id	sid	tid	token	lemma	pos
fsr-3917	1	1	pii	pii	PROPN
fsr-3917	1	2	:	:	PUNCT
fsr-3917	1	3	s1057	s1057	NOUN
fsr-3917	1	4	-	-	PUNCT
fsr-3917	1	5	0810(00)00062	0810(00)00062	NUM
fsr-3917	1	6	-	-	PUNCT
fsr-3917	1	7	7	7	NUM
fsr-3917	1	8	stock	stock	NOUN
fsr-3917	1	9	selection	selection	NOUN
fsr-3917	1	10	based	base	VERB
fsr-3917	1	11	on	on	ADP
fsr-3917	1	12	morningstar	morningstar	PROPN
fsr-3917	1	13	’s	’s	PART
fsr-3917	1	14	ten	ten	NUM
fsr-3917	1	15	-	-	PUNCT
fsr-3917	1	16	year	year	NOUN
fsr-3917	1	17	,	,	PUNCT
fsr-3917	1	18	five	five	NUM
fsr-3917	1	19	-	-	PUNCT
fsr-3917	1	20	star	star	NOUN
fsr-3917	1	21	general	general	PROPN
fsr-3917	1	22	equity	equity	PROPN
fsr-3917	1	23	mutual	mutual	ADJ
fsr-3917	1	24	funds	fund	NOUN
fsr-3917	1	25	anthony	anthony	PROPN
fsr-3917	1	26	l.	l.	PROPN
fsr-3917	1	27	lovisceka	lovisceka	PROPN
fsr-3917	1	28	,	,	PUNCT
fsr-3917	1	29	*	*	PROPN
fsr-3917	1	30	,	,	PUNCT
fsr-3917	1	31	w.	w.	PROPN
fsr-3917	1	32	john	john	PROPN
fsr-3917	1	33	jordanb,1	jordanb,1	PROPN
fsr-3917	1	34	adepartment	adepartment	PROPN
fsr-3917	1	35	of	of	ADP
fsr-3917	1	36	finance	finance	NOUN
fsr-3917	1	37	and	and	CCONJ
fsr-3917	1	38	legal	legal	ADJ
fsr-3917	1	39	studies	study	NOUN
fsr-3917	1	40	,	,	PUNCT
fsr-3917	1	41	seton	seton	PROPN
fsr-3917	1	42	hall	hall	PROPN
fsr-3917	1	43	university	university	PROPN
fsr-3917	1	44	,	,	PUNCT
fsr-3917	1	45	south	south	NOUN
fsr-3917	1	46	orange	orange	PROPN
fsr-3917	1	47	,	,	PUNCT
fsr-3917	1	48	nj	nj	PROPN
fsr-3917	1	49	07079	07079	NUM
fsr-3917	1	50	,	,	PUNCT
fsr-3917	1	51	usa	usa	PROPN
fsr-3917	1	52	bdepartment	bdepartment	PROPN
fsr-3917	1	53	of	of	ADP
fsr-3917	1	54	economics	economic	NOUN
fsr-3917	1	55	,	,	PUNCT
fsr-3917	1	56	seton	seton	PROPN
fsr-3917	1	57	hall	hall	PROPN
fsr-3917	1	58	university	university	PROPN
fsr-3917	1	59	,	,	PUNCT
fsr-3917	1	60	south	south	NOUN
fsr-3917	1	61	orange	orange	PROPN
fsr-3917	1	62	,	,	PUNCT
fsr-3917	1	63	nj	nj	PROPN
fsr-3917	1	64	07079	07079	NUM
fsr-3917	1	65	,	,	PUNCT
fsr-3917	1	66	usa	usa	PROPN
fsr-3917	1	67	received	receive	VERB
fsr-3917	1	68	14	14	NUM
fsr-3917	1	69	june	june	PROPN
fsr-3917	1	70	1999	1999	NUM
fsr-3917	1	71	;	;	PUNCT
fsr-3917	1	72	received	receive	VERB
fsr-3917	1	73	in	in	ADP
fsr-3917	1	74	revised	revise	VERB
fsr-3917	1	75	form	form	NOUN
fsr-3917	1	76	16	16	NUM
fsr-3917	1	77	august	august	PROPN
fsr-3917	1	78	2000	2000	NUM
fsr-3917	1	79	;	;	PUNCT
fsr-3917	1	80	accepted	accept	VERB
fsr-3917	1	81	16	16	NUM
fsr-3917	1	82	august	august	PROPN
fsr-3917	1	83	2000	2000	NUM
fsr-3917	1	84	abstract	abstract	ADJ
fsr-3917	1	85	recent	recent	ADJ
fsr-3917	1	86	research	research	NOUN
fsr-3917	1	87	suggests	suggest	VERB
fsr-3917	1	88	that	that	SCONJ
fsr-3917	1	89	the	the	DET
fsr-3917	1	90	individual	individual	ADJ
fsr-3917	1	91	investor	investor	NOUN
fsr-3917	1	92	can	can	AUX
fsr-3917	1	93	build	build	VERB
fsr-3917	1	94	stock	stock	NOUN
fsr-3917	1	95	portfolios	portfolio	NOUN
fsr-3917	1	96	that	that	PRON
fsr-3917	1	97	outperform	outperform	VERB
fsr-3917	1	98	broad	broad	ADJ
fsr-3917	1	99	market	market	NOUN
fsr-3917	1	100	indices	index	NOUN
fsr-3917	1	101	.	.	PUNCT
fsr-3917	2	1	based	base	VERB
fsr-3917	2	2	on	on	ADP
fsr-3917	2	3	this	this	DET
fsr-3917	2	4	research	research	NOUN
fsr-3917	2	5	and	and	CCONJ
fsr-3917	2	6	on	on	ADP
fsr-3917	2	7	evidence	evidence	NOUN
fsr-3917	2	8	supporting	support	VERB
fsr-3917	2	9	the	the	DET
fsr-3917	2	10	persistence	persistence	NOUN
fsr-3917	2	11	of	of	ADP
fsr-3917	2	12	mutual	mutual	ADJ
fsr-3917	2	13	fund	fund	NOUN
fsr-3917	2	14	performance	performance	NOUN
fsr-3917	2	15	,	,	PUNCT
fsr-3917	2	16	we	we	PRON
fsr-3917	2	17	test	test	VERB
fsr-3917	2	18	whether	whether	SCONJ
fsr-3917	2	19	or	or	CCONJ
fsr-3917	2	20	not	not	PART
fsr-3917	2	21	the	the	DET
fsr-3917	2	22	individual	individual	ADJ
fsr-3917	2	23	investor	investor	NOUN
fsr-3917	2	24	can	can	AUX
fsr-3917	2	25	build	build	VERB
fsr-3917	2	26	market	market	NOUN
fsr-3917	2	27	-	-	PUNCT
fsr-3917	2	28	superior	superior	ADJ
fsr-3917	2	29	portfolios	portfolio	NOUN
fsr-3917	2	30	from	from	ADP
fsr-3917	2	31	stocks	stock	NOUN
fsr-3917	2	32	selected	select	VERB
fsr-3917	2	33	from	from	ADP
fsr-3917	2	34	the	the	DET
fsr-3917	2	35	top	top	ADJ
fsr-3917	2	36	holdings	holding	NOUN
fsr-3917	2	37	of	of	ADP
fsr-3917	2	38	morningstar	morningstar	PROPN
fsr-3917	2	39	’s	’s	PART
fsr-3917	2	40	ten	ten	NUM
fsr-3917	2	41	-	-	PUNCT
fsr-3917	2	42	year	year	NOUN
fsr-3917	2	43	,	,	PUNCT
fsr-3917	2	44	five	five	NUM
fsr-3917	2	45	-	-	PUNCT
fsr-3917	2	46	star	star	NOUN
fsr-3917	2	47	general	general	PROPN
fsr-3917	2	48	equity	equity	PROPN
fsr-3917	2	49	mutual	mutual	ADJ
fsr-3917	2	50	funds	fund	NOUN
fsr-3917	2	51	.	.	PUNCT
fsr-3917	3	1	we	we	PRON
fsr-3917	3	2	use	use	VERB
fsr-3917	3	3	modern	modern	ADJ
fsr-3917	3	4	portfolio	portfolio	NOUN
fsr-3917	3	5	theory	theory	NOUN
fsr-3917	3	6	to	to	PART
fsr-3917	3	7	construct	construct	VERB
fsr-3917	3	8	the	the	DET
fsr-3917	3	9	portfolios	portfolio	NOUN
fsr-3917	3	10	.	.	PUNCT
fsr-3917	4	1	although	although	SCONJ
fsr-3917	4	2	the	the	DET
fsr-3917	4	3	portfolios	portfolio	NOUN
fsr-3917	4	4	tend	tend	VERB
fsr-3917	4	5	to	to	PART
fsr-3917	4	6	outperform	outperform	VERB
fsr-3917	4	7	the	the	DET
fsr-3917	4	8	s&p	s&p	PROPN
fsr-3917	4	9	500	500	NUM
fsr-3917	4	10	for	for	ADP
fsr-3917	4	11	the	the	DET
fsr-3917	4	12	1990s	1990s	NUM
fsr-3917	4	13	,	,	PUNCT
fsr-3917	4	14	we	we	PRON
fsr-3917	4	15	conclude	conclude	VERB
fsr-3917	4	16	that	that	SCONJ
fsr-3917	4	17	the	the	DET
fsr-3917	4	18	evidence	evidence	NOUN
fsr-3917	4	19	is	be	AUX
fsr-3917	4	20	not	not	PART
fsr-3917	4	21	strong	strong	ADJ
fsr-3917	4	22	enough	enough	ADV
fsr-3917	4	23	to	to	PART
fsr-3917	4	24	recommend	recommend	VERB
fsr-3917	4	25	this	this	DET
fsr-3917	4	26	stock	stock	NOUN
fsr-3917	4	27	selection	selection	NOUN
fsr-3917	4	28	strategy	strategy	NOUN
fsr-3917	4	29	to	to	ADP
fsr-3917	4	30	the	the	DET
fsr-3917	4	31	individual	individual	ADJ
fsr-3917	4	32	investor	investor	NOUN
fsr-3917	4	33	.	.	PUNCT
fsr-3917	5	1	©	©	PROPN
fsr-3917	5	2	2000	2000	NUM
fsr-3917	5	3	elsevier	elsevier	PROPN
fsr-3917	5	4	science	science	PROPN
fsr-3917	5	5	inc	inc	PROPN
fsr-3917	5	6	.	.	PUNCT
fsr-3917	6	1	all	all	DET
fsr-3917	6	2	rights	right	NOUN
fsr-3917	6	3	reserved	reserve	VERB
fsr-3917	6	4	.	.	PUNCT
fsr-3917	7	1	jel	jel	PROPN
fsr-3917	7	2	classification	classification	NOUN
fsr-3917	7	3	:	:	PUNCT
fsr-3917	7	4	g11	g11	NOUN
fsr-3917	7	5	keywords	keyword	NOUN
fsr-3917	7	6	:	:	PUNCT
fsr-3917	7	7	portfolios	portfolio	NOUN
fsr-3917	7	8	;	;	PUNCT
fsr-3917	7	9	ten	ten	NUM
fsr-3917	7	10	-	-	PUNCT
fsr-3917	7	11	year	year	NOUN
fsr-3917	7	12	,	,	PUNCT
fsr-3917	7	13	five	five	NUM
fsr-3917	7	14	-	-	PUNCT
fsr-3917	7	15	star	star	NOUN
fsr-3917	7	16	funds	fund	NOUN
fsr-3917	7	17	1	1	NUM
fsr-3917	7	18	.	.	PUNCT
fsr-3917	7	19	introduction	introduction	NOUN
fsr-3917	7	20	a	a	DET
fsr-3917	7	21	successful	successful	ADJ
fsr-3917	7	22	stock	stock	NOUN
fsr-3917	7	23	selection	selection	NOUN
fsr-3917	7	24	strategy	strategy	NOUN
fsr-3917	7	25	is	be	AUX
fsr-3917	7	26	indispensable	indispensable	ADJ
fsr-3917	7	27	to	to	ADP
fsr-3917	7	28	active	active	ADJ
fsr-3917	7	29	stock	stock	NOUN
fsr-3917	7	30	investment	investment	NOUN
fsr-3917	7	31	management	management	NOUN
fsr-3917	7	32	.	.	PUNCT
fsr-3917	8	1	with	with	ADP
fsr-3917	8	2	advances	advance	NOUN
fsr-3917	8	3	in	in	ADP
fsr-3917	8	4	communications	communication	NOUN
fsr-3917	8	5	technology	technology	NOUN
fsr-3917	8	6	and	and	CCONJ
fsr-3917	8	7	computer	computer	NOUN
fsr-3917	8	8	software	software	NOUN
fsr-3917	8	9	,	,	PUNCT
fsr-3917	8	10	the	the	DET
fsr-3917	8	11	individual	individual	ADJ
fsr-3917	8	12	investor	investor	NOUN
fsr-3917	8	13	can	can	AUX
fsr-3917	8	14	now	now	ADV
fsr-3917	8	15	implement	implement	VERB
fsr-3917	8	16	any	any	DET
fsr-3917	8	17	one	one	NUM
fsr-3917	8	18	of	of	ADP
fsr-3917	8	19	many	many	ADJ
fsr-3917	8	20	strategies	strategy	NOUN
fsr-3917	8	21	,	,	PUNCT
fsr-3917	8	22	or	or	CCONJ
fsr-3917	8	23	a	a	DET
fsr-3917	8	24	combination	combination	NOUN
fsr-3917	8	25	of	of	ADP
fsr-3917	8	26	them	they	PRON
fsr-3917	8	27	,	,	PUNCT
fsr-3917	8	28	such	such	ADJ
fsr-3917	8	29	as	as	ADP
fsr-3917	8	30	monitoring	monitor	VERB
fsr-3917	8	31	analysts	analyst	NOUN
fsr-3917	8	32	’	’	PART
fsr-3917	8	33	ratings	rating	NOUN
fsr-3917	8	34	of	of	ADP
fsr-3917	8	35	stocks	stock	NOUN
fsr-3917	8	36	,	,	PUNCT
fsr-3917	8	37	tracking	track	VERB
fsr-3917	8	38	financial	financial	ADJ
fsr-3917	8	39	and	and	CCONJ
fsr-3917	8	40	economic	economic	ADJ
fsr-3917	8	41	variables	variable	NOUN
fsr-3917	8	42	,	,	PUNCT
fsr-3917	8	43	charting	chart	VERB
fsr-3917	8	44	*	*	PUNCT
fsr-3917	8	45	corresponding	correspond	VERB
fsr-3917	8	46	author	author	NOUN
fsr-3917	8	47	.	.	PUNCT
fsr-3917	9	1	tel.:11	tel.:11	PROPN
fsr-3917	9	2	-	-	PUNCT
fsr-3917	9	3	973	973	NUM
fsr-3917	9	4	-	-	PUNCT
fsr-3917	9	5	761	761	NUM
fsr-3917	9	6	-	-	SYM
fsr-3917	9	7	9127	9127	NUM
fsr-3917	10	1	;	;	PUNCT
fsr-3917	10	2	fax:11	fax:11	PROPN
fsr-3917	10	3	-	-	PUNCT
fsr-3917	10	4	973	973	NUM
fsr-3917	10	5	-	-	PUNCT
fsr-3917	10	6	761	761	NUM
fsr-3917	10	7	-	-	SYM
fsr-3917	10	8	9217	9217	NUM
fsr-3917	10	9	.	.	PUNCT
fsr-3917	11	1	e	e	X
fsr-3917	11	2	-	-	NOUN
fsr-3917	11	3	mail	mail	NOUN
fsr-3917	11	4	address	address	NOUN
fsr-3917	11	5	:	:	PUNCT
fsr-3917	11	6	loviscto@shu.edu	loviscto@shu.edu	NOUN
fsr-3917	11	7	(	(	PUNCT
fsr-3917	11	8	a.l	a.l	PROPN
fsr-3917	11	9	.	.	PROPN
fsr-3917	11	10	loviscek	loviscek	PROPN
fsr-3917	11	11	)	)	PUNCT
fsr-3917	11	12	.	.	PUNCT
fsr-3917	12	1	1	1	NUM
fsr-3917	12	2	w.	w.	PROPN
fsr-3917	12	3	john	john	PROPN
fsr-3917	12	4	jordan	jordan	PROPN
fsr-3917	12	5	died	die	VERB
fsr-3917	12	6	unexpectedly	unexpectedly	ADV
fsr-3917	12	7	during	during	ADP
fsr-3917	12	8	the	the	DET
fsr-3917	12	9	revision	revision	NOUN
fsr-3917	12	10	of	of	ADP
fsr-3917	12	11	this	this	DET
fsr-3917	12	12	paper	paper	NOUN
fsr-3917	12	13	.	.	PUNCT
fsr-3917	13	1	this	this	DET
fsr-3917	13	2	paper	paper	NOUN
fsr-3917	13	3	is	be	AUX
fsr-3917	13	4	dedicated	dedicate	VERB
fsr-3917	13	5	to	to	ADP
fsr-3917	13	6	him	he	PRON
fsr-3917	13	7	.	.	PUNCT
fsr-3917	14	1	financial	financial	ADJ
fsr-3917	14	2	services	service	NOUN
fsr-3917	14	3	review	review	VERB
fsr-3917	14	4	9	9	NUM
fsr-3917	14	5	(	(	PUNCT
fsr-3917	14	6	2000	2000	NUM
fsr-3917	14	7	)	)	PUNCT
fsr-3917	15	1	145–157	145–157	NUM
fsr-3917	15	2	1057	1057	NUM
fsr-3917	15	3	-	-	SYM
fsr-3917	15	4	0810/00/$	0810/00/$	NUM
fsr-3917	15	5	–	–	PUNCT
fsr-3917	15	6	see	see	VERB
fsr-3917	15	7	front	front	ADJ
fsr-3917	15	8	matter	matter	NOUN
fsr-3917	15	9	©	©	PROPN
fsr-3917	15	10	2000	2000	NUM
fsr-3917	15	11	elsevier	elsevier	PROPN
fsr-3917	15	12	science	science	PROPN
fsr-3917	15	13	inc	inc	PROPN
fsr-3917	15	14	.	.	PUNCT
fsr-3917	16	1	all	all	DET
fsr-3917	16	2	rights	right	NOUN
fsr-3917	16	3	reserved	reserve	VERB
fsr-3917	16	4	.	.	PUNCT
fsr-3917	17	1	pii	pii	NOUN
fsr-3917	17	2	:	:	PUNCT
fsr-3917	17	3	s1057	s1057	NOUN
fsr-3917	17	4	-	-	PUNCT
fsr-3917	17	5	0810(00)00062	0810(00)00062	NUM
fsr-3917	17	6	-	-	PUNCT
fsr-3917	17	7	7	7	NUM
fsr-3917	17	8	stock	stock	NOUN
fsr-3917	17	9	prices	price	NOUN
fsr-3917	17	10	,	,	PUNCT
fsr-3917	17	11	using	use	VERB
fsr-3917	17	12	asset	asset	NOUN
fsr-3917	17	13	pricing	pricing	NOUN
fsr-3917	17	14	models	model	NOUN
fsr-3917	17	15	,	,	PUNCT
fsr-3917	17	16	reading	read	VERB
fsr-3917	17	17	investment	investment	NOUN
fsr-3917	17	18	newsletters	newsletter	NOUN
fsr-3917	17	19	,	,	PUNCT
fsr-3917	17	20	following	follow	VERB
fsr-3917	17	21	the	the	DET
fsr-3917	17	22	activities	activity	NOUN
fsr-3917	17	23	of	of	ADP
fsr-3917	17	24	portfolio	portfolio	NOUN
fsr-3917	17	25	managers	manager	NOUN
fsr-3917	17	26	,	,	PUNCT
fsr-3917	17	27	and	and	CCONJ
fsr-3917	17	28	implementing	implement	VERB
fsr-3917	17	29	stock	stock	NOUN
fsr-3917	17	30	screening	screening	NOUN
fsr-3917	17	31	programs	program	NOUN
fsr-3917	17	32	.	.	PUNCT
fsr-3917	18	1	which	which	PRON
fsr-3917	18	2	of	of	ADP
fsr-3917	18	3	these	these	DET
fsr-3917	18	4	strategies	strategy	NOUN
fsr-3917	18	5	helps	help	VERB
fsr-3917	18	6	the	the	DET
fsr-3917	18	7	individual	individual	ADJ
fsr-3917	18	8	investor	investor	NOUN
fsr-3917	18	9	outperform	outperform	VERB
fsr-3917	18	10	passive	passive	ADJ
fsr-3917	18	11	investment	investment	NOUN
fsr-3917	18	12	alternatives	alternative	NOUN
fsr-3917	18	13	(	(	PUNCT
fsr-3917	18	14	e.g.	e.g.	ADV
fsr-3917	18	15	,	,	PUNCT
fsr-3917	18	16	investing	invest	VERB
fsr-3917	18	17	in	in	ADP
fsr-3917	18	18	a	a	DET
fsr-3917	18	19	stock	stock	NOUN
fsr-3917	18	20	index	index	NOUN
fsr-3917	18	21	mutual	mutual	ADJ
fsr-3917	18	22	fund	fund	NOUN
fsr-3917	18	23	)	)	PUNCT
fsr-3917	18	24	,	,	PUNCT
fsr-3917	18	25	however	however	ADV
fsr-3917	18	26	,	,	PUNCT
fsr-3917	18	27	is	be	AUX
fsr-3917	18	28	certainly	certainly	ADV
fsr-3917	18	29	a	a	DET
fsr-3917	18	30	contested	contested	ADJ
fsr-3917	18	31	issue	issue	NOUN
fsr-3917	18	32	.	.	PUNCT
fsr-3917	19	1	from	from	ADP
fsr-3917	19	2	an	an	DET
fsr-3917	19	3	efficient	efficient	ADJ
fsr-3917	19	4	markets	market	NOUN
fsr-3917	19	5	perspective	perspective	NOUN
fsr-3917	19	6	,	,	PUNCT
fsr-3917	19	7	fama	fama	PROPN
fsr-3917	19	8	(	(	PUNCT
fsr-3917	19	9	1995	1995	NUM
fsr-3917	19	10	)	)	PUNCT
fsr-3917	19	11	provides	provide	VERB
fsr-3917	19	12	a	a	DET
fsr-3917	19	13	lucid	lucid	ADJ
fsr-3917	19	14	summary	summary	NOUN
fsr-3917	19	15	of	of	ADP
fsr-3917	19	16	why	why	SCONJ
fsr-3917	19	17	stock	stock	NOUN
fsr-3917	19	18	selection	selection	NOUN
fsr-3917	19	19	strategies	strategy	NOUN
fsr-3917	19	20	are	be	AUX
fsr-3917	19	21	generally	generally	ADV
fsr-3917	19	22	found	find	VERB
fsr-3917	19	23	wanting	want	VERB
fsr-3917	19	24	.	.	PUNCT
fsr-3917	20	1	as	as	SCONJ
fsr-3917	20	2	additional	additional	ADJ
fsr-3917	20	3	support	support	NOUN
fsr-3917	20	4	,	,	PUNCT
fsr-3917	20	5	metrick	metrick	ADJ
fsr-3917	20	6	(	(	PUNCT
fsr-3917	20	7	1999	1999	NUM
fsr-3917	20	8	)	)	PUNCT
fsr-3917	20	9	finds	find	VERB
fsr-3917	20	10	no	no	DET
fsr-3917	20	11	evidence	evidence	NOUN
fsr-3917	20	12	of	of	ADP
fsr-3917	20	13	superior	superior	ADJ
fsr-3917	20	14	stock	stock	NOUN
fsr-3917	20	15	selection	selection	NOUN
fsr-3917	20	16	from	from	ADP
fsr-3917	20	17	among	among	ADP
fsr-3917	20	18	153	153	NUM
fsr-3917	20	19	investment	investment	NOUN
fsr-3917	20	20	newsletters	newsletter	NOUN
fsr-3917	20	21	.	.	PUNCT
fsr-3917	21	1	walker	walker	PROPN
fsr-3917	21	2	and	and	CCONJ
fsr-3917	21	3	hatfield	hatfield	PROPN
fsr-3917	21	4	(	(	PUNCT
fsr-3917	21	5	1996	1996	NUM
fsr-3917	21	6	)	)	PUNCT
fsr-3917	21	7	conclude	conclude	VERB
fsr-3917	21	8	that	that	SCONJ
fsr-3917	21	9	the	the	DET
fsr-3917	21	10	individual	individual	ADJ
fsr-3917	21	11	investor	investor	NOUN
fsr-3917	21	12	is	be	AUX
fsr-3917	21	13	unlikely	unlikely	ADJ
fsr-3917	21	14	to	to	PART
fsr-3917	21	15	profit	profit	VERB
fsr-3917	21	16	from	from	ADP
fsr-3917	21	17	analysts	analyst	NOUN
fsr-3917	21	18	’	’	PART
fsr-3917	21	19	recommendations	recommendation	NOUN
fsr-3917	21	20	published	publish	VERB
fsr-3917	21	21	inu.s.a	inu.s.a	NOUN
fsr-3917	21	22	.	.	PUNCT
fsr-3917	22	1	today.chandy	today.chandy	NUM
fsr-3917	22	2	,	,	PUNCT
fsr-3917	22	3	peavy	peavy	PROPN
fsr-3917	22	4	and	and	CCONJ
fsr-3917	22	5	reichenstein	reichenstein	PROPN
fsr-3917	22	6	(	(	PUNCT
fsr-3917	22	7	1993	1993	NUM
fsr-3917	22	8	)	)	PUNCT
fsr-3917	22	9	demonstrate	demonstrate	VERB
fsr-3917	22	10	that	that	SCONJ
fsr-3917	22	11	the	the	DET
fsr-3917	22	12	potential	potential	NOUN
fsr-3917	22	13	to	to	PART
fsr-3917	22	14	earn	earn	VERB
fsr-3917	22	15	excess	excess	ADJ
fsr-3917	22	16	returns	return	NOUN
fsr-3917	22	17	from	from	ADP
fsr-3917	22	18	value	value	NOUN
fsr-3917	22	19	line	line	NOUN
fsr-3917	22	20	’s	’s	PART
fsr-3917	22	21	“	"	PUNCT
fsr-3917	22	22	stock	stock	NOUN
fsr-3917	22	23	highlight	highlight	NOUN
fsr-3917	22	24	”	"	PUNCT
fsr-3917	22	25	section	section	NOUN
fsr-3917	22	26	is	be	AUX
fsr-3917	22	27	short	short	ADV
fsr-3917	22	28	-	-	PUNCT
fsr-3917	22	29	lived	live	VERB
fsr-3917	22	30	at	at	ADP
fsr-3917	22	31	best	well	ADV
fsr-3917	22	32	.	.	PUNCT
fsr-3917	23	1	fromme	fromme	PROPN
fsr-3917	23	2	(	(	PUNCT
fsr-3917	23	3	1993	1993	NUM
fsr-3917	23	4	)	)	PUNCT
fsr-3917	23	5	and	and	CCONJ
fsr-3917	23	6	michaud	michaud	PROPN
fsr-3917	23	7	(	(	PUNCT
fsr-3917	23	8	1998	1998	NUM
fsr-3917	23	9	)	)	PUNCT
fsr-3917	23	10	assert	assert	VERB
fsr-3917	23	11	that	that	SCONJ
fsr-3917	23	12	popular	popular	ADJ
fsr-3917	23	13	stock	stock	NOUN
fsr-3917	23	14	selection	selection	NOUN
fsr-3917	23	15	variables	variable	NOUN
fsr-3917	23	16	,	,	PUNCT
fsr-3917	23	17	such	such	ADJ
fsr-3917	23	18	as	as	ADP
fsr-3917	23	19	the	the	DET
fsr-3917	23	20	dividend	dividend	NOUN
fsr-3917	23	21	-	-	PUNCT
fsr-3917	23	22	yield	yield	NOUN
fsr-3917	23	23	,	,	PUNCT
fsr-3917	23	24	the	the	DET
fsr-3917	23	25	price	price	NOUN
fsr-3917	23	26	-	-	PUNCT
fsr-3917	23	27	earnings	earning	NOUN
fsr-3917	23	28	ratio	ratio	NOUN
fsr-3917	23	29	,	,	PUNCT
fsr-3917	23	30	and	and	CCONJ
fsr-3917	23	31	the	the	DET
fsr-3917	23	32	price	price	NOUN
fsr-3917	23	33	-	-	PUNCT
fsr-3917	23	34	book	book	NOUN
fsr-3917	23	35	ratio	ratio	NOUN
fsr-3917	23	36	,	,	PUNCT
fsr-3917	23	37	may	may	AUX
fsr-3917	23	38	well	well	ADV
fsr-3917	23	39	be	be	AUX
fsr-3917	23	40	too	too	ADV
fsr-3917	23	41	simplistic	simplistic	ADJ
fsr-3917	23	42	to	to	PART
fsr-3917	23	43	be	be	AUX
fsr-3917	23	44	consistently	consistently	ADV
fsr-3917	23	45	effective	effective	ADJ
fsr-3917	23	46	,	,	PUNCT
fsr-3917	23	47	a	a	DET
fsr-3917	23	48	conclusion	conclusion	NOUN
fsr-3917	23	49	that	that	SCONJ
fsr-3917	23	50	chan	chan	PROPN
fsr-3917	23	51	(	(	PUNCT
fsr-3917	23	52	1992	1992	NUM
fsr-3917	23	53	)	)	PUNCT
fsr-3917	23	54	reaches	reach	VERB
fsr-3917	23	55	when	when	SCONJ
fsr-3917	23	56	examining	examine	VERB
fsr-3917	23	57	the	the	DET
fsr-3917	23	58	use	use	NOUN
fsr-3917	23	59	of	of	ADP
fsr-3917	23	60	beta	beta	NOUN
fsr-3917	23	61	.	.	PUNCT
fsr-3917	24	1	zimmerman	zimmerman	PROPN
fsr-3917	24	2	and	and	CCONJ
fsr-3917	24	3	zogg	zogg	PROPN
fsr-3917	24	4	-	-	PUNCT
fsr-3917	24	5	wetter	wetter	NOUN
fsr-3917	24	6	(	(	PUNCT
fsr-3917	24	7	1992	1992	NUM
fsr-3917	24	8	)	)	PUNCT
fsr-3917	24	9	present	present	ADJ
fsr-3917	24	10	results	result	NOUN
fsr-3917	24	11	that	that	PRON
fsr-3917	24	12	question	question	VERB
fsr-3917	24	13	the	the	DET
fsr-3917	24	14	efficacy	efficacy	NOUN
fsr-3917	24	15	of	of	ADP
fsr-3917	24	16	market	market	NOUN
fsr-3917	24	17	timing	timing	NOUN
fsr-3917	24	18	techniques	technique	NOUN
fsr-3917	24	19	and	and	CCONJ
fsr-3917	24	20	tests	test	NOUN
fsr-3917	24	21	used	use	VERB
fsr-3917	24	22	to	to	PART
fsr-3917	24	23	detect	detect	VERB
fsr-3917	24	24	market	market	NOUN
fsr-3917	24	25	timing	timing	NOUN
fsr-3917	24	26	ability	ability	NOUN
fsr-3917	24	27	.	.	PUNCT
fsr-3917	25	1	rohweder	rohweder	NOUN
fsr-3917	25	2	(	(	PUNCT
fsr-3917	25	3	1998	1998	NUM
fsr-3917	25	4	)	)	PUNCT
fsr-3917	25	5	provides	provide	VERB
fsr-3917	25	6	evidence	evidence	NOUN
fsr-3917	25	7	that	that	SCONJ
fsr-3917	25	8	quantitative	quantitative	ADJ
fsr-3917	25	9	portfolio	portfolio	NOUN
fsr-3917	25	10	construction	construction	NOUN
fsr-3917	25	11	methods	method	NOUN
fsr-3917	25	12	,	,	PUNCT
fsr-3917	25	13	because	because	SCONJ
fsr-3917	25	14	they	they	PRON
fsr-3917	25	15	require	require	VERB
fsr-3917	25	16	accurate	accurate	ADJ
fsr-3917	25	17	forecasts	forecast	NOUN
fsr-3917	25	18	of	of	ADP
fsr-3917	25	19	returns	return	NOUN
fsr-3917	25	20	and	and	CCONJ
fsr-3917	25	21	covariances	covariance	NOUN
fsr-3917	25	22	,	,	PUNCT
fsr-3917	25	23	may	may	AUX
fsr-3917	25	24	deliver	deliver	VERB
fsr-3917	25	25	disappointing	disappointing	ADJ
fsr-3917	25	26	results	result	NOUN
fsr-3917	25	27	.	.	PUNCT
fsr-3917	26	1	an	an	DET
fsr-3917	26	2	emerging	emerge	VERB
fsr-3917	26	3	literature	literature	NOUN
fsr-3917	26	4	,	,	PUNCT
fsr-3917	26	5	however	however	ADV
fsr-3917	26	6	,	,	PUNCT
fsr-3917	26	7	suggests	suggest	VERB
fsr-3917	26	8	that	that	SCONJ
fsr-3917	26	9	the	the	DET
fsr-3917	26	10	profession	profession	NOUN
fsr-3917	26	11	may	may	AUX
fsr-3917	26	12	have	have	AUX
fsr-3917	26	13	,	,	PUNCT
fsr-3917	26	14	in	in	ADP
fsr-3917	26	15	some	some	DET
fsr-3917	26	16	cases	case	NOUN
fsr-3917	26	17	,	,	PUNCT
fsr-3917	26	18	underestimated	underestimate	VERB
fsr-3917	26	19	the	the	DET
fsr-3917	26	20	efficacy	efficacy	NOUN
fsr-3917	26	21	of	of	ADP
fsr-3917	26	22	stock	stock	NOUN
fsr-3917	26	23	selection	selection	NOUN
fsr-3917	26	24	methods	method	NOUN
fsr-3917	26	25	.	.	PUNCT
fsr-3917	27	1	for	for	ADP
fsr-3917	27	2	example	example	NOUN
fsr-3917	27	3	,	,	PUNCT
fsr-3917	27	4	gold	gold	NOUN
fsr-3917	27	5	and	and	CCONJ
fsr-3917	27	6	lebowitz	lebowitz	PROPN
fsr-3917	27	7	(	(	PUNCT
fsr-3917	27	8	1999	1999	NUM
fsr-3917	27	9	)	)	PUNCT
fsr-3917	27	10	show	show	VERB
fsr-3917	27	11	that	that	SCONJ
fsr-3917	27	12	computerized	computerized	ADJ
fsr-3917	27	13	stock	stock	NOUN
fsr-3917	27	14	screening	screening	NOUN
fsr-3917	27	15	programs	program	NOUN
fsr-3917	27	16	contain	contain	VERB
fsr-3917	27	17	stock	stock	NOUN
fsr-3917	27	18	selection	selection	NOUN
fsr-3917	27	19	strategies	strategy	NOUN
fsr-3917	27	20	that	that	PRON
fsr-3917	27	21	can	can	AUX
fsr-3917	27	22	help	help	VERB
fsr-3917	27	23	the	the	DET
fsr-3917	27	24	individual	individual	ADJ
fsr-3917	27	25	investor	investor	NOUN
fsr-3917	27	26	significantly	significantly	ADV
fsr-3917	27	27	exceed	exceed	VERB
fsr-3917	27	28	the	the	DET
fsr-3917	27	29	performance	performance	NOUN
fsr-3917	27	30	of	of	ADP
fsr-3917	27	31	market	market	NOUN
fsr-3917	27	32	indices	index	NOUN
fsr-3917	27	33	and	and	CCONJ
fsr-3917	27	34	professional	professional	ADJ
fsr-3917	27	35	money	money	NOUN
fsr-3917	27	36	managers	manager	NOUN
fsr-3917	27	37	.	.	PUNCT
fsr-3917	28	1	sahu	sahu	PROPN
fsr-3917	28	2	and	and	CCONJ
fsr-3917	28	3	kleiman	kleiman	PROPN
fsr-3917	28	4	(	(	PUNCT
fsr-3917	28	5	1998	1998	NUM
fsr-3917	28	6	)	)	PUNCT
fsr-3917	28	7	uncover	uncover	VERB
fsr-3917	28	8	evidence	evidence	NOUN
fsr-3917	28	9	of	of	ADP
fsr-3917	28	10	superior	superior	ADJ
fsr-3917	28	11	stock	stock	NOUN
fsr-3917	28	12	selection	selection	NOUN
fsr-3917	28	13	ability	ability	NOUN
fsr-3917	28	14	among	among	ADP
fsr-3917	28	15	portfolio	portfolio	NOUN
fsr-3917	28	16	managers	manager	NOUN
fsr-3917	28	17	at	at	ADP
fsr-3917	28	18	bank	bank	PROPN
fsr-3917	28	19	trust	trust	NOUN
fsr-3917	28	20	departments	department	NOUN
fsr-3917	28	21	.	.	PUNCT
fsr-3917	29	1	rich	rich	ADJ
fsr-3917	29	2	and	and	CCONJ
fsr-3917	29	3	reichenstein	reichenstein	PROPN
fsr-3917	29	4	(	(	PUNCT
fsr-3917	29	5	1993	1993	NUM
fsr-3917	29	6	)	)	PUNCT
fsr-3917	29	7	,	,	PUNCT
fsr-3917	29	8	using	use	VERB
fsr-3917	29	9	value	value	NOUN
fsr-3917	29	10	line	line	NOUN
fsr-3917	29	11	’s	’s	PART
fsr-3917	29	12	projections	projection	NOUN
fsr-3917	29	13	,	,	PUNCT
fsr-3917	29	14	find	find	VERB
fsr-3917	29	15	that	that	SCONJ
fsr-3917	29	16	market	market	NOUN
fsr-3917	29	17	timing	timing	NOUN
fsr-3917	29	18	based	base	VERB
fsr-3917	29	19	on	on	ADP
fsr-3917	29	20	the	the	DET
fsr-3917	29	21	expected	expect	VERB
fsr-3917	29	22	market	market	NOUN
fsr-3917	29	23	risk	risk	NOUN
fsr-3917	29	24	premium	premium	NOUN
fsr-3917	29	25	,	,	PUNCT
fsr-3917	29	26	dividend	dividend	NOUN
fsr-3917	29	27	yield	yield	NOUN
fsr-3917	29	28	,	,	PUNCT
fsr-3917	29	29	and	and	CCONJ
fsr-3917	29	30	the	the	DET
fsr-3917	29	31	earnings	earning	NOUN
fsr-3917	29	32	-	-	PUNCT
fsr-3917	29	33	price	price	NOUN
fsr-3917	29	34	ratio	ratio	NOUN
fsr-3917	29	35	may	may	AUX
fsr-3917	29	36	enable	enable	VERB
fsr-3917	29	37	the	the	DET
fsr-3917	29	38	individual	individual	ADJ
fsr-3917	29	39	investor	investor	NOUN
fsr-3917	29	40	to	to	PART
fsr-3917	29	41	beat	beat	VERB
fsr-3917	29	42	the	the	DET
fsr-3917	29	43	s&p	s&p	PROPN
fsr-3917	29	44	500	500	NUM
fsr-3917	29	45	.	.	PUNCT
fsr-3917	30	1	mann	mann	PROPN
fsr-3917	30	2	and	and	CCONJ
fsr-3917	30	3	solberg	solberg	PROPN
fsr-3917	30	4	(	(	PUNCT
fsr-3917	30	5	1991	1991	NUM
fsr-3917	30	6	)	)	PUNCT
fsr-3917	30	7	also	also	ADV
fsr-3917	30	8	suggest	suggest	VERB
fsr-3917	30	9	the	the	DET
fsr-3917	30	10	potential	potential	NOUN
fsr-3917	30	11	of	of	ADP
fsr-3917	30	12	using	use	VERB
fsr-3917	30	13	a	a	DET
fsr-3917	30	14	risk	risk	NOUN
fsr-3917	30	15	premium	premium	NOUN
fsr-3917	30	16	to	to	PART
fsr-3917	30	17	track	track	VERB
fsr-3917	30	18	stocks	stock	NOUN
fsr-3917	30	19	.	.	PUNCT
fsr-3917	31	1	in	in	ADP
fsr-3917	31	2	addition	addition	NOUN
fsr-3917	31	3	,	,	PUNCT
fsr-3917	31	4	new	new	ADJ
fsr-3917	31	5	stock	stock	NOUN
fsr-3917	31	6	selection	selection	NOUN
fsr-3917	31	7	strategies	strategy	NOUN
fsr-3917	31	8	are	be	AUX
fsr-3917	31	9	not	not	PART
fsr-3917	31	10	hard	hard	ADJ
fsr-3917	31	11	to	to	PART
fsr-3917	31	12	find	find	VERB
fsr-3917	31	13	.	.	PUNCT
fsr-3917	32	1	badrinath	badrinath	NOUN
fsr-3917	32	2	and	and	CCONJ
fsr-3917	32	3	kini	kini	PROPN
fsr-3917	32	4	(	(	PUNCT
fsr-3917	32	5	1992	1992	NUM
fsr-3917	32	6	)	)	PUNCT
fsr-3917	32	7	show	show	VERB
fsr-3917	32	8	the	the	DET
fsr-3917	32	9	potential	potential	NOUN
fsr-3917	32	10	of	of	ADP
fsr-3917	32	11	constructing	construct	VERB
fsr-3917	32	12	portfolios	portfolio	NOUN
fsr-3917	32	13	from	from	ADP
fsr-3917	32	14	stocks	stock	NOUN
fsr-3917	32	15	selected	select	VERB
fsr-3917	32	16	on	on	ADP
fsr-3917	32	17	the	the	DET
fsr-3917	32	18	basis	basis	NOUN
fsr-3917	32	19	of	of	ADP
fsr-3917	32	20	capm	capm	PROPN
fsr-3917	32	21	anomaly	anomaly	PROPN
fsr-3917	32	22	variables	variable	NOUN
fsr-3917	32	23	,	,	PUNCT
fsr-3917	32	24	such	such	ADJ
fsr-3917	32	25	as	as	ADP
fsr-3917	32	26	firm	firm	ADJ
fsr-3917	32	27	size	size	NOUN
fsr-3917	32	28	,	,	PUNCT
fsr-3917	32	29	the	the	DET
fsr-3917	32	30	earnings	earning	NOUN
fsr-3917	32	31	-	-	PUNCT
fsr-3917	32	32	price	price	NOUN
fsr-3917	32	33	ratio	ratio	NOUN
fsr-3917	32	34	,	,	PUNCT
fsr-3917	32	35	and	and	CCONJ
fsr-3917	32	36	the	the	DET
fsr-3917	32	37	price	price	NOUN
fsr-3917	32	38	-	-	PUNCT
fsr-3917	32	39	book	book	NOUN
fsr-3917	32	40	ratio	ratio	NOUN
fsr-3917	32	41	.	.	PUNCT
fsr-3917	33	1	dennis	dennis	PROPN
fsr-3917	33	2	,	,	PUNCT
fsr-3917	33	3	perfect	perfect	ADJ
fsr-3917	33	4	,	,	PUNCT
fsr-3917	33	5	snow	snow	NOUN
fsr-3917	33	6	and	and	CCONJ
fsr-3917	33	7	wiles	wile	NOUN
fsr-3917	33	8	(	(	PUNCT
fsr-3917	33	9	1995	1995	NUM
fsr-3917	33	10	)	)	PUNCT
fsr-3917	33	11	uncover	uncover	VERB
fsr-3917	33	12	similar	similar	ADJ
fsr-3917	33	13	evidence	evidence	NOUN
fsr-3917	33	14	,	,	PUNCT
fsr-3917	33	15	while	while	SCONJ
fsr-3917	33	16	barbee	barbee	PROPN
fsr-3917	33	17	,	,	PUNCT
fsr-3917	33	18	mukherji	mukherji	PROPN
fsr-3917	33	19	and	and	CCONJ
fsr-3917	33	20	raines	raines	PROPN
fsr-3917	33	21	(	(	PUNCT
fsr-3917	33	22	1996	1996	NUM
fsr-3917	33	23	)	)	PUNCT
fsr-3917	33	24	offer	offer	VERB
fsr-3917	33	25	support	support	NOUN
fsr-3917	33	26	for	for	ADP
fsr-3917	33	27	the	the	DET
fsr-3917	33	28	sales	sale	NOUN
fsr-3917	33	29	-	-	PUNCT
fsr-3917	33	30	price	price	NOUN
fsr-3917	33	31	ratio	ratio	NOUN
fsr-3917	33	32	.	.	PUNCT
fsr-3917	34	1	herzberg	herzberg	PROPN
fsr-3917	34	2	(	(	PUNCT
fsr-3917	34	3	1998	1998	NUM
fsr-3917	34	4	)	)	PUNCT
fsr-3917	34	5	argues	argue	VERB
fsr-3917	34	6	that	that	SCONJ
fsr-3917	34	7	economic	economic	ADJ
fsr-3917	34	8	value	value	NOUN
fsr-3917	34	9	-	-	PUNCT
fsr-3917	34	10	added	add	VERB
fsr-3917	34	11	may	may	AUX
fsr-3917	34	12	be	be	AUX
fsr-3917	34	13	an	an	DET
fsr-3917	34	14	accurate	accurate	ADJ
fsr-3917	34	15	measure	measure	NOUN
fsr-3917	34	16	of	of	ADP
fsr-3917	34	17	a	a	DET
fsr-3917	34	18	firm	firm	NOUN
fsr-3917	34	19	’s	’s	PART
fsr-3917	34	20	ability	ability	NOUN
fsr-3917	34	21	to	to	PART
fsr-3917	34	22	generate	generate	VERB
fsr-3917	34	23	abnormal	abnormal	ADJ
fsr-3917	34	24	earnings	earning	NOUN
fsr-3917	34	25	.	.	PUNCT
fsr-3917	35	1	wong	wong	PROPN
fsr-3917	35	2	,	,	PUNCT
fsr-3917	35	3	wang	wang	PROPN
fsr-3917	35	4	,	,	PUNCT
fsr-3917	35	5	goh	goh	PROPN
fsr-3917	35	6	and	and	CCONJ
fsr-3917	35	7	quek	quek	PROPN
fsr-3917	35	8	(	(	PUNCT
fsr-3917	35	9	1992	1992	NUM
fsr-3917	35	10	)	)	PUNCT
fsr-3917	35	11	demonstrate	demonstrate	VERB
fsr-3917	35	12	the	the	DET
fsr-3917	35	13	potential	potential	NOUN
fsr-3917	35	14	of	of	ADP
fsr-3917	35	15	fuzzy	fuzzy	ADJ
fsr-3917	35	16	neural	neural	ADJ
fsr-3917	35	17	systems	system	NOUN
fsr-3917	35	18	for	for	ADP
fsr-3917	35	19	selecting	select	VERB
fsr-3917	35	20	stocks	stock	NOUN
fsr-3917	35	21	and	and	CCONJ
fsr-3917	35	22	forecasting	forecast	VERB
fsr-3917	35	23	market	market	NOUN
fsr-3917	35	24	returns	return	NOUN
fsr-3917	35	25	.	.	PUNCT
fsr-3917	36	1	additional	additional	ADJ
fsr-3917	36	2	support	support	NOUN
fsr-3917	36	3	for	for	ADP
fsr-3917	36	4	active	active	ADJ
fsr-3917	36	5	management	management	NOUN
fsr-3917	36	6	is	be	AUX
fsr-3917	36	7	found	find	VERB
fsr-3917	36	8	in	in	ADP
fsr-3917	36	9	the	the	DET
fsr-3917	36	10	mutual	mutual	ADJ
fsr-3917	36	11	fund	fund	NOUN
fsr-3917	36	12	literature	literature	NOUN
fsr-3917	36	13	.	.	PUNCT
fsr-3917	37	1	as	as	ADP
fsr-3917	37	2	evidence	evidence	NOUN
fsr-3917	37	3	,	,	PUNCT
fsr-3917	37	4	using	use	VERB
fsr-3917	37	5	an	an	DET
fsr-3917	37	6	optimal	optimal	ADJ
fsr-3917	37	7	weighting	weighting	NOUN
fsr-3917	37	8	method	method	NOUN
fsr-3917	37	9	based	base	VERB
fsr-3917	37	10	on	on	ADP
fsr-3917	37	11	modern	modern	ADJ
fsr-3917	37	12	portfolio	portfolio	NOUN
fsr-3917	37	13	theory	theory	NOUN
fsr-3917	37	14	,	,	PUNCT
fsr-3917	37	15	elton	elton	PROPN
fsr-3917	37	16	,	,	PUNCT
fsr-3917	37	17	gruber	gruber	PROPN
fsr-3917	37	18	and	and	CCONJ
fsr-3917	37	19	blake	blake	PROPN
fsr-3917	37	20	(	(	PUNCT
fsr-3917	37	21	1996	1996	NUM
fsr-3917	37	22	)	)	PUNCT
fsr-3917	37	23	find	find	VERB
fsr-3917	37	24	that	that	SCONJ
fsr-3917	37	25	historical	historical	ADJ
fsr-3917	37	26	risk	risk	NOUN
fsr-3917	37	27	-	-	PUNCT
fsr-3917	37	28	adjusted	adjust	VERB
fsr-3917	37	29	returns	return	NOUN
fsr-3917	37	30	for	for	ADP
fsr-3917	37	31	common	common	ADJ
fsr-3917	37	32	stock	stock	NOUN
fsr-3917	37	33	funds	fund	NOUN
fsr-3917	37	34	contain	contain	VERB
fsr-3917	37	35	predictive	predictive	ADJ
fsr-3917	37	36	power	power	NOUN
fsr-3917	37	37	for	for	ADP
fsr-3917	37	38	up	up	ADP
fsr-3917	37	39	to	to	PART
fsr-3917	37	40	three	three	NUM
fsr-3917	37	41	years	year	NOUN
fsr-3917	37	42	.	.	PUNCT
fsr-3917	38	1	volkman	volkman	NOUN
fsr-3917	38	2	and	and	CCONJ
fsr-3917	38	3	wohar	wohar	PROPN
fsr-3917	38	4	(	(	PUNCT
fsr-3917	38	5	1996	1996	NUM
fsr-3917	38	6	)	)	PUNCT
fsr-3917	38	7	also	also	ADV
fsr-3917	38	8	find	find	VERB
fsr-3917	38	9	evidence	evidence	NOUN
fsr-3917	38	10	of	of	ADP
fsr-3917	38	11	persistence	persistence	NOUN
fsr-3917	38	12	in	in	ADP
fsr-3917	38	13	mutual	mutual	ADJ
fsr-3917	38	14	fund	fund	NOUN
fsr-3917	38	15	performance	performance	NOUN
fsr-3917	38	16	.	.	PUNCT
fsr-3917	39	1	khorana	khorana	PROPN
fsr-3917	39	2	and	and	CCONJ
fsr-3917	39	3	nelling	nelle	VERB
fsr-3917	39	4	(	(	PUNCT
fsr-3917	39	5	1998	1998	NUM
fsr-3917	39	6	)	)	PUNCT
fsr-3917	39	7	show	show	VERB
fsr-3917	39	8	that	that	SCONJ
fsr-3917	39	9	morningstar	morningstar	PROPN
fsr-3917	39	10	’s	’s	PART
fsr-3917	39	11	rating	rating	NOUN
fsr-3917	39	12	system	system	NOUN
fsr-3917	39	13	provides	provide	VERB
fsr-3917	39	14	the	the	DET
fsr-3917	39	15	individual	individual	ADJ
fsr-3917	39	16	investor	investor	NOUN
fsr-3917	39	17	with	with	ADP
fsr-3917	39	18	valuable	valuable	ADJ
fsr-3917	39	19	information	information	NOUN
fsr-3917	39	20	about	about	ADP
fsr-3917	39	21	the	the	DET
fsr-3917	39	22	future	future	ADJ
fsr-3917	39	23	performance	performance	NOUN
fsr-3917	39	24	of	of	ADP
fsr-3917	39	25	mutual	mutual	ADJ
fsr-3917	39	26	funds	fund	NOUN
fsr-3917	39	27	.	.	PUNCT
fsr-3917	40	1	they	they	PRON
fsr-3917	40	2	discover	discover	VERB
fsr-3917	40	3	that	that	SCONJ
fsr-3917	40	4	higher	higher	ADV
fsr-3917	40	5	-	-	PUNCT
fsr-3917	40	6	rated	rate	VERB
fsr-3917	40	7	funds	fund	NOUN
fsr-3917	40	8	,	,	PUNCT
fsr-3917	40	9	such	such	ADJ
fsr-3917	40	10	as	as	ADP
fsr-3917	40	11	those	those	DET
fsr-3917	40	12	146	146	NUM
fsr-3917	40	13	a.l	a.l	PROPN
fsr-3917	40	14	.	.	PROPN
fsr-3917	40	15	loviscek	loviscek	PROPN
fsr-3917	40	16	,	,	PUNCT
fsr-3917	40	17	w.j	w.j	PROPN
fsr-3917	40	18	.	.	PROPN
fsr-3917	40	19	jordan	jordan	PROPN
fsr-3917	40	20	/	/	SYM
fsr-3917	40	21	financial	financial	ADJ
fsr-3917	40	22	services	service	NOUN
fsr-3917	40	23	review	review	VERB
fsr-3917	40	24	9	9	NUM
fsr-3917	40	25	(	(	PUNCT
fsr-3917	40	26	2000	2000	NUM
fsr-3917	40	27	)	)	PUNCT
fsr-3917	40	28	145–157	145–157	NUM
fsr-3917	40	29	with	with	ADP
fsr-3917	40	30	four	four	NUM
fsr-3917	40	31	and	and	CCONJ
fsr-3917	40	32	five	five	NUM
fsr-3917	40	33	stars	star	NOUN
fsr-3917	40	34	,	,	PUNCT
fsr-3917	40	35	tend	tend	VERB
fsr-3917	40	36	to	to	PART
fsr-3917	40	37	have	have	VERB
fsr-3917	40	38	a	a	DET
fsr-3917	40	39	higher	high	ADJ
fsr-3917	40	40	risk	risk	NOUN
fsr-3917	40	41	-	-	PUNCT
fsr-3917	40	42	adjusted	adjust	VERB
fsr-3917	40	43	performance	performance	NOUN
fsr-3917	40	44	,	,	PUNCT
fsr-3917	40	45	and	and	CCONJ
fsr-3917	40	46	one	one	NOUN
fsr-3917	40	47	that	that	PRON
fsr-3917	40	48	persists	persist	VERB
fsr-3917	40	49	for	for	ADP
fsr-3917	40	50	several	several	ADJ
fsr-3917	40	51	years	year	NOUN
fsr-3917	40	52	.	.	PUNCT
fsr-3917	41	1	khorana	khorana	PROPN
fsr-3917	41	2	and	and	CCONJ
fsr-3917	41	3	nelling	nelle	VERB
fsr-3917	41	4	’s	’s	PART
fsr-3917	41	5	study	study	NOUN
fsr-3917	41	6	is	be	AUX
fsr-3917	41	7	instructive	instructive	ADJ
fsr-3917	41	8	in	in	ADP
fsr-3917	41	9	at	at	ADV
fsr-3917	41	10	least	least	ADV
fsr-3917	41	11	one	one	NUM
fsr-3917	41	12	more	more	ADJ
fsr-3917	41	13	way	way	NOUN
fsr-3917	41	14	.	.	PUNCT
fsr-3917	42	1	it	it	PRON
fsr-3917	42	2	provides	provide	VERB
fsr-3917	42	3	further	further	ADJ
fsr-3917	42	4	justification	justification	NOUN
fsr-3917	42	5	for	for	ADP
fsr-3917	42	6	advertisements	advertisement	NOUN
fsr-3917	42	7	and	and	CCONJ
fsr-3917	42	8	media	medium	NOUN
fsr-3917	42	9	reports	report	NOUN
fsr-3917	42	10	that	that	PRON
fsr-3917	42	11	highlight	highlight	VERB
fsr-3917	42	12	five	five	NUM
fsr-3917	42	13	-	-	PUNCT
fsr-3917	42	14	star	star	NOUN
fsr-3917	42	15	funds	fund	NOUN
fsr-3917	42	16	.	.	PUNCT
fsr-3917	43	1	often	often	ADV
fsr-3917	43	2	included	include	VERB
fsr-3917	43	3	in	in	ADP
fsr-3917	43	4	these	these	DET
fsr-3917	43	5	advertisements	advertisement	NOUN
fsr-3917	43	6	and	and	CCONJ
fsr-3917	43	7	reports	report	NOUN
fsr-3917	43	8	are	be	AUX
fsr-3917	43	9	the	the	DET
fsr-3917	43	10	respective	respective	ADJ
fsr-3917	43	11	track	track	NOUN
fsr-3917	43	12	records	record	NOUN
fsr-3917	43	13	of	of	ADP
fsr-3917	43	14	the	the	DET
fsr-3917	43	15	funds	fund	NOUN
fsr-3917	43	16	and	and	CCONJ
fsr-3917	43	17	their	their	PRON
fsr-3917	43	18	top	top	ADJ
fsr-3917	43	19	holdings	holding	NOUN
fsr-3917	43	20	.	.	PUNCT
fsr-3917	44	1	oliver	oliver	PROPN
fsr-3917	44	2	(	(	PUNCT
fsr-3917	44	3	1992	1992	NUM
fsr-3917	44	4	)	)	PUNCT
fsr-3917	44	5	,	,	PUNCT
fsr-3917	44	6	in	in	ADP
fsr-3917	44	7	fact	fact	NOUN
fsr-3917	44	8	,	,	PUNCT
fsr-3917	44	9	states	state	VERB
fsr-3917	44	10	that	that	SCONJ
fsr-3917	44	11	some	some	DET
fsr-3917	44	12	investors	investor	NOUN
fsr-3917	44	13	construct	construct	VERB
fsr-3917	44	14	portfolios	portfolio	NOUN
fsr-3917	44	15	by	by	ADP
fsr-3917	44	16	selecting	select	VERB
fsr-3917	44	17	stocks	stock	NOUN
fsr-3917	44	18	from	from	ADP
fsr-3917	44	19	the	the	DET
fsr-3917	44	20	published	publish	VERB
fsr-3917	44	21	holdings	holding	NOUN
fsr-3917	44	22	in	in	ADP
fsr-3917	44	23	these	these	DET
fsr-3917	44	24	highly	highly	ADV
fsr-3917	44	25	rated	rate	VERB
fsr-3917	44	26	funds	fund	NOUN
fsr-3917	44	27	.	.	PUNCT
fsr-3917	45	1	the	the	DET
fsr-3917	45	2	appeal	appeal	NOUN
fsr-3917	45	3	of	of	ADP
fsr-3917	45	4	this	this	DET
fsr-3917	45	5	selection	selection	NOUN
fsr-3917	45	6	strategy	strategy	NOUN
fsr-3917	45	7	for	for	ADP
fsr-3917	45	8	the	the	DET
fsr-3917	45	9	individual	individual	ADJ
fsr-3917	45	10	investor	investor	NOUN
fsr-3917	45	11	is	be	AUX
fsr-3917	45	12	seen	see	VERB
fsr-3917	45	13	not	not	PART
fsr-3917	45	14	only	only	ADV
fsr-3917	45	15	in	in	ADP
fsr-3917	45	16	its	its	PRON
fsr-3917	45	17	ease	ease	NOUN
fsr-3917	45	18	of	of	ADP
fsr-3917	45	19	implementation	implementation	NOUN
fsr-3917	45	20	,	,	PUNCT
fsr-3917	45	21	but	but	CCONJ
fsr-3917	45	22	also	also	ADV
fsr-3917	45	23	in	in	ADP
fsr-3917	45	24	the	the	DET
fsr-3917	45	25	fact	fact	NOUN
fsr-3917	45	26	that	that	SCONJ
fsr-3917	45	27	the	the	DET
fsr-3917	45	28	portfolio	portfolio	NOUN
fsr-3917	45	29	manager	manager	NOUN
fsr-3917	45	30	has	have	AUX
fsr-3917	45	31	actually	actually	ADV
fsr-3917	45	32	purchased	purchase	VERB
fsr-3917	45	33	the	the	DET
fsr-3917	45	34	stocks	stock	NOUN
fsr-3917	45	35	(	(	PUNCT
fsr-3917	45	36	as	as	SCONJ
fsr-3917	45	37	opposed	oppose	VERB
fsr-3917	45	38	to	to	ADP
fsr-3917	45	39	the	the	DET
fsr-3917	45	40	individual	individual	ADJ
fsr-3917	45	41	investor	investor	NOUN
fsr-3917	45	42	selecting	select	VERB
fsr-3917	45	43	stocks	stock	NOUN
fsr-3917	45	44	based	base	VERB
fsr-3917	45	45	only	only	ADV
fsr-3917	45	46	on	on	ADV
fsr-3917	45	47	,	,	PUNCT
fsr-3917	45	48	for	for	ADP
fsr-3917	45	49	example	example	NOUN
fsr-3917	45	50	,	,	PUNCT
fsr-3917	45	51	an	an	DET
fsr-3917	45	52	analyst	analyst	NOUN
fsr-3917	45	53	’s	’s	PART
fsr-3917	45	54	recommendation	recommendation	NOUN
fsr-3917	45	55	)	)	PUNCT
fsr-3917	45	56	.	.	PUNCT
fsr-3917	46	1	in	in	ADP
fsr-3917	46	2	summary	summary	NOUN
fsr-3917	46	3	,	,	PUNCT
fsr-3917	46	4	although	although	SCONJ
fsr-3917	46	5	the	the	DET
fsr-3917	46	6	evidence	evidence	NOUN
fsr-3917	46	7	on	on	ADP
fsr-3917	46	8	the	the	DET
fsr-3917	46	9	efficacy	efficacy	NOUN
fsr-3917	46	10	of	of	ADP
fsr-3917	46	11	stock	stock	NOUN
fsr-3917	46	12	selection	selection	NOUN
fsr-3917	46	13	strategies	strategy	NOUN
fsr-3917	46	14	,	,	PUNCT
fsr-3917	46	15	and	and	CCONJ
fsr-3917	46	16	in	in	ADP
fsr-3917	46	17	turn	turn	NOUN
fsr-3917	46	18	active	active	ADJ
fsr-3917	46	19	stock	stock	NOUN
fsr-3917	46	20	portfolio	portfolio	NOUN
fsr-3917	46	21	management	management	NOUN
fsr-3917	46	22	,	,	PUNCT
fsr-3917	46	23	has	have	AUX
fsr-3917	46	24	often	often	ADV
fsr-3917	46	25	been	be	AUX
fsr-3917	46	26	found	find	VERB
fsr-3917	46	27	wanting	want	VERB
fsr-3917	46	28	,	,	PUNCT
fsr-3917	46	29	there	there	PRON
fsr-3917	46	30	is	be	VERB
fsr-3917	46	31	emerging	emerge	VERB
fsr-3917	46	32	evidence	evidence	NOUN
fsr-3917	46	33	that	that	SCONJ
fsr-3917	46	34	some	some	DET
fsr-3917	46	35	stock	stock	NOUN
fsr-3917	46	36	selection	selection	NOUN
fsr-3917	46	37	strategies	strategy	NOUN
fsr-3917	46	38	may	may	AUX
fsr-3917	46	39	be	be	AUX
fsr-3917	46	40	able	able	ADJ
fsr-3917	46	41	to	to	PART
fsr-3917	46	42	help	help	VERB
fsr-3917	46	43	the	the	DET
fsr-3917	46	44	individual	individual	ADJ
fsr-3917	46	45	investor	investor	NOUN
fsr-3917	46	46	outperform	outperform	VERB
fsr-3917	46	47	broad	broad	ADJ
fsr-3917	46	48	market	market	NOUN
fsr-3917	46	49	indices	index	NOUN
fsr-3917	46	50	.	.	PUNCT
fsr-3917	47	1	this	this	DET
fsr-3917	47	2	study	study	NOUN
fsr-3917	47	3	tests	test	VERB
fsr-3917	47	4	one	one	NUM
fsr-3917	47	5	such	such	ADJ
fsr-3917	47	6	strategy	strategy	NOUN
fsr-3917	47	7	.	.	PUNCT
fsr-3917	48	1	guided	guide	VERB
fsr-3917	48	2	by	by	ADP
fsr-3917	48	3	the	the	DET
fsr-3917	48	4	application	application	NOUN
fsr-3917	48	5	of	of	ADP
fsr-3917	48	6	modern	modern	ADJ
fsr-3917	48	7	portfolio	portfolio	NOUN
fsr-3917	48	8	theory	theory	NOUN
fsr-3917	48	9	used	use	VERB
fsr-3917	48	10	by	by	ADP
fsr-3917	48	11	elton	elton	PROPN
fsr-3917	48	12	,	,	PUNCT
fsr-3917	48	13	gruber	gruber	PROPN
fsr-3917	48	14	and	and	CCONJ
fsr-3917	48	15	blake	blake	PROPN
fsr-3917	48	16	(	(	PUNCT
fsr-3917	48	17	1996	1996	NUM
fsr-3917	48	18	)	)	PUNCT
fsr-3917	48	19	,	,	PUNCT
fsr-3917	48	20	the	the	DET
fsr-3917	48	21	findings	finding	NOUN
fsr-3917	48	22	of	of	ADP
fsr-3917	48	23	khorana	khorana	PROPN
fsr-3917	48	24	and	and	CCONJ
fsr-3917	48	25	nelling	nelle	VERB
fsr-3917	48	26	(	(	PUNCT
fsr-3917	48	27	1998	1998	NUM
fsr-3917	48	28	)	)	PUNCT
fsr-3917	48	29	,	,	PUNCT
fsr-3917	48	30	and	and	CCONJ
fsr-3917	48	31	the	the	DET
fsr-3917	48	32	observation	observation	NOUN
fsr-3917	48	33	by	by	ADP
fsr-3917	48	34	oliver	oliver	PROPN
fsr-3917	48	35	(	(	PUNCT
fsr-3917	48	36	1992	1992	NUM
fsr-3917	48	37	)	)	PUNCT
fsr-3917	48	38	,	,	PUNCT
fsr-3917	48	39	it	it	PRON
fsr-3917	48	40	tests	test	VERB
fsr-3917	48	41	the	the	DET
fsr-3917	48	42	efficacy	efficacy	NOUN
fsr-3917	48	43	of	of	ADP
fsr-3917	48	44	building	build	VERB
fsr-3917	48	45	stock	stock	NOUN
fsr-3917	48	46	portfolios	portfolio	NOUN
fsr-3917	48	47	from	from	ADP
fsr-3917	48	48	the	the	DET
fsr-3917	48	49	top	top	ADJ
fsr-3917	48	50	holdings	holding	NOUN
fsr-3917	48	51	in	in	ADP
fsr-3917	48	52	morningstar	morningstar	PROPN
fsr-3917	48	53	’s	’s	PART
fsr-3917	48	54	highest	highest	ADV
fsr-3917	48	55	-	-	PUNCT
fsr-3917	48	56	rated	rate	VERB
fsr-3917	48	57	general	general	ADJ
fsr-3917	48	58	equity	equity	NOUN
fsr-3917	48	59	mutual	mutual	ADJ
fsr-3917	48	60	funds	fund	NOUN
fsr-3917	48	61	.	.	PUNCT
fsr-3917	49	1	the	the	DET
fsr-3917	49	2	issue	issue	NOUN
fsr-3917	49	3	is	be	AUX
fsr-3917	49	4	whether	whether	SCONJ
fsr-3917	49	5	or	or	CCONJ
fsr-3917	49	6	not	not	PART
fsr-3917	49	7	these	these	DET
fsr-3917	49	8	portfolios	portfolio	NOUN
fsr-3917	49	9	can	can	AUX
fsr-3917	49	10	help	help	VERB
fsr-3917	49	11	the	the	DET
fsr-3917	49	12	individual	individual	ADJ
fsr-3917	49	13	investor	investor	NOUN
fsr-3917	49	14	outperform	outperform	VERB
fsr-3917	49	15	a	a	DET
fsr-3917	49	16	broad	broad	ADJ
fsr-3917	49	17	index	index	NOUN
fsr-3917	49	18	of	of	ADP
fsr-3917	49	19	the	the	DET
fsr-3917	49	20	u.s	u.s	PROPN
fsr-3917	49	21	.	.	PROPN
fsr-3917	49	22	stock	stock	NOUN
fsr-3917	49	23	market	market	NOUN
fsr-3917	49	24	.	.	PUNCT
fsr-3917	50	1	the	the	DET
fsr-3917	50	2	hypothesis	hypothesis	NOUN
fsr-3917	50	3	under	under	ADP
fsr-3917	50	4	test	test	NOUN
fsr-3917	50	5	is	be	AUX
fsr-3917	50	6	that	that	SCONJ
fsr-3917	50	7	the	the	DET
fsr-3917	50	8	portfolios	portfolio	NOUN
fsr-3917	50	9	constructed	construct	VERB
fsr-3917	50	10	from	from	ADP
fsr-3917	50	11	these	these	DET
fsr-3917	50	12	highest	highest	ADV
fsr-3917	50	13	-	-	PUNCT
fsr-3917	50	14	rated	rate	VERB
fsr-3917	50	15	funds	fund	NOUN
fsr-3917	50	16	will	will	AUX
fsr-3917	50	17	not	not	PART
fsr-3917	50	18	systematically	systematically	ADV
fsr-3917	50	19	offer	offer	VERB
fsr-3917	50	20	a	a	DET
fsr-3917	50	21	risk	risk	NOUN
fsr-3917	50	22	-	-	PUNCT
fsr-3917	50	23	adjusted	adjust	VERB
fsr-3917	50	24	performance	performance	NOUN
fsr-3917	50	25	that	that	PRON
fsr-3917	50	26	exceeds	exceed	VERB
fsr-3917	50	27	that	that	PRON
fsr-3917	50	28	of	of	ADP
fsr-3917	50	29	the	the	DET
fsr-3917	50	30	broad	broad	ADJ
fsr-3917	50	31	domestic	domestic	ADJ
fsr-3917	50	32	market	market	NOUN
fsr-3917	50	33	.	.	PUNCT
fsr-3917	51	1	as	as	ADP
fsr-3917	51	2	part	part	NOUN
fsr-3917	51	3	of	of	ADP
fsr-3917	51	4	the	the	DET
fsr-3917	51	5	test	test	NOUN
fsr-3917	51	6	,	,	PUNCT
fsr-3917	51	7	and	and	CCONJ
fsr-3917	51	8	in	in	ADP
fsr-3917	51	9	line	line	NOUN
fsr-3917	51	10	with	with	ADP
fsr-3917	51	11	barber	barber	NOUN
fsr-3917	51	12	and	and	CCONJ
fsr-3917	51	13	odean	odean	ADJ
fsr-3917	51	14	(	(	PUNCT
fsr-3917	51	15	1999	1999	NUM
fsr-3917	51	16	)	)	PUNCT
fsr-3917	51	17	and	and	CCONJ
fsr-3917	51	18	odean	odean	ADJ
fsr-3917	51	19	(	(	PUNCT
fsr-3917	51	20	1999	1999	NUM
fsr-3917	51	21	)	)	PUNCT
fsr-3917	51	22	that	that	SCONJ
fsr-3917	51	23	the	the	DET
fsr-3917	51	24	individual	individual	ADJ
fsr-3917	51	25	investor	investor	NOUN
fsr-3917	51	26	should	should	AUX
fsr-3917	51	27	avoid	avoid	VERB
fsr-3917	51	28	frequent	frequent	ADJ
fsr-3917	51	29	trading	trading	NOUN
fsr-3917	51	30	,	,	PUNCT
fsr-3917	51	31	we	we	PRON
fsr-3917	51	32	test	test	VERB
fsr-3917	51	33	the	the	DET
fsr-3917	51	34	risk	risk	NOUN
fsr-3917	51	35	-	-	PUNCT
fsr-3917	51	36	adjusted	adjust	VERB
fsr-3917	51	37	performance	performance	NOUN
fsr-3917	51	38	of	of	ADP
fsr-3917	51	39	the	the	DET
fsr-3917	51	40	portfolios	portfolio	NOUN
fsr-3917	51	41	using	use	VERB
fsr-3917	51	42	a	a	DET
fsr-3917	51	43	series	series	NOUN
fsr-3917	51	44	ofex	ofex	NOUN
fsr-3917	51	45	anteone	anteone	NOUN
fsr-3917	51	46	-	-	PUNCT
fsr-3917	51	47	to	to	ADP
fsr-3917	51	48	-	-	PUNCT
fsr-3917	51	49	five	five	NUM
fsr-3917	51	50	year	year	NOUN
fsr-3917	51	51	buy	buy	NOUN
fsr-3917	51	52	-	-	PUNCT
fsr-3917	51	53	and	and	CCONJ
fsr-3917	51	54	-	-	PUNCT
fsr-3917	51	55	hold	hold	NOUN
fsr-3917	51	56	strategies	strategy	NOUN
fsr-3917	51	57	.	.	PUNCT
fsr-3917	52	1	the	the	DET
fsr-3917	52	2	analysis	analysis	NOUN
fsr-3917	52	3	is	be	AUX
fsr-3917	52	4	conducted	conduct	VERB
fsr-3917	52	5	as	as	SCONJ
fsr-3917	52	6	follows	follow	VERB
fsr-3917	52	7	:	:	PUNCT
fsr-3917	52	8	(	(	PUNCT
fsr-3917	52	9	a	a	X
fsr-3917	52	10	)	)	PUNCT
fsr-3917	52	11	the	the	DET
fsr-3917	52	12	selection	selection	NOUN
fsr-3917	52	13	of	of	ADP
fsr-3917	52	14	the	the	DET
fsr-3917	52	15	top	top	ADJ
fsr-3917	52	16	stocks	stock	NOUN
fsr-3917	52	17	from	from	ADP
fsr-3917	52	18	morningstar	morningstar	PROPN
fsr-3917	52	19	’s	’s	PART
fsr-3917	52	20	highest	highest	ADV
fsr-3917	52	21	-	-	PUNCT
fsr-3917	52	22	rated	rate	VERB
fsr-3917	52	23	funds	fund	NOUN
fsr-3917	52	24	;	;	PUNCT
fsr-3917	52	25	(	(	PUNCT
fsr-3917	52	26	b	b	X
fsr-3917	52	27	)	)	PUNCT
fsr-3917	52	28	the	the	DET
fsr-3917	52	29	application	application	NOUN
fsr-3917	52	30	of	of	ADP
fsr-3917	52	31	an	an	DET
fsr-3917	52	32	optimal	optimal	ADJ
fsr-3917	52	33	portfolio	portfolio	NOUN
fsr-3917	52	34	construction	construction	NOUN
fsr-3917	52	35	approach	approach	NOUN
fsr-3917	52	36	to	to	ADP
fsr-3917	52	37	these	these	DET
fsr-3917	52	38	selections	selection	NOUN
fsr-3917	52	39	;	;	PUNCT
fsr-3917	52	40	and	and	CCONJ
fsr-3917	52	41	(	(	PUNCT
fsr-3917	52	42	c	c	X
fsr-3917	52	43	)	)	PUNCT
fsr-3917	52	44	the	the	DET
fsr-3917	52	45	drawing	drawing	NOUN
fsr-3917	52	46	of	of	ADP
fsr-3917	52	47	inferences	inference	NOUN
fsr-3917	52	48	from	from	ADP
fsr-3917	52	49	theex	theex	NOUN
fsr-3917	52	50	antetests	antetest	NOUN
fsr-3917	52	51	.	.	PUNCT
fsr-3917	53	1	2	2	X
fsr-3917	53	2	.	.	X
fsr-3917	53	3	stock	stock	NOUN
fsr-3917	53	4	selection	selection	NOUN
fsr-3917	53	5	and	and	CCONJ
fsr-3917	53	6	data	data	PROPN
fsr-3917	53	7	morningstar	morningstar	PROPN
fsr-3917	53	8	’s	’s	PART
fsr-3917	53	9	ten	ten	NUM
fsr-3917	53	10	-	-	PUNCT
fsr-3917	53	11	year	year	NOUN
fsr-3917	53	12	,	,	PUNCT
fsr-3917	53	13	five	five	NUM
fsr-3917	53	14	-	-	PUNCT
fsr-3917	53	15	star	star	NOUN
fsr-3917	53	16	,	,	PUNCT
fsr-3917	53	17	general	general	ADJ
fsr-3917	53	18	equity	equity	NOUN
fsr-3917	53	19	mutual	mutual	ADJ
fsr-3917	53	20	funds	fund	NOUN
fsr-3917	53	21	serve	serve	VERB
fsr-3917	53	22	as	as	ADP
fsr-3917	53	23	the	the	DET
fsr-3917	53	24	source	source	NOUN
fsr-3917	53	25	for	for	ADP
fsr-3917	53	26	our	our	PRON
fsr-3917	53	27	stock	stock	NOUN
fsr-3917	53	28	selection	selection	NOUN
fsr-3917	53	29	.	.	PUNCT
fsr-3917	54	1	this	this	PRON
fsr-3917	54	2	is	be	AUX
fsr-3917	54	3	the	the	DET
fsr-3917	54	4	company	company	NOUN
fsr-3917	54	5	’s	’s	PART
fsr-3917	54	6	highest	high	ADJ
fsr-3917	54	7	rating	rating	NOUN
fsr-3917	54	8	and	and	CCONJ
fsr-3917	54	9	is	be	AUX
fsr-3917	54	10	one	one	NUM
fsr-3917	54	11	that	that	PRON
fsr-3917	54	12	it	it	PRON
fsr-3917	54	13	has	have	AUX
fsr-3917	54	14	typically	typically	ADV
fsr-3917	54	15	awarded	award	VERB
fsr-3917	54	16	to	to	ADP
fsr-3917	54	17	only	only	ADV
fsr-3917	54	18	about	about	ADV
fsr-3917	54	19	2	2	NUM
fsr-3917	54	20	%	%	NOUN
fsr-3917	54	21	of	of	ADP
fsr-3917	54	22	the	the	DET
fsr-3917	54	23	approximately	approximately	ADV
fsr-3917	54	24	2,000	2,000	NUM
fsr-3917	54	25	mutual	mutual	ADJ
fsr-3917	54	26	funds	fund	NOUN
fsr-3917	54	27	that	that	PRON
fsr-3917	54	28	it	it	PRON
fsr-3917	54	29	evaluates	evaluate	VERB
fsr-3917	54	30	.	.	PUNCT
fsr-3917	55	1	if	if	SCONJ
fsr-3917	55	2	elton	elton	PROPN
fsr-3917	55	3	,	,	PUNCT
fsr-3917	55	4	gruber	gruber	PROPN
fsr-3917	55	5	and	and	CCONJ
fsr-3917	55	6	blake	blake	PROPN
fsr-3917	55	7	(	(	PUNCT
fsr-3917	55	8	1996	1996	NUM
fsr-3917	55	9	)	)	PUNCT
fsr-3917	55	10	and	and	CCONJ
fsr-3917	55	11	khorana	khorana	PROPN
fsr-3917	55	12	and	and	CCONJ
fsr-3917	55	13	nelling	nelle	VERB
fsr-3917	55	14	(	(	PUNCT
fsr-3917	55	15	1998	1998	NUM
fsr-3917	55	16	)	)	PUNCT
fsr-3917	55	17	are	be	AUX
fsr-3917	55	18	right	right	ADJ
fsr-3917	55	19	,	,	PUNCT
fsr-3917	55	20	then	then	ADV
fsr-3917	55	21	it	it	PRON
fsr-3917	55	22	should	should	AUX
fsr-3917	55	23	be	be	AUX
fsr-3917	55	24	the	the	DET
fsr-3917	55	25	case	case	NOUN
fsr-3917	55	26	that	that	SCONJ
fsr-3917	55	27	the	the	DET
fsr-3917	55	28	application	application	NOUN
fsr-3917	55	29	of	of	ADP
fsr-3917	55	30	modern	modern	ADJ
fsr-3917	55	31	portfolio	portfolio	NOUN
fsr-3917	55	32	theory	theory	NOUN
fsr-3917	55	33	to	to	ADP
fsr-3917	55	34	the	the	DET
fsr-3917	55	35	top	top	ADJ
fsr-3917	55	36	holdings	holding	NOUN
fsr-3917	55	37	of	of	ADP
fsr-3917	55	38	the	the	DET
fsr-3917	55	39	ten	ten	NUM
fsr-3917	55	40	-	-	PUNCT
fsr-3917	55	41	year	year	NOUN
fsr-3917	55	42	,	,	PUNCT
fsr-3917	55	43	five	five	NUM
fsr-3917	55	44	-	-	PUNCT
fsr-3917	55	45	star	star	NOUN
fsr-3917	55	46	funds	fund	NOUN
fsr-3917	55	47	stands	stand	VERB
fsr-3917	55	48	the	the	DET
fsr-3917	55	49	best	good	ADJ
fsr-3917	55	50	chance	chance	NOUN
fsr-3917	55	51	of	of	ADP
fsr-3917	55	52	outperforming	outperform	VERB
fsr-3917	55	53	a	a	DET
fsr-3917	55	54	broad	broad	ADJ
fsr-3917	55	55	market	market	NOUN
fsr-3917	55	56	index	index	NOUN
fsr-3917	55	57	.	.	PUNCT
fsr-3917	56	1	the	the	DET
fsr-3917	56	2	index	index	NOUN
fsr-3917	56	3	used	use	VERB
fsr-3917	56	4	in	in	ADP
fsr-3917	56	5	this	this	DET
fsr-3917	56	6	study	study	NOUN
fsr-3917	56	7	is	be	AUX
fsr-3917	56	8	the	the	DET
fsr-3917	56	9	s&p	s&p	PROPN
fsr-3917	56	10	500	500	NUM
fsr-3917	56	11	,	,	PUNCT
fsr-3917	56	12	a	a	DET
fsr-3917	56	13	standard	standard	ADJ
fsr-3917	56	14	benchmark	benchmark	NOUN
fsr-3917	56	15	used	use	VERB
fsr-3917	56	16	to	to	PART
fsr-3917	56	17	assess	assess	VERB
fsr-3917	56	18	portfolio	portfolio	NOUN
fsr-3917	56	19	performance	performance	NOUN
fsr-3917	56	20	.	.	PUNCT
fsr-3917	57	1	to	to	PART
fsr-3917	57	2	construct	construct	VERB
fsr-3917	57	3	the	the	DET
fsr-3917	57	4	portfolios	portfolio	NOUN
fsr-3917	57	5	,	,	PUNCT
fsr-3917	57	6	we	we	PRON
fsr-3917	57	7	begin	begin	VERB
fsr-3917	57	8	by	by	ADP
fsr-3917	57	9	selecting	select	VERB
fsr-3917	57	10	the	the	DET
fsr-3917	57	11	top	top	ADJ
fsr-3917	57	12	five	five	NUM
fsr-3917	57	13	holdings	holding	NOUN
fsr-3917	57	14	(	(	PUNCT
fsr-3917	57	15	i.e.	i.e.	X
fsr-3917	57	16	,	,	PUNCT
fsr-3917	57	17	stocks	stock	NOUN
fsr-3917	57	18	that	that	PRON
fsr-3917	57	19	have	have	VERB
fsr-3917	57	20	the	the	DET
fsr-3917	57	21	largest	large	ADJ
fsr-3917	57	22	percentage	percentage	NOUN
fsr-3917	57	23	of	of	ADP
fsr-3917	57	24	a	a	DET
fsr-3917	57	25	fund	fund	NOUN
fsr-3917	57	26	’s	’s	PART
fsr-3917	57	27	total	total	ADJ
fsr-3917	57	28	assets	asset	NOUN
fsr-3917	57	29	)	)	PUNCT
fsr-3917	57	30	in	in	ADP
fsr-3917	57	31	each	each	DET
fsr-3917	57	32	ten	ten	NUM
fsr-3917	57	33	-	-	PUNCT
fsr-3917	57	34	year	year	NOUN
fsr-3917	57	35	,	,	PUNCT
fsr-3917	57	36	five	five	NUM
fsr-3917	57	37	-	-	PUNCT
fsr-3917	57	38	star	star	NOUN
fsr-3917	57	39	fund	fund	NOUN
fsr-3917	57	40	for	for	ADP
fsr-3917	57	41	the	the	DET
fsr-3917	57	42	years	year	NOUN
fsr-3917	57	43	1989	1989	NUM
fsr-3917	57	44	through	through	ADP
fsr-3917	57	45	1993	1993	NUM
fsr-3917	57	46	.	.	PUNCT
fsr-3917	58	1	the	the	DET
fsr-3917	58	2	reasons	reason	NOUN
fsr-3917	58	3	for	for	ADP
fsr-3917	58	4	using	use	VERB
fsr-3917	58	5	the	the	DET
fsr-3917	58	6	top	top	ADJ
fsr-3917	58	7	five	five	NUM
fsr-3917	58	8	are	be	AUX
fsr-3917	58	9	threefold	threefold	VERB
fsr-3917	58	10	.	.	PUNCT
fsr-3917	59	1	first	first	ADV
fsr-3917	59	2	,	,	PUNCT
fsr-3917	59	3	not	not	PART
fsr-3917	59	4	only	only	ADV
fsr-3917	59	5	are	be	AUX
fsr-3917	59	6	these	these	DET
fsr-3917	59	7	holdings	holding	NOUN
fsr-3917	59	8	easily	easily	ADV
fsr-3917	59	9	identified	identify	VERB
fsr-3917	59	10	,	,	PUNCT
fsr-3917	59	11	but	but	CCONJ
fsr-3917	59	12	they	they	PRON
fsr-3917	59	13	also	also	ADV
fsr-3917	59	14	represent	represent	VERB
fsr-3917	59	15	the	the	DET
fsr-3917	59	16	fund	fund	NOUN
fsr-3917	59	17	manager	manager	NOUN
fsr-3917	59	18	’s	’s	PART
fsr-3917	59	19	top	top	ADJ
fsr-3917	59	20	selections	selection	NOUN
fsr-3917	59	21	.	.	PUNCT
fsr-3917	60	1	147a.l	147a.l	NUM
fsr-3917	60	2	.	.	PUNCT
fsr-3917	61	1	loviscek	loviscek	NOUN
fsr-3917	61	2	,	,	PUNCT
fsr-3917	61	3	w.j	w.j	PROPN
fsr-3917	61	4	.	.	PROPN
fsr-3917	61	5	jordan	jordan	PROPN
fsr-3917	61	6	/	/	SYM
fsr-3917	61	7	financial	financial	ADJ
fsr-3917	61	8	services	service	NOUN
fsr-3917	61	9	review	review	VERB
fsr-3917	61	10	9	9	NUM
fsr-3917	61	11	(	(	PUNCT
fsr-3917	61	12	2000	2000	NUM
fsr-3917	61	13	)	)	PUNCT
fsr-3917	61	14	145–157	145–157	NUM
fsr-3917	61	15	second	second	ADJ
fsr-3917	61	16	,	,	PUNCT
fsr-3917	61	17	by	by	ADP
fsr-3917	61	18	order	order	NOUN
fsr-3917	61	19	of	of	ADP
fsr-3917	61	20	weight	weight	NOUN
fsr-3917	61	21	,	,	PUNCT
fsr-3917	61	22	these	these	DET
fsr-3917	61	23	holdings	holding	NOUN
fsr-3917	61	24	have	have	VERB
fsr-3917	61	25	the	the	DET
fsr-3917	61	26	largest	large	ADJ
fsr-3917	61	27	impact	impact	NOUN
fsr-3917	61	28	on	on	ADP
fsr-3917	61	29	a	a	DET
fsr-3917	61	30	mutual	mutual	ADJ
fsr-3917	61	31	fund	fund	NOUN
fsr-3917	61	32	’s	’s	PART
fsr-3917	61	33	performance	performance	NOUN
fsr-3917	61	34	.	.	PUNCT
fsr-3917	62	1	third	third	ADJ
fsr-3917	62	2	,	,	PUNCT
fsr-3917	62	3	anything	anything	PRON
fsr-3917	62	4	other	other	ADJ
fsr-3917	62	5	than	than	ADP
fsr-3917	62	6	a	a	DET
fsr-3917	62	7	small	small	ADJ
fsr-3917	62	8	number	number	NOUN
fsr-3917	62	9	of	of	ADP
fsr-3917	62	10	stocks	stock	NOUN
fsr-3917	62	11	selected	select	VERB
fsr-3917	62	12	from	from	ADP
fsr-3917	62	13	each	each	DET
fsr-3917	62	14	fund	fund	NOUN
fsr-3917	62	15	makes	make	VERB
fsr-3917	62	16	the	the	DET
fsr-3917	62	17	analysis	analysis	NOUN
fsr-3917	62	18	unmanageable	unmanageable	ADJ
fsr-3917	62	19	for	for	ADP
fsr-3917	62	20	the	the	DET
fsr-3917	62	21	individual	individual	ADJ
fsr-3917	62	22	investor	investor	NOUN
fsr-3917	62	23	.	.	PUNCT
fsr-3917	63	1	the	the	DET
fsr-3917	63	2	stock	stock	NOUN
fsr-3917	63	3	selections	selection	NOUN
fsr-3917	63	4	come	come	VERB
fsr-3917	63	5	from	from	ADP
fsr-3917	63	6	the	the	DET
fsr-3917	63	7	end	end	NOUN
fsr-3917	63	8	-	-	PUNCT
fsr-3917	63	9	of	of	ADP
fsr-3917	63	10	-	-	PUNCT
fsr-3917	63	11	year	year	NOUN
fsr-3917	63	12	composition	composition	NOUN
fsr-3917	63	13	of	of	ADP
fsr-3917	63	14	the	the	DET
fsr-3917	63	15	ten	ten	NUM
fsr-3917	63	16	-	-	PUNCT
fsr-3917	63	17	year	year	NOUN
fsr-3917	63	18	,	,	PUNCT
fsr-3917	63	19	five	five	NUM
fsr-3917	63	20	-	-	PUNCT
fsr-3917	63	21	star	star	NOUN
fsr-3917	63	22	funds	fund	NOUN
fsr-3917	63	23	provided	provide	VERB
fsr-3917	63	24	inmutual	inmutual	ADJ
fsr-3917	63	25	funds(morningstar	funds(morningstar	PROPN
fsr-3917	63	26	,	,	PUNCT
fsr-3917	63	27	1994	1994	NUM
fsr-3917	63	28	)	)	PUNCT
fsr-3917	63	29	andmutual	andmutual	PROPN
fsr-3917	63	30	fund	fund	PROPN
fsr-3917	63	31	sourcebook(morningstar	sourcebook(morningstar	PROPN
fsr-3917	63	32	,	,	PUNCT
fsr-3917	63	33	1989–1994	1989–1994	NUM
fsr-3917	63	34	)	)	PUNCT
fsr-3917	63	35	.	.	PUNCT
fsr-3917	64	1	for	for	ADP
fsr-3917	64	2	each	each	DET
fsr-3917	64	3	stock	stock	NOUN
fsr-3917	64	4	,	,	PUNCT
fsr-3917	64	5	monthly	monthly	ADJ
fsr-3917	64	6	rates	rate	NOUN
fsr-3917	64	7	of	of	ADP
fsr-3917	64	8	return	return	NOUN
fsr-3917	64	9	,	,	PUNCT
fsr-3917	64	10	which	which	PRON
fsr-3917	64	11	include	include	VERB
fsr-3917	64	12	dividends	dividend	NOUN
fsr-3917	64	13	and	and	CCONJ
fsr-3917	64	14	adjustments	adjustment	NOUN
fsr-3917	64	15	for	for	ADP
fsr-3917	64	16	stock	stock	NOUN
fsr-3917	64	17	splits	split	NOUN
fsr-3917	64	18	,	,	PUNCT
fsr-3917	64	19	are	be	AUX
fsr-3917	64	20	computed	compute	VERB
fsr-3917	64	21	from	from	ADP
fsr-3917	64	22	six	six	NUM
fsr-3917	64	23	years	year	NOUN
fsr-3917	64	24	of	of	ADP
fsr-3917	64	25	monthly	monthly	ADJ
fsr-3917	64	26	closing	closing	NOUN
fsr-3917	64	27	prices	price	NOUN
fsr-3917	64	28	,	,	PUNCT
fsr-3917	64	29	as	as	SCONJ
fsr-3917	64	30	taken	take	VERB
fsr-3917	64	31	from	from	ADP
fsr-3917	64	32	dow	dow	PROPN
fsr-3917	64	33	jones	jones	PROPN
fsr-3917	64	34	news	news	PROPN
fsr-3917	64	35	retrieval	retrieval	PROPN
fsr-3917	64	36	,	,	PUNCT
fsr-3917	64	37	a	a	DET
fsr-3917	64	38	source	source	NOUN
fsr-3917	64	39	(	(	PUNCT
fsr-3917	64	40	at	at	ADP
fsr-3917	64	41	the	the	DET
fsr-3917	64	42	time	time	NOUN
fsr-3917	64	43	of	of	ADP
fsr-3917	64	44	this	this	DET
fsr-3917	64	45	study	study	NOUN
fsr-3917	64	46	)	)	PUNCT
fsr-3917	64	47	readily	readily	ADV
fsr-3917	64	48	available	available	ADJ
fsr-3917	64	49	to	to	ADP
fsr-3917	64	50	the	the	DET
fsr-3917	64	51	individual	individual	ADJ
fsr-3917	64	52	investor	investor	NOUN
fsr-3917	64	53	.	.	PUNCT
fsr-3917	65	1	we	we	PRON
fsr-3917	65	2	obtain	obtain	VERB
fsr-3917	65	3	the	the	DET
fsr-3917	65	4	monthly	monthly	ADJ
fsr-3917	65	5	rates	rate	NOUN
fsr-3917	65	6	of	of	ADP
fsr-3917	65	7	return	return	NOUN
fsr-3917	65	8	on	on	ADP
fsr-3917	65	9	the	the	DET
fsr-3917	65	10	s&p	s&p	PROPN
fsr-3917	65	11	500	500	NUM
fsr-3917	65	12	from	from	ADP
fsr-3917	65	13	ibbotson	ibbotson	PROPN
fsr-3917	65	14	associates’stocks	associates’stock	NOUN
fsr-3917	65	15	,	,	PUNCT
fsr-3917	65	16	bonds	bond	NOUN
fsr-3917	65	17	,	,	PUNCT
fsr-3917	65	18	bills	bill	NOUN
fsr-3917	65	19	,	,	PUNCT
fsr-3917	65	20	and	and	CCONJ
fsr-3917	65	21	inflation(2000	inflation(2000	NUM
fsr-3917	65	22	)	)	PUNCT
fsr-3917	65	23	.	.	PUNCT
fsr-3917	66	1	following	follow	VERB
fsr-3917	66	2	the	the	DET
fsr-3917	66	3	literature	literature	NOUN
fsr-3917	66	4	,	,	PUNCT
fsr-3917	66	5	we	we	PRON
fsr-3917	66	6	express	express	VERB
fsr-3917	66	7	the	the	DET
fsr-3917	66	8	returns	return	NOUN
fsr-3917	66	9	in	in	ADP
fsr-3917	66	10	excess	excess	ADJ
fsr-3917	66	11	form	form	NOUN
fsr-3917	66	12	by	by	ADP
fsr-3917	66	13	subtracting	subtract	VERB
fsr-3917	66	14	an	an	DET
fsr-3917	66	15	estimate	estimate	NOUN
fsr-3917	66	16	of	of	ADP
fsr-3917	66	17	a	a	DET
fsr-3917	66	18	monthly	monthly	ADJ
fsr-3917	66	19	risk	risk	NOUN
fsr-3917	66	20	-	-	PUNCT
fsr-3917	66	21	free	free	ADJ
fsr-3917	66	22	rate	rate	NOUN
fsr-3917	66	23	of	of	ADP
fsr-3917	66	24	return	return	NOUN
fsr-3917	66	25	,	,	PUNCT
fsr-3917	66	26	which	which	PRON
fsr-3917	66	27	is	be	AUX
fsr-3917	66	28	calculated	calculate	VERB
fsr-3917	66	29	from	from	ADP
fsr-3917	66	30	the	the	DET
fsr-3917	66	31	monthly	monthly	ADJ
fsr-3917	66	32	closing	closing	NOUN
fsr-3917	66	33	rate	rate	NOUN
fsr-3917	66	34	on	on	ADP
fsr-3917	66	35	the	the	DET
fsr-3917	66	36	three	three	NUM
fsr-3917	66	37	-	-	PUNCT
fsr-3917	66	38	month	month	NOUN
fsr-3917	66	39	u.s	u.s	PROPN
fsr-3917	66	40	.	.	PROPN
fsr-3917	66	41	treasury	treasury	PROPN
fsr-3917	66	42	bill	bill	NOUN
fsr-3917	66	43	.	.	PUNCT
fsr-3917	67	1	the	the	DET
fsr-3917	67	2	source	source	NOUN
fsr-3917	67	3	is	be	AUX
fsr-3917	67	4	thewall	thewall	PROPN
fsr-3917	67	5	street	street	PROPN
fsr-3917	67	6	journal	journal	NOUN
fsr-3917	67	7	.	.	PUNCT
fsr-3917	68	1	by	by	ADP
fsr-3917	68	2	relying	rely	VERB
fsr-3917	68	3	on	on	ADP
fsr-3917	68	4	the	the	DET
fsr-3917	68	5	fourth	fourth	ADJ
fsr-3917	68	6	-	-	PUNCT
fsr-3917	68	7	quarter	quarter	NOUN
fsr-3917	68	8	holdings	holding	NOUN
fsr-3917	68	9	of	of	ADP
fsr-3917	68	10	the	the	DET
fsr-3917	68	11	funds	fund	NOUN
fsr-3917	68	12	,	,	PUNCT
fsr-3917	68	13	we	we	PRON
fsr-3917	68	14	encounter	encounter	VERB
fsr-3917	68	15	the	the	DET
fsr-3917	68	16	possibility	possibility	NOUN
fsr-3917	68	17	of	of	ADP
fsr-3917	68	18	a	a	DET
fsr-3917	68	19	bias	bias	NOUN
fsr-3917	68	20	.	.	PUNCT
fsr-3917	69	1	in	in	ADP
fsr-3917	69	2	this	this	DET
fsr-3917	69	3	study	study	NOUN
fsr-3917	69	4	a	a	DET
fsr-3917	69	5	bias	bias	NOUN
fsr-3917	69	6	may	may	AUX
fsr-3917	69	7	arise	arise	VERB
fsr-3917	69	8	,	,	PUNCT
fsr-3917	69	9	for	for	ADP
fsr-3917	69	10	example	example	NOUN
fsr-3917	69	11	,	,	PUNCT
fsr-3917	69	12	if	if	SCONJ
fsr-3917	69	13	a	a	DET
fsr-3917	69	14	fund	fund	NOUN
fsr-3917	69	15	manager	manager	NOUN
fsr-3917	69	16	,	,	PUNCT
fsr-3917	69	17	late	late	ADV
fsr-3917	69	18	in	in	ADP
fsr-3917	69	19	the	the	DET
fsr-3917	69	20	fourth	fourth	ADJ
fsr-3917	69	21	quarter	quarter	NOUN
fsr-3917	69	22	,	,	PUNCT
fsr-3917	69	23	engages	engage	VERB
fsr-3917	69	24	in	in	ADP
fsr-3917	69	25	trading	trading	NOUN
fsr-3917	69	26	activity	activity	NOUN
fsr-3917	69	27	known	know	VERB
fsr-3917	69	28	as	as	ADP
fsr-3917	69	29	“	"	PUNCT
fsr-3917	69	30	window	window	NOUN
fsr-3917	69	31	dressing	dressing	NOUN
fsr-3917	69	32	.	.	PUNCT
fsr-3917	69	33	”	"	PUNCT
fsr-3917	70	1	in	in	ADP
fsr-3917	70	2	this	this	DET
fsr-3917	70	3	case	case	NOUN
fsr-3917	70	4	,	,	PUNCT
fsr-3917	70	5	a	a	DET
fsr-3917	70	6	fund	fund	NOUN
fsr-3917	70	7	manager	manager	NOUN
fsr-3917	70	8	adds	add	VERB
fsr-3917	70	9	current	current	ADJ
fsr-3917	70	10	stock	stock	NOUN
fsr-3917	70	11	favorites	favorite	NOUN
fsr-3917	70	12	and	and	CCONJ
fsr-3917	70	13	drops	drop	VERB
fsr-3917	70	14	unfavorable	unfavorable	ADJ
fsr-3917	70	15	ones	one	NOUN
fsr-3917	70	16	,	,	PUNCT
fsr-3917	70	17	presumably	presumably	ADV
fsr-3917	70	18	to	to	PART
fsr-3917	70	19	give	give	VERB
fsr-3917	70	20	the	the	DET
fsr-3917	70	21	appearance	appearance	NOUN
fsr-3917	70	22	that	that	PRON
fsr-3917	70	23	the	the	DET
fsr-3917	70	24	fund	fund	NOUN
fsr-3917	70	25	has	have	AUX
fsr-3917	70	26	been	be	AUX
fsr-3917	70	27	invested	invest	VERB
fsr-3917	70	28	in	in	ADP
fsr-3917	70	29	successful	successful	ADJ
fsr-3917	70	30	stocks	stock	NOUN
fsr-3917	70	31	.	.	PUNCT
fsr-3917	71	1	although	although	SCONJ
fsr-3917	71	2	these	these	DET
fsr-3917	71	3	newly	newly	ADV
fsr-3917	71	4	added	add	VERB
fsr-3917	71	5	stocks	stock	NOUN
fsr-3917	71	6	were	be	AUX
fsr-3917	71	7	not	not	PART
fsr-3917	71	8	the	the	DET
fsr-3917	71	9	basis	basis	NOUN
fsr-3917	71	10	for	for	ADP
fsr-3917	71	11	the	the	DET
fsr-3917	71	12	fund	fund	NOUN
fsr-3917	71	13	’s	’s	PART
fsr-3917	71	14	most	most	ADV
fsr-3917	71	15	recent	recent	ADJ
fsr-3917	71	16	performance	performance	NOUN
fsr-3917	71	17	,	,	PUNCT
fsr-3917	71	18	they	they	PRON
fsr-3917	71	19	become	become	VERB
fsr-3917	71	20	candidates	candidate	NOUN
fsr-3917	71	21	for	for	ADP
fsr-3917	71	22	inclusion	inclusion	NOUN
fsr-3917	71	23	in	in	ADP
fsr-3917	71	24	the	the	DET
fsr-3917	71	25	portfolios	portfolio	NOUN
fsr-3917	71	26	used	use	VERB
fsr-3917	71	27	in	in	ADP
fsr-3917	71	28	this	this	DET
fsr-3917	71	29	study	study	NOUN
fsr-3917	71	30	.	.	PUNCT
fsr-3917	72	1	as	as	ADV
fsr-3917	72	2	long	long	ADV
fsr-3917	72	3	as	as	SCONJ
fsr-3917	72	4	these	these	DET
fsr-3917	72	5	stocks	stock	NOUN
fsr-3917	72	6	reflect	reflect	VERB
fsr-3917	72	7	the	the	DET
fsr-3917	72	8	fund	fund	NOUN
fsr-3917	72	9	manager	manager	NOUN
fsr-3917	72	10	’s	’s	PART
fsr-3917	72	11	expectations	expectation	NOUN
fsr-3917	72	12	for	for	ADP
fsr-3917	72	13	the	the	DET
fsr-3917	72	14	forthcoming	forthcoming	ADJ
fsr-3917	72	15	quarters	quarter	NOUN
fsr-3917	72	16	,	,	PUNCT
fsr-3917	72	17	and	and	CCONJ
fsr-3917	72	18	are	be	AUX
fsr-3917	72	19	not	not	PART
fsr-3917	72	20	dropped	drop	VERB
fsr-3917	72	21	at	at	ADP
fsr-3917	72	22	the	the	DET
fsr-3917	72	23	beginning	beginning	NOUN
fsr-3917	72	24	of	of	ADP
fsr-3917	72	25	the	the	DET
fsr-3917	72	26	next	next	ADJ
fsr-3917	72	27	quarter	quarter	NOUN
fsr-3917	72	28	,	,	PUNCT
fsr-3917	72	29	no	no	DET
fsr-3917	72	30	significant	significant	ADJ
fsr-3917	72	31	bias	bias	NOUN
fsr-3917	72	32	should	should	AUX
fsr-3917	72	33	occur	occur	VERB
fsr-3917	72	34	.	.	PUNCT
fsr-3917	73	1	moreover	moreover	ADV
fsr-3917	73	2	,	,	PUNCT
fsr-3917	73	3	the	the	DET
fsr-3917	73	4	cost	cost	NOUN
fsr-3917	73	5	of	of	ADP
fsr-3917	73	6	adding	add	VERB
fsr-3917	73	7	to	to	ADP
fsr-3917	73	8	and	and	CCONJ
fsr-3917	73	9	subtracting	subtract	VERB
fsr-3917	73	10	from	from	ADP
fsr-3917	73	11	the	the	DET
fsr-3917	73	12	top	top	ADJ
fsr-3917	73	13	holdings	holding	NOUN
fsr-3917	73	14	of	of	ADP
fsr-3917	73	15	a	a	DET
fsr-3917	73	16	fund	fund	NOUN
fsr-3917	73	17	can	can	AUX
fsr-3917	73	18	be	be	AUX
fsr-3917	73	19	significant	significant	ADJ
fsr-3917	73	20	,	,	PUNCT
fsr-3917	73	21	especially	especially	ADV
fsr-3917	73	22	for	for	ADP
fsr-3917	73	23	large	large	ADJ
fsr-3917	73	24	-	-	PUNCT
fsr-3917	73	25	cap	cap	NOUN
fsr-3917	73	26	funds	fund	NOUN
fsr-3917	73	27	.	.	PUNCT
fsr-3917	74	1	if	if	SCONJ
fsr-3917	74	2	done	do	VERB
fsr-3917	74	3	frequently	frequently	ADV
fsr-3917	74	4	,	,	PUNCT
fsr-3917	74	5	window	window	NOUN
fsr-3917	74	6	dressing	dressing	NOUN
fsr-3917	74	7	could	could	AUX
fsr-3917	74	8	lead	lead	VERB
fsr-3917	74	9	to	to	ADP
fsr-3917	74	10	a	a	DET
fsr-3917	74	11	drop	drop	NOUN
fsr-3917	74	12	in	in	ADP
fsr-3917	74	13	a	a	DET
fsr-3917	74	14	fund	fund	NOUN
fsr-3917	74	15	’s	’s	PART
fsr-3917	74	16	performance	performance	NOUN
fsr-3917	74	17	and	and	CCONJ
fsr-3917	74	18	the	the	DET
fsr-3917	74	19	loss	loss	NOUN
fsr-3917	74	20	of	of	ADP
fsr-3917	74	21	its	its	PRON
fsr-3917	74	22	prestigious	prestigious	ADJ
fsr-3917	74	23	five	five	NUM
fsr-3917	74	24	-	-	PUNCT
fsr-3917	74	25	star	star	NOUN
fsr-3917	74	26	rating	rating	NOUN
fsr-3917	74	27	.	.	PUNCT
fsr-3917	75	1	thus	thus	ADV
fsr-3917	75	2	,	,	PUNCT
fsr-3917	75	3	all	all	DET
fsr-3917	75	4	things	thing	NOUN
fsr-3917	75	5	considered	consider	VERB
fsr-3917	75	6	,	,	PUNCT
fsr-3917	75	7	in	in	ADP
fsr-3917	75	8	this	this	DET
fsr-3917	75	9	study	study	NOUN
fsr-3917	75	10	we	we	PRON
fsr-3917	75	11	judge	judge	VERB
fsr-3917	75	12	that	that	SCONJ
fsr-3917	75	13	the	the	DET
fsr-3917	75	14	impact	impact	NOUN
fsr-3917	75	15	of	of	ADP
fsr-3917	75	16	window	window	NOUN
fsr-3917	75	17	dressing	dress	VERB
fsr-3917	75	18	on	on	ADP
fsr-3917	75	19	the	the	DET
fsr-3917	75	20	results	result	NOUN
fsr-3917	75	21	is	be	AUX
fsr-3917	75	22	unlikely	unlikely	ADJ
fsr-3917	75	23	to	to	PART
fsr-3917	75	24	be	be	AUX
fsr-3917	75	25	material	material	ADJ
fsr-3917	75	26	.	.	PUNCT
fsr-3917	76	1	the	the	DET
fsr-3917	76	2	number	number	NOUN
fsr-3917	76	3	of	of	ADP
fsr-3917	76	4	top	top	ADJ
fsr-3917	76	5	five	five	NUM
fsr-3917	76	6	stocks	stock	NOUN
fsr-3917	76	7	,	,	PUNCT
fsr-3917	76	8	across	across	ADP
fsr-3917	76	9	the	the	DET
fsr-3917	76	10	years	year	NOUN
fsr-3917	76	11	,	,	PUNCT
fsr-3917	76	12	is	be	AUX
fsr-3917	76	13	as	as	SCONJ
fsr-3917	76	14	follows	follow	VERB
fsr-3917	76	15	:	:	PUNCT
fsr-3917	76	16	95	95	NUM
fsr-3917	76	17	(	(	PUNCT
fsr-3917	76	18	1989	1989	NUM
fsr-3917	76	19	)	)	PUNCT
fsr-3917	76	20	,	,	PUNCT
fsr-3917	76	21	100	100	NUM
fsr-3917	76	22	(	(	PUNCT
fsr-3917	76	23	1990	1990	NUM
fsr-3917	76	24	)	)	PUNCT
fsr-3917	76	25	,	,	PUNCT
fsr-3917	76	26	143	143	NUM
fsr-3917	76	27	(	(	PUNCT
fsr-3917	76	28	1991	1991	NUM
fsr-3917	76	29	)	)	PUNCT
fsr-3917	76	30	,	,	PUNCT
fsr-3917	76	31	109	109	NUM
fsr-3917	76	32	(	(	PUNCT
fsr-3917	76	33	1992	1992	NUM
fsr-3917	76	34	)	)	PUNCT
fsr-3917	76	35	,	,	PUNCT
fsr-3917	76	36	84	84	NUM
fsr-3917	76	37	(	(	PUNCT
fsr-3917	76	38	1993	1993	NUM
fsr-3917	76	39	)	)	PUNCT
fsr-3917	76	40	.	.	PUNCT
fsr-3917	77	1	we	we	PRON
fsr-3917	77	2	are	be	AUX
fsr-3917	77	3	able	able	ADJ
fsr-3917	77	4	to	to	PART
fsr-3917	77	5	obtain	obtain	VERB
fsr-3917	77	6	data	datum	NOUN
fsr-3917	77	7	on	on	ADP
fsr-3917	77	8	approximately	approximately	ADV
fsr-3917	77	9	92	92	NUM
fsr-3917	77	10	%	%	NOUN
fsr-3917	77	11	of	of	ADP
fsr-3917	77	12	all	all	DET
fsr-3917	77	13	the	the	DET
fsr-3917	77	14	stocks	stock	NOUN
fsr-3917	77	15	.	.	PUNCT
fsr-3917	78	1	foreign	foreign	ADJ
fsr-3917	78	2	listings	listing	NOUN
fsr-3917	78	3	and	and	CCONJ
fsr-3917	78	4	newly	newly	ADV
fsr-3917	78	5	issued	issue	VERB
fsr-3917	78	6	stocks	stock	NOUN
fsr-3917	78	7	,	,	PUNCT
fsr-3917	78	8	for	for	ADP
fsr-3917	78	9	which	which	PRON
fsr-3917	78	10	the	the	DET
fsr-3917	78	11	data	datum	NOUN
fsr-3917	78	12	are	be	AUX
fsr-3917	78	13	not	not	PART
fsr-3917	78	14	sufficiently	sufficiently	ADV
fsr-3917	78	15	available	available	ADJ
fsr-3917	78	16	,	,	PUNCT
fsr-3917	78	17	account	account	VERB
fsr-3917	78	18	for	for	ADP
fsr-3917	78	19	the	the	DET
fsr-3917	78	20	rest	rest	NOUN
fsr-3917	78	21	.	.	PUNCT
fsr-3917	79	1	two	two	NUM
fsr-3917	79	2	reasons	reason	NOUN
fsr-3917	79	3	explain	explain	VERB
fsr-3917	79	4	the	the	DET
fsr-3917	79	5	difference	difference	NOUN
fsr-3917	79	6	in	in	ADP
fsr-3917	79	7	the	the	DET
fsr-3917	79	8	number	number	NOUN
fsr-3917	79	9	of	of	ADP
fsr-3917	79	10	stocks	stock	NOUN
fsr-3917	79	11	per	per	ADP
fsr-3917	79	12	year	year	NOUN
fsr-3917	79	13	:	:	PUNCT
fsr-3917	79	14	(	(	PUNCT
fsr-3917	79	15	a	a	X
fsr-3917	79	16	)	)	PUNCT
fsr-3917	79	17	the	the	DET
fsr-3917	79	18	variation	variation	NOUN
fsr-3917	79	19	in	in	ADP
fsr-3917	79	20	the	the	DET
fsr-3917	79	21	number	number	NOUN
fsr-3917	79	22	of	of	ADP
fsr-3917	79	23	ten	ten	NUM
fsr-3917	79	24	-	-	PUNCT
fsr-3917	79	25	year	year	NOUN
fsr-3917	79	26	,	,	PUNCT
fsr-3917	79	27	five	five	NUM
fsr-3917	79	28	-	-	PUNCT
fsr-3917	79	29	star	star	NOUN
fsr-3917	79	30	funds	fund	NOUN
fsr-3917	79	31	and	and	CCONJ
fsr-3917	79	32	(	(	PUNCT
fsr-3917	79	33	b	b	X
fsr-3917	79	34	)	)	PUNCT
fsr-3917	79	35	the	the	DET
fsr-3917	79	36	degree	degree	NOUN
fsr-3917	79	37	of	of	ADP
fsr-3917	79	38	commonality	commonality	NOUN
fsr-3917	79	39	in	in	ADP
fsr-3917	79	40	the	the	DET
fsr-3917	79	41	top	top	ADJ
fsr-3917	79	42	five	five	NUM
fsr-3917	79	43	stocks	stock	NOUN
fsr-3917	79	44	across	across	ADP
fsr-3917	79	45	the	the	DET
fsr-3917	79	46	ten	ten	NUM
fsr-3917	79	47	-	-	PUNCT
fsr-3917	79	48	year	year	NOUN
fsr-3917	79	49	,	,	PUNCT
fsr-3917	79	50	five	five	NUM
fsr-3917	79	51	-	-	PUNCT
fsr-3917	79	52	star	star	NOUN
fsr-3917	79	53	funds	fund	NOUN
fsr-3917	79	54	.	.	PUNCT
fsr-3917	80	1	for	for	ADP
fsr-3917	80	2	example	example	NOUN
fsr-3917	80	3	,	,	PUNCT
fsr-3917	80	4	there	there	PRON
fsr-3917	80	5	were	be	VERB
fsr-3917	80	6	28	28	NUM
fsr-3917	80	7	ten	ten	NUM
fsr-3917	80	8	-	-	PUNCT
fsr-3917	80	9	year	year	NOUN
fsr-3917	80	10	,	,	PUNCT
fsr-3917	80	11	five	five	NUM
fsr-3917	80	12	-	-	PUNCT
fsr-3917	80	13	star	star	NOUN
fsr-3917	80	14	general	general	ADJ
fsr-3917	80	15	equity	equity	NOUN
fsr-3917	80	16	funds	fund	NOUN
fsr-3917	80	17	each	each	PRON
fsr-3917	80	18	in	in	ADP
fsr-3917	80	19	1989	1989	NUM
fsr-3917	80	20	and	and	CCONJ
fsr-3917	80	21	1990	1990	NUM
fsr-3917	80	22	,	,	PUNCT
fsr-3917	80	23	39	39	NUM
fsr-3917	80	24	in	in	ADP
fsr-3917	80	25	1991	1991	NUM
fsr-3917	80	26	,	,	PUNCT
fsr-3917	80	27	33	33	NUM
fsr-3917	80	28	in	in	ADP
fsr-3917	80	29	1992	1992	NUM
fsr-3917	80	30	,	,	PUNCT
fsr-3917	80	31	and	and	CCONJ
fsr-3917	80	32	25	25	NUM
fsr-3917	80	33	in	in	ADP
fsr-3917	80	34	1993	1993	NUM
fsr-3917	80	35	.	.	PUNCT
fsr-3917	81	1	there	there	PRON
fsr-3917	81	2	is	be	VERB
fsr-3917	81	3	also	also	ADV
fsr-3917	81	4	a	a	DET
fsr-3917	81	5	similarity	similarity	NOUN
fsr-3917	81	6	in	in	ADP
fsr-3917	81	7	the	the	DET
fsr-3917	81	8	investment	investment	NOUN
fsr-3917	81	9	style	style	NOUN
fsr-3917	81	10	across	across	ADP
fsr-3917	81	11	the	the	DET
fsr-3917	81	12	ten	ten	NUM
fsr-3917	81	13	-	-	PUNCT
fsr-3917	81	14	year	year	NOUN
fsr-3917	81	15	,	,	PUNCT
fsr-3917	81	16	five	five	NUM
fsr-3917	81	17	-	-	PUNCT
fsr-3917	81	18	star	star	NOUN
fsr-3917	81	19	general	general	ADJ
fsr-3917	81	20	equity	equity	NOUN
fsr-3917	81	21	funds	fund	NOUN
fsr-3917	81	22	.	.	PUNCT
fsr-3917	82	1	in	in	ADP
fsr-3917	82	2	fact	fact	NOUN
fsr-3917	82	3	,	,	PUNCT
fsr-3917	82	4	about	about	ADV
fsr-3917	82	5	91	91	NUM
fsr-3917	82	6	%	%	NOUN
fsr-3917	82	7	of	of	ADP
fsr-3917	82	8	all	all	DET
fsr-3917	82	9	the	the	DET
fsr-3917	82	10	stocks	stock	NOUN
fsr-3917	82	11	come	come	VERB
fsr-3917	82	12	from	from	ADP
fsr-3917	82	13	funds	fund	NOUN
fsr-3917	82	14	that	that	PRON
fsr-3917	82	15	fit	fit	VERB
fsr-3917	82	16	four	four	NUM
fsr-3917	82	17	closely	closely	ADV
fsr-3917	82	18	related	relate	VERB
fsr-3917	82	19	classifications	classification	NOUN
fsr-3917	82	20	that	that	SCONJ
fsr-3917	82	21	morningstar	morningstar	PROPN
fsr-3917	82	22	uses	use	VERB
fsr-3917	82	23	:	:	PUNCT
fsr-3917	82	24	“	"	PUNCT
fsr-3917	82	25	growth	growth	NOUN
fsr-3917	82	26	,	,	PUNCT
fsr-3917	82	27	”	"	PUNCT
fsr-3917	82	28	“	"	PUNCT
fsr-3917	82	29	growth	growth	NOUN
fsr-3917	82	30	and	and	CCONJ
fsr-3917	82	31	income	income	NOUN
fsr-3917	82	32	,	,	PUNCT
fsr-3917	82	33	”	"	PUNCT
fsr-3917	82	34	“	"	PUNCT
fsr-3917	82	35	equity	equity	NOUN
fsr-3917	82	36	-	-	PUNCT
fsr-3917	82	37	income	income	NOUN
fsr-3917	82	38	,	,	PUNCT
fsr-3917	82	39	”	"	PUNCT
fsr-3917	82	40	and	and	CCONJ
fsr-3917	82	41	“	"	PUNCT
fsr-3917	82	42	balanced	balanced	ADJ
fsr-3917	82	43	,	,	PUNCT
fsr-3917	82	44	”	"	PUNCT
fsr-3917	82	45	with	with	ADP
fsr-3917	82	46	“	"	PUNCT
fsr-3917	82	47	growth	growth	NOUN
fsr-3917	82	48	”	"	PUNCT
fsr-3917	82	49	and	and	CCONJ
fsr-3917	82	50	“	"	PUNCT
fsr-3917	82	51	growth	growth	NOUN
fsr-3917	82	52	and	and	CCONJ
fsr-3917	82	53	income	income	NOUN
fsr-3917	82	54	”	"	PUNCT
fsr-3917	82	55	accounting	account	VERB
fsr-3917	82	56	for	for	ADP
fsr-3917	82	57	the	the	DET
fsr-3917	82	58	majority	majority	NOUN
fsr-3917	82	59	of	of	ADP
fsr-3917	82	60	the	the	DET
fsr-3917	82	61	stocks	stock	NOUN
fsr-3917	82	62	.	.	PUNCT
fsr-3917	83	1	about	about	ADV
fsr-3917	83	2	6	6	NUM
fsr-3917	83	3	%	%	NOUN
fsr-3917	83	4	come	come	VERB
fsr-3917	83	5	from	from	ADP
fsr-3917	83	6	“	"	PUNCT
fsr-3917	83	7	income	income	NOUN
fsr-3917	83	8	”	"	PUNCT
fsr-3917	83	9	funds	fund	NOUN
fsr-3917	83	10	and	and	CCONJ
fsr-3917	83	11	about	about	ADV
fsr-3917	83	12	3	3	NUM
fsr-3917	83	13	%	%	NOUN
fsr-3917	83	14	come	come	VERB
fsr-3917	83	15	from	from	ADP
fsr-3917	83	16	“	"	PUNCT
fsr-3917	83	17	small	small	ADJ
fsr-3917	83	18	company	company	NOUN
fsr-3917	83	19	”	"	PUNCT
fsr-3917	83	20	funds	fund	NOUN
fsr-3917	83	21	.	.	PUNCT
fsr-3917	84	1	no	no	DET
fsr-3917	84	2	stocks	stock	NOUN
fsr-3917	84	3	come	come	VERB
fsr-3917	84	4	from	from	ADP
fsr-3917	84	5	“	"	PUNCT
fsr-3917	84	6	aggressive	aggressive	ADJ
fsr-3917	84	7	growth	growth	NOUN
fsr-3917	84	8	.	.	PUNCT
fsr-3917	84	9	”	"	PUNCT
fsr-3917	85	1	the	the	DET
fsr-3917	85	2	similarity	similarity	NOUN
fsr-3917	85	3	in	in	ADP
fsr-3917	85	4	investment	investment	NOUN
fsr-3917	85	5	objective	objective	NOUN
fsr-3917	85	6	leads	lead	VERB
fsr-3917	85	7	to	to	ADP
fsr-3917	85	8	a	a	DET
fsr-3917	85	9	commonality	commonality	NOUN
fsr-3917	85	10	in	in	ADP
fsr-3917	85	11	the	the	DET
fsr-3917	85	12	holdings	holding	NOUN
fsr-3917	85	13	,	,	PUNCT
fsr-3917	85	14	especially	especially	ADV
fsr-3917	85	15	in	in	ADP
fsr-3917	85	16	large	large	ADJ
fsr-3917	85	17	-	-	PUNCT
fsr-3917	85	18	cap	cap	NOUN
fsr-3917	85	19	stocks	stock	NOUN
fsr-3917	85	20	such	such	ADJ
fsr-3917	85	21	as	as	ADP
fsr-3917	85	22	coca	coca	PROPN
fsr-3917	85	23	cola	cola	PROPN
fsr-3917	85	24	,	,	PUNCT
fsr-3917	85	25	ford	ford	PROPN
fsr-3917	85	26	,	,	PUNCT
fsr-3917	85	27	general	general	ADJ
fsr-3917	85	28	electric	electric	PROPN
fsr-3917	85	29	,	,	PUNCT
fsr-3917	85	30	intel	intel	PROPN
fsr-3917	85	31	,	,	PUNCT
fsr-3917	85	32	motorola	motorola	PROPN
fsr-3917	85	33	,	,	PUNCT
fsr-3917	85	34	and	and	CCONJ
fsr-3917	85	35	philip	philip	PROPN
fsr-3917	85	36	morris	morris	PROPN
fsr-3917	85	37	.	.	PUNCT
fsr-3917	86	1	we	we	PRON
fsr-3917	86	2	should	should	AUX
fsr-3917	86	3	also	also	ADV
fsr-3917	86	4	point	point	VERB
fsr-3917	86	5	out	out	ADP
fsr-3917	86	6	that	that	SCONJ
fsr-3917	86	7	morningstar	morningstar	PROPN
fsr-3917	86	8	’s	’s	PART
fsr-3917	86	9	classification	classification	NOUN
fsr-3917	86	10	system	system	NOUN
fsr-3917	86	11	(	(	PUNCT
fsr-3917	86	12	e.g.	e.g.	ADV
fsr-3917	86	13	,	,	PUNCT
fsr-3917	86	14	“	"	PUNCT
fsr-3917	86	15	aggressive	aggressive	ADJ
fsr-3917	86	16	growth	growth	NOUN
fsr-3917	86	17	,	,	PUNCT
fsr-3917	86	18	”	"	PUNCT
fsr-3917	86	19	“	"	PUNCT
fsr-3917	86	20	growth	growth	NOUN
fsr-3917	86	21	,	,	PUNCT
fsr-3917	86	22	”	"	PUNCT
fsr-3917	86	23	“	"	PUNCT
fsr-3917	86	24	growth	growth	NOUN
fsr-3917	86	25	and	and	CCONJ
fsr-3917	86	26	income	income	NOUN
fsr-3917	86	27	,	,	PUNCT
fsr-3917	86	28	”	"	PUNCT
fsr-3917	86	29	etc	etc	X
fsr-3917	86	30	.	.	X
fsr-3917	86	31	)	)	PUNCT
fsr-3917	86	32	plays	play	VERB
fsr-3917	86	33	no	no	DET
fsr-3917	86	34	role	role	NOUN
fsr-3917	86	35	in	in	ADP
fsr-3917	86	36	this	this	DET
fsr-3917	86	37	study	study	NOUN
fsr-3917	86	38	’s	’s	PART
fsr-3917	86	39	stock	stock	NOUN
fsr-3917	86	40	selection	selection	NOUN
fsr-3917	86	41	process	process	NOUN
fsr-3917	86	42	.	.	PUNCT
fsr-3917	87	1	this	this	PRON
fsr-3917	87	2	is	be	AUX
fsr-3917	87	3	because	because	SCONJ
fsr-3917	87	4	these	these	DET
fsr-3917	87	5	fund	fund	NOUN
fsr-3917	87	6	classifications	classification	NOUN
fsr-3917	87	7	do	do	AUX
fsr-3917	87	8	not	not	PART
fsr-3917	87	9	explicitly	explicitly	ADV
fsr-3917	87	10	consider	consider	VERB
fsr-3917	87	11	a	a	DET
fsr-3917	87	12	specific	specific	ADJ
fsr-3917	87	13	stock	stock	NOUN
fsr-3917	87	14	’s	’s	PART
fsr-3917	87	15	148	148	NUM
fsr-3917	87	16	a.l	a.l	PROPN
fsr-3917	87	17	.	.	PROPN
fsr-3917	87	18	loviscek	loviscek	PROPN
fsr-3917	87	19	,	,	PUNCT
fsr-3917	87	20	w.j	w.j	PROPN
fsr-3917	87	21	.	.	PROPN
fsr-3917	87	22	jordan	jordan	PROPN
fsr-3917	87	23	/	/	SYM
fsr-3917	87	24	financial	financial	ADJ
fsr-3917	87	25	services	service	NOUN
fsr-3917	87	26	review	review	VERB
fsr-3917	87	27	9	9	NUM
fsr-3917	87	28	(	(	PUNCT
fsr-3917	87	29	2000	2000	NUM
fsr-3917	87	30	)	)	PUNCT
fsr-3917	87	31	145–157	145–157	NUM
fsr-3917	87	32	return	return	NOUN
fsr-3917	87	33	to	to	ADP
fsr-3917	87	34	risk	risk	NOUN
fsr-3917	87	35	,	,	PUNCT
fsr-3917	87	36	as	as	SCONJ
fsr-3917	87	37	specified	specify	VERB
fsr-3917	87	38	in	in	ADP
fsr-3917	87	39	modern	modern	ADJ
fsr-3917	87	40	portfolio	portfolio	NOUN
fsr-3917	87	41	theory	theory	NOUN
fsr-3917	87	42	,	,	PUNCT
fsr-3917	87	43	a	a	DET
fsr-3917	87	44	point	point	NOUN
fsr-3917	87	45	that	that	SCONJ
fsr-3917	87	46	elton	elton	PROPN
fsr-3917	87	47	,	,	PUNCT
fsr-3917	87	48	gruber	gruber	PROPN
fsr-3917	87	49	and	and	CCONJ
fsr-3917	87	50	blake	blake	PROPN
fsr-3917	87	51	(	(	PUNCT
fsr-3917	87	52	1996	1996	NUM
fsr-3917	87	53	)	)	PUNCT
fsr-3917	87	54	and	and	CCONJ
fsr-3917	87	55	bogle	bogle	PROPN
fsr-3917	87	56	(	(	PUNCT
fsr-3917	87	57	1998	1998	NUM
fsr-3917	87	58	)	)	PUNCT
fsr-3917	87	59	underscore	underscore	NOUN
fsr-3917	87	60	.	.	PUNCT
fsr-3917	88	1	thus	thus	ADV
fsr-3917	88	2	,	,	PUNCT
fsr-3917	88	3	while	while	SCONJ
fsr-3917	88	4	one	one	PRON
fsr-3917	88	5	would	would	AUX
fsr-3917	88	6	expect	expect	VERB
fsr-3917	88	7	the	the	DET
fsr-3917	88	8	return	return	NOUN
fsr-3917	88	9	on	on	ADP
fsr-3917	88	10	a	a	DET
fsr-3917	88	11	stock	stock	NOUN
fsr-3917	88	12	selected	select	VERB
fsr-3917	88	13	from	from	ADP
fsr-3917	88	14	,	,	PUNCT
fsr-3917	88	15	say	say	INTJ
fsr-3917	88	16	,	,	PUNCT
fsr-3917	88	17	a	a	DET
fsr-3917	88	18	growth	growth	NOUN
fsr-3917	88	19	fund	fund	NOUN
fsr-3917	88	20	to	to	PART
fsr-3917	88	21	be	be	AUX
fsr-3917	88	22	higher	high	ADJ
fsr-3917	88	23	than	than	ADP
fsr-3917	88	24	the	the	DET
fsr-3917	88	25	return	return	NOUN
fsr-3917	88	26	on	on	ADP
fsr-3917	88	27	a	a	DET
fsr-3917	88	28	stock	stock	NOUN
fsr-3917	88	29	chosen	choose	VERB
fsr-3917	88	30	from	from	ADP
fsr-3917	88	31	,	,	PUNCT
fsr-3917	88	32	say	say	INTJ
fsr-3917	88	33	,	,	PUNCT
fsr-3917	88	34	an	an	DET
fsr-3917	88	35	income	income	NOUN
fsr-3917	88	36	fund	fund	NOUN
fsr-3917	88	37	,	,	PUNCT
fsr-3917	88	38	the	the	DET
fsr-3917	88	39	same	same	ADJ
fsr-3917	88	40	may	may	AUX
fsr-3917	88	41	not	not	PART
fsr-3917	88	42	be	be	AUX
fsr-3917	88	43	true	true	ADJ
fsr-3917	88	44	for	for	ADP
fsr-3917	88	45	the	the	DET
fsr-3917	88	46	expected	expect	VERB
fsr-3917	88	47	return	return	NOUN
fsr-3917	88	48	to	to	ADP
fsr-3917	88	49	risk	risk	NOUN
fsr-3917	88	50	on	on	ADP
fsr-3917	88	51	each	each	DET
fsr-3917	88	52	stock	stock	NOUN
fsr-3917	88	53	.	.	PUNCT
fsr-3917	89	1	3	3	X
fsr-3917	89	2	.	.	X
fsr-3917	89	3	portfolio	portfolio	NOUN
fsr-3917	89	4	construction	construction	NOUN
fsr-3917	89	5	and	and	CCONJ
fsr-3917	89	6	estimation	estimation	NOUN
fsr-3917	89	7	the	the	DET
fsr-3917	89	8	construction	construction	NOUN
fsr-3917	89	9	of	of	ADP
fsr-3917	89	10	the	the	DET
fsr-3917	89	11	portfolios	portfolio	NOUN
fsr-3917	89	12	follows	follow	VERB
fsr-3917	89	13	the	the	DET
fsr-3917	89	14	work	work	NOUN
fsr-3917	89	15	of	of	ADP
fsr-3917	89	16	elton	elton	PROPN
fsr-3917	89	17	,	,	PUNCT
fsr-3917	89	18	gruber	gruber	PROPN
fsr-3917	89	19	,	,	PUNCT
fsr-3917	89	20	and	and	CCONJ
fsr-3917	89	21	padberg	padberg	ADJ
fsr-3917	89	22	(	(	PUNCT
fsr-3917	89	23	egp	egp	PROPN
fsr-3917	89	24	)	)	PUNCT
fsr-3917	89	25	(	(	PUNCT
fsr-3917	89	26	elton	elton	PROPN
fsr-3917	89	27	and	and	CCONJ
fsr-3917	89	28	gruber	gruber	PROPN
fsr-3917	89	29	,	,	PUNCT
fsr-3917	89	30	1995	1995	NUM
fsr-3917	89	31	,	,	PUNCT
fsr-3917	89	32	chapter	chapter	NOUN
fsr-3917	89	33	9	9	NUM
fsr-3917	89	34	)	)	PUNCT
fsr-3917	89	35	and	and	CCONJ
fsr-3917	89	36	elton	elton	PROPN
fsr-3917	89	37	,	,	PUNCT
fsr-3917	89	38	gruber	gruber	PROPN
fsr-3917	89	39	,	,	PUNCT
fsr-3917	89	40	and	and	CCONJ
fsr-3917	89	41	blake	blake	NOUN
fsr-3917	89	42	(	(	PUNCT
fsr-3917	89	43	1996	1996	NUM
fsr-3917	89	44	)	)	PUNCT
fsr-3917	89	45	.	.	PUNCT
fsr-3917	90	1	three	three	NUM
fsr-3917	90	2	reasons	reason	NOUN
fsr-3917	90	3	support	support	VERB
fsr-3917	90	4	the	the	DET
fsr-3917	90	5	use	use	NOUN
fsr-3917	90	6	of	of	ADP
fsr-3917	90	7	their	their	PRON
fsr-3917	90	8	method	method	NOUN
fsr-3917	90	9	.	.	PUNCT
fsr-3917	91	1	first	first	ADV
fsr-3917	91	2	,	,	PUNCT
fsr-3917	91	3	it	it	PRON
fsr-3917	91	4	offers	offer	VERB
fsr-3917	91	5	the	the	DET
fsr-3917	91	6	individual	individual	ADJ
fsr-3917	91	7	investor	investor	NOUN
fsr-3917	91	8	an	an	DET
fsr-3917	91	9	intuitive	intuitive	ADJ
fsr-3917	91	10	interpretation	interpretation	NOUN
fsr-3917	91	11	for	for	ADP
fsr-3917	91	12	the	the	DET
fsr-3917	91	13	decision	decision	NOUN
fsr-3917	91	14	rules	rule	NOUN
fsr-3917	91	15	.	.	PUNCT
fsr-3917	92	1	second	second	ADV
fsr-3917	92	2	,	,	PUNCT
fsr-3917	92	3	the	the	DET
fsr-3917	92	4	solution	solution	NOUN
fsr-3917	92	5	is	be	AUX
fsr-3917	92	6	easily	easily	ADV
fsr-3917	92	7	obtained	obtain	VERB
fsr-3917	92	8	from	from	ADP
fsr-3917	92	9	spreadsheet	spreadsheet	NOUN
fsr-3917	92	10	programs	program	NOUN
fsr-3917	92	11	because	because	SCONJ
fsr-3917	92	12	the	the	DET
fsr-3917	92	13	egp	egp	PROPN
fsr-3917	92	14	approach	approach	NOUN
fsr-3917	92	15	relies	rely	VERB
fsr-3917	92	16	on	on	ADP
fsr-3917	92	17	betas	beta	NOUN
fsr-3917	92	18	and	and	CCONJ
fsr-3917	92	19	simple	simple	ADJ
fsr-3917	92	20	equations	equation	NOUN
fsr-3917	92	21	,	,	PUNCT
fsr-3917	92	22	and	and	CCONJ
fsr-3917	92	23	avoids	avoid	VERB
fsr-3917	92	24	the	the	DET
fsr-3917	92	25	more	more	ADV
fsr-3917	92	26	demanding	demanding	ADJ
fsr-3917	92	27	,	,	PUNCT
fsr-3917	92	28	iterative	iterative	NOUN
fsr-3917	92	29	,	,	PUNCT
fsr-3917	92	30	mathematical	mathematical	ADJ
fsr-3917	92	31	programming	programming	NOUN
fsr-3917	92	32	solutions	solution	NOUN
fsr-3917	92	33	of	of	ADP
fsr-3917	92	34	the	the	DET
fsr-3917	92	35	markowitz	markowitz	PROPN
fsr-3917	92	36	(	(	PUNCT
fsr-3917	92	37	1991	1991	NUM
fsr-3917	92	38	)	)	PUNCT
fsr-3917	92	39	full	full	ADJ
fsr-3917	92	40	-	-	PUNCT
fsr-3917	92	41	covariance	covariance	NOUN
fsr-3917	92	42	method	method	NOUN
fsr-3917	92	43	.	.	PUNCT
fsr-3917	93	1	these	these	PRON
fsr-3917	93	2	are	be	AUX
fsr-3917	93	3	features	feature	NOUN
fsr-3917	93	4	that	that	SCONJ
fsr-3917	93	5	the	the	DET
fsr-3917	93	6	individual	individual	ADJ
fsr-3917	93	7	investor	investor	NOUN
fsr-3917	93	8	should	should	AUX
fsr-3917	93	9	find	find	VERB
fsr-3917	93	10	attractive	attractive	ADJ
fsr-3917	93	11	.	.	PUNCT
fsr-3917	94	1	third	third	ADV
fsr-3917	94	2	,	,	PUNCT
fsr-3917	94	3	as	as	SCONJ
fsr-3917	94	4	shown	show	VERB
fsr-3917	94	5	by	by	ADP
fsr-3917	94	6	nawrocki	nawrocki	PROPN
fsr-3917	94	7	(	(	PUNCT
fsr-3917	94	8	1996	1996	NUM
fsr-3917	94	9	)	)	PUNCT
fsr-3917	94	10	,	,	PUNCT
fsr-3917	94	11	the	the	DET
fsr-3917	94	12	egp	egp	PROPN
fsr-3917	94	13	approach	approach	NOUN
fsr-3917	94	14	gives	give	VERB
fsr-3917	94	15	satisfactory	satisfactory	ADJ
fsr-3917	94	16	results	result	NOUN
fsr-3917	94	17	relative	relative	ADJ
fsr-3917	94	18	to	to	ADP
fsr-3917	94	19	the	the	DET
fsr-3917	94	20	full	full	ADJ
fsr-3917	94	21	-	-	PUNCT
fsr-3917	94	22	covariance	covariance	NOUN
fsr-3917	94	23	method	method	NOUN
fsr-3917	94	24	.	.	PUNCT
fsr-3917	95	1	the	the	DET
fsr-3917	95	2	egp	egp	PROPN
fsr-3917	95	3	approach	approach	NOUN
fsr-3917	95	4	,	,	PUNCT
fsr-3917	95	5	which	which	PRON
fsr-3917	95	6	in	in	ADP
fsr-3917	95	7	this	this	DET
fsr-3917	95	8	study	study	NOUN
fsr-3917	95	9	excludes	exclude	VERB
fsr-3917	95	10	short	short	ADJ
fsr-3917	95	11	sales	sale	NOUN
fsr-3917	95	12	,	,	PUNCT
fsr-3917	95	13	is	be	AUX
fsr-3917	95	14	based	base	VERB
fsr-3917	95	15	on	on	ADP
fsr-3917	95	16	modern	modern	ADJ
fsr-3917	95	17	portfolio	portfolio	NOUN
fsr-3917	95	18	theory	theory	NOUN
fsr-3917	95	19	.	.	PUNCT
fsr-3917	96	1	the	the	DET
fsr-3917	96	2	approach	approach	NOUN
fsr-3917	96	3	consists	consist	VERB
fsr-3917	96	4	of	of	ADP
fsr-3917	96	5	four	four	NUM
fsr-3917	96	6	steps	step	NOUN
fsr-3917	96	7	:	:	PUNCT
fsr-3917	96	8	(	(	PUNCT
fsr-3917	96	9	a	a	X
fsr-3917	96	10	)	)	PUNCT
fsr-3917	96	11	the	the	DET
fsr-3917	96	12	estimation	estimation	NOUN
fsr-3917	96	13	of	of	ADP
fsr-3917	96	14	the	the	DET
fsr-3917	96	15	single	single	ADJ
fsr-3917	96	16	-	-	PUNCT
fsr-3917	96	17	index	index	NOUN
fsr-3917	96	18	model	model	NOUN
fsr-3917	96	19	to	to	PART
fsr-3917	96	20	obtain	obtain	VERB
fsr-3917	96	21	systematic	systematic	ADJ
fsr-3917	96	22	and	and	CCONJ
fsr-3917	96	23	unsystematic	unsystematic	ADJ
fsr-3917	96	24	risks	risk	NOUN
fsr-3917	96	25	;	;	PUNCT
fsr-3917	96	26	(	(	PUNCT
fsr-3917	96	27	b	b	X
fsr-3917	96	28	)	)	PUNCT
fsr-3917	96	29	the	the	DET
fsr-3917	96	30	ranking	ranking	NOUN
fsr-3917	96	31	of	of	ADP
fsr-3917	96	32	the	the	DET
fsr-3917	96	33	stocks	stock	NOUN
fsr-3917	96	34	by	by	ADP
fsr-3917	96	35	excess	excess	ADJ
fsr-3917	96	36	return	return	NOUN
fsr-3917	96	37	to	to	ADP
fsr-3917	96	38	beta	beta	NOUN
fsr-3917	96	39	;	;	PUNCT
fsr-3917	96	40	(	(	PUNCT
fsr-3917	96	41	c	c	X
fsr-3917	96	42	)	)	PUNCT
fsr-3917	96	43	the	the	DET
fsr-3917	96	44	calculation	calculation	NOUN
fsr-3917	96	45	of	of	ADP
fsr-3917	96	46	a	a	DET
fsr-3917	96	47	cutoff	cutoff	NOUN
fsr-3917	96	48	level	level	NOUN
fsr-3917	96	49	to	to	PART
fsr-3917	96	50	determine	determine	VERB
fsr-3917	96	51	the	the	DET
fsr-3917	96	52	composition	composition	NOUN
fsr-3917	96	53	of	of	ADP
fsr-3917	96	54	the	the	DET
fsr-3917	96	55	portfolio	portfolio	NOUN
fsr-3917	96	56	;	;	PUNCT
fsr-3917	96	57	and	and	CCONJ
fsr-3917	96	58	(	(	PUNCT
fsr-3917	96	59	d	d	X
fsr-3917	96	60	)	)	PUNCT
fsr-3917	96	61	the	the	DET
fsr-3917	96	62	determination	determination	NOUN
fsr-3917	96	63	of	of	ADP
fsr-3917	96	64	the	the	DET
fsr-3917	96	65	proportion	proportion	NOUN
fsr-3917	96	66	of	of	ADP
fsr-3917	96	67	the	the	DET
fsr-3917	96	68	portfolio	portfolio	NOUN
fsr-3917	96	69	invested	invest	VERB
fsr-3917	96	70	in	in	ADP
fsr-3917	96	71	each	each	DET
fsr-3917	96	72	security	security	NOUN
fsr-3917	96	73	.	.	PUNCT
fsr-3917	97	1	in	in	ADP
fsr-3917	97	2	equations	equation	NOUN
fsr-3917	97	3	,	,	PUNCT
fsr-3917	97	4	the	the	DET
fsr-3917	97	5	steps	step	NOUN
fsr-3917	97	6	are	be	AUX
fsr-3917	97	7	as	as	SCONJ
fsr-3917	97	8	follows	follow	VERB
fsr-3917	97	9	:	:	PUNCT
fsr-3917	97	10	single	single	ADJ
fsr-3917	97	11	-	-	PUNCT
fsr-3917	97	12	index	index	NOUN
fsr-3917	97	13	model	model	NOUN
fsr-3917	97	14	:	:	PUNCT
fsr-3917	97	15	(	(	PUNCT
fsr-3917	97	16	rit	rit	PROPN
fsr-3917	97	17	2	2	NUM
fsr-3917	97	18	rf	rf	NOUN
fsr-3917	97	19	)	)	PUNCT
fsr-3917	97	20	5	5	NUM
fsr-3917	97	21	ai	ai	VERB
fsr-3917	97	22	1	1	NUM
fsr-3917	97	23	bi(rmt	bi(rmt	NOUN
fsr-3917	97	24	2	2	NUM
fsr-3917	97	25	rf	rf	NOUN
fsr-3917	97	26	)	)	PUNCT
fsr-3917	97	27	1	1	NUM
fsr-3917	97	28	eit	eit	NOUN
fsr-3917	97	29	(	(	PUNCT
fsr-3917	97	30	1	1	NUM
fsr-3917	97	31	)	)	PUNCT
fsr-3917	97	32	excess	excess	ADJ
fsr-3917	97	33	return	return	NOUN
fsr-3917	97	34	to	to	ADP
fsr-3917	97	35	beta	beta	NOUN
fsr-3917	97	36	:	:	PUNCT
fsr-3917	97	37	ret./riski	ret./riski	PROPN
fsr-3917	97	38	5	5	NUM
fsr-3917	97	39	ri	ri	PROPN
fsr-3917	97	40	2	2	NUM
fsr-3917	98	1	rf	rf	NOUN
fsr-3917	98	2	bi	bi	NOUN
fsr-3917	98	3	(	(	PUNCT
fsr-3917	98	4	2	2	NUM
fsr-3917	98	5	)	)	PUNCT
fsr-3917	98	6	cut	cut	NOUN
fsr-3917	98	7	-	-	PUNCT
fsr-3917	98	8	off	off	ADP
fsr-3917	98	9	level	level	NOUN
fsr-3917	98	10	:	:	PUNCT
fsr-3917	98	11	ci	ci	PROPN
fsr-3917	98	12	5	5	NUM
fsr-3917	98	13	sm	sm	NOUN
fsr-3917	98	14	2	2	NUM
fsr-3917	98	15	o	o	NOUN
fsr-3917	98	16	j51	j51	NOUN
fsr-3917	99	1	i	i	PRON
fsr-3917	99	2	(	(	PUNCT
fsr-3917	99	3	rj	rj	PROPN
fsr-3917	99	4	2	2	NUM
fsr-3917	99	5	rf)bj	rf)bj	PROPN
fsr-3917	99	6	sej	sej	PROPN
fsr-3917	99	7	2	2	NUM
fsr-3917	99	8	1	1	NUM
fsr-3917	99	9	1	1	NUM
fsr-3917	99	10	sm	sm	NOUN
fsr-3917	99	11	2	2	NUM
fsr-3917	99	12	o	o	NOUN
fsr-3917	99	13	j51	j51	NOUN
fsr-3917	100	1	i	i	PRON
fsr-3917	100	2	s	s	VERB
fsr-3917	100	3	bj	bj	ADP
fsr-3917	100	4	2	2	NUM
fsr-3917	100	5	sej	sej	PROPN
fsr-3917	100	6	2	2	NUM
fsr-3917	100	7	d	d	NOUN
fsr-3917	100	8	(	(	PUNCT
fsr-3917	100	9	3	3	NUM
fsr-3917	100	10	)	)	PUNCT
fsr-3917	100	11	proportions	proportion	NOUN
fsr-3917	100	12	:	:	PUNCT
fsr-3917	101	1	wi	wi	PROPN
fsr-3917	101	2	5	5	NUM
fsr-3917	101	3	zi	zi	PROPN
fsr-3917	101	4	/	/	SYM
fsr-3917	101	5	o	o	PROPN
fsr-3917	101	6	j51	j51	NOUN
fsr-3917	101	7	n	n	PROPN
fsr-3917	101	8	zj	zj	PROPN
fsr-3917	101	9	,	,	PUNCT
fsr-3917	101	10	where	where	SCONJ
fsr-3917	101	11	(	(	PUNCT
fsr-3917	101	12	4	4	X
fsr-3917	101	13	)	)	PUNCT
fsr-3917	101	14	zi	zi	NOUN
fsr-3917	101	15	5	5	NUM
fsr-3917	101	16	bi	bi	NOUN
fsr-3917	101	17	/	/	SYM
fsr-3917	101	18	sei	sei	ADJ
fsr-3917	101	19	2	2	NUM
fsr-3917	101	20	(	(	PUNCT
fsr-3917	101	21	(	(	PUNCT
fsr-3917	101	22	ri2rf)/bi	ri2rf)/bi	NOUN
fsr-3917	101	23	2	2	NUM
fsr-3917	101	24	c	c	NOUN
fsr-3917	101	25	*	*	NOUN
fsr-3917	101	26	)	)	PUNCT
fsr-3917	101	27	where	where	SCONJ
fsr-3917	101	28	ri	ri	PROPN
fsr-3917	101	29	5	5	NUM
fsr-3917	101	30	return	return	NOUN
fsr-3917	101	31	on	on	ADP
fsr-3917	101	32	stock	stock	NOUN
fsr-3917	101	33	i	i	PRON
fsr-3917	101	34	;	;	PUNCT
fsr-3917	101	35	rm	rm	PROPN
fsr-3917	101	36	5	5	NUM
fsr-3917	101	37	return	return	NOUN
fsr-3917	101	38	on	on	ADP
fsr-3917	101	39	the	the	DET
fsr-3917	101	40	market	market	NOUN
fsr-3917	101	41	;	;	PUNCT
fsr-3917	101	42	ri	ri	PROPN
fsr-3917	101	43	5	5	NUM
fsr-3917	101	44	expected	expect	VERB
fsr-3917	101	45	return	return	NOUN
fsr-3917	101	46	on	on	ADP
fsr-3917	101	47	stock	stock	NOUN
fsr-3917	101	48	i	i	PRON
fsr-3917	101	49	;	;	PUNCT
fsr-3917	101	50	rf	rf	NUM
fsr-3917	101	51	5	5	NUM
fsr-3917	101	52	return	return	NOUN
fsr-3917	101	53	on	on	ADP
fsr-3917	101	54	a	a	DET
fsr-3917	101	55	riskless	riskless	NOUN
fsr-3917	101	56	asset	asset	NOUN
fsr-3917	101	57	;	;	PUNCT
fsr-3917	101	58	149a.l	149a.l	NUM
fsr-3917	101	59	.	.	PUNCT
fsr-3917	102	1	loviscek	loviscek	NOUN
fsr-3917	102	2	,	,	PUNCT
fsr-3917	102	3	w.j	w.j	PROPN
fsr-3917	102	4	.	.	PROPN
fsr-3917	102	5	jordan	jordan	PROPN
fsr-3917	102	6	/	/	SYM
fsr-3917	102	7	financial	financial	ADJ
fsr-3917	102	8	services	service	NOUN
fsr-3917	102	9	review	review	VERB
fsr-3917	102	10	9	9	NUM
fsr-3917	102	11	(	(	PUNCT
fsr-3917	102	12	2000	2000	NUM
fsr-3917	102	13	)	)	PUNCT
fsr-3917	103	1	145–157	145–157	NUM
fsr-3917	103	2	bi	bi	NOUN
fsr-3917	103	3	5	5	NUM
fsr-3917	103	4	beta	beta	NOUN
fsr-3917	103	5	of	of	ADP
fsr-3917	103	6	stock	stock	NOUN
fsr-3917	103	7	i	i	PRON
fsr-3917	103	8	;	;	PUNCT
fsr-3917	103	9	sm	sm	PROPN
fsr-3917	103	10	2	2	NUM
fsr-3917	103	11	5	5	NUM
fsr-3917	103	12	variance	variance	NOUN
fsr-3917	103	13	of	of	ADP
fsr-3917	103	14	the	the	DET
fsr-3917	103	15	market	market	NOUN
fsr-3917	103	16	;	;	PUNCT
fsr-3917	103	17	sei	sei	ADJ
fsr-3917	103	18	2	2	NUM
fsr-3917	103	19	5	5	NUM
fsr-3917	103	20	unsystematic	unsystematic	ADJ
fsr-3917	103	21	risk	risk	NOUN
fsr-3917	103	22	of	of	ADP
fsr-3917	103	23	stock	stock	NOUN
fsr-3917	103	24	i	i	PRON
fsr-3917	103	25	;	;	PUNCT
fsr-3917	103	26	wi	wi	PROPN
fsr-3917	103	27	5	5	NUM
fsr-3917	103	28	proportion	proportion	NOUN
fsr-3917	103	29	invested	invest	VERB
fsr-3917	103	30	in	in	ADP
fsr-3917	103	31	stock	stock	NOUN
fsr-3917	103	32	i	i	PRON
fsr-3917	103	33	;	;	PUNCT
fsr-3917	103	34	and	and	CCONJ
fsr-3917	103	35	c	c	X
fsr-3917	103	36	*	*	SYM
fsr-3917	103	37	5	5	NUM
fsr-3917	103	38	maximum	maximum	ADJ
fsr-3917	103	39	value	value	NOUN
fsr-3917	103	40	of	of	ADP
fsr-3917	103	41	ci	ci	PROPN
fsr-3917	103	42	4	4	NUM
fsr-3917	103	43	.	.	PUNCT
fsr-3917	103	44	application	application	NOUN
fsr-3917	103	45	and	and	CCONJ
fsr-3917	103	46	results	result	NOUN
fsr-3917	103	47	to	to	PART
fsr-3917	103	48	apply	apply	VERB
fsr-3917	103	49	the	the	DET
fsr-3917	103	50	egp	egp	PROPN
fsr-3917	103	51	approach	approach	NOUN
fsr-3917	103	52	,	,	PUNCT
fsr-3917	103	53	we	we	PRON
fsr-3917	103	54	use	use	VERB
fsr-3917	103	55	four	four	NUM
fsr-3917	103	56	steps	step	NOUN
fsr-3917	103	57	.	.	PUNCT
fsr-3917	104	1	first	first	ADV
fsr-3917	104	2	,	,	PUNCT
fsr-3917	104	3	following	follow	VERB
fsr-3917	104	4	haugen	haugen	PROPN
fsr-3917	104	5	and	and	CCONJ
fsr-3917	104	6	baker	baker	PROPN
fsr-3917	104	7	(	(	PUNCT
fsr-3917	104	8	1991	1991	NUM
fsr-3917	104	9	)	)	PUNCT
fsr-3917	104	10	,	,	PUNCT
fsr-3917	104	11	markowitz	markowitz	PROPN
fsr-3917	104	12	and	and	CCONJ
fsr-3917	104	13	xu	xu	PROPN
fsr-3917	104	14	(	(	PUNCT
fsr-3917	104	15	1994	1994	NUM
fsr-3917	104	16	)	)	PUNCT
fsr-3917	104	17	,	,	PUNCT
fsr-3917	104	18	elton	elton	PROPN
fsr-3917	104	19	,	,	PUNCT
fsr-3917	104	20	gruber	gruber	PROPN
fsr-3917	104	21	and	and	CCONJ
fsr-3917	104	22	blake	blake	PROPN
fsr-3917	104	23	(	(	PUNCT
fsr-3917	104	24	1996	1996	NUM
fsr-3917	104	25	)	)	PUNCT
fsr-3917	104	26	,	,	PUNCT
fsr-3917	104	27	and	and	CCONJ
fsr-3917	104	28	thaler	thaler	NOUN
fsr-3917	104	29	(	(	PUNCT
fsr-3917	104	30	1999	1999	NUM
fsr-3917	104	31	)	)	PUNCT
fsr-3917	104	32	,	,	PUNCT
fsr-3917	104	33	we	we	PRON
fsr-3917	104	34	compute	compute	VERB
fsr-3917	104	35	monthly	monthly	ADJ
fsr-3917	104	36	rates	rate	NOUN
fsr-3917	104	37	of	of	ADP
fsr-3917	104	38	return	return	NOUN
fsr-3917	104	39	on	on	ADP
fsr-3917	104	40	each	each	DET
fsr-3917	104	41	stock	stock	NOUN
fsr-3917	104	42	from	from	ADP
fsr-3917	104	43	six	six	NUM
fsr-3917	104	44	years	year	NOUN
fsr-3917	104	45	of	of	ADP
fsr-3917	104	46	monthly	monthly	ADJ
fsr-3917	104	47	historical	historical	ADJ
fsr-3917	104	48	stock	stock	NOUN
fsr-3917	104	49	prices	price	NOUN
fsr-3917	104	50	.	.	PUNCT
fsr-3917	105	1	following	follow	VERB
fsr-3917	105	2	this	this	DET
fsr-3917	105	3	literature	literature	NOUN
fsr-3917	105	4	,	,	PUNCT
fsr-3917	105	5	we	we	PRON
fsr-3917	105	6	then	then	ADV
fsr-3917	105	7	subtract	subtract	VERB
fsr-3917	105	8	the	the	DET
fsr-3917	105	9	respective	respective	ADJ
fsr-3917	105	10	monthly	monthly	ADJ
fsr-3917	105	11	treasury	treasury	NOUN
fsr-3917	105	12	bill	bill	NOUN
fsr-3917	105	13	rates	rate	NOUN
fsr-3917	105	14	of	of	ADP
fsr-3917	105	15	return	return	NOUN
fsr-3917	105	16	from	from	ADP
fsr-3917	105	17	the	the	DET
fsr-3917	105	18	monthly	monthly	ADJ
fsr-3917	105	19	returns	return	NOUN
fsr-3917	105	20	on	on	ADP
fsr-3917	105	21	each	each	DET
fsr-3917	105	22	stock	stock	NOUN
fsr-3917	105	23	to	to	PART
fsr-3917	105	24	express	express	VERB
fsr-3917	105	25	the	the	DET
fsr-3917	105	26	stock	stock	NOUN
fsr-3917	105	27	returns	return	NOUN
fsr-3917	105	28	in	in	ADP
fsr-3917	105	29	excess	excess	ADJ
fsr-3917	105	30	form	form	NOUN
fsr-3917	105	31	.	.	PUNCT
fsr-3917	106	1	for	for	ADP
fsr-3917	106	2	each	each	DET
fsr-3917	106	3	stock	stock	NOUN
fsr-3917	106	4	,	,	PUNCT
fsr-3917	106	5	the	the	DET
fsr-3917	106	6	arithmetic	arithmetic	ADJ
fsr-3917	106	7	mean	mean	NOUN
fsr-3917	106	8	of	of	ADP
fsr-3917	106	9	the	the	DET
fsr-3917	106	10	monthly	monthly	ADJ
fsr-3917	106	11	excess	excess	ADJ
fsr-3917	106	12	returns	return	NOUN
fsr-3917	106	13	serves	serve	VERB
fsr-3917	106	14	as	as	ADP
fsr-3917	106	15	the	the	DET
fsr-3917	106	16	expected	expect	VERB
fsr-3917	106	17	return	return	NOUN
fsr-3917	106	18	.	.	PUNCT
fsr-3917	107	1	for	for	ADP
fsr-3917	107	2	example	example	NOUN
fsr-3917	107	3	,	,	PUNCT
fsr-3917	107	4	as	as	ADP
fsr-3917	107	5	part	part	NOUN
fsr-3917	107	6	of	of	ADP
fsr-3917	107	7	building	build	VERB
fsr-3917	107	8	the	the	DET
fsr-3917	107	9	1989	1989	NUM
fsr-3917	107	10	portfolio	portfolio	NOUN
fsr-3917	107	11	,	,	PUNCT
fsr-3917	107	12	which	which	PRON
fsr-3917	107	13	begins	begin	VERB
fsr-3917	107	14	with	with	ADP
fsr-3917	107	15	95	95	NUM
fsr-3917	107	16	stocks	stock	NOUN
fsr-3917	107	17	,	,	PUNCT
fsr-3917	107	18	we	we	PRON
fsr-3917	107	19	compute	compute	VERB
fsr-3917	107	20	the	the	DET
fsr-3917	107	21	monthly	monthly	ADJ
fsr-3917	107	22	returns	return	NOUN
fsr-3917	107	23	on	on	ADP
fsr-3917	107	24	each	each	PRON
fsr-3917	107	25	of	of	ADP
fsr-3917	107	26	these	these	DET
fsr-3917	107	27	stocks	stock	NOUN
fsr-3917	107	28	from	from	ADP
fsr-3917	107	29	1984	1984	NUM
fsr-3917	107	30	through	through	ADP
fsr-3917	107	31	1989	1989	NUM
fsr-3917	107	32	,	,	PUNCT
fsr-3917	107	33	subtract	subtract	VERB
fsr-3917	107	34	the	the	DET
fsr-3917	107	35	respective	respective	ADJ
fsr-3917	107	36	monthly	monthly	ADJ
fsr-3917	107	37	treasury	treasury	NOUN
fsr-3917	107	38	bill	bill	NOUN
fsr-3917	107	39	returns	return	NOUN
fsr-3917	107	40	,	,	PUNCT
fsr-3917	107	41	and	and	CCONJ
fsr-3917	107	42	find	find	VERB
fsr-3917	107	43	the	the	DET
fsr-3917	107	44	arithmetic	arithmetic	ADJ
fsr-3917	107	45	mean	mean	NOUN
fsr-3917	107	46	of	of	ADP
fsr-3917	107	47	the	the	DET
fsr-3917	107	48	excess	excess	ADJ
fsr-3917	107	49	returns	return	NOUN
fsr-3917	107	50	.	.	PUNCT
fsr-3917	108	1	for	for	ADP
fsr-3917	108	2	the	the	DET
fsr-3917	108	3	1990	1990	NUM
fsr-3917	108	4	portfolio	portfolio	NOUN
fsr-3917	108	5	,	,	PUNCT
fsr-3917	108	6	which	which	PRON
fsr-3917	108	7	begins	begin	VERB
fsr-3917	108	8	with	with	ADP
fsr-3917	108	9	100	100	NUM
fsr-3917	108	10	stocks	stock	NOUN
fsr-3917	108	11	,	,	PUNCT
fsr-3917	108	12	we	we	PRON
fsr-3917	108	13	compute	compute	VERB
fsr-3917	108	14	the	the	DET
fsr-3917	108	15	monthly	monthly	ADJ
fsr-3917	108	16	returns	return	NOUN
fsr-3917	108	17	on	on	ADP
fsr-3917	108	18	each	each	PRON
fsr-3917	108	19	of	of	ADP
fsr-3917	108	20	these	these	DET
fsr-3917	108	21	stocks	stock	NOUN
fsr-3917	108	22	from	from	ADP
fsr-3917	108	23	1985	1985	NUM
fsr-3917	108	24	through	through	ADP
fsr-3917	108	25	1990	1990	NUM
fsr-3917	108	26	,	,	PUNCT
fsr-3917	108	27	followed	follow	VERB
fsr-3917	108	28	by	by	ADP
fsr-3917	108	29	subtracting	subtract	VERB
fsr-3917	108	30	the	the	DET
fsr-3917	108	31	respective	respective	ADJ
fsr-3917	108	32	monthly	monthly	ADJ
fsr-3917	108	33	treasury	treasury	NOUN
fsr-3917	108	34	bill	bill	NOUN
fsr-3917	108	35	returns	return	NOUN
fsr-3917	108	36	and	and	CCONJ
fsr-3917	108	37	finding	find	VERB
fsr-3917	108	38	the	the	DET
fsr-3917	108	39	arithmetic	arithmetic	ADJ
fsr-3917	108	40	mean	mean	NOUN
fsr-3917	108	41	of	of	ADP
fsr-3917	108	42	the	the	DET
fsr-3917	108	43	excess	excess	ADJ
fsr-3917	108	44	returns	return	NOUN
fsr-3917	108	45	.	.	PUNCT
fsr-3917	109	1	the	the	DET
fsr-3917	109	2	same	same	ADJ
fsr-3917	109	3	logic	logic	NOUN
fsr-3917	109	4	applies	apply	VERB
fsr-3917	109	5	to	to	ADP
fsr-3917	109	6	the	the	DET
fsr-3917	109	7	1991	1991	NUM
fsr-3917	109	8	,	,	PUNCT
fsr-3917	109	9	1992	1992	NUM
fsr-3917	109	10	,	,	PUNCT
fsr-3917	109	11	and	and	CCONJ
fsr-3917	109	12	1993	1993	NUM
fsr-3917	109	13	portfolios	portfolio	NOUN
fsr-3917	109	14	.	.	PUNCT
fsr-3917	110	1	second	second	ADJ
fsr-3917	110	2	,	,	PUNCT
fsr-3917	110	3	by	by	ADP
fsr-3917	110	4	regressing	regress	VERB
fsr-3917	110	5	the	the	DET
fsr-3917	110	6	monthly	monthly	ADJ
fsr-3917	110	7	excess	excess	ADJ
fsr-3917	110	8	returns	return	NOUN
fsr-3917	110	9	on	on	ADP
fsr-3917	110	10	each	each	DET
fsr-3917	110	11	stock	stock	NOUN
fsr-3917	110	12	against	against	ADP
fsr-3917	110	13	the	the	DET
fsr-3917	110	14	monthly	monthly	ADJ
fsr-3917	110	15	excess	excess	ADJ
fsr-3917	110	16	returns	return	NOUN
fsr-3917	110	17	on	on	ADP
fsr-3917	110	18	the	the	DET
fsr-3917	110	19	s&p	s&p	PROPN
fsr-3917	110	20	500	500	NUM
fsr-3917	110	21	,	,	PUNCT
fsr-3917	110	22	we	we	PRON
fsr-3917	110	23	estimate	estimate	VERB
fsr-3917	110	24	eq	eq	ADP
fsr-3917	110	25	.	.	PUNCT
fsr-3917	111	1	(	(	PUNCT
fsr-3917	111	2	1	1	NUM
fsr-3917	111	3	)	)	PUNCT
fsr-3917	111	4	,	,	PUNCT
fsr-3917	111	5	the	the	DET
fsr-3917	111	6	single	single	ADJ
fsr-3917	111	7	-	-	PUNCT
fsr-3917	111	8	index	index	NOUN
fsr-3917	111	9	model	model	NOUN
fsr-3917	111	10	.	.	PUNCT
fsr-3917	112	1	it	it	PRON
fsr-3917	112	2	provides	provide	VERB
fsr-3917	112	3	the	the	DET
fsr-3917	112	4	estimates	estimate	NOUN
fsr-3917	112	5	of	of	ADP
fsr-3917	112	6	each	each	DET
fsr-3917	112	7	stock	stock	NOUN
fsr-3917	112	8	’s	’s	PART
fsr-3917	112	9	beta	beta	ADJ
fsr-3917	112	10	and	and	CCONJ
fsr-3917	112	11	unsystematic	unsystematic	ADJ
fsr-3917	112	12	risk	risk	NOUN
fsr-3917	112	13	.	.	PUNCT
fsr-3917	113	1	the	the	DET
fsr-3917	113	2	latter	latter	ADJ
fsr-3917	113	3	is	be	AUX
fsr-3917	113	4	obtained	obtain	VERB
fsr-3917	113	5	by	by	ADP
fsr-3917	113	6	squaring	square	VERB
fsr-3917	113	7	the	the	DET
fsr-3917	113	8	standard	standard	ADJ
fsr-3917	113	9	error	error	NOUN
fsr-3917	113	10	of	of	ADP
fsr-3917	113	11	the	the	DET
fsr-3917	113	12	regression	regression	NOUN
fsr-3917	113	13	.	.	PUNCT
fsr-3917	114	1	to	to	PART
fsr-3917	114	2	improve	improve	VERB
fsr-3917	114	3	the	the	DET
fsr-3917	114	4	accuracy	accuracy	NOUN
fsr-3917	114	5	of	of	ADP
fsr-3917	114	6	these	these	DET
fsr-3917	114	7	historical	historical	ADJ
fsr-3917	114	8	betas	beta	NOUN
fsr-3917	114	9	as	as	ADP
fsr-3917	114	10	estimates	estimate	NOUN
fsr-3917	114	11	of	of	ADP
fsr-3917	114	12	future	future	ADJ
fsr-3917	114	13	betas	beta	NOUN
fsr-3917	114	14	,	,	PUNCT
fsr-3917	114	15	following	follow	VERB
fsr-3917	114	16	kolb	kolb	PROPN
fsr-3917	114	17	and	and	CCONJ
fsr-3917	114	18	rodriguez	rodriguez	PROPN
fsr-3917	114	19	(	(	PUNCT
fsr-3917	114	20	1990	1990	NUM
fsr-3917	114	21	)	)	PUNCT
fsr-3917	114	22	and	and	CCONJ
fsr-3917	114	23	tucker	tucker	PROPN
fsr-3917	114	24	,	,	PUNCT
fsr-3917	114	25	becker	becker	PROPN
fsr-3917	114	26	,	,	PUNCT
fsr-3917	114	27	isimbabi	isimbabi	NOUN
fsr-3917	114	28	and	and	CCONJ
fsr-3917	114	29	ogden	ogden	PROPN
fsr-3917	114	30	(	(	PUNCT
fsr-3917	114	31	1994	1994	NUM
fsr-3917	114	32	)	)	PUNCT
fsr-3917	114	33	,	,	PUNCT
fsr-3917	114	34	we	we	PRON
fsr-3917	114	35	adjust	adjust	VERB
fsr-3917	114	36	the	the	DET
fsr-3917	114	37	historical	historical	ADJ
fsr-3917	114	38	betas	beta	NOUN
fsr-3917	114	39	for	for	ADP
fsr-3917	114	40	the	the	DET
fsr-3917	114	41	possibility	possibility	NOUN
fsr-3917	114	42	of	of	ADP
fsr-3917	114	43	nonstationarity	nonstationarity	NOUN
fsr-3917	114	44	by	by	ADP
fsr-3917	114	45	using	use	VERB
fsr-3917	114	46	the	the	DET
fsr-3917	114	47	standard	standard	ADJ
fsr-3917	114	48	formula	formula	NOUN
fsr-3917	114	49	0.3431	0.3431	NUM
fsr-3917	114	50	0.677	0.677	NUM
fsr-3917	114	51	x	x	SYM
fsr-3917	114	52	(	(	PUNCT
fsr-3917	114	53	historical	historical	ADJ
fsr-3917	114	54	beta	beta	NOUN
fsr-3917	114	55	)	)	PUNCT
fsr-3917	114	56	.	.	PUNCT
fsr-3917	115	1	this	this	DET
fsr-3917	115	2	formula	formula	NOUN
fsr-3917	115	3	is	be	AUX
fsr-3917	115	4	designed	design	VERB
fsr-3917	115	5	to	to	PART
fsr-3917	115	6	account	account	VERB
fsr-3917	115	7	for	for	ADP
fsr-3917	115	8	the	the	DET
fsr-3917	115	9	observed	observed	ADJ
fsr-3917	115	10	tendency	tendency	NOUN
fsr-3917	115	11	of	of	ADP
fsr-3917	115	12	betas	beta	NOUN
fsr-3917	115	13	to	to	ADP
fsr-3917	115	14	regress	regress	NOUN
fsr-3917	115	15	to	to	ADP
fsr-3917	115	16	1	1	NUM
fsr-3917	115	17	.	.	PUNCT
fsr-3917	115	18	third	third	ADJ
fsr-3917	115	19	,	,	PUNCT
fsr-3917	115	20	following	follow	VERB
fsr-3917	115	21	eq	eq	ADP
fsr-3917	115	22	.	.	PUNCT
fsr-3917	116	1	(	(	PUNCT
fsr-3917	116	2	2	2	NUM
fsr-3917	116	3	)	)	PUNCT
fsr-3917	116	4	,	,	PUNCT
fsr-3917	116	5	we	we	PRON
fsr-3917	116	6	rank	rank	VERB
fsr-3917	116	7	the	the	DET
fsr-3917	116	8	stocks	stock	NOUN
fsr-3917	116	9	,	,	PUNCT
fsr-3917	116	10	from	from	ADP
fsr-3917	116	11	highest	high	ADJ
fsr-3917	116	12	to	to	PART
fsr-3917	116	13	lowest	low	ADJ
fsr-3917	116	14	,	,	PUNCT
fsr-3917	116	15	in	in	ADP
fsr-3917	116	16	terms	term	NOUN
fsr-3917	116	17	of	of	ADP
fsr-3917	116	18	each	each	DET
fsr-3917	116	19	stock	stock	NOUN
fsr-3917	116	20	’s	’s	PART
fsr-3917	116	21	excess	excess	ADJ
fsr-3917	116	22	return	return	NOUN
fsr-3917	116	23	to	to	ADP
fsr-3917	116	24	beta	beta	NOUN
fsr-3917	116	25	.	.	PUNCT
fsr-3917	117	1	in	in	ADP
fsr-3917	117	2	doing	do	VERB
fsr-3917	117	3	so	so	ADV
fsr-3917	117	4	,	,	PUNCT
fsr-3917	117	5	we	we	PRON
fsr-3917	117	6	are	be	AUX
fsr-3917	117	7	following	follow	VERB
fsr-3917	117	8	the	the	DET
fsr-3917	117	9	principles	principle	NOUN
fsr-3917	117	10	of	of	ADP
fsr-3917	117	11	modern	modern	ADJ
fsr-3917	117	12	portfolio	portfolio	NOUN
fsr-3917	117	13	theory	theory	NOUN
fsr-3917	117	14	in	in	ADP
fsr-3917	117	15	that	that	SCONJ
fsr-3917	117	16	we	we	PRON
fsr-3917	117	17	are	be	AUX
fsr-3917	117	18	attempting	attempt	VERB
fsr-3917	117	19	to	to	PART
fsr-3917	117	20	maximize	maximize	VERB
fsr-3917	117	21	a	a	DET
fsr-3917	117	22	portfolio	portfolio	NOUN
fsr-3917	117	23	’s	’s	PART
fsr-3917	117	24	return	return	NOUN
fsr-3917	117	25	for	for	ADP
fsr-3917	117	26	a	a	DET
fsr-3917	117	27	given	give	VERB
fsr-3917	117	28	level	level	NOUN
fsr-3917	117	29	of	of	ADP
fsr-3917	117	30	risk	risk	NOUN
fsr-3917	117	31	.	.	PUNCT
fsr-3917	118	1	for	for	ADP
fsr-3917	118	2	example	example	NOUN
fsr-3917	118	3	,	,	PUNCT
fsr-3917	118	4	for	for	ADP
fsr-3917	118	5	the	the	DET
fsr-3917	118	6	1989	1989	NUM
fsr-3917	118	7	portfolio	portfolio	NOUN
fsr-3917	118	8	,	,	PUNCT
fsr-3917	118	9	we	we	PRON
fsr-3917	118	10	rank	rank	VERB
fsr-3917	118	11	the	the	DET
fsr-3917	118	12	95	95	NUM
fsr-3917	118	13	stocks	stock	NOUN
fsr-3917	118	14	in	in	ADP
fsr-3917	118	15	terms	term	NOUN
fsr-3917	118	16	of	of	ADP
fsr-3917	118	17	excess	excess	ADJ
fsr-3917	118	18	return	return	NOUN
fsr-3917	118	19	to	to	ADP
fsr-3917	118	20	beta	beta	NOUN
fsr-3917	118	21	.	.	PUNCT
fsr-3917	119	1	for	for	ADP
fsr-3917	119	2	the	the	DET
fsr-3917	119	3	1990	1990	NUM
fsr-3917	119	4	portfolio	portfolio	NOUN
fsr-3917	119	5	,	,	PUNCT
fsr-3917	119	6	we	we	PRON
fsr-3917	119	7	rank	rank	VERB
fsr-3917	119	8	the	the	DET
fsr-3917	119	9	100	100	NUM
fsr-3917	119	10	stocks	stock	NOUN
fsr-3917	119	11	in	in	ADP
fsr-3917	119	12	terms	term	NOUN
fsr-3917	119	13	of	of	ADP
fsr-3917	119	14	excess	excess	ADJ
fsr-3917	119	15	return	return	NOUN
fsr-3917	119	16	to	to	ADP
fsr-3917	119	17	beta	beta	NOUN
fsr-3917	119	18	,	,	PUNCT
fsr-3917	119	19	and	and	CCONJ
fsr-3917	119	20	so	so	ADV
fsr-3917	119	21	on	on	ADV
fsr-3917	119	22	for	for	ADP
fsr-3917	119	23	the	the	DET
fsr-3917	119	24	1991	1991	NUM
fsr-3917	119	25	,	,	PUNCT
fsr-3917	119	26	1992	1992	NUM
fsr-3917	119	27	,	,	PUNCT
fsr-3917	119	28	and	and	CCONJ
fsr-3917	119	29	1993	1993	NUM
fsr-3917	119	30	portfolios	portfolio	NOUN
fsr-3917	119	31	.	.	PUNCT
fsr-3917	120	1	for	for	ADP
fsr-3917	120	2	each	each	DET
fsr-3917	120	3	ranking	ranking	NOUN
fsr-3917	120	4	of	of	ADP
fsr-3917	120	5	stocks	stock	NOUN
fsr-3917	120	6	,	,	PUNCT
fsr-3917	120	7	the	the	DET
fsr-3917	120	8	task	task	NOUN
fsr-3917	120	9	now	now	ADV
fsr-3917	120	10	becomes	become	VERB
fsr-3917	120	11	one	one	NUM
fsr-3917	120	12	of	of	ADP
fsr-3917	120	13	determining	determine	VERB
fsr-3917	120	14	which	which	PRON
fsr-3917	120	15	of	of	ADP
fsr-3917	120	16	the	the	DET
fsr-3917	120	17	stocks	stock	NOUN
fsr-3917	120	18	make	make	VERB
fsr-3917	120	19	up	up	ADP
fsr-3917	120	20	each	each	DET
fsr-3917	120	21	portfolio	portfolio	NOUN
fsr-3917	120	22	.	.	PUNCT
fsr-3917	121	1	fourth	fourth	ADJ
fsr-3917	121	2	,	,	PUNCT
fsr-3917	121	3	to	to	PART
fsr-3917	121	4	determine	determine	VERB
fsr-3917	121	5	the	the	DET
fsr-3917	121	6	composition	composition	NOUN
fsr-3917	121	7	of	of	ADP
fsr-3917	121	8	each	each	DET
fsr-3917	121	9	portfolio	portfolio	NOUN
fsr-3917	121	10	,	,	PUNCT
fsr-3917	121	11	we	we	PRON
fsr-3917	121	12	apply	apply	VERB
fsr-3917	121	13	eq	eq	ADP
fsr-3917	121	14	.	.	PUNCT
fsr-3917	122	1	(	(	PUNCT
fsr-3917	122	2	3	3	NUM
fsr-3917	122	3	)	)	PUNCT
fsr-3917	122	4	,	,	PUNCT
fsr-3917	122	5	the	the	DET
fsr-3917	122	6	cutoff	cutoff	NOUN
fsr-3917	122	7	formula	formula	NOUN
fsr-3917	122	8	.	.	PUNCT
fsr-3917	123	1	the	the	DET
fsr-3917	123	2	rule	rule	NOUN
fsr-3917	123	3	is	be	AUX
fsr-3917	123	4	that	that	SCONJ
fsr-3917	123	5	a	a	DET
fsr-3917	123	6	stock	stock	NOUN
fsr-3917	123	7	is	be	AUX
fsr-3917	123	8	included	include	VERB
fsr-3917	123	9	in	in	ADP
fsr-3917	123	10	the	the	DET
fsr-3917	123	11	portfolio	portfolio	NOUN
fsr-3917	123	12	as	as	ADV
fsr-3917	123	13	long	long	ADV
fsr-3917	123	14	as	as	SCONJ
fsr-3917	123	15	its	its	PRON
fsr-3917	123	16	excess	excess	ADJ
fsr-3917	123	17	return	return	NOUN
fsr-3917	123	18	to	to	ADP
fsr-3917	123	19	beta	beta	NOUN
fsr-3917	123	20	exceeds	exceed	NOUN
fsr-3917	123	21	its	its	PRON
fsr-3917	123	22	cutoff	cutoff	NOUN
fsr-3917	123	23	value	value	NOUN
fsr-3917	123	24	,	,	PUNCT
fsr-3917	123	25	ci	ci	PROPN
fsr-3917	123	26	.	.	PUNCT
fsr-3917	124	1	an	an	DET
fsr-3917	124	2	interpretation	interpretation	NOUN
fsr-3917	124	3	of	of	ADP
fsr-3917	124	4	this	this	DET
fsr-3917	124	5	step	step	NOUN
fsr-3917	124	6	is	be	AUX
fsr-3917	124	7	that	that	SCONJ
fsr-3917	124	8	the	the	PRON
fsr-3917	124	9	more	more	ADJ
fsr-3917	124	10	a	a	DET
fsr-3917	124	11	stock	stock	NOUN
fsr-3917	124	12	is	be	AUX
fsr-3917	124	13	expected	expect	VERB
fsr-3917	124	14	to	to	PART
fsr-3917	124	15	perform	perform	VERB
fsr-3917	124	16	relative	relative	ADJ
fsr-3917	124	17	to	to	ADP
fsr-3917	124	18	that	that	PRON
fsr-3917	124	19	of	of	ADP
fsr-3917	124	20	the	the	DET
fsr-3917	124	21	portfolio	portfolio	NOUN
fsr-3917	124	22	,	,	PUNCT
fsr-3917	124	23	the	the	PRON
fsr-3917	124	24	more	more	ADV
fsr-3917	124	25	likely	likely	ADJ
fsr-3917	124	26	the	the	DET
fsr-3917	124	27	stock	stock	NOUN
fsr-3917	124	28	will	will	AUX
fsr-3917	124	29	be	be	AUX
fsr-3917	124	30	included	include	VERB
fsr-3917	124	31	in	in	ADP
fsr-3917	124	32	the	the	DET
fsr-3917	124	33	portfolio	portfolio	NOUN
fsr-3917	124	34	.	.	PUNCT
fsr-3917	125	1	after	after	ADP
fsr-3917	125	2	determining	determine	VERB
fsr-3917	125	3	the	the	DET
fsr-3917	125	4	composition	composition	NOUN
fsr-3917	125	5	of	of	ADP
fsr-3917	125	6	each	each	DET
fsr-3917	125	7	portfolio	portfolio	NOUN
fsr-3917	125	8	,	,	PUNCT
fsr-3917	125	9	we	we	PRON
fsr-3917	125	10	determine	determine	VERB
fsr-3917	125	11	how	how	SCONJ
fsr-3917	125	12	much	much	ADJ
fsr-3917	125	13	to	to	PART
fsr-3917	125	14	invest	invest	VERB
fsr-3917	125	15	in	in	ADP
fsr-3917	125	16	each	each	DET
fsr-3917	125	17	stock	stock	NOUN
fsr-3917	125	18	by	by	ADP
fsr-3917	125	19	following	follow	VERB
fsr-3917	125	20	eq	eq	ADP
fsr-3917	125	21	.	.	PUNCT
fsr-3917	126	1	(	(	PUNCT
fsr-3917	126	2	4	4	NUM
fsr-3917	126	3	)	)	PUNCT
fsr-3917	126	4	.	.	PUNCT
fsr-3917	127	1	an	an	DET
fsr-3917	127	2	interpretation	interpretation	NOUN
fsr-3917	127	3	of	of	ADP
fsr-3917	127	4	this	this	DET
fsr-3917	127	5	equation	equation	NOUN
fsr-3917	127	6	is	be	AUX
fsr-3917	127	7	that	that	SCONJ
fsr-3917	127	8	the	the	PRON
fsr-3917	127	9	higher	high	ADJ
fsr-3917	127	10	a	a	DET
fsr-3917	127	11	stock	stock	NOUN
fsr-3917	127	12	’s	’s	PART
fsr-3917	127	13	expected	expect	VERB
fsr-3917	127	14	excess	excess	ADJ
fsr-3917	127	15	return	return	NOUN
fsr-3917	127	16	to	to	ADP
fsr-3917	127	17	beta	beta	NOUN
fsr-3917	127	18	and	and	CCONJ
fsr-3917	127	19	the	the	DET
fsr-3917	127	20	lower	low	ADJ
fsr-3917	127	21	its	its	PRON
fsr-3917	127	22	unsystematic	unsystematic	ADJ
fsr-3917	127	23	risk	risk	NOUN
fsr-3917	127	24	,	,	PUNCT
fsr-3917	127	25	the	the	PRON
fsr-3917	127	26	greater	great	ADJ
fsr-3917	127	27	the	the	DET
fsr-3917	127	28	150	150	NUM
fsr-3917	127	29	a.l	a.l	NOUN
fsr-3917	127	30	.	.	PROPN
fsr-3917	127	31	loviscek	loviscek	PROPN
fsr-3917	127	32	,	,	PUNCT
fsr-3917	127	33	w.j	w.j	PROPN
fsr-3917	127	34	.	.	PROPN
fsr-3917	127	35	jordan	jordan	PROPN
fsr-3917	127	36	/	/	SYM
fsr-3917	127	37	financial	financial	ADJ
fsr-3917	127	38	services	service	NOUN
fsr-3917	127	39	review	review	VERB
fsr-3917	127	40	9	9	NUM
fsr-3917	127	41	(	(	PUNCT
fsr-3917	127	42	2000	2000	NUM
fsr-3917	127	43	)	)	PUNCT
fsr-3917	127	44	145–157	145–157	NUM
fsr-3917	127	45	percentage	percentage	NOUN
fsr-3917	127	46	that	that	PRON
fsr-3917	127	47	will	will	AUX
fsr-3917	127	48	be	be	AUX
fsr-3917	127	49	invested	invest	VERB
fsr-3917	127	50	in	in	ADP
fsr-3917	127	51	the	the	DET
fsr-3917	127	52	stock	stock	NOUN
fsr-3917	127	53	.	.	PUNCT
fsr-3917	128	1	as	as	ADP
fsr-3917	128	2	an	an	DET
fsr-3917	128	3	additional	additional	ADJ
fsr-3917	128	4	test	test	NOUN
fsr-3917	128	5	of	of	ADP
fsr-3917	128	6	the	the	DET
fsr-3917	128	7	results	result	NOUN
fsr-3917	128	8	,	,	PUNCT
fsr-3917	128	9	we	we	PRON
fsr-3917	128	10	construct	construct	VERB
fsr-3917	128	11	a	a	DET
fsr-3917	128	12	set	set	NOUN
fsr-3917	128	13	of	of	ADP
fsr-3917	128	14	portfolios	portfolio	NOUN
fsr-3917	128	15	without	without	ADP
fsr-3917	128	16	using	use	VERB
fsr-3917	128	17	eq	eq	ADP
fsr-3917	128	18	.	.	PUNCT
fsr-3917	129	1	(	(	PUNCT
fsr-3917	129	2	4	4	NUM
fsr-3917	129	3	)	)	PUNCT
fsr-3917	129	4	.	.	PUNCT
fsr-3917	130	1	the	the	DET
fsr-3917	130	2	result	result	NOUN
fsr-3917	130	3	is	be	AUX
fsr-3917	130	4	a	a	DET
fsr-3917	130	5	set	set	NOUN
fsr-3917	130	6	of	of	ADP
fsr-3917	130	7	portfolios	portfolio	NOUN
fsr-3917	130	8	of	of	ADP
fsr-3917	130	9	stocks	stock	NOUN
fsr-3917	130	10	that	that	PRON
fsr-3917	130	11	have	have	VERB
fsr-3917	130	12	equal	equal	ADJ
fsr-3917	130	13	weights	weight	NOUN
fsr-3917	130	14	.	.	PUNCT
fsr-3917	131	1	the	the	DET
fsr-3917	131	2	composition	composition	NOUN
fsr-3917	131	3	of	of	ADP
fsr-3917	131	4	each	each	PRON
fsr-3917	131	5	of	of	ADP
fsr-3917	131	6	the	the	DET
fsr-3917	131	7	egp	egp	PROPN
fsr-3917	131	8	portfolios	portfolio	NOUN
fsr-3917	131	9	is	be	AUX
fsr-3917	131	10	shown	show	VERB
fsr-3917	131	11	in	in	ADP
fsr-3917	131	12	table	table	NOUN
fsr-3917	131	13	1	1	NUM
fsr-3917	131	14	.	.	PUNCT
fsr-3917	132	1	the	the	DET
fsr-3917	132	2	1990	1990	NUM
fsr-3917	132	3	portfolio	portfolio	NOUN
fsr-3917	132	4	has	have	VERB
fsr-3917	132	5	the	the	DET
fsr-3917	132	6	largest	large	ADJ
fsr-3917	132	7	number	number	NOUN
fsr-3917	132	8	of	of	ADP
fsr-3917	132	9	stocks	stock	NOUN
fsr-3917	132	10	;	;	PUNCT
fsr-3917	132	11	thirteen	thirteen	NUM
fsr-3917	132	12	have	have	VERB
fsr-3917	132	13	excess	excess	ADJ
fsr-3917	132	14	returns	return	NOUN
fsr-3917	132	15	to	to	ADP
fsr-3917	132	16	beta	beta	NOUN
fsr-3917	132	17	that	that	PRON
fsr-3917	132	18	exceed	exceed	VERB
fsr-3917	132	19	the	the	DET
fsr-3917	132	20	cutoff	cutoff	NOUN
fsr-3917	132	21	values	value	NOUN
fsr-3917	132	22	.	.	PUNCT
fsr-3917	133	1	the	the	DET
fsr-3917	133	2	1993	1993	NUM
fsr-3917	133	3	portfolio	portfolio	NOUN
fsr-3917	133	4	has	have	VERB
fsr-3917	133	5	the	the	DET
fsr-3917	133	6	smallest	small	ADJ
fsr-3917	133	7	number	number	NOUN
fsr-3917	133	8	,	,	PUNCT
fsr-3917	133	9	with	with	ADP
fsr-3917	133	10	only	only	ADV
fsr-3917	133	11	eight	eight	NUM
fsr-3917	133	12	stocks	stock	NOUN
fsr-3917	133	13	exceeding	exceed	VERB
fsr-3917	133	14	the	the	DET
fsr-3917	133	15	cutoff	cutoff	NOUN
fsr-3917	133	16	levels	level	NOUN
fsr-3917	133	17	.	.	PUNCT
fsr-3917	134	1	regardless	regardless	ADV
fsr-3917	134	2	of	of	ADP
fsr-3917	134	3	the	the	DET
fsr-3917	134	4	number	number	NOUN
fsr-3917	134	5	,	,	PUNCT
fsr-3917	134	6	the	the	DET
fsr-3917	134	7	composition	composition	NOUN
fsr-3917	134	8	of	of	ADP
fsr-3917	134	9	each	each	DET
fsr-3917	134	10	portfolio	portfolio	NOUN
fsr-3917	134	11	tends	tend	VERB
fsr-3917	134	12	to	to	PART
fsr-3917	134	13	be	be	AUX
fsr-3917	134	14	table	table	NOUN
fsr-3917	134	15	1	1	NUM
fsr-3917	134	16	composition	composition	NOUN
fsr-3917	134	17	of	of	ADP
fsr-3917	134	18	the	the	DET
fsr-3917	134	19	portfolios	portfolio	NOUN
fsr-3917	134	20	built	build	VERB
fsr-3917	134	21	from	from	ADP
fsr-3917	134	22	the	the	DET
fsr-3917	134	23	top	top	ADJ
fsr-3917	134	24	five	five	NUM
fsr-3917	134	25	holdings	holding	NOUN
fsr-3917	134	26	of	of	ADP
fsr-3917	134	27	morningstar	morningstar	PROPN
fsr-3917	134	28	’s	’s	PART
fsr-3917	134	29	ten	ten	NUM
fsr-3917	134	30	-	-	PUNCT
fsr-3917	134	31	year	year	NOUN
fsr-3917	134	32	,	,	PUNCT
fsr-3917	134	33	five	five	NUM
fsr-3917	134	34	-	-	PUNCT
fsr-3917	134	35	star	star	NOUN
fsr-3917	134	36	funds	fund	NOUN
fsr-3917	134	37	using	use	VERB
fsr-3917	134	38	the	the	DET
fsr-3917	134	39	elton	elton	PROPN
fsr-3917	134	40	-	-	PUNCT
fsr-3917	134	41	gruber	gruber	PROPN
fsr-3917	134	42	-	-	PUNCT
fsr-3917	134	43	padberg	padberg	NOUN
fsr-3917	134	44	approach	approach	NOUN
fsr-3917	134	45	1989	1989	NUM
fsr-3917	134	46	portfolio	portfolio	NOUN
fsr-3917	134	47	1992	1992	NUM
fsr-3917	134	48	portfolio	portfolio	NOUN
fsr-3917	134	49	ameritech	ameritech	PROPN
fsr-3917	134	50	bombay	bombay	PROPN
fsr-3917	134	51	de	de	PROPN
fsr-3917	134	52	beers	beers	PROPN
fsr-3917	134	53	coca	coca	PROPN
fsr-3917	134	54	cola	cola	PROPN
fsr-3917	134	55	dillard	dillard	PROPN
fsr-3917	134	56	’s	’s	PART
fsr-3917	134	57	conseco	conseco	PROPN
fsr-3917	134	58	p.h	p.h	PROPN
fsr-3917	134	59	.	.	PROPN
fsr-3917	134	60	glatfelter	glatfelter	PROPN
fsr-3917	134	61	harley	harley	PROPN
fsr-3917	134	62	davidson	davidson	PROPN
fsr-3917	134	63	gpu	gpu	PROPN
fsr-3917	134	64	intel	intel	PROPN
fsr-3917	134	65	houston	houston	PROPN
fsr-3917	134	66	industries	industry	NOUN
fsr-3917	134	67	international	international	ADJ
fsr-3917	134	68	game	game	NOUN
fsr-3917	134	69	technology	technology	PROPN
fsr-3917	134	70	merck	merck	PROPN
fsr-3917	134	71	microsoft	microsoft	PROPN
fsr-3917	134	72	philip	philip	PROPN
fsr-3917	134	73	morris	morris	PROPN
fsr-3917	134	74	minorco	minorco	PROPN
fsr-3917	134	75	pacific	pacific	PROPN
fsr-3917	134	76	telesis	telesis	PROPN
fsr-3917	134	77	weatherford	weatherford	PROPN
fsr-3917	134	78	international	international	PROPN
fsr-3917	134	79	pacificorp	pacificorp	PROPN
fsr-3917	134	80	waste	waste	PROPN
fsr-3917	134	81	management	management	PROPN
fsr-3917	134	82	1993	1993	NUM
fsr-3917	134	83	portfolio	portfolio	NOUN
fsr-3917	134	84	chevron	chevron	NOUN
fsr-3917	134	85	1990	1990	NUM
fsr-3917	134	86	portfolio	portfolio	NOUN
fsr-3917	134	87	dsc	dsc	PROPN
fsr-3917	134	88	communications	communications	PROPN
fsr-3917	134	89	atlantic	atlantic	PROPN
fsr-3917	134	90	richfield	richfield	PROPN
fsr-3917	134	91	entergy	entergy	PROPN
fsr-3917	134	92	central	central	PROPN
fsr-3917	134	93	and	and	CCONJ
fsr-3917	134	94	south	south	PROPN
fsr-3917	134	95	west	west	PROPN
fsr-3917	134	96	intel	intel	PROPN
fsr-3917	134	97	dqe	dqe	VERB
fsr-3917	134	98	mci	mci	PROPN
fsr-3917	134	99	communications	communication	NOUN
fsr-3917	134	100	gpu	gpu	PROPN
fsr-3917	134	101	microsoft	microsoft	PROPN
fsr-3917	134	102	mccormick	mccormick	PROPN
fsr-3917	134	103	motorola	motorola	PROPN
fsr-3917	134	104	merck	merck	PROPN
fsr-3917	134	105	scimed	scime	VERB
fsr-3917	134	106	life	life	PROPN
fsr-3917	134	107	systems	systems	PROPN
fsr-3917	134	108	minorco	minorco	PROPN
fsr-3917	134	109	pepsico	pepsico	PROPN
fsr-3917	134	110	philip	philip	PROPN
fsr-3917	134	111	morris	morris	PROPN
fsr-3917	134	112	royal	royal	PROPN
fsr-3917	134	113	dutch	dutch	PROPN
fsr-3917	134	114	shell	shell	NOUN
fsr-3917	134	115	schering	schering	NOUN
fsr-3917	134	116	plough	plough	NOUN
fsr-3917	134	117	texaco	texaco	PROPN
fsr-3917	134	118	union	union	PROPN
fsr-3917	134	119	electric	electric	PROPN
fsr-3917	134	120	1991	1991	NUM
fsr-3917	134	121	portfolio	portfolio	NOUN
fsr-3917	134	122	amgen	amgen	PROPN
fsr-3917	134	123	biomet	biomet	PROPN
fsr-3917	134	124	coca	coca	PROPN
fsr-3917	134	125	cola	cola	PROPN
fsr-3917	134	126	de	de	PROPN
fsr-3917	134	127	beers	beers	PROPN
fsr-3917	134	128	gpu	gpu	PROPN
fsr-3917	134	129	medtronic	medtronic	PROPN
fsr-3917	134	130	merck	merck	PROPN
fsr-3917	134	131	philip	philip	PROPN
fsr-3917	134	132	morris	morris	PROPN
fsr-3917	134	133	royal	royal	PROPN
fsr-3917	134	134	dutch	dutch	PROPN
fsr-3917	134	135	shell	shell	VERB
fsr-3917	134	136	the	the	DET
fsr-3917	134	137	gap	gap	NOUN
fsr-3917	134	138	unilever	unilever	PROPN
fsr-3917	134	139	151a.l	151a.l	NUM
fsr-3917	134	140	.	.	PUNCT
fsr-3917	135	1	loviscek	loviscek	NOUN
fsr-3917	135	2	,	,	PUNCT
fsr-3917	135	3	w.j	w.j	PROPN
fsr-3917	135	4	.	.	PROPN
fsr-3917	135	5	jordan	jordan	PROPN
fsr-3917	135	6	/	/	SYM
fsr-3917	135	7	financial	financial	ADJ
fsr-3917	135	8	services	service	NOUN
fsr-3917	135	9	review	review	VERB
fsr-3917	135	10	9	9	NUM
fsr-3917	135	11	(	(	PUNCT
fsr-3917	135	12	2000	2000	NUM
fsr-3917	135	13	)	)	PUNCT
fsr-3917	136	1	145–157	145–157	NUM
fsr-3917	136	2	dominated	dominate	VERB
fsr-3917	136	3	by	by	ADP
fsr-3917	136	4	large	large	ADJ
fsr-3917	136	5	-	-	PUNCT
fsr-3917	136	6	cap	cap	NOUN
fsr-3917	136	7	stocks	stock	NOUN
fsr-3917	136	8	,	,	PUNCT
fsr-3917	136	9	such	such	ADJ
fsr-3917	136	10	as	as	ADP
fsr-3917	136	11	chevron	chevron	NOUN
fsr-3917	136	12	,	,	PUNCT
fsr-3917	136	13	coca	coca	PROPN
fsr-3917	136	14	cola	cola	PROPN
fsr-3917	136	15	,	,	PUNCT
fsr-3917	136	16	intel	intel	PROPN
fsr-3917	136	17	,	,	PUNCT
fsr-3917	136	18	medtronic	medtronic	NOUN
fsr-3917	136	19	,	,	PUNCT
fsr-3917	136	20	merck	merck	PROPN
fsr-3917	136	21	,	,	PUNCT
fsr-3917	136	22	pepsico	pepsico	PROPN
fsr-3917	136	23	,	,	PUNCT
fsr-3917	136	24	philip	philip	PROPN
fsr-3917	136	25	morris	morris	PROPN
fsr-3917	136	26	,	,	PUNCT
fsr-3917	136	27	and	and	CCONJ
fsr-3917	136	28	royal	royal	ADJ
fsr-3917	136	29	dutch	dutch	ADJ
fsr-3917	136	30	shell	shell	NOUN
fsr-3917	136	31	.	.	PUNCT
fsr-3917	137	1	after	after	ADP
fsr-3917	137	2	building	build	VERB
fsr-3917	137	3	a	a	DET
fsr-3917	137	4	portfolio	portfolio	NOUN
fsr-3917	137	5	for	for	ADP
fsr-3917	137	6	a	a	DET
fsr-3917	137	7	given	give	VERB
fsr-3917	137	8	year	year	NOUN
fsr-3917	137	9	(	(	PUNCT
fsr-3917	137	10	i.e.	i.e.	X
fsr-3917	137	11	,	,	PUNCT
fsr-3917	137	12	1989	1989	NUM
fsr-3917	137	13	,	,	PUNCT
fsr-3917	137	14	1990	1990	NUM
fsr-3917	137	15	,	,	PUNCT
fsr-3917	137	16	1991	1991	NUM
fsr-3917	137	17	,	,	PUNCT
fsr-3917	137	18	1992	1992	NUM
fsr-3917	137	19	,	,	PUNCT
fsr-3917	137	20	and	and	CCONJ
fsr-3917	137	21	1993	1993	NUM
fsr-3917	137	22	)	)	PUNCT
fsr-3917	137	23	,	,	PUNCT
fsr-3917	137	24	we	we	PRON
fsr-3917	137	25	track	track	VERB
fsr-3917	137	26	its	its	PRON
fsr-3917	137	27	annualex	annualex	NOUN
fsr-3917	137	28	anteperformance	anteperformance	NOUN
fsr-3917	137	29	for	for	ADP
fsr-3917	137	30	five	five	NUM
fsr-3917	137	31	years	year	NOUN
fsr-3917	137	32	,	,	PUNCT
fsr-3917	137	33	beginning	begin	VERB
fsr-3917	137	34	on	on	ADP
fsr-3917	137	35	january	january	PROPN
fsr-3917	137	36	1	1	NUM
fsr-3917	137	37	.	.	PUNCT
fsr-3917	137	38	to	to	PART
fsr-3917	137	39	test	test	VERB
fsr-3917	137	40	the	the	DET
fsr-3917	137	41	hypothesis	hypothesis	NOUN
fsr-3917	137	42	,	,	PUNCT
fsr-3917	137	43	we	we	PRON
fsr-3917	137	44	calculate	calculate	VERB
fsr-3917	137	45	the	the	DET
fsr-3917	137	46	geometric	geometric	ADJ
fsr-3917	137	47	means	mean	NOUN
fsr-3917	137	48	of	of	ADP
fsr-3917	137	49	the	the	DET
fsr-3917	137	50	risk	risk	NOUN
fsr-3917	137	51	-	-	PUNCT
fsr-3917	137	52	adjusted	adjust	VERB
fsr-3917	137	53	excess	excess	ADJ
fsr-3917	137	54	returns	return	NOUN
fsr-3917	137	55	on	on	ADP
fsr-3917	137	56	each	each	DET
fsr-3917	137	57	portfolio	portfolio	NOUN
fsr-3917	137	58	and	and	CCONJ
fsr-3917	137	59	the	the	DET
fsr-3917	137	60	corresponding	corresponding	ADJ
fsr-3917	137	61	geometric	geometric	ADJ
fsr-3917	137	62	means	mean	NOUN
fsr-3917	137	63	of	of	ADP
fsr-3917	137	64	the	the	DET
fsr-3917	137	65	risk	risk	NOUN
fsr-3917	137	66	-	-	PUNCT
fsr-3917	137	67	adjusted	adjust	VERB
fsr-3917	137	68	excess	excess	ADJ
fsr-3917	137	69	returns	return	NOUN
fsr-3917	137	70	on	on	ADP
fsr-3917	137	71	the	the	DET
fsr-3917	137	72	s&p	s&p	PROPN
fsr-3917	137	73	500	500	NUM
fsr-3917	137	74	.	.	PUNCT
fsr-3917	138	1	we	we	PRON
fsr-3917	138	2	then	then	ADV
fsr-3917	138	3	compare	compare	VERB
fsr-3917	138	4	the	the	DET
fsr-3917	138	5	two	two	NUM
fsr-3917	138	6	.	.	PUNCT
fsr-3917	139	1	for	for	ADP
fsr-3917	139	2	example	example	NOUN
fsr-3917	139	3	,	,	PUNCT
fsr-3917	139	4	with	with	ADP
fsr-3917	139	5	respect	respect	NOUN
fsr-3917	139	6	to	to	ADP
fsr-3917	139	7	the	the	DET
fsr-3917	139	8	1989	1989	NUM
fsr-3917	139	9	portfolio	portfolio	NOUN
fsr-3917	139	10	,	,	PUNCT
fsr-3917	139	11	we	we	PRON
fsr-3917	139	12	compute	compute	VERB
fsr-3917	139	13	the	the	DET
fsr-3917	139	14	geometric	geometric	ADJ
fsr-3917	139	15	means	mean	NOUN
fsr-3917	139	16	for	for	ADP
fsr-3917	139	17	the	the	DET
fsr-3917	139	18	risk	risk	NOUN
fsr-3917	139	19	-	-	PUNCT
fsr-3917	139	20	adjusted	adjust	VERB
fsr-3917	139	21	excess	excess	ADJ
fsr-3917	139	22	returns	return	NOUN
fsr-3917	139	23	for	for	ADP
fsr-3917	139	24	1990	1990	NUM
fsr-3917	139	25	through	through	ADP
fsr-3917	139	26	1991	1991	NUM
fsr-3917	139	27	,	,	PUNCT
fsr-3917	139	28	1990	1990	NUM
fsr-3917	139	29	through	through	ADP
fsr-3917	139	30	1992	1992	NUM
fsr-3917	139	31	,	,	PUNCT
fsr-3917	139	32	1990	1990	NUM
fsr-3917	139	33	through	through	ADP
fsr-3917	139	34	1993	1993	NUM
fsr-3917	139	35	,	,	PUNCT
fsr-3917	139	36	and	and	CCONJ
fsr-3917	139	37	1990	1990	NUM
fsr-3917	139	38	through	through	ADP
fsr-3917	139	39	1994	1994	NUM
fsr-3917	139	40	.	.	PUNCT
fsr-3917	140	1	the	the	DET
fsr-3917	140	2	geometric	geometric	ADJ
fsr-3917	140	3	mean	mean	NOUN
fsr-3917	140	4	for	for	ADP
fsr-3917	140	5	each	each	PRON
fsr-3917	140	6	of	of	ADP
fsr-3917	140	7	these	these	DET
fsr-3917	140	8	holding	hold	VERB
fsr-3917	140	9	periods	period	NOUN
fsr-3917	140	10	is	be	AUX
fsr-3917	140	11	then	then	ADV
fsr-3917	140	12	compared	compare	VERB
fsr-3917	140	13	to	to	ADP
fsr-3917	140	14	the	the	DET
fsr-3917	140	15	geometric	geometric	ADJ
fsr-3917	140	16	mean	mean	NOUN
fsr-3917	140	17	for	for	ADP
fsr-3917	140	18	the	the	DET
fsr-3917	140	19	s&p	s&p	PROPN
fsr-3917	140	20	500	500	NUM
fsr-3917	140	21	for	for	ADP
fsr-3917	140	22	each	each	PRON
fsr-3917	140	23	of	of	ADP
fsr-3917	140	24	the	the	DET
fsr-3917	140	25	same	same	ADJ
fsr-3917	140	26	holding	hold	VERB
fsr-3917	140	27	periods	period	NOUN
fsr-3917	140	28	.	.	PUNCT
fsr-3917	141	1	in	in	ADP
fsr-3917	141	2	tracking	track	VERB
fsr-3917	141	3	the	the	DET
fsr-3917	141	4	performance	performance	NOUN
fsr-3917	141	5	of	of	ADP
fsr-3917	141	6	each	each	DET
fsr-3917	141	7	portfolio	portfolio	NOUN
fsr-3917	141	8	,	,	PUNCT
fsr-3917	141	9	we	we	PRON
fsr-3917	141	10	find	find	VERB
fsr-3917	141	11	that	that	SCONJ
fsr-3917	141	12	two	two	NUM
fsr-3917	141	13	companies	company	NOUN
fsr-3917	141	14	,	,	PUNCT
fsr-3917	141	15	dsc	dsc	NOUN
fsr-3917	141	16	communications	communication	NOUN
fsr-3917	141	17	and	and	CCONJ
fsr-3917	141	18	scimed	scime	VERB
fsr-3917	141	19	life	life	NOUN
fsr-3917	141	20	systems	system	NOUN
fsr-3917	141	21	,	,	PUNCT
fsr-3917	141	22	were	be	AUX
fsr-3917	141	23	acquired	acquire	VERB
fsr-3917	141	24	during	during	ADP
fsr-3917	141	25	the	the	DET
fsr-3917	141	26	testing	testing	NOUN
fsr-3917	141	27	period	period	NOUN
fsr-3917	141	28	.	.	PUNCT
fsr-3917	142	1	both	both	DET
fsr-3917	142	2	companies	company	NOUN
fsr-3917	142	3	are	be	AUX
fsr-3917	142	4	part	part	NOUN
fsr-3917	142	5	of	of	ADP
fsr-3917	142	6	the	the	DET
fsr-3917	142	7	1993	1993	NUM
fsr-3917	142	8	portfolio	portfolio	NOUN
fsr-3917	142	9	.	.	PUNCT
fsr-3917	143	1	we	we	PRON
fsr-3917	143	2	assume	assume	VERB
fsr-3917	143	3	liquidation	liquidation	NOUN
fsr-3917	143	4	of	of	ADP
fsr-3917	143	5	the	the	DET
fsr-3917	143	6	stock	stock	NOUN
fsr-3917	143	7	at	at	ADP
fsr-3917	143	8	the	the	DET
fsr-3917	143	9	closing	closing	NOUN
fsr-3917	143	10	price	price	NOUN
fsr-3917	143	11	of	of	ADP
fsr-3917	143	12	the	the	DET
fsr-3917	143	13	month	month	NOUN
fsr-3917	143	14	that	that	SCONJ
fsr-3917	143	15	the	the	DET
fsr-3917	143	16	acquisition	acquisition	NOUN
fsr-3917	143	17	occurred	occur	VERB
fsr-3917	143	18	and	and	CCONJ
fsr-3917	143	19	the	the	DET
fsr-3917	143	20	earning	earning	NOUN
fsr-3917	143	21	of	of	ADP
fsr-3917	143	22	the	the	DET
fsr-3917	143	23	risk	risk	NOUN
fsr-3917	143	24	-	-	PUNCT
fsr-3917	143	25	free	free	ADJ
fsr-3917	143	26	rate	rate	NOUN
fsr-3917	143	27	for	for	ADP
fsr-3917	143	28	the	the	DET
fsr-3917	143	29	remainder	remainder	NOUN
fsr-3917	143	30	of	of	ADP
fsr-3917	143	31	the	the	DET
fsr-3917	143	32	testing	testing	NOUN
fsr-3917	143	33	periods	period	NOUN
fsr-3917	143	34	.	.	PUNCT
fsr-3917	144	1	to	to	PART
fsr-3917	144	2	test	test	VERB
fsr-3917	144	3	for	for	ADP
fsr-3917	144	4	a	a	DET
fsr-3917	144	5	difference	difference	NOUN
fsr-3917	144	6	in	in	ADP
fsr-3917	144	7	the	the	DET
fsr-3917	144	8	performance	performance	NOUN
fsr-3917	144	9	between	between	ADP
fsr-3917	144	10	the	the	DET
fsr-3917	144	11	geometric	geometric	ADJ
fsr-3917	144	12	means	mean	NOUN
fsr-3917	144	13	for	for	ADP
fsr-3917	144	14	the	the	DET
fsr-3917	144	15	portfolios	portfolio	NOUN
fsr-3917	144	16	and	and	CCONJ
fsr-3917	144	17	those	those	PRON
fsr-3917	144	18	for	for	ADP
fsr-3917	144	19	the	the	DET
fsr-3917	144	20	s&p	s&p	PROPN
fsr-3917	144	21	500	500	NUM
fsr-3917	144	22	,	,	PUNCT
fsr-3917	144	23	following	follow	VERB
fsr-3917	144	24	kolodny	kolodny	PROPN
fsr-3917	144	25	,	,	PUNCT
fsr-3917	144	26	laurence	laurence	PROPN
fsr-3917	144	27	and	and	CCONJ
fsr-3917	144	28	ghosh	ghosh	PROPN
fsr-3917	144	29	(	(	PUNCT
fsr-3917	144	30	1989	1989	NUM
fsr-3917	144	31	)	)	PUNCT
fsr-3917	144	32	and	and	CCONJ
fsr-3917	144	33	higgins	higgins	PROPN
fsr-3917	144	34	and	and	CCONJ
fsr-3917	144	35	peterson	peterson	PROPN
fsr-3917	144	36	(	(	PUNCT
fsr-3917	144	37	1998	1998	NUM
fsr-3917	144	38	)	)	PUNCT
fsr-3917	144	39	,	,	PUNCT
fsr-3917	144	40	we	we	PRON
fsr-3917	144	41	use	use	VERB
fsr-3917	144	42	the	the	DET
fsr-3917	144	43	probability	probability	NOUN
fsr-3917	144	44	values	value	NOUN
fsr-3917	144	45	associated	associate	VERB
fsr-3917	144	46	with	with	ADP
fsr-3917	144	47	the	the	DET
fsr-3917	144	48	wilcoxon	wilcoxon	ADJ
fsr-3917	144	49	signed	sign	VERB
fsr-3917	144	50	-	-	PUNCT
fsr-3917	144	51	ranks	rank	NOUN
fsr-3917	144	52	test	test	NOUN
fsr-3917	144	53	.	.	PUNCT
fsr-3917	145	1	we	we	PRON
fsr-3917	145	2	use	use	VERB
fsr-3917	145	3	this	this	DET
fsr-3917	145	4	test	test	NOUN
fsr-3917	145	5	,	,	PUNCT
fsr-3917	145	6	as	as	SCONJ
fsr-3917	145	7	opposed	oppose	VERB
fsr-3917	145	8	to	to	ADP
fsr-3917	145	9	using	use	VERB
fsr-3917	145	10	t	t	NOUN
fsr-3917	145	11	values	value	NOUN
fsr-3917	145	12	,	,	PUNCT
fsr-3917	145	13	because	because	SCONJ
fsr-3917	145	14	,	,	PUNCT
fsr-3917	145	15	as	as	SCONJ
fsr-3917	145	16	higgins	higgins	PROPN
fsr-3917	145	17	and	and	CCONJ
fsr-3917	145	18	peterson	peterson	PROPN
fsr-3917	145	19	point	point	VERB
fsr-3917	145	20	out	out	ADP
fsr-3917	145	21	,	,	PUNCT
fsr-3917	145	22	the	the	DET
fsr-3917	145	23	power	power	NOUN
fsr-3917	145	24	of	of	ADP
fsr-3917	145	25	a	a	DET
fsr-3917	145	26	test	test	NOUN
fsr-3917	145	27	involving	involve	VERB
fsr-3917	145	28	t	t	NOUN
fsr-3917	145	29	values	value	NOUN
fsr-3917	145	30	is	be	AUX
fsr-3917	145	31	highly	highly	ADV
fsr-3917	145	32	questionable	questionable	ADJ
fsr-3917	145	33	with	with	ADP
fsr-3917	145	34	a	a	DET
fsr-3917	145	35	sample	sample	NOUN
fsr-3917	145	36	of	of	ADP
fsr-3917	145	37	five	five	NUM
fsr-3917	145	38	observations	observation	NOUN
fsr-3917	145	39	(	(	PUNCT
fsr-3917	145	40	i.e.	i.e.	X
fsr-3917	145	41	,	,	PUNCT
fsr-3917	145	42	one	one	NUM
fsr-3917	145	43	-	-	PUNCT
fsr-3917	145	44	year	year	NOUN
fsr-3917	145	45	to	to	ADP
fsr-3917	145	46	five	five	NUM
fsr-3917	145	47	-	-	PUNCT
fsr-3917	145	48	year	year	NOUN
fsr-3917	145	49	buy	buy	NOUN
fsr-3917	145	50	-	-	PUNCT
fsr-3917	145	51	and	and	CCONJ
fsr-3917	145	52	-	-	PUNCT
fsr-3917	145	53	hold	hold	NOUN
fsr-3917	145	54	periods	period	NOUN
fsr-3917	145	55	)	)	PUNCT
fsr-3917	145	56	and	and	CCONJ
fsr-3917	145	57	a	a	DET
fsr-3917	145	58	nonnormal	nonnormal	ADJ
fsr-3917	145	59	distribution	distribution	NOUN
fsr-3917	145	60	.	.	PUNCT
fsr-3917	146	1	the	the	DET
fsr-3917	146	2	probability	probability	NOUN
fsr-3917	146	3	values	value	NOUN
fsr-3917	146	4	associated	associate	VERB
fsr-3917	146	5	with	with	ADP
fsr-3917	146	6	the	the	DET
fsr-3917	146	7	wilcoxon	wilcoxon	PROPN
fsr-3917	146	8	test	test	NOUN
fsr-3917	146	9	that	that	PRON
fsr-3917	146	10	are	be	AUX
fsr-3917	146	11	positive	positive	ADJ
fsr-3917	146	12	and	and	CCONJ
fsr-3917	146	13	significant	significant	ADJ
fsr-3917	146	14	at	at	ADP
fsr-3917	146	15	the	the	DET
fsr-3917	146	16	5	5	NUM
fsr-3917	146	17	%	%	NOUN
fsr-3917	146	18	level	level	NOUN
fsr-3917	146	19	support	support	NOUN
fsr-3917	146	20	the	the	DET
fsr-3917	146	21	observation	observation	NOUN
fsr-3917	146	22	that	that	SCONJ
fsr-3917	146	23	the	the	DET
fsr-3917	146	24	performance	performance	NOUN
fsr-3917	146	25	of	of	ADP
fsr-3917	146	26	the	the	DET
fsr-3917	146	27	egp	egp	PROPN
fsr-3917	146	28	portfolios	portfolio	NOUN
fsr-3917	146	29	exceeds	exceed	VERB
fsr-3917	146	30	that	that	PRON
fsr-3917	146	31	of	of	ADP
fsr-3917	146	32	the	the	DET
fsr-3917	146	33	s&p	s&p	PROPN
fsr-3917	146	34	500	500	NUM
fsr-3917	146	35	.	.	PUNCT
fsr-3917	147	1	the	the	DET
fsr-3917	147	2	negative	negative	ADJ
fsr-3917	147	3	values	value	NOUN
fsr-3917	147	4	that	that	PRON
fsr-3917	147	5	are	be	AUX
fsr-3917	147	6	significant	significant	ADJ
fsr-3917	147	7	at	at	ADP
fsr-3917	147	8	the	the	DET
fsr-3917	147	9	5	5	NUM
fsr-3917	147	10	%	%	NOUN
fsr-3917	147	11	level	level	NOUN
fsr-3917	147	12	confirm	confirm	VERB
fsr-3917	147	13	the	the	DET
fsr-3917	147	14	opposite	opposite	ADJ
fsr-3917	147	15	observation	observation	NOUN
fsr-3917	147	16	.	.	PUNCT
fsr-3917	148	1	the	the	DET
fsr-3917	148	2	returns	return	NOUN
fsr-3917	148	3	,	,	PUNCT
fsr-3917	148	4	which	which	PRON
fsr-3917	148	5	are	be	AUX
fsr-3917	148	6	risk	risk	NOUN
fsr-3917	148	7	adjusted	adjust	VERB
fsr-3917	148	8	and	and	CCONJ
fsr-3917	148	9	annualized	annualize	VERB
fsr-3917	148	10	,	,	PUNCT
fsr-3917	148	11	are	be	AUX
fsr-3917	148	12	shown	show	VERB
fsr-3917	148	13	in	in	ADP
fsr-3917	148	14	tables	table	NOUN
fsr-3917	148	15	2	2	NUM
fsr-3917	148	16	and	and	CCONJ
fsr-3917	148	17	3	3	NUM
fsr-3917	148	18	.	.	PUNCT
fsr-3917	149	1	the	the	DET
fsr-3917	149	2	reason	reason	NOUN
fsr-3917	149	3	for	for	ADP
fsr-3917	149	4	the	the	DET
fsr-3917	149	5	difference	difference	NOUN
fsr-3917	149	6	in	in	ADP
fsr-3917	149	7	the	the	DET
fsr-3917	149	8	two	two	NUM
fsr-3917	149	9	sets	set	NOUN
fsr-3917	149	10	of	of	ADP
fsr-3917	149	11	results	result	NOUN
fsr-3917	149	12	lies	lie	VERB
fsr-3917	149	13	in	in	ADP
fsr-3917	149	14	the	the	DET
fsr-3917	149	15	weights	weight	NOUN
fsr-3917	149	16	assigned	assign	VERB
fsr-3917	149	17	to	to	ADP
fsr-3917	149	18	the	the	DET
fsr-3917	149	19	stocks	stock	NOUN
fsr-3917	149	20	that	that	PRON
fsr-3917	149	21	make	make	VERB
fsr-3917	149	22	up	up	ADP
fsr-3917	149	23	the	the	DET
fsr-3917	149	24	portfolios	portfolio	NOUN
fsr-3917	149	25	.	.	PUNCT
fsr-3917	150	1	the	the	DET
fsr-3917	150	2	portfolios	portfolio	NOUN
fsr-3917	150	3	in	in	ADP
fsr-3917	150	4	table	table	NOUN
fsr-3917	150	5	2	2	NUM
fsr-3917	150	6	are	be	AUX
fsr-3917	150	7	constructed	construct	VERB
fsr-3917	150	8	by	by	ADP
fsr-3917	150	9	using	use	VERB
fsr-3917	150	10	eqs	eqs	PROPN
fsr-3917	150	11	.	.	PUNCT
fsr-3917	151	1	(	(	PUNCT
fsr-3917	151	2	1	1	X
fsr-3917	151	3	)	)	PUNCT
fsr-3917	151	4	through	through	ADP
fsr-3917	151	5	(	(	PUNCT
fsr-3917	151	6	4	4	NUM
fsr-3917	151	7	)	)	PUNCT
fsr-3917	151	8	.	.	PUNCT
fsr-3917	152	1	thus	thus	ADV
fsr-3917	152	2	,	,	PUNCT
fsr-3917	152	3	the	the	DET
fsr-3917	152	4	stocks	stock	NOUN
fsr-3917	152	5	that	that	PRON
fsr-3917	152	6	make	make	VERB
fsr-3917	152	7	up	up	ADP
fsr-3917	152	8	these	these	DET
fsr-3917	152	9	portfolios	portfolio	NOUN
fsr-3917	152	10	have	have	VERB
fsr-3917	152	11	unequal	unequal	ADJ
fsr-3917	152	12	weights	weight	NOUN
fsr-3917	152	13	.	.	PUNCT
fsr-3917	153	1	the	the	DET
fsr-3917	153	2	portfolios	portfolio	NOUN
fsr-3917	153	3	in	in	ADP
fsr-3917	153	4	table	table	NOUN
fsr-3917	153	5	3	3	NUM
fsr-3917	153	6	,	,	PUNCT
fsr-3917	153	7	however	however	ADV
fsr-3917	153	8	,	,	PUNCT
fsr-3917	153	9	are	be	AUX
fsr-3917	153	10	built	build	VERB
fsr-3917	153	11	by	by	ADP
fsr-3917	153	12	using	use	VERB
fsr-3917	153	13	only	only	ADV
fsr-3917	153	14	eqs	eqs	X
fsr-3917	153	15	.	.	PUNCT
fsr-3917	154	1	(	(	PUNCT
fsr-3917	154	2	1	1	X
fsr-3917	154	3	)	)	PUNCT
fsr-3917	154	4	through	through	ADP
fsr-3917	154	5	(	(	PUNCT
fsr-3917	154	6	3	3	NUM
fsr-3917	154	7	)	)	PUNCT
fsr-3917	154	8	.	.	PUNCT
fsr-3917	155	1	thus	thus	ADV
fsr-3917	155	2	,	,	PUNCT
fsr-3917	155	3	the	the	DET
fsr-3917	155	4	stocks	stock	NOUN
fsr-3917	155	5	that	that	PRON
fsr-3917	155	6	make	make	VERB
fsr-3917	155	7	up	up	ADP
fsr-3917	155	8	the	the	DET
fsr-3917	155	9	portfolios	portfolio	NOUN
fsr-3917	155	10	in	in	ADP
fsr-3917	155	11	table	table	NOUN
fsr-3917	155	12	3	3	NUM
fsr-3917	155	13	have	have	VERB
fsr-3917	155	14	equal	equal	ADJ
fsr-3917	155	15	weights	weight	NOUN
fsr-3917	155	16	.	.	PUNCT
fsr-3917	156	1	we	we	PRON
fsr-3917	156	2	examine	examine	VERB
fsr-3917	156	3	the	the	DET
fsr-3917	156	4	portfolios	portfolio	NOUN
fsr-3917	156	5	of	of	ADP
fsr-3917	156	6	equally	equally	ADV
fsr-3917	156	7	weighted	weight	VERB
fsr-3917	156	8	stocks	stock	NOUN
fsr-3917	156	9	to	to	PART
fsr-3917	156	10	see	see	VERB
fsr-3917	156	11	to	to	ADP
fsr-3917	156	12	what	what	DET
fsr-3917	156	13	extent	extent	NOUN
fsr-3917	156	14	the	the	DET
fsr-3917	156	15	performance	performance	NOUN
fsr-3917	156	16	of	of	ADP
fsr-3917	156	17	the	the	DET
fsr-3917	156	18	egp	egp	PROPN
fsr-3917	156	19	portfolios	portfolio	NOUN
fsr-3917	156	20	varies	vary	VERB
fsr-3917	156	21	with	with	ADP
fsr-3917	156	22	changes	change	NOUN
fsr-3917	156	23	in	in	ADP
fsr-3917	156	24	the	the	DET
fsr-3917	156	25	weights	weight	NOUN
fsr-3917	156	26	.	.	PUNCT
fsr-3917	157	1	because	because	SCONJ
fsr-3917	157	2	the	the	DET
fsr-3917	157	3	egp	egp	PROPN
fsr-3917	157	4	approach	approach	NOUN
fsr-3917	157	5	inherently	inherently	ADV
fsr-3917	157	6	uses	use	VERB
fsr-3917	157	7	the	the	DET
fsr-3917	157	8	treynor	treynor	NOUN
fsr-3917	157	9	measure	measure	NOUN
fsr-3917	157	10	of	of	ADP
fsr-3917	157	11	portfolio	portfolio	NOUN
fsr-3917	157	12	performance	performance	NOUN
fsr-3917	157	13	(	(	PUNCT
fsr-3917	157	14	elton	elton	PROPN
fsr-3917	157	15	and	and	CCONJ
fsr-3917	157	16	gruber	gruber	PROPN
fsr-3917	157	17	,	,	PUNCT
fsr-3917	157	18	1995	1995	NUM
fsr-3917	157	19	,	,	PUNCT
fsr-3917	157	20	p.	p.	NOUN
fsr-3917	157	21	645	645	NUM
fsr-3917	157	22	)	)	PUNCT
fsr-3917	157	23	,	,	PUNCT
fsr-3917	157	24	all	all	DET
fsr-3917	157	25	numbers	number	NOUN
fsr-3917	157	26	in	in	ADP
fsr-3917	157	27	the	the	DET
fsr-3917	157	28	tables	table	NOUN
fsr-3917	157	29	are	be	AUX
fsr-3917	157	30	expressed	express	VERB
fsr-3917	157	31	in	in	ADP
fsr-3917	157	32	terms	term	NOUN
fsr-3917	157	33	of	of	ADP
fsr-3917	157	34	this	this	DET
fsr-3917	157	35	measure	measure	NOUN
fsr-3917	157	36	.	.	PUNCT
fsr-3917	158	1	in	in	ADP
fsr-3917	158	2	the	the	DET
fsr-3917	158	3	upper	upper	ADJ
fsr-3917	158	4	part	part	NOUN
fsr-3917	158	5	of	of	ADP
fsr-3917	158	6	each	each	DET
fsr-3917	158	7	table	table	NOUN
fsr-3917	158	8	,	,	PUNCT
fsr-3917	158	9	the	the	DET
fsr-3917	158	10	column	column	NOUN
fsr-3917	158	11	on	on	ADP
fsr-3917	158	12	the	the	DET
fsr-3917	158	13	left	left	NOUN
fsr-3917	158	14	represents	represent	VERB
fsr-3917	158	15	the	the	DET
fsr-3917	158	16	years	year	NOUN
fsr-3917	158	17	for	for	ADP
fsr-3917	158	18	which	which	PRON
fsr-3917	158	19	the	the	DET
fsr-3917	158	20	portfolios	portfolio	NOUN
fsr-3917	158	21	are	be	AUX
fsr-3917	158	22	built	build	VERB
fsr-3917	158	23	;	;	PUNCT
fsr-3917	158	24	the	the	DET
fsr-3917	158	25	top	top	ADJ
fsr-3917	158	26	row	row	NOUN
fsr-3917	158	27	refers	refer	VERB
fsr-3917	158	28	to	to	ADP
fsr-3917	158	29	the	the	DET
fsr-3917	158	30	years	year	NOUN
fsr-3917	158	31	for	for	ADP
fsr-3917	158	32	which	which	PRON
fsr-3917	158	33	the	the	DET
fsr-3917	158	34	portfolios	portfolio	NOUN
fsr-3917	158	35	are	be	AUX
fsr-3917	158	36	tested	test	VERB
fsr-3917	158	37	;	;	PUNCT
fsr-3917	158	38	and	and	CCONJ
fsr-3917	158	39	the	the	DET
fsr-3917	158	40	bottom	bottom	NOUN
fsr-3917	158	41	row	row	NOUN
fsr-3917	158	42	represents	represent	VERB
fsr-3917	158	43	the	the	DET
fsr-3917	158	44	excess	excess	ADJ
fsr-3917	158	45	return	return	NOUN
fsr-3917	158	46	divided	divide	VERB
fsr-3917	158	47	by	by	ADP
fsr-3917	158	48	beta	beta	NOUN
fsr-3917	158	49	(	(	PUNCT
fsr-3917	158	50	51	51	NUM
fsr-3917	158	51	)	)	PUNCT
fsr-3917	158	52	for	for	ADP
fsr-3917	158	53	the	the	DET
fsr-3917	158	54	s&p	s&p	PROPN
fsr-3917	158	55	500	500	NUM
fsr-3917	158	56	.	.	PUNCT
fsr-3917	159	1	this	this	DET
fsr-3917	159	2	manner	manner	NOUN
fsr-3917	159	3	of	of	ADP
fsr-3917	159	4	presentation	presentation	NOUN
fsr-3917	159	5	permits	permit	VERB
fsr-3917	159	6	the	the	DET
fsr-3917	159	7	examination	examination	NOUN
fsr-3917	159	8	of	of	ADP
fsr-3917	159	9	one	one	NUM
fsr-3917	159	10	-	-	PUNCT
fsr-3917	159	11	year	year	NOUN
fsr-3917	159	12	,	,	PUNCT
fsr-3917	159	13	two	two	NUM
fsr-3917	159	14	-	-	PUNCT
fsr-3917	159	15	year	year	NOUN
fsr-3917	159	16	,	,	PUNCT
fsr-3917	159	17	three	three	NUM
fsr-3917	159	18	-	-	PUNCT
fsr-3917	159	19	year	year	NOUN
fsr-3917	159	20	,	,	PUNCT
fsr-3917	159	21	four	four	NUM
fsr-3917	159	22	-	-	PUNCT
fsr-3917	159	23	year	year	NOUN
fsr-3917	159	24	,	,	PUNCT
fsr-3917	159	25	and	and	CCONJ
fsr-3917	159	26	five	five	NUM
fsr-3917	159	27	-	-	PUNCT
fsr-3917	159	28	year	year	NOUN
fsr-3917	159	29	buy	buy	NOUN
fsr-3917	159	30	-	-	PUNCT
fsr-3917	159	31	and	and	CCONJ
fsr-3917	159	32	-	-	PUNCT
fsr-3917	159	33	hold	hold	VERB
fsr-3917	159	34	strategies	strategy	NOUN
fsr-3917	159	35	for	for	ADP
fsr-3917	159	36	both	both	CCONJ
fsr-3917	159	37	the	the	DET
fsr-3917	159	38	egp	egp	PROPN
fsr-3917	159	39	portfolios	portfolio	NOUN
fsr-3917	159	40	and	and	CCONJ
fsr-3917	159	41	the	the	DET
fsr-3917	159	42	s&p	s&p	PROPN
fsr-3917	159	43	500	500	NUM
fsr-3917	159	44	.	.	PUNCT
fsr-3917	160	1	note	note	VERB
fsr-3917	160	2	that	that	SCONJ
fsr-3917	160	3	the	the	DET
fsr-3917	160	4	diagonal	diagonal	ADJ
fsr-3917	160	5	elements	element	NOUN
fsr-3917	160	6	(	(	PUNCT
fsr-3917	160	7	e.g.	e.g.	ADV
fsr-3917	160	8	,	,	PUNCT
fsr-3917	160	9	in	in	ADP
fsr-3917	160	10	table	table	NOUN
fsr-3917	160	11	2	2	NUM
fsr-3917	160	12	,	,	PUNCT
fsr-3917	160	13	-0.0039	-0.0039	NOUN
fsr-3917	160	14	,	,	PUNCT
fsr-3917	160	15	0.5740	0.5740	NUM
fsr-3917	160	16	,	,	PUNCT
fsr-3917	160	17	-0.2618	-0.2618	X
fsr-3917	160	18	,	,	PUNCT
fsr-3917	160	19	0.1023	0.1023	NUM
fsr-3917	160	20	,	,	PUNCT
fsr-3917	160	21	and	and	CCONJ
fsr-3917	160	22	0.0944	0.0944	NUM
fsr-3917	160	23	)	)	PUNCT
fsr-3917	160	24	illustrate	illustrate	VERB
fsr-3917	160	25	the	the	DET
fsr-3917	160	26	one	one	NUM
fsr-3917	160	27	-	-	PUNCT
fsr-3917	160	28	year	year	NOUN
fsr-3917	160	29	strategy	strategy	NOUN
fsr-3917	160	30	.	.	PUNCT
fsr-3917	161	1	in	in	ADP
fsr-3917	161	2	table	table	NOUN
fsr-3917	161	3	2	2	NUM
fsr-3917	161	4	,	,	PUNCT
fsr-3917	161	5	an	an	DET
fsr-3917	161	6	examination	examination	NOUN
fsr-3917	161	7	of	of	ADP
fsr-3917	161	8	the	the	DET
fsr-3917	161	9	results	result	NOUN
fsr-3917	161	10	across	across	ADP
fsr-3917	161	11	the	the	DET
fsr-3917	161	12	five	five	NUM
fsr-3917	161	13	buy	buy	VERB
fsr-3917	161	14	-	-	PUNCT
fsr-3917	161	15	and	and	CCONJ
fsr-3917	161	16	-	-	PUNCT
fsr-3917	161	17	hold	hold	NOUN
fsr-3917	161	18	categories	category	NOUN
fsr-3917	161	19	(	(	PUNCT
fsr-3917	161	20	one	one	NUM
fsr-3917	161	21	year	year	NOUN
fsr-3917	161	22	,	,	PUNCT
fsr-3917	161	23	152	152	NUM
fsr-3917	161	24	a.l	a.l	PROPN
fsr-3917	161	25	.	.	PROPN
fsr-3917	161	26	loviscek	loviscek	PROPN
fsr-3917	161	27	,	,	PUNCT
fsr-3917	161	28	w.j	w.j	PROPN
fsr-3917	161	29	.	.	PROPN
fsr-3917	161	30	jordan	jordan	PROPN
fsr-3917	161	31	/	/	SYM
fsr-3917	161	32	financial	financial	ADJ
fsr-3917	161	33	services	service	NOUN
fsr-3917	161	34	review	review	VERB
fsr-3917	161	35	9	9	NUM
fsr-3917	161	36	(	(	PUNCT
fsr-3917	161	37	2000	2000	NUM
fsr-3917	161	38	)	)	PUNCT
fsr-3917	162	1	145–157	145–157	NUM
fsr-3917	162	2	two	two	NUM
fsr-3917	162	3	years	year	NOUN
fsr-3917	162	4	,	,	PUNCT
fsr-3917	162	5	etc	etc	X
fsr-3917	162	6	.	.	X
fsr-3917	162	7	)	)	PUNCT
fsr-3917	162	8	leads	lead	VERB
fsr-3917	162	9	to	to	ADP
fsr-3917	162	10	three	three	NUM
fsr-3917	162	11	conclusions	conclusion	NOUN
fsr-3917	162	12	.	.	PUNCT
fsr-3917	163	1	first	first	ADV
fsr-3917	163	2	,	,	PUNCT
fsr-3917	163	3	based	base	VERB
fsr-3917	163	4	on	on	ADP
fsr-3917	163	5	a	a	DET
fsr-3917	163	6	comparison	comparison	NOUN
fsr-3917	163	7	of	of	ADP
fsr-3917	163	8	the	the	DET
fsr-3917	163	9	25	25	NUM
fsr-3917	163	10	geometric	geometric	ADJ
fsr-3917	163	11	means	mean	NOUN
fsr-3917	163	12	for	for	ADP
fsr-3917	163	13	the	the	DET
fsr-3917	163	14	egp	egp	PROPN
fsr-3917	163	15	portfolios	portfolio	NOUN
fsr-3917	163	16	(	(	PUNCT
fsr-3917	163	17	i.e.	i.e.	X
fsr-3917	163	18	,	,	PUNCT
fsr-3917	163	19	five	five	NUM
fsr-3917	163	20	portfolios	portfolio	NOUN
fsr-3917	163	21	and	and	CCONJ
fsr-3917	163	22	five	five	NUM
fsr-3917	163	23	holding	hold	VERB
fsr-3917	163	24	periods	period	NOUN
fsr-3917	163	25	)	)	PUNCT
fsr-3917	163	26	versus	versus	ADP
fsr-3917	163	27	the	the	DET
fsr-3917	163	28	25	25	NUM
fsr-3917	163	29	geometric	geometric	ADJ
fsr-3917	163	30	means	mean	NOUN
fsr-3917	163	31	for	for	ADP
fsr-3917	163	32	the	the	DET
fsr-3917	163	33	s&p	s&p	PROPN
fsr-3917	163	34	500	500	NUM
fsr-3917	163	35	,	,	PUNCT
fsr-3917	163	36	the	the	DET
fsr-3917	163	37	egp	egp	PROPN
fsr-3917	163	38	portfolios	portfolio	NOUN
fsr-3917	163	39	outperform	outperform	VERB
fsr-3917	163	40	the	the	DET
fsr-3917	163	41	s&p	s&p	PROPN
fsr-3917	163	42	500	500	NUM
fsr-3917	163	43	in	in	ADP
fsr-3917	163	44	17	17	NUM
fsr-3917	163	45	instances	instance	NOUN
fsr-3917	163	46	.	.	PUNCT
fsr-3917	164	1	several	several	ADJ
fsr-3917	164	2	of	of	ADP
fsr-3917	164	3	the	the	DET
fsr-3917	164	4	differences	difference	NOUN
fsr-3917	164	5	are	be	AUX
fsr-3917	164	6	large	large	ADJ
fsr-3917	164	7	,	,	PUNCT
fsr-3917	164	8	in	in	ADP
fsr-3917	164	9	excess	excess	NOUN
fsr-3917	164	10	of	of	ADP
fsr-3917	164	11	ten	ten	NUM
fsr-3917	164	12	percentage	percentage	NOUN
fsr-3917	164	13	points	point	NOUN
fsr-3917	164	14	,	,	PUNCT
fsr-3917	164	15	with	with	ADP
fsr-3917	164	16	the	the	DET
fsr-3917	164	17	largest	large	ADJ
fsr-3917	164	18	being	be	AUX
fsr-3917	164	19	over	over	ADP
fsr-3917	164	20	33	33	NUM
fsr-3917	164	21	percentage	percentage	NOUN
fsr-3917	164	22	points	point	NOUN
fsr-3917	164	23	(	(	PUNCT
fsr-3917	164	24	i.e.	i.e.	X
fsr-3917	164	25	,	,	PUNCT
fsr-3917	164	26	1990	1990	NUM
fsr-3917	164	27	portfolio	portfolio	NOUN
fsr-3917	164	28	,	,	PUNCT
fsr-3917	164	29	one	one	NUM
fsr-3917	164	30	year	year	NOUN
fsr-3917	164	31	)	)	PUNCT
fsr-3917	164	32	.	.	PUNCT
fsr-3917	165	1	second	second	ADJ
fsr-3917	165	2	,	,	PUNCT
fsr-3917	165	3	both	both	CCONJ
fsr-3917	165	4	the	the	DET
fsr-3917	165	5	1990	1990	NUM
fsr-3917	165	6	portfolio	portfolio	NOUN
fsr-3917	165	7	and	and	CCONJ
fsr-3917	165	8	the	the	DET
fsr-3917	165	9	1993	1993	NUM
fsr-3917	165	10	portfolio	portfolio	NOUN
fsr-3917	165	11	outperform	outperform	VERB
fsr-3917	165	12	the	the	DET
fsr-3917	165	13	s&p	s&p	PROPN
fsr-3917	165	14	500	500	NUM
fsr-3917	165	15	across	across	ADP
fsr-3917	165	16	all	all	DET
fsr-3917	165	17	five	five	NUM
fsr-3917	165	18	holding	hold	VERB
fsr-3917	165	19	periods	period	NOUN
fsr-3917	165	20	.	.	PUNCT
fsr-3917	166	1	at	at	ADP
fsr-3917	166	2	the	the	DET
fsr-3917	166	3	5	5	NUM
fsr-3917	166	4	%	%	NOUN
fsr-3917	166	5	level	level	NOUN
fsr-3917	166	6	of	of	ADP
fsr-3917	166	7	significance	significance	NOUN
fsr-3917	166	8	,	,	PUNCT
fsr-3917	166	9	the	the	DET
fsr-3917	166	10	probability	probability	NOUN
fsr-3917	166	11	values	value	NOUN
fsr-3917	166	12	from	from	ADP
fsr-3917	166	13	the	the	DET
fsr-3917	166	14	wilcoxon	wilcoxon	PROPN
fsr-3917	166	15	test	test	NOUN
fsr-3917	166	16	confirm	confirm	VERB
fsr-3917	166	17	this	this	DET
fsr-3917	166	18	observation	observation	NOUN
fsr-3917	166	19	.	.	PUNCT
fsr-3917	167	1	third	third	ADJ
fsr-3917	167	2	,	,	PUNCT
fsr-3917	167	3	the	the	DET
fsr-3917	167	4	s&p	s&p	PROPN
fsr-3917	167	5	500	500	NUM
fsr-3917	167	6	outperforms	outperform	VERB
fsr-3917	167	7	the	the	DET
fsr-3917	167	8	1991	1991	NUM
fsr-3917	167	9	portfolio	portfolio	NOUN
fsr-3917	167	10	for	for	ADP
fsr-3917	167	11	all	all	DET
fsr-3917	167	12	five	five	NUM
fsr-3917	167	13	holding	hold	VERB
fsr-3917	167	14	periods	period	NOUN
fsr-3917	167	15	,	,	PUNCT
fsr-3917	167	16	as	as	SCONJ
fsr-3917	167	17	the	the	DET
fsr-3917	167	18	probability	probability	NOUN
fsr-3917	167	19	value	value	NOUN
fsr-3917	167	20	confirms	confirm	VERB
fsr-3917	167	21	.	.	PUNCT
fsr-3917	168	1	a	a	DET
fsr-3917	168	2	major	major	ADJ
fsr-3917	168	3	reason	reason	NOUN
fsr-3917	168	4	for	for	ADP
fsr-3917	168	5	the	the	DET
fsr-3917	168	6	1991	1991	NUM
fsr-3917	168	7	portfolio	portfolio	NOUN
fsr-3917	168	8	’s	’s	PART
fsr-3917	168	9	subpar	subpar	ADJ
fsr-3917	168	10	performance	performance	NOUN
fsr-3917	168	11	relative	relative	ADJ
fsr-3917	168	12	to	to	ADP
fsr-3917	168	13	that	that	PRON
fsr-3917	168	14	of	of	ADP
fsr-3917	168	15	the	the	DET
fsr-3917	168	16	s&p	s&p	PROPN
fsr-3917	168	17	table	table	NOUN
fsr-3917	168	18	2	2	NUM
fsr-3917	168	19	portfolio	portfolio	NOUN
fsr-3917	168	20	performances	performance	NOUN
fsr-3917	168	21	:	:	PUNCT
fsr-3917	168	22	s&p	s&p	PROPN
fsr-3917	168	23	500	500	NUM
fsr-3917	168	24	versus	versus	ADP
fsr-3917	168	25	portfolios	portfolio	NOUN
fsr-3917	168	26	built	build	VERB
fsr-3917	168	27	from	from	ADP
fsr-3917	168	28	the	the	DET
fsr-3917	168	29	top	top	ADJ
fsr-3917	168	30	holdings	holding	NOUN
fsr-3917	168	31	of	of	ADP
fsr-3917	168	32	morningstar	morningstar	PROPN
fsr-3917	168	33	’s	’s	PART
fsr-3917	168	34	ten	ten	NUM
fsr-3917	168	35	-	-	PUNCT
fsr-3917	168	36	year	year	NOUN
fsr-3917	168	37	,	,	PUNCT
fsr-3917	168	38	five	five	NUM
fsr-3917	168	39	star	star	NOUN
fsr-3917	168	40	funds	fund	NOUN
fsr-3917	168	41	using	use	VERB
fsr-3917	168	42	the	the	DET
fsr-3917	168	43	elton	elton	PROPN
fsr-3917	168	44	-	-	PUNCT
fsr-3917	168	45	gruber	gruber	PROPN
fsr-3917	168	46	-	-	PUNCT
fsr-3917	168	47	padberg	padberg	NOUN
fsr-3917	168	48	approach	approach	NOUN
fsr-3917	168	49	,	,	PUNCT
fsr-3917	168	50	equations	equation	NOUN
fsr-3917	168	51	1	1	NUM
fsr-3917	168	52	through	through	ADP
fsr-3917	168	53	4	4	NUM
fsr-3917	168	54	portfolio	portfolio	NOUN
fsr-3917	168	55	building	building	NOUN
fsr-3917	168	56	year	year	NOUN
fsr-3917	168	57	annual	annual	ADJ
fsr-3917	168	58	risk	risk	NOUN
fsr-3917	168	59	-	-	PUNCT
fsr-3917	168	60	adjusted	adjust	VERB
fsr-3917	168	61	excess	excess	ADJ
fsr-3917	168	62	returns	return	NOUN
fsr-3917	168	63	of	of	ADP
fsr-3917	168	64	the	the	DET
fsr-3917	168	65	egp	egp	PROPN
fsr-3917	168	66	portfolios	portfolio	NOUN
fsr-3917	168	67	and	and	CCONJ
fsr-3917	168	68	the	the	DET
fsr-3917	168	69	s&p	s&p	PROPN
fsr-3917	168	70	5001	5001	NUM
fsr-3917	168	71	portfolio	portfolio	NOUN
fsr-3917	168	72	testing	testing	NOUN
fsr-3917	168	73	year	year	NOUN
fsr-3917	168	74	1990	1990	NUM
fsr-3917	168	75	1991	1991	NUM
fsr-3917	168	76	1992	1992	NUM
fsr-3917	168	77	1993	1993	NUM
fsr-3917	168	78	1994	1994	NUM
fsr-3917	168	79	1995	1995	NUM
fsr-3917	168	80	1996	1996	NUM
fsr-3917	168	81	1997	1997	NUM
fsr-3917	168	82	1998	1998	NUM
fsr-3917	168	83	1989	1989	NUM
fsr-3917	168	84	20.0039	20.0039	NUM
fsr-3917	168	85	0.3630	0.3630	NUM
fsr-3917	168	86	20.0747	20.0747	NUM
fsr-3917	168	87	20.0847	20.0847	NUM
fsr-3917	168	88	20.0716	20.0716	NUM
fsr-3917	168	89	—	—	PUNCT
fsr-3917	168	90	—	—	PUNCT
fsr-3917	168	91	—	—	PUNCT
fsr-3917	168	92	—	—	PUNCT
fsr-3917	168	93	1990	1990	NUM
fsr-3917	168	94	—	—	PUNCT
fsr-3917	168	95	0.5740	0.5740	NUM
fsr-3917	168	96	20.0058	20.0058	NUM
fsr-3917	168	97	0.0830	0.0830	NUM
fsr-3917	168	98	20.0986	20.0986	NUM
fsr-3917	168	99	0.6108	0.6108	NUM
fsr-3917	168	100	—	—	PUNCT
fsr-3917	168	101	—	—	PUNCT
fsr-3917	168	102	—	—	PUNCT
fsr-3917	168	103	1991	1991	NUM
fsr-3917	168	104	—	—	PUNCT
fsr-3917	168	105	—	—	PUNCT
fsr-3917	168	106	20.2618	20.2618	NUM
fsr-3917	168	107	20.0159	20.0159	NUM
fsr-3917	168	108	0.1153	0.1153	NUM
fsr-3917	168	109	0.5370	0.5370	NUM
fsr-3917	168	110	0.0394	0.0394	NUM
fsr-3917	168	111	—	—	PUNCT
fsr-3917	168	112	—	—	PUNCT
fsr-3917	168	113	1992	1992	NUM
fsr-3917	168	114	—	—	PUNCT
fsr-3917	168	115	—	—	PUNCT
fsr-3917	168	116	—	—	PUNCT
fsr-3917	168	117	0.1023	0.1023	NUM
fsr-3917	168	118	20.0046	20.0046	NUM
fsr-3917	168	119	0.1284	0.1284	NUM
fsr-3917	168	120	0.4867	0.4867	NUM
fsr-3917	168	121	0.2455	0.2455	NUM
fsr-3917	168	122	—	—	PUNCT
fsr-3917	168	123	1993	1993	NUM
fsr-3917	168	124	—	—	PUNCT
fsr-3917	168	125	—	—	PUNCT
fsr-3917	168	126	—	—	PUNCT
fsr-3917	168	127	—	—	PUNCT
fsr-3917	168	128	0.0944	0.0944	NUM
fsr-3917	168	129	0.3496	0.3496	NUM
fsr-3917	168	130	0.3544	0.3544	NUM
fsr-3917	168	131	0.2538	0.2538	NUM
fsr-3917	168	132	0.4535	0.4535	NUM
fsr-3917	168	133	s&p	s&p	PROPN
fsr-3917	168	134	500	500	NUM
fsr-3917	168	135	20.1072	20.1072	NUM
fsr-3917	168	136	0.2411	0.2411	NUM
fsr-3917	168	137	0.0379	0.0379	NUM
fsr-3917	168	138	0.0690	0.0690	NUM
fsr-3917	168	139	20.0174	20.0174	NUM
fsr-3917	168	140	0.3192	0.3192	NUM
fsr-3917	168	141	0.1818	0.1818	NUM
fsr-3917	168	142	0.2843	0.2843	NUM
fsr-3917	168	143	0.2333	0.2333	NUM
fsr-3917	168	144	geometric	geometric	ADJ
fsr-3917	168	145	means	mean	NOUN
fsr-3917	168	146	of	of	ADP
fsr-3917	168	147	the	the	DET
fsr-3917	168	148	annual	annual	ADJ
fsr-3917	168	149	risk	risk	NOUN
fsr-3917	168	150	-	-	PUNCT
fsr-3917	168	151	adjusted	adjust	VERB
fsr-3917	168	152	excess	excess	ADJ
fsr-3917	168	153	returns	return	NOUN
fsr-3917	168	154	:	:	PUNCT
fsr-3917	168	155	s&p	s&p	PROPN
fsr-3917	168	156	500	500	NUM
fsr-3917	168	157	versus	versus	ADP
fsr-3917	168	158	egp	egp	PROPN
fsr-3917	168	159	portfolios2	portfolios2	PROPN
fsr-3917	168	160	1990	1990	NUM
fsr-3917	168	161	1991	1991	NUM
fsr-3917	168	162	1992	1992	NUM
fsr-3917	168	163	1993	1993	NUM
fsr-3917	168	164	1994	1994	NUM
fsr-3917	168	165	p	p	ADJ
fsr-3917	168	166	-	-	PUNCT
fsr-3917	168	167	value	value	NOUN
fsr-3917	168	168	1989	1989	NUM
fsr-3917	168	169	portfolio	portfolio	NOUN
fsr-3917	168	170	20.0039	20.0039	NUM
fsr-3917	168	171	0.1652	0.1652	NUM
fsr-3917	168	172	0.0790	0.0790	NUM
fsr-3917	168	173	0.0355	0.0355	NUM
fsr-3917	168	174	0.0132	0.0132	NUM
fsr-3917	168	175	0.1125	0.1125	NUM
fsr-3917	168	176	s&p	s&p	PROPN
fsr-3917	168	177	500	500	NUM
fsr-3917	168	178	20.1072	20.1072	NUM
fsr-3917	168	179	0.0526	0.0526	NUM
fsr-3917	168	180	0.0477	0.0477	NUM
fsr-3917	168	181	0.0530	0.0530	NUM
fsr-3917	168	182	0.0385	0.0385	NUM
fsr-3917	168	183	1991	1991	NUM
fsr-3917	168	184	1992	1992	NUM
fsr-3917	168	185	1993	1993	NUM
fsr-3917	168	186	1994	1994	NUM
fsr-3917	168	187	1995	1995	NUM
fsr-3917	168	188	p	p	NOUN
fsr-3917	168	189	-	-	PUNCT
fsr-3917	168	190	value	value	NOUN
fsr-3917	168	191	1990	1990	NUM
fsr-3917	168	192	portfolio	portfolio	NOUN
fsr-3917	168	193	0.5740	0.5740	NUM
fsr-3917	168	194	0.2509	0.2509	NUM
fsr-3917	168	195	0.1922	0.1922	NUM
fsr-3917	168	196	0.1117	0.1117	NUM
fsr-3917	168	197	0.1973	0.1973	NUM
fsr-3917	168	198	0.0212	0.0212	NUM
fsr-3917	168	199	*	*	PUNCT
fsr-3917	168	200	s&p	s&p	PROPN
fsr-3917	168	201	500	500	NUM
fsr-3917	168	202	0.2411	0.2411	NUM
fsr-3917	168	203	0.1350	0.1350	NUM
fsr-3917	168	204	0.1125	0.1125	NUM
fsr-3917	168	205	0.0785	0.0785	NUM
fsr-3917	168	206	0.1229	0.1229	NUM
fsr-3917	168	207	1992	1992	NUM
fsr-3917	168	208	1993	1993	NUM
fsr-3917	168	209	1994	1994	NUM
fsr-3917	168	210	1995	1995	NUM
fsr-3917	168	211	1996	1996	NUM
fsr-3917	168	212	p	p	X
fsr-3917	168	213	-	-	PUNCT
fsr-3917	168	214	value	value	NOUN
fsr-3917	168	215	1991	1991	NUM
fsr-3917	168	216	portfolio	portfolio	NOUN
fsr-3917	168	217	20.2618	20.2618	NUM
fsr-3917	168	218	20.1476	20.1476	NUM
fsr-3917	168	219	20.0648	20.0648	NUM
fsr-3917	168	220	0.0564	0.0564	NUM
fsr-3917	168	221	0.0530	0.0530	NUM
fsr-3917	168	222	20.0212	20.0212	NUM
fsr-3917	168	223	#	#	NOUN
fsr-3917	168	224	s&p	s&p	PROPN
fsr-3917	168	225	500	500	NUM
fsr-3917	168	226	0.0379	0.0379	NUM
fsr-3917	168	227	0.0533	0.0533	NUM
fsr-3917	168	228	0.0292	0.0292	NUM
fsr-3917	168	229	0.0951	0.0951	NUM
fsr-3917	168	230	0.1119	0.1119	NUM
fsr-3917	168	231	1993	1993	NUM
fsr-3917	168	232	1994	1994	NUM
fsr-3917	168	233	1995	1995	NUM
fsr-3917	168	234	1996	1996	NUM
fsr-3917	168	235	1997	1997	NUM
fsr-3917	168	236	p	p	ADJ
fsr-3917	168	237	-	-	PUNCT
fsr-3917	168	238	value	value	NOUN
fsr-3917	168	239	1992	1992	NUM
fsr-3917	168	240	portfolio	portfolio	NOUN
fsr-3917	168	241	0.1023	0.1023	NUM
fsr-3917	168	242	0.0475	0.0475	NUM
fsr-3917	168	243	0.0738	0.0738	NUM
fsr-3917	168	244	0.1648	0.1648	NUM
fsr-3917	168	245	0.1805	0.1805	NUM
fsr-3917	168	246	0.2502	0.2502	NUM
fsr-3917	168	247	s&p	s&p	PROPN
fsr-3917	168	248	500	500	NUM
fsr-3917	168	249	0.0690	0.0690	NUM
fsr-3917	168	250	0.0249	0.0249	NUM
fsr-3917	168	251	0.1149	0.1149	NUM
fsr-3917	168	252	0.1312	0.1312	NUM
fsr-3917	168	253	0.1603	0.1603	NUM
fsr-3917	168	254	1994	1994	NUM
fsr-3917	168	255	1995	1995	NUM
fsr-3917	168	256	1996	1996	NUM
fsr-3917	168	257	1997	1997	NUM
fsr-3917	168	258	1998	1998	NUM
fsr-3917	168	259	p	p	ADJ
fsr-3917	168	260	-	-	PUNCT
fsr-3917	168	261	value	value	NOUN
fsr-3917	168	262	1993	1993	NUM
fsr-3917	168	263	portfolio	portfolio	NOUN
fsr-3917	168	264	0.0940	0.0940	NUM
fsr-3917	168	265	0.2154	0.2154	NUM
fsr-3917	168	266	0.2601	0.2601	NUM
fsr-3917	168	267	0.2585	0.2585	NUM
fsr-3917	168	268	0.2953	0.2953	NUM
fsr-3917	168	269	0.0212	0.0212	NUM
fsr-3917	168	270	*	*	PUNCT
fsr-3917	168	271	s&p	s&p	PROPN
fsr-3917	168	272	500	500	NUM
fsr-3917	168	273	20.0174	20.0174	NUM
fsr-3917	169	1	0.1385	0.1385	NUM
fsr-3917	169	2	0.1528	0.1528	NUM
fsr-3917	169	3	0.1843	0.1843	NUM
fsr-3917	169	4	0.1940	0.1940	NUM
fsr-3917	169	5	1,2	1,2	NUM
fsr-3917	169	6	the	the	DET
fsr-3917	169	7	annual	annual	ADJ
fsr-3917	169	8	risk	risk	NOUN
fsr-3917	169	9	-	-	PUNCT
fsr-3917	169	10	adjusted	adjust	VERB
fsr-3917	169	11	excess	excess	ADJ
fsr-3917	169	12	returns	return	NOUN
fsr-3917	169	13	are	be	AUX
fsr-3917	169	14	the	the	DET
fsr-3917	169	15	portfolio	portfolio	NOUN
fsr-3917	169	16	(	(	PUNCT
fsr-3917	169	17	and	and	CCONJ
fsr-3917	169	18	the	the	DET
fsr-3917	169	19	s&p	s&p	PROPN
fsr-3917	169	20	500	500	NUM
fsr-3917	169	21	)	)	PUNCT
fsr-3917	169	22	returns	return	NOUN
fsr-3917	169	23	minus	minus	ADP
fsr-3917	169	24	the	the	DET
fsr-3917	169	25	annual	annual	ADJ
fsr-3917	169	26	three	three	NUM
fsr-3917	169	27	-	-	PUNCT
fsr-3917	169	28	month	month	NOUN
fsr-3917	169	29	u.s	u.s	PROPN
fsr-3917	169	30	.	.	PROPN
fsr-3917	169	31	treasury	treasury	PROPN
fsr-3917	169	32	bill	bill	PROPN
fsr-3917	169	33	rate	rate	NOUN
fsr-3917	169	34	divided	divide	VERB
fsr-3917	169	35	by	by	ADP
fsr-3917	169	36	the	the	DET
fsr-3917	169	37	portfolio	portfolio	NOUN
fsr-3917	169	38	’s	’s	PART
fsr-3917	169	39	beta	beta	NOUN
fsr-3917	169	40	.	.	PUNCT
fsr-3917	170	1	to	to	PART
fsr-3917	170	2	illustrate	illustrate	VERB
fsr-3917	170	3	the	the	DET
fsr-3917	170	4	geometric	geometric	ADJ
fsr-3917	170	5	means	mean	NOUN
fsr-3917	170	6	,	,	PUNCT
fsr-3917	170	7	the	the	DET
fsr-3917	170	8	1989	1989	NUM
fsr-3917	170	9	portfolio	portfolio	NOUN
fsr-3917	170	10	’s	’s	PART
fsr-3917	170	11	geometric	geometric	ADJ
fsr-3917	170	12	mean	mean	NOUN
fsr-3917	170	13	through	through	ADP
fsr-3917	170	14	1991	1991	NUM
fsr-3917	170	15	,	,	PUNCT
fsr-3917	170	16	a	a	DET
fsr-3917	170	17	two	two	NUM
fsr-3917	170	18	-	-	PUNCT
fsr-3917	170	19	year	year	NOUN
fsr-3917	170	20	holding	holding	NOUN
fsr-3917	170	21	period	period	NOUN
fsr-3917	170	22	,	,	PUNCT
fsr-3917	170	23	is	be	AUX
fsr-3917	170	24	0.1652	0.1652	NUM
fsr-3917	170	25	,	,	PUNCT
fsr-3917	170	26	the	the	DET
fsr-3917	170	27	geometric	geometric	ADJ
fsr-3917	170	28	mean	mean	NOUN
fsr-3917	170	29	of20.0039	of20.0039	NOUN
fsr-3917	170	30	and	and	CCONJ
fsr-3917	170	31	0.3630	0.3630	NUM
fsr-3917	170	32	.	.	PUNCT
fsr-3917	171	1	the	the	DET
fsr-3917	171	2	corresponding	corresponding	ADJ
fsr-3917	171	3	value	value	NOUN
fsr-3917	171	4	for	for	ADP
fsr-3917	171	5	the	the	DET
fsr-3917	171	6	s&p	s&p	PROPN
fsr-3917	171	7	500	500	NUM
fsr-3917	171	8	is	be	AUX
fsr-3917	171	9	0.0526	0.0526	NUM
fsr-3917	171	10	,	,	PUNCT
fsr-3917	171	11	the	the	DET
fsr-3917	171	12	mean	mean	NOUN
fsr-3917	171	13	of20.1072	of20.1072	NUM
fsr-3917	171	14	and	and	CCONJ
fsr-3917	171	15	0.2411	0.2411	NUM
fsr-3917	171	16	.	.	PUNCT
fsr-3917	172	1	the	the	DET
fsr-3917	172	2	probability	probability	NOUN
fsr-3917	172	3	values	value	NOUN
fsr-3917	172	4	(	(	PUNCT
fsr-3917	172	5	i.e.	i.e.	X
fsr-3917	172	6	,	,	PUNCT
fsr-3917	172	7	“	"	PUNCT
fsr-3917	172	8	p	p	X
fsr-3917	172	9	-	-	PUNCT
fsr-3917	172	10	values	value	NOUN
fsr-3917	172	11	”	"	PUNCT
fsr-3917	172	12	)	)	PUNCT
fsr-3917	172	13	are	be	AUX
fsr-3917	172	14	based	base	VERB
fsr-3917	172	15	on	on	ADP
fsr-3917	172	16	the	the	DET
fsr-3917	172	17	wilcoxon	wilcoxon	ADJ
fsr-3917	172	18	signed	sign	VERB
fsr-3917	172	19	-	-	PUNCT
fsr-3917	172	20	ranks	rank	NOUN
fsr-3917	172	21	statistic	statistic	NOUN
fsr-3917	172	22	,	,	PUNCT
fsr-3917	172	23	where	where	SCONJ
fsr-3917	172	24	“	"	PUNCT
fsr-3917	172	25	*	*	PUNCT
fsr-3917	172	26	”	"	PUNCT
fsr-3917	172	27	indicates	indicate	VERB
fsr-3917	172	28	significance	significance	NOUN
fsr-3917	172	29	at	at	ADP
fsr-3917	172	30	the	the	DET
fsr-3917	172	31	5	5	NUM
fsr-3917	172	32	%	%	NOUN
fsr-3917	172	33	level	level	NOUN
fsr-3917	172	34	in	in	ADP
fsr-3917	172	35	favor	favor	NOUN
fsr-3917	172	36	of	of	ADP
fsr-3917	172	37	the	the	DET
fsr-3917	172	38	egp	egp	PROPN
fsr-3917	172	39	portfolios	portfolio	NOUN
fsr-3917	172	40	and	and	CCONJ
fsr-3917	172	41	“	"	PUNCT
fsr-3917	172	42	#	#	NOUN
fsr-3917	172	43	”	"	PUNCT
fsr-3917	172	44	indicates	indicate	VERB
fsr-3917	172	45	significance	significance	NOUN
fsr-3917	172	46	at	at	ADP
fsr-3917	172	47	the	the	DET
fsr-3917	172	48	5	5	NUM
fsr-3917	172	49	%	%	NOUN
fsr-3917	172	50	level	level	NOUN
fsr-3917	172	51	in	in	ADP
fsr-3917	172	52	favor	favor	NOUN
fsr-3917	172	53	of	of	ADP
fsr-3917	172	54	the	the	DET
fsr-3917	172	55	s&p	s&p	PROPN
fsr-3917	172	56	500	500	NUM
fsr-3917	172	57	.	.	PUNCT
fsr-3917	173	1	153a.l	153a.l	X
fsr-3917	173	2	.	.	PUNCT
fsr-3917	174	1	loviscek	loviscek	NOUN
fsr-3917	174	2	,	,	PUNCT
fsr-3917	174	3	w.j	w.j	PROPN
fsr-3917	174	4	.	.	PROPN
fsr-3917	174	5	jordan	jordan	PROPN
fsr-3917	174	6	/	/	SYM
fsr-3917	174	7	financial	financial	ADJ
fsr-3917	174	8	services	service	NOUN
fsr-3917	174	9	review	review	VERB
fsr-3917	174	10	9	9	NUM
fsr-3917	174	11	(	(	PUNCT
fsr-3917	174	12	2000	2000	NUM
fsr-3917	174	13	)	)	PUNCT
fsr-3917	175	1	145–157	145–157	NUM
fsr-3917	175	2	500	500	NUM
fsr-3917	175	3	is	be	AUX
fsr-3917	175	4	its	its	PRON
fsr-3917	175	5	negative	negative	ADJ
fsr-3917	175	6	performance	performance	NOUN
fsr-3917	175	7	in	in	ADP
fsr-3917	175	8	1992	1992	NUM
fsr-3917	175	9	.	.	PUNCT
fsr-3917	176	1	table	table	NOUN
fsr-3917	176	2	2	2	NUM
fsr-3917	176	3	illustrates	illustrate	VERB
fsr-3917	176	4	that	that	SCONJ
fsr-3917	176	5	-0.2618	-0.2618	VERB
fsr-3917	176	6	is	be	AUX
fsr-3917	176	7	by	by	ADP
fsr-3917	176	8	far	far	ADV
fsr-3917	176	9	the	the	DET
fsr-3917	176	10	worst	bad	ADJ
fsr-3917	176	11	risk	risk	NOUN
fsr-3917	176	12	-	-	PUNCT
fsr-3917	176	13	adjusted	adjust	VERB
fsr-3917	176	14	excess	excess	ADJ
fsr-3917	176	15	return	return	NOUN
fsr-3917	176	16	of	of	ADP
fsr-3917	176	17	any	any	PRON
fsr-3917	176	18	of	of	ADP
fsr-3917	176	19	the	the	DET
fsr-3917	176	20	portfolios	portfolio	NOUN
fsr-3917	176	21	and	and	CCONJ
fsr-3917	176	22	,	,	PUNCT
fsr-3917	176	23	as	as	ADP
fsr-3917	176	24	a	a	DET
fsr-3917	176	25	result	result	NOUN
fsr-3917	176	26	,	,	PUNCT
fsr-3917	176	27	one	one	NUM
fsr-3917	176	28	that	that	PRON
fsr-3917	176	29	is	be	AUX
fsr-3917	176	30	difficult	difficult	ADJ
fsr-3917	176	31	to	to	PART
fsr-3917	176	32	offset	offset	VERB
fsr-3917	176	33	relative	relative	ADV
fsr-3917	176	34	to	to	ADP
fsr-3917	176	35	the	the	DET
fsr-3917	176	36	performance	performance	NOUN
fsr-3917	176	37	for	for	ADP
fsr-3917	176	38	the	the	DET
fsr-3917	176	39	s&p	s&p	PROPN
fsr-3917	176	40	500	500	NUM
fsr-3917	176	41	.	.	PUNCT
fsr-3917	177	1	for	for	ADP
fsr-3917	177	2	example	example	NOUN
fsr-3917	177	3	,	,	PUNCT
fsr-3917	177	4	while	while	SCONJ
fsr-3917	177	5	the	the	DET
fsr-3917	177	6	1991	1991	NUM
fsr-3917	177	7	portfolio	portfolio	NOUN
fsr-3917	177	8	soundly	soundly	ADV
fsr-3917	177	9	beats	beat	VERB
fsr-3917	177	10	the	the	DET
fsr-3917	177	11	s&p	s&p	PROPN
fsr-3917	177	12	500	500	NUM
fsr-3917	177	13	in	in	ADP
fsr-3917	177	14	1994	1994	NUM
fsr-3917	177	15	and	and	CCONJ
fsr-3917	177	16	1995	1995	NUM
fsr-3917	177	17	,	,	PUNCT
fsr-3917	177	18	registering	register	VERB
fsr-3917	177	19	performances	performance	NOUN
fsr-3917	177	20	of	of	ADP
fsr-3917	177	21	0.1153	0.1153	NUM
fsr-3917	177	22	and	and	CCONJ
fsr-3917	177	23	0.5370	0.5370	NUM
fsr-3917	177	24	,	,	PUNCT
fsr-3917	177	25	respectively	respectively	ADV
fsr-3917	177	26	,	,	PUNCT
fsr-3917	177	27	these	these	DET
fsr-3917	177	28	performances	performance	NOUN
fsr-3917	177	29	are	be	AUX
fsr-3917	177	30	not	not	PART
fsr-3917	177	31	enough	enough	ADJ
fsr-3917	177	32	to	to	PART
fsr-3917	177	33	help	help	VERB
fsr-3917	177	34	the	the	DET
fsr-3917	177	35	1991	1991	NUM
fsr-3917	177	36	portfolio	portfolio	NOUN
fsr-3917	177	37	outperform	outperform	VERB
fsr-3917	177	38	the	the	DET
fsr-3917	177	39	s&p	s&p	PROPN
fsr-3917	177	40	500	500	NUM
fsr-3917	177	41	across	across	ADP
fsr-3917	177	42	any	any	PRON
fsr-3917	177	43	of	of	ADP
fsr-3917	177	44	the	the	DET
fsr-3917	177	45	buy	buy	VERB
fsr-3917	177	46	-	-	PUNCT
fsr-3917	177	47	and	and	CCONJ
fsr-3917	177	48	-	-	PUNCT
fsr-3917	177	49	hold	hold	VERB
fsr-3917	177	50	strategies	strategy	NOUN
fsr-3917	177	51	.	.	PUNCT
fsr-3917	178	1	there	there	PRON
fsr-3917	178	2	is	be	VERB
fsr-3917	178	3	some	some	DET
fsr-3917	178	4	evidence	evidence	NOUN
fsr-3917	178	5	that	that	SCONJ
fsr-3917	178	6	the	the	DET
fsr-3917	178	7	1989	1989	NUM
fsr-3917	178	8	and	and	CCONJ
fsr-3917	178	9	1992	1992	NUM
fsr-3917	178	10	portfolios	portfolio	NOUN
fsr-3917	178	11	come	come	VERB
fsr-3917	178	12	fairly	fairly	ADV
fsr-3917	178	13	close	close	ADJ
fsr-3917	178	14	to	to	ADP
fsr-3917	178	15	outperforming	outperform	VERB
fsr-3917	178	16	the	the	DET
fsr-3917	178	17	s&p	s&p	PROPN
fsr-3917	178	18	500	500	NUM
fsr-3917	178	19	.	.	PUNCT
fsr-3917	179	1	the	the	DET
fsr-3917	179	2	1989	1989	NUM
fsr-3917	179	3	portfolio	portfolio	NOUN
fsr-3917	179	4	actually	actually	ADV
fsr-3917	179	5	does	do	VERB
fsr-3917	179	6	it	it	PRON
fsr-3917	179	7	in	in	ADP
fsr-3917	179	8	three	three	NUM
fsr-3917	179	9	instances	instance	NOUN
fsr-3917	179	10	,	,	PUNCT
fsr-3917	179	11	but	but	CCONJ
fsr-3917	179	12	the	the	DET
fsr-3917	179	13	overall	overall	ADJ
fsr-3917	179	14	difference	difference	NOUN
fsr-3917	179	15	,	,	PUNCT
fsr-3917	179	16	as	as	SCONJ
fsr-3917	179	17	shown	show	VERB
fsr-3917	179	18	by	by	ADP
fsr-3917	179	19	the	the	DET
fsr-3917	179	20	probability	probability	NOUN
fsr-3917	179	21	value	value	NOUN
fsr-3917	179	22	,	,	PUNCT
fsr-3917	179	23	is	be	AUX
fsr-3917	179	24	not	not	PART
fsr-3917	179	25	significant	significant	ADJ
fsr-3917	179	26	at	at	ADP
fsr-3917	179	27	the	the	DET
fsr-3917	179	28	5	5	NUM
fsr-3917	179	29	%	%	NOUN
fsr-3917	179	30	level	level	NOUN
fsr-3917	179	31	.	.	PUNCT
fsr-3917	180	1	a	a	DET
fsr-3917	180	2	similar	similar	ADJ
fsr-3917	180	3	conclusion	conclusion	NOUN
fsr-3917	180	4	is	be	AUX
fsr-3917	180	5	reached	reach	VERB
fsr-3917	180	6	with	with	ADP
fsr-3917	180	7	the	the	DET
fsr-3917	180	8	1992	1992	NUM
fsr-3917	180	9	portfolio	portfolio	NOUN
fsr-3917	180	10	.	.	PUNCT
fsr-3917	181	1	it	it	PRON
fsr-3917	181	2	actually	actually	ADV
fsr-3917	181	3	beats	beat	VERB
fsr-3917	181	4	the	the	DET
fsr-3917	181	5	s&p	s&p	PROPN
fsr-3917	181	6	500	500	NUM
fsr-3917	181	7	in	in	ADP
fsr-3917	181	8	four	four	NUM
fsr-3917	181	9	of	of	ADP
fsr-3917	181	10	the	the	DET
fsr-3917	181	11	five	five	NUM
fsr-3917	181	12	cases	case	NOUN
fsr-3917	181	13	,	,	PUNCT
fsr-3917	181	14	but	but	CCONJ
fsr-3917	181	15	the	the	DET
fsr-3917	181	16	probability	probability	NOUN
fsr-3917	181	17	value	value	NOUN
fsr-3917	181	18	of	of	ADP
fsr-3917	181	19	0.2502	0.2502	NUM
fsr-3917	181	20	casts	cast	VERB
fsr-3917	181	21	some	some	DET
fsr-3917	181	22	doubt	doubt	NOUN
fsr-3917	181	23	on	on	ADP
fsr-3917	181	24	the	the	DET
fsr-3917	181	25	efficacy	efficacy	NOUN
fsr-3917	181	26	of	of	ADP
fsr-3917	181	27	this	this	DET
fsr-3917	181	28	table	table	NOUN
fsr-3917	181	29	3	3	NUM
fsr-3917	181	30	portfolio	portfolio	NOUN
fsr-3917	181	31	performances	performance	NOUN
fsr-3917	181	32	:	:	PUNCT
fsr-3917	181	33	s&p	s&p	PROPN
fsr-3917	181	34	500	500	NUM
fsr-3917	181	35	versus	versus	ADP
fsr-3917	181	36	portfolios	portfolio	NOUN
fsr-3917	181	37	built	build	VERB
fsr-3917	181	38	from	from	ADP
fsr-3917	181	39	the	the	DET
fsr-3917	181	40	top	top	ADJ
fsr-3917	181	41	holdings	holding	NOUN
fsr-3917	181	42	of	of	ADP
fsr-3917	181	43	morningstar	morningstar	PROPN
fsr-3917	181	44	’s	’s	PART
fsr-3917	181	45	ten	ten	NUM
fsr-3917	181	46	-	-	PUNCT
fsr-3917	181	47	year	year	NOUN
fsr-3917	181	48	,	,	PUNCT
fsr-3917	181	49	five	five	NUM
fsr-3917	181	50	star	star	NOUN
fsr-3917	181	51	funds	fund	NOUN
fsr-3917	181	52	using	use	VERB
fsr-3917	181	53	the	the	DET
fsr-3917	181	54	elton	elton	PROPN
fsr-3917	181	55	-	-	PUNCT
fsr-3917	181	56	gruber	gruber	PROPN
fsr-3917	181	57	-	-	PUNCT
fsr-3917	181	58	padberg	padberg	NOUN
fsr-3917	181	59	approach	approach	NOUN
fsr-3917	181	60	,	,	PUNCT
fsr-3917	181	61	equations	equation	NOUN
fsr-3917	181	62	1	1	NUM
fsr-3917	181	63	through	through	ADP
fsr-3917	181	64	3	3	NUM
fsr-3917	181	65	portfolio	portfolio	NOUN
fsr-3917	181	66	building	building	NOUN
fsr-3917	181	67	year	year	NOUN
fsr-3917	181	68	annual	annual	ADJ
fsr-3917	181	69	risk	risk	NOUN
fsr-3917	181	70	-	-	PUNCT
fsr-3917	181	71	adjusted	adjust	VERB
fsr-3917	181	72	excess	excess	ADJ
fsr-3917	181	73	returns	return	NOUN
fsr-3917	181	74	of	of	ADP
fsr-3917	181	75	the	the	DET
fsr-3917	181	76	egp	egp	PROPN
fsr-3917	181	77	portfolios	portfolio	NOUN
fsr-3917	181	78	and	and	CCONJ
fsr-3917	181	79	the	the	DET
fsr-3917	181	80	s&p	s&p	PROPN
fsr-3917	181	81	5003	5003	NUM
fsr-3917	181	82	portfolio	portfolio	NOUN
fsr-3917	181	83	testing	testing	NOUN
fsr-3917	181	84	year	year	NOUN
fsr-3917	181	85	1990	1990	NUM
fsr-3917	181	86	1991	1991	NUM
fsr-3917	181	87	1992	1992	NUM
fsr-3917	181	88	1993	1993	NUM
fsr-3917	181	89	1994	1994	NUM
fsr-3917	181	90	1995	1995	NUM
fsr-3917	181	91	1996	1996	NUM
fsr-3917	181	92	1997	1997	NUM
fsr-3917	181	93	1998	1998	NUM
fsr-3917	181	94	1989	1989	NUM
fsr-3917	181	95	0.0104	0.0104	NUM
fsr-3917	181	96	0.3217	0.3217	NUM
fsr-3917	181	97	20.1412	20.1412	NUM
fsr-3917	181	98	0.0412	0.0412	NUM
fsr-3917	181	99	20.1014	20.1014	NUM
fsr-3917	181	100	—	—	PUNCT
fsr-3917	181	101	—	—	PUNCT
fsr-3917	181	102	—	—	PUNCT
fsr-3917	181	103	—	—	PUNCT
fsr-3917	181	104	1990	1990	NUM
fsr-3917	181	105	—	—	PUNCT
fsr-3917	181	106	0.5921	0.5921	NUM
fsr-3917	181	107	0.0222	0.0222	NUM
fsr-3917	181	108	20.0164	20.0164	NUM
fsr-3917	181	109	20.1297	20.1297	NUM
fsr-3917	181	110	0.4973	0.4973	NUM
fsr-3917	181	111	—	—	PUNCT
fsr-3917	181	112	—	—	PUNCT
fsr-3917	181	113	—	—	PUNCT
fsr-3917	181	114	1991	1991	NUM
fsr-3917	181	115	—	—	PUNCT
fsr-3917	181	116	—	—	PUNCT
fsr-3917	181	117	20.1934	20.1934	NUM
fsr-3917	181	118	0.0377	0.0377	NUM
fsr-3917	181	119	0.0712	0.0712	NUM
fsr-3917	181	120	0.4943	0.4943	NUM
fsr-3917	181	121	0.1297	0.1297	NUM
fsr-3917	181	122	—	—	PUNCT
fsr-3917	181	123	—	—	PUNCT
fsr-3917	181	124	1992	1992	NUM
fsr-3917	181	125	—	—	PUNCT
fsr-3917	181	126	—	—	PUNCT
fsr-3917	181	127	—	—	PUNCT
fsr-3917	181	128	0.1858	0.1858	NUM
fsr-3917	181	129	0.0343	0.0343	NUM
fsr-3917	182	1	0.0881	0.0881	NUM
fsr-3917	182	2	0.3877	0.3877	NUM
fsr-3917	182	3	0.1792	0.1792	NUM
fsr-3917	182	4	—	—	PUNCT
fsr-3917	182	5	1993	1993	NUM
fsr-3917	182	6	—	—	PUNCT
fsr-3917	182	7	—	—	PUNCT
fsr-3917	182	8	—	—	PUNCT
fsr-3917	182	9	—	—	PUNCT
fsr-3917	182	10	0.0708	0.0708	NUM
fsr-3917	182	11	0.3022	0.3022	NUM
fsr-3917	182	12	0.2854	0.2854	NUM
fsr-3917	182	13	0.1462	0.1462	NUM
fsr-3917	182	14	0.3644	0.3644	NUM
fsr-3917	182	15	s&p	s&p	PROPN
fsr-3917	182	16	500	500	NUM
fsr-3917	182	17	20.1072	20.1072	NUM
fsr-3917	182	18	0.2411	0.2411	NUM
fsr-3917	182	19	0.0379	0.0379	NUM
fsr-3917	182	20	0.0690	0.0690	NUM
fsr-3917	182	21	20.0174	20.0174	NUM
fsr-3917	182	22	0.3192	0.3192	NUM
fsr-3917	182	23	0.1818	0.1818	NUM
fsr-3917	182	24	0.2843	0.2843	NUM
fsr-3917	182	25	0.2333	0.2333	NUM
fsr-3917	182	26	geometric	geometric	ADJ
fsr-3917	182	27	means	mean	NOUN
fsr-3917	182	28	of	of	ADP
fsr-3917	182	29	the	the	DET
fsr-3917	182	30	annual	annual	ADJ
fsr-3917	182	31	risk	risk	NOUN
fsr-3917	182	32	-	-	PUNCT
fsr-3917	182	33	adjusted	adjust	VERB
fsr-3917	182	34	excess	excess	ADJ
fsr-3917	182	35	returns	return	NOUN
fsr-3917	182	36	:	:	PUNCT
fsr-3917	182	37	s&p	s&p	PROPN
fsr-3917	182	38	500	500	NUM
fsr-3917	182	39	versus	versus	ADP
fsr-3917	182	40	egp	egp	PROPN
fsr-3917	182	41	portfolios4	portfolios4	PROPN
fsr-3917	182	42	1990	1990	NUM
fsr-3917	182	43	1991	1991	NUM
fsr-3917	182	44	1992	1992	NUM
fsr-3917	182	45	1993	1993	NUM
fsr-3917	182	46	1994	1994	NUM
fsr-3917	182	47	p	p	ADJ
fsr-3917	182	48	-	-	PUNCT
fsr-3917	182	49	value	value	NOUN
fsr-3917	182	50	1989	1989	NUM
fsr-3917	182	51	portfolio	portfolio	NOUN
fsr-3917	182	52	0.0104	0.0104	NUM
fsr-3917	182	53	0.1556	0.1556	NUM
fsr-3917	182	54	0.0468	0.0468	NUM
fsr-3917	182	55	0.0454	0.0454	NUM
fsr-3917	182	56	0.0142	0.0142	NUM
fsr-3917	182	57	0.3430	0.3430	NUM
fsr-3917	182	58	s&p	s&p	PROPN
fsr-3917	182	59	500	500	NUM
fsr-3917	182	60	20.1072	20.1072	NUM
fsr-3917	182	61	0.0526	0.0526	NUM
fsr-3917	182	62	0.0477	0.0477	NUM
fsr-3917	182	63	0.0530	0.0530	NUM
fsr-3917	182	64	0.0385	0.0385	NUM
fsr-3917	182	65	1991	1991	NUM
fsr-3917	182	66	1992	1992	NUM
fsr-3917	182	67	1993	1993	NUM
fsr-3917	182	68	1994	1994	NUM
fsr-3917	182	69	1995	1995	NUM
fsr-3917	182	70	p	p	NOUN
fsr-3917	182	71	-	-	PUNCT
fsr-3917	182	72	value	value	NOUN
fsr-3917	182	73	1990	1990	NUM
fsr-3917	182	74	portfolio	portfolio	NOUN
fsr-3917	182	75	0.5921	0.5921	NUM
fsr-3917	182	76	0.2757	0.2757	NUM
fsr-3917	182	77	0.1698	0.1698	NUM
fsr-3917	182	78	0.0864	0.0864	NUM
fsr-3917	182	79	0.1584	0.1584	NUM
fsr-3917	182	80	0.0212	0.0212	NUM
fsr-3917	182	81	*	*	PUNCT
fsr-3917	182	82	s&p	s&p	PROPN
fsr-3917	182	83	500	500	NUM
fsr-3917	182	84	0.2411	0.2411	NUM
fsr-3917	182	85	0.1350	0.1350	NUM
fsr-3917	182	86	0.1125	0.1125	NUM
fsr-3917	182	87	0.0785	0.0785	NUM
fsr-3917	182	88	0.1229	0.1229	NUM
fsr-3917	182	89	1992	1992	NUM
fsr-3917	182	90	1993	1993	NUM
fsr-3917	182	91	1994	1994	NUM
fsr-3917	182	92	1995	1995	NUM
fsr-3917	182	93	1996	1996	NUM
fsr-3917	182	94	p	p	X
fsr-3917	182	95	-	-	PUNCT
fsr-3917	182	96	value	value	NOUN
fsr-3917	182	97	1991	1991	NUM
fsr-3917	182	98	portfolio	portfolio	NOUN
fsr-3917	182	99	20.1934	20.1934	NUM
fsr-3917	182	100	20.0851	20.0851	NUM
fsr-3917	182	101	20.0357	20.0357	NUM
fsr-3917	182	102	0.0759	0.0759	NUM
fsr-3917	182	103	0.0864	0.0864	NUM
fsr-3917	182	104	20.0212	20.0212	NUM
fsr-3917	182	105	#	#	NOUN
fsr-3917	182	106	s&p	s&p	PROPN
fsr-3917	182	107	500	500	NUM
fsr-3917	182	108	0.0379	0.0379	NUM
fsr-3917	182	109	0.0533	0.0533	NUM
fsr-3917	182	110	0.0292	0.0292	NUM
fsr-3917	182	111	0.0951	0.0951	NUM
fsr-3917	182	112	0.1119	0.1119	NUM
fsr-3917	182	113	1993	1993	NUM
fsr-3917	182	114	1994	1994	NUM
fsr-3917	182	115	1995	1995	NUM
fsr-3917	182	116	1996	1996	NUM
fsr-3917	182	117	1997	1997	NUM
fsr-3917	182	118	p	p	ADJ
fsr-3917	182	119	-	-	PUNCT
fsr-3917	182	120	value	value	NOUN
fsr-3917	182	121	1992	1992	NUM
fsr-3917	182	122	portfolio	portfolio	NOUN
fsr-3917	182	123	0.1858	0.1858	NUM
fsr-3917	182	124	0.1074	0.1074	NUM
fsr-3917	182	125	0.1010	0.1010	NUM
fsr-3917	182	126	0.1665	0.1665	NUM
fsr-3917	182	127	0.1690	0.1690	NUM
fsr-3917	182	128	0.0690	0.0690	NUM
fsr-3917	182	129	s&p	s&p	PROPN
fsr-3917	182	130	500	500	NUM
fsr-3917	182	131	0.0690	0.0690	NUM
fsr-3917	182	132	0.0249	0.0249	NUM
fsr-3917	182	133	0.1149	0.1149	NUM
fsr-3917	182	134	0.1312	0.1312	NUM
fsr-3917	182	135	0.1603	0.1603	NUM
fsr-3917	182	136	1994	1994	NUM
fsr-3917	182	137	1995	1995	NUM
fsr-3917	182	138	1996	1996	NUM
fsr-3917	182	139	1997	1997	NUM
fsr-3917	182	140	1998	1998	NUM
fsr-3917	182	141	p	p	ADJ
fsr-3917	182	142	-	-	PUNCT
fsr-3917	182	143	value	value	NOUN
fsr-3917	182	144	1993	1993	NUM
fsr-3917	182	145	portfolio	portfolio	NOUN
fsr-3917	183	1	0.0780	0.0780	NUM
fsr-3917	183	2	0.1809	0.1809	NUM
fsr-3917	183	3	0.2147	0.2147	NUM
fsr-3917	183	4	0.1972	0.1972	NUM
fsr-3917	183	5	0.2293	0.2293	NUM
fsr-3917	183	6	0.0212	0.0212	NUM
fsr-3917	183	7	*	*	PUNCT
fsr-3917	183	8	s&p	s&p	PROPN
fsr-3917	183	9	500	500	NUM
fsr-3917	183	10	20.0174	20.0174	NUM
fsr-3917	183	11	0.1385	0.1385	NUM
fsr-3917	183	12	0.1528	0.1528	NUM
fsr-3917	183	13	0.1843	0.1843	NUM
fsr-3917	183	14	0.1940	0.1940	NUM
fsr-3917	183	15	3,4	3,4	NUM
fsr-3917	183	16	the	the	DET
fsr-3917	183	17	annual	annual	ADJ
fsr-3917	183	18	risk	risk	NOUN
fsr-3917	183	19	-	-	PUNCT
fsr-3917	183	20	adjusted	adjust	VERB
fsr-3917	183	21	excess	excess	ADJ
fsr-3917	183	22	returns	return	NOUN
fsr-3917	183	23	are	be	AUX
fsr-3917	183	24	the	the	DET
fsr-3917	183	25	portfolio	portfolio	NOUN
fsr-3917	183	26	(	(	PUNCT
fsr-3917	183	27	and	and	CCONJ
fsr-3917	183	28	the	the	DET
fsr-3917	183	29	s&p	s&p	PROPN
fsr-3917	183	30	500	500	NUM
fsr-3917	183	31	)	)	PUNCT
fsr-3917	183	32	returns	return	NOUN
fsr-3917	183	33	minus	minus	ADP
fsr-3917	183	34	the	the	DET
fsr-3917	183	35	annual	annual	ADJ
fsr-3917	183	36	three	three	NUM
fsr-3917	183	37	-	-	PUNCT
fsr-3917	183	38	month	month	NOUN
fsr-3917	183	39	u.s	u.s	PROPN
fsr-3917	183	40	.	.	PROPN
fsr-3917	183	41	treasury	treasury	PROPN
fsr-3917	183	42	bill	bill	PROPN
fsr-3917	183	43	rate	rate	NOUN
fsr-3917	183	44	divided	divide	VERB
fsr-3917	183	45	by	by	ADP
fsr-3917	183	46	the	the	DET
fsr-3917	183	47	portfolio	portfolio	NOUN
fsr-3917	183	48	’s	’s	PART
fsr-3917	183	49	beta	beta	NOUN
fsr-3917	183	50	.	.	PUNCT
fsr-3917	184	1	to	to	PART
fsr-3917	184	2	illustrate	illustrate	VERB
fsr-3917	184	3	the	the	DET
fsr-3917	184	4	geometric	geometric	ADJ
fsr-3917	184	5	means	mean	NOUN
fsr-3917	184	6	,	,	PUNCT
fsr-3917	184	7	the	the	DET
fsr-3917	184	8	1989	1989	NUM
fsr-3917	184	9	portfolio	portfolio	NOUN
fsr-3917	184	10	’s	’s	PART
fsr-3917	184	11	geometric	geometric	ADJ
fsr-3917	184	12	mean	mean	NOUN
fsr-3917	184	13	through	through	ADP
fsr-3917	184	14	1991	1991	NUM
fsr-3917	184	15	,	,	PUNCT
fsr-3917	184	16	a	a	DET
fsr-3917	184	17	two	two	NUM
fsr-3917	184	18	-	-	PUNCT
fsr-3917	184	19	year	year	NOUN
fsr-3917	184	20	holding	holding	NOUN
fsr-3917	184	21	period	period	NOUN
fsr-3917	184	22	,	,	PUNCT
fsr-3917	184	23	is	be	AUX
fsr-3917	184	24	0.1556	0.1556	NUM
fsr-3917	184	25	,	,	PUNCT
fsr-3917	184	26	the	the	DET
fsr-3917	184	27	geometric	geometric	ADJ
fsr-3917	184	28	mean	mean	NOUN
fsr-3917	184	29	of	of	ADP
fsr-3917	184	30	0.0104	0.0104	NUM
fsr-3917	184	31	and	and	CCONJ
fsr-3917	184	32	0.3217	0.3217	NUM
fsr-3917	184	33	.	.	PUNCT
fsr-3917	185	1	the	the	DET
fsr-3917	185	2	corresponding	corresponding	ADJ
fsr-3917	185	3	value	value	NOUN
fsr-3917	185	4	for	for	ADP
fsr-3917	185	5	the	the	DET
fsr-3917	185	6	s&p	s&p	PROPN
fsr-3917	185	7	500	500	NUM
fsr-3917	185	8	is	be	AUX
fsr-3917	185	9	0.0526	0.0526	NUM
fsr-3917	185	10	,	,	PUNCT
fsr-3917	185	11	the	the	DET
fsr-3917	185	12	mean	mean	NOUN
fsr-3917	185	13	of20.1072	of20.1072	NUM
fsr-3917	185	14	and	and	CCONJ
fsr-3917	185	15	0.2411	0.2411	NUM
fsr-3917	185	16	.	.	PUNCT
fsr-3917	186	1	the	the	DET
fsr-3917	186	2	probability	probability	NOUN
fsr-3917	186	3	values	value	NOUN
fsr-3917	186	4	(	(	PUNCT
fsr-3917	186	5	i.e.	i.e.	X
fsr-3917	186	6	,	,	PUNCT
fsr-3917	186	7	“	"	PUNCT
fsr-3917	186	8	p	p	X
fsr-3917	186	9	-	-	PUNCT
fsr-3917	186	10	values	value	NOUN
fsr-3917	186	11	”	"	PUNCT
fsr-3917	186	12	)	)	PUNCT
fsr-3917	186	13	are	be	AUX
fsr-3917	186	14	based	base	VERB
fsr-3917	186	15	on	on	ADP
fsr-3917	186	16	the	the	DET
fsr-3917	186	17	wilcoxon	wilcoxon	ADJ
fsr-3917	186	18	signed	sign	VERB
fsr-3917	186	19	-	-	PUNCT
fsr-3917	186	20	ranks	rank	NOUN
fsr-3917	186	21	statistic	statistic	NOUN
fsr-3917	186	22	,	,	PUNCT
fsr-3917	186	23	where	where	SCONJ
fsr-3917	186	24	“	"	PUNCT
fsr-3917	186	25	*	*	PUNCT
fsr-3917	186	26	”	"	PUNCT
fsr-3917	186	27	indicates	indicate	VERB
fsr-3917	186	28	significance	significance	NOUN
fsr-3917	186	29	at	at	ADP
fsr-3917	186	30	the	the	DET
fsr-3917	186	31	5	5	NUM
fsr-3917	186	32	%	%	NOUN
fsr-3917	186	33	level	level	NOUN
fsr-3917	186	34	in	in	ADP
fsr-3917	186	35	favor	favor	NOUN
fsr-3917	186	36	of	of	ADP
fsr-3917	186	37	the	the	DET
fsr-3917	186	38	egp	egp	PROPN
fsr-3917	186	39	portfolios	portfolio	NOUN
fsr-3917	186	40	and	and	CCONJ
fsr-3917	186	41	“	"	PUNCT
fsr-3917	186	42	#	#	NOUN
fsr-3917	186	43	”	"	PUNCT
fsr-3917	186	44	indicates	indicate	VERB
fsr-3917	186	45	significance	significance	NOUN
fsr-3917	186	46	at	at	ADP
fsr-3917	186	47	the	the	DET
fsr-3917	186	48	5	5	NUM
fsr-3917	186	49	%	%	NOUN
fsr-3917	186	50	level	level	NOUN
fsr-3917	186	51	in	in	ADP
fsr-3917	186	52	favor	favor	NOUN
fsr-3917	186	53	of	of	ADP
fsr-3917	186	54	the	the	DET
fsr-3917	186	55	s&p	s&p	PROPN
fsr-3917	186	56	500	500	NUM
fsr-3917	186	57	.	.	PUNCT
fsr-3917	187	1	154	154	NUM
fsr-3917	187	2	a.l	a.l	PROPN
fsr-3917	187	3	.	.	PROPN
fsr-3917	187	4	loviscek	loviscek	PROPN
fsr-3917	187	5	,	,	PUNCT
fsr-3917	187	6	w.j	w.j	PROPN
fsr-3917	187	7	.	.	PROPN
fsr-3917	187	8	jordan	jordan	PROPN
fsr-3917	187	9	/	/	SYM
fsr-3917	187	10	financial	financial	ADJ
fsr-3917	187	11	services	service	NOUN
fsr-3917	187	12	review	review	VERB
fsr-3917	187	13	9	9	NUM
fsr-3917	187	14	(	(	PUNCT
fsr-3917	187	15	2000	2000	NUM
fsr-3917	187	16	)	)	PUNCT
fsr-3917	187	17	145–157	145–157	NUM
fsr-3917	187	18	portfolio	portfolio	NOUN
fsr-3917	187	19	.	.	PUNCT
fsr-3917	188	1	the	the	DET
fsr-3917	188	2	reason	reason	NOUN
fsr-3917	188	3	for	for	ADP
fsr-3917	188	4	this	this	DET
fsr-3917	188	5	high	high	ADJ
fsr-3917	188	6	value	value	NOUN
fsr-3917	188	7	is	be	AUX
fsr-3917	188	8	seen	see	VERB
fsr-3917	188	9	in	in	ADP
fsr-3917	188	10	the	the	DET
fsr-3917	188	11	portfolio	portfolio	NOUN
fsr-3917	188	12	’s	’s	PART
fsr-3917	188	13	performance	performance	NOUN
fsr-3917	188	14	during	during	ADP
fsr-3917	188	15	1995	1995	NUM
fsr-3917	188	16	.	.	PUNCT
fsr-3917	189	1	while	while	SCONJ
fsr-3917	189	2	its	its	PRON
fsr-3917	189	3	risk	risk	NOUN
fsr-3917	189	4	-	-	PUNCT
fsr-3917	189	5	adjusted	adjust	VERB
fsr-3917	189	6	excess	excess	ADJ
fsr-3917	189	7	return	return	NOUN
fsr-3917	189	8	is	be	AUX
fsr-3917	189	9	a	a	DET
fsr-3917	189	10	respectable	respectable	ADJ
fsr-3917	189	11	0.1284	0.1284	NUM
fsr-3917	189	12	,	,	PUNCT
fsr-3917	189	13	the	the	DET
fsr-3917	189	14	s&p	s&p	PROPN
fsr-3917	189	15	500	500	NUM
fsr-3917	189	16	’s	’s	PART
fsr-3917	189	17	is	be	AUX
fsr-3917	189	18	0.3192	0.3192	NUM
fsr-3917	189	19	.	.	PUNCT
fsr-3917	190	1	as	as	ADP
fsr-3917	190	2	a	a	DET
fsr-3917	190	3	result	result	NOUN
fsr-3917	190	4	,	,	PUNCT
fsr-3917	190	5	by	by	ADP
fsr-3917	190	6	1995	1995	NUM
fsr-3917	190	7	the	the	DET
fsr-3917	190	8	geometric	geometric	ADJ
fsr-3917	190	9	mean	mean	NOUN
fsr-3917	190	10	of	of	ADP
fsr-3917	190	11	this	this	DET
fsr-3917	190	12	egp	egp	PROPN
fsr-3917	190	13	portfolio	portfolio	NOUN
fsr-3917	190	14	has	have	AUX
fsr-3917	190	15	underperformed	underperform	VERB
fsr-3917	190	16	the	the	DET
fsr-3917	190	17	s&p	s&p	PROPN
fsr-3917	190	18	500	500	NUM
fsr-3917	190	19	by	by	ADP
fsr-3917	190	20	over	over	ADP
fsr-3917	190	21	four	four	NUM
fsr-3917	190	22	percentage	percentage	NOUN
fsr-3917	190	23	points	point	NOUN
fsr-3917	190	24	,	,	PUNCT
fsr-3917	190	25	the	the	DET
fsr-3917	190	26	largest	large	ADJ
fsr-3917	190	27	difference	difference	NOUN
fsr-3917	190	28	(	(	PUNCT
fsr-3917	190	29	in	in	ADP
fsr-3917	190	30	absolute	absolute	ADJ
fsr-3917	190	31	terms	term	NOUN
fsr-3917	190	32	)	)	PUNCT
fsr-3917	190	33	across	across	ADP
fsr-3917	190	34	the	the	DET
fsr-3917	190	35	five	five	NUM
fsr-3917	190	36	pairwise	pairwise	NOUN
fsr-3917	190	37	comparisons	comparison	NOUN
fsr-3917	190	38	.	.	PUNCT
fsr-3917	191	1	using	use	VERB
fsr-3917	191	2	the	the	DET
fsr-3917	191	3	wilcoxon	wilcoxon	ADJ
fsr-3917	191	4	test	test	NOUN
fsr-3917	191	5	,	,	PUNCT
fsr-3917	191	6	we	we	PRON
fsr-3917	191	7	find	find	VERB
fsr-3917	191	8	that	that	SCONJ
fsr-3917	191	9	the	the	DET
fsr-3917	191	10	size	size	NOUN
fsr-3917	191	11	of	of	ADP
fsr-3917	191	12	the	the	DET
fsr-3917	191	13	(	(	PUNCT
fsr-3917	191	14	negative	negative	ADJ
fsr-3917	191	15	)	)	PUNCT
fsr-3917	191	16	performance	performance	NOUN
fsr-3917	191	17	relative	relative	ADJ
fsr-3917	191	18	to	to	ADP
fsr-3917	191	19	that	that	PRON
fsr-3917	191	20	of	of	ADP
fsr-3917	191	21	the	the	DET
fsr-3917	191	22	s&p	s&p	PROPN
fsr-3917	191	23	500	500	NUM
fsr-3917	191	24	makes	make	VERB
fsr-3917	191	25	it	it	PRON
fsr-3917	191	26	impossible	impossible	ADJ
fsr-3917	191	27	to	to	PART
fsr-3917	191	28	reject	reject	VERB
fsr-3917	191	29	the	the	DET
fsr-3917	191	30	null	null	ADJ
fsr-3917	191	31	hypothesis	hypothesis	NOUN
fsr-3917	191	32	that	that	PRON
fsr-3917	191	33	no	no	DET
fsr-3917	191	34	significant	significant	ADJ
fsr-3917	191	35	difference	difference	NOUN
fsr-3917	191	36	exists	exist	VERB
fsr-3917	191	37	in	in	ADP
fsr-3917	191	38	the	the	DET
fsr-3917	191	39	results	result	NOUN
fsr-3917	191	40	.	.	PUNCT
fsr-3917	192	1	turning	turn	VERB
fsr-3917	192	2	to	to	ADP
fsr-3917	192	3	table	table	NOUN
fsr-3917	192	4	3	3	NUM
fsr-3917	192	5	,	,	PUNCT
fsr-3917	192	6	the	the	DET
fsr-3917	192	7	results	result	NOUN
fsr-3917	192	8	based	base	VERB
fsr-3917	192	9	on	on	ADP
fsr-3917	192	10	equally	equally	ADV
fsr-3917	192	11	weighted	weight	VERB
fsr-3917	192	12	stocks	stock	NOUN
fsr-3917	192	13	,	,	PUNCT
fsr-3917	192	14	we	we	PRON
fsr-3917	192	15	find	find	VERB
fsr-3917	192	16	similar	similar	ADJ
fsr-3917	192	17	results	result	NOUN
fsr-3917	192	18	.	.	PUNCT
fsr-3917	193	1	the	the	DET
fsr-3917	193	2	geometric	geometric	ADJ
fsr-3917	193	3	mean	mean	NOUN
fsr-3917	193	4	performance	performance	NOUN
fsr-3917	193	5	for	for	ADP
fsr-3917	193	6	the	the	DET
fsr-3917	193	7	egp	egp	PROPN
fsr-3917	193	8	portfolios	portfolio	NOUN
fsr-3917	193	9	exceeds	exceed	VERB
fsr-3917	193	10	that	that	PRON
fsr-3917	193	11	of	of	ADP
fsr-3917	193	12	the	the	DET
fsr-3917	193	13	s&p	s&p	PROPN
fsr-3917	193	14	500	500	NUM
fsr-3917	193	15	in	in	ADP
fsr-3917	193	16	16	16	NUM
fsr-3917	193	17	of	of	ADP
fsr-3917	193	18	the	the	DET
fsr-3917	193	19	25	25	NUM
fsr-3917	193	20	possible	possible	ADJ
fsr-3917	193	21	pairwise	pairwise	NOUN
fsr-3917	193	22	comparisons	comparison	NOUN
fsr-3917	193	23	.	.	PUNCT
fsr-3917	194	1	both	both	PRON
fsr-3917	194	2	the	the	DET
fsr-3917	194	3	1990	1990	NUM
fsr-3917	194	4	and	and	CCONJ
fsr-3917	194	5	1993	1993	NUM
fsr-3917	194	6	portfolios	portfolio	NOUN
fsr-3917	194	7	beat	beat	VERB
fsr-3917	194	8	the	the	DET
fsr-3917	194	9	s&p	s&p	PROPN
fsr-3917	194	10	500	500	NUM
fsr-3917	194	11	for	for	ADP
fsr-3917	194	12	all	all	DET
fsr-3917	194	13	holdings	holding	NOUN
fsr-3917	194	14	periods	period	NOUN
fsr-3917	194	15	,	,	PUNCT
fsr-3917	194	16	as	as	SCONJ
fsr-3917	194	17	the	the	DET
fsr-3917	194	18	probability	probability	NOUN
fsr-3917	194	19	values	value	NOUN
fsr-3917	194	20	confirm	confirm	VERB
fsr-3917	194	21	.	.	PUNCT
fsr-3917	195	1	once	once	ADV
fsr-3917	195	2	again	again	ADV
fsr-3917	195	3	,	,	PUNCT
fsr-3917	195	4	the	the	DET
fsr-3917	195	5	1991	1991	NUM
fsr-3917	195	6	portfolio	portfolio	NOUN
fsr-3917	195	7	underperforms	underperform	VERB
fsr-3917	195	8	the	the	DET
fsr-3917	195	9	s&p	s&p	PROPN
fsr-3917	195	10	500	500	NUM
fsr-3917	195	11	across	across	ADP
fsr-3917	195	12	all	all	DET
fsr-3917	195	13	holding	hold	VERB
fsr-3917	195	14	periods	period	NOUN
fsr-3917	195	15	.	.	PUNCT
fsr-3917	196	1	as	as	ADP
fsr-3917	196	2	before	before	ADV
fsr-3917	196	3	,	,	PUNCT
fsr-3917	196	4	the	the	DET
fsr-3917	196	5	1989	1989	NUM
fsr-3917	196	6	portfolio	portfolio	NOUN
fsr-3917	196	7	does	do	AUX
fsr-3917	196	8	not	not	PART
fsr-3917	196	9	outperform	outperform	VERB
fsr-3917	196	10	the	the	DET
fsr-3917	196	11	s&p	s&p	PROPN
fsr-3917	196	12	500	500	NUM
fsr-3917	196	13	.	.	PUNCT
fsr-3917	197	1	the	the	DET
fsr-3917	197	2	1992	1992	NUM
fsr-3917	197	3	portfolio	portfolio	NOUN
fsr-3917	197	4	outperforms	outperform	VERB
fsr-3917	197	5	it	it	PRON
fsr-3917	197	6	in	in	ADP
fsr-3917	197	7	four	four	NUM
fsr-3917	197	8	of	of	ADP
fsr-3917	197	9	the	the	DET
fsr-3917	197	10	five	five	NUM
fsr-3917	197	11	holding	hold	VERB
fsr-3917	197	12	periods	period	NOUN
fsr-3917	197	13	.	.	PUNCT
fsr-3917	198	1	unlike	unlike	ADP
fsr-3917	198	2	in	in	ADP
fsr-3917	198	3	table	table	NOUN
fsr-3917	198	4	2	2	NUM
fsr-3917	198	5	,	,	PUNCT
fsr-3917	198	6	however	however	ADV
fsr-3917	198	7	,	,	PUNCT
fsr-3917	198	8	the	the	DET
fsr-3917	198	9	difference	difference	NOUN
fsr-3917	198	10	across	across	ADP
fsr-3917	198	11	the	the	DET
fsr-3917	198	12	periods	period	NOUN
fsr-3917	198	13	is	be	AUX
fsr-3917	198	14	significant	significant	ADJ
fsr-3917	198	15	at	at	ADP
fsr-3917	198	16	the	the	DET
fsr-3917	198	17	10	10	NUM
fsr-3917	198	18	%	%	NOUN
fsr-3917	198	19	level	level	NOUN
fsr-3917	198	20	.	.	PUNCT
fsr-3917	199	1	this	this	PRON
fsr-3917	199	2	is	be	AUX
fsr-3917	199	3	because	because	SCONJ
fsr-3917	199	4	the	the	DET
fsr-3917	199	5	difference	difference	NOUN
fsr-3917	199	6	in	in	ADP
fsr-3917	199	7	performance	performance	NOUN
fsr-3917	199	8	by	by	ADP
fsr-3917	199	9	1995	1995	NUM
fsr-3917	199	10	is	be	AUX
fsr-3917	199	11	smaller	small	ADJ
fsr-3917	199	12	than	than	SCONJ
fsr-3917	199	13	it	it	PRON
fsr-3917	199	14	is	be	AUX
fsr-3917	199	15	in	in	ADP
fsr-3917	199	16	table	table	NOUN
fsr-3917	199	17	1	1	NUM
fsr-3917	199	18	.	.	PUNCT
fsr-3917	200	1	do	do	AUX
fsr-3917	200	2	the	the	DET
fsr-3917	200	3	results	result	NOUN
fsr-3917	200	4	suggest	suggest	VERB
fsr-3917	200	5	how	how	SCONJ
fsr-3917	200	6	long	long	ADV
fsr-3917	200	7	the	the	DET
fsr-3917	200	8	individual	individual	ADJ
fsr-3917	200	9	investor	investor	NOUN
fsr-3917	200	10	should	should	AUX
fsr-3917	200	11	hold	hold	VERB
fsr-3917	200	12	a	a	DET
fsr-3917	200	13	portfolio	portfolio	NOUN
fsr-3917	200	14	?	?	PUNCT
fsr-3917	201	1	this	this	DET
fsr-3917	201	2	question	question	NOUN
fsr-3917	201	3	motivates	motivate	VERB
fsr-3917	201	4	an	an	DET
fsr-3917	201	5	examination	examination	NOUN
fsr-3917	201	6	of	of	ADP
fsr-3917	201	7	the	the	DET
fsr-3917	201	8	performances	performance	NOUN
fsr-3917	201	9	by	by	ADP
fsr-3917	201	10	holding	hold	VERB
fsr-3917	201	11	period	period	NOUN
fsr-3917	201	12	.	.	PUNCT
fsr-3917	202	1	as	as	ADP
fsr-3917	202	2	a	a	DET
fsr-3917	202	3	guide	guide	NOUN
fsr-3917	202	4	to	to	ADP
fsr-3917	202	5	answering	answer	VERB
fsr-3917	202	6	the	the	DET
fsr-3917	202	7	question	question	NOUN
fsr-3917	202	8	,	,	PUNCT
fsr-3917	202	9	elton	elton	PROPN
fsr-3917	202	10	,	,	PUNCT
fsr-3917	202	11	gruber	gruber	PROPN
fsr-3917	202	12	and	and	CCONJ
fsr-3917	202	13	blake	blake	PROPN
fsr-3917	202	14	(	(	PUNCT
fsr-3917	202	15	1996	1996	NUM
fsr-3917	202	16	)	)	PUNCT
fsr-3917	202	17	,	,	PUNCT
fsr-3917	202	18	based	base	VERB
fsr-3917	202	19	on	on	ADP
fsr-3917	202	20	evidence	evidence	NOUN
fsr-3917	202	21	of	of	ADP
fsr-3917	202	22	persistence	persistence	NOUN
fsr-3917	202	23	in	in	ADP
fsr-3917	202	24	mutual	mutual	ADJ
fsr-3917	202	25	fund	fund	NOUN
fsr-3917	202	26	performance	performance	NOUN
fsr-3917	202	27	,	,	PUNCT
fsr-3917	202	28	suggest	suggest	VERB
fsr-3917	202	29	a	a	DET
fsr-3917	202	30	holding	hold	VERB
fsr-3917	202	31	period	period	NOUN
fsr-3917	202	32	of	of	ADP
fsr-3917	202	33	up	up	ADP
fsr-3917	202	34	to	to	PART
fsr-3917	202	35	three	three	NUM
fsr-3917	202	36	years	year	NOUN
fsr-3917	202	37	.	.	PUNCT
fsr-3917	203	1	in	in	ADP
fsr-3917	203	2	both	both	DET
fsr-3917	203	3	tables	table	NOUN
fsr-3917	203	4	2	2	NUM
fsr-3917	203	5	and	and	CCONJ
fsr-3917	203	6	3	3	NUM
fsr-3917	203	7	,	,	PUNCT
fsr-3917	203	8	there	there	PRON
fsr-3917	203	9	is	be	VERB
fsr-3917	203	10	some	some	DET
fsr-3917	203	11	evidence	evidence	NOUN
fsr-3917	203	12	that	that	PRON
fsr-3917	203	13	tends	tend	VERB
fsr-3917	203	14	to	to	PART
fsr-3917	203	15	support	support	VERB
fsr-3917	203	16	this	this	DET
fsr-3917	203	17	observation	observation	NOUN
fsr-3917	203	18	.	.	PUNCT
fsr-3917	204	1	for	for	ADP
fsr-3917	204	2	example	example	NOUN
fsr-3917	204	3	,	,	PUNCT
fsr-3917	204	4	moving	move	VERB
fsr-3917	204	5	down	down	ADP
fsr-3917	204	6	the	the	DET
fsr-3917	204	7	first	first	ADJ
fsr-3917	204	8	column	column	NOUN
fsr-3917	204	9	of	of	ADP
fsr-3917	204	10	the	the	DET
fsr-3917	204	11	geometric	geometric	ADJ
fsr-3917	204	12	means	mean	NOUN
fsr-3917	204	13	in	in	ADP
fsr-3917	204	14	table	table	NOUN
fsr-3917	204	15	2	2	NUM
fsr-3917	204	16	,	,	PUNCT
fsr-3917	204	17	we	we	PRON
fsr-3917	204	18	find	find	VERB
fsr-3917	204	19	that	that	SCONJ
fsr-3917	204	20	during	during	ADP
fsr-3917	204	21	the	the	DET
fsr-3917	204	22	one	one	NUM
fsr-3917	204	23	-	-	PUNCT
fsr-3917	204	24	year	year	NOUN
fsr-3917	204	25	holding	holding	NOUN
fsr-3917	204	26	period	period	NOUN
fsr-3917	204	27	the	the	DET
fsr-3917	204	28	egp	egp	PROPN
fsr-3917	204	29	portfolios	portfolio	NOUN
fsr-3917	204	30	outperform	outperform	VERB
fsr-3917	204	31	the	the	DET
fsr-3917	204	32	s&p	s&p	PROPN
fsr-3917	204	33	500	500	NUM
fsr-3917	204	34	in	in	ADP
fsr-3917	204	35	four	four	NUM
fsr-3917	204	36	of	of	ADP
fsr-3917	204	37	the	the	DET
fsr-3917	204	38	five	five	NUM
fsr-3917	204	39	instances	instance	NOUN
fsr-3917	204	40	(	(	PUNCT
fsr-3917	204	41	i.e.	i.e.	X
fsr-3917	204	42	,	,	PUNCT
fsr-3917	204	43	-0.0039	-0.0039	NOUN
fsr-3917	204	44	vs.	vs.	ADP
fsr-3917	204	45	-0.1072	-0.1072	NOUN
fsr-3917	204	46	;	;	PUNCT
fsr-3917	204	47	0.5740	0.5740	NUM
fsr-3917	204	48	vs.	vs.	ADP
fsr-3917	204	49	0.2411	0.2411	NUM
fsr-3917	204	50	;	;	PUNCT
fsr-3917	204	51	0.1023	0.1023	NUM
fsr-3917	204	52	vs.	vs.	ADP
fsr-3917	204	53	0.0690	0.0690	NUM
fsr-3917	204	54	;	;	PUNCT
fsr-3917	204	55	and	and	CCONJ
fsr-3917	204	56	0.0940	0.0940	NUM
fsr-3917	204	57	vs.	vs.	X
fsr-3917	204	58	-0.0174	-0.0174	NOUN
fsr-3917	204	59	)	)	PUNCT
fsr-3917	204	60	.	.	PUNCT
fsr-3917	205	1	the	the	DET
fsr-3917	205	2	same	same	ADJ
fsr-3917	205	3	pattern	pattern	NOUN
fsr-3917	205	4	exists	exist	VERB
fsr-3917	205	5	when	when	SCONJ
fsr-3917	205	6	moving	move	VERB
fsr-3917	205	7	down	down	ADP
fsr-3917	205	8	the	the	DET
fsr-3917	205	9	second	second	ADJ
fsr-3917	205	10	column	column	NOUN
fsr-3917	205	11	of	of	ADP
fsr-3917	205	12	the	the	DET
fsr-3917	205	13	geometric	geometric	ADJ
fsr-3917	205	14	means	mean	NOUN
fsr-3917	205	15	.	.	PUNCT
fsr-3917	206	1	when	when	SCONJ
fsr-3917	206	2	moving	move	VERB
fsr-3917	206	3	down	down	ADP
fsr-3917	206	4	the	the	DET
fsr-3917	206	5	third	third	ADJ
fsr-3917	206	6	column	column	NOUN
fsr-3917	206	7	,	,	PUNCT
fsr-3917	206	8	we	we	PRON
fsr-3917	206	9	find	find	VERB
fsr-3917	206	10	that	that	SCONJ
fsr-3917	206	11	the	the	DET
fsr-3917	206	12	geometric	geometric	ADJ
fsr-3917	206	13	means	mean	NOUN
fsr-3917	206	14	exceed	exceed	VERB
fsr-3917	206	15	those	those	PRON
fsr-3917	206	16	for	for	ADP
fsr-3917	206	17	the	the	DET
fsr-3917	206	18	s&p	s&p	PROPN
fsr-3917	206	19	500	500	NUM
fsr-3917	206	20	in	in	ADP
fsr-3917	206	21	three	three	NUM
fsr-3917	206	22	of	of	ADP
fsr-3917	206	23	the	the	DET
fsr-3917	206	24	five	five	NUM
fsr-3917	206	25	cases	case	NOUN
fsr-3917	206	26	.	.	PUNCT
fsr-3917	207	1	taken	take	VERB
fsr-3917	207	2	together	together	ADV
fsr-3917	207	3	,	,	PUNCT
fsr-3917	207	4	the	the	DET
fsr-3917	207	5	egp	egp	PROPN
fsr-3917	207	6	portfolios	portfolio	NOUN
fsr-3917	207	7	outperform	outperform	VERB
fsr-3917	207	8	the	the	DET
fsr-3917	207	9	s&p	s&p	PROPN
fsr-3917	207	10	500	500	NUM
fsr-3917	207	11	in	in	ADP
fsr-3917	207	12	11	11	NUM
fsr-3917	207	13	of	of	ADP
fsr-3917	207	14	the	the	DET
fsr-3917	207	15	15	15	NUM
fsr-3917	207	16	cases	case	NOUN
fsr-3917	207	17	.	.	PUNCT
fsr-3917	208	1	applying	apply	VERB
fsr-3917	208	2	the	the	DET
fsr-3917	208	3	wilcoxon	wilcoxon	ADJ
fsr-3917	208	4	test	test	NOUN
fsr-3917	208	5	to	to	ADP
fsr-3917	208	6	these	these	DET
fsr-3917	208	7	results	result	NOUN
fsr-3917	208	8	,	,	PUNCT
fsr-3917	208	9	however	however	ADV
fsr-3917	208	10	,	,	PUNCT
fsr-3917	208	11	reveals	reveal	VERB
fsr-3917	208	12	a	a	DET
fsr-3917	208	13	probability	probability	NOUN
fsr-3917	208	14	value	value	NOUN
fsr-3917	208	15	of	of	ADP
fsr-3917	208	16	only	only	ADV
fsr-3917	208	17	about	about	ADV
fsr-3917	208	18	0.11	0.11	NUM
fsr-3917	208	19	,	,	PUNCT
fsr-3917	208	20	which	which	PRON
fsr-3917	208	21	is	be	AUX
fsr-3917	208	22	not	not	PART
fsr-3917	208	23	significant	significant	ADJ
fsr-3917	208	24	at	at	ADP
fsr-3917	208	25	the	the	DET
fsr-3917	208	26	5	5	NUM
fsr-3917	208	27	%	%	NOUN
fsr-3917	208	28	level	level	NOUN
fsr-3917	208	29	.	.	PUNCT
fsr-3917	209	1	this	this	DET
fsr-3917	209	2	insignificance	insignificance	NOUN
fsr-3917	209	3	is	be	AUX
fsr-3917	209	4	traced	trace	VERB
fsr-3917	209	5	to	to	ADP
fsr-3917	209	6	the	the	DET
fsr-3917	209	7	subpar	subpar	ADJ
fsr-3917	209	8	performances	performance	NOUN
fsr-3917	209	9	of	of	ADP
fsr-3917	209	10	the	the	DET
fsr-3917	209	11	1991	1991	NUM
fsr-3917	209	12	portfolio	portfolio	NOUN
fsr-3917	209	13	.	.	PUNCT
fsr-3917	210	1	a	a	DET
fsr-3917	210	2	similar	similar	ADJ
fsr-3917	210	3	conclusion	conclusion	NOUN
fsr-3917	210	4	is	be	AUX
fsr-3917	210	5	drawn	draw	VERB
fsr-3917	210	6	from	from	ADP
fsr-3917	210	7	the	the	DET
fsr-3917	210	8	wilcoxon	wilcoxon	ADJ
fsr-3917	210	9	test	test	NOUN
fsr-3917	210	10	for	for	ADP
fsr-3917	210	11	the	the	DET
fsr-3917	210	12	one	one	NUM
fsr-3917	210	13	-	-	PUNCT
fsr-3917	210	14	year	year	NOUN
fsr-3917	210	15	and	and	CCONJ
fsr-3917	210	16	two	two	NUM
fsr-3917	210	17	-	-	PUNCT
fsr-3917	210	18	year	year	NOUN
fsr-3917	210	19	holding	hold	VERB
fsr-3917	210	20	periods	period	NOUN
fsr-3917	210	21	.	.	PUNCT
fsr-3917	211	1	overall	overall	ADV
fsr-3917	211	2	,	,	PUNCT
fsr-3917	211	3	the	the	DET
fsr-3917	211	4	results	result	NOUN
fsr-3917	211	5	suggest	suggest	VERB
fsr-3917	211	6	that	that	SCONJ
fsr-3917	211	7	selecting	select	VERB
fsr-3917	211	8	stocks	stock	NOUN
fsr-3917	211	9	from	from	ADP
fsr-3917	211	10	the	the	DET
fsr-3917	211	11	top	top	ADJ
fsr-3917	211	12	holdings	holding	NOUN
fsr-3917	211	13	of	of	ADP
fsr-3917	211	14	morningstar	morningstar	PROPN
fsr-3917	211	15	’s	’s	PART
fsr-3917	211	16	ten	ten	NUM
fsr-3917	211	17	-	-	PUNCT
fsr-3917	211	18	year	year	NOUN
fsr-3917	211	19	,	,	PUNCT
fsr-3917	211	20	five	five	NUM
fsr-3917	211	21	-	-	PUNCT
fsr-3917	211	22	star	star	NOUN
fsr-3917	211	23	funds	fund	NOUN
fsr-3917	211	24	has	have	VERB
fsr-3917	211	25	some	some	DET
fsr-3917	211	26	potential	potential	NOUN
fsr-3917	211	27	to	to	PART
fsr-3917	211	28	help	help	VERB
fsr-3917	211	29	the	the	DET
fsr-3917	211	30	individual	individual	ADJ
fsr-3917	211	31	investor	investor	NOUN
fsr-3917	211	32	outperform	outperform	VERB
fsr-3917	211	33	the	the	DET
fsr-3917	211	34	s&p	s&p	PROPN
fsr-3917	211	35	500	500	NUM
fsr-3917	211	36	.	.	PUNCT
fsr-3917	212	1	we	we	PRON
fsr-3917	212	2	conclude	conclude	VERB
fsr-3917	212	3	,	,	PUNCT
fsr-3917	212	4	however	however	ADV
fsr-3917	212	5	,	,	PUNCT
fsr-3917	212	6	that	that	SCONJ
fsr-3917	212	7	the	the	DET
fsr-3917	212	8	evidence	evidence	NOUN
fsr-3917	212	9	is	be	AUX
fsr-3917	212	10	not	not	PART
fsr-3917	212	11	strong	strong	ADJ
fsr-3917	212	12	enough	enough	ADV
fsr-3917	212	13	for	for	SCONJ
fsr-3917	212	14	us	we	PRON
fsr-3917	212	15	to	to	PART
fsr-3917	212	16	reject	reject	VERB
fsr-3917	212	17	the	the	DET
fsr-3917	212	18	null	null	ADJ
fsr-3917	212	19	hypothesis	hypothesis	NOUN
fsr-3917	212	20	;	;	PUNCT
fsr-3917	212	21	namely	namely	ADV
fsr-3917	212	22	,	,	PUNCT
fsr-3917	212	23	that	that	SCONJ
fsr-3917	212	24	the	the	DET
fsr-3917	212	25	portfolios	portfolio	NOUN
fsr-3917	212	26	will	will	AUX
fsr-3917	212	27	not	not	PART
fsr-3917	212	28	outperform	outperform	VERB
fsr-3917	212	29	the	the	DET
fsr-3917	212	30	s&p	s&p	PROPN
fsr-3917	212	31	500	500	NUM
fsr-3917	212	32	.	.	PUNCT
fsr-3917	213	1	at	at	ADV
fsr-3917	213	2	least	least	ADV
fsr-3917	213	3	two	two	NUM
fsr-3917	213	4	reasons	reason	NOUN
fsr-3917	213	5	support	support	VERB
fsr-3917	213	6	this	this	DET
fsr-3917	213	7	conclusion	conclusion	NOUN
fsr-3917	213	8	.	.	PUNCT
fsr-3917	214	1	first	first	ADV
fsr-3917	214	2	,	,	PUNCT
fsr-3917	214	3	according	accord	VERB
fsr-3917	214	4	to	to	ADP
fsr-3917	214	5	the	the	DET
fsr-3917	214	6	wilcoxon	wilcoxon	ADJ
fsr-3917	214	7	tests	test	NOUN
fsr-3917	214	8	,	,	PUNCT
fsr-3917	214	9	only	only	ADV
fsr-3917	214	10	two	two	NUM
fsr-3917	214	11	of	of	ADP
fsr-3917	214	12	the	the	DET
fsr-3917	214	13	five	five	NUM
fsr-3917	214	14	portfolios	portfolio	NOUN
fsr-3917	214	15	clearly	clearly	ADV
fsr-3917	214	16	beat	beat	VERB
fsr-3917	214	17	the	the	DET
fsr-3917	214	18	s&p	s&p	PROPN
fsr-3917	214	19	500	500	NUM
fsr-3917	214	20	.	.	PUNCT
fsr-3917	215	1	moreover	moreover	ADV
fsr-3917	215	2	,	,	PUNCT
fsr-3917	215	3	although	although	SCONJ
fsr-3917	215	4	the	the	DET
fsr-3917	215	5	egp	egp	PROPN
fsr-3917	215	6	portfolios	portfolio	NOUN
fsr-3917	215	7	outperform	outperform	VERB
fsr-3917	215	8	the	the	DET
fsr-3917	215	9	s&p	s&p	PROPN
fsr-3917	215	10	500	500	NUM
fsr-3917	215	11	in	in	ADP
fsr-3917	215	12	17	17	NUM
fsr-3917	215	13	of	of	ADP
fsr-3917	215	14	the	the	DET
fsr-3917	215	15	25	25	NUM
fsr-3917	215	16	pairwise	pairwise	NOUN
fsr-3917	215	17	comparisons	comparison	NOUN
fsr-3917	215	18	,	,	PUNCT
fsr-3917	215	19	the	the	DET
fsr-3917	215	20	overall	overall	ADJ
fsr-3917	215	21	evidence	evidence	NOUN
fsr-3917	215	22	is	be	AUX
fsr-3917	215	23	probably	probably	ADV
fsr-3917	215	24	not	not	PART
fsr-3917	215	25	convincing	convince	VERB
fsr-3917	215	26	enough	enough	ADV
fsr-3917	215	27	to	to	PART
fsr-3917	215	28	motivate	motivate	VERB
fsr-3917	215	29	the	the	DET
fsr-3917	215	30	individual	individual	ADJ
fsr-3917	215	31	investor	investor	NOUN
fsr-3917	215	32	who	who	PRON
fsr-3917	215	33	buys	buy	VERB
fsr-3917	215	34	into	into	ADP
fsr-3917	215	35	index	index	NOUN
fsr-3917	215	36	funds	fund	NOUN
fsr-3917	215	37	to	to	PART
fsr-3917	215	38	adopt	adopt	VERB
fsr-3917	215	39	the	the	DET
fsr-3917	215	40	stock	stock	NOUN
fsr-3917	215	41	selection	selection	NOUN
fsr-3917	215	42	strategy	strategy	NOUN
fsr-3917	215	43	tested	test	VERB
fsr-3917	215	44	here	here	ADV
fsr-3917	215	45	.	.	PUNCT
fsr-3917	216	1	this	this	DET
fsr-3917	216	2	point	point	NOUN
fsr-3917	216	3	is	be	AUX
fsr-3917	216	4	reinforced	reinforce	VERB
fsr-3917	216	5	by	by	ADP
fsr-3917	216	6	the	the	DET
fsr-3917	216	7	composition	composition	NOUN
fsr-3917	216	8	of	of	ADP
fsr-3917	216	9	the	the	DET
fsr-3917	216	10	ten	ten	NUM
fsr-3917	216	11	-	-	PUNCT
fsr-3917	216	12	year	year	NOUN
fsr-3917	216	13	,	,	PUNCT
fsr-3917	216	14	five	five	NUM
fsr-3917	216	15	-	-	PUNCT
fsr-3917	216	16	star	star	NOUN
fsr-3917	216	17	funds	fund	NOUN
fsr-3917	216	18	,	,	PUNCT
fsr-3917	216	19	which	which	PRON
fsr-3917	216	20	is	be	AUX
fsr-3917	216	21	the	the	DET
fsr-3917	216	22	second	second	ADJ
fsr-3917	216	23	reason	reason	NOUN
fsr-3917	216	24	supporting	support	VERB
fsr-3917	216	25	our	our	PRON
fsr-3917	216	26	conclusion	conclusion	NOUN
fsr-3917	216	27	.	.	PUNCT
fsr-3917	217	1	these	these	DET
fsr-3917	217	2	funds	fund	NOUN
fsr-3917	217	3	are	be	AUX
fsr-3917	217	4	generally	generally	ADV
fsr-3917	217	5	large	large	ADJ
fsr-3917	217	6	-	-	PUNCT
fsr-3917	217	7	cap	cap	NOUN
fsr-3917	217	8	funds	fund	NOUN
fsr-3917	217	9	(	(	PUNCT
fsr-3917	217	10	e.g.	e.g.	ADV
fsr-3917	217	11	,	,	PUNCT
fsr-3917	217	12	fidelity	fidelity	PROPN
fsr-3917	217	13	magellan	magellan	PROPN
fsr-3917	217	14	)	)	PUNCT
fsr-3917	217	15	whose	whose	DET
fsr-3917	217	16	top	top	ADJ
fsr-3917	217	17	holdings	holding	NOUN
fsr-3917	217	18	are	be	AUX
fsr-3917	217	19	large	large	ADJ
fsr-3917	217	20	-	-	PUNCT
fsr-3917	217	21	cap	cap	NOUN
fsr-3917	217	22	stocks	stock	NOUN
fsr-3917	217	23	,	,	PUNCT
fsr-3917	217	24	such	such	ADJ
fsr-3917	217	25	as	as	ADP
fsr-3917	217	26	coca	coca	PROPN
fsr-3917	217	27	cola	cola	PROPN
fsr-3917	217	28	,	,	PUNCT
fsr-3917	217	29	intel	intel	PROPN
fsr-3917	217	30	,	,	PUNCT
fsr-3917	217	31	merck	merck	PROPN
fsr-3917	217	32	,	,	PUNCT
fsr-3917	217	33	and	and	CCONJ
fsr-3917	217	34	philip	philip	PROPN
fsr-3917	217	35	morris	morris	PROPN
fsr-3917	217	36	.	.	PUNCT
fsr-3917	218	1	these	these	DET
fsr-3917	218	2	stocks	stock	NOUN
fsr-3917	218	3	are	be	AUX
fsr-3917	218	4	the	the	DET
fsr-3917	218	5	largest	large	ADJ
fsr-3917	218	6	contributors	contributor	NOUN
fsr-3917	218	7	to	to	ADP
fsr-3917	218	8	a	a	DET
fsr-3917	218	9	broad	broad	ADJ
fsr-3917	218	10	market	market	NOUN
fsr-3917	218	11	index	index	NOUN
fsr-3917	218	12	like	like	ADP
fsr-3917	218	13	the	the	DET
fsr-3917	218	14	s&p	s&p	PROPN
fsr-3917	218	15	500	500	NUM
fsr-3917	218	16	.	.	PUNCT
fsr-3917	219	1	consequently	consequently	ADV
fsr-3917	219	2	,	,	PUNCT
fsr-3917	219	3	the	the	DET
fsr-3917	219	4	selection	selection	NOUN
fsr-3917	219	5	of	of	ADP
fsr-3917	219	6	the	the	DET
fsr-3917	219	7	top	top	ADJ
fsr-3917	219	8	155a.l	155a.l	NUM
fsr-3917	219	9	.	.	PUNCT
fsr-3917	220	1	loviscek	loviscek	NOUN
fsr-3917	220	2	,	,	PUNCT
fsr-3917	220	3	w.j	w.j	PROPN
fsr-3917	220	4	.	.	PROPN
fsr-3917	220	5	jordan	jordan	PROPN
fsr-3917	220	6	/	/	SYM
fsr-3917	220	7	financial	financial	ADJ
fsr-3917	220	8	services	service	NOUN
fsr-3917	220	9	review	review	VERB
fsr-3917	220	10	9	9	NUM
fsr-3917	220	11	(	(	PUNCT
fsr-3917	220	12	2000	2000	NUM
fsr-3917	220	13	)	)	PUNCT
fsr-3917	221	1	145–157	145–157	NUM
fsr-3917	221	2	holdings	holding	NOUN
fsr-3917	221	3	in	in	ADP
fsr-3917	221	4	these	these	DET
fsr-3917	221	5	highest	high	ADJ
fsr-3917	221	6	rated	rate	VERB
fsr-3917	221	7	funds	fund	NOUN
fsr-3917	221	8	may	may	AUX
fsr-3917	221	9	not	not	PART
fsr-3917	221	10	often	often	ADV
fsr-3917	221	11	perform	perform	VERB
fsr-3917	221	12	much	much	ADV
fsr-3917	221	13	better	well	ADJ
fsr-3917	221	14	than	than	ADP
fsr-3917	221	15	a	a	DET
fsr-3917	221	16	broad	broad	ADJ
fsr-3917	221	17	market	market	NOUN
fsr-3917	221	18	index	index	NOUN
fsr-3917	221	19	.	.	PUNCT
fsr-3917	222	1	this	this	DET
fsr-3917	222	2	point	point	NOUN
fsr-3917	222	3	is	be	AUX
fsr-3917	222	4	buttressed	buttress	VERB
fsr-3917	222	5	by	by	ADP
fsr-3917	222	6	bogle	bogle	PROPN
fsr-3917	222	7	(	(	PUNCT
fsr-3917	222	8	1998	1998	NUM
fsr-3917	222	9	)	)	PUNCT
fsr-3917	222	10	,	,	PUNCT
fsr-3917	222	11	who	who	PRON
fsr-3917	222	12	finds	find	VERB
fsr-3917	222	13	that	that	SCONJ
fsr-3917	222	14	index	index	NOUN
fsr-3917	222	15	funds	fund	NOUN
fsr-3917	222	16	,	,	PUNCT
fsr-3917	222	17	for	for	ADP
fsr-3917	222	18	the	the	DET
fsr-3917	222	19	period	period	NOUN
fsr-3917	222	20	of	of	ADP
fsr-3917	222	21	1992	1992	NUM
fsr-3917	222	22	through	through	ADP
fsr-3917	222	23	1996	1996	NUM
fsr-3917	222	24	,	,	PUNCT
fsr-3917	222	25	have	have	AUX
fsr-3917	222	26	generally	generally	ADV
fsr-3917	222	27	delivered	deliver	VERB
fsr-3917	222	28	the	the	DET
fsr-3917	222	29	highest	high	ADJ
fsr-3917	222	30	risk	risk	NOUN
fsr-3917	222	31	-	-	PUNCT
fsr-3917	222	32	adjusted	adjust	VERB
fsr-3917	222	33	returns	return	NOUN
fsr-3917	222	34	among	among	ADP
fsr-3917	222	35	morningstar	morningstar	PROPN
fsr-3917	222	36	’s	’s	PART
fsr-3917	222	37	equity	equity	PROPN
fsr-3917	222	38	fund	fund	NOUN
fsr-3917	222	39	categories	category	NOUN
fsr-3917	222	40	.	.	PUNCT
fsr-3917	223	1	5	5	X
fsr-3917	223	2	.	.	X
fsr-3917	223	3	conclusion	conclusion	NOUN
fsr-3917	223	4	recent	recent	ADJ
fsr-3917	223	5	research	research	NOUN
fsr-3917	223	6	suggests	suggest	VERB
fsr-3917	223	7	that	that	SCONJ
fsr-3917	223	8	the	the	DET
fsr-3917	223	9	individual	individual	ADJ
fsr-3917	223	10	investor	investor	NOUN
fsr-3917	223	11	can	can	AUX
fsr-3917	223	12	construct	construct	VERB
fsr-3917	223	13	stock	stock	NOUN
fsr-3917	223	14	portfolios	portfolio	NOUN
fsr-3917	223	15	that	that	PRON
fsr-3917	223	16	outperform	outperform	VERB
fsr-3917	223	17	broad	broad	ADJ
fsr-3917	223	18	market	market	NOUN
fsr-3917	223	19	indices	index	NOUN
fsr-3917	223	20	.	.	PUNCT
fsr-3917	224	1	based	base	VERB
fsr-3917	224	2	on	on	ADP
fsr-3917	224	3	this	this	DET
fsr-3917	224	4	research	research	NOUN
fsr-3917	224	5	and	and	CCONJ
fsr-3917	224	6	on	on	ADP
fsr-3917	224	7	the	the	DET
fsr-3917	224	8	evidence	evidence	NOUN
fsr-3917	224	9	that	that	PRON
fsr-3917	224	10	supports	support	VERB
fsr-3917	224	11	the	the	DET
fsr-3917	224	12	persistence	persistence	NOUN
fsr-3917	224	13	of	of	ADP
fsr-3917	224	14	mutual	mutual	ADJ
fsr-3917	224	15	fund	fund	NOUN
fsr-3917	224	16	performance	performance	NOUN
fsr-3917	224	17	,	,	PUNCT
fsr-3917	224	18	we	we	PRON
fsr-3917	224	19	test	test	VERB
fsr-3917	224	20	whether	whether	SCONJ
fsr-3917	224	21	or	or	CCONJ
fsr-3917	224	22	not	not	PART
fsr-3917	224	23	the	the	DET
fsr-3917	224	24	individual	individual	ADJ
fsr-3917	224	25	investor	investor	NOUN
fsr-3917	224	26	can	can	AUX
fsr-3917	224	27	build	build	VERB
fsr-3917	224	28	market	market	NOUN
fsr-3917	224	29	-	-	PUNCT
fsr-3917	224	30	superior	superior	ADJ
fsr-3917	224	31	portfolios	portfolio	NOUN
fsr-3917	224	32	from	from	ADP
fsr-3917	224	33	stocks	stock	NOUN
fsr-3917	224	34	selected	select	VERB
fsr-3917	224	35	from	from	ADP
fsr-3917	224	36	the	the	DET
fsr-3917	224	37	top	top	ADJ
fsr-3917	224	38	holdings	holding	NOUN
fsr-3917	224	39	of	of	ADP
fsr-3917	224	40	morningstar	morningstar	PROPN
fsr-3917	224	41	’s	’s	PART
fsr-3917	224	42	ten	ten	NUM
fsr-3917	224	43	-	-	PUNCT
fsr-3917	224	44	year	year	NOUN
fsr-3917	224	45	,	,	PUNCT
fsr-3917	224	46	five	five	NUM
fsr-3917	224	47	-	-	PUNCT
fsr-3917	224	48	star	star	NOUN
fsr-3917	224	49	general	general	PROPN
fsr-3917	224	50	equity	equity	PROPN
fsr-3917	224	51	mutual	mutual	ADJ
fsr-3917	224	52	funds	fund	NOUN
fsr-3917	224	53	.	.	PUNCT
fsr-3917	225	1	we	we	PRON
fsr-3917	225	2	use	use	VERB
fsr-3917	225	3	the	the	DET
fsr-3917	225	4	elton	elton	PROPN
fsr-3917	225	5	-	-	PUNCT
fsr-3917	225	6	gruber	gruber	PROPN
fsr-3917	225	7	-	-	PUNCT
fsr-3917	225	8	padberg	padberg	NOUN
fsr-3917	225	9	approach	approach	NOUN
fsr-3917	225	10	,	,	PUNCT
fsr-3917	225	11	which	which	PRON
fsr-3917	225	12	is	be	AUX
fsr-3917	225	13	founded	found	VERB
fsr-3917	225	14	on	on	ADP
fsr-3917	225	15	modern	modern	ADJ
fsr-3917	225	16	portfolio	portfolio	NOUN
fsr-3917	225	17	theory	theory	NOUN
fsr-3917	225	18	,	,	PUNCT
fsr-3917	225	19	to	to	PART
fsr-3917	225	20	construct	construct	VERB
fsr-3917	225	21	the	the	DET
fsr-3917	225	22	portfolios	portfolio	NOUN
fsr-3917	225	23	for	for	ADP
fsr-3917	225	24	the	the	DET
fsr-3917	225	25	years	year	NOUN
fsr-3917	225	26	1989	1989	NUM
fsr-3917	225	27	through	through	ADP
fsr-3917	225	28	1993	1993	NUM
fsr-3917	225	29	.	.	PUNCT
fsr-3917	226	1	we	we	PRON
fsr-3917	226	2	test	test	VERB
fsr-3917	226	3	the	the	DET
fsr-3917	226	4	performance	performance	NOUN
fsr-3917	226	5	of	of	ADP
fsr-3917	226	6	the	the	DET
fsr-3917	226	7	portfolios	portfolio	NOUN
fsr-3917	226	8	against	against	ADP
fsr-3917	226	9	that	that	PRON
fsr-3917	226	10	of	of	ADP
fsr-3917	226	11	the	the	DET
fsr-3917	226	12	s&p	s&p	PROPN
fsr-3917	226	13	500	500	NUM
fsr-3917	226	14	by	by	ADP
fsr-3917	226	15	using	use	VERB
fsr-3917	226	16	a	a	DET
fsr-3917	226	17	series	series	NOUN
fsr-3917	226	18	of	of	ADP
fsr-3917	226	19	one	one	NUM
fsr-3917	226	20	-	-	PUNCT
fsr-3917	226	21	year	year	NOUN
fsr-3917	226	22	to	to	ADP
fsr-3917	226	23	five	five	NUM
fsr-3917	226	24	-	-	PUNCT
fsr-3917	226	25	year	year	NOUN
fsr-3917	226	26	buy	buy	NOUN
fsr-3917	226	27	-	-	PUNCT
fsr-3917	226	28	and	and	CCONJ
fsr-3917	226	29	-	-	PUNCT
fsr-3917	226	30	hold	hold	VERB
fsr-3917	226	31	strategies	strategy	NOUN
fsr-3917	226	32	from	from	ADP
fsr-3917	226	33	1990	1990	NUM
fsr-3917	226	34	through	through	ADP
fsr-3917	226	35	1998	1998	NUM
fsr-3917	226	36	.	.	PUNCT
fsr-3917	227	1	we	we	PRON
fsr-3917	227	2	find	find	VERB
fsr-3917	227	3	some	some	DET
fsr-3917	227	4	evidence	evidence	NOUN
fsr-3917	227	5	that	that	SCONJ
fsr-3917	227	6	the	the	DET
fsr-3917	227	7	portfolios	portfolio	NOUN
fsr-3917	227	8	tend	tend	VERB
fsr-3917	227	9	to	to	PART
fsr-3917	227	10	outperform	outperform	VERB
fsr-3917	227	11	the	the	DET
fsr-3917	227	12	s&p	s&p	PROPN
fsr-3917	227	13	500	500	NUM
fsr-3917	227	14	.	.	PUNCT
fsr-3917	228	1	we	we	PRON
fsr-3917	228	2	conclude	conclude	VERB
fsr-3917	228	3	,	,	PUNCT
fsr-3917	228	4	however	however	ADV
fsr-3917	228	5	,	,	PUNCT
fsr-3917	228	6	that	that	SCONJ
fsr-3917	228	7	the	the	DET
fsr-3917	228	8	evidence	evidence	NOUN
fsr-3917	228	9	is	be	AUX
fsr-3917	228	10	not	not	PART
fsr-3917	228	11	strong	strong	ADJ
fsr-3917	228	12	enough	enough	ADV
fsr-3917	228	13	to	to	PART
fsr-3917	228	14	recommend	recommend	VERB
fsr-3917	228	15	the	the	DET
fsr-3917	228	16	stock	stock	NOUN
fsr-3917	228	17	selection	selection	NOUN
fsr-3917	228	18	strategy	strategy	NOUN
fsr-3917	228	19	to	to	ADP
fsr-3917	228	20	the	the	DET
fsr-3917	228	21	individual	individual	ADJ
fsr-3917	228	22	investor	investor	NOUN
fsr-3917	228	23	.	.	PUNCT
fsr-3917	229	1	acknowledgments	acknowledgment	NOUN
fsr-3917	229	2	the	the	DET
fsr-3917	229	3	authors	author	NOUN
fsr-3917	229	4	are	be	AUX
fsr-3917	229	5	grateful	grateful	ADJ
fsr-3917	229	6	to	to	ADP
fsr-3917	229	7	two	two	NUM
fsr-3917	229	8	anonymous	anonymous	ADJ
fsr-3917	229	9	referees	referee	NOUN
fsr-3917	229	10	,	,	PUNCT
fsr-3917	229	11	richard	richard	PROPN
fsr-3917	229	12	covington	covington	PROPN
fsr-3917	229	13	,	,	PUNCT
fsr-3917	229	14	frederick	frederick	PROPN
fsr-3917	229	15	crowley	crowley	PROPN
fsr-3917	229	16	,	,	PUNCT
fsr-3917	229	17	participants	participant	NOUN
fsr-3917	229	18	at	at	ADP
fsr-3917	229	19	a	a	DET
fsr-3917	229	20	research	research	NOUN
fsr-3917	229	21	seminar	seminar	NOUN
fsr-3917	229	22	at	at	ADP
fsr-3917	229	23	seton	seton	PROPN
fsr-3917	229	24	hall	hall	PROPN
fsr-3917	229	25	university	university	PROPN
fsr-3917	229	26	,	,	PUNCT
fsr-3917	229	27	and	and	CCONJ
fsr-3917	229	28	especially	especially	ADV
fsr-3917	229	29	the	the	DET
fsr-3917	229	30	editor	editor	NOUN
fsr-3917	229	31	,	,	PUNCT
fsr-3917	229	32	karen	karen	PROPN
fsr-3917	229	33	eilers	eilers	PROPN
fsr-3917	229	34	lahey	lahey	PROPN
fsr-3917	229	35	,	,	PUNCT
fsr-3917	229	36	for	for	ADP
fsr-3917	229	37	criticisms	criticism	NOUN
fsr-3917	229	38	and	and	CCONJ
fsr-3917	229	39	suggestions	suggestion	NOUN
fsr-3917	229	40	on	on	ADP
fsr-3917	229	41	earlier	early	ADJ
fsr-3917	229	42	stages	stage	NOUN
fsr-3917	229	43	of	of	ADP
fsr-3917	229	44	this	this	DET
fsr-3917	229	45	research	research	NOUN
fsr-3917	229	46	.	.	PUNCT
fsr-3917	230	1	references	reference	NOUN
fsr-3917	230	2	badrinath	badrinath	PROPN
fsr-3917	230	3	,	,	PUNCT
fsr-3917	230	4	s.	s.	PROPN
fsr-3917	230	5	g.	g.	PROPN
fsr-3917	230	6	,	,	PUNCT
fsr-3917	230	7	&	&	CCONJ
fsr-3917	230	8	kini	kini	PROPN
fsr-3917	230	9	,	,	PUNCT
fsr-3917	230	10	o.	o.	PROPN
fsr-3917	230	11	(	(	PUNCT
fsr-3917	230	12	1992	1992	NUM
fsr-3917	230	13	)	)	PUNCT
fsr-3917	230	14	.	.	PUNCT
fsr-3917	231	1	portfolio	portfolio	NOUN
fsr-3917	231	2	management	management	NOUN
fsr-3917	231	3	using	use	VERB
fsr-3917	231	4	a	a	DET
fsr-3917	231	5	factor	factor	NOUN
fsr-3917	231	6	-	-	PUNCT
fsr-3917	231	7	analytic	analytic	ADJ
fsr-3917	231	8	stock	stock	NOUN
fsr-3917	231	9	selection	selection	NOUN
fsr-3917	231	10	strategy	strategy	NOUN
fsr-3917	231	11	.	.	PUNCT
fsr-3917	232	1	managerial	managerial	ADJ
fsr-3917	232	2	and	and	CCONJ
fsr-3917	232	3	decision	decision	NOUN
fsr-3917	232	4	economics	economic	NOUN
fsr-3917	232	5	,	,	PUNCT
fsr-3917	232	6	13,305–314	13,305–314	NOUN
fsr-3917	232	7	.	.	PUNCT
fsr-3917	233	1	barbee	barbee	PROPN
fsr-3917	233	2	,	,	PUNCT
fsr-3917	233	3	w.	w.	PROPN
fsr-3917	233	4	c.	c.	PROPN
fsr-3917	233	5	jr	jr	PROPN
fsr-3917	233	6	.	.	PROPN
fsr-3917	233	7	,	,	PUNCT
fsr-3917	233	8	mukherji	mukherji	PROPN
fsr-3917	233	9	,	,	PUNCT
fsr-3917	233	10	s.	s.	PROPN
fsr-3917	233	11	,	,	PUNCT
fsr-3917	233	12	&	&	CCONJ
fsr-3917	233	13	raines	raines	PROPN
fsr-3917	233	14	,	,	PUNCT
fsr-3917	233	15	g.	g.	PROPN
fsr-3917	233	16	a.	a.	PROPN
fsr-3917	233	17	(	(	PUNCT
fsr-3917	233	18	1996	1996	NUM
fsr-3917	233	19	)	)	PUNCT
fsr-3917	233	20	.	.	PUNCT
fsr-3917	234	1	do	do	AUX
fsr-3917	234	2	sales	sale	NOUN
fsr-3917	234	3	-	-	PUNCT
fsr-3917	234	4	price	price	NOUN
fsr-3917	234	5	and	and	CCONJ
fsr-3917	234	6	debt	debt	NOUN
fsr-3917	234	7	-	-	PUNCT
fsr-3917	234	8	equity	equity	NOUN
fsr-3917	234	9	explain	explain	VERB
fsr-3917	234	10	stock	stock	NOUN
fsr-3917	234	11	returns	return	NOUN
fsr-3917	234	12	better	well	ADV
fsr-3917	234	13	than	than	ADP
fsr-3917	234	14	book	book	NOUN
fsr-3917	234	15	-	-	PUNCT
fsr-3917	234	16	market	market	NOUN
fsr-3917	234	17	and	and	CCONJ
fsr-3917	234	18	firm	firm	ADJ
fsr-3917	234	19	size?financial	size?financial	PROPN
fsr-3917	234	20	analysts	analyst	NOUN
fsr-3917	234	21	journal	journal	NOUN
fsr-3917	234	22	,	,	PUNCT
fsr-3917	234	23	52,56–60	52,56–60	NOUN
fsr-3917	234	24	.	.	PUNCT
fsr-3917	235	1	barber	barber	PROPN
fsr-3917	235	2	,	,	PUNCT
fsr-3917	235	3	b.	b.	PROPN
fsr-3917	235	4	,	,	PUNCT
fsr-3917	235	5	&	&	CCONJ
fsr-3917	235	6	odean	odean	ADJ
fsr-3917	235	7	,	,	PUNCT
fsr-3917	235	8	t.	t.	PROPN
fsr-3917	235	9	(	(	PUNCT
fsr-3917	235	10	1999	1999	NUM
fsr-3917	235	11	)	)	PUNCT
fsr-3917	235	12	.	.	PUNCT
fsr-3917	236	1	trading	trading	NOUN
fsr-3917	236	2	is	be	AUX
fsr-3917	236	3	hazardous	hazardous	ADJ
fsr-3917	236	4	to	to	ADP
fsr-3917	236	5	your	your	PRON
fsr-3917	236	6	wealth.journal	wealth.journal	PROPN
fsr-3917	236	7	of	of	ADP
fsr-3917	236	8	finance	finance	NOUN
fsr-3917	236	9	,	,	PUNCT
fsr-3917	236	10	55,773–806	55,773–806	PROPN
fsr-3917	236	11	.	.	PUNCT
fsr-3917	237	1	bogle	bogle	PROPN
fsr-3917	237	2	,	,	PUNCT
fsr-3917	237	3	j.	j.	PROPN
fsr-3917	237	4	c.	c.	PROPN
fsr-3917	237	5	(	(	PUNCT
fsr-3917	237	6	1998	1998	NUM
fsr-3917	237	7	)	)	PUNCT
fsr-3917	237	8	.	.	PUNCT
fsr-3917	238	1	the	the	DET
fsr-3917	238	2	implication	implication	NOUN
fsr-3917	238	3	of	of	ADP
fsr-3917	238	4	style	style	NOUN
fsr-3917	238	5	analysis	analysis	NOUN
fsr-3917	238	6	for	for	ADP
fsr-3917	238	7	mutual	mutual	ADJ
fsr-3917	238	8	fund	fund	NOUN
fsr-3917	238	9	performance	performance	NOUN
fsr-3917	238	10	evaluation.journal	evaluation.journal	PROPN
fsr-3917	238	11	of	of	ADP
fsr-3917	238	12	portfolio	portfolio	NOUN
fsr-3917	238	13	management	management	NOUN
fsr-3917	238	14	,	,	PUNCT
fsr-3917	238	15	24,34–42	24,34–42	PROPN
fsr-3917	238	16	.	.	PUNCT
fsr-3917	238	17	chan	chan	PROPN
fsr-3917	238	18	,	,	PUNCT
fsr-3917	238	19	c.	c.	PROPN
fsr-3917	238	20	(	(	PUNCT
fsr-3917	238	21	1992	1992	NUM
fsr-3917	238	22	)	)	PUNCT
fsr-3917	238	23	.	.	PUNCT
fsr-3917	239	1	the	the	DET
fsr-3917	239	2	beta	beta	ADJ
fsr-3917	239	3	coefficient	coefficient	NOUN
fsr-3917	239	4	:	:	PUNCT
fsr-3917	239	5	its	its	PRON
fsr-3917	239	6	use	use	NOUN
fsr-3917	239	7	in	in	ADP
fsr-3917	239	8	measuring	measure	VERB
fsr-3917	239	9	market	market	NOUN
fsr-3917	239	10	risk	risk	NOUN
fsr-3917	239	11	and	and	CCONJ
fsr-3917	239	12	stock	stock	NOUN
fsr-3917	239	13	selection.journal	selection.journal	PROPN
fsr-3917	239	14	of	of	ADP
fsr-3917	239	15	investing	investing	NOUN
fsr-3917	239	16	,	,	PUNCT
fsr-3917	239	17	1	1	NUM
fsr-3917	239	18	,	,	PUNCT
fsr-3917	239	19	29–36	29–36	NUM
fsr-3917	239	20	.	.	PUNCT
fsr-3917	240	1	chandy	chandy	NOUN
fsr-3917	240	2	,	,	PUNCT
fsr-3917	240	3	p.	p.	PROPN
fsr-3917	240	4	r.	r.	PROPN
fsr-3917	240	5	,	,	PUNCT
fsr-3917	240	6	peavy	peavy	PROPN
fsr-3917	240	7	,	,	PUNCT
fsr-3917	240	8	j.	j.	PROPN
fsr-3917	240	9	w.	w.	PROPN
fsr-3917	240	10	,	,	PUNCT
fsr-3917	240	11	&	&	CCONJ
fsr-3917	240	12	reichenstein	reichenstein	PROPN
fsr-3917	240	13	,	,	PUNCT
fsr-3917	240	14	w.	w.	PROPN
fsr-3917	240	15	(	(	PUNCT
fsr-3917	240	16	1993	1993	NUM
fsr-3917	240	17	)	)	PUNCT
fsr-3917	240	18	.	.	PUNCT
fsr-3917	241	1	a	a	DET
fsr-3917	241	2	note	note	NOUN
fsr-3917	241	3	on	on	ADP
fsr-3917	241	4	the	the	DET
fsr-3917	241	5	value	value	NOUN
fsr-3917	241	6	line	line	NOUN
fsr-3917	241	7	stock	stock	NOUN
fsr-3917	241	8	highlight	highlight	VERB
fsr-3917	241	9	effect.journal	effect.journal	PROPN
fsr-3917	241	10	of	of	ADP
fsr-3917	241	11	financial	financial	ADJ
fsr-3917	241	12	research	research	NOUN
fsr-3917	241	13	,	,	PUNCT
fsr-3917	241	14	16,171–179	16,171–179	NUM
fsr-3917	241	15	.	.	PUNCT
fsr-3917	242	1	dennis	dennis	PROPN
fsr-3917	242	2	,	,	PUNCT
fsr-3917	242	3	p.	p.	NOUN
fsr-3917	242	4	,	,	PUNCT
fsr-3917	242	5	perfect	perfect	ADJ
fsr-3917	242	6	,	,	PUNCT
fsr-3917	242	7	s.	s.	PROPN
fsr-3917	242	8	b.	b.	PROPN
fsr-3917	242	9	,	,	PUNCT
fsr-3917	242	10	snow	snow	PROPN
fsr-3917	242	11	,	,	PUNCT
fsr-3917	242	12	k.	k.	PROPN
fsr-3917	242	13	n.	n.	PROPN
fsr-3917	242	14	,	,	PUNCT
fsr-3917	242	15	&	&	CCONJ
fsr-3917	242	16	wiles	wile	NOUN
fsr-3917	242	17	,	,	PUNCT
fsr-3917	242	18	k.	k.	PROPN
fsr-3917	242	19	w.	w.	PROPN
fsr-3917	242	20	(	(	PUNCT
fsr-3917	242	21	1995	1995	NUM
fsr-3917	242	22	)	)	PUNCT
fsr-3917	242	23	.	.	PUNCT
fsr-3917	243	1	the	the	DET
fsr-3917	243	2	effects	effect	NOUN
fsr-3917	243	3	of	of	ADP
fsr-3917	243	4	rebalancing	rebalancing	NOUN
fsr-3917	243	5	on	on	ADP
fsr-3917	243	6	size	size	NOUN
fsr-3917	243	7	and	and	CCONJ
fsr-3917	243	8	book	book	NOUN
fsr-3917	243	9	-	-	PUNCT
fsr-3917	243	10	to	to	ADP
fsr-3917	243	11	-	-	PUNCT
fsr-3917	243	12	market	market	NOUN
fsr-3917	243	13	ratio	ratio	NOUN
fsr-3917	243	14	portfolio	portfolio	NOUN
fsr-3917	243	15	returns.financial	returns.financial	PROPN
fsr-3917	243	16	analysts	analyst	NOUN
fsr-3917	243	17	journal	journal	NOUN
fsr-3917	243	18	,	,	PUNCT
fsr-3917	243	19	51,47–56	51,47–56	PROPN
fsr-3917	243	20	.	.	PUNCT
fsr-3917	244	1	elton	elton	PROPN
fsr-3917	244	2	,	,	PUNCT
fsr-3917	244	3	e.	e.	PROPN
fsr-3917	244	4	j.	j.	PROPN
fsr-3917	244	5	,	,	PUNCT
fsr-3917	244	6	&	&	CCONJ
fsr-3917	244	7	gruber	gruber	PROPN
fsr-3917	244	8	,	,	PUNCT
fsr-3917	244	9	m.	m.	NOUN
fsr-3917	244	10	j.	j.	PROPN
fsr-3917	244	11	(	(	PUNCT
fsr-3917	244	12	1995).modern	1995).modern	NUM
fsr-3917	244	13	portfolio	portfolio	NOUN
fsr-3917	244	14	theory	theory	NOUN
fsr-3917	244	15	and	and	CCONJ
fsr-3917	244	16	investment	investment	NOUN
fsr-3917	244	17	analysis(5th	analysis(5th	PROPN
fsr-3917	244	18	ed	ed	NOUN
fsr-3917	244	19	)	)	PUNCT
fsr-3917	244	20	.	.	PUNCT
fsr-3917	245	1	new	new	PROPN
fsr-3917	245	2	york	york	PROPN
fsr-3917	245	3	:	:	PUNCT
fsr-3917	245	4	john	john	PROPN
fsr-3917	245	5	wiley	wiley	PROPN
fsr-3917	245	6	.	.	PUNCT
fsr-3917	246	1	156	156	NUM
fsr-3917	246	2	a.l	a.l	PROPN
fsr-3917	246	3	.	.	PROPN
fsr-3917	246	4	loviscek	loviscek	PROPN
fsr-3917	246	5	,	,	PUNCT
fsr-3917	246	6	w.j	w.j	PROPN
fsr-3917	246	7	.	.	PROPN
fsr-3917	246	8	jordan	jordan	PROPN
fsr-3917	246	9	/	/	SYM
fsr-3917	246	10	financial	financial	ADJ
fsr-3917	246	11	services	service	NOUN
fsr-3917	246	12	review	review	VERB
fsr-3917	246	13	9	9	NUM
fsr-3917	246	14	(	(	PUNCT
fsr-3917	246	15	2000	2000	NUM
fsr-3917	246	16	)	)	PUNCT
fsr-3917	247	1	145–157	145–157	NUM
fsr-3917	247	2	elton	elton	PROPN
fsr-3917	247	3	,	,	PUNCT
fsr-3917	247	4	e.	e.	PROPN
fsr-3917	247	5	j.	j.	PROPN
fsr-3917	247	6	,	,	PUNCT
fsr-3917	247	7	gruber	gruber	PROPN
fsr-3917	247	8	,	,	PUNCT
fsr-3917	247	9	m.	m.	NOUN
fsr-3917	247	10	j.	j.	PROPN
fsr-3917	247	11	,	,	PUNCT
fsr-3917	247	12	&	&	CCONJ
fsr-3917	247	13	blake	blake	PROPN
fsr-3917	247	14	,	,	PUNCT
fsr-3917	247	15	c.	c.	PROPN
fsr-3917	247	16	r.	r.	PROPN
fsr-3917	247	17	(	(	PUNCT
fsr-3917	247	18	1996	1996	NUM
fsr-3917	247	19	)	)	PUNCT
fsr-3917	247	20	.	.	PUNCT
fsr-3917	248	1	the	the	DET
fsr-3917	248	2	persistence	persistence	NOUN
fsr-3917	248	3	of	of	ADP
fsr-3917	248	4	risk	risk	NOUN
fsr-3917	248	5	-	-	PUNCT
fsr-3917	248	6	adjusted	adjust	VERB
fsr-3917	248	7	mutual	mutual	ADJ
fsr-3917	248	8	fund	fund	NOUN
fsr-3917	248	9	performance	performance	NOUN
fsr-3917	248	10	.	.	PUNCT
fsr-3917	249	1	journal	journal	NOUN
fsr-3917	249	2	of	of	ADP
fsr-3917	249	3	business	business	NOUN
fsr-3917	249	4	,	,	PUNCT
fsr-3917	249	5	69,133–157	69,133–157	NUM
fsr-3917	249	6	.	.	PUNCT
fsr-3917	250	1	fama	fama	PROPN
fsr-3917	250	2	,	,	PUNCT
fsr-3917	250	3	e.	e.	PROPN
fsr-3917	250	4	f.	f.	PROPN
fsr-3917	250	5	(	(	PUNCT
fsr-3917	250	6	1995	1995	NUM
fsr-3917	250	7	)	)	PUNCT
fsr-3917	250	8	.	.	PUNCT
fsr-3917	251	1	random	random	ADJ
fsr-3917	251	2	walks	walk	NOUN
fsr-3917	251	3	in	in	ADP
fsr-3917	251	4	stock	stock	NOUN
fsr-3917	251	5	market	market	NOUN
fsr-3917	251	6	prices.financial	prices.financial	PROPN
fsr-3917	251	7	analysts	analyst	NOUN
fsr-3917	251	8	journal	journal	NOUN
fsr-3917	251	9	,	,	PUNCT
fsr-3917	251	10	51,75–80	51,75–80	PROPN
fsr-3917	251	11	.	.	PUNCT
fsr-3917	252	1	fromme	fromme	PROPN
fsr-3917	252	2	,	,	PUNCT
fsr-3917	252	3	s.	s.	PROPN
fsr-3917	252	4	(	(	PUNCT
fsr-3917	252	5	1993	1993	NUM
fsr-3917	252	6	)	)	PUNCT
fsr-3917	252	7	.	.	PUNCT
fsr-3917	253	1	p	p	X
fsr-3917	253	2	/	/	SYM
fsr-3917	253	3	e	e	NOUN
fsr-3917	253	4	,	,	PUNCT
fsr-3917	253	5	dividend	dividend	NOUN
fsr-3917	253	6	yield	yield	NOUN
fsr-3917	253	7	,	,	PUNCT
fsr-3917	253	8	and	and	CCONJ
fsr-3917	253	9	beta	beta	NOUN
fsr-3917	253	10	:	:	PUNCT
fsr-3917	253	11	how	how	SCONJ
fsr-3917	253	12	viable	viable	ADJ
fsr-3917	253	13	are	be	AUX
fsr-3917	253	14	they	they	PRON
fsr-3917	253	15	as	as	ADP
fsr-3917	253	16	stock	stock	NOUN
fsr-3917	253	17	selection	selection	NOUN
fsr-3917	253	18	criteria?journal	criteria?journal	PROPN
fsr-3917	253	19	of	of	ADP
fsr-3917	253	20	investing	investing	NOUN
fsr-3917	253	21	,	,	PUNCT
fsr-3917	253	22	2,34–41	2,34–41	NUM
fsr-3917	253	23	.	.	PUNCT
fsr-3917	254	1	gold	gold	NOUN
fsr-3917	254	2	,	,	PUNCT
fsr-3917	254	3	s.	s.	PROPN
fsr-3917	254	4	c.	c.	PROPN
fsr-3917	254	5	,	,	PUNCT
fsr-3917	254	6	&	&	CCONJ
fsr-3917	254	7	lebowitz	lebowitz	PROPN
fsr-3917	254	8	,	,	PUNCT
fsr-3917	254	9	p.	p.	NOUN
fsr-3917	254	10	(	(	PUNCT
fsr-3917	254	11	1999	1999	NUM
fsr-3917	254	12	)	)	PUNCT
fsr-3917	254	13	.	.	PUNCT
fsr-3917	255	1	computerized	computerized	ADJ
fsr-3917	255	2	stock	stock	NOUN
fsr-3917	255	3	screening	screen	VERB
fsr-3917	255	4	rules	rule	NOUN
fsr-3917	255	5	for	for	ADP
fsr-3917	255	6	portfolio	portfolio	NOUN
fsr-3917	255	7	selection.financial	selection.financial	PROPN
fsr-3917	255	8	services	service	NOUN
fsr-3917	255	9	review	review	PROPN
fsr-3917	255	10	,	,	PUNCT
fsr-3917	255	11	8,61–70	8,61–70	NUM
fsr-3917	255	12	.	.	PUNCT
fsr-3917	256	1	haugen	haugen	PROPN
fsr-3917	256	2	,	,	PUNCT
fsr-3917	256	3	r.	r.	PROPN
fsr-3917	256	4	,	,	PUNCT
fsr-3917	256	5	&	&	CCONJ
fsr-3917	256	6	baker	baker	PROPN
fsr-3917	256	7	,	,	PUNCT
fsr-3917	256	8	n.	n.	PROPN
fsr-3917	256	9	l.	l.	PROPN
fsr-3917	256	10	(	(	PUNCT
fsr-3917	256	11	1991	1991	NUM
fsr-3917	256	12	)	)	PUNCT
fsr-3917	256	13	.	.	PUNCT
fsr-3917	257	1	the	the	DET
fsr-3917	257	2	efficient	efficient	ADJ
fsr-3917	257	3	market	market	NOUN
fsr-3917	257	4	inefficiency	inefficiency	NOUN
fsr-3917	257	5	of	of	ADP
fsr-3917	257	6	capitalization	capitalization	NOUN
fsr-3917	257	7	-	-	PUNCT
fsr-3917	257	8	weighted	weight	VERB
fsr-3917	257	9	stock	stock	NOUN
fsr-3917	257	10	portfolios	portfolio	NOUN
fsr-3917	257	11	.	.	PUNCT
fsr-3917	258	1	journal	journal	PROPN
fsr-3917	258	2	of	of	ADP
fsr-3917	258	3	portfolio	portfolio	NOUN
fsr-3917	258	4	management	management	NOUN
fsr-3917	258	5	,	,	PUNCT
fsr-3917	258	6	17,35–40	17,35–40	NUM
fsr-3917	258	7	.	.	PUNCT
fsr-3917	259	1	herzberg	herzberg	PROPN
fsr-3917	259	2	,	,	PUNCT
fsr-3917	259	3	m.	m.	NOUN
fsr-3917	259	4	m.	m.	NOUN
fsr-3917	259	5	(	(	PUNCT
fsr-3917	259	6	1998	1998	NUM
fsr-3917	259	7	)	)	PUNCT
fsr-3917	259	8	.	.	PUNCT
fsr-3917	260	1	implementing	implement	VERB
fsr-3917	260	2	ebo	ebo	PROPN
fsr-3917	260	3	/	/	SYM
fsr-3917	260	4	eva	eva	NOUN
fsr-3917	260	5	analysis	analysis	NOUN
fsr-3917	260	6	in	in	ADP
fsr-3917	260	7	stock	stock	NOUN
fsr-3917	260	8	selection.journal	selection.journal	PROPN
fsr-3917	260	9	of	of	ADP
fsr-3917	260	10	investing	investing	NOUN
fsr-3917	260	11	,	,	PUNCT
fsr-3917	260	12	7,45–53	7,45–53	PROPN
fsr-3917	260	13	.	.	PUNCT
fsr-3917	260	14	higgins	higgins	PROPN
fsr-3917	260	15	,	,	PUNCT
fsr-3917	260	16	e.	e.	PROPN
fsr-3917	260	17	j.	j.	PROPN
fsr-3917	260	18	,	,	PUNCT
fsr-3917	260	19	&	&	CCONJ
fsr-3917	260	20	peterson	peterson	PROPN
fsr-3917	260	21	,	,	PUNCT
fsr-3917	260	22	d.	d.	PROPN
fsr-3917	260	23	r.	r.	PROPN
fsr-3917	260	24	(	(	PUNCT
fsr-3917	260	25	1998	1998	NUM
fsr-3917	260	26	)	)	PUNCT
fsr-3917	260	27	.	.	PUNCT
fsr-3917	261	1	the	the	DET
fsr-3917	261	2	power	power	NOUN
fsr-3917	261	3	of	of	ADP
fsr-3917	261	4	one	one	NUM
fsr-3917	261	5	and	and	CCONJ
fsr-3917	261	6	two	two	NUM
fsr-3917	261	7	-	-	PUNCT
fsr-3917	261	8	sample	sample	NOUN
fsr-3917	261	9	t	t	NOUN
fsr-3917	261	10	statistics	statistic	NOUN
fsr-3917	261	11	given	give	VERB
fsr-3917	261	12	event	event	NOUN
fsr-3917	261	13	-	-	PUNCT
fsr-3917	261	14	induced	induce	VERB
fsr-3917	261	15	variance	variance	NOUN
fsr-3917	261	16	increases	increase	NOUN
fsr-3917	261	17	and	and	CCONJ
fsr-3917	261	18	nonnormal	nonnormal	ADJ
fsr-3917	261	19	stock	stock	NOUN
fsr-3917	261	20	returns	return	NOUN
fsr-3917	261	21	:	:	PUNCT
fsr-3917	261	22	a	a	DET
fsr-3917	261	23	comparative	comparative	ADJ
fsr-3917	261	24	study.quarterly	study.quarterly	ADJ
fsr-3917	261	25	journal	journal	NOUN
fsr-3917	261	26	of	of	ADP
fsr-3917	261	27	business	business	NOUN
fsr-3917	261	28	and	and	CCONJ
fsr-3917	261	29	economics	economic	NOUN
fsr-3917	261	30	,	,	PUNCT
fsr-3917	261	31	37,27–49	37,27–49	PROPN
fsr-3917	261	32	.	.	PUNCT
fsr-3917	262	1	ibbotson	ibbotson	PROPN
fsr-3917	262	2	associates	associates	PROPN
fsr-3917	262	3	.	.	PUNCT
fsr-3917	263	1	(	(	PUNCT
fsr-3917	263	2	2000).stocks	2000).stock	NOUN
fsr-3917	263	3	,	,	PUNCT
fsr-3917	263	4	bonds	bond	NOUN
fsr-3917	263	5	,	,	PUNCT
fsr-3917	263	6	bills	bill	NOUN
fsr-3917	263	7	,	,	PUNCT
fsr-3917	263	8	and	and	CCONJ
fsr-3917	263	9	inflation.chicago	inflation.chicago	NOUN
fsr-3917	263	10	:	:	PUNCT
fsr-3917	263	11	ibbotson	ibbotson	PROPN
fsr-3917	263	12	associates	associates	PROPN
fsr-3917	263	13	.	.	PUNCT
fsr-3917	264	1	kolb	kolb	PROPN
fsr-3917	264	2	,	,	PUNCT
fsr-3917	264	3	r.	r.	PROPN
fsr-3917	264	4	w.	w.	PROPN
fsr-3917	264	5	,	,	PUNCT
fsr-3917	264	6	&	&	CCONJ
fsr-3917	264	7	rodriguez	rodriguez	PROPN
fsr-3917	264	8	,	,	PUNCT
fsr-3917	264	9	r.	r.	PROPN
fsr-3917	264	10	j.	j.	PROPN
fsr-3917	264	11	(	(	PUNCT
fsr-3917	264	12	1990	1990	NUM
fsr-3917	264	13	)	)	PUNCT
fsr-3917	264	14	.	.	PUNCT
fsr-3917	264	15	is	be	AUX
fsr-3917	264	16	the	the	DET
fsr-3917	264	17	distribution	distribution	NOUN
fsr-3917	264	18	of	of	ADP
fsr-3917	264	19	betas	beta	NOUN
fsr-3917	264	20	stationary?journal	stationary?journal	PROPN
fsr-3917	264	21	of	of	ADP
fsr-3917	264	22	financial	financial	ADJ
fsr-3917	264	23	research	research	NOUN
fsr-3917	264	24	,	,	PUNCT
fsr-3917	264	25	13	13	NUM
fsr-3917	264	26	,	,	PUNCT
fsr-3917	264	27	279–283	279–283	NUM
fsr-3917	264	28	.	.	PUNCT
fsr-3917	265	1	kolodny	kolodny	PROPN
fsr-3917	265	2	,	,	PUNCT
fsr-3917	265	3	r.	r.	PROPN
fsr-3917	265	4	,	,	PUNCT
fsr-3917	265	5	laurence	laurence	PROPN
fsr-3917	265	6	,	,	PUNCT
fsr-3917	265	7	m.	m.	NOUN
fsr-3917	265	8	,	,	PUNCT
fsr-3917	265	9	&	&	CCONJ
fsr-3917	265	10	ghosh	ghosh	PROPN
fsr-3917	265	11	,	,	PUNCT
fsr-3917	265	12	a.	a.	NOUN
fsr-3917	265	13	(	(	PUNCT
fsr-3917	265	14	1989	1989	NUM
fsr-3917	265	15	)	)	PUNCT
fsr-3917	265	16	.	.	PUNCT
fsr-3917	266	1	in	in	ADP
fsr-3917	266	2	search	search	NOUN
fsr-3917	266	3	of	of	ADP
fsr-3917	266	4	excellence	excellence	NOUN
fsr-3917	266	5	.	.	PUNCT
fsr-3917	266	6	.	.	PUNCT
fsr-3917	267	1	.for	.for	PUNCT
fsr-3917	268	1	whom?journal	whom?journal	PROPN
fsr-3917	268	2	of	of	ADP
fsr-3917	268	3	portfolio	portfolio	NOUN
fsr-3917	268	4	management	management	NOUN
fsr-3917	268	5	,	,	PUNCT
fsr-3917	268	6	15,56–60	15,56–60	PROPN
fsr-3917	268	7	.	.	PUNCT
fsr-3917	269	1	khorana	khorana	PROPN
fsr-3917	269	2	,	,	PUNCT
fsr-3917	269	3	a.	a.	PROPN
fsr-3917	269	4	,	,	PUNCT
fsr-3917	269	5	&	&	CCONJ
fsr-3917	269	6	nelling	nelling	PROPN
fsr-3917	269	7	,	,	PUNCT
fsr-3917	269	8	e.	e.	PROPN
fsr-3917	269	9	(	(	PUNCT
fsr-3917	269	10	1998	1998	NUM
fsr-3917	269	11	)	)	PUNCT
fsr-3917	269	12	.	.	PUNCT
fsr-3917	270	1	the	the	DET
fsr-3917	270	2	determinants	determinant	NOUN
fsr-3917	270	3	and	and	CCONJ
fsr-3917	270	4	predictive	predictive	ADJ
fsr-3917	270	5	ability	ability	NOUN
fsr-3917	270	6	of	of	ADP
fsr-3917	270	7	mutual	mutual	ADJ
fsr-3917	270	8	fund	fund	NOUN
fsr-3917	270	9	ratings.journal	ratings.journal	PROPN
fsr-3917	270	10	of	of	ADP
fsr-3917	270	11	investing	investing	NOUN
fsr-3917	270	12	,	,	PUNCT
fsr-3917	270	13	7,61–66	7,61–66	NUM
fsr-3917	270	14	.	.	PUNCT
fsr-3917	271	1	mann	mann	PROPN
fsr-3917	271	2	,	,	PUNCT
fsr-3917	271	3	s.	s.	PROPN
fsr-3917	271	4	v.	v.	PROPN
fsr-3917	271	5	,	,	PUNCT
fsr-3917	271	6	&	&	CCONJ
fsr-3917	271	7	solberg	solberg	PROPN
fsr-3917	271	8	,	,	PUNCT
fsr-3917	271	9	d.	d.	PROPN
fsr-3917	271	10	p.	p.	PROPN
fsr-3917	271	11	(	(	PUNCT
fsr-3917	271	12	1991	1991	NUM
fsr-3917	271	13	)	)	PUNCT
fsr-3917	271	14	.	.	PUNCT
fsr-3917	272	1	should	should	AUX
fsr-3917	272	2	investors	investor	NOUN
fsr-3917	272	3	avoid	avoid	VERB
fsr-3917	272	4	the	the	DET
fsr-3917	272	5	stock	stock	NOUN
fsr-3917	272	6	market	market	NOUN
fsr-3917	272	7	outside	outside	ADP
fsr-3917	272	8	of	of	ADP
fsr-3917	272	9	january?financial	january?financial	PROPN
fsr-3917	272	10	services	service	NOUN
fsr-3917	272	11	review	review	NOUN
fsr-3917	272	12	,	,	PUNCT
fsr-3917	272	13	1,101–108	1,101–108	NUM
fsr-3917	272	14	.	.	PUNCT
fsr-3917	273	1	markowitz	markowitz	PROPN
fsr-3917	273	2	,	,	PUNCT
fsr-3917	273	3	h.	h.	PROPN
fsr-3917	273	4	m.	m.	NOUN
fsr-3917	273	5	(	(	PUNCT
fsr-3917	273	6	1991).portfolio	1991).portfolio	NUM
fsr-3917	273	7	selection	selection	NOUN
fsr-3917	273	8	:	:	PUNCT
fsr-3917	273	9	efficient	efficient	ADJ
fsr-3917	273	10	diversification	diversification	NOUN
fsr-3917	273	11	of	of	ADP
fsr-3917	273	12	investments(2nd	investments(2nd	ADP
fsr-3917	273	13	ed	ed	NOUN
fsr-3917	273	14	)	)	PUNCT
fsr-3917	273	15	.	.	PUNCT
fsr-3917	274	1	cambridge	cambridge	PROPN
fsr-3917	274	2	,	,	PUNCT
fsr-3917	274	3	ma	ma	PROPN
fsr-3917	274	4	:	:	PUNCT
fsr-3917	274	5	blackwell	blackwell	PROPN
fsr-3917	274	6	.	.	PUNCT
fsr-3917	275	1	markowitz	markowitz	PROPN
fsr-3917	275	2	,	,	PUNCT
fsr-3917	275	3	h.	h.	PROPN
fsr-3917	275	4	m.	m.	PROPN
fsr-3917	275	5	,	,	PUNCT
fsr-3917	275	6	&	&	CCONJ
fsr-3917	275	7	xu	xu	PROPN
fsr-3917	275	8	,	,	PUNCT
fsr-3917	275	9	g.	g.	PROPN
fsr-3917	275	10	l.	l.	PROPN
fsr-3917	275	11	(	(	PUNCT
fsr-3917	275	12	1994	1994	NUM
fsr-3917	275	13	)	)	PUNCT
fsr-3917	275	14	.	.	PUNCT
fsr-3917	276	1	data	datum	NOUN
fsr-3917	276	2	mining	mine	VERB
fsr-3917	276	3	corrections.journal	corrections.journal	PROPN
fsr-3917	276	4	of	of	ADP
fsr-3917	276	5	portfolio	portfolio	NOUN
fsr-3917	276	6	management	management	NOUN
fsr-3917	276	7	,	,	PUNCT
fsr-3917	276	8	21,60–69	21,60–69	PROPN
fsr-3917	276	9	.	.	PUNCT
fsr-3917	277	1	metrick	metrick	PROPN
fsr-3917	277	2	,	,	PUNCT
fsr-3917	277	3	a.	a.	NOUN
fsr-3917	277	4	(	(	PUNCT
fsr-3917	277	5	1999	1999	NUM
fsr-3917	277	6	)	)	PUNCT
fsr-3917	277	7	.	.	PUNCT
fsr-3917	278	1	performance	performance	NOUN
fsr-3917	278	2	evaluation	evaluation	NOUN
fsr-3917	278	3	with	with	ADP
fsr-3917	278	4	transactions	transaction	NOUN
fsr-3917	278	5	:	:	PUNCT
fsr-3917	278	6	the	the	DET
fsr-3917	278	7	stock	stock	NOUN
fsr-3917	278	8	selection	selection	NOUN
fsr-3917	278	9	of	of	ADP
fsr-3917	278	10	investment	investment	NOUN
fsr-3917	278	11	newsletters	newsletter	NOUN
fsr-3917	278	12	.	.	PUNCT
fsr-3917	279	1	journal	journal	NOUN
fsr-3917	279	2	of	of	ADP
fsr-3917	279	3	finance	finance	NOUN
fsr-3917	279	4	,	,	PUNCT
fsr-3917	279	5	54,1743–1775	54,1743–1775	PROPN
fsr-3917	279	6	.	.	PUNCT
fsr-3917	279	7	michaud	michaud	PROPN
fsr-3917	279	8	,	,	PUNCT
fsr-3917	279	9	r.	r.	PROPN
fsr-3917	279	10	o.	o.	PROPN
fsr-3917	279	11	(	(	PUNCT
fsr-3917	279	12	1998	1998	NUM
fsr-3917	279	13	)	)	PUNCT
fsr-3917	279	14	.	.	PUNCT
fsr-3917	279	15	is	be	AUX
fsr-3917	279	16	value	value	NOUN
fsr-3917	279	17	multidimensional	multidimensional	ADJ
fsr-3917	279	18	?	?	PUNCT
fsr-3917	280	1	implications	implication	NOUN
fsr-3917	280	2	for	for	ADP
fsr-3917	280	3	style	style	NOUN
fsr-3917	280	4	management	management	NOUN
fsr-3917	280	5	and	and	CCONJ
fsr-3917	280	6	global	global	ADJ
fsr-3917	280	7	stock	stock	NOUN
fsr-3917	280	8	selection	selection	NOUN
fsr-3917	280	9	.	.	PUNCT
fsr-3917	281	1	journal	journal	PROPN
fsr-3917	281	2	of	of	ADP
fsr-3917	281	3	investing	investing	PROPN
fsr-3917	281	4	,	,	PUNCT
fsr-3917	281	5	7,61–65	7,61–65	PROPN
fsr-3917	281	6	.	.	PUNCT
fsr-3917	281	7	morningstar	morningstar	PROPN
fsr-3917	281	8	.	.	PUNCT
fsr-3917	282	1	(	(	PUNCT
fsr-3917	282	2	1989–1994).mutual	1989–1994).mutual	NUM
fsr-3917	282	3	fund	fund	NOUN
fsr-3917	282	4	sourcebook.chicago	sourcebook.chicago	NOUN
fsr-3917	282	5	:	:	PUNCT
fsr-3917	282	6	morningstar	morningstar	NOUN
fsr-3917	282	7	.	.	PUNCT
fsr-3917	282	8	morningstar	morningstar	PROPN
fsr-3917	282	9	.	.	PUNCT
fsr-3917	283	1	(	(	PUNCT
fsr-3917	283	2	1994).mutual	1994).mutual	ADJ
fsr-3917	283	3	funds.chicago	funds.chicago	PROPN
fsr-3917	283	4	:	:	PUNCT
fsr-3917	283	5	morningstar	morningstar	PROPN
fsr-3917	283	6	.	.	PUNCT
fsr-3917	284	1	nawrocki	nawrocki	PROPN
fsr-3917	284	2	,	,	PUNCT
fsr-3917	284	3	d.	d.	PROPN
fsr-3917	284	4	(	(	PUNCT
fsr-3917	284	5	1996	1996	NUM
fsr-3917	284	6	)	)	PUNCT
fsr-3917	284	7	.	.	PUNCT
fsr-3917	285	1	portfolio	portfolio	NOUN
fsr-3917	285	2	analysis	analysis	NOUN
fsr-3917	285	3	with	with	ADP
fsr-3917	285	4	a	a	DET
fsr-3917	285	5	large	large	ADJ
fsr-3917	285	6	universe	universe	NOUN
fsr-3917	285	7	of	of	ADP
fsr-3917	285	8	assets.applied	assets.applied	ADJ
fsr-3917	285	9	economics	economic	NOUN
fsr-3917	285	10	,	,	PUNCT
fsr-3917	285	11	28,1191–1198	28,1191–1198	PROPN
fsr-3917	285	12	.	.	NOUN
fsr-3917	285	13	odean	odean	ADJ
fsr-3917	285	14	,	,	PUNCT
fsr-3917	285	15	t.	t.	PROPN
fsr-3917	285	16	(	(	PUNCT
fsr-3917	285	17	1999	1999	NUM
fsr-3917	285	18	)	)	PUNCT
fsr-3917	285	19	.	.	PUNCT
fsr-3917	286	1	do	do	AUX
fsr-3917	286	2	investors	investor	NOUN
fsr-3917	286	3	trade	trade	VERB
fsr-3917	286	4	too	too	ADV
fsr-3917	286	5	much?american	much?american	CCONJ
fsr-3917	286	6	economic	economic	ADJ
fsr-3917	286	7	review	review	NOUN
fsr-3917	286	8	,	,	PUNCT
fsr-3917	286	9	89,1279–1298	89,1279–1298	PROPN
fsr-3917	286	10	.	.	PUNCT
fsr-3917	286	11	oliver	oliver	PROPN
fsr-3917	286	12	,	,	PUNCT
fsr-3917	286	13	s.	s.	PROPN
fsr-3917	286	14	(	(	PUNCT
fsr-3917	286	15	1992	1992	NUM
fsr-3917	286	16	)	)	PUNCT
fsr-3917	286	17	.	.	PUNCT
fsr-3917	287	1	cheap	cheap	ADJ
fsr-3917	287	2	growth.forbes	growth.forbe	NOUN
fsr-3917	287	3	,	,	PUNCT
fsr-3917	287	4	149(7	149(7	NUM
fsr-3917	287	5	)	)	PUNCT
fsr-3917	287	6	,	,	PUNCT
fsr-3917	287	7	145	145	NUM
fsr-3917	287	8	.	.	PUNCT
fsr-3917	288	1	rich	rich	ADJ
fsr-3917	288	2	,	,	PUNCT
fsr-3917	288	3	s.	s.	PROPN
fsr-3917	288	4	p.	p.	PROPN
fsr-3917	288	5	,	,	PUNCT
fsr-3917	288	6	&	&	CCONJ
fsr-3917	288	7	reichenstein	reichenstein	PROPN
fsr-3917	288	8	,	,	PUNCT
fsr-3917	288	9	w.	w.	PROPN
fsr-3917	288	10	(	(	PUNCT
fsr-3917	288	11	1993	1993	NUM
fsr-3917	288	12	)	)	PUNCT
fsr-3917	288	13	.	.	PUNCT
fsr-3917	289	1	market	market	NOUN
fsr-3917	289	2	timing	timing	NOUN
fsr-3917	289	3	for	for	ADP
fsr-3917	289	4	the	the	DET
fsr-3917	289	5	individual	individual	ADJ
fsr-3917	289	6	investor	investor	NOUN
fsr-3917	289	7	:	:	PUNCT
fsr-3917	289	8	using	use	VERB
fsr-3917	289	9	the	the	DET
fsr-3917	289	10	predictability	predictability	NOUN
fsr-3917	289	11	of	of	ADP
fsr-3917	289	12	long	long	ADJ
fsr-3917	289	13	-	-	PUNCT
fsr-3917	289	14	horizon	horizon	NOUN
fsr-3917	289	15	stock	stock	NOUN
fsr-3917	289	16	returns	return	NOUN
fsr-3917	289	17	to	to	PART
fsr-3917	289	18	enhance	enhance	VERB
fsr-3917	289	19	portfolio	portfolio	NOUN
fsr-3917	289	20	performance.financial	performance.financial	PROPN
fsr-3917	289	21	services	service	NOUN
fsr-3917	289	22	review	review	NOUN
fsr-3917	289	23	,	,	PUNCT
fsr-3917	289	24	3,29–43	3,29–43	NUM
fsr-3917	289	25	.	.	PUNCT
fsr-3917	289	26	rohweder	rohweder	NOUN
fsr-3917	289	27	,	,	PUNCT
fsr-3917	289	28	h.	h.	PROPN
fsr-3917	289	29	c.	c.	PROPN
fsr-3917	289	30	(	(	PUNCT
fsr-3917	289	31	1998	1998	NUM
fsr-3917	289	32	)	)	PUNCT
fsr-3917	289	33	.	.	PUNCT
fsr-3917	290	1	implementing	implement	VERB
fsr-3917	290	2	stock	stock	NOUN
fsr-3917	290	3	selection	selection	NOUN
fsr-3917	290	4	ideas	idea	NOUN
fsr-3917	290	5	:	:	PUNCT
fsr-3917	290	6	does	do	AUX
fsr-3917	290	7	error	error	NOUN
fsr-3917	290	8	tracking	tracking	NOUN
fsr-3917	290	9	optimization	optimization	NOUN
fsr-3917	290	10	do	do	VERB
fsr-3917	290	11	any	any	DET
fsr-3917	290	12	good	good	ADJ
fsr-3917	290	13	?	?	PUNCT
fsr-3917	291	1	journal	journal	NOUN
fsr-3917	291	2	of	of	ADP
fsr-3917	291	3	portfolio	portfolio	NOUN
fsr-3917	291	4	management	management	NOUN
fsr-3917	291	5	,	,	PUNCT
fsr-3917	291	6	24,49–59	24,49–59	NOUN
fsr-3917	291	7	.	.	PUNCT
fsr-3917	292	1	sahu	sahu	PROPN
fsr-3917	292	2	,	,	PUNCT
fsr-3917	292	3	a.	a.	NOUN
fsr-3917	292	4	p.	p.	PROPN
fsr-3917	292	5	,	,	PUNCT
fsr-3917	292	6	&	&	CCONJ
fsr-3917	292	7	kleiman	kleiman	PROPN
fsr-3917	292	8	,	,	PUNCT
fsr-3917	292	9	r.	r.	PROPN
fsr-3917	292	10	t.	t.	PROPN
fsr-3917	292	11	(	(	PUNCT
fsr-3917	292	12	1998	1998	NUM
fsr-3917	292	13	)	)	PUNCT
fsr-3917	292	14	.	.	PUNCT
fsr-3917	293	1	the	the	DET
fsr-3917	293	2	timing	timing	NOUN
fsr-3917	293	3	and	and	CCONJ
fsr-3917	293	4	stock	stock	NOUN
fsr-3917	293	5	selection	selection	NOUN
fsr-3917	293	6	abilities	ability	NOUN
fsr-3917	293	7	of	of	ADP
fsr-3917	293	8	bank	bank	NOUN
fsr-3917	293	9	funds	fund	NOUN
fsr-3917	293	10	:	:	PUNCT
fsr-3917	293	11	evidence	evidence	NOUN
fsr-3917	293	12	based	base	VERB
fsr-3917	293	13	on	on	ADP
fsr-3917	293	14	meta-analysis.journal	meta-analysis.journal	PROPN
fsr-3917	293	15	of	of	ADP
fsr-3917	293	16	financial	financial	ADJ
fsr-3917	293	17	services	service	NOUN
fsr-3917	293	18	research	research	NOUN
fsr-3917	293	19	,	,	PUNCT
fsr-3917	293	20	13,137–152	13,137–152	PROPN
fsr-3917	293	21	.	.	PUNCT
fsr-3917	293	22	thaler	thaler	PROPN
fsr-3917	293	23	,	,	PUNCT
fsr-3917	293	24	r.	r.	PROPN
fsr-3917	293	25	h.	h.	PROPN
fsr-3917	293	26	(	(	PUNCT
fsr-3917	293	27	1999	1999	NUM
fsr-3917	293	28	)	)	PUNCT
fsr-3917	293	29	.	.	PUNCT
fsr-3917	294	1	the	the	DET
fsr-3917	294	2	end	end	NOUN
fsr-3917	294	3	of	of	ADP
fsr-3917	294	4	behavioral	behavioral	ADJ
fsr-3917	294	5	finance.financial	finance.financial	PROPN
fsr-3917	294	6	analysts	analyst	NOUN
fsr-3917	294	7	journal	journal	NOUN
fsr-3917	294	8	,	,	PUNCT
fsr-3917	294	9	55,12–17	55,12–17	PROPN
fsr-3917	294	10	.	.	PUNCT
fsr-3917	295	1	tucker	tucker	PROPN
fsr-3917	295	2	,	,	PUNCT
fsr-3917	295	3	a.	a.	PROPN
fsr-3917	295	4	l.	l.	PROPN
fsr-3917	295	5	,	,	PUNCT
fsr-3917	295	6	becker	becker	PROPN
fsr-3917	295	7	,	,	PUNCT
fsr-3917	295	8	k.	k.	PROPN
fsr-3917	295	9	g.	g.	PROPN
fsr-3917	295	10	,	,	PUNCT
fsr-3917	295	11	isimbabi	isimbabi	PROPN
fsr-3917	295	12	,	,	PUNCT
fsr-3917	295	13	m.	m.	NOUN
fsr-3917	295	14	j.	j.	PROPN
fsr-3917	295	15	,	,	PUNCT
fsr-3917	295	16	&	&	CCONJ
fsr-3917	295	17	ogden	ogden	PROPN
fsr-3917	295	18	,	,	PUNCT
fsr-3917	295	19	j.	j.	PROPN
fsr-3917	295	20	(	(	PUNCT
fsr-3917	295	21	1994).contemporary	1994).contemporary	NUM
fsr-3917	295	22	portfolio	portfolio	NOUN
fsr-3917	295	23	theory	theory	NOUN
fsr-3917	295	24	and	and	CCONJ
fsr-3917	295	25	risk	risk	NOUN
fsr-3917	295	26	management.new	management.new	PROPN
fsr-3917	295	27	york	york	PROPN
fsr-3917	295	28	:	:	PUNCT
fsr-3917	295	29	west	west	PROPN
fsr-3917	295	30	.	.	PUNCT
fsr-3917	296	1	volkman	volkman	PROPN
fsr-3917	296	2	,	,	PUNCT
fsr-3917	296	3	d.	d.	PROPN
fsr-3917	296	4	a.	a.	PROPN
fsr-3917	296	5	,	,	PUNCT
fsr-3917	296	6	&	&	CCONJ
fsr-3917	296	7	wohar	wohar	PROPN
fsr-3917	296	8	,	,	PUNCT
fsr-3917	296	9	m.	m.	PROPN
fsr-3917	296	10	e.	e.	PROPN
fsr-3917	296	11	(	(	PUNCT
fsr-3917	296	12	1996	1996	NUM
fsr-3917	296	13	)	)	PUNCT
fsr-3917	296	14	.	.	PUNCT
fsr-3917	297	1	abnormal	abnormal	ADJ
fsr-3917	297	2	profits	profit	NOUN
fsr-3917	297	3	and	and	CCONJ
fsr-3917	297	4	relative	relative	ADJ
fsr-3917	297	5	strength	strength	NOUN
fsr-3917	297	6	in	in	ADP
fsr-3917	297	7	mutual	mutual	ADJ
fsr-3917	297	8	fund	fund	NOUN
fsr-3917	297	9	returns.review	returns.review	NUM
fsr-3917	297	10	of	of	ADP
fsr-3917	297	11	financial	financial	ADJ
fsr-3917	297	12	economics	economic	NOUN
fsr-3917	297	13	,	,	PUNCT
fsr-3917	297	14	5,101–116	5,101–116	NUM
fsr-3917	297	15	.	.	PUNCT
fsr-3917	297	16	walker	walker	PROPN
fsr-3917	297	17	,	,	PUNCT
fsr-3917	297	18	m.	m.	NOUN
fsr-3917	297	19	m.	m.	NOUN
fsr-3917	297	20	,	,	PUNCT
fsr-3917	297	21	&	&	CCONJ
fsr-3917	297	22	hatfield	hatfield	PROPN
fsr-3917	297	23	,	,	PUNCT
fsr-3917	297	24	g.	g.	PROPN
fsr-3917	297	25	b.	b.	PROPN
fsr-3917	297	26	(	(	PUNCT
fsr-3917	297	27	1996	1996	NUM
fsr-3917	297	28	)	)	PUNCT
fsr-3917	297	29	.	.	PUNCT
fsr-3917	298	1	professional	professional	ADJ
fsr-3917	298	2	stock	stock	NOUN
fsr-3917	298	3	analysts	analyst	NOUN
fsr-3917	298	4	’	’	PART
fsr-3917	298	5	recommendations	recommendation	NOUN
fsr-3917	298	6	:	:	PUNCT
fsr-3917	298	7	implications	implication	NOUN
fsr-3917	298	8	for	for	ADP
fsr-3917	298	9	individual	individual	ADJ
fsr-3917	298	10	investors.financial	investors.financial	PROPN
fsr-3917	298	11	services	service	NOUN
fsr-3917	298	12	review	review	NOUN
fsr-3917	298	13	,	,	PUNCT
fsr-3917	298	14	5,13–29	5,13–29	PROPN
fsr-3917	298	15	.	.	PUNCT
fsr-3917	298	16	wong	wong	PROPN
fsr-3917	298	17	,	,	PUNCT
fsr-3917	298	18	f.	f.	PROPN
fsr-3917	298	19	s.	s.	PROPN
fsr-3917	298	20	,	,	PUNCT
fsr-3917	298	21	wang	wang	PROPN
fsr-3917	298	22	,	,	PUNCT
fsr-3917	298	23	f.	f.	PROPN
fsr-3917	298	24	z.	z.	PROPN
fsr-3917	298	25	,	,	PUNCT
fsr-3917	298	26	goh	goh	PROPN
fsr-3917	298	27	,	,	PUNCT
fsr-3917	298	28	t.	t.	PROPN
fsr-3917	298	29	h.	h.	PROPN
fsr-3917	298	30	,	,	PUNCT
fsr-3917	298	31	&	&	CCONJ
fsr-3917	298	32	quek	quek	PROPN
fsr-3917	298	33	,	,	PUNCT
fsr-3917	298	34	b.	b.	PROPN
fsr-3917	298	35	k.	k.	PROPN
fsr-3917	298	36	(	(	PUNCT
fsr-3917	298	37	1992	1992	NUM
fsr-3917	298	38	)	)	PUNCT
fsr-3917	298	39	.	.	PUNCT
fsr-3917	299	1	fuzzy	fuzzy	ADJ
fsr-3917	299	2	neural	neural	ADJ
fsr-3917	299	3	systems	system	NOUN
fsr-3917	299	4	for	for	ADP
fsr-3917	299	5	stock	stock	NOUN
fsr-3917	299	6	selection.financial	selection.financial	ADJ
fsr-3917	299	7	analysts	analyst	NOUN
fsr-3917	299	8	journal	journal	NOUN
fsr-3917	299	9	,	,	PUNCT
fsr-3917	299	10	48,47–52	48,47–52	NUM
fsr-3917	299	11	.	.	PUNCT
fsr-3917	300	1	zimmerman	zimmerman	PROPN
fsr-3917	300	2	,	,	PUNCT
fsr-3917	300	3	h.	h.	PROPN
fsr-3917	300	4	,	,	PUNCT
fsr-3917	300	5	&	&	CCONJ
fsr-3917	300	6	zogg	zogg	PROPN
fsr-3917	300	7	-	-	PUNCT
fsr-3917	300	8	wetter	wetter	NOUN
fsr-3917	300	9	,	,	PUNCT
fsr-3917	300	10	c.	c.	NOUN
fsr-3917	300	11	(	(	PUNCT
fsr-3917	300	12	1992	1992	NUM
fsr-3917	300	13	)	)	PUNCT
fsr-3917	300	14	.	.	PUNCT
fsr-3917	301	1	on	on	ADP
fsr-3917	301	2	detecting	detect	VERB
fsr-3917	301	3	selection	selection	NOUN
fsr-3917	301	4	and	and	CCONJ
fsr-3917	301	5	timing	timing	NOUN
fsr-3917	301	6	ability	ability	NOUN
fsr-3917	301	7	:	:	PUNCT
fsr-3917	301	8	the	the	DET
fsr-3917	301	9	case	case	NOUN
fsr-3917	301	10	of	of	ADP
fsr-3917	301	11	stock	stock	NOUN
fsr-3917	301	12	market	market	NOUN
fsr-3917	301	13	indexes.financial	indexes.financial	PROPN
fsr-3917	301	14	analysts	analyst	NOUN
fsr-3917	301	15	journal	journal	NOUN
fsr-3917	301	16	,	,	PUNCT
fsr-3917	301	17	48,80–83	48,80–83	NUM
fsr-3917	301	18	.	.	PUNCT
fsr-3917	302	1	157a.l	157a.l	NUM
fsr-3917	302	2	.	.	PUNCT
fsr-3917	303	1	loviscek	loviscek	NOUN
fsr-3917	303	2	,	,	PUNCT
fsr-3917	303	3	w.j	w.j	PROPN
fsr-3917	303	4	.	.	PROPN
fsr-3917	303	5	jordan	jordan	PROPN
fsr-3917	303	6	/	/	SYM
fsr-3917	303	7	financial	financial	ADJ
fsr-3917	303	8	services	service	NOUN
fsr-3917	303	9	review	review	VERB
fsr-3917	303	10	9	9	NUM
fsr-3917	303	11	(	(	PUNCT
fsr-3917	303	12	2000	2000	NUM
fsr-3917	303	13	)	)	PUNCT
fsr-3917	304	1	145–157	145–157	NUM