id	sid	tid	token	lemma	pos
fsr-3926	1	1	pii	pii	PROPN
fsr-3926	1	2	:	:	PUNCT
fsr-3926	1	3	s1057	s1057	NOUN
fsr-3926	1	4	-	-	PUNCT
fsr-3926	1	5	0810(00)00066	0810(00)00066	NUM
fsr-3926	1	6	-	-	PUNCT
fsr-3926	1	7	4	4	NUM
fsr-3926	1	8	performance	performance	NOUN
fsr-3926	1	9	persistence	persistence	NOUN
fsr-3926	1	10	and	and	CCONJ
fsr-3926	1	11	management	management	NOUN
fsr-3926	1	12	skill	skill	NOUN
fsr-3926	1	13	in	in	ADP
fsr-3926	1	14	nonconventional	nonconventional	ADJ
fsr-3926	1	15	bond	bond	NOUN
fsr-3926	1	16	mutual	mutual	ADJ
fsr-3926	1	17	funds	fund	NOUN
fsr-3926	1	18	james	james	PROPN
fsr-3926	1	19	philpota	philpota	PROPN
fsr-3926	1	20	,	,	PUNCT
fsr-3926	1	21	douglas	douglas	PROPN
fsr-3926	1	22	hearthb	hearthb	PROPN
fsr-3926	1	23	,	,	PUNCT
fsr-3926	1	24	*	*	PROPN
fsr-3926	1	25	,	,	PUNCT
fsr-3926	1	26	james	james	PROPN
fsr-3926	1	27	rimbeyb	rimbeyb	PROPN
fsr-3926	1	28	afrank	afrank	PROPN
fsr-3926	1	29	d.	d.	PROPN
fsr-3926	1	30	hickingbotham	hickingbotham	PROPN
fsr-3926	1	31	school	school	NOUN
fsr-3926	1	32	of	of	ADP
fsr-3926	1	33	business	business	NOUN
fsr-3926	1	34	,	,	PUNCT
fsr-3926	1	35	ouachita	ouachita	PROPN
fsr-3926	1	36	baptist	baptist	PROPN
fsr-3926	1	37	university	university	PROPN
fsr-3926	1	38	,	,	PUNCT
fsr-3926	1	39	arkadelphia	arkadelphia	PROPN
fsr-3926	1	40	,	,	PUNCT
fsr-3926	1	41	ar	ar	PROPN
fsr-3926	1	42	71998	71998	NUM
fsr-3926	1	43	,	,	PUNCT
fsr-3926	1	44	usa	usa	PROPN
fsr-3926	1	45	bdepartment	bdepartment	PROPN
fsr-3926	1	46	of	of	ADP
fsr-3926	1	47	finance	finance	NOUN
fsr-3926	1	48	,	,	PUNCT
fsr-3926	1	49	sam	sam	PROPN
fsr-3926	1	50	m.	m.	PROPN
fsr-3926	1	51	walton	walton	PROPN
fsr-3926	1	52	college	college	PROPN
fsr-3926	1	53	of	of	ADP
fsr-3926	1	54	business	business	PROPN
fsr-3926	1	55	administration	administration	PROPN
fsr-3926	1	56	,	,	PUNCT
fsr-3926	1	57	university	university	NOUN
fsr-3926	1	58	of	of	ADP
fsr-3926	1	59	arkansas	arkansas	PROPN
fsr-3926	1	60	,	,	PUNCT
fsr-3926	1	61	fayetteville	fayetteville	PROPN
fsr-3926	1	62	,	,	PUNCT
fsr-3926	1	63	ar	ar	PROPN
fsr-3926	1	64	72701	72701	NUM
fsr-3926	1	65	,	,	PUNCT
fsr-3926	1	66	usa	usa	PROPN
fsr-3926	1	67	received	receive	VERB
fsr-3926	1	68	18	18	NUM
fsr-3926	1	69	july	july	PROPN
fsr-3926	1	70	2000	2000	NUM
fsr-3926	1	71	;	;	PUNCT
fsr-3926	1	72	received	receive	VERB
fsr-3926	1	73	in	in	ADP
fsr-3926	1	74	revised	revise	VERB
fsr-3926	1	75	form	form	NOUN
fsr-3926	1	76	9	9	NUM
fsr-3926	1	77	october	october	NOUN
fsr-3926	1	78	2000	2000	NUM
fsr-3926	1	79	;	;	PUNCT
fsr-3926	1	80	accepted	accept	VERB
fsr-3926	1	81	21	21	NUM
fsr-3926	1	82	november	november	PROPN
fsr-3926	1	83	2000	2000	NUM
fsr-3926	1	84	abstract	abstract	ADJ
fsr-3926	1	85	recent	recent	ADJ
fsr-3926	1	86	empirical	empirical	ADJ
fsr-3926	1	87	research	research	NOUN
fsr-3926	1	88	has	have	AUX
fsr-3926	1	89	identified	identify	VERB
fsr-3926	1	90	a	a	DET
fsr-3926	1	91	tendency	tendency	NOUN
fsr-3926	1	92	for	for	SCONJ
fsr-3926	1	93	equity	equity	NOUN
fsr-3926	1	94	mutual	mutual	ADJ
fsr-3926	1	95	funds	fund	NOUN
fsr-3926	1	96	to	to	PART
fsr-3926	1	97	provide	provide	VERB
fsr-3926	1	98	consistent	consistent	ADJ
fsr-3926	1	99	performance	performance	NOUN
fsr-3926	1	100	relative	relative	ADJ
fsr-3926	1	101	to	to	ADP
fsr-3926	1	102	other	other	ADJ
fsr-3926	1	103	funds	fund	NOUN
fsr-3926	1	104	over	over	ADP
fsr-3926	1	105	time	time	NOUN
fsr-3926	1	106	.	.	PUNCT
fsr-3926	2	1	studies	study	NOUN
fsr-3926	2	2	of	of	ADP
fsr-3926	2	3	bond	bond	NOUN
fsr-3926	2	4	funds	fund	NOUN
fsr-3926	2	5	have	have	AUX
fsr-3926	2	6	centered	center	VERB
fsr-3926	2	7	around	around	ADP
fsr-3926	2	8	investment	investment	NOUN
fsr-3926	2	9	grade	grade	NOUN
fsr-3926	2	10	,	,	PUNCT
fsr-3926	2	11	straight	straight	ADJ
fsr-3926	2	12	bonds	bond	NOUN
fsr-3926	2	13	and	and	CCONJ
fsr-3926	2	14	have	have	AUX
fsr-3926	2	15	concluded	conclude	VERB
fsr-3926	2	16	that	that	SCONJ
fsr-3926	2	17	fund	fund	NOUN
fsr-3926	2	18	managers	manager	NOUN
fsr-3926	2	19	outperform	outperform	VERB
fsr-3926	2	20	indexes	index	NOUN
fsr-3926	2	21	on	on	ADP
fsr-3926	2	22	a	a	DET
fsr-3926	2	23	gross	gross	ADJ
fsr-3926	2	24	(	(	PUNCT
fsr-3926	2	25	although	although	SCONJ
fsr-3926	2	26	not	not	PART
fsr-3926	2	27	net	net	ADJ
fsr-3926	2	28	)	)	PUNCT
fsr-3926	2	29	basis	basis	NOUN
fsr-3926	2	30	,	,	PUNCT
fsr-3926	2	31	but	but	CCONJ
fsr-3926	2	32	that	that	DET
fsr-3926	2	33	performance	performance	NOUN
fsr-3926	2	34	is	be	AUX
fsr-3926	2	35	hampered	hamper	VERB
fsr-3926	2	36	by	by	ADP
fsr-3926	2	37	high	high	ADJ
fsr-3926	2	38	expense	expense	NOUN
fsr-3926	2	39	levels	level	NOUN
fsr-3926	2	40	.	.	PUNCT
fsr-3926	3	1	we	we	PRON
fsr-3926	3	2	examine	examine	VERB
fsr-3926	3	3	nonconventional	nonconventional	ADJ
fsr-3926	3	4	bond	bond	NOUN
fsr-3926	3	5	funds	fund	NOUN
fsr-3926	3	6	(	(	PUNCT
fsr-3926	3	7	high	high	ADJ
fsr-3926	3	8	-	-	PUNCT
fsr-3926	3	9	yield	yield	NOUN
fsr-3926	3	10	bonds	bond	NOUN
fsr-3926	3	11	,	,	PUNCT
fsr-3926	3	12	global	global	ADJ
fsr-3926	3	13	issues	issue	NOUN
fsr-3926	3	14	and	and	CCONJ
fsr-3926	3	15	convertible	convertible	ADJ
fsr-3926	3	16	bonds	bond	NOUN
fsr-3926	3	17	)	)	PUNCT
fsr-3926	3	18	and	and	CCONJ
fsr-3926	3	19	find	find	VERB
fsr-3926	3	20	that	that	SCONJ
fsr-3926	3	21	short	short	ADJ
fsr-3926	3	22	-	-	PUNCT
fsr-3926	3	23	term	term	NOUN
fsr-3926	3	24	performance	performance	NOUN
fsr-3926	3	25	persistence	persistence	NOUN
fsr-3926	3	26	is	be	AUX
fsr-3926	3	27	present	present	ADJ
fsr-3926	3	28	,	,	PUNCT
fsr-3926	3	29	but	but	CCONJ
fsr-3926	3	30	limited	limit	VERB
fsr-3926	3	31	to	to	ADP
fsr-3926	3	32	the	the	DET
fsr-3926	3	33	high	high	ADJ
fsr-3926	3	34	-	-	PUNCT
fsr-3926	3	35	yield	yield	NOUN
fsr-3926	3	36	bond	bond	NOUN
fsr-3926	3	37	subsample	subsample	NOUN
fsr-3926	3	38	.	.	PUNCT
fsr-3926	4	1	fund	fund	NOUN
fsr-3926	4	2	managers	manager	NOUN
fsr-3926	4	3	are	be	AUX
fsr-3926	4	4	unable	unable	ADJ
fsr-3926	4	5	to	to	PART
fsr-3926	4	6	distinguish	distinguish	VERB
fsr-3926	4	7	themselves	themselves	PRON
fsr-3926	4	8	in	in	ADP
fsr-3926	4	9	the	the	DET
fsr-3926	4	10	long	long	ADJ
fsr-3926	4	11	term	term	NOUN
fsr-3926	4	12	,	,	PUNCT
fsr-3926	4	13	despite	despite	SCONJ
fsr-3926	4	14	the	the	DET
fsr-3926	4	15	diverse	diverse	ADJ
fsr-3926	4	16	nature	nature	NOUN
fsr-3926	4	17	of	of	ADP
fsr-3926	4	18	the	the	DET
fsr-3926	4	19	funds	fund	NOUN
fsr-3926	4	20	they	they	PRON
fsr-3926	4	21	oversee	oversee	VERB
fsr-3926	4	22	.	.	PUNCT
fsr-3926	5	1	©	©	PROPN
fsr-3926	5	2	2001	2001	NUM
fsr-3926	5	3	elsevier	elsevier	PROPN
fsr-3926	5	4	science	science	PROPN
fsr-3926	5	5	inc	inc	PROPN
fsr-3926	5	6	.	.	PUNCT
fsr-3926	6	1	all	all	DET
fsr-3926	6	2	rights	right	NOUN
fsr-3926	6	3	reserved	reserve	VERB
fsr-3926	6	4	.	.	PUNCT
fsr-3926	7	1	jel	jel	PROPN
fsr-3926	7	2	classification	classification	NOUN
fsr-3926	7	3	:	:	PUNCT
fsr-3926	7	4	g2	g2	PROPN
fsr-3926	7	5	/	/	SYM
fsr-3926	7	6	g29	g29	ADJ
fsr-3926	7	7	keywords	keyword	NOUN
fsr-3926	7	8	:	:	PUNCT
fsr-3926	7	9	mutual	mutual	ADJ
fsr-3926	7	10	fund	fund	NOUN
fsr-3926	7	11	performance	performance	NOUN
fsr-3926	7	12	;	;	PUNCT
fsr-3926	7	13	non	non	ADJ
fsr-3926	7	14	-	-	ADJ
fsr-3926	7	15	conventional	conventional	ADJ
fsr-3926	7	16	bond	bond	NOUN
fsr-3926	7	17	funds	fund	NOUN
fsr-3926	7	18	1	1	NUM
fsr-3926	7	19	.	.	PUNCT
fsr-3926	8	1	introduction	introduction	NOUN
fsr-3926	8	2	mutual	mutual	ADJ
fsr-3926	8	3	fund	fund	NOUN
fsr-3926	8	4	relative	relative	ADJ
fsr-3926	8	5	performance	performance	NOUN
fsr-3926	8	6	persistence	persistence	NOUN
fsr-3926	8	7	and	and	CCONJ
fsr-3926	8	8	management	management	NOUN
fsr-3926	8	9	effectiveness	effectiveness	NOUN
fsr-3926	8	10	are	be	AUX
fsr-3926	8	11	controversial	controversial	ADJ
fsr-3926	8	12	and	and	CCONJ
fsr-3926	8	13	popular	popular	ADJ
fsr-3926	8	14	topics	topic	NOUN
fsr-3926	8	15	in	in	ADP
fsr-3926	8	16	the	the	DET
fsr-3926	8	17	finance	finance	NOUN
fsr-3926	8	18	literature	literature	NOUN
fsr-3926	8	19	.	.	PUNCT
fsr-3926	9	1	several	several	ADJ
fsr-3926	9	2	empirical	empirical	ADJ
fsr-3926	9	3	studies	study	NOUN
fsr-3926	9	4	identify	identify	VERB
fsr-3926	9	5	a	a	DET
fsr-3926	9	6	tendency	tendency	NOUN
fsr-3926	9	7	for	for	SCONJ
fsr-3926	9	8	mutual	mutual	ADJ
fsr-3926	9	9	funds	fund	NOUN
fsr-3926	9	10	to	to	PART
fsr-3926	9	11	provide	provide	VERB
fsr-3926	9	12	consistent	consistent	ADJ
fsr-3926	9	13	returns	return	NOUN
fsr-3926	9	14	performance	performance	NOUN
fsr-3926	9	15	over	over	ADP
fsr-3926	9	16	time	time	NOUN
fsr-3926	9	17	relative	relative	ADJ
fsr-3926	9	18	to	to	ADP
fsr-3926	9	19	*	*	PUNCT
fsr-3926	9	20	corresponding	correspond	VERB
fsr-3926	9	21	author	author	NOUN
fsr-3926	9	22	.	.	PUNCT
fsr-3926	10	1	tel.:11	tel.:11	VERB
fsr-3926	10	2	-	-	PUNCT
fsr-3926	10	3	501	501	NUM
fsr-3926	10	4	-	-	PUNCT
fsr-3926	10	5	575	575	NUM
fsr-3926	10	6	-	-	PUNCT
fsr-3926	10	7	4505	4505	NUM
fsr-3926	10	8	;	;	PUNCT
fsr-3926	10	9	fax:11	fax:11	NOUN
fsr-3926	10	10	-	-	PUNCT
fsr-3926	10	11	501	501	NUM
fsr-3926	10	12	-	-	PUNCT
fsr-3926	10	13	575	575	NUM
fsr-3926	10	14	-	-	PUNCT
fsr-3926	10	15	8407	8407	NUM
fsr-3926	10	16	.	.	PUNCT
fsr-3926	11	1	e	e	X
fsr-3926	11	2	-	-	NOUN
fsr-3926	11	3	mail	mail	NOUN
fsr-3926	11	4	addresses:dhearth@walton.uark.edu	addresses:dhearth@walton.uark.edu	PROPN
fsr-3926	11	5	(	(	PUNCT
fsr-3926	11	6	d.	d.	PROPN
fsr-3926	11	7	hearth	hearth	PROPN
fsr-3926	11	8	)	)	PUNCT
fsr-3926	11	9	,	,	PUNCT
fsr-3926	11	10	jphilpot@alpha.obu.edu	jphilpot@alpha.obu.edu	PROPN
fsr-3926	11	11	(	(	PUNCT
fsr-3926	11	12	j.	j.	PROPN
fsr-3926	11	13	philpot	philpot	PROPN
fsr-3926	11	14	)	)	PUNCT
fsr-3926	11	15	,	,	PUNCT
fsr-3926	11	16	jrimbey@	jrimbey@	PROPN
fsr-3926	11	17	walton.uark.edu	walton.uark.edu	PROPN
fsr-3926	11	18	(	(	PUNCT
fsr-3926	11	19	j.	j.	PROPN
fsr-3926	11	20	rimbey	rimbey	PROPN
fsr-3926	11	21	)	)	PUNCT
fsr-3926	11	22	.	.	PUNCT
fsr-3926	12	1	financial	financial	ADJ
fsr-3926	12	2	services	service	NOUN
fsr-3926	12	3	review	review	VERB
fsr-3926	12	4	9	9	NUM
fsr-3926	12	5	(	(	PUNCT
fsr-3926	12	6	2000	2000	NUM
fsr-3926	12	7	)	)	PUNCT
fsr-3926	13	1	247–258	247–258	NUM
fsr-3926	13	2	1057	1057	NUM
fsr-3926	13	3	-	-	SYM
fsr-3926	13	4	0810/00/$	0810/00/$	NUM
fsr-3926	13	5	–	–	PUNCT
fsr-3926	13	6	see	see	VERB
fsr-3926	13	7	front	front	ADJ
fsr-3926	13	8	matter	matter	NOUN
fsr-3926	13	9	©	©	PROPN
fsr-3926	13	10	2001	2001	NUM
fsr-3926	13	11	elsevier	elsevier	PROPN
fsr-3926	13	12	science	science	PROPN
fsr-3926	13	13	inc	inc	PROPN
fsr-3926	13	14	.	.	PUNCT
fsr-3926	14	1	all	all	DET
fsr-3926	14	2	rights	right	NOUN
fsr-3926	14	3	reserved	reserve	VERB
fsr-3926	14	4	.	.	PUNCT
fsr-3926	15	1	pii	pii	NOUN
fsr-3926	15	2	:	:	PUNCT
fsr-3926	15	3	s1057	s1057	NOUN
fsr-3926	15	4	-	-	PUNCT
fsr-3926	15	5	0810(00)00066	0810(00)00066	NOUN
fsr-3926	15	6	-	-	PUNCT
fsr-3926	15	7	4	4	NUM
fsr-3926	15	8	other	other	ADJ
fsr-3926	15	9	funds	fund	NOUN
fsr-3926	15	10	(	(	PUNCT
fsr-3926	15	11	e.g.	e.g.	ADV
fsr-3926	15	12	,	,	PUNCT
fsr-3926	15	13	grinblatt	grinblatt	NOUN
fsr-3926	15	14	and	and	CCONJ
fsr-3926	15	15	titman	titman	NOUN
fsr-3926	15	16	,	,	PUNCT
fsr-3926	15	17	1992	1992	NUM
fsr-3926	15	18	,	,	PUNCT
fsr-3926	15	19	hendricks	hendrick	NOUN
fsr-3926	15	20	et	et	PROPN
fsr-3926	15	21	al	al	PROPN
fsr-3926	15	22	.	.	PROPN
fsr-3926	15	23	,	,	PUNCT
fsr-3926	15	24	1993	1993	NUM
fsr-3926	15	25	,	,	PUNCT
fsr-3926	15	26	brown	brown	ADJ
fsr-3926	15	27	and	and	CCONJ
fsr-3926	15	28	goetzmann	goetzmann	PROPN
fsr-3926	15	29	,	,	PUNCT
fsr-3926	15	30	1995	1995	NUM
fsr-3926	15	31	)	)	PUNCT
fsr-3926	15	32	.	.	PUNCT
fsr-3926	16	1	although	although	SCONJ
fsr-3926	16	2	research	research	NOUN
fsr-3926	16	3	(	(	PUNCT
fsr-3926	16	4	hendricks	hendrick	NOUN
fsr-3926	16	5	and	and	CCONJ
fsr-3926	16	6	patel	patel	NOUN
fsr-3926	16	7	,	,	PUNCT
fsr-3926	16	8	1997	1997	NUM
fsr-3926	16	9	,	,	PUNCT
fsr-3926	16	10	brown	brown	NOUN
fsr-3926	16	11	and	and	CCONJ
fsr-3926	16	12	goetzmann	goetzmann	PROPN
fsr-3926	16	13	,	,	PUNCT
fsr-3926	16	14	1997	1997	NUM
fsr-3926	16	15	)	)	PUNCT
fsr-3926	16	16	has	have	VERB
fsr-3926	16	17	yet	yet	ADV
fsr-3926	16	18	to	to	PART
fsr-3926	16	19	establish	establish	VERB
fsr-3926	16	20	whether	whether	SCONJ
fsr-3926	16	21	the	the	DET
fsr-3926	16	22	persistence	persistence	NOUN
fsr-3926	16	23	phenomenon	phenomenon	NOUN
fsr-3926	16	24	is	be	AUX
fsr-3926	16	25	the	the	DET
fsr-3926	16	26	result	result	NOUN
fsr-3926	16	27	of	of	ADP
fsr-3926	16	28	management	management	NOUN
fsr-3926	16	29	skill	skill	NOUN
fsr-3926	16	30	or	or	CCONJ
fsr-3926	16	31	biases	bias	NOUN
fsr-3926	16	32	in	in	ADP
fsr-3926	16	33	the	the	DET
fsr-3926	16	34	data	datum	NOUN
fsr-3926	16	35	,	,	PUNCT
fsr-3926	16	36	gruber	gruber	PROPN
fsr-3926	16	37	(	(	PUNCT
fsr-3926	16	38	1996	1996	NUM
fsr-3926	16	39	)	)	PUNCT
fsr-3926	16	40	shows	show	VERB
fsr-3926	16	41	that	that	SCONJ
fsr-3926	16	42	investors	investor	NOUN
fsr-3926	16	43	who	who	PRON
fsr-3926	16	44	“	"	PUNCT
fsr-3926	16	45	chase	chase	VERB
fsr-3926	16	46	past	past	ADJ
fsr-3926	16	47	performance	performance	NOUN
fsr-3926	16	48	”	"	PUNCT
fsr-3926	16	49	are	be	AUX
fsr-3926	16	50	rational	rational	ADJ
fsr-3926	16	51	wealth	wealth	NOUN
fsr-3926	16	52	maximizers	maximizer	NOUN
fsr-3926	16	53	.	.	PUNCT
fsr-3926	17	1	the	the	DET
fsr-3926	17	2	preponderance	preponderance	NOUN
fsr-3926	17	3	of	of	ADP
fsr-3926	17	4	mutual	mutual	ADJ
fsr-3926	17	5	fund	fund	NOUN
fsr-3926	17	6	studies	study	NOUN
fsr-3926	17	7	either	either	CCONJ
fsr-3926	17	8	sample	sample	VERB
fsr-3926	17	9	all	all	DET
fsr-3926	17	10	mutual	mutual	ADJ
fsr-3926	17	11	fund	fund	NOUN
fsr-3926	17	12	types	type	NOUN
fsr-3926	17	13	or	or	CCONJ
fsr-3926	17	14	focus	focus	VERB
fsr-3926	17	15	solely	solely	ADV
fsr-3926	17	16	on	on	ADP
fsr-3926	17	17	equity	equity	NOUN
fsr-3926	17	18	mutual	mutual	ADJ
fsr-3926	17	19	funds	fund	NOUN
fsr-3926	17	20	.	.	PUNCT
fsr-3926	18	1	the	the	DET
fsr-3926	18	2	study	study	NOUN
fsr-3926	18	3	of	of	ADP
fsr-3926	18	4	bond	bond	NOUN
fsr-3926	18	5	mutual	mutual	ADJ
fsr-3926	18	6	funds	fund	NOUN
fsr-3926	18	7	as	as	ADP
fsr-3926	18	8	a	a	DET
fsr-3926	18	9	separate	separate	ADJ
fsr-3926	18	10	group	group	NOUN
fsr-3926	18	11	has	have	AUX
fsr-3926	18	12	been	be	AUX
fsr-3926	18	13	limited	limit	VERB
fsr-3926	18	14	,	,	PUNCT
fsr-3926	18	15	largely	largely	ADV
fsr-3926	18	16	because	because	SCONJ
fsr-3926	18	17	of	of	ADP
fsr-3926	18	18	(	(	PUNCT
fsr-3926	18	19	until	until	ADP
fsr-3926	18	20	recently	recently	ADV
fsr-3926	18	21	)	)	PUNCT
fsr-3926	18	22	limited	limited	ADJ
fsr-3926	18	23	sample	sample	NOUN
fsr-3926	18	24	size	size	NOUN
fsr-3926	18	25	.	.	PUNCT
fsr-3926	19	1	those	those	DET
fsr-3926	19	2	studies	study	NOUN
fsr-3926	19	3	that	that	PRON
fsr-3926	19	4	have	have	AUX
fsr-3926	19	5	examined	examine	VERB
fsr-3926	19	6	the	the	DET
fsr-3926	19	7	performance	performance	NOUN
fsr-3926	19	8	of	of	ADP
fsr-3926	19	9	investment	investment	NOUN
fsr-3926	19	10	grade	grade	NOUN
fsr-3926	19	11	,	,	PUNCT
fsr-3926	19	12	straight	straight	ADJ
fsr-3926	19	13	bond	bond	NOUN
fsr-3926	19	14	mutual	mutual	ADJ
fsr-3926	19	15	funds	fund	NOUN
fsr-3926	19	16	have	have	AUX
fsr-3926	19	17	found	find	VERB
fsr-3926	19	18	that	that	SCONJ
fsr-3926	19	19	:	:	PUNCT
fsr-3926	19	20	(	(	PUNCT
fsr-3926	19	21	1	1	X
fsr-3926	19	22	)	)	PUNCT
fsr-3926	19	23	these	these	DET
fsr-3926	19	24	funds	fund	NOUN
fsr-3926	19	25	in	in	ADP
fsr-3926	19	26	the	the	DET
fsr-3926	19	27	aggregate	aggregate	ADJ
fsr-3926	19	28	outperform	outperform	ADJ
fsr-3926	19	29	appropriate	appropriate	ADJ
fsr-3926	19	30	indexes	index	NOUN
fsr-3926	19	31	on	on	ADP
fsr-3926	19	32	a	a	DET
fsr-3926	19	33	gross	gross	ADJ
fsr-3926	19	34	,	,	PUNCT
fsr-3926	19	35	but	but	CCONJ
fsr-3926	19	36	not	not	PART
fsr-3926	19	37	net	net	ADJ
fsr-3926	19	38	,	,	PUNCT
fsr-3926	19	39	basis	basis	NOUN
fsr-3926	19	40	(	(	PUNCT
fsr-3926	19	41	gudikunst	gudikunst	NOUN
fsr-3926	19	42	and	and	CCONJ
fsr-3926	19	43	mccarthy	mccarthy	NOUN
fsr-3926	19	44	,	,	PUNCT
fsr-3926	19	45	1992	1992	NUM
fsr-3926	19	46	)	)	PUNCT
fsr-3926	19	47	;	;	PUNCT
fsr-3926	19	48	and	and	CCONJ
fsr-3926	19	49	(	(	PUNCT
fsr-3926	19	50	2	2	X
fsr-3926	19	51	)	)	PUNCT
fsr-3926	19	52	bond	bond	NOUN
fsr-3926	19	53	fund	fund	NOUN
fsr-3926	19	54	performance	performance	NOUN
fsr-3926	19	55	is	be	AUX
fsr-3926	19	56	hampered	hamper	VERB
fsr-3926	19	57	by	by	ADP
fsr-3926	19	58	high	high	ADJ
fsr-3926	19	59	expenses	expense	NOUN
fsr-3926	19	60	and	and	CCONJ
fsr-3926	19	61	not	not	PART
fsr-3926	19	62	correlated	correlate	VERB
fsr-3926	19	63	with	with	ADP
fsr-3926	19	64	prior	prior	ADJ
fsr-3926	19	65	returns	return	NOUN
fsr-3926	19	66	(	(	PUNCT
fsr-3926	19	67	blake	blake	NOUN
fsr-3926	19	68	et	et	PROPN
fsr-3926	19	69	al	al	PROPN
fsr-3926	19	70	.	.	PROPN
fsr-3926	19	71	,	,	PUNCT
fsr-3926	19	72	1993	1993	NUM
fsr-3926	19	73	,	,	PUNCT
fsr-3926	19	74	philpot	philpot	PROPN
fsr-3926	19	75	et	et	PROPN
fsr-3926	19	76	al	al	PROPN
fsr-3926	19	77	.	.	PROPN
fsr-3926	19	78	,	,	PUNCT
fsr-3926	19	79	1998	1998	NUM
fsr-3926	19	80	)	)	PUNCT
fsr-3926	19	81	.	.	PUNCT
fsr-3926	20	1	the	the	DET
fsr-3926	20	2	study	study	NOUN
fsr-3926	20	3	of	of	ADP
fsr-3926	20	4	nonconventional	nonconventional	ADJ
fsr-3926	20	5	bond	bond	NOUN
fsr-3926	20	6	mutual	mutual	ADJ
fsr-3926	20	7	fund	fund	NOUN
fsr-3926	20	8	performance	performance	NOUN
fsr-3926	20	9	has	have	AUX
fsr-3926	20	10	been	be	AUX
fsr-3926	20	11	limited	limit	VERB
fsr-3926	20	12	,	,	PUNCT
fsr-3926	20	13	with	with	ADP
fsr-3926	20	14	results	result	NOUN
fsr-3926	20	15	to	to	ADP
fsr-3926	20	16	date	date	NOUN
fsr-3926	20	17	indicating	indicate	VERB
fsr-3926	20	18	that	that	SCONJ
fsr-3926	20	19	high	high	ADJ
fsr-3926	20	20	-	-	PUNCT
fsr-3926	20	21	yield	yield	NOUN
fsr-3926	20	22	bond	bond	NOUN
fsr-3926	20	23	mutual	mutual	ADJ
fsr-3926	20	24	funds	fund	NOUN
fsr-3926	20	25	do	do	AUX
fsr-3926	20	26	not	not	PART
fsr-3926	20	27	outperform	outperform	VERB
fsr-3926	20	28	relevant	relevant	ADJ
fsr-3926	20	29	indexes	index	NOUN
fsr-3926	20	30	(	(	PUNCT
fsr-3926	20	31	gudikunst	gudikunst	NOUN
fsr-3926	20	32	and	and	CCONJ
fsr-3926	20	33	mccarthy	mccarthy	NOUN
fsr-3926	20	34	,	,	PUNCT
fsr-3926	20	35	1992	1992	NUM
fsr-3926	20	36	)	)	PUNCT
fsr-3926	20	37	.	.	PUNCT
fsr-3926	21	1	we	we	PRON
fsr-3926	21	2	extend	extend	VERB
fsr-3926	21	3	current	current	ADJ
fsr-3926	21	4	knowledge	knowledge	NOUN
fsr-3926	21	5	by	by	ADP
fsr-3926	21	6	examining	examine	VERB
fsr-3926	21	7	management	management	NOUN
fsr-3926	21	8	skill	skill	NOUN
fsr-3926	21	9	in	in	ADP
fsr-3926	21	10	managing	manage	VERB
fsr-3926	21	11	nonconventional	nonconventional	ADJ
fsr-3926	21	12	bond	bond	NOUN
fsr-3926	21	13	mutual	mutual	ADJ
fsr-3926	21	14	funds	fund	NOUN
fsr-3926	21	15	,	,	PUNCT
fsr-3926	21	16	defined	define	VERB
fsr-3926	21	17	as	as	ADP
fsr-3926	21	18	speculative	speculative	ADJ
fsr-3926	21	19	grade	grade	NOUN
fsr-3926	21	20	,	,	PUNCT
fsr-3926	21	21	global	global	ADJ
fsr-3926	21	22	or	or	CCONJ
fsr-3926	21	23	convertible	convertible	ADJ
fsr-3926	21	24	bond	bond	NOUN
fsr-3926	21	25	funds	fund	NOUN
fsr-3926	21	26	,	,	PUNCT
fsr-3926	21	27	using	use	VERB
fsr-3926	21	28	a	a	DET
fsr-3926	21	29	performance	performance	NOUN
fsr-3926	21	30	persistence	persistence	NOUN
fsr-3926	21	31	and	and	CCONJ
fsr-3926	21	32	performance	performance	NOUN
fsr-3926	21	33	-	-	PUNCT
fsr-3926	21	34	related	relate	VERB
fsr-3926	21	35	variables	variable	NOUN
fsr-3926	21	36	approach	approach	NOUN
fsr-3926	21	37	.	.	PUNCT
fsr-3926	22	1	we	we	PRON
fsr-3926	22	2	find	find	VERB
fsr-3926	22	3	that	that	SCONJ
fsr-3926	22	4	relative	relative	ADJ
fsr-3926	22	5	performance	performance	NOUN
fsr-3926	22	6	persistence	persistence	NOUN
fsr-3926	22	7	is	be	AUX
fsr-3926	22	8	at	at	ADP
fsr-3926	22	9	best	good	ADJ
fsr-3926	22	10	a	a	DET
fsr-3926	22	11	short	short	ADJ
fsr-3926	22	12	-	-	PUNCT
fsr-3926	22	13	run	run	NOUN
fsr-3926	22	14	phenomenon	phenomenon	NOUN
fsr-3926	22	15	limited	limit	VERB
fsr-3926	22	16	to	to	ADP
fsr-3926	22	17	our	our	PRON
fsr-3926	22	18	high	high	ADJ
fsr-3926	22	19	-	-	PUNCT
fsr-3926	22	20	yield	yield	NOUN
fsr-3926	22	21	bond	bond	NOUN
fsr-3926	22	22	fund	fund	NOUN
fsr-3926	22	23	sample	sample	NOUN
fsr-3926	22	24	.	.	PUNCT
fsr-3926	23	1	performance	performance	NOUN
fsr-3926	23	2	persistence	persistence	NOUN
fsr-3926	23	3	is	be	AUX
fsr-3926	23	4	no	no	PRON
fsr-3926	23	5	more	more	ADV
fsr-3926	23	6	likely	likely	ADJ
fsr-3926	23	7	among	among	ADP
fsr-3926	23	8	funds	fund	NOUN
fsr-3926	23	9	that	that	PRON
fsr-3926	23	10	had	have	VERB
fsr-3926	23	11	no	no	DET
fsr-3926	23	12	changes	change	NOUN
fsr-3926	23	13	in	in	ADP
fsr-3926	23	14	management	management	NOUN
fsr-3926	23	15	than	than	ADP
fsr-3926	23	16	in	in	ADP
fsr-3926	23	17	funds	fund	NOUN
fsr-3926	23	18	that	that	PRON
fsr-3926	23	19	changed	change	VERB
fsr-3926	23	20	managers	manager	NOUN
fsr-3926	23	21	during	during	ADP
fsr-3926	23	22	the	the	DET
fsr-3926	23	23	sample	sample	NOUN
fsr-3926	23	24	period	period	NOUN
fsr-3926	23	25	.	.	PUNCT
fsr-3926	24	1	further	far	ADV
fsr-3926	24	2	,	,	PUNCT
fsr-3926	24	3	among	among	ADP
fsr-3926	24	4	high	high	ADJ
fsr-3926	24	5	-	-	PUNCT
fsr-3926	24	6	yield	yield	NOUN
fsr-3926	24	7	bond	bond	NOUN
fsr-3926	24	8	funds	fund	NOUN
fsr-3926	24	9	,	,	PUNCT
fsr-3926	24	10	risk	risk	NOUN
fsr-3926	24	11	-	-	PUNCT
fsr-3926	24	12	adjusted	adjust	VERB
fsr-3926	24	13	performance	performance	NOUN
fsr-3926	24	14	is	be	AUX
fsr-3926	24	15	inversely	inversely	ADV
fsr-3926	24	16	related	relate	VERB
fsr-3926	24	17	to	to	ADP
fsr-3926	24	18	portfolio	portfolio	NOUN
fsr-3926	24	19	turnover	turnover	NOUN
fsr-3926	24	20	.	.	PUNCT
fsr-3926	25	1	2	2	X
fsr-3926	25	2	.	.	X
fsr-3926	25	3	management	management	NOUN
fsr-3926	25	4	effectiveness	effectiveness	NOUN
fsr-3926	25	5	and	and	CCONJ
fsr-3926	25	6	determinants	determinant	NOUN
fsr-3926	25	7	of	of	ADP
fsr-3926	25	8	performance	performance	NOUN
fsr-3926	25	9	the	the	DET
fsr-3926	25	10	existence	existence	NOUN
fsr-3926	25	11	of	of	ADP
fsr-3926	25	12	a	a	DET
fsr-3926	25	13	consistent	consistent	ADJ
fsr-3926	25	14	skill	skill	NOUN
fsr-3926	25	15	level	level	NOUN
fsr-3926	25	16	among	among	ADP
fsr-3926	25	17	conventional	conventional	ADJ
fsr-3926	25	18	bond	bond	NOUN
fsr-3926	25	19	mutual	mutual	ADJ
fsr-3926	25	20	fund	fund	NOUN
fsr-3926	25	21	managers	manager	NOUN
fsr-3926	25	22	has	have	AUX
fsr-3926	25	23	been	be	AUX
fsr-3926	25	24	evaluated	evaluate	VERB
fsr-3926	25	25	in	in	ADP
fsr-3926	25	26	several	several	ADJ
fsr-3926	25	27	ways	way	NOUN
fsr-3926	25	28	.	.	PUNCT
fsr-3926	26	1	one	one	NUM
fsr-3926	26	2	approach	approach	NOUN
fsr-3926	26	3	is	be	AUX
fsr-3926	26	4	to	to	PART
fsr-3926	26	5	compare	compare	VERB
fsr-3926	26	6	the	the	DET
fsr-3926	26	7	aggregate	aggregate	ADJ
fsr-3926	26	8	performance	performance	NOUN
fsr-3926	26	9	of	of	ADP
fsr-3926	26	10	the	the	DET
fsr-3926	26	11	mutual	mutual	ADJ
fsr-3926	26	12	fund	fund	NOUN
fsr-3926	26	13	industry	industry	NOUN
fsr-3926	26	14	or	or	CCONJ
fsr-3926	26	15	industry	industry	NOUN
fsr-3926	26	16	segment	segment	NOUN
fsr-3926	26	17	to	to	ADP
fsr-3926	26	18	the	the	DET
fsr-3926	26	19	returns	return	NOUN
fsr-3926	26	20	of	of	ADP
fsr-3926	26	21	appropriate	appropriate	ADJ
fsr-3926	26	22	market	market	NOUN
fsr-3926	26	23	indexes	index	NOUN
fsr-3926	26	24	.	.	PUNCT
fsr-3926	27	1	gudikunst	gudikunst	PROPN
fsr-3926	27	2	and	and	CCONJ
fsr-3926	27	3	mccarthy	mccarthy	PROPN
fsr-3926	27	4	(	(	PUNCT
fsr-3926	27	5	1992	1992	NUM
fsr-3926	27	6	)	)	PUNCT
fsr-3926	27	7	examine	examine	VERB
fsr-3926	27	8	the	the	DET
fsr-3926	27	9	risk	risk	NOUN
fsr-3926	27	10	and	and	CCONJ
fsr-3926	27	11	return	return	VERB
fsr-3926	27	12	characteristics	characteristic	NOUN
fsr-3926	27	13	of	of	ADP
fsr-3926	27	14	a	a	DET
fsr-3926	27	15	sample	sample	NOUN
fsr-3926	27	16	of	of	ADP
fsr-3926	27	17	25	25	NUM
fsr-3926	27	18	bond	bond	NOUN
fsr-3926	27	19	mutual	mutual	ADJ
fsr-3926	27	20	funds	fund	NOUN
fsr-3926	27	21	over	over	ADP
fsr-3926	27	22	the	the	DET
fsr-3926	27	23	time	time	NOUN
fsr-3926	27	24	period	period	NOUN
fsr-3926	27	25	1976–1989	1976–1989	NUM
fsr-3926	27	26	.	.	PUNCT
fsr-3926	28	1	they	they	PRON
fsr-3926	28	2	find	find	VERB
fsr-3926	28	3	that	that	SCONJ
fsr-3926	28	4	,	,	PUNCT
fsr-3926	28	5	on	on	ADP
fsr-3926	28	6	average	average	ADJ
fsr-3926	28	7	,	,	PUNCT
fsr-3926	28	8	the	the	DET
fsr-3926	28	9	funds	fund	NOUN
fsr-3926	28	10	in	in	ADP
fsr-3926	28	11	their	their	PRON
fsr-3926	28	12	sample	sample	NOUN
fsr-3926	28	13	provided	provide	VERB
fsr-3926	28	14	risk	risk	NOUN
fsr-3926	28	15	-	-	PUNCT
fsr-3926	28	16	adjusted	adjust	VERB
fsr-3926	28	17	gross	gross	ADJ
fsr-3926	28	18	returns	return	NOUN
fsr-3926	28	19	that	that	PRON
fsr-3926	28	20	were	be	AUX
fsr-3926	28	21	greater	great	ADJ
fsr-3926	28	22	than	than	ADP
fsr-3926	28	23	the	the	DET
fsr-3926	28	24	returns	return	NOUN
fsr-3926	28	25	to	to	ADP
fsr-3926	28	26	a	a	DET
fsr-3926	28	27	broad	broad	ADJ
fsr-3926	28	28	bond	bond	NOUN
fsr-3926	28	29	market	market	NOUN
fsr-3926	28	30	index	index	NOUN
fsr-3926	28	31	.	.	PUNCT
fsr-3926	29	1	however	however	ADV
fsr-3926	29	2	,	,	PUNCT
fsr-3926	29	3	after	after	ADP
fsr-3926	29	4	subtracting	subtract	VERB
fsr-3926	29	5	fees	fee	NOUN
fsr-3926	29	6	and	and	CCONJ
fsr-3926	29	7	expenses	expense	NOUN
fsr-3926	29	8	,	,	PUNCT
fsr-3926	29	9	the	the	DET
fsr-3926	29	10	funds	fund	NOUN
fsr-3926	29	11	’	'	PUNCT
fsr-3926	29	12	returns	return	NOUN
fsr-3926	29	13	only	only	ADV
fsr-3926	29	14	matched	match	VERB
fsr-3926	29	15	that	that	PRON
fsr-3926	29	16	of	of	ADP
fsr-3926	29	17	the	the	DET
fsr-3926	29	18	index	index	NOUN
fsr-3926	29	19	.	.	PUNCT
fsr-3926	30	1	blake	blake	PROPN
fsr-3926	30	2	et	et	PROPN
fsr-3926	30	3	al	al	PROPN
fsr-3926	30	4	.	.	PROPN
fsr-3926	31	1	(	(	PUNCT
fsr-3926	31	2	1993	1993	NUM
fsr-3926	31	3	)	)	PUNCT
fsr-3926	31	4	further	far	ADV
fsr-3926	31	5	examine	examine	VERB
fsr-3926	31	6	bond	bond	NOUN
fsr-3926	31	7	fund	fund	NOUN
fsr-3926	31	8	performance	performance	NOUN
fsr-3926	31	9	using	use	VERB
fsr-3926	31	10	a	a	DET
fsr-3926	31	11	survivorship	survivorship	NOUN
fsr-3926	31	12	bias	bias	NOUN
fsr-3926	31	13	-	-	PUNCT
fsr-3926	31	14	adjusted	adjust	VERB
fsr-3926	31	15	sample	sample	NOUN
fsr-3926	31	16	of	of	ADP
fsr-3926	31	17	41	41	NUM
fsr-3926	31	18	bond	bond	NOUN
fsr-3926	31	19	mutual	mutual	ADJ
fsr-3926	31	20	funds	fund	NOUN
fsr-3926	31	21	and	and	CCONJ
fsr-3926	31	22	a	a	DET
fsr-3926	31	23	larger	large	ADJ
fsr-3926	31	24	nonadjusted	nonadjusted	ADJ
fsr-3926	31	25	sample	sample	NOUN
fsr-3926	31	26	of	of	ADP
fsr-3926	31	27	bond	bond	NOUN
fsr-3926	31	28	funds	fund	NOUN
fsr-3926	31	29	and	and	CCONJ
fsr-3926	31	30	find	find	VERB
fsr-3926	31	31	that	that	SCONJ
fsr-3926	31	32	bond	bond	NOUN
fsr-3926	31	33	mutual	mutual	ADJ
fsr-3926	31	34	fund	fund	NOUN
fsr-3926	31	35	average	average	ADJ
fsr-3926	31	36	net	net	ADJ
fsr-3926	31	37	risk	risk	NOUN
fsr-3926	31	38	-	-	PUNCT
fsr-3926	31	39	adjusted	adjust	VERB
fsr-3926	31	40	returns	return	NOUN
fsr-3926	31	41	are	be	AUX
fsr-3926	31	42	lower	low	ADJ
fsr-3926	31	43	across	across	ADP
fsr-3926	31	44	samples	sample	NOUN
fsr-3926	31	45	and	and	CCONJ
fsr-3926	31	46	subsamples	subsample	NOUN
fsr-3926	31	47	than	than	ADP
fsr-3926	31	48	the	the	DET
fsr-3926	31	49	returns	return	NOUN
fsr-3926	31	50	to	to	ADP
fsr-3926	31	51	the	the	DET
fsr-3926	31	52	relevant	relevant	ADJ
fsr-3926	31	53	indexes	index	NOUN
fsr-3926	31	54	.	.	PUNCT
fsr-3926	32	1	another	another	DET
fsr-3926	32	2	common	common	ADJ
fsr-3926	32	3	approach	approach	NOUN
fsr-3926	32	4	is	be	AUX
fsr-3926	32	5	to	to	PART
fsr-3926	32	6	examine	examine	VERB
fsr-3926	32	7	relative	relative	ADJ
fsr-3926	32	8	fund	fund	NOUN
fsr-3926	32	9	performance	performance	NOUN
fsr-3926	32	10	persistence	persistence	NOUN
fsr-3926	32	11	through	through	ADP
fsr-3926	32	12	time	time	NOUN
fsr-3926	32	13	.	.	PUNCT
fsr-3926	33	1	while	while	SCONJ
fsr-3926	33	2	efficient	efficient	ADJ
fsr-3926	33	3	markets	market	NOUN
fsr-3926	33	4	theory	theory	NOUN
fsr-3926	33	5	predicts	predict	VERB
fsr-3926	33	6	that	that	SCONJ
fsr-3926	33	7	individual	individual	ADJ
fsr-3926	33	8	mutual	mutual	ADJ
fsr-3926	33	9	fund	fund	NOUN
fsr-3926	33	10	returns	return	NOUN
fsr-3926	33	11	will	will	AUX
fsr-3926	33	12	be	be	AUX
fsr-3926	33	13	uncorrelated	uncorrelate	VERB
fsr-3926	33	14	over	over	ADP
fsr-3926	33	15	time	time	NOUN
fsr-3926	33	16	,	,	PUNCT
fsr-3926	33	17	a	a	DET
fsr-3926	33	18	positive	positive	ADJ
fsr-3926	33	19	serial	serial	ADJ
fsr-3926	33	20	correlation	correlation	NOUN
fsr-3926	33	21	in	in	ADP
fsr-3926	33	22	individual	individual	ADJ
fsr-3926	33	23	mutual	mutual	ADJ
fsr-3926	33	24	fund	fund	NOUN
fsr-3926	33	25	returns	return	NOUN
fsr-3926	33	26	may	may	AUX
fsr-3926	33	27	indicate	indicate	VERB
fsr-3926	33	28	that	that	SCONJ
fsr-3926	33	29	mutual	mutual	ADJ
fsr-3926	33	30	fund	fund	NOUN
fsr-3926	33	31	managers	manager	NOUN
fsr-3926	33	32	are	be	AUX
fsr-3926	33	33	consistent	consistent	ADJ
fsr-3926	33	34	in	in	ADP
fsr-3926	33	35	their	their	PRON
fsr-3926	33	36	ability	ability	NOUN
fsr-3926	33	37	to	to	PART
fsr-3926	33	38	generate	generate	VERB
fsr-3926	33	39	returns	return	NOUN
fsr-3926	33	40	relative	relative	ADJ
fsr-3926	33	41	to	to	ADP
fsr-3926	33	42	their	their	PRON
fsr-3926	33	43	peers	peer	NOUN
fsr-3926	33	44	.	.	PUNCT
fsr-3926	34	1	grinblatt	grinblatt	PROPN
fsr-3926	34	2	and	and	CCONJ
fsr-3926	34	3	titman	titman	NOUN
fsr-3926	34	4	(	(	PUNCT
fsr-3926	34	5	1992	1992	NUM
fsr-3926	34	6	)	)	PUNCT
fsr-3926	34	7	,	,	PUNCT
fsr-3926	34	8	hendricks	hendrick	VERB
fsr-3926	34	9	et	et	PROPN
fsr-3926	34	10	al	al	PROPN
fsr-3926	34	11	.	.	PROPN
fsr-3926	35	1	(	(	PUNCT
fsr-3926	35	2	1993	1993	NUM
fsr-3926	35	3	)	)	PUNCT
fsr-3926	35	4	brown	brown	NOUN
fsr-3926	35	5	and	and	CCONJ
fsr-3926	35	6	goetzmann	goetzmann	PROPN
fsr-3926	35	7	(	(	PUNCT
fsr-3926	35	8	1995	1995	NUM
fsr-3926	35	9	)	)	PUNCT
fsr-3926	35	10	and	and	CCONJ
fsr-3926	35	11	gruber	gruber	PROPN
fsr-3926	35	12	(	(	PUNCT
fsr-3926	35	13	1996	1996	NUM
fsr-3926	35	14	)	)	PUNCT
fsr-3926	36	1	all	all	PRON
fsr-3926	36	2	find	find	VERB
fsr-3926	36	3	strong	strong	ADJ
fsr-3926	36	4	persistence	persistence	NOUN
fsr-3926	36	5	of	of	ADP
fsr-3926	36	6	fund	fund	NOUN
fsr-3926	36	7	relative	relative	ADJ
fsr-3926	36	8	performance	performance	NOUN
fsr-3926	36	9	over	over	ADP
fsr-3926	36	10	varied	varied	ADJ
fsr-3926	36	11	248	248	NUM
fsr-3926	36	12	j.	j.	PROPN
fsr-3926	36	13	philpot	philpot	PROPN
fsr-3926	36	14	/	/	SYM
fsr-3926	36	15	financial	financial	ADJ
fsr-3926	36	16	services	service	NOUN
fsr-3926	36	17	review	review	VERB
fsr-3926	36	18	9	9	NUM
fsr-3926	36	19	(	(	PUNCT
fsr-3926	36	20	2000	2000	NUM
fsr-3926	36	21	)	)	PUNCT
fsr-3926	36	22	247–258	247–258	NUM
fsr-3926	36	23	time	time	NOUN
fsr-3926	36	24	horizons	horizon	NOUN
fsr-3926	36	25	.	.	PUNCT
fsr-3926	37	1	these	these	DET
fsr-3926	37	2	findings	finding	NOUN
fsr-3926	37	3	(	(	PUNCT
fsr-3926	37	4	which	which	PRON
fsr-3926	37	5	examine	examine	VERB
fsr-3926	37	6	either	either	CCONJ
fsr-3926	37	7	equity	equity	NOUN
fsr-3926	37	8	funds	fund	NOUN
fsr-3926	37	9	or	or	CCONJ
fsr-3926	37	10	all	all	DET
fsr-3926	37	11	categories	category	NOUN
fsr-3926	37	12	of	of	ADP
fsr-3926	37	13	mutual	mutual	ADJ
fsr-3926	37	14	funds	fund	NOUN
fsr-3926	37	15	together	together	ADV
fsr-3926	37	16	)	)	PUNCT
fsr-3926	37	17	support	support	VERB
fsr-3926	37	18	the	the	DET
fsr-3926	37	19	presence	presence	NOUN
fsr-3926	37	20	and	and	CCONJ
fsr-3926	37	21	persistence	persistence	NOUN
fsr-3926	37	22	of	of	ADP
fsr-3926	37	23	management	management	NOUN
fsr-3926	37	24	skill	skill	NOUN
fsr-3926	37	25	.	.	PUNCT
fsr-3926	38	1	however	however	ADV
fsr-3926	38	2	,	,	PUNCT
fsr-3926	38	3	when	when	SCONJ
fsr-3926	38	4	bond	bond	NOUN
fsr-3926	38	5	mutual	mutual	ADJ
fsr-3926	38	6	funds	fund	NOUN
fsr-3926	38	7	are	be	AUX
fsr-3926	38	8	examined	examine	VERB
fsr-3926	38	9	by	by	ADP
fsr-3926	38	10	themselves	themselves	PRON
fsr-3926	38	11	,	,	PUNCT
fsr-3926	38	12	blake	blake	PROPN
fsr-3926	38	13	et	et	PROPN
fsr-3926	38	14	al	al	PROPN
fsr-3926	38	15	.	.	PROPN
fsr-3926	39	1	(	(	PUNCT
fsr-3926	39	2	1993	1993	NUM
fsr-3926	39	3	)	)	PUNCT
fsr-3926	39	4	find	find	VERB
fsr-3926	39	5	no	no	DET
fsr-3926	39	6	evidence	evidence	NOUN
fsr-3926	39	7	of	of	ADP
fsr-3926	39	8	interperiod	interperiod	NOUN
fsr-3926	39	9	consistency	consistency	NOUN
fsr-3926	39	10	in	in	ADP
fsr-3926	39	11	either	either	CCONJ
fsr-3926	39	12	the	the	DET
fsr-3926	39	13	performance	performance	NOUN
fsr-3926	39	14	ranking	rank	VERB
fsr-3926	39	15	or	or	CCONJ
fsr-3926	39	16	the	the	DET
fsr-3926	39	17	risk	risk	NOUN
fsr-3926	39	18	-	-	PUNCT
fsr-3926	39	19	adjusted	adjust	VERB
fsr-3926	39	20	returns	return	NOUN
fsr-3926	39	21	of	of	ADP
fsr-3926	39	22	the	the	DET
fsr-3926	39	23	41	41	NUM
fsr-3926	39	24	bond	bond	NOUN
fsr-3926	39	25	mutual	mutual	ADJ
fsr-3926	39	26	funds	fund	NOUN
fsr-3926	39	27	in	in	ADP
fsr-3926	39	28	their	their	PRON
fsr-3926	39	29	sample	sample	NOUN
fsr-3926	39	30	.	.	PUNCT
fsr-3926	40	1	philpot	philpot	PROPN
fsr-3926	40	2	et	et	PROPN
fsr-3926	40	3	al	al	PROPN
fsr-3926	40	4	.	.	PROPN
fsr-3926	41	1	(	(	PUNCT
fsr-3926	41	2	1998	1998	NUM
fsr-3926	41	3	)	)	PUNCT
fsr-3926	41	4	affirm	affirm	NOUN
fsr-3926	41	5	this	this	DET
fsr-3926	41	6	result	result	NOUN
fsr-3926	41	7	,	,	PUNCT
fsr-3926	41	8	finding	find	VERB
fsr-3926	41	9	in	in	ADP
fsr-3926	41	10	a	a	DET
fsr-3926	41	11	sample	sample	NOUN
fsr-3926	41	12	of	of	ADP
fsr-3926	41	13	27	27	NUM
fsr-3926	41	14	investment	investment	NOUN
fsr-3926	41	15	grade	grade	NOUN
fsr-3926	41	16	,	,	PUNCT
fsr-3926	41	17	nonconvertible	nonconvertible	ADJ
fsr-3926	41	18	bond	bond	NOUN
fsr-3926	41	19	mutual	mutual	ADJ
fsr-3926	41	20	funds	fund	NOUN
fsr-3926	41	21	,	,	PUNCT
fsr-3926	41	22	that	that	SCONJ
fsr-3926	41	23	risk	risk	NOUN
fsr-3926	41	24	-	-	PUNCT
fsr-3926	41	25	adjusted	adjust	VERB
fsr-3926	41	26	performance	performance	NOUN
fsr-3926	41	27	does	do	AUX
fsr-3926	41	28	not	not	PART
fsr-3926	41	29	predict	predict	VERB
fsr-3926	41	30	future	future	ADJ
fsr-3926	41	31	performance	performance	NOUN
fsr-3926	41	32	.	.	PUNCT
fsr-3926	42	1	in	in	ADP
fsr-3926	42	2	addition	addition	NOUN
fsr-3926	42	3	to	to	ADP
fsr-3926	42	4	examining	examine	VERB
fsr-3926	42	5	serial	serial	ADJ
fsr-3926	42	6	correlation	correlation	NOUN
fsr-3926	42	7	in	in	ADP
fsr-3926	42	8	returns	return	NOUN
fsr-3926	42	9	,	,	PUNCT
fsr-3926	42	10	mutual	mutual	ADJ
fsr-3926	42	11	fund	fund	NOUN
fsr-3926	42	12	management	management	NOUN
fsr-3926	42	13	can	can	AUX
fsr-3926	42	14	be	be	AUX
fsr-3926	42	15	evaluated	evaluate	VERB
fsr-3926	42	16	by	by	ADP
fsr-3926	42	17	examining	examine	VERB
fsr-3926	42	18	the	the	DET
fsr-3926	42	19	relation	relation	NOUN
fsr-3926	42	20	between	between	ADP
fsr-3926	42	21	mutual	mutual	ADJ
fsr-3926	42	22	fund	fund	NOUN
fsr-3926	42	23	returns	return	NOUN
fsr-3926	42	24	and	and	CCONJ
fsr-3926	42	25	individual	individual	ADJ
fsr-3926	42	26	fund	fund	NOUN
fsr-3926	42	27	attributes	attribute	NOUN
fsr-3926	42	28	that	that	PRON
fsr-3926	42	29	represent	represent	VERB
fsr-3926	42	30	the	the	DET
fsr-3926	42	31	manager	manager	NOUN
fsr-3926	42	32	’s	’s	PART
fsr-3926	42	33	activity	activity	NOUN
fsr-3926	42	34	,	,	PUNCT
fsr-3926	42	35	such	such	ADJ
fsr-3926	42	36	as	as	ADP
fsr-3926	42	37	portfolio	portfolio	NOUN
fsr-3926	42	38	turnover	turnover	NOUN
fsr-3926	42	39	and	and	CCONJ
fsr-3926	42	40	the	the	DET
fsr-3926	42	41	level	level	NOUN
fsr-3926	42	42	of	of	ADP
fsr-3926	42	43	fund	fund	NOUN
fsr-3926	42	44	expenses	expense	NOUN
fsr-3926	42	45	.	.	PUNCT
fsr-3926	43	1	in	in	ADP
fsr-3926	43	2	an	an	DET
fsr-3926	43	3	efficient	efficient	ADJ
fsr-3926	43	4	market	market	NOUN
fsr-3926	43	5	with	with	ADP
fsr-3926	43	6	costly	costly	ADJ
fsr-3926	43	7	information	information	NOUN
fsr-3926	43	8	,	,	PUNCT
fsr-3926	43	9	resources	resource	NOUN
fsr-3926	43	10	spent	spend	VERB
fsr-3926	43	11	on	on	ADP
fsr-3926	43	12	security	security	NOUN
fsr-3926	43	13	analysis	analysis	NOUN
fsr-3926	43	14	and	and	CCONJ
fsr-3926	43	15	portfolio	portfolio	NOUN
fsr-3926	43	16	management	management	NOUN
fsr-3926	43	17	should	should	AUX
fsr-3926	43	18	not	not	PART
fsr-3926	43	19	increase	increase	VERB
fsr-3926	43	20	risk	risk	NOUN
fsr-3926	43	21	-	-	PUNCT
fsr-3926	43	22	adjusted	adjust	VERB
fsr-3926	43	23	net	net	ADJ
fsr-3926	43	24	portfolio	portfolio	NOUN
fsr-3926	43	25	returns	return	NOUN
fsr-3926	43	26	.	.	PUNCT
fsr-3926	44	1	alternatively	alternatively	ADV
fsr-3926	44	2	,	,	PUNCT
fsr-3926	44	3	when	when	SCONJ
fsr-3926	44	4	mutual	mutual	ADJ
fsr-3926	44	5	fund	fund	NOUN
fsr-3926	44	6	managers	manager	NOUN
fsr-3926	44	7	are	be	AUX
fsr-3926	44	8	able	able	ADJ
fsr-3926	44	9	to	to	PART
fsr-3926	44	10	increase	increase	VERB
fsr-3926	44	11	returns	return	NOUN
fsr-3926	44	12	beyond	beyond	ADP
fsr-3926	44	13	their	their	PRON
fsr-3926	44	14	expenses	expense	NOUN
fsr-3926	44	15	,	,	PUNCT
fsr-3926	44	16	fund	fund	NOUN
fsr-3926	44	17	management	management	NOUN
fsr-3926	44	18	activity	activity	NOUN
fsr-3926	44	19	adds	add	VERB
fsr-3926	44	20	value	value	NOUN
fsr-3926	44	21	.	.	PUNCT
fsr-3926	45	1	carhart	carhart	NOUN
fsr-3926	45	2	(	(	PUNCT
fsr-3926	45	3	1997	1997	NUM
fsr-3926	45	4	)	)	PUNCT
fsr-3926	45	5	finds	find	VERB
fsr-3926	45	6	that	that	SCONJ
fsr-3926	45	7	mutual	mutual	ADJ
fsr-3926	45	8	fund	fund	NOUN
fsr-3926	45	9	expenses	expense	NOUN
fsr-3926	45	10	decrease	decrease	VERB
fsr-3926	45	11	fund	fund	NOUN
fsr-3926	45	12	performance	performance	NOUN
fsr-3926	45	13	and	and	CCONJ
fsr-3926	45	14	concludes	conclude	VERB
fsr-3926	45	15	that	that	SCONJ
fsr-3926	45	16	there	there	PRON
fsr-3926	45	17	is	be	VERB
fsr-3926	45	18	no	no	DET
fsr-3926	45	19	benefit	benefit	NOUN
fsr-3926	45	20	from	from	ADP
fsr-3926	45	21	active	active	ADJ
fsr-3926	45	22	management	management	NOUN
fsr-3926	45	23	.	.	PUNCT
fsr-3926	46	1	in	in	ADP
fsr-3926	46	2	bond	bond	NOUN
fsr-3926	46	3	mutual	mutual	ADJ
fsr-3926	46	4	funds	fund	NOUN
fsr-3926	46	5	specifically	specifically	ADV
fsr-3926	46	6	,	,	PUNCT
fsr-3926	46	7	recent	recent	ADJ
fsr-3926	46	8	studies	study	NOUN
fsr-3926	46	9	have	have	AUX
fsr-3926	46	10	found	find	VERB
fsr-3926	46	11	negative	negative	ADJ
fsr-3926	46	12	relations	relation	NOUN
fsr-3926	46	13	between	between	ADP
fsr-3926	46	14	bond	bond	NOUN
fsr-3926	46	15	mutual	mutual	ADJ
fsr-3926	46	16	fund	fund	NOUN
fsr-3926	46	17	performance	performance	NOUN
fsr-3926	46	18	and	and	CCONJ
fsr-3926	46	19	fund	fund	NOUN
fsr-3926	46	20	expenses	expense	NOUN
fsr-3926	46	21	and	and	CCONJ
fsr-3926	46	22	fees	fee	NOUN
fsr-3926	46	23	(	(	PUNCT
fsr-3926	46	24	blake	blake	NOUN
fsr-3926	46	25	et	et	PROPN
fsr-3926	46	26	al	al	PROPN
fsr-3926	46	27	.	.	PROPN
fsr-3926	46	28	,	,	PUNCT
fsr-3926	46	29	1993	1993	NUM
fsr-3926	46	30	;	;	PUNCT
fsr-3926	46	31	philpot	philpot	PROPN
fsr-3926	46	32	et	et	PROPN
fsr-3926	46	33	al	al	PROPN
fsr-3926	46	34	.	.	PROPN
fsr-3926	46	35	,	,	PUNCT
fsr-3926	46	36	1998	1998	NUM
fsr-3926	46	37	)	)	PUNCT
fsr-3926	46	38	.	.	PUNCT
fsr-3926	47	1	another	another	DET
fsr-3926	47	2	measure	measure	NOUN
fsr-3926	47	3	of	of	ADP
fsr-3926	47	4	management	management	NOUN
fsr-3926	47	5	activity	activity	NOUN
fsr-3926	47	6	is	be	AUX
fsr-3926	47	7	a	a	DET
fsr-3926	47	8	mutual	mutual	ADJ
fsr-3926	47	9	fund	fund	NOUN
fsr-3926	47	10	’s	’s	PART
fsr-3926	47	11	portfolio	portfolio	NOUN
fsr-3926	47	12	turnover	turnover	NOUN
fsr-3926	47	13	rate	rate	NOUN
fsr-3926	47	14	.	.	PUNCT
fsr-3926	48	1	actively	actively	ADV
fsr-3926	48	2	managed	manage	VERB
fsr-3926	48	3	mutual	mutual	ADJ
fsr-3926	48	4	funds	fund	NOUN
fsr-3926	48	5	exhibit	exhibit	VERB
fsr-3926	48	6	high	high	ADJ
fsr-3926	48	7	turnover	turnover	NOUN
fsr-3926	48	8	rates	rate	NOUN
fsr-3926	48	9	,	,	PUNCT
fsr-3926	48	10	while	while	SCONJ
fsr-3926	48	11	passively	passively	ADV
fsr-3926	48	12	managed	manage	VERB
fsr-3926	48	13	funds	fund	NOUN
fsr-3926	48	14	tend	tend	VERB
fsr-3926	48	15	to	to	PART
fsr-3926	48	16	report	report	VERB
fsr-3926	48	17	low	low	ADJ
fsr-3926	48	18	portfolio	portfolio	NOUN
fsr-3926	48	19	turnover	turnover	NOUN
fsr-3926	48	20	.	.	PUNCT
fsr-3926	49	1	empirical	empirical	ADJ
fsr-3926	49	2	studies	study	NOUN
fsr-3926	49	3	are	be	AUX
fsr-3926	49	4	yet	yet	ADV
fsr-3926	49	5	to	to	PART
fsr-3926	49	6	categorically	categorically	ADV
fsr-3926	49	7	discern	discern	VERB
fsr-3926	49	8	the	the	DET
fsr-3926	49	9	effects	effect	NOUN
fsr-3926	49	10	of	of	ADP
fsr-3926	49	11	portfolio	portfolio	NOUN
fsr-3926	49	12	turnover	turnover	NOUN
fsr-3926	49	13	on	on	ADP
fsr-3926	49	14	mutual	mutual	ADJ
fsr-3926	49	15	fund	fund	NOUN
fsr-3926	49	16	returns	return	NOUN
fsr-3926	49	17	.	.	PUNCT
fsr-3926	50	1	grinblatt	grinblatt	NOUN
fsr-3926	50	2	and	and	CCONJ
fsr-3926	50	3	titman	titman	NOUN
fsr-3926	50	4	(	(	PUNCT
fsr-3926	50	5	1989	1989	NUM
fsr-3926	50	6	)	)	PUNCT
fsr-3926	50	7	examine	examine	VERB
fsr-3926	50	8	the	the	DET
fsr-3926	50	9	risk	risk	NOUN
fsr-3926	50	10	-	-	PUNCT
fsr-3926	50	11	adjusted	adjust	VERB
fsr-3926	50	12	returns	return	NOUN
fsr-3926	50	13	to	to	ADP
fsr-3926	50	14	the	the	DET
fsr-3926	50	15	quarterly	quarterly	ADJ
fsr-3926	50	16	-	-	PUNCT
fsr-3926	50	17	updated	update	VERB
fsr-3926	50	18	portfolios	portfolio	NOUN
fsr-3926	50	19	of	of	ADP
fsr-3926	50	20	aggressive	aggressive	ADJ
fsr-3926	50	21	growth	growth	NOUN
fsr-3926	50	22	mutual	mutual	ADJ
fsr-3926	50	23	funds	fund	NOUN
fsr-3926	50	24	versus	versus	ADP
fsr-3926	50	25	the	the	DET
fsr-3926	50	26	returns	return	NOUN
fsr-3926	50	27	to	to	ADP
fsr-3926	50	28	the	the	DET
fsr-3926	50	29	funds	fund	NOUN
fsr-3926	50	30	’	'	PUNCT
fsr-3926	50	31	initial	initial	ADJ
fsr-3926	50	32	portfolios	portfolio	NOUN
fsr-3926	50	33	.	.	PUNCT
fsr-3926	51	1	they	they	PRON
fsr-3926	51	2	find	find	VERB
fsr-3926	51	3	that	that	SCONJ
fsr-3926	51	4	the	the	DET
fsr-3926	51	5	updated	update	VERB
fsr-3926	51	6	portfolios	portfolio	NOUN
fsr-3926	51	7	provided	provide	VERB
fsr-3926	51	8	the	the	DET
fsr-3926	51	9	greater	great	ADJ
fsr-3926	51	10	returns	return	NOUN
fsr-3926	51	11	,	,	PUNCT
fsr-3926	51	12	and	and	CCONJ
fsr-3926	51	13	thus	thus	ADV
fsr-3926	51	14	they	they	PRON
fsr-3926	51	15	conclude	conclude	VERB
fsr-3926	51	16	that	that	SCONJ
fsr-3926	51	17	active	active	ADJ
fsr-3926	51	18	portfolio	portfolio	NOUN
fsr-3926	51	19	management	management	NOUN
fsr-3926	51	20	generated	generate	VERB
fsr-3926	51	21	at	at	ADP
fsr-3926	51	22	least	least	ADJ
fsr-3926	51	23	some	some	PRON
fsr-3926	51	24	of	of	ADP
fsr-3926	51	25	the	the	DET
fsr-3926	51	26	returns	return	NOUN
fsr-3926	51	27	to	to	ADP
fsr-3926	51	28	the	the	DET
fsr-3926	51	29	funds	fund	NOUN
fsr-3926	51	30	.	.	PUNCT
fsr-3926	52	1	in	in	ADP
fsr-3926	52	2	a	a	DET
fsr-3926	52	3	more	more	ADV
fsr-3926	52	4	recent	recent	ADJ
fsr-3926	52	5	study	study	NOUN
fsr-3926	52	6	,	,	PUNCT
fsr-3926	52	7	carhart	carhart	NOUN
fsr-3926	52	8	(	(	PUNCT
fsr-3926	52	9	1997	1997	NUM
fsr-3926	52	10	)	)	PUNCT
fsr-3926	52	11	finds	find	VERB
fsr-3926	52	12	a	a	DET
fsr-3926	52	13	negative	negative	ADJ
fsr-3926	52	14	relation	relation	NOUN
fsr-3926	52	15	between	between	ADP
fsr-3926	52	16	portfolio	portfolio	NOUN
fsr-3926	52	17	turnover	turnover	NOUN
fsr-3926	52	18	and	and	CCONJ
fsr-3926	52	19	risk	risk	NOUN
fsr-3926	52	20	-	-	PUNCT
fsr-3926	52	21	adjusted	adjust	VERB
fsr-3926	52	22	returns	return	NOUN
fsr-3926	52	23	.	.	PUNCT
fsr-3926	53	1	when	when	SCONJ
fsr-3926	53	2	investment	investment	NOUN
fsr-3926	53	3	grade	grade	NOUN
fsr-3926	53	4	bond	bond	NOUN
fsr-3926	53	5	funds	fund	NOUN
fsr-3926	53	6	are	be	AUX
fsr-3926	53	7	examined	examine	VERB
fsr-3926	53	8	separately	separately	ADV
fsr-3926	53	9	,	,	PUNCT
fsr-3926	53	10	this	this	DET
fsr-3926	53	11	negative	negative	ADJ
fsr-3926	53	12	relation	relation	NOUN
fsr-3926	53	13	persists	persist	VERB
fsr-3926	53	14	(	(	PUNCT
fsr-3926	53	15	philpot	philpot	NOUN
fsr-3926	53	16	et	et	PROPN
fsr-3926	53	17	al	al	PROPN
fsr-3926	53	18	.	.	PROPN
fsr-3926	53	19	,	,	PUNCT
fsr-3926	53	20	1998	1998	NUM
fsr-3926	53	21	)	)	PUNCT
fsr-3926	53	22	.	.	PUNCT
fsr-3926	54	1	a	a	DET
fsr-3926	54	2	final	final	ADJ
fsr-3926	54	3	way	way	NOUN
fsr-3926	54	4	to	to	PART
fsr-3926	54	5	test	test	VERB
fsr-3926	54	6	for	for	ADP
fsr-3926	54	7	management	management	NOUN
fsr-3926	54	8	skill	skill	NOUN
fsr-3926	54	9	is	be	AUX
fsr-3926	54	10	to	to	PART
fsr-3926	54	11	determine	determine	VERB
fsr-3926	54	12	whether	whether	SCONJ
fsr-3926	54	13	managers	manager	NOUN
fsr-3926	54	14	learn	learn	VERB
fsr-3926	54	15	by	by	ADP
fsr-3926	54	16	experience	experience	NOUN
fsr-3926	54	17	.	.	PUNCT
fsr-3926	55	1	golec	golec	NOUN
fsr-3926	55	2	(	(	PUNCT
fsr-3926	55	3	1996	1996	NUM
fsr-3926	55	4	)	)	PUNCT
fsr-3926	55	5	examines	examine	VERB
fsr-3926	55	6	the	the	DET
fsr-3926	55	7	effects	effect	NOUN
fsr-3926	55	8	of	of	ADP
fsr-3926	55	9	management	management	NOUN
fsr-3926	55	10	characteristics	characteristic	NOUN
fsr-3926	55	11	on	on	ADP
fsr-3926	55	12	a	a	DET
fsr-3926	55	13	sample	sample	NOUN
fsr-3926	55	14	of	of	ADP
fsr-3926	55	15	equity	equity	NOUN
fsr-3926	55	16	and	and	CCONJ
fsr-3926	55	17	balanced	balanced	ADJ
fsr-3926	55	18	mutual	mutual	ADJ
fsr-3926	55	19	fund	fund	NOUN
fsr-3926	55	20	risk	risk	NOUN
fsr-3926	55	21	-	-	PUNCT
fsr-3926	55	22	adjusted	adjust	VERB
fsr-3926	55	23	returns	return	NOUN
fsr-3926	55	24	.	.	PUNCT
fsr-3926	56	1	he	he	PRON
fsr-3926	56	2	finds	find	VERB
fsr-3926	56	3	that	that	SCONJ
fsr-3926	56	4	the	the	DET
fsr-3926	56	5	most	most	ADV
fsr-3926	56	6	significant	significant	ADJ
fsr-3926	56	7	predictor	predictor	NOUN
fsr-3926	56	8	of	of	ADP
fsr-3926	56	9	mutual	mutual	ADJ
fsr-3926	56	10	fund	fund	NOUN
fsr-3926	56	11	performance	performance	NOUN
fsr-3926	56	12	is	be	AUX
fsr-3926	56	13	the	the	DET
fsr-3926	56	14	amount	amount	NOUN
fsr-3926	56	15	of	of	ADP
fsr-3926	56	16	time	time	NOUN
fsr-3926	56	17	a	a	DET
fsr-3926	56	18	manager	manager	NOUN
fsr-3926	56	19	has	have	AUX
fsr-3926	56	20	been	be	AUX
fsr-3926	56	21	with	with	ADP
fsr-3926	56	22	a	a	DET
fsr-3926	56	23	particular	particular	ADJ
fsr-3926	56	24	fund	fund	NOUN
fsr-3926	56	25	.	.	PUNCT
fsr-3926	57	1	this	this	DET
fsr-3926	57	2	result	result	NOUN
fsr-3926	57	3	may	may	AUX
fsr-3926	57	4	indicate	indicate	VERB
fsr-3926	57	5	a	a	DET
fsr-3926	57	6	learning	learning	NOUN
fsr-3926	57	7	effect	effect	NOUN
fsr-3926	57	8	,	,	PUNCT
fsr-3926	57	9	with	with	ADP
fsr-3926	57	10	managers	manager	NOUN
fsr-3926	57	11	increasing	increase	VERB
fsr-3926	57	12	their	their	PRON
fsr-3926	57	13	ability	ability	NOUN
fsr-3926	57	14	to	to	PART
fsr-3926	57	15	manage	manage	VERB
fsr-3926	57	16	a	a	DET
fsr-3926	57	17	particular	particular	ADJ
fsr-3926	57	18	fund	fund	NOUN
fsr-3926	57	19	over	over	ADP
fsr-3926	57	20	time	time	NOUN
fsr-3926	57	21	.	.	PUNCT
fsr-3926	58	1	several	several	ADJ
fsr-3926	58	2	additional	additional	ADJ
fsr-3926	58	3	mutual	mutual	ADJ
fsr-3926	58	4	fund	fund	NOUN
fsr-3926	58	5	attributes	attribute	NOUN
fsr-3926	58	6	have	have	AUX
fsr-3926	58	7	been	be	AUX
fsr-3926	58	8	hypothesized	hypothesize	VERB
fsr-3926	58	9	to	to	PART
fsr-3926	58	10	be	be	AUX
fsr-3926	58	11	related	relate	VERB
fsr-3926	58	12	to	to	ADP
fsr-3926	58	13	relative	relative	ADJ
fsr-3926	58	14	returns	return	NOUN
fsr-3926	58	15	.	.	PUNCT
fsr-3926	59	1	the	the	DET
fsr-3926	59	2	most	most	ADV
fsr-3926	59	3	common	common	ADJ
fsr-3926	59	4	include	include	VERB
fsr-3926	59	5	fund	fund	NOUN
fsr-3926	59	6	size	size	NOUN
fsr-3926	59	7	and	and	CCONJ
fsr-3926	59	8	the	the	DET
fsr-3926	59	9	presence	presence	NOUN
fsr-3926	59	10	of	of	ADP
fsr-3926	59	11	sales	sale	NOUN
fsr-3926	59	12	or	or	CCONJ
fsr-3926	59	13	distribution	distribution	NOUN
fsr-3926	59	14	fees	fee	NOUN
fsr-3926	59	15	.	.	PUNCT
fsr-3926	60	1	there	there	PRON
fsr-3926	60	2	is	be	VERB
fsr-3926	60	3	evidence	evidence	NOUN
fsr-3926	60	4	to	to	PART
fsr-3926	60	5	suggest	suggest	VERB
fsr-3926	60	6	that	that	SCONJ
fsr-3926	60	7	as	as	SCONJ
fsr-3926	60	8	mutual	mutual	ADJ
fsr-3926	60	9	funds	fund	NOUN
fsr-3926	60	10	grow	grow	VERB
fsr-3926	60	11	in	in	ADP
fsr-3926	60	12	size	size	NOUN
fsr-3926	60	13	,	,	PUNCT
fsr-3926	60	14	their	their	PRON
fsr-3926	60	15	ability	ability	NOUN
fsr-3926	60	16	to	to	PART
fsr-3926	60	17	provide	provide	VERB
fsr-3926	60	18	commensurate	commensurate	ADJ
fsr-3926	60	19	returns	return	NOUN
fsr-3926	60	20	becomes	become	VERB
fsr-3926	60	21	handicapped	handicapped	ADJ
fsr-3926	60	22	.	.	PUNCT
fsr-3926	61	1	this	this	PRON
fsr-3926	61	2	is	be	AUX
fsr-3926	61	3	especially	especially	ADV
fsr-3926	61	4	true	true	ADJ
fsr-3926	61	5	for	for	ADP
fsr-3926	61	6	equity	equity	NOUN
fsr-3926	61	7	funds	fund	NOUN
fsr-3926	61	8	.	.	PUNCT
fsr-3926	62	1	grinblatt	grinblatt	NOUN
fsr-3926	62	2	and	and	CCONJ
fsr-3926	62	3	titman	titman	NOUN
fsr-3926	62	4	(	(	PUNCT
fsr-3926	62	5	1989	1989	NUM
fsr-3926	62	6	)	)	PUNCT
fsr-3926	62	7	find	find	VERB
fsr-3926	62	8	that	that	SCONJ
fsr-3926	62	9	in	in	ADP
fsr-3926	62	10	their	their	PRON
fsr-3926	62	11	sample	sample	NOUN
fsr-3926	62	12	of	of	ADP
fsr-3926	62	13	aggressive	aggressive	ADJ
fsr-3926	62	14	growth	growth	NOUN
fsr-3926	62	15	mutual	mutual	ADJ
fsr-3926	62	16	funds	fund	NOUN
fsr-3926	62	17	,	,	PUNCT
fsr-3926	62	18	small	small	ADJ
fsr-3926	62	19	funds	fund	NOUN
fsr-3926	62	20	have	have	VERB
fsr-3926	62	21	higher	high	ADJ
fsr-3926	62	22	risk	risk	NOUN
fsr-3926	62	23	-	-	PUNCT
fsr-3926	62	24	adjusted	adjust	VERB
fsr-3926	62	25	gross	gross	ADJ
fsr-3926	62	26	returns	return	NOUN
fsr-3926	62	27	than	than	ADP
fsr-3926	62	28	large	large	ADJ
fsr-3926	62	29	funds	fund	NOUN
fsr-3926	62	30	,	,	PUNCT
fsr-3926	62	31	and	and	CCONJ
fsr-3926	62	32	they	they	PRON
fsr-3926	62	33	conclude	conclude	VERB
fsr-3926	62	34	that	that	SCONJ
fsr-3926	62	35	mutual	mutual	ADJ
fsr-3926	62	36	funds	fund	NOUN
fsr-3926	62	37	lose	lose	VERB
fsr-3926	62	38	market	market	NOUN
fsr-3926	62	39	mobility	mobility	NOUN
fsr-3926	62	40	and	and	CCONJ
fsr-3926	62	41	the	the	DET
fsr-3926	62	42	ability	ability	NOUN
fsr-3926	62	43	to	to	PART
fsr-3926	62	44	take	take	VERB
fsr-3926	62	45	positions	position	NOUN
fsr-3926	62	46	in	in	ADP
fsr-3926	62	47	small	small	ADJ
fsr-3926	62	48	-	-	PUNCT
fsr-3926	62	49	capitalization	capitalization	NOUN
fsr-3926	62	50	issues	issue	NOUN
fsr-3926	62	51	as	as	SCONJ
fsr-3926	62	52	they	they	PRON
fsr-3926	62	53	increase	increase	VERB
fsr-3926	62	54	in	in	ADP
fsr-3926	62	55	size	size	NOUN
fsr-3926	62	56	.	.	PUNCT
fsr-3926	63	1	these	these	DET
fsr-3926	63	2	empirical	empirical	ADJ
fsr-3926	63	3	findings	finding	NOUN
fsr-3926	63	4	corroborate	corroborate	VERB
fsr-3926	63	5	an	an	DET
fsr-3926	63	6	increasing	increase	VERB
fsr-3926	63	7	tendency	tendency	NOUN
fsr-3926	63	8	for	for	SCONJ
fsr-3926	63	9	large	large	ADJ
fsr-3926	63	10	equity	equity	NOUN
fsr-3926	63	11	mutual	mutual	ADJ
fsr-3926	63	12	funds	fund	NOUN
fsr-3926	63	13	(	(	PUNCT
fsr-3926	63	14	such	such	ADJ
fsr-3926	63	15	as	as	ADP
fsr-3926	63	16	fidelity	fidelity	PROPN
fsr-3926	63	17	magellan	magellan	PROPN
fsr-3926	63	18	and	and	CCONJ
fsr-3926	63	19	janus	janus	PROPN
fsr-3926	63	20	twenty	twenty	NUM
fsr-3926	63	21	)	)	PUNCT
fsr-3926	63	22	to	to	PART
fsr-3926	63	23	end	end	VERB
fsr-3926	63	24	share	share	NOUN
fsr-3926	63	25	sales	sale	NOUN
fsr-3926	63	26	to	to	ADP
fsr-3926	63	27	new	new	ADJ
fsr-3926	63	28	investors	investor	NOUN
fsr-3926	63	29	.	.	PUNCT
fsr-3926	64	1	bond	bond	NOUN
fsr-3926	64	2	mutual	mutual	ADJ
fsr-3926	64	3	funds	fund	NOUN
fsr-3926	64	4	,	,	PUNCT
fsr-3926	64	5	however	however	ADV
fsr-3926	64	6	,	,	PUNCT
fsr-3926	64	7	have	have	AUX
fsr-3926	64	8	been	be	AUX
fsr-3926	64	9	shown	show	VERB
fsr-3926	64	10	to	to	PART
fsr-3926	64	11	have	have	VERB
fsr-3926	64	12	positive	positive	ADJ
fsr-3926	64	13	economies	economy	NOUN
fsr-3926	64	14	of	of	ADP
fsr-3926	64	15	249j	249j	PROPN
fsr-3926	64	16	.	.	PUNCT
fsr-3926	65	1	philpot	philpot	PROPN
fsr-3926	65	2	/	/	SYM
fsr-3926	65	3	financial	financial	ADJ
fsr-3926	65	4	services	service	NOUN
fsr-3926	65	5	review	review	VERB
fsr-3926	65	6	9	9	NUM
fsr-3926	65	7	(	(	PUNCT
fsr-3926	65	8	2000	2000	NUM
fsr-3926	65	9	)	)	PUNCT
fsr-3926	65	10	247–258	247–258	NUM
fsr-3926	65	11	scale	scale	NOUN
fsr-3926	65	12	as	as	SCONJ
fsr-3926	65	13	evidenced	evidence	VERB
fsr-3926	65	14	by	by	ADP
fsr-3926	65	15	a	a	DET
fsr-3926	65	16	positive	positive	ADJ
fsr-3926	65	17	relationship	relationship	NOUN
fsr-3926	65	18	between	between	ADP
fsr-3926	65	19	fund	fund	NOUN
fsr-3926	65	20	size	size	NOUN
fsr-3926	65	21	and	and	CCONJ
fsr-3926	65	22	risk	risk	NOUN
fsr-3926	65	23	-	-	PUNCT
fsr-3926	65	24	adjusted	adjust	VERB
fsr-3926	65	25	returns	return	NOUN
fsr-3926	65	26	(	(	PUNCT
fsr-3926	65	27	gudikunst	gudikunst	NOUN
fsr-3926	65	28	and	and	CCONJ
fsr-3926	65	29	mccarthy	mccarthy	NOUN
fsr-3926	65	30	,	,	PUNCT
fsr-3926	65	31	1992	1992	NUM
fsr-3926	65	32	,	,	PUNCT
fsr-3926	65	33	philpot	philpot	PROPN
fsr-3926	65	34	et	et	PROPN
fsr-3926	65	35	al	al	PROPN
fsr-3926	65	36	.	.	PROPN
fsr-3926	65	37	,	,	PUNCT
fsr-3926	65	38	1998	1998	NUM
fsr-3926	65	39	)	)	PUNCT
fsr-3926	65	40	.	.	PUNCT
fsr-3926	66	1	most	most	ADJ
fsr-3926	66	2	studies	study	NOUN
fsr-3926	66	3	show	show	VERB
fsr-3926	66	4	that	that	SCONJ
fsr-3926	66	5	loads	load	NOUN
fsr-3926	66	6	and	and	CCONJ
fsr-3926	66	7	distribution	distribution	NOUN
fsr-3926	66	8	(	(	PUNCT
fsr-3926	66	9	12b-1	12b-1	NUM
fsr-3926	66	10	)	)	PUNCT
fsr-3926	66	11	fees	fee	NOUN
fsr-3926	66	12	have	have	VERB
fsr-3926	66	13	little	little	ADJ
fsr-3926	66	14	impact	impact	NOUN
fsr-3926	66	15	on	on	ADP
fsr-3926	66	16	net	net	ADJ
fsr-3926	66	17	mutual	mutual	ADJ
fsr-3926	66	18	fund	fund	NOUN
fsr-3926	66	19	performance	performance	NOUN
fsr-3926	66	20	.	.	PUNCT
fsr-3926	67	1	(	(	PUNCT
fsr-3926	67	2	see	see	VERB
fsr-3926	67	3	golec	golec	NOUN
fsr-3926	67	4	,	,	PUNCT
fsr-3926	67	5	1996	1996	NUM
fsr-3926	67	6	for	for	ADP
fsr-3926	67	7	recent	recent	ADJ
fsr-3926	67	8	evidence	evidence	NOUN
fsr-3926	67	9	.	.	PUNCT
fsr-3926	67	10	)	)	PUNCT
fsr-3926	68	1	3	3	X
fsr-3926	68	2	.	.	X
fsr-3926	68	3	nonconventional	nonconventional	ADJ
fsr-3926	68	4	bond	bond	NOUN
fsr-3926	68	5	funds	fund	NOUN
fsr-3926	68	6	extant	extant	ADJ
fsr-3926	68	7	studies	study	NOUN
fsr-3926	68	8	cast	cast	VERB
fsr-3926	68	9	doubt	doubt	NOUN
fsr-3926	68	10	upon	upon	SCONJ
fsr-3926	68	11	the	the	DET
fsr-3926	68	12	ability	ability	NOUN
fsr-3926	68	13	of	of	ADP
fsr-3926	68	14	conventional	conventional	ADJ
fsr-3926	68	15	bond	bond	NOUN
fsr-3926	68	16	mutual	mutual	ADJ
fsr-3926	68	17	fund	fund	NOUN
fsr-3926	68	18	managers	manager	NOUN
fsr-3926	68	19	to	to	PART
fsr-3926	68	20	consistently	consistently	ADV
fsr-3926	68	21	outperform	outperform	VERB
fsr-3926	68	22	either	either	CCONJ
fsr-3926	68	23	a	a	DET
fsr-3926	68	24	relevant	relevant	ADJ
fsr-3926	68	25	market	market	NOUN
fsr-3926	68	26	index	index	NOUN
fsr-3926	68	27	or	or	CCONJ
fsr-3926	68	28	their	their	PRON
fsr-3926	68	29	manager	manager	NOUN
fsr-3926	68	30	peers	peer	NOUN
fsr-3926	68	31	.	.	PUNCT
fsr-3926	69	1	however	however	ADV
fsr-3926	69	2	,	,	PUNCT
fsr-3926	69	3	there	there	PRON
fsr-3926	69	4	is	be	VERB
fsr-3926	69	5	both	both	DET
fsr-3926	69	6	conventional	conventional	ADJ
fsr-3926	69	7	wisdom	wisdom	NOUN
fsr-3926	69	8	and	and	CCONJ
fsr-3926	69	9	some	some	DET
fsr-3926	69	10	empirical	empirical	ADJ
fsr-3926	69	11	evidence	evidence	NOUN
fsr-3926	69	12	to	to	PART
fsr-3926	69	13	suggest	suggest	VERB
fsr-3926	69	14	that	that	SCONJ
fsr-3926	69	15	nonconventional	nonconventional	ADJ
fsr-3926	69	16	bonds	bond	NOUN
fsr-3926	69	17	(	(	PUNCT
fsr-3926	69	18	high	high	ADJ
fsr-3926	69	19	-	-	PUNCT
fsr-3926	69	20	yield	yield	NOUN
fsr-3926	69	21	,	,	PUNCT
fsr-3926	69	22	global	global	ADJ
fsr-3926	69	23	,	,	PUNCT
fsr-3926	69	24	and	and	CCONJ
fsr-3926	69	25	convertibles	convertible	NOUN
fsr-3926	69	26	)	)	PUNCT
fsr-3926	69	27	as	as	SCONJ
fsr-3926	69	28	a	a	DET
fsr-3926	69	29	group	group	NOUN
fsr-3926	69	30	have	have	VERB
fsr-3926	69	31	considerably	considerably	ADV
fsr-3926	69	32	different	different	ADJ
fsr-3926	69	33	investment	investment	NOUN
fsr-3926	69	34	characteristics	characteristic	NOUN
fsr-3926	69	35	than	than	ADP
fsr-3926	69	36	conventional	conventional	ADJ
fsr-3926	69	37	bonds	bond	NOUN
fsr-3926	69	38	.	.	PUNCT
fsr-3926	70	1	for	for	ADP
fsr-3926	70	2	instance	instance	NOUN
fsr-3926	70	3	,	,	PUNCT
fsr-3926	70	4	a	a	DET
fsr-3926	70	5	convertible	convertible	ADJ
fsr-3926	70	6	bond	bond	NOUN
fsr-3926	70	7	’s	’s	PART
fsr-3926	70	8	conversion	conversion	NOUN
fsr-3926	70	9	feature	feature	NOUN
fsr-3926	70	10	essentially	essentially	ADV
fsr-3926	70	11	transforms	transform	VERB
fsr-3926	70	12	the	the	DET
fsr-3926	70	13	bond	bond	NOUN
fsr-3926	70	14	into	into	ADP
fsr-3926	70	15	a	a	DET
fsr-3926	70	16	type	type	NOUN
fsr-3926	70	17	of	of	ADP
fsr-3926	70	18	equity	equity	NOUN
fsr-3926	70	19	call	call	NOUN
fsr-3926	70	20	option	option	NOUN
fsr-3926	70	21	,	,	PUNCT
fsr-3926	70	22	with	with	ADP
fsr-3926	70	23	equity	equity	NOUN
fsr-3926	70	24	-	-	PUNCT
fsr-3926	70	25	like	like	ADJ
fsr-3926	70	26	characteristics	characteristic	NOUN
fsr-3926	70	27	.	.	PUNCT
fsr-3926	71	1	global	global	ADJ
fsr-3926	71	2	bonds	bond	NOUN
fsr-3926	71	3	expose	expose	VERB
fsr-3926	71	4	the	the	DET
fsr-3926	71	5	domestic	domestic	ADJ
fsr-3926	71	6	investor	investor	NOUN
fsr-3926	71	7	to	to	ADP
fsr-3926	71	8	additional	additional	ADJ
fsr-3926	71	9	risks	risk	NOUN
fsr-3926	71	10	,	,	PUNCT
fsr-3926	71	11	including	include	VERB
fsr-3926	71	12	exchange	exchange	NOUN
fsr-3926	71	13	rate	rate	NOUN
fsr-3926	71	14	risks	risk	NOUN
fsr-3926	71	15	and	and	CCONJ
fsr-3926	71	16	country	country	NOUN
fsr-3926	71	17	-	-	PUNCT
fsr-3926	71	18	specific	specific	ADJ
fsr-3926	71	19	risks	risk	NOUN
fsr-3926	71	20	.	.	PUNCT
fsr-3926	72	1	high	high	ADJ
fsr-3926	72	2	-	-	PUNCT
fsr-3926	72	3	yield	yield	NOUN
fsr-3926	72	4	bonds	bond	NOUN
fsr-3926	72	5	in	in	ADP
fsr-3926	72	6	particular	particular	ADJ
fsr-3926	72	7	have	have	AUX
fsr-3926	72	8	been	be	AUX
fsr-3926	72	9	shown	show	VERB
fsr-3926	72	10	to	to	PART
fsr-3926	72	11	have	have	VERB
fsr-3926	72	12	returns	return	NOUN
fsr-3926	72	13	characteristics	characteristic	NOUN
fsr-3926	72	14	more	more	ADV
fsr-3926	72	15	similar	similar	ADJ
fsr-3926	72	16	to	to	ADP
fsr-3926	72	17	equity	equity	NOUN
fsr-3926	72	18	than	than	ADP
fsr-3926	72	19	to	to	ADP
fsr-3926	72	20	investment	investment	NOUN
fsr-3926	72	21	-	-	PUNCT
fsr-3926	72	22	grade	grade	NOUN
fsr-3926	72	23	debt	debt	NOUN
fsr-3926	72	24	(	(	PUNCT
fsr-3926	72	25	bookstaber	bookstaber	NOUN
fsr-3926	72	26	and	and	CCONJ
fsr-3926	72	27	jacob	jacob	PROPN
fsr-3926	72	28	,	,	PUNCT
fsr-3926	72	29	1986	1986	NUM
fsr-3926	72	30	)	)	PUNCT
fsr-3926	72	31	.	.	PUNCT
fsr-3926	73	1	blume	blume	PROPN
fsr-3926	73	2	et	et	PROPN
fsr-3926	73	3	al	al	PROPN
fsr-3926	73	4	.	.	PROPN
fsr-3926	74	1	(	(	PUNCT
fsr-3926	74	2	1991	1991	NUM
fsr-3926	74	3	)	)	PUNCT
fsr-3926	74	4	examine	examine	VERB
fsr-3926	74	5	the	the	DET
fsr-3926	74	6	performance	performance	NOUN
fsr-3926	74	7	of	of	ADP
fsr-3926	74	8	high	high	ADJ
fsr-3926	74	9	-	-	PUNCT
fsr-3926	74	10	yield	yield	NOUN
fsr-3926	74	11	bonds	bond	NOUN
fsr-3926	74	12	,	,	PUNCT
fsr-3926	74	13	finding	find	VERB
fsr-3926	74	14	that	that	SCONJ
fsr-3926	74	15	high	high	ADJ
fsr-3926	74	16	-	-	PUNCT
fsr-3926	74	17	yield	yield	NOUN
fsr-3926	74	18	bonds	bond	NOUN
fsr-3926	74	19	have	have	VERB
fsr-3926	74	20	lower	low	ADJ
fsr-3926	74	21	risk	risk	NOUN
fsr-3926	74	22	and	and	CCONJ
fsr-3926	74	23	higher	high	ADJ
fsr-3926	74	24	returns	return	NOUN
fsr-3926	74	25	over	over	ADP
fsr-3926	74	26	their	their	PRON
fsr-3926	74	27	sample	sample	NOUN
fsr-3926	74	28	period	period	NOUN
fsr-3926	74	29	than	than	ADP
fsr-3926	74	30	investment	investment	NOUN
fsr-3926	74	31	grade	grade	NOUN
fsr-3926	74	32	bonds	bond	NOUN
fsr-3926	74	33	and	and	CCONJ
fsr-3926	74	34	that	that	SCONJ
fsr-3926	74	35	high	high	ADJ
fsr-3926	74	36	-	-	PUNCT
fsr-3926	74	37	yield	yield	NOUN
fsr-3926	74	38	bonds	bond	NOUN
fsr-3926	74	39	behave	behave	VERB
fsr-3926	74	40	like	like	ADP
fsr-3926	74	41	both	both	DET
fsr-3926	74	42	bonds	bond	NOUN
fsr-3926	74	43	and	and	CCONJ
fsr-3926	74	44	stocks	stock	NOUN
fsr-3926	74	45	.	.	PUNCT
fsr-3926	75	1	also	also	ADV
fsr-3926	75	2	,	,	PUNCT
fsr-3926	75	3	brister	brister	PROPN
fsr-3926	75	4	et	et	PROPN
fsr-3926	75	5	al	al	PROPN
fsr-3926	75	6	.	.	PROPN
fsr-3926	76	1	(	(	PUNCT
fsr-3926	76	2	1994	1994	NUM
fsr-3926	76	3	)	)	PUNCT
fsr-3926	76	4	show	show	VERB
fsr-3926	76	5	that	that	SCONJ
fsr-3926	76	6	the	the	DET
fsr-3926	76	7	market	market	NOUN
fsr-3926	76	8	for	for	ADP
fsr-3926	76	9	high	high	ADJ
fsr-3926	76	10	-	-	PUNCT
fsr-3926	76	11	yield	yield	NOUN
fsr-3926	76	12	bonds	bond	NOUN
fsr-3926	76	13	is	be	AUX
fsr-3926	76	14	a	a	DET
fsr-3926	76	15	distinct	distinct	ADJ
fsr-3926	76	16	debt	debt	NOUN
fsr-3926	76	17	market	market	NOUN
fsr-3926	76	18	segment	segment	NOUN
fsr-3926	76	19	with	with	ADP
fsr-3926	76	20	its	its	PRON
fsr-3926	76	21	own	own	ADJ
fsr-3926	76	22	default	default	NOUN
fsr-3926	76	23	structure	structure	NOUN
fsr-3926	76	24	of	of	ADP
fsr-3926	76	25	interest	interest	NOUN
fsr-3926	76	26	rates	rate	NOUN
fsr-3926	76	27	.	.	PUNCT
fsr-3926	77	1	this	this	DET
fsr-3926	77	2	study	study	NOUN
fsr-3926	77	3	examines	examine	VERB
fsr-3926	77	4	management	management	NOUN
fsr-3926	77	5	effects	effect	NOUN
fsr-3926	77	6	in	in	ADP
fsr-3926	77	7	high	high	ADJ
fsr-3926	77	8	-	-	PUNCT
fsr-3926	77	9	yield	yield	NOUN
fsr-3926	77	10	,	,	PUNCT
fsr-3926	77	11	convertible	convertible	ADJ
fsr-3926	77	12	and	and	CCONJ
fsr-3926	77	13	global	global	ADJ
fsr-3926	77	14	bond	bond	NOUN
fsr-3926	77	15	funds	fund	NOUN
fsr-3926	77	16	.	.	PUNCT
fsr-3926	78	1	current	current	ADJ
fsr-3926	78	2	research	research	NOUN
fsr-3926	78	3	has	have	AUX
fsr-3926	78	4	compared	compare	VERB
fsr-3926	78	5	the	the	DET
fsr-3926	78	6	average	average	ADJ
fsr-3926	78	7	performance	performance	NOUN
fsr-3926	78	8	of	of	ADP
fsr-3926	78	9	high	high	ADJ
fsr-3926	78	10	yield	yield	NOUN
fsr-3926	78	11	bond	bond	NOUN
fsr-3926	78	12	(	(	PUNCT
fsr-3926	78	13	gudikunst	gudikunst	NOUN
fsr-3926	78	14	and	and	CCONJ
fsr-3926	78	15	mccarthy	mccarthy	NOUN
fsr-3926	78	16	,	,	PUNCT
fsr-3926	78	17	1997	1997	NUM
fsr-3926	78	18	)	)	PUNCT
fsr-3926	78	19	and	and	CCONJ
fsr-3926	78	20	global	global	ADJ
fsr-3926	78	21	bond	bond	NOUN
fsr-3926	78	22	(	(	PUNCT
fsr-3926	78	23	detzler	detzler	NOUN
fsr-3926	78	24	,	,	PUNCT
fsr-3926	78	25	1999	1999	NUM
fsr-3926	78	26	)	)	PUNCT
fsr-3926	78	27	mutual	mutual	ADJ
fsr-3926	78	28	funds	fund	NOUN
fsr-3926	78	29	to	to	ADP
fsr-3926	78	30	relevant	relevant	ADJ
fsr-3926	78	31	indexes	index	NOUN
fsr-3926	78	32	,	,	PUNCT
fsr-3926	78	33	finding	find	VERB
fsr-3926	78	34	that	that	SCONJ
fsr-3926	78	35	in	in	ADP
fsr-3926	78	36	the	the	DET
fsr-3926	78	37	aggregate	aggregate	NOUN
fsr-3926	78	38	,	,	PUNCT
fsr-3926	78	39	these	these	DET
fsr-3926	78	40	funds	fund	NOUN
fsr-3926	78	41	do	do	AUX
fsr-3926	78	42	not	not	PART
fsr-3926	78	43	offer	offer	VERB
fsr-3926	78	44	superior	superior	ADJ
fsr-3926	78	45	returns	return	NOUN
fsr-3926	78	46	.	.	PUNCT
fsr-3926	79	1	however	however	ADV
fsr-3926	79	2	,	,	PUNCT
fsr-3926	79	3	no	no	DET
fsr-3926	79	4	study	study	NOUN
fsr-3926	79	5	evaluates	evaluate	VERB
fsr-3926	79	6	management	management	NOUN
fsr-3926	79	7	skill	skill	NOUN
fsr-3926	79	8	in	in	ADP
fsr-3926	79	9	nonconventional	nonconventional	ADJ
fsr-3926	79	10	bonds	bond	NOUN
fsr-3926	79	11	by	by	ADP
fsr-3926	79	12	examining	examine	VERB
fsr-3926	79	13	performance	performance	NOUN
fsr-3926	79	14	persistence	persistence	NOUN
fsr-3926	79	15	or	or	CCONJ
fsr-3926	79	16	management	management	NOUN
fsr-3926	79	17	activity	activity	NOUN
fsr-3926	79	18	.	.	PUNCT
fsr-3926	80	1	as	as	SCONJ
fsr-3926	80	2	stated	state	VERB
fsr-3926	80	3	earlier	early	ADV
fsr-3926	80	4	,	,	PUNCT
fsr-3926	80	5	nonconventional	nonconventional	ADJ
fsr-3926	80	6	bonds	bond	NOUN
fsr-3926	80	7	have	have	VERB
fsr-3926	80	8	characteristics	characteristic	NOUN
fsr-3926	80	9	that	that	PRON
fsr-3926	80	10	make	make	VERB
fsr-3926	80	11	them	they	PRON
fsr-3926	80	12	different	different	ADJ
fsr-3926	80	13	from	from	ADP
fsr-3926	80	14	straight	straight	ADJ
fsr-3926	80	15	domestic	domestic	ADJ
fsr-3926	80	16	bonds	bond	NOUN
fsr-3926	80	17	.	.	PUNCT
fsr-3926	81	1	if	if	SCONJ
fsr-3926	81	2	these	these	DET
fsr-3926	81	3	characteristics	characteristic	NOUN
fsr-3926	81	4	of	of	ADP
fsr-3926	81	5	the	the	DET
fsr-3926	81	6	nonconventional	nonconventional	ADJ
fsr-3926	81	7	debt	debt	NOUN
fsr-3926	81	8	markets	market	NOUN
fsr-3926	81	9	create	create	VERB
fsr-3926	81	10	enough	enough	ADJ
fsr-3926	81	11	diversity	diversity	NOUN
fsr-3926	81	12	among	among	ADP
fsr-3926	81	13	the	the	DET
fsr-3926	81	14	individual	individual	ADJ
fsr-3926	81	15	issues	issue	NOUN
fsr-3926	81	16	in	in	ADP
fsr-3926	81	17	these	these	DET
fsr-3926	81	18	markets	market	NOUN
fsr-3926	81	19	,	,	PUNCT
fsr-3926	81	20	then	then	ADV
fsr-3926	81	21	professional	professional	ADJ
fsr-3926	81	22	managers	manager	NOUN
fsr-3926	81	23	may	may	AUX
fsr-3926	81	24	display	display	VERB
fsr-3926	81	25	consistent	consistent	ADJ
fsr-3926	81	26	relative	relative	ADJ
fsr-3926	81	27	performance	performance	NOUN
fsr-3926	81	28	and	and	CCONJ
fsr-3926	81	29	performance	performance	NOUN
fsr-3926	81	30	that	that	PRON
fsr-3926	81	31	is	be	AUX
fsr-3926	81	32	commensurate	commensurate	ADJ
fsr-3926	81	33	with	with	ADP
fsr-3926	81	34	measures	measure	NOUN
fsr-3926	81	35	of	of	ADP
fsr-3926	81	36	management	management	NOUN
fsr-3926	81	37	activity	activity	NOUN
fsr-3926	81	38	and	and	CCONJ
fsr-3926	81	39	tenure	tenure	NOUN
fsr-3926	81	40	.	.	PUNCT
fsr-3926	82	1	4	4	X
fsr-3926	82	2	.	.	X
fsr-3926	82	3	sample	sample	NOUN
fsr-3926	82	4	we	we	PRON
fsr-3926	82	5	examine	examine	VERB
fsr-3926	82	6	a	a	DET
fsr-3926	82	7	sample	sample	NOUN
fsr-3926	82	8	of	of	ADP
fsr-3926	82	9	73	73	NUM
fsr-3926	82	10	nonconventional	nonconventional	ADJ
fsr-3926	82	11	bond	bond	NOUN
fsr-3926	82	12	mutual	mutual	ADJ
fsr-3926	82	13	funds	fund	NOUN
fsr-3926	82	14	obtained	obtain	VERB
fsr-3926	82	15	from	from	ADP
fsr-3926	82	16	morningstar	morningstar	PROPN
fsr-3926	82	17	ondisc	ondisc	PROPN
fsr-3926	82	18	over	over	ADP
fsr-3926	82	19	the	the	DET
fsr-3926	82	20	period	period	NOUN
fsr-3926	82	21	1988–1997	1988–1997	NUM
fsr-3926	82	22	.	.	PUNCT
fsr-3926	83	1	the	the	DET
fsr-3926	83	2	sample	sample	NOUN
fsr-3926	83	3	includes	include	VERB
fsr-3926	83	4	53	53	NUM
fsr-3926	83	5	high	high	ADJ
fsr-3926	83	6	-	-	PUNCT
fsr-3926	83	7	yield	yield	NOUN
fsr-3926	83	8	,	,	PUNCT
fsr-3926	83	9	10	10	NUM
fsr-3926	83	10	convertible	convertible	ADJ
fsr-3926	83	11	and	and	CCONJ
fsr-3926	83	12	10	10	NUM
fsr-3926	83	13	global	global	ADJ
fsr-3926	83	14	bond	bond	NOUN
fsr-3926	83	15	funds	fund	NOUN
fsr-3926	83	16	.	.	PUNCT
fsr-3926	84	1	(	(	PUNCT
fsr-3926	84	2	morningstar	morningstar	PROPN
fsr-3926	84	3	ondisc	ondisc	PROPN
fsr-3926	84	4	reports	report	VERB
fsr-3926	84	5	that	that	SCONJ
fsr-3926	84	6	in	in	ADP
fsr-3926	84	7	1988	1988	NUM
fsr-3926	84	8	,	,	PUNCT
fsr-3926	84	9	there	there	PRON
fsr-3926	84	10	were	be	VERB
fsr-3926	84	11	a	a	DET
fsr-3926	84	12	total	total	NOUN
fsr-3926	84	13	of	of	ADP
fsr-3926	84	14	90	90	NUM
fsr-3926	84	15	such	such	ADJ
fsr-3926	84	16	funds	fund	NOUN
fsr-3926	84	17	,	,	PUNCT
fsr-3926	84	18	including	include	VERB
fsr-3926	84	19	62	62	NUM
fsr-3926	84	20	high	high	ADJ
fsr-3926	84	21	-	-	PUNCT
fsr-3926	84	22	yield	yield	NOUN
fsr-3926	84	23	,	,	PUNCT
fsr-3926	84	24	16	16	NUM
fsr-3926	84	25	convertible	convertible	ADJ
fsr-3926	84	26	and	and	CCONJ
fsr-3926	84	27	12	12	NUM
fsr-3926	84	28	global	global	ADJ
fsr-3926	84	29	bond	bond	NOUN
fsr-3926	84	30	funds	fund	NOUN
fsr-3926	84	31	.	.	PUNCT
fsr-3926	85	1	thus	thus	ADV
fsr-3926	85	2	our	our	PRON
fsr-3926	85	3	sample	sample	NOUN
fsr-3926	85	4	includes	include	VERB
fsr-3926	85	5	a	a	DET
fsr-3926	85	6	substantial	substantial	ADJ
fsr-3926	85	7	number	number	NOUN
fsr-3926	85	8	of	of	ADP
fsr-3926	85	9	the	the	DET
fsr-3926	85	10	then	then	ADV
fsr-3926	85	11	-	-	PUNCT
fsr-3926	85	12	existing	exist	VERB
fsr-3926	85	13	funds	fund	NOUN
fsr-3926	85	14	.	.	PUNCT
fsr-3926	85	15	)	)	PUNCT
fsr-3926	86	1	we	we	PRON
fsr-3926	86	2	calculated	calculate	VERB
fsr-3926	86	3	the	the	DET
fsr-3926	86	4	funds	fund	NOUN
fsr-3926	86	5	’	'	PUNCT
fsr-3926	86	6	sharpe	sharpe	NOUN
fsr-3926	86	7	performance	performance	NOUN
fsr-3926	86	8	measure	measure	NOUN
fsr-3926	86	9	over	over	ADP
fsr-3926	86	10	oneand	oneand	NOUN
fsr-3926	86	11	five	five	NUM
fsr-3926	86	12	-	-	PUNCT
fsr-3926	86	13	year	year	NOUN
fsr-3926	86	14	time	time	NOUN
fsr-3926	86	15	horizons	horizon	NOUN
fsr-3926	86	16	using	use	VERB
fsr-3926	86	17	quarterly	quarterly	ADJ
fsr-3926	86	18	returns	return	NOUN
fsr-3926	86	19	.	.	PUNCT
fsr-3926	87	1	the	the	DET
fsr-3926	87	2	sharpe	sharpe	PROPN
fsr-3926	87	3	measure	measure	NOUN
fsr-3926	87	4	uses	use	VERB
fsr-3926	87	5	the	the	DET
fsr-3926	87	6	standard	standard	ADJ
fsr-3926	87	7	deviation	deviation	NOUN
fsr-3926	87	8	of	of	ADP
fsr-3926	87	9	returns	return	NOUN
fsr-3926	87	10	to	to	PART
fsr-3926	87	11	adjust	adjust	VERB
fsr-3926	87	12	for	for	ADP
fsr-3926	87	13	risk	risk	NOUN
fsr-3926	87	14	and	and	CCONJ
fsr-3926	87	15	provides	provide	VERB
fsr-3926	87	16	a	a	DET
fsr-3926	87	17	risk	risk	NOUN
fsr-3926	87	18	-	-	PUNCT
fsr-3926	87	19	adjusted	adjust	VERB
fsr-3926	87	20	relative	relative	ADJ
fsr-3926	87	21	performance	performance	NOUN
fsr-3926	87	22	measure	measure	NOUN
fsr-3926	87	23	that	that	PRON
fsr-3926	87	24	best	good	ADJ
fsr-3926	87	25	suits	suit	NOUN
fsr-3926	87	26	this	this	DET
fsr-3926	87	27	study	study	NOUN
fsr-3926	87	28	.	.	PUNCT
fsr-3926	88	1	250	250	NUM
fsr-3926	88	2	j.	j.	PROPN
fsr-3926	88	3	philpot	philpot	PROPN
fsr-3926	88	4	/	/	SYM
fsr-3926	88	5	financial	financial	ADJ
fsr-3926	88	6	services	service	NOUN
fsr-3926	88	7	review	review	VERB
fsr-3926	88	8	9	9	NUM
fsr-3926	88	9	(	(	PUNCT
fsr-3926	88	10	2000	2000	NUM
fsr-3926	88	11	)	)	PUNCT
fsr-3926	89	1	247–258	247–258	NOUN
fsr-3926	89	2	using	use	VERB
fsr-3926	89	3	data	datum	NOUN
fsr-3926	89	4	from	from	ADP
fsr-3926	89	5	such	such	DET
fsr-3926	89	6	a	a	DET
fsr-3926	89	7	long	long	ADJ
fsr-3926	89	8	time	time	NOUN
fsr-3926	89	9	period	period	NOUN
fsr-3926	89	10	may	may	AUX
fsr-3926	89	11	increase	increase	VERB
fsr-3926	89	12	the	the	DET
fsr-3926	89	13	risk	risk	NOUN
fsr-3926	89	14	of	of	ADP
fsr-3926	89	15	survivorship	survivorship	NOUN
fsr-3926	89	16	bias	bias	NOUN
fsr-3926	89	17	in	in	ADP
fsr-3926	89	18	the	the	DET
fsr-3926	89	19	sample	sample	NOUN
fsr-3926	89	20	.	.	PUNCT
fsr-3926	90	1	the	the	DET
fsr-3926	90	2	risk	risk	NOUN
fsr-3926	90	3	of	of	ADP
fsr-3926	90	4	bias	bias	NOUN
fsr-3926	90	5	is	be	AUX
fsr-3926	90	6	greatest	great	ADJ
fsr-3926	90	7	in	in	ADP
fsr-3926	90	8	studies	study	NOUN
fsr-3926	90	9	that	that	PRON
fsr-3926	90	10	primarily	primarily	ADV
fsr-3926	90	11	seek	seek	VERB
fsr-3926	90	12	to	to	PART
fsr-3926	90	13	measure	measure	VERB
fsr-3926	90	14	aggregate	aggregate	VERB
fsr-3926	90	15	mutual	mutual	ADJ
fsr-3926	90	16	fund	fund	NOUN
fsr-3926	90	17	performance	performance	NOUN
fsr-3926	90	18	against	against	ADP
fsr-3926	90	19	an	an	DET
fsr-3926	90	20	unmanaged	unmanaged	ADJ
fsr-3926	90	21	index	index	NOUN
fsr-3926	90	22	over	over	ADP
fsr-3926	90	23	time	time	NOUN
fsr-3926	90	24	,	,	PUNCT
fsr-3926	90	25	because	because	SCONJ
fsr-3926	90	26	the	the	DET
fsr-3926	90	27	best	good	ADJ
fsr-3926	90	28	performing	perform	VERB
fsr-3926	90	29	funds	fund	NOUN
fsr-3926	90	30	are	be	AUX
fsr-3926	90	31	the	the	DET
fsr-3926	90	32	ones	one	NOUN
fsr-3926	90	33	most	most	ADV
fsr-3926	90	34	likely	likely	ADJ
fsr-3926	90	35	to	to	PART
fsr-3926	90	36	continue	continue	VERB
fsr-3926	90	37	in	in	ADP
fsr-3926	90	38	independent	independent	ADJ
fsr-3926	90	39	operation	operation	NOUN
fsr-3926	90	40	.	.	PUNCT
fsr-3926	91	1	brown	brown	PROPN
fsr-3926	91	2	and	and	CCONJ
fsr-3926	91	3	goetzmann	goetzmann	PROPN
fsr-3926	91	4	(	(	PUNCT
fsr-3926	91	5	1997	1997	NUM
fsr-3926	91	6	)	)	PUNCT
fsr-3926	91	7	and	and	CCONJ
fsr-3926	91	8	hendricks	hendrick	NOUN
fsr-3926	91	9	and	and	CCONJ
fsr-3926	91	10	patel	patel	PROPN
fsr-3926	91	11	(	(	PUNCT
fsr-3926	91	12	1997	1997	NUM
fsr-3926	91	13	)	)	PUNCT
fsr-3926	91	14	suggest	suggest	VERB
fsr-3926	91	15	that	that	SCONJ
fsr-3926	91	16	survivorship	survivorship	NOUN
fsr-3926	91	17	may	may	AUX
fsr-3926	91	18	also	also	ADV
fsr-3926	91	19	cause	cause	VERB
fsr-3926	91	20	spurious	spurious	ADJ
fsr-3926	91	21	performance	performance	NOUN
fsr-3926	91	22	persistence	persistence	NOUN
fsr-3926	91	23	estimates	estimate	NOUN
fsr-3926	91	24	.	.	PUNCT
fsr-3926	92	1	we	we	PRON
fsr-3926	92	2	acknowledge	acknowledge	VERB
fsr-3926	92	3	the	the	DET
fsr-3926	92	4	possibility	possibility	NOUN
fsr-3926	92	5	of	of	ADP
fsr-3926	92	6	survivor	survivor	NOUN
fsr-3926	92	7	bias	bias	NOUN
fsr-3926	92	8	in	in	ADP
fsr-3926	92	9	our	our	PRON
fsr-3926	92	10	data	datum	NOUN
fsr-3926	92	11	set	set	VERB
fsr-3926	92	12	.	.	PUNCT
fsr-3926	93	1	because	because	SCONJ
fsr-3926	93	2	survival	survival	NOUN
fsr-3926	93	3	bias	bias	NOUN
fsr-3926	93	4	in	in	ADP
fsr-3926	93	5	mutual	mutual	ADJ
fsr-3926	93	6	funds	fund	NOUN
fsr-3926	93	7	is	be	AUX
fsr-3926	93	8	largely	largely	ADV
fsr-3926	93	9	a	a	DET
fsr-3926	93	10	function	function	NOUN
fsr-3926	93	11	of	of	ADP
fsr-3926	93	12	returns	return	NOUN
fsr-3926	93	13	differences	difference	NOUN
fsr-3926	93	14	among	among	ADP
fsr-3926	93	15	funds	fund	NOUN
fsr-3926	93	16	,	,	PUNCT
fsr-3926	93	17	we	we	PRON
fsr-3926	93	18	compare	compare	VERB
fsr-3926	93	19	the	the	DET
fsr-3926	93	20	mean	mean	ADJ
fsr-3926	93	21	annual	annual	ADJ
fsr-3926	93	22	returns	return	NOUN
fsr-3926	93	23	of	of	ADP
fsr-3926	93	24	our	our	PRON
fsr-3926	93	25	sampled	sample	VERB
fsr-3926	93	26	funds	fund	NOUN
fsr-3926	93	27	to	to	ADP
fsr-3926	93	28	population	population	NOUN
fsr-3926	93	29	means	mean	NOUN
fsr-3926	93	30	reported	report	VERB
fsr-3926	93	31	by	by	ADP
fsr-3926	93	32	morningstar	morningstar	PROPN
fsr-3926	93	33	over	over	ADP
fsr-3926	93	34	the	the	DET
fsr-3926	93	35	sample	sample	NOUN
fsr-3926	93	36	period	period	NOUN
fsr-3926	93	37	.	.	PUNCT
fsr-3926	94	1	table	table	NOUN
fsr-3926	94	2	1	1	NUM
fsr-3926	94	3	shows	show	VERB
fsr-3926	94	4	the	the	DET
fsr-3926	94	5	mean	mean	ADJ
fsr-3926	94	6	returns	return	NOUN
fsr-3926	94	7	of	of	ADP
fsr-3926	94	8	the	the	DET
fsr-3926	94	9	sampled	sample	VERB
fsr-3926	94	10	funds	fund	NOUN
fsr-3926	94	11	and	and	CCONJ
fsr-3926	94	12	the	the	DET
fsr-3926	94	13	population	population	NOUN
fsr-3926	94	14	means	mean	VERB
fsr-3926	94	15	.	.	PUNCT
fsr-3926	95	1	hypothesis	hypothesis	NOUN
fsr-3926	95	2	tests	test	NOUN
fsr-3926	95	3	show	show	VERB
fsr-3926	95	4	no	no	DET
fsr-3926	95	5	significant	significant	ADJ
fsr-3926	95	6	differences	difference	NOUN
fsr-3926	95	7	in	in	ADP
fsr-3926	95	8	the	the	DET
fsr-3926	95	9	sample	sample	NOUN
fsr-3926	95	10	and	and	CCONJ
fsr-3926	95	11	population	population	NOUN
fsr-3926	95	12	means	mean	VERB
fsr-3926	95	13	for	for	ADP
fsr-3926	95	14	any	any	PRON
fsr-3926	95	15	of	of	ADP
fsr-3926	95	16	the	the	DET
fsr-3926	95	17	fund	fund	NOUN
fsr-3926	95	18	types	type	NOUN
fsr-3926	95	19	.	.	PUNCT
fsr-3926	96	1	this	this	DET
fsr-3926	96	2	observation	observation	NOUN
fsr-3926	96	3	and	and	CCONJ
fsr-3926	96	4	the	the	DET
fsr-3926	96	5	fact	fact	NOUN
fsr-3926	96	6	that	that	SCONJ
fsr-3926	96	7	our	our	PRON
fsr-3926	96	8	sample	sample	NOUN
fsr-3926	96	9	includes	include	VERB
fsr-3926	96	10	a	a	DET
fsr-3926	96	11	large	large	ADJ
fsr-3926	96	12	proportion	proportion	NOUN
fsr-3926	96	13	of	of	ADP
fsr-3926	96	14	the	the	DET
fsr-3926	96	15	population	population	NOUN
fsr-3926	96	16	at	at	ADP
fsr-3926	96	17	the	the	DET
fsr-3926	96	18	beginning	beginning	NOUN
fsr-3926	96	19	of	of	ADP
fsr-3926	96	20	the	the	DET
fsr-3926	96	21	sample	sample	NOUN
fsr-3926	96	22	period	period	NOUN
fsr-3926	96	23	suggest	suggest	VERB
fsr-3926	96	24	that	that	SCONJ
fsr-3926	96	25	any	any	DET
fsr-3926	96	26	bias	bias	NOUN
fsr-3926	96	27	present	present	ADJ
fsr-3926	96	28	is	be	AUX
fsr-3926	96	29	likely	likely	ADJ
fsr-3926	96	30	to	to	PART
fsr-3926	96	31	be	be	AUX
fsr-3926	96	32	small	small	ADJ
fsr-3926	96	33	.	.	PUNCT
fsr-3926	97	1	5	5	X
fsr-3926	97	2	.	.	X
fsr-3926	97	3	analysis	analysis	NOUN
fsr-3926	97	4	we	we	PRON
fsr-3926	97	5	begin	begin	VERB
fsr-3926	97	6	by	by	ADP
fsr-3926	97	7	examining	examine	VERB
fsr-3926	97	8	the	the	DET
fsr-3926	97	9	tendency	tendency	NOUN
fsr-3926	97	10	of	of	ADP
fsr-3926	97	11	nonconventional	nonconventional	ADJ
fsr-3926	97	12	bond	bond	NOUN
fsr-3926	97	13	mutual	mutual	ADJ
fsr-3926	97	14	fund	fund	NOUN
fsr-3926	97	15	managers	manager	NOUN
fsr-3926	97	16	to	to	PART
fsr-3926	97	17	maintain	maintain	VERB
fsr-3926	97	18	their	their	PRON
fsr-3926	97	19	risk	risk	NOUN
fsr-3926	97	20	-	-	PUNCT
fsr-3926	97	21	adjusted	adjust	VERB
fsr-3926	97	22	performance	performance	NOUN
fsr-3926	97	23	ranking	rank	VERB
fsr-3926	97	24	from	from	ADP
fsr-3926	97	25	period	period	NOUN
fsr-3926	97	26	to	to	ADP
fsr-3926	97	27	period	period	NOUN
fsr-3926	97	28	.	.	PUNCT
fsr-3926	98	1	under	under	ADP
fsr-3926	98	2	the	the	DET
fsr-3926	98	3	hypothesis	hypothesis	NOUN
fsr-3926	98	4	of	of	ADP
fsr-3926	98	5	no	no	DET
fsr-3926	98	6	performance	performance	NOUN
fsr-3926	98	7	persistence	persistence	NOUN
fsr-3926	98	8	,	,	PUNCT
fsr-3926	98	9	a	a	DET
fsr-3926	98	10	mutual	mutual	ADJ
fsr-3926	98	11	fund	fund	NOUN
fsr-3926	98	12	’s	’s	PART
fsr-3926	98	13	ranking	ranking	NOUN
fsr-3926	98	14	in	in	ADP
fsr-3926	98	15	one	one	NUM
fsr-3926	98	16	period	period	NOUN
fsr-3926	98	17	should	should	AUX
fsr-3926	98	18	be	be	AUX
fsr-3926	98	19	independent	independent	ADJ
fsr-3926	98	20	of	of	ADP
fsr-3926	98	21	its	its	PRON
fsr-3926	98	22	ranking	ranking	NOUN
fsr-3926	98	23	in	in	ADP
fsr-3926	98	24	the	the	DET
fsr-3926	98	25	prior	prior	ADJ
fsr-3926	98	26	period	period	NOUN
fsr-3926	98	27	.	.	PUNCT
fsr-3926	99	1	that	that	PRON
fsr-3926	99	2	is	is	ADV
fsr-3926	99	3	,	,	PUNCT
fsr-3926	99	4	a	a	DET
fsr-3926	99	5	fund	fund	NOUN
fsr-3926	99	6	in	in	ADP
fsr-3926	99	7	one	one	NUM
fsr-3926	99	8	quintile	quintile	NOUN
fsr-3926	99	9	rank	rank	NOUN
fsr-3926	99	10	in	in	ADP
fsr-3926	99	11	one	one	NUM
fsr-3926	99	12	period	period	NOUN
fsr-3926	99	13	should	should	AUX
fsr-3926	99	14	be	be	AUX
fsr-3926	99	15	equally	equally	ADV
fsr-3926	99	16	likely	likely	ADJ
fsr-3926	99	17	to	to	PART
fsr-3926	99	18	be	be	AUX
fsr-3926	99	19	in	in	ADP
fsr-3926	99	20	any	any	DET
fsr-3926	99	21	quintile	quintile	NOUN
fsr-3926	99	22	in	in	ADP
fsr-3926	99	23	a	a	DET
fsr-3926	99	24	following	follow	VERB
fsr-3926	99	25	period	period	NOUN
fsr-3926	99	26	.	.	PUNCT
fsr-3926	100	1	table	table	NOUN
fsr-3926	100	2	2	2	NUM
fsr-3926	100	3	shows	show	VERB
fsr-3926	100	4	contingency	contingency	NOUN
fsr-3926	100	5	tables	table	NOUN
fsr-3926	100	6	of	of	ADP
fsr-3926	100	7	prior	prior	ADJ
fsr-3926	100	8	and	and	CCONJ
fsr-3926	100	9	following	follow	VERB
fsr-3926	100	10	one	one	NUM
fsr-3926	100	11	-	-	PUNCT
fsr-3926	100	12	year	year	NOUN
fsr-3926	100	13	quintile	quintile	NOUN
fsr-3926	100	14	ranks	rank	NOUN
fsr-3926	100	15	of	of	ADP
fsr-3926	100	16	nonconventional	nonconventional	ADJ
fsr-3926	100	17	mutual	mutual	ADJ
fsr-3926	100	18	fund	fund	NOUN
fsr-3926	100	19	sharpe	sharpe	PROPN
fsr-3926	100	20	measure	measure	PROPN
fsr-3926	100	21	performance	performance	NOUN
fsr-3926	100	22	over	over	ADP
fsr-3926	100	23	the	the	DET
fsr-3926	100	24	sample	sample	NOUN
fsr-3926	100	25	period	period	NOUN
fsr-3926	100	26	.	.	PUNCT
fsr-3926	101	1	panel	panel	NOUN
fsr-3926	101	2	a	a	PRON
fsr-3926	101	3	contains	contain	VERB
fsr-3926	101	4	results	result	NOUN
fsr-3926	101	5	for	for	ADP
fsr-3926	101	6	the	the	DET
fsr-3926	101	7	full	full	ADJ
fsr-3926	101	8	sample	sample	NOUN
fsr-3926	101	9	of	of	ADP
fsr-3926	101	10	73	73	NUM
fsr-3926	101	11	funds	fund	NOUN
fsr-3926	101	12	.	.	PUNCT
fsr-3926	102	1	ax2	ax2	NOUN
fsr-3926	102	2	test	test	NOUN
fsr-3926	102	3	rejects	reject	VERB
fsr-3926	102	4	the	the	DET
fsr-3926	102	5	hypothesis	hypothesis	NOUN
fsr-3926	102	6	of	of	ADP
fsr-3926	102	7	a	a	DET
fsr-3926	102	8	uniform	uniform	ADJ
fsr-3926	102	9	distribution	distribution	NOUN
fsr-3926	102	10	in	in	ADP
fsr-3926	102	11	the	the	DET
fsr-3926	102	12	table	table	NOUN
fsr-3926	102	13	.	.	PUNCT
fsr-3926	103	1	inspection	inspection	NOUN
fsr-3926	103	2	of	of	ADP
fsr-3926	103	3	the	the	DET
fsr-3926	103	4	table	table	NOUN
fsr-3926	103	5	values	value	NOUN
fsr-3926	103	6	reveals	reveal	VERB
fsr-3926	103	7	,	,	PUNCT
fsr-3926	103	8	most	most	ADV
fsr-3926	103	9	notably	notably	ADV
fsr-3926	103	10	,	,	PUNCT
fsr-3926	103	11	that	that	SCONJ
fsr-3926	103	12	funds	fund	NOUN
fsr-3926	103	13	performing	perform	VERB
fsr-3926	103	14	in	in	ADP
fsr-3926	103	15	the	the	DET
fsr-3926	103	16	bottom	bottom	ADJ
fsr-3926	103	17	quintile	quintile	NOUN
fsr-3926	103	18	in	in	ADP
fsr-3926	103	19	the	the	DET
fsr-3926	103	20	first	first	ADJ
fsr-3926	103	21	year	year	NOUN
fsr-3926	103	22	are	be	AUX
fsr-3926	103	23	likely	likely	ADJ
fsr-3926	103	24	to	to	PART
fsr-3926	103	25	remain	remain	VERB
fsr-3926	103	26	poor	poor	ADJ
fsr-3926	103	27	relative	relative	ADJ
fsr-3926	103	28	performers	performer	NOUN
fsr-3926	103	29	.	.	PUNCT
fsr-3926	104	1	there	there	PRON
fsr-3926	104	2	appears	appear	VERB
fsr-3926	104	3	to	to	PART
fsr-3926	104	4	be	be	AUX
fsr-3926	104	5	a	a	DET
fsr-3926	104	6	very	very	ADV
fsr-3926	104	7	weak	weak	ADJ
fsr-3926	104	8	tendency	tendency	NOUN
fsr-3926	104	9	for	for	SCONJ
fsr-3926	104	10	funds	fund	NOUN
fsr-3926	104	11	in	in	ADP
fsr-3926	104	12	the	the	DET
fsr-3926	104	13	top	top	ADJ
fsr-3926	104	14	or	or	CCONJ
fsr-3926	104	15	second	second	ADJ
fsr-3926	104	16	quintiles	quintile	NOUN
fsr-3926	104	17	to	to	PART
fsr-3926	104	18	remain	remain	VERB
fsr-3926	104	19	good	good	ADJ
fsr-3926	104	20	performers	performer	NOUN
fsr-3926	104	21	.	.	PUNCT
fsr-3926	105	1	middle	middle	ADJ
fsr-3926	105	2	-	-	PUNCT
fsr-3926	105	3	performing	perform	VERB
fsr-3926	105	4	funds	fund	NOUN
fsr-3926	105	5	tend	tend	VERB
fsr-3926	105	6	to	to	PART
fsr-3926	105	7	remain	remain	VERB
fsr-3926	105	8	in	in	ADP
fsr-3926	105	9	the	the	DET
fsr-3926	105	10	middle	middle	NOUN
fsr-3926	105	11	in	in	ADP
fsr-3926	105	12	the	the	DET
fsr-3926	105	13	subsequent	subsequent	ADJ
fsr-3926	105	14	one	one	NUM
fsr-3926	105	15	-	-	PUNCT
fsr-3926	105	16	year	year	NOUN
fsr-3926	105	17	period	period	NOUN
fsr-3926	105	18	.	.	PUNCT
fsr-3926	106	1	the	the	DET
fsr-3926	106	2	apparent	apparent	ADJ
fsr-3926	106	3	persistence	persistence	NOUN
fsr-3926	106	4	seems	seem	VERB
fsr-3926	106	5	to	to	PART
fsr-3926	106	6	be	be	AUX
fsr-3926	106	7	driven	drive	VERB
fsr-3926	106	8	by	by	ADP
fsr-3926	106	9	the	the	DET
fsr-3926	106	10	high	high	ADJ
fsr-3926	106	11	-	-	PUNCT
fsr-3926	106	12	yield	yield	NOUN
fsr-3926	106	13	bond	bond	NOUN
fsr-3926	106	14	mutual	mutual	ADJ
fsr-3926	106	15	funds	fund	NOUN
fsr-3926	106	16	.	.	PUNCT
fsr-3926	107	1	panel	panel	NOUN
fsr-3926	107	2	b	b	PROPN
fsr-3926	107	3	of	of	ADP
fsr-3926	107	4	table	table	NOUN
fsr-3926	107	5	2	2	NUM
fsr-3926	107	6	shows	show	VERB
fsr-3926	107	7	the	the	DET
fsr-3926	107	8	contingency	contingency	NOUN
fsr-3926	107	9	table	table	NOUN
fsr-3926	107	10	test	test	NOUN
fsr-3926	107	11	with	with	ADP
fsr-3926	107	12	one	one	NUM
fsr-3926	107	13	-	-	PUNCT
fsr-3926	107	14	year	year	NOUN
fsr-3926	107	15	sharpe	sharpe	NOUN
fsr-3926	107	16	measures	measure	NOUN
fsr-3926	107	17	for	for	ADP
fsr-3926	107	18	the	the	DET
fsr-3926	107	19	53	53	NUM
fsr-3926	107	20	high	high	ADJ
fsr-3926	107	21	-	-	PUNCT
fsr-3926	107	22	yield	yield	NOUN
fsr-3926	107	23	funds	fund	NOUN
fsr-3926	107	24	.	.	PUNCT
fsr-3926	108	1	the	the	DET
fsr-3926	108	2	panel	panel	NOUN
fsr-3926	108	3	b	b	PROPN
fsr-3926	108	4	results	result	VERB
fsr-3926	108	5	roughly	roughly	ADV
fsr-3926	108	6	mirror	mirror	VERB
fsr-3926	108	7	those	those	PRON
fsr-3926	108	8	of	of	ADP
fsr-3926	108	9	the	the	DET
fsr-3926	108	10	full	full	ADJ
fsr-3926	108	11	sample	sample	NOUN
fsr-3926	108	12	.	.	PUNCT
fsr-3926	109	1	panels	panel	NOUN
fsr-3926	109	2	c	c	PROPN
fsr-3926	109	3	and	and	CCONJ
fsr-3926	109	4	d	d	PROPN
fsr-3926	109	5	of	of	ADP
fsr-3926	109	6	table	table	NOUN
fsr-3926	109	7	2	2	NUM
fsr-3926	109	8	show	show	NOUN
fsr-3926	109	9	,	,	PUNCT
fsr-3926	109	10	respectively	respectively	ADV
fsr-3926	109	11	,	,	PUNCT
fsr-3926	109	12	the	the	DET
fsr-3926	109	13	same	same	ADJ
fsr-3926	109	14	contingency	contingency	NOUN
fsr-3926	109	15	table	table	NOUN
fsr-3926	109	16	tests	test	NOUN
fsr-3926	109	17	for	for	ADP
fsr-3926	109	18	the	the	DET
fsr-3926	109	19	convertible	convertible	ADJ
fsr-3926	109	20	bond	bond	NOUN
fsr-3926	109	21	and	and	CCONJ
fsr-3926	109	22	global	global	ADJ
fsr-3926	109	23	bond	bond	NOUN
fsr-3926	109	24	funds	fund	NOUN
fsr-3926	109	25	.	.	PUNCT
fsr-3926	110	1	unlike	unlike	ADP
fsr-3926	110	2	the	the	DET
fsr-3926	110	3	high	high	ADJ
fsr-3926	110	4	-	-	PUNCT
fsr-3926	110	5	yield	yield	NOUN
fsr-3926	110	6	funds	fund	NOUN
fsr-3926	110	7	,	,	PUNCT
fsr-3926	110	8	these	these	DET
fsr-3926	110	9	mutual	mutual	ADJ
fsr-3926	110	10	funds	fund	NOUN
fsr-3926	110	11	exhibit	exhibit	VERB
fsr-3926	110	12	a	a	DET
fsr-3926	110	13	uniform	uniform	ADJ
fsr-3926	110	14	table	table	NOUN
fsr-3926	110	15	1	1	NUM
fsr-3926	110	16	sample	sample	NOUN
fsr-3926	110	17	and	and	CCONJ
fsr-3926	110	18	morningstar	morningstar	PROPN
fsr-3926	110	19	ondisc	ondisc	PROPN
fsr-3926	110	20	population	population	NOUN
fsr-3926	110	21	mean	mean	VERB
fsr-3926	110	22	annual	annual	ADJ
fsr-3926	110	23	mutual	mutual	ADJ
fsr-3926	110	24	fund	fund	NOUN
fsr-3926	110	25	returns	return	NOUN
fsr-3926	110	26	over	over	ADP
fsr-3926	110	27	the	the	DET
fsr-3926	110	28	period	period	NOUN
fsr-3926	110	29	1988–1997	1988–1997	NUM
fsr-3926	110	30	,	,	PUNCT
fsr-3926	110	31	by	by	ADP
fsr-3926	110	32	fund	fund	NOUN
fsr-3926	110	33	type	type	NOUN
fsr-3926	110	34	.	.	PUNCT
fsr-3926	111	1	t	t	PROPN
fsr-3926	111	2	-	-	PUNCT
fsr-3926	111	3	statistics	statistic	NOUN
fsr-3926	111	4	test	test	NOUN
fsr-3926	111	5	the	the	DET
fsr-3926	111	6	null	null	ADJ
fsr-3926	111	7	hypothesis	hypothesis	NOUN
fsr-3926	111	8	of	of	ADP
fsr-3926	111	9	equal	equal	ADJ
fsr-3926	111	10	population	population	NOUN
fsr-3926	111	11	and	and	CCONJ
fsr-3926	111	12	sample	sample	NOUN
fsr-3926	111	13	means	mean	NOUN
fsr-3926	111	14	.	.	PUNCT
fsr-3926	112	1	fund	fund	NOUN
fsr-3926	112	2	type	type	NOUN
fsr-3926	112	3	sample	sample	NOUN
fsr-3926	112	4	mean	mean	NOUN
fsr-3926	112	5	population	population	NOUN
fsr-3926	112	6	mean	mean	VERB
fsr-3926	112	7	t	t	PROPN
fsr-3926	112	8	-	-	PUNCT
fsr-3926	112	9	statistic	statistic	NOUN
fsr-3926	112	10	high	high	ADJ
fsr-3926	112	11	yield	yield	NOUN
fsr-3926	112	12	11.45	11.45	NUM
fsr-3926	112	13	%	%	NOUN
fsr-3926	112	14	10.63	10.63	NUM
fsr-3926	112	15	%	%	NOUN
fsr-3926	112	16	0.01	0.01	NUM
fsr-3926	112	17	convertible	convertible	ADJ
fsr-3926	112	18	13.69	13.69	NUM
fsr-3926	112	19	%	%	NOUN
fsr-3926	112	20	13.24	13.24	NUM
fsr-3926	112	21	%	%	NOUN
fsr-3926	112	22	0.01	0.01	NUM
fsr-3926	112	23	world	world	NOUN
fsr-3926	112	24	bond	bond	NOUN
fsr-3926	112	25	7.58	7.58	NUM
fsr-3926	112	26	%	%	NOUN
fsr-3926	112	27	8.13	8.13	NUM
fsr-3926	112	28	%	%	NOUN
fsr-3926	112	29	20.02	20.02	NUM
fsr-3926	112	30	251j	251j	PROPN
fsr-3926	112	31	.	.	PUNCT
fsr-3926	113	1	philpot	philpot	PROPN
fsr-3926	113	2	/	/	SYM
fsr-3926	113	3	financial	financial	ADJ
fsr-3926	113	4	services	service	NOUN
fsr-3926	113	5	review	review	VERB
fsr-3926	113	6	9	9	NUM
fsr-3926	113	7	(	(	PUNCT
fsr-3926	113	8	2000	2000	NUM
fsr-3926	113	9	)	)	PUNCT
fsr-3926	113	10	247–258	247–258	NUM
fsr-3926	113	11	distribution	distribution	NOUN
fsr-3926	113	12	.	.	PUNCT
fsr-3926	114	1	thus	thus	ADV
fsr-3926	114	2	,	,	PUNCT
fsr-3926	114	3	it	it	PRON
fsr-3926	114	4	appears	appear	VERB
fsr-3926	114	5	that	that	SCONJ
fsr-3926	114	6	in	in	ADP
fsr-3926	114	7	the	the	DET
fsr-3926	114	8	near	near	ADJ
fsr-3926	114	9	term	term	NOUN
fsr-3926	114	10	(	(	PUNCT
fsr-3926	114	11	based	base	VERB
fsr-3926	114	12	on	on	ADP
fsr-3926	114	13	one	one	NUM
fsr-3926	114	14	-	-	PUNCT
fsr-3926	114	15	year	year	NOUN
fsr-3926	114	16	returns	return	NOUN
fsr-3926	114	17	)	)	PUNCT
fsr-3926	114	18	there	there	PRON
fsr-3926	114	19	is	be	VERB
fsr-3926	114	20	weak	weak	ADJ
fsr-3926	114	21	evidence	evidence	NOUN
fsr-3926	114	22	of	of	ADP
fsr-3926	114	23	performance	performance	NOUN
fsr-3926	114	24	persistence	persistence	NOUN
fsr-3926	114	25	among	among	ADP
fsr-3926	114	26	high	high	ADJ
fsr-3926	114	27	-	-	PUNCT
fsr-3926	114	28	yield	yield	NOUN
fsr-3926	114	29	bond	bond	NOUN
fsr-3926	114	30	funds	fund	NOUN
fsr-3926	114	31	,	,	PUNCT
fsr-3926	114	32	but	but	CCONJ
fsr-3926	114	33	not	not	PART
fsr-3926	114	34	the	the	DET
fsr-3926	114	35	other	other	ADJ
fsr-3926	114	36	fund	fund	NOUN
fsr-3926	114	37	types	type	NOUN
fsr-3926	114	38	.	.	PUNCT
fsr-3926	115	1	recognizing	recognize	VERB
fsr-3926	115	2	that	that	SCONJ
fsr-3926	115	3	mutual	mutual	ADJ
fsr-3926	115	4	funds	fund	NOUN
fsr-3926	115	5	may	may	AUX
fsr-3926	115	6	change	change	VERB
fsr-3926	115	7	managers	manager	NOUN
fsr-3926	115	8	and	and	CCONJ
fsr-3926	115	9	that	that	DET
fsr-3926	115	10	manager	manager	NOUN
fsr-3926	115	11	change	change	NOUN
fsr-3926	115	12	may	may	AUX
fsr-3926	115	13	affect	affect	VERB
fsr-3926	115	14	performance	performance	NOUN
fsr-3926	115	15	consistency	consistency	NOUN
fsr-3926	115	16	,	,	PUNCT
fsr-3926	115	17	we	we	PRON
fsr-3926	115	18	tested	test	VERB
fsr-3926	115	19	only	only	ADV
fsr-3926	115	20	the	the	DET
fsr-3926	115	21	24	24	NUM
fsr-3926	115	22	nonconventional	nonconventional	ADJ
fsr-3926	115	23	bond	bond	NOUN
fsr-3926	115	24	funds	fund	NOUN
fsr-3926	115	25	that	that	PRON
fsr-3926	115	26	had	have	VERB
fsr-3926	115	27	the	the	DET
fsr-3926	115	28	same	same	ADJ
fsr-3926	115	29	manager	manager	NOUN
fsr-3926	115	30	throughout	throughout	ADP
fsr-3926	115	31	the	the	DET
fsr-3926	115	32	sample	sample	NOUN
fsr-3926	115	33	period	period	NOUN
fsr-3926	115	34	.	.	PUNCT
fsr-3926	116	1	panel	panel	NOUN
fsr-3926	116	2	e	e	PROPN
fsr-3926	116	3	of	of	ADP
fsr-3926	116	4	table	table	NOUN
fsr-3926	116	5	2	2	NUM
fsr-3926	116	6	contains	contain	VERB
fsr-3926	116	7	these	these	DET
fsr-3926	116	8	results.x2	results.x2	NOUN
fsr-3926	116	9	tests	test	NOUN
fsr-3926	116	10	are	be	AUX
fsr-3926	116	11	unable	unable	ADJ
fsr-3926	116	12	to	to	PART
fsr-3926	116	13	reject	reject	VERB
fsr-3926	116	14	the	the	DET
fsr-3926	116	15	hypothesis	hypothesis	NOUN
fsr-3926	116	16	of	of	ADP
fsr-3926	116	17	a	a	DET
fsr-3926	116	18	uniform	uniform	ADJ
fsr-3926	116	19	distribution	distribution	NOUN
fsr-3926	116	20	.	.	PUNCT
fsr-3926	117	1	thus	thus	ADV
fsr-3926	117	2	,	,	PUNCT
fsr-3926	117	3	even	even	ADV
fsr-3926	117	4	when	when	SCONJ
fsr-3926	117	5	mantable	mantable	ADJ
fsr-3926	117	6	2	2	NUM
fsr-3926	117	7	chi	chi	ADJ
fsr-3926	117	8	-	-	PUNCT
fsr-3926	117	9	squared	square	VERB
fsr-3926	117	10	tests	test	NOUN
fsr-3926	117	11	of	of	ADP
fsr-3926	117	12	non	non	ADJ
fsr-3926	117	13	-	-	ADJ
fsr-3926	117	14	conventional	conventional	ADJ
fsr-3926	117	15	bond	bond	NOUN
fsr-3926	117	16	mutual	mutual	ADJ
fsr-3926	117	17	fund	fund	NOUN
fsr-3926	117	18	relative	relative	ADJ
fsr-3926	117	19	performance	performance	NOUN
fsr-3926	117	20	persistence	persistence	NOUN
fsr-3926	117	21	in	in	ADP
fsr-3926	117	22	one	one	NUM
fsr-3926	117	23	-	-	PUNCT
fsr-3926	117	24	year	year	NOUN
fsr-3926	117	25	increments	increment	NOUN
fsr-3926	117	26	over	over	ADP
fsr-3926	117	27	the	the	DET
fsr-3926	117	28	period	period	NOUN
fsr-3926	117	29	1988–1997	1988–1997	NUM
fsr-3926	117	30	using	use	VERB
fsr-3926	117	31	the	the	DET
fsr-3926	117	32	sharpe	sharpe	NOUN
fsr-3926	117	33	measure	measure	NOUN
fsr-3926	117	34	.	.	PUNCT
fsr-3926	118	1	the	the	DET
fsr-3926	118	2	number	number	NOUN
fsr-3926	118	3	in	in	ADP
fsr-3926	118	4	each	each	DET
fsr-3926	118	5	cell	cell	NOUN
fsr-3926	118	6	indicates	indicate	VERB
fsr-3926	118	7	the	the	DET
fsr-3926	118	8	number	number	NOUN
fsr-3926	118	9	of	of	ADP
fsr-3926	118	10	funds	fund	NOUN
fsr-3926	118	11	in	in	ADP
fsr-3926	118	12	each	each	DET
fsr-3926	118	13	prior	prior	ADJ
fsr-3926	118	14	year	year	NOUN
fsr-3926	118	15	’s	’s	PART
fsr-3926	118	16	quintile	quintile	NOUN
fsr-3926	118	17	grouping	grouping	NOUN
fsr-3926	118	18	and	and	CCONJ
fsr-3926	118	19	subsequent	subsequent	ADJ
fsr-3926	118	20	year	year	NOUN
fsr-3926	118	21	quintile	quintile	NOUN
fsr-3926	118	22	rank	rank	PROPN
fsr-3926	118	23	.	.	PUNCT
fsr-3926	119	1	panel	panel	NOUN
fsr-3926	119	2	a	a	DET
fsr-3926	119	3	:	:	PUNCT
fsr-3926	119	4	non	non	ADJ
fsr-3926	119	5	-	-	ADJ
fsr-3926	119	6	conventional	conventional	ADJ
fsr-3926	119	7	bond	bond	NOUN
fsr-3926	119	8	funds	fund	NOUN
fsr-3926	119	9	,	,	PUNCT
fsr-3926	119	10	73	73	NUM
fsr-3926	119	11	funds	fund	NOUN
fsr-3926	119	12	,	,	PUNCT
fsr-3926	119	13	9	9	NUM
fsr-3926	119	14	time	time	NOUN
fsr-3926	119	15	periods	period	NOUN
fsr-3926	119	16	,	,	PUNCT
fsr-3926	119	17	657	657	NUM
fsr-3926	119	18	observations	observation	NOUN
fsr-3926	119	19	prior	prior	ADJ
fsr-3926	119	20	year	year	NOUN
fsr-3926	119	21	quintile	quintile	NOUN
fsr-3926	119	22	quintile	quintile	NOUN
fsr-3926	119	23	rank	rank	NOUN
fsr-3926	119	24	1	1	NUM
fsr-3926	119	25	2	2	NUM
fsr-3926	119	26	3	3	NUM
fsr-3926	119	27	4	4	NUM
fsr-3926	119	28	5	5	NUM
fsr-3926	119	29	total	total	NOUN
fsr-3926	119	30	1	1	NUM
fsr-3926	119	31	28	28	NUM
fsr-3926	119	32	28	28	NUM
fsr-3926	119	33	27	27	NUM
fsr-3926	119	34	32	32	NUM
fsr-3926	119	35	20	20	NUM
fsr-3926	119	36	135	135	NUM
fsr-3926	119	37	2	2	NUM
fsr-3926	119	38	34	34	NUM
fsr-3926	119	39	24	24	NUM
fsr-3926	119	40	34	34	NUM
fsr-3926	119	41	27	27	NUM
fsr-3926	119	42	16	16	NUM
fsr-3926	119	43	135	135	NUM
fsr-3926	119	44	3	3	NUM
fsr-3926	119	45	20	20	NUM
fsr-3926	119	46	34	34	NUM
fsr-3926	119	47	37	37	NUM
fsr-3926	119	48	26	26	NUM
fsr-3926	119	49	18	18	NUM
fsr-3926	119	50	135	135	NUM
fsr-3926	119	51	4	4	NUM
fsr-3926	119	52	26	26	NUM
fsr-3926	119	53	27	27	NUM
fsr-3926	119	54	19	19	NUM
fsr-3926	119	55	27	27	NUM
fsr-3926	119	56	27	27	NUM
fsr-3926	119	57	126	126	NUM
fsr-3926	119	58	5	5	NUM
fsr-3926	119	59	27	27	NUM
fsr-3926	119	60	22	22	NUM
fsr-3926	119	61	18	18	NUM
fsr-3926	119	62	14	14	NUM
fsr-3926	119	63	45	45	NUM
fsr-3926	119	64	126	126	NUM
fsr-3926	119	65	total	total	NOUN
fsr-3926	119	66	135	135	NUM
fsr-3926	119	67	135	135	NUM
fsr-3926	119	68	135	135	NUM
fsr-3926	119	69	126	126	NUM
fsr-3926	119	70	126	126	NUM
fsr-3926	119	71	657	657	NUM
fsr-3926	119	72	test	test	NOUN
fsr-3926	119	73	for	for	ADP
fsr-3926	119	74	uniform	uniform	ADJ
fsr-3926	119	75	distribution	distribution	NOUN
fsr-3926	119	76	:	:	PUNCT
fsr-3926	119	77	x2	x2	PROPN
fsr-3926	119	78	(	(	PUNCT
fsr-3926	119	79	16	16	NUM
fsr-3926	119	80	)	)	PUNCT
fsr-3926	119	81	5	5	NUM
fsr-3926	119	82	46.86	46.86	NUM
fsr-3926	119	83	;	;	PUNCT
fsr-3926	119	84	p	p	X
fsr-3926	119	85	,	,	PUNCT
fsr-3926	119	86	0.0001	0.0001	NUM
fsr-3926	119	87	panel	panel	NOUN
fsr-3926	119	88	b	b	NOUN
fsr-3926	119	89	:	:	PUNCT
fsr-3926	119	90	high	high	ADJ
fsr-3926	119	91	-	-	PUNCT
fsr-3926	119	92	yield	yield	NOUN
fsr-3926	119	93	bond	bond	NOUN
fsr-3926	119	94	funds	fund	NOUN
fsr-3926	119	95	,	,	PUNCT
fsr-3926	119	96	53	53	NUM
fsr-3926	119	97	funds	fund	NOUN
fsr-3926	119	98	,	,	PUNCT
fsr-3926	119	99	9	9	NUM
fsr-3926	119	100	time	time	NOUN
fsr-3926	119	101	periods	period	NOUN
fsr-3926	119	102	,	,	PUNCT
fsr-3926	119	103	477	477	NUM
fsr-3926	119	104	observations	observation	NOUN
fsr-3926	119	105	.	.	PUNCT
fsr-3926	120	1	prior	prior	ADJ
fsr-3926	120	2	year	year	NOUN
fsr-3926	120	3	quintile	quintile	NOUN
fsr-3926	120	4	quintile	quintile	NOUN
fsr-3926	120	5	rank	rank	NOUN
fsr-3926	120	6	1	1	NUM
fsr-3926	120	7	2	2	NUM
fsr-3926	120	8	3	3	NUM
fsr-3926	120	9	4	4	NUM
fsr-3926	120	10	5	5	NUM
fsr-3926	120	11	total	total	NOUN
fsr-3926	120	12	1	1	NUM
fsr-3926	120	13	23	23	NUM
fsr-3926	120	14	18	18	NUM
fsr-3926	120	15	24	24	NUM
fsr-3926	120	16	20	20	NUM
fsr-3926	120	17	14	14	NUM
fsr-3926	120	18	99	99	NUM
fsr-3926	120	19	2	2	NUM
fsr-3926	120	20	27	27	NUM
fsr-3926	120	21	21	21	NUM
fsr-3926	120	22	18	18	NUM
fsr-3926	120	23	18	18	NUM
fsr-3926	120	24	15	15	NUM
fsr-3926	120	25	99	99	NUM
fsr-3926	120	26	3	3	NUM
fsr-3926	120	27	17	17	NUM
fsr-3926	120	28	21	21	NUM
fsr-3926	120	29	23	23	NUM
fsr-3926	120	30	19	19	NUM
fsr-3926	120	31	19	19	NUM
fsr-3926	120	32	99	99	NUM
fsr-3926	120	33	4	4	NUM
fsr-3926	120	34	13	13	NUM
fsr-3926	120	35	26	26	NUM
fsr-3926	120	36	16	16	NUM
fsr-3926	120	37	19	19	NUM
fsr-3926	120	38	16	16	NUM
fsr-3926	120	39	90	90	NUM
fsr-3926	120	40	5	5	NUM
fsr-3926	120	41	19	19	NUM
fsr-3926	120	42	13	13	NUM
fsr-3926	120	43	18	18	NUM
fsr-3926	120	44	14	14	NUM
fsr-3926	120	45	35	35	NUM
fsr-3926	120	46	90	90	NUM
fsr-3926	120	47	total	total	NOUN
fsr-3926	120	48	99	99	NUM
fsr-3926	120	49	99	99	NUM
fsr-3926	120	50	99	99	NUM
fsr-3926	120	51	90	90	NUM
fsr-3926	120	52	90	90	NUM
fsr-3926	120	53	477	477	NUM
fsr-3926	120	54	test	test	NOUN
fsr-3926	120	55	for	for	ADP
fsr-3926	120	56	uniform	uniform	ADJ
fsr-3926	120	57	distribution	distribution	NOUN
fsr-3926	120	58	:	:	PUNCT
fsr-3926	120	59	x2	x2	PROPN
fsr-3926	120	60	(	(	PUNCT
fsr-3926	120	61	16	16	NUM
fsr-3926	120	62	)	)	PUNCT
fsr-3926	120	63	5	5	NUM
fsr-3926	120	64	33.16	33.16	NUM
fsr-3926	120	65	;	;	PUNCT
fsr-3926	120	66	p5	p5	PROPN
fsr-3926	120	67	0.007	0.007	NUM
fsr-3926	120	68	panel	panel	NOUN
fsr-3926	120	69	c	c	NOUN
fsr-3926	120	70	:	:	PUNCT
fsr-3926	120	71	convertible	convertible	ADJ
fsr-3926	120	72	funds	fund	NOUN
fsr-3926	120	73	,	,	PUNCT
fsr-3926	120	74	10	10	NUM
fsr-3926	120	75	funds	fund	NOUN
fsr-3926	120	76	,	,	PUNCT
fsr-3926	120	77	9	9	NUM
fsr-3926	120	78	time	time	NOUN
fsr-3926	120	79	periods	period	NOUN
fsr-3926	120	80	,	,	PUNCT
fsr-3926	120	81	90	90	NUM
fsr-3926	120	82	observations	observation	NOUN
fsr-3926	120	83	.	.	PUNCT
fsr-3926	121	1	prior	prior	ADJ
fsr-3926	121	2	year	year	NOUN
fsr-3926	121	3	quintile	quintile	NOUN
fsr-3926	121	4	quintile	quintile	NOUN
fsr-3926	121	5	rank	rank	NOUN
fsr-3926	121	6	1	1	NUM
fsr-3926	121	7	2	2	NUM
fsr-3926	121	8	3	3	NUM
fsr-3926	121	9	4	4	NUM
fsr-3926	121	10	5	5	NUM
fsr-3926	121	11	total	total	NOUN
fsr-3926	121	12	1	1	NUM
fsr-3926	121	13	5	5	NUM
fsr-3926	121	14	3	3	NUM
fsr-3926	121	15	3	3	NUM
fsr-3926	121	16	4	4	NUM
fsr-3926	121	17	3	3	NUM
fsr-3926	121	18	18	18	NUM
fsr-3926	121	19	2	2	NUM
fsr-3926	121	20	3	3	NUM
fsr-3926	121	21	3	3	NUM
fsr-3926	121	22	4	4	NUM
fsr-3926	121	23	6	6	NUM
fsr-3926	121	24	2	2	NUM
fsr-3926	121	25	18	18	NUM
fsr-3926	121	26	3	3	NUM
fsr-3926	121	27	3	3	NUM
fsr-3926	121	28	7	7	NUM
fsr-3926	121	29	5	5	NUM
fsr-3926	121	30	1	1	NUM
fsr-3926	121	31	2	2	NUM
fsr-3926	121	32	18	18	NUM
fsr-3926	121	33	4	4	NUM
fsr-3926	121	34	4	4	NUM
fsr-3926	121	35	2	2	NUM
fsr-3926	121	36	3	3	NUM
fsr-3926	121	37	4	4	NUM
fsr-3926	121	38	5	5	NUM
fsr-3926	121	39	18	18	NUM
fsr-3926	121	40	5	5	NUM
fsr-3926	121	41	3	3	NUM
fsr-3926	121	42	3	3	NUM
fsr-3926	121	43	3	3	NUM
fsr-3926	121	44	3	3	NUM
fsr-3926	121	45	6	6	NUM
fsr-3926	121	46	18	18	NUM
fsr-3926	121	47	total	total	NOUN
fsr-3926	121	48	18	18	NUM
fsr-3926	121	49	18	18	NUM
fsr-3926	121	50	18	18	NUM
fsr-3926	121	51	18	18	NUM
fsr-3926	121	52	18	18	NUM
fsr-3926	121	53	90	90	NUM
fsr-3926	121	54	(	(	PUNCT
fsr-3926	121	55	continued	continue	VERB
fsr-3926	121	56	on	on	ADP
fsr-3926	121	57	next	next	ADJ
fsr-3926	121	58	page	page	NOUN
fsr-3926	121	59	)	)	PUNCT
fsr-3926	121	60	252	252	NUM
fsr-3926	121	61	j.	j.	PROPN
fsr-3926	121	62	philpot	philpot	PROPN
fsr-3926	121	63	/	/	SYM
fsr-3926	121	64	financial	financial	ADJ
fsr-3926	121	65	services	service	NOUN
fsr-3926	121	66	review	review	VERB
fsr-3926	121	67	9	9	NUM
fsr-3926	121	68	(	(	PUNCT
fsr-3926	121	69	2000	2000	NUM
fsr-3926	121	70	)	)	PUNCT
fsr-3926	122	1	247–258	247–258	NUM
fsr-3926	122	2	agement	agement	NOUN
fsr-3926	122	3	is	be	AUX
fsr-3926	122	4	constant	constant	ADJ
fsr-3926	122	5	,	,	PUNCT
fsr-3926	122	6	short	short	ADJ
fsr-3926	122	7	-	-	PUNCT
fsr-3926	122	8	term	term	NOUN
fsr-3926	122	9	management	management	NOUN
fsr-3926	122	10	relative	relative	ADJ
fsr-3926	122	11	performance	performance	NOUN
fsr-3926	122	12	is	be	AUX
fsr-3926	122	13	not	not	PART
fsr-3926	122	14	consistent	consistent	ADJ
fsr-3926	122	15	.	.	PUNCT
fsr-3926	123	1	it	it	PRON
fsr-3926	123	2	is	be	AUX
fsr-3926	123	3	also	also	ADV
fsr-3926	123	4	well	well	ADV
fsr-3926	123	5	established	establish	VERB
fsr-3926	123	6	that	that	DET
fsr-3926	123	7	high	high	ADJ
fsr-3926	123	8	expense	expense	NOUN
fsr-3926	123	9	ratios	ratio	NOUN
fsr-3926	123	10	diminish	diminish	VERB
fsr-3926	123	11	bond	bond	NOUN
fsr-3926	123	12	mutual	mutual	ADJ
fsr-3926	123	13	fund	fund	NOUN
fsr-3926	123	14	performance	performance	NOUN
fsr-3926	123	15	(	(	PUNCT
fsr-3926	123	16	blake	blake	NOUN
fsr-3926	123	17	et	et	PROPN
fsr-3926	123	18	al	al	PROPN
fsr-3926	123	19	..	..	PROPN
fsr-3926	123	20	,	,	PUNCT
fsr-3926	123	21	1993	1993	NUM
fsr-3926	123	22	,	,	PUNCT
fsr-3926	123	23	and	and	CCONJ
fsr-3926	123	24	philpot	philpot	PROPN
fsr-3926	123	25	et	et	PROPN
fsr-3926	123	26	al	al	PROPN
fsr-3926	123	27	..	..	PROPN
fsr-3926	123	28	,	,	PUNCT
fsr-3926	123	29	1998	1998	NUM
fsr-3926	123	30	)	)	PUNCT
fsr-3926	123	31	.	.	PUNCT
fsr-3926	124	1	we	we	PRON
fsr-3926	124	2	separately	separately	ADV
fsr-3926	124	3	examined	examine	VERB
fsr-3926	124	4	the	the	DET
fsr-3926	124	5	35	35	NUM
fsr-3926	124	6	funds	fund	NOUN
fsr-3926	124	7	in	in	ADP
fsr-3926	124	8	our	our	PRON
fsr-3926	124	9	sample	sample	NOUN
fsr-3926	124	10	with	with	ADP
fsr-3926	124	11	the	the	DET
fsr-3926	124	12	highest	high	ADJ
fsr-3926	124	13	average	average	ADJ
fsr-3926	124	14	expense	expense	NOUN
fsr-3926	124	15	ratios	ratio	NOUN
fsr-3926	124	16	to	to	PART
fsr-3926	124	17	see	see	VERB
fsr-3926	124	18	whether	whether	SCONJ
fsr-3926	124	19	they	they	PRON
fsr-3926	124	20	showed	show	VERB
fsr-3926	124	21	performance	performance	NOUN
fsr-3926	124	22	persistence	persistence	NOUN
fsr-3926	124	23	.	.	PUNCT
fsr-3926	125	1	as	as	SCONJ
fsr-3926	125	2	panel	panel	NOUN
fsr-3926	125	3	f	f	PROPN
fsr-3926	125	4	of	of	ADP
fsr-3926	125	5	table	table	NOUN
fsr-3926	125	6	2	2	NUM
fsr-3926	125	7	shows	show	NOUN
fsr-3926	125	8	,	,	PUNCT
fsr-3926	125	9	there	there	PRON
fsr-3926	125	10	is	be	VERB
fsr-3926	125	11	weak	weak	ADJ
fsr-3926	125	12	,	,	PUNCT
fsr-3926	125	13	but	but	CCONJ
fsr-3926	125	14	not	not	PART
fsr-3926	125	15	statistically	statistically	ADV
fsr-3926	125	16	significant	significant	ADJ
fsr-3926	125	17	,	,	PUNCT
fsr-3926	125	18	evidence	evidence	NOUN
fsr-3926	125	19	of	of	ADP
fsr-3926	125	20	performance	performance	NOUN
fsr-3926	125	21	persistence	persistence	NOUN
fsr-3926	125	22	.	.	PUNCT
fsr-3926	126	1	most	most	ADV
fsr-3926	126	2	notably	notably	ADV
fsr-3926	126	3	,	,	PUNCT
fsr-3926	126	4	there	there	PRON
fsr-3926	126	5	is	be	VERB
fsr-3926	126	6	some	some	DET
fsr-3926	126	7	tendency	tendency	NOUN
fsr-3926	126	8	for	for	SCONJ
fsr-3926	126	9	the	the	DET
fsr-3926	126	10	worst	bad	ADJ
fsr-3926	126	11	funds	fund	NOUN
fsr-3926	126	12	to	to	PART
fsr-3926	126	13	remain	remain	VERB
fsr-3926	126	14	poor	poor	ADJ
fsr-3926	126	15	performers	performer	NOUN
fsr-3926	126	16	.	.	PUNCT
fsr-3926	127	1	table	table	NOUN
fsr-3926	127	2	2	2	NUM
fsr-3926	127	3	(	(	PUNCT
fsr-3926	127	4	continued	continued	ADJ
fsr-3926	127	5	)	)	PUNCT
fsr-3926	127	6	panel	panel	NOUN
fsr-3926	127	7	d	d	NOUN
fsr-3926	127	8	:	:	PUNCT
fsr-3926	127	9	global	global	ADJ
fsr-3926	127	10	funds	fund	NOUN
fsr-3926	127	11	,	,	PUNCT
fsr-3926	127	12	10	10	NUM
fsr-3926	127	13	funds	fund	NOUN
fsr-3926	127	14	,	,	PUNCT
fsr-3926	127	15	9	9	NUM
fsr-3926	127	16	time	time	NOUN
fsr-3926	127	17	periods	period	NOUN
fsr-3926	127	18	,	,	PUNCT
fsr-3926	127	19	90	90	NUM
fsr-3926	127	20	observations	observation	NOUN
fsr-3926	127	21	.	.	PUNCT
fsr-3926	128	1	prior	prior	ADJ
fsr-3926	128	2	year	year	NOUN
fsr-3926	128	3	quintile	quintile	NOUN
fsr-3926	128	4	quintile	quintile	NOUN
fsr-3926	128	5	rank	rank	NOUN
fsr-3926	128	6	1	1	NUM
fsr-3926	128	7	2	2	NUM
fsr-3926	128	8	3	3	NUM
fsr-3926	128	9	4	4	NUM
fsr-3926	128	10	5	5	NUM
fsr-3926	128	11	total	total	NOUN
fsr-3926	128	12	1	1	NUM
fsr-3926	128	13	3	3	NUM
fsr-3926	128	14	6	6	NUM
fsr-3926	128	15	4	4	NUM
fsr-3926	128	16	1	1	NUM
fsr-3926	128	17	4	4	NUM
fsr-3926	128	18	18	18	NUM
fsr-3926	128	19	2	2	NUM
fsr-3926	128	20	5	5	NUM
fsr-3926	128	21	3	3	NUM
fsr-3926	128	22	4	4	NUM
fsr-3926	128	23	3	3	NUM
fsr-3926	128	24	3	3	NUM
fsr-3926	128	25	18	18	NUM
fsr-3926	128	26	3	3	NUM
fsr-3926	128	27	3	3	NUM
fsr-3926	128	28	3	3	NUM
fsr-3926	128	29	1	1	NUM
fsr-3926	128	30	5	5	NUM
fsr-3926	128	31	6	6	NUM
fsr-3926	128	32	18	18	NUM
fsr-3926	128	33	4	4	NUM
fsr-3926	128	34	6	6	NUM
fsr-3926	128	35	3	3	NUM
fsr-3926	128	36	5	5	NUM
fsr-3926	128	37	4	4	NUM
fsr-3926	128	38	0	0	NUM
fsr-3926	128	39	18	18	NUM
fsr-3926	128	40	5	5	NUM
fsr-3926	128	41	1	1	NUM
fsr-3926	128	42	3	3	NUM
fsr-3926	128	43	4	4	NUM
fsr-3926	128	44	5	5	NUM
fsr-3926	128	45	5	5	NUM
fsr-3926	128	46	18	18	NUM
fsr-3926	128	47	total	total	NOUN
fsr-3926	128	48	18	18	NUM
fsr-3926	128	49	18	18	NUM
fsr-3926	128	50	18	18	NUM
fsr-3926	128	51	18	18	NUM
fsr-3926	128	52	18	18	NUM
fsr-3926	128	53	90	90	NUM
fsr-3926	128	54	test	test	NOUN
fsr-3926	128	55	for	for	ADP
fsr-3926	128	56	uniform	uniform	ADJ
fsr-3926	128	57	distribution	distribution	NOUN
fsr-3926	128	58	:	:	PUNCT
fsr-3926	128	59	x2	x2	PROPN
fsr-3926	128	60	(	(	PUNCT
fsr-3926	128	61	16	16	NUM
fsr-3926	128	62	)	)	PUNCT
fsr-3926	128	63	5	5	NUM
fsr-3926	128	64	17.78	17.78	NUM
fsr-3926	128	65	;	;	PUNCT
fsr-3926	129	1	p5	p5	PROPN
fsr-3926	129	2	0.03369	0.03369	NUM
fsr-3926	129	3	panel	panel	NOUN
fsr-3926	129	4	e	e	NOUN
fsr-3926	129	5	:	:	PUNCT
fsr-3926	129	6	non	non	ADJ
fsr-3926	129	7	-	-	ADJ
fsr-3926	129	8	conventional	conventional	ADJ
fsr-3926	129	9	bond	bond	NOUN
fsr-3926	129	10	funds	fund	NOUN
fsr-3926	129	11	having	have	VERB
fsr-3926	129	12	no	no	DET
fsr-3926	129	13	management	management	NOUN
fsr-3926	129	14	change	change	NOUN
fsr-3926	129	15	,	,	PUNCT
fsr-3926	129	16	24	24	NUM
fsr-3926	129	17	funds	fund	NOUN
fsr-3926	129	18	,	,	PUNCT
fsr-3926	129	19	9	9	NUM
fsr-3926	129	20	time	time	NOUN
fsr-3926	129	21	periods	period	NOUN
fsr-3926	129	22	,	,	PUNCT
fsr-3926	129	23	216	216	NUM
fsr-3926	129	24	observations	observation	NOUN
fsr-3926	129	25	.	.	PUNCT
fsr-3926	130	1	prior	prior	ADJ
fsr-3926	130	2	year	year	NOUN
fsr-3926	130	3	quintile	quintile	NOUN
fsr-3926	130	4	quintile	quintile	NOUN
fsr-3926	130	5	rank	rank	NOUN
fsr-3926	130	6	1	1	NUM
fsr-3926	130	7	2	2	NUM
fsr-3926	130	8	3	3	NUM
fsr-3926	130	9	4	4	NUM
fsr-3926	130	10	5	5	NUM
fsr-3926	130	11	total	total	NOUN
fsr-3926	130	12	1	1	NUM
fsr-3926	130	13	13	13	NUM
fsr-3926	130	14	7	7	NUM
fsr-3926	130	15	11	11	NUM
fsr-3926	130	16	7	7	NUM
fsr-3926	130	17	7	7	NUM
fsr-3926	130	18	45	45	NUM
fsr-3926	130	19	2	2	NUM
fsr-3926	130	20	14	14	NUM
fsr-3926	130	21	9	9	NUM
fsr-3926	130	22	6	6	NUM
fsr-3926	130	23	10	10	NUM
fsr-3926	130	24	6	6	NUM
fsr-3926	130	25	45	45	NUM
fsr-3926	130	26	3	3	NUM
fsr-3926	130	27	7	7	NUM
fsr-3926	130	28	13	13	NUM
fsr-3926	130	29	10	10	NUM
fsr-3926	130	30	7	7	NUM
fsr-3926	130	31	8	8	NUM
fsr-3926	130	32	45	45	NUM
fsr-3926	130	33	4	4	NUM
fsr-3926	130	34	6	6	NUM
fsr-3926	130	35	9	9	NUM
fsr-3926	130	36	13	13	NUM
fsr-3926	130	37	10	10	NUM
fsr-3926	130	38	7	7	NUM
fsr-3926	130	39	45	45	NUM
fsr-3926	130	40	5	5	NUM
fsr-3926	130	41	5	5	NUM
fsr-3926	130	42	7	7	NUM
fsr-3926	130	43	5	5	NUM
fsr-3926	130	44	11	11	NUM
fsr-3926	130	45	8	8	NUM
fsr-3926	130	46	36	36	NUM
fsr-3926	130	47	total	total	NOUN
fsr-3926	130	48	45	45	NUM
fsr-3926	130	49	45	45	NUM
fsr-3926	130	50	45	45	NUM
fsr-3926	130	51	45	45	NUM
fsr-3926	130	52	36	36	NUM
fsr-3926	130	53	216	216	NUM
fsr-3926	130	54	test	test	NOUN
fsr-3926	130	55	for	for	ADP
fsr-3926	130	56	uniform	uniform	ADJ
fsr-3926	130	57	distribution	distribution	NOUN
fsr-3926	130	58	:	:	PUNCT
fsr-3926	130	59	x2	x2	PROPN
fsr-3926	130	60	(	(	PUNCT
fsr-3926	130	61	16	16	NUM
fsr-3926	130	62	)	)	PUNCT
fsr-3926	130	63	5	5	NUM
fsr-3926	130	64	13.47	13.47	NUM
fsr-3926	130	65	;	;	PUNCT
fsr-3926	131	1	p5	p5	PROPN
fsr-3926	131	2	0.6379	0.6379	NUM
fsr-3926	131	3	panel	panel	NOUN
fsr-3926	131	4	f	f	NOUN
fsr-3926	131	5	:	:	PUNCT
fsr-3926	131	6	non	non	ADJ
fsr-3926	131	7	-	-	ADJ
fsr-3926	131	8	conventional	conventional	ADJ
fsr-3926	131	9	bond	bond	NOUN
fsr-3926	131	10	funds	fund	NOUN
fsr-3926	131	11	having	have	VERB
fsr-3926	131	12	highest	high	ADJ
fsr-3926	131	13	average	average	ADJ
fsr-3926	131	14	annual	annual	ADJ
fsr-3926	131	15	expenses	expense	NOUN
fsr-3926	131	16	,	,	PUNCT
fsr-3926	131	17	35	35	NUM
fsr-3926	131	18	funds	fund	NOUN
fsr-3926	131	19	,	,	PUNCT
fsr-3926	131	20	9	9	NUM
fsr-3926	131	21	time	time	NOUN
fsr-3926	131	22	periods	period	NOUN
fsr-3926	131	23	,	,	PUNCT
fsr-3926	131	24	315	315	NUM
fsr-3926	131	25	observations	observation	NOUN
fsr-3926	131	26	.	.	PUNCT
fsr-3926	132	1	prior	prior	ADJ
fsr-3926	132	2	year	year	NOUN
fsr-3926	132	3	quintile	quintile	NOUN
fsr-3926	132	4	quintile	quintile	NOUN
fsr-3926	132	5	rank	rank	NOUN
fsr-3926	132	6	1	1	NUM
fsr-3926	132	7	2	2	NUM
fsr-3926	132	8	3	3	NUM
fsr-3926	132	9	4	4	NUM
fsr-3926	132	10	5	5	NUM
fsr-3926	132	11	total	total	NOUN
fsr-3926	132	12	1	1	NUM
fsr-3926	132	13	14	14	NUM
fsr-3926	132	14	11	11	NUM
fsr-3926	132	15	7	7	NUM
fsr-3926	132	16	15	15	NUM
fsr-3926	132	17	16	16	NUM
fsr-3926	132	18	63	63	NUM
fsr-3926	132	19	2	2	NUM
fsr-3926	132	20	11	11	NUM
fsr-3926	132	21	19	19	NUM
fsr-3926	132	22	12	12	NUM
fsr-3926	132	23	13	13	NUM
fsr-3926	132	24	8	8	NUM
fsr-3926	132	25	63	63	NUM
fsr-3926	132	26	3	3	NUM
fsr-3926	132	27	12	12	NUM
fsr-3926	132	28	9	9	NUM
fsr-3926	132	29	18	18	NUM
fsr-3926	132	30	14	14	NUM
fsr-3926	132	31	10	10	NUM
fsr-3926	132	32	63	63	NUM
fsr-3926	132	33	4	4	NUM
fsr-3926	132	34	16	16	NUM
fsr-3926	132	35	16	16	NUM
fsr-3926	132	36	14	14	NUM
fsr-3926	132	37	8	8	NUM
fsr-3926	132	38	9	9	NUM
fsr-3926	132	39	63	63	NUM
fsr-3926	132	40	5	5	NUM
fsr-3926	132	41	10	10	NUM
fsr-3926	132	42	8	8	NUM
fsr-3926	132	43	12	12	NUM
fsr-3926	132	44	13	13	NUM
fsr-3926	132	45	20	20	NUM
fsr-3926	132	46	63	63	NUM
fsr-3926	132	47	total	total	NOUN
fsr-3926	132	48	63	63	NUM
fsr-3926	132	49	63	63	NUM
fsr-3926	132	50	63	63	NUM
fsr-3926	132	51	63	63	NUM
fsr-3926	132	52	63	63	NUM
fsr-3926	132	53	315	315	NUM
fsr-3926	132	54	test	test	NOUN
fsr-3926	132	55	for	for	ADP
fsr-3926	132	56	uniform	uniform	ADJ
fsr-3926	132	57	distribution	distribution	NOUN
fsr-3926	132	58	:	:	PUNCT
fsr-3926	132	59	x2	x2	PROPN
fsr-3926	132	60	(	(	PUNCT
fsr-3926	132	61	16	16	NUM
fsr-3926	132	62	)	)	PUNCT
fsr-3926	132	63	5	5	NUM
fsr-3926	132	64	24.76	24.76	NUM
fsr-3926	132	65	;	;	PUNCT
fsr-3926	132	66	p5	p5	PROPN
fsr-3926	132	67	0.0741	0.0741	NUM
fsr-3926	132	68	253j	253j	PROPN
fsr-3926	132	69	.	.	PUNCT
fsr-3926	133	1	philpot	philpot	PROPN
fsr-3926	133	2	/	/	SYM
fsr-3926	133	3	financial	financial	ADJ
fsr-3926	133	4	services	service	NOUN
fsr-3926	133	5	review	review	VERB
fsr-3926	133	6	9	9	NUM
fsr-3926	133	7	(	(	PUNCT
fsr-3926	133	8	2000	2000	NUM
fsr-3926	133	9	)	)	PUNCT
fsr-3926	134	1	247–258	247–258	NUM
fsr-3926	134	2	the	the	DET
fsr-3926	134	3	tests	test	NOUN
fsr-3926	134	4	were	be	AUX
fsr-3926	134	5	repeated	repeat	VERB
fsr-3926	134	6	using	use	VERB
fsr-3926	134	7	sharpe	sharpe	NOUN
fsr-3926	134	8	measures	measure	NOUN
fsr-3926	134	9	from	from	ADP
fsr-3926	134	10	two	two	NUM
fsr-3926	134	11	five	five	NUM
fsr-3926	134	12	-	-	PUNCT
fsr-3926	134	13	year	year	NOUN
fsr-3926	134	14	periods	period	NOUN
fsr-3926	134	15	,	,	PUNCT
fsr-3926	134	16	1988–1992	1988–1992	NUM
fsr-3926	134	17	and	and	CCONJ
fsr-3926	134	18	1993–1997	1993–1997	NUM
fsr-3926	134	19	,	,	PUNCT
fsr-3926	134	20	to	to	PART
fsr-3926	134	21	determine	determine	VERB
fsr-3926	134	22	whether	whether	SCONJ
fsr-3926	134	23	there	there	PRON
fsr-3926	134	24	is	be	VERB
fsr-3926	134	25	evidence	evidence	NOUN
fsr-3926	134	26	of	of	ADP
fsr-3926	134	27	persistence	persistence	NOUN
fsr-3926	134	28	over	over	ADP
fsr-3926	134	29	longer	long	ADJ
fsr-3926	134	30	time	time	NOUN
fsr-3926	134	31	horizons	horizon	NOUN
fsr-3926	134	32	.	.	PUNCT
fsr-3926	135	1	table	table	NOUN
fsr-3926	135	2	3	3	NUM
fsr-3926	135	3	shows	show	VERB
fsr-3926	135	4	these	these	DET
fsr-3926	135	5	results	result	NOUN
fsr-3926	135	6	.	.	PUNCT
fsr-3926	136	1	tests	test	NOUN
fsr-3926	136	2	conducted	conduct	VERB
fsr-3926	136	3	with	with	ADP
fsr-3926	136	4	the	the	DET
fsr-3926	136	5	full	full	ADJ
fsr-3926	136	6	sample	sample	NOUN
fsr-3926	136	7	,	,	PUNCT
fsr-3926	136	8	the	the	DET
fsr-3926	136	9	subsample	subsample	NOUN
fsr-3926	136	10	of	of	ADP
fsr-3926	136	11	high	high	ADJ
fsr-3926	136	12	-	-	PUNCT
fsr-3926	136	13	yield	yield	NOUN
fsr-3926	136	14	bond	bond	NOUN
fsr-3926	136	15	funds	fund	NOUN
fsr-3926	136	16	,	,	PUNCT
fsr-3926	136	17	and	and	CCONJ
fsr-3926	136	18	the	the	DET
fsr-3926	136	19	funds	fund	NOUN
fsr-3926	136	20	with	with	ADP
fsr-3926	136	21	no	no	DET
fsr-3926	136	22	management	management	NOUN
fsr-3926	136	23	change	change	NOUN
fsr-3926	136	24	(	(	PUNCT
fsr-3926	136	25	see	see	VERB
fsr-3926	136	26	panels	panel	NOUN
fsr-3926	136	27	a	a	PRON
fsr-3926	136	28	,	,	PUNCT
fsr-3926	136	29	b	b	NOUN
fsr-3926	136	30	and	and	CCONJ
fsr-3926	136	31	c	c	PROPN
fsr-3926	136	32	of	of	ADP
fsr-3926	136	33	table	table	NOUN
fsr-3926	136	34	3	3	NUM
fsr-3926	136	35	)	)	PUNCT
fsr-3926	136	36	,	,	PUNCT
fsr-3926	136	37	showed	show	VERB
fsr-3926	136	38	no	no	DET
fsr-3926	136	39	significant	significant	ADJ
fsr-3926	136	40	departure	departure	NOUN
fsr-3926	136	41	from	from	ADP
fsr-3926	136	42	a	a	DET
fsr-3926	136	43	uniform	uniform	ADJ
fsr-3926	136	44	distribution	distribution	NOUN
fsr-3926	136	45	.	.	PUNCT
fsr-3926	137	1	tests	test	NOUN
fsr-3926	137	2	conducted	conduct	VERB
fsr-3926	137	3	with	with	ADP
fsr-3926	137	4	the	the	DET
fsr-3926	137	5	high	high	ADJ
fsr-3926	137	6	-	-	PUNCT
fsr-3926	137	7	expense	expense	NOUN
fsr-3926	137	8	funds	fund	NOUN
fsr-3926	137	9	(	(	PUNCT
fsr-3926	137	10	panel	panel	NOUN
fsr-3926	137	11	d	d	NOUN
fsr-3926	137	12	of	of	ADP
fsr-3926	137	13	table	table	NOUN
fsr-3926	137	14	3	3	NUM
fsr-3926	137	15	)	)	PUNCT
fsr-3926	137	16	reject	reject	VERB
fsr-3926	137	17	the	the	DET
fsr-3926	137	18	hypothesis	hypothesis	NOUN
fsr-3926	137	19	of	of	ADP
fsr-3926	137	20	a	a	DET
fsr-3926	137	21	uniform	uniform	ADJ
fsr-3926	137	22	distribution	distribution	NOUN
fsr-3926	137	23	.	.	PUNCT
fsr-3926	138	1	interestingly	interestingly	ADV
fsr-3926	138	2	,	,	PUNCT
fsr-3926	138	3	the	the	DET
fsr-3926	138	4	presence	presence	NOUN
fsr-3926	138	5	of	of	ADP
fsr-3926	138	6	larger	large	ADJ
fsr-3926	138	7	numbers	number	NOUN
fsr-3926	138	8	in	in	ADP
fsr-3926	138	9	the	the	DET
fsr-3926	138	10	off	off	ADJ
fsr-3926	138	11	-	-	PUNCT
fsr-3926	138	12	diagonal	diagonal	ADJ
fsr-3926	138	13	cells	cell	NOUN
fsr-3926	138	14	of	of	ADP
fsr-3926	138	15	the	the	DET
fsr-3926	138	16	table	table	NOUN
fsr-3926	138	17	indicates	indicate	VERB
fsr-3926	138	18	an	an	DET
fsr-3926	138	19	apparent	apparent	ADJ
fsr-3926	138	20	mean	mean	ADJ
fsr-3926	138	21	reversion	reversion	NOUN
fsr-3926	138	22	in	in	ADP
fsr-3926	138	23	relative	relative	ADJ
fsr-3926	138	24	fund	fund	NOUN
fsr-3926	138	25	performance	performance	NOUN
fsr-3926	138	26	of	of	ADP
fsr-3926	138	27	this	this	DET
fsr-3926	138	28	group	group	NOUN
fsr-3926	138	29	.	.	PUNCT
fsr-3926	139	1	these	these	DET
fsr-3926	139	2	results	result	NOUN
fsr-3926	139	3	indicate	indicate	VERB
fsr-3926	139	4	that	that	SCONJ
fsr-3926	139	5	over	over	ADP
fsr-3926	139	6	longer	long	ADJ
fsr-3926	139	7	time	time	NOUN
fsr-3926	139	8	periods	period	NOUN
fsr-3926	139	9	,	,	PUNCT
fsr-3926	139	10	there	there	PRON
fsr-3926	139	11	is	be	VERB
fsr-3926	139	12	no	no	DET
fsr-3926	139	13	performance	performance	NOUN
fsr-3926	139	14	persistence	persistence	NOUN
fsr-3926	139	15	among	among	ADP
fsr-3926	139	16	the	the	DET
fsr-3926	139	17	nonconventional	nonconventional	ADJ
fsr-3926	139	18	bond	bond	NOUN
fsr-3926	139	19	funds	fund	NOUN
fsr-3926	139	20	.	.	PUNCT
fsr-3926	140	1	thus	thus	ADV
fsr-3926	140	2	fund	fund	NOUN
fsr-3926	140	3	managers	manager	NOUN
fsr-3926	140	4	do	do	AUX
fsr-3926	140	5	not	not	PART
fsr-3926	140	6	show	show	VERB
fsr-3926	140	7	consistent	consistent	ADJ
fsr-3926	140	8	relative	relative	ADJ
fsr-3926	140	9	performance	performance	NOUN
fsr-3926	140	10	—	—	PUNCT
fsr-3926	140	11	a	a	DET
fsr-3926	140	12	finding	finding	NOUN
fsr-3926	140	13	consistent	consistent	ADJ
fsr-3926	140	14	with	with	ADP
fsr-3926	140	15	the	the	DET
fsr-3926	140	16	philpot	philpot	PROPN
fsr-3926	140	17	et	et	PROPN
fsr-3926	140	18	al	al	PROPN
fsr-3926	140	19	.	.	PROPN
fsr-3926	141	1	(	(	PUNCT
fsr-3926	141	2	1998	1998	NUM
fsr-3926	141	3	)	)	PUNCT
fsr-3926	141	4	findings	finding	NOUN
fsr-3926	141	5	for	for	ADP
fsr-3926	141	6	domestic	domestic	ADJ
fsr-3926	141	7	straight	straight	ADJ
fsr-3926	141	8	bond	bond	NOUN
fsr-3926	141	9	funds	fund	NOUN
fsr-3926	141	10	.	.	PUNCT
fsr-3926	142	1	also	also	ADV
fsr-3926	142	2	,	,	PUNCT
fsr-3926	142	3	the	the	DET
fsr-3926	142	4	discrepancy	discrepancy	NOUN
fsr-3926	142	5	between	between	ADP
fsr-3926	142	6	the	the	DET
fsr-3926	142	7	one	one	NUM
fsr-3926	142	8	and	and	CCONJ
fsr-3926	142	9	five	five	NUM
fsr-3926	142	10	-	-	PUNCT
fsr-3926	142	11	year	year	NOUN
fsr-3926	142	12	results	result	NOUN
fsr-3926	142	13	for	for	ADP
fsr-3926	142	14	the	the	DET
fsr-3926	142	15	full	full	ADJ
fsr-3926	142	16	sample	sample	NOUN
fsr-3926	142	17	and	and	CCONJ
fsr-3926	142	18	the	the	DET
fsr-3926	142	19	high	high	ADJ
fsr-3926	142	20	-	-	PUNCT
fsr-3926	142	21	yield	yield	NOUN
fsr-3926	142	22	bond	bond	NOUN
fsr-3926	142	23	funds	fund	NOUN
fsr-3926	142	24	is	be	AUX
fsr-3926	142	25	consistent	consistent	ADJ
fsr-3926	142	26	with	with	ADP
fsr-3926	142	27	the	the	DET
fsr-3926	142	28	findings	finding	NOUN
fsr-3926	142	29	of	of	ADP
fsr-3926	142	30	hendricks	hendrick	NOUN
fsr-3926	142	31	et	et	PROPN
fsr-3926	142	32	al	al	PROPN
fsr-3926	142	33	.	.	PROPN
fsr-3926	143	1	(	(	PUNCT
fsr-3926	143	2	1993	1993	NUM
fsr-3926	143	3	)	)	PUNCT
fsr-3926	143	4	that	that	SCONJ
fsr-3926	143	5	performance	performance	NOUN
fsr-3926	143	6	persistence	persistence	NOUN
fsr-3926	143	7	is	be	AUX
fsr-3926	143	8	strongest	strong	ADJ
fsr-3926	143	9	when	when	SCONJ
fsr-3926	143	10	measured	measure	VERB
fsr-3926	143	11	over	over	ADP
fsr-3926	143	12	relatively	relatively	ADV
fsr-3926	143	13	short	short	ADJ
fsr-3926	143	14	periods	period	NOUN
fsr-3926	143	15	of	of	ADP
fsr-3926	143	16	time	time	NOUN
fsr-3926	143	17	.	.	PUNCT
fsr-3926	144	1	we	we	PRON
fsr-3926	144	2	next	next	ADV
fsr-3926	144	3	employ	employ	VERB
fsr-3926	144	4	a	a	DET
fsr-3926	144	5	cross	cross	ADJ
fsr-3926	144	6	-	-	ADJ
fsr-3926	144	7	sectional	sectional	ADJ
fsr-3926	144	8	regression	regression	NOUN
fsr-3926	144	9	model	model	NOUN
fsr-3926	144	10	similar	similar	ADJ
fsr-3926	144	11	to	to	ADP
fsr-3926	144	12	philpot	philpot	PROPN
fsr-3926	144	13	et	et	PROPN
fsr-3926	144	14	al	al	PROPN
fsr-3926	144	15	.	.	PROPN
fsr-3926	145	1	(	(	PUNCT
fsr-3926	145	2	1998	1998	NUM
fsr-3926	145	3	)	)	PUNCT
fsr-3926	145	4	to	to	PART
fsr-3926	145	5	analyze	analyze	VERB
fsr-3926	145	6	relations	relation	NOUN
fsr-3926	145	7	between	between	ADP
fsr-3926	145	8	a	a	DET
fsr-3926	145	9	mutual	mutual	ADJ
fsr-3926	145	10	fund	fund	NOUN
fsr-3926	145	11	’s	’s	PART
fsr-3926	145	12	five	five	NUM
fsr-3926	145	13	-	-	PUNCT
fsr-3926	145	14	year	year	NOUN
fsr-3926	145	15	sharpe	sharpe	NOUN
fsr-3926	145	16	measure	measure	NOUN
fsr-3926	145	17	and	and	CCONJ
fsr-3926	145	18	five	five	NUM
fsr-3926	145	19	independent	independent	ADJ
fsr-3926	145	20	table	table	NOUN
fsr-3926	145	21	3	3	NUM
fsr-3926	145	22	chi	chi	ADJ
fsr-3926	145	23	-	-	PUNCT
fsr-3926	145	24	squared	square	VERB
fsr-3926	145	25	tests	test	NOUN
fsr-3926	145	26	of	of	ADP
fsr-3926	145	27	non	non	ADJ
fsr-3926	145	28	-	-	ADJ
fsr-3926	145	29	conventional	conventional	ADJ
fsr-3926	145	30	bond	bond	NOUN
fsr-3926	145	31	mutual	mutual	ADJ
fsr-3926	145	32	fund	fund	NOUN
fsr-3926	145	33	relative	relative	ADJ
fsr-3926	145	34	performance	performance	NOUN
fsr-3926	145	35	persistence	persistence	NOUN
fsr-3926	145	36	in	in	ADP
fsr-3926	145	37	five	five	NUM
fsr-3926	145	38	-	-	PUNCT
fsr-3926	145	39	year	year	NOUN
fsr-3926	145	40	increments	increment	NOUN
fsr-3926	145	41	over	over	ADP
fsr-3926	145	42	the	the	DET
fsr-3926	145	43	period	period	NOUN
fsr-3926	145	44	1988–1997	1988–1997	NUM
fsr-3926	145	45	using	use	VERB
fsr-3926	145	46	the	the	DET
fsr-3926	145	47	sharpe	sharpe	NOUN
fsr-3926	145	48	measure	measure	NOUN
fsr-3926	145	49	.	.	PUNCT
fsr-3926	146	1	the	the	DET
fsr-3926	146	2	number	number	NOUN
fsr-3926	146	3	in	in	ADP
fsr-3926	146	4	each	each	DET
fsr-3926	146	5	cell	cell	NOUN
fsr-3926	146	6	indicates	indicate	VERB
fsr-3926	146	7	the	the	DET
fsr-3926	146	8	number	number	NOUN
fsr-3926	146	9	of	of	ADP
fsr-3926	146	10	funds	fund	NOUN
fsr-3926	146	11	in	in	ADP
fsr-3926	146	12	each	each	DET
fsr-3926	146	13	prior	prior	ADJ
fsr-3926	146	14	year	year	NOUN
fsr-3926	146	15	’s	’s	PART
fsr-3926	146	16	quintile	quintile	NOUN
fsr-3926	146	17	grouping	grouping	NOUN
fsr-3926	146	18	and	and	CCONJ
fsr-3926	146	19	subsequent	subsequent	ADJ
fsr-3926	146	20	year	year	NOUN
fsr-3926	146	21	quintile	quintile	NOUN
fsr-3926	146	22	rank	rank	PROPN
fsr-3926	146	23	.	.	PUNCT
fsr-3926	147	1	panel	panel	NOUN
fsr-3926	147	2	a	a	DET
fsr-3926	147	3	:	:	PUNCT
fsr-3926	147	4	non	non	ADJ
fsr-3926	147	5	-	-	ADJ
fsr-3926	147	6	conventional	conventional	ADJ
fsr-3926	147	7	bond	bond	NOUN
fsr-3926	147	8	funds	fund	NOUN
fsr-3926	147	9	,	,	PUNCT
fsr-3926	147	10	73	73	NUM
fsr-3926	147	11	funds	fund	NOUN
fsr-3926	147	12	.	.	PUNCT
fsr-3926	148	1	prior	prior	ADJ
fsr-3926	148	2	five	five	NUM
fsr-3926	148	3	-	-	PUNCT
fsr-3926	148	4	year	year	NOUN
fsr-3926	148	5	quintile	quintile	NOUN
fsr-3926	148	6	five	five	NUM
fsr-3926	148	7	-	-	PUNCT
fsr-3926	148	8	year	year	NOUN
fsr-3926	148	9	quintile	quintile	NOUN
fsr-3926	148	10	rank	rank	NOUN
fsr-3926	148	11	1	1	NUM
fsr-3926	148	12	2	2	NUM
fsr-3926	148	13	3	3	NUM
fsr-3926	148	14	4	4	NUM
fsr-3926	148	15	5	5	NUM
fsr-3926	148	16	total	total	NOUN
fsr-3926	148	17	1	1	NUM
fsr-3926	148	18	5	5	NUM
fsr-3926	148	19	2	2	NUM
fsr-3926	148	20	1	1	NUM
fsr-3926	148	21	4	4	NUM
fsr-3926	148	22	3	3	NUM
fsr-3926	148	23	15	15	NUM
fsr-3926	148	24	2	2	NUM
fsr-3926	148	25	1	1	NUM
fsr-3926	148	26	4	4	NUM
fsr-3926	148	27	2	2	NUM
fsr-3926	148	28	3	3	NUM
fsr-3926	148	29	5	5	NUM
fsr-3926	148	30	15	15	NUM
fsr-3926	148	31	3	3	NUM
fsr-3926	148	32	3	3	NUM
fsr-3926	148	33	4	4	NUM
fsr-3926	148	34	4	4	NUM
fsr-3926	148	35	2	2	NUM
fsr-3926	148	36	2	2	NUM
fsr-3926	148	37	15	15	NUM
fsr-3926	148	38	4	4	NUM
fsr-3926	148	39	3	3	NUM
fsr-3926	148	40	5	5	NUM
fsr-3926	148	41	1	1	NUM
fsr-3926	148	42	4	4	NUM
fsr-3926	148	43	1	1	NUM
fsr-3926	148	44	14	14	NUM
fsr-3926	148	45	5	5	NUM
fsr-3926	148	46	3	3	NUM
fsr-3926	148	47	0	0	NUM
fsr-3926	148	48	7	7	NUM
fsr-3926	148	49	1	1	NUM
fsr-3926	148	50	3	3	NUM
fsr-3926	148	51	14	14	NUM
fsr-3926	148	52	total	total	NOUN
fsr-3926	148	53	15	15	NUM
fsr-3926	148	54	15	15	NUM
fsr-3926	148	55	15	15	NUM
fsr-3926	148	56	14	14	NUM
fsr-3926	148	57	14	14	NUM
fsr-3926	148	58	73	73	NUM
fsr-3926	148	59	test	test	NOUN
fsr-3926	148	60	for	for	ADP
fsr-3926	148	61	uniform	uniform	ADJ
fsr-3926	148	62	distribution	distribution	NOUN
fsr-3926	148	63	:	:	PUNCT
fsr-3926	148	64	x2	x2	PROPN
fsr-3926	148	65	(	(	PUNCT
fsr-3926	148	66	16	16	NUM
fsr-3926	148	67	)	)	PUNCT
fsr-3926	148	68	5	5	NUM
fsr-3926	148	69	22.5	22.5	NUM
fsr-3926	148	70	;	;	PUNCT
fsr-3926	148	71	p5	p5	VERB
fsr-3926	148	72	0.1278	0.1278	NUM
fsr-3926	148	73	panel	panel	NOUN
fsr-3926	148	74	b	b	NOUN
fsr-3926	148	75	:	:	PUNCT
fsr-3926	148	76	high	high	ADJ
fsr-3926	148	77	-	-	PUNCT
fsr-3926	148	78	yield	yield	NOUN
fsr-3926	148	79	bond	bond	NOUN
fsr-3926	148	80	funds	fund	NOUN
fsr-3926	148	81	,	,	PUNCT
fsr-3926	148	82	53	53	NUM
fsr-3926	148	83	funds	fund	NOUN
fsr-3926	148	84	.	.	PUNCT
fsr-3926	149	1	prior	prior	ADJ
fsr-3926	149	2	five	five	NUM
fsr-3926	149	3	-	-	PUNCT
fsr-3926	149	4	year	year	NOUN
fsr-3926	149	5	quintile	quintile	NOUN
fsr-3926	149	6	five	five	NUM
fsr-3926	149	7	-	-	PUNCT
fsr-3926	149	8	year	year	NOUN
fsr-3926	149	9	quintile	quintile	NOUN
fsr-3926	149	10	rank	rank	NOUN
fsr-3926	149	11	1	1	NUM
fsr-3926	149	12	2	2	NUM
fsr-3926	149	13	3	3	NUM
fsr-3926	149	14	4	4	NUM
fsr-3926	149	15	5	5	NUM
fsr-3926	149	16	total	total	NOUN
fsr-3926	149	17	1	1	NUM
fsr-3926	149	18	3	3	NUM
fsr-3926	149	19	2	2	NUM
fsr-3926	149	20	2	2	NUM
fsr-3926	149	21	2	2	NUM
fsr-3926	149	22	2	2	NUM
fsr-3926	149	23	11	11	NUM
fsr-3926	149	24	2	2	NUM
fsr-3926	149	25	2	2	NUM
fsr-3926	149	26	2	2	NUM
fsr-3926	149	27	3	3	NUM
fsr-3926	149	28	2	2	NUM
fsr-3926	149	29	2	2	NUM
fsr-3926	149	30	11	11	NUM
fsr-3926	149	31	3	3	NUM
fsr-3926	149	32	3	3	NUM
fsr-3926	149	33	4	4	NUM
fsr-3926	149	34	2	2	NUM
fsr-3926	149	35	0	0	NUM
fsr-3926	149	36	2	2	NUM
fsr-3926	149	37	11	11	NUM
fsr-3926	149	38	4	4	NUM
fsr-3926	149	39	2	2	NUM
fsr-3926	149	40	3	3	NUM
fsr-3926	149	41	1	1	NUM
fsr-3926	149	42	1	1	NUM
fsr-3926	149	43	3	3	NUM
fsr-3926	149	44	10	10	NUM
fsr-3926	149	45	5	5	NUM
fsr-3926	149	46	1	1	NUM
fsr-3926	149	47	0	0	NUM
fsr-3926	149	48	3	3	NUM
fsr-3926	149	49	5	5	NUM
fsr-3926	149	50	1	1	NUM
fsr-3926	149	51	10	10	NUM
fsr-3926	149	52	total	total	ADJ
fsr-3926	149	53	11	11	NUM
fsr-3926	149	54	11	11	NUM
fsr-3926	149	55	11	11	NUM
fsr-3926	149	56	10	10	NUM
fsr-3926	149	57	10	10	NUM
fsr-3926	149	58	53	53	NUM
fsr-3926	149	59	(	(	PUNCT
fsr-3926	149	60	continued	continue	VERB
fsr-3926	149	61	on	on	ADP
fsr-3926	149	62	next	next	ADJ
fsr-3926	149	63	page	page	NOUN
fsr-3926	149	64	)	)	PUNCT
fsr-3926	149	65	254	254	NUM
fsr-3926	149	66	j.	j.	PROPN
fsr-3926	149	67	philpot	philpot	PROPN
fsr-3926	149	68	/	/	SYM
fsr-3926	149	69	financial	financial	ADJ
fsr-3926	149	70	services	service	NOUN
fsr-3926	149	71	review	review	VERB
fsr-3926	149	72	9	9	NUM
fsr-3926	149	73	(	(	PUNCT
fsr-3926	149	74	2000	2000	NUM
fsr-3926	149	75	)	)	PUNCT
fsr-3926	149	76	247–258	247–258	NUM
fsr-3926	149	77	variables	variable	NOUN
fsr-3926	149	78	,	,	PUNCT
fsr-3926	149	79	including	include	VERB
fsr-3926	149	80	the	the	DET
fsr-3926	149	81	fund	fund	NOUN
fsr-3926	149	82	’s	’s	PART
fsr-3926	149	83	lagged	lag	VERB
fsr-3926	149	84	sharpe	sharpe	PROPN
fsr-3926	149	85	measure	measure	NOUN
fsr-3926	149	86	,	,	PUNCT
fsr-3926	149	87	its	its	PRON
fsr-3926	149	88	expense	expense	NOUN
fsr-3926	149	89	ratio	ratio	NOUN
fsr-3926	149	90	,	,	PUNCT
fsr-3926	149	91	its	its	PRON
fsr-3926	149	92	portfolio	portfolio	NOUN
fsr-3926	149	93	turnover	turnover	NOUN
fsr-3926	149	94	rate	rate	NOUN
fsr-3926	149	95	,	,	PUNCT
fsr-3926	149	96	and	and	CCONJ
fsr-3926	149	97	the	the	DET
fsr-3926	149	98	natural	natural	ADJ
fsr-3926	149	99	logarithm	logarithm	NOUN
fsr-3926	149	100	of	of	ADP
fsr-3926	149	101	its	its	PRON
fsr-3926	149	102	net	net	ADJ
fsr-3926	149	103	assets	asset	NOUN
fsr-3926	149	104	.	.	PUNCT
fsr-3926	150	1	similar	similar	ADJ
fsr-3926	150	2	to	to	ADP
fsr-3926	150	3	philpot	philpot	PROPN
fsr-3926	150	4	et	et	PROPN
fsr-3926	150	5	al	al	PROPN
fsr-3926	150	6	.	.	PROPN
fsr-3926	150	7	,	,	PUNCT
fsr-3926	150	8	we	we	PRON
fsr-3926	150	9	estimated	estimate	VERB
fsr-3926	150	10	a	a	DET
fsr-3926	150	11	pooled	pooled	ADJ
fsr-3926	150	12	time	time	NOUN
fsr-3926	150	13	series	series	PROPN
fsr-3926	150	14	-	-	PUNCT
fsr-3926	150	15	cross	cross	NOUN
fsr-3926	150	16	sectional	sectional	ADJ
fsr-3926	150	17	regression	regression	NOUN
fsr-3926	150	18	model	model	NOUN
fsr-3926	150	19	using	use	VERB
fsr-3926	150	20	one	one	NUM
fsr-3926	150	21	-	-	PUNCT
fsr-3926	150	22	year	year	NOUN
fsr-3926	150	23	time	time	NOUN
fsr-3926	150	24	periods	period	NOUN
fsr-3926	150	25	.	.	PUNCT
fsr-3926	151	1	chow	chow	PROPN
fsr-3926	151	2	tests	test	NOUN
fsr-3926	151	3	indicated	indicate	VERB
fsr-3926	151	4	that	that	SCONJ
fsr-3926	151	5	the	the	DET
fsr-3926	151	6	regression	regression	NOUN
fsr-3926	151	7	parameters	parameter	NOUN
fsr-3926	151	8	were	be	AUX
fsr-3926	151	9	not	not	PART
fsr-3926	151	10	stable	stable	ADJ
fsr-3926	151	11	over	over	ADP
fsr-3926	151	12	time	time	NOUN
fsr-3926	151	13	;	;	PUNCT
fsr-3926	151	14	thus	thus	ADV
fsr-3926	151	15	inferences	inference	NOUN
fsr-3926	151	16	from	from	ADP
fsr-3926	151	17	the	the	DET
fsr-3926	151	18	pooled	pool	VERB
fsr-3926	151	19	data	datum	NOUN
fsr-3926	151	20	are	be	AUX
fsr-3926	151	21	invalid	invalid	ADJ
fsr-3926	151	22	.	.	PUNCT
fsr-3926	152	1	this	this	DET
fsr-3926	152	2	result	result	NOUN
fsr-3926	152	3	held	hold	VERB
fsr-3926	152	4	for	for	ADP
fsr-3926	152	5	the	the	DET
fsr-3926	152	6	full	full	ADJ
fsr-3926	152	7	sample	sample	NOUN
fsr-3926	152	8	and	and	CCONJ
fsr-3926	152	9	all	all	DET
fsr-3926	152	10	sub	sub	NOUN
fsr-3926	152	11	samples	sample	NOUN
fsr-3926	152	12	.	.	PUNCT
fsr-3926	153	1	in	in	ADP
fsr-3926	153	2	each	each	DET
fsr-3926	153	3	case	case	NOUN
fsr-3926	153	4	,	,	PUNCT
fsr-3926	153	5	ignoring	ignore	VERB
fsr-3926	153	6	the	the	DET
fsr-3926	153	7	chow	chow	PROPN
fsr-3926	153	8	test	test	NOUN
fsr-3926	153	9	results	result	NOUN
fsr-3926	153	10	,	,	PUNCT
fsr-3926	153	11	the	the	DET
fsr-3926	153	12	pooled	pool	VERB
fsr-3926	153	13	regression	regression	NOUN
fsr-3926	153	14	results	result	NOUN
fsr-3926	153	15	failed	fail	VERB
fsr-3926	153	16	to	to	PART
fsr-3926	153	17	indicate	indicate	VERB
fsr-3926	153	18	any	any	DET
fsr-3926	153	19	performance	performance	NOUN
fsr-3926	153	20	persistence	persistence	NOUN
fsr-3926	153	21	.	.	PUNCT
fsr-3926	154	1	following	follow	VERB
fsr-3926	154	2	golec	golec	NOUN
fsr-3926	154	3	(	(	PUNCT
fsr-3926	154	4	1996	1996	NUM
fsr-3926	154	5	)	)	PUNCT
fsr-3926	154	6	we	we	PRON
fsr-3926	154	7	also	also	ADV
fsr-3926	154	8	include	include	VERB
fsr-3926	154	9	the	the	DET
fsr-3926	154	10	mutual	mutual	ADJ
fsr-3926	154	11	fund	fund	NOUN
fsr-3926	154	12	manager	manager	NOUN
fsr-3926	154	13	’s	’s	PART
fsr-3926	154	14	tenure	tenure	NOUN
fsr-3926	154	15	.	.	PUNCT
fsr-3926	155	1	we	we	PRON
fsr-3926	155	2	omit	omit	VERB
fsr-3926	155	3	loads	load	NOUN
fsr-3926	155	4	and	and	CCONJ
fsr-3926	155	5	distribution	distribution	NOUN
fsr-3926	155	6	fees	fee	NOUN
fsr-3926	155	7	because	because	SCONJ
fsr-3926	155	8	virtually	virtually	ADV
fsr-3926	155	9	all	all	DET
fsr-3926	155	10	the	the	DET
fsr-3926	155	11	funds	fund	NOUN
fsr-3926	155	12	in	in	ADP
fsr-3926	155	13	our	our	PRON
fsr-3926	155	14	sample	sample	NOUN
fsr-3926	155	15	charged	charge	VERB
fsr-3926	155	16	such	such	ADJ
fsr-3926	155	17	fees	fee	NOUN
fsr-3926	155	18	.	.	PUNCT
fsr-3926	156	1	the	the	DET
fsr-3926	156	2	regression	regression	NOUN
fsr-3926	156	3	equation	equation	NOUN
fsr-3926	156	4	is	be	AUX
fsr-3926	156	5	estimated	estimate	VERB
fsr-3926	156	6	as	as	ADP
fsr-3926	156	7	:	:	PUNCT
fsr-3926	156	8	returni5b01b1(lsharpe)1b2(expensei)1b3(turnoveri)1	returni5b01b1(lsharpe)1b2(expensei)1b3(turnoveri)1	NOUN
fsr-3926	156	9	b4(assetsi)1b5(tenurei)1ei	b4(assetsi)1b5(tenurei)1ei	PROPN
fsr-3926	156	10	,	,	PUNCT
fsr-3926	156	11	(	(	PUNCT
fsr-3926	156	12	1	1	X
fsr-3926	156	13	)	)	PUNCT
fsr-3926	156	14	where	where	SCONJ
fsr-3926	156	15	return	return	VERB
fsr-3926	156	16	5	5	NUM
fsr-3926	156	17	the	the	DET
fsr-3926	156	18	fund	fund	NOUN
fsr-3926	156	19	’s	’s	PART
fsr-3926	156	20	five	five	NUM
fsr-3926	156	21	-	-	PUNCT
fsr-3926	156	22	year	year	NOUN
fsr-3926	156	23	sharpe	sharpe	NOUN
fsr-3926	156	24	measure	measure	NOUN
fsr-3926	156	25	;	;	PUNCT
fsr-3926	156	26	i	i	PRON
fsr-3926	156	27	5	5	NUM
fsr-3926	156	28	1	1	NUM
fsr-3926	156	29	,	,	PUNCT
fsr-3926	156	30	.	.	PUNCT
fsr-3926	156	31	.	.	PUNCT
fsr-3926	157	1	.	.	PUNCT
fsr-3926	158	1	73	73	NUM
fsr-3926	158	2	,	,	PUNCT
fsr-3926	158	3	the	the	DET
fsr-3926	158	4	number	number	NOUN
fsr-3926	158	5	of	of	ADP
fsr-3926	158	6	mutual	mutual	ADJ
fsr-3926	158	7	funds	fund	NOUN
fsr-3926	158	8	in	in	ADP
fsr-3926	158	9	the	the	DET
fsr-3926	158	10	regression	regression	NOUN
fsr-3926	158	11	,	,	PUNCT
fsr-3926	158	12	and	and	CCONJ
fsr-3926	158	13	denotes	denote	VERB
fsr-3926	158	14	the	the	DET
fsr-3926	158	15	individual	individual	ADJ
fsr-3926	158	16	fund	fund	NOUN
fsr-3926	158	17	;	;	PUNCT
fsr-3926	158	18	table	table	NOUN
fsr-3926	158	19	3	3	NUM
fsr-3926	158	20	(	(	PUNCT
fsr-3926	158	21	continued	continued	ADJ
fsr-3926	158	22	)	)	PUNCT
fsr-3926	158	23	panel	panel	NOUN
fsr-3926	158	24	c	c	NOUN
fsr-3926	158	25	:	:	PUNCT
fsr-3926	158	26	non	non	ADJ
fsr-3926	158	27	-	-	ADJ
fsr-3926	158	28	conventional	conventional	ADJ
fsr-3926	158	29	bond	bond	NOUN
fsr-3926	158	30	funds	fund	NOUN
fsr-3926	158	31	with	with	ADP
fsr-3926	158	32	same	same	ADJ
fsr-3926	158	33	manager	manager	NOUN
fsr-3926	158	34	,	,	PUNCT
fsr-3926	158	35	24	24	NUM
fsr-3926	158	36	funds	fund	NOUN
fsr-3926	158	37	.	.	PUNCT
fsr-3926	159	1	prior	prior	ADJ
fsr-3926	159	2	five	five	NUM
fsr-3926	159	3	-	-	PUNCT
fsr-3926	159	4	year	year	NOUN
fsr-3926	159	5	quintile	quintile	NOUN
fsr-3926	159	6	five	five	NUM
fsr-3926	159	7	-	-	PUNCT
fsr-3926	159	8	year	year	NOUN
fsr-3926	159	9	quintile	quintile	NOUN
fsr-3926	159	10	rank	rank	NOUN
fsr-3926	159	11	1	1	NUM
fsr-3926	159	12	2	2	NUM
fsr-3926	159	13	3	3	NUM
fsr-3926	159	14	4	4	NUM
fsr-3926	159	15	5	5	NUM
fsr-3926	159	16	total	total	NOUN
fsr-3926	159	17	1	1	NUM
fsr-3926	159	18	1	1	NUM
fsr-3926	159	19	1	1	NUM
fsr-3926	159	20	1	1	NUM
fsr-3926	159	21	1	1	NUM
fsr-3926	159	22	1	1	NUM
fsr-3926	159	23	5	5	NUM
fsr-3926	159	24	2	2	NUM
fsr-3926	159	25	0	0	NUM
fsr-3926	159	26	0	0	NUM
fsr-3926	159	27	2	2	NUM
fsr-3926	159	28	1	1	NUM
fsr-3926	159	29	2	2	NUM
fsr-3926	159	30	5	5	NUM
fsr-3926	159	31	3	3	NUM
fsr-3926	159	32	2	2	NUM
fsr-3926	159	33	0	0	NUM
fsr-3926	159	34	2	2	NUM
fsr-3926	159	35	1	1	NUM
fsr-3926	159	36	0	0	NUM
fsr-3926	159	37	5	5	NUM
fsr-3926	159	38	4	4	NUM
fsr-3926	159	39	1	1	NUM
fsr-3926	159	40	3	3	NUM
fsr-3926	159	41	0	0	NUM
fsr-3926	159	42	0	0	NUM
fsr-3926	159	43	1	1	NUM
fsr-3926	159	44	5	5	NUM
fsr-3926	159	45	5	5	NUM
fsr-3926	159	46	1	1	NUM
fsr-3926	159	47	1	1	NUM
fsr-3926	159	48	0	0	NUM
fsr-3926	159	49	2	2	NUM
fsr-3926	159	50	0	0	NUM
fsr-3926	159	51	4	4	NUM
fsr-3926	159	52	total	total	NOUN
fsr-3926	159	53	5	5	NUM
fsr-3926	159	54	5	5	NUM
fsr-3926	159	55	5	5	NUM
fsr-3926	159	56	5	5	NUM
fsr-3926	159	57	4	4	NUM
fsr-3926	159	58	24	24	NUM
fsr-3926	159	59	test	test	NOUN
fsr-3926	159	60	for	for	ADP
fsr-3926	159	61	uniform	uniform	ADJ
fsr-3926	159	62	distribution	distribution	NOUN
fsr-3926	159	63	:	:	PUNCT
fsr-3926	159	64	x2	x2	PROPN
fsr-3926	159	65	(	(	PUNCT
fsr-3926	159	66	16	16	NUM
fsr-3926	159	67	)	)	PUNCT
fsr-3926	159	68	5	5	NUM
fsr-3926	159	69	17.33	17.33	NUM
fsr-3926	159	70	;	;	PUNCT
fsr-3926	159	71	p5	p5	PROPN
fsr-3926	159	72	0.3645	0.3645	NUM
fsr-3926	159	73	panel	panel	NOUN
fsr-3926	159	74	d	d	NOUN
fsr-3926	159	75	:	:	PUNCT
fsr-3926	159	76	non	non	ADJ
fsr-3926	159	77	-	-	ADJ
fsr-3926	159	78	conventional	conventional	ADJ
fsr-3926	159	79	bond	bond	NOUN
fsr-3926	159	80	funds	fund	NOUN
fsr-3926	159	81	with	with	ADP
fsr-3926	159	82	high	high	ADJ
fsr-3926	159	83	expenses	expense	NOUN
fsr-3926	159	84	,	,	PUNCT
fsr-3926	159	85	35	35	NUM
fsr-3926	159	86	funds	fund	NOUN
fsr-3926	159	87	.	.	PUNCT
fsr-3926	160	1	prior	prior	ADJ
fsr-3926	160	2	five	five	NUM
fsr-3926	160	3	-	-	PUNCT
fsr-3926	160	4	year	year	NOUN
fsr-3926	160	5	quintile	quintile	NOUN
fsr-3926	160	6	five	five	NUM
fsr-3926	160	7	-	-	PUNCT
fsr-3926	160	8	year	year	NOUN
fsr-3926	160	9	quintile	quintile	NOUN
fsr-3926	160	10	rank	rank	NOUN
fsr-3926	160	11	1	1	NUM
fsr-3926	160	12	2	2	NUM
fsr-3926	160	13	3	3	NUM
fsr-3926	160	14	4	4	NUM
fsr-3926	160	15	5	5	NUM
fsr-3926	160	16	total	total	NOUN
fsr-3926	160	17	1	1	NUM
fsr-3926	160	18	0	0	NUM
fsr-3926	160	19	1	1	NUM
fsr-3926	160	20	4	4	NUM
fsr-3926	160	21	1	1	NUM
fsr-3926	160	22	1	1	NUM
fsr-3926	160	23	7	7	NUM
fsr-3926	160	24	2	2	NUM
fsr-3926	160	25	2	2	NUM
fsr-3926	160	26	1	1	NUM
fsr-3926	160	27	2	2	NUM
fsr-3926	160	28	2	2	NUM
fsr-3926	160	29	0	0	NUM
fsr-3926	160	30	7	7	NUM
fsr-3926	160	31	3	3	NUM
fsr-3926	160	32	1	1	NUM
fsr-3926	160	33	0	0	NUM
fsr-3926	160	34	0	0	NUM
fsr-3926	160	35	1	1	NUM
fsr-3926	160	36	5	5	NUM
fsr-3926	160	37	7	7	NUM
fsr-3926	160	38	4	4	NUM
fsr-3926	160	39	2	2	NUM
fsr-3926	160	40	2	2	NUM
fsr-3926	160	41	1	1	NUM
fsr-3926	160	42	2	2	NUM
fsr-3926	160	43	0	0	NUM
fsr-3926	160	44	7	7	NUM
fsr-3926	160	45	5	5	NUM
fsr-3926	160	46	2	2	NUM
fsr-3926	160	47	3	3	NUM
fsr-3926	160	48	0	0	NUM
fsr-3926	160	49	1	1	NUM
fsr-3926	160	50	1	1	NUM
fsr-3926	160	51	7	7	NUM
fsr-3926	160	52	total	total	NOUN
fsr-3926	160	53	7	7	NUM
fsr-3926	160	54	7	7	NUM
fsr-3926	160	55	7	7	NUM
fsr-3926	160	56	7	7	NUM
fsr-3926	160	57	7	7	NUM
fsr-3926	160	58	24	24	NUM
fsr-3926	160	59	test	test	NOUN
fsr-3926	160	60	for	for	ADP
fsr-3926	160	61	uniform	uniform	ADJ
fsr-3926	160	62	distribution	distribution	NOUN
fsr-3926	160	63	:	:	PUNCT
fsr-3926	160	64	x2	x2	PROPN
fsr-3926	160	65	(	(	PUNCT
fsr-3926	160	66	16	16	NUM
fsr-3926	160	67	)	)	PUNCT
fsr-3926	160	68	5	5	NUM
fsr-3926	160	69	27.14	27.14	NUM
fsr-3926	160	70	;	;	PUNCT
fsr-3926	160	71	p5	p5	PROPN
fsr-3926	160	72	0.0399	0.0399	NUM
fsr-3926	160	73	255j	255j	PROPN
fsr-3926	160	74	.	.	PUNCT
fsr-3926	161	1	philpot	philpot	PROPN
fsr-3926	161	2	/	/	SYM
fsr-3926	161	3	financial	financial	ADJ
fsr-3926	161	4	services	service	NOUN
fsr-3926	161	5	review	review	VERB
fsr-3926	161	6	9	9	NUM
fsr-3926	161	7	(	(	PUNCT
fsr-3926	161	8	2000	2000	NUM
fsr-3926	161	9	)	)	PUNCT
fsr-3926	162	1	247–258	247–258	NUM
fsr-3926	162	2	b0	b0	ADP
fsr-3926	162	3	5	5	NUM
fsr-3926	162	4	an	an	DET
fsr-3926	162	5	intercept	intercept	NOUN
fsr-3926	162	6	term	term	NOUN
fsr-3926	162	7	;	;	PUNCT
fsr-3926	162	8	lsharpe5	lsharpe5	NOUN
fsr-3926	162	9	the	the	DET
fsr-3926	162	10	fund	fund	NOUN
fsr-3926	162	11	’s	’s	PART
fsr-3926	162	12	prior	prior	ADJ
fsr-3926	162	13	five	five	NUM
fsr-3926	162	14	-	-	PUNCT
fsr-3926	162	15	year	year	NOUN
fsr-3926	162	16	period	period	NOUN
fsr-3926	162	17	sharpe	sharpe	NOUN
fsr-3926	162	18	measure	measure	NOUN
fsr-3926	162	19	;	;	PUNCT
fsr-3926	162	20	expense5	expense5	PROPN
fsr-3926	162	21	the	the	DET
fsr-3926	162	22	fund	fund	NOUN
fsr-3926	162	23	’s	’s	PART
fsr-3926	162	24	average	average	ADJ
fsr-3926	162	25	expense	expense	NOUN
fsr-3926	162	26	ratio	ratio	NOUN
fsr-3926	162	27	;	;	PUNCT
fsr-3926	162	28	turnover	turnover	NOUN
fsr-3926	162	29	5	5	NUM
fsr-3926	162	30	the	the	DET
fsr-3926	162	31	fund	fund	NOUN
fsr-3926	162	32	’s	’s	PART
fsr-3926	162	33	average	average	ADJ
fsr-3926	162	34	portfolio	portfolio	NOUN
fsr-3926	162	35	turnover	turnover	NOUN
fsr-3926	162	36	rate	rate	NOUN
fsr-3926	162	37	;	;	PUNCT
fsr-3926	162	38	assets5	assets5	PROPN
fsr-3926	162	39	the	the	DET
fsr-3926	162	40	fund	fund	NOUN
fsr-3926	162	41	’s	’s	PART
fsr-3926	162	42	total	total	ADJ
fsr-3926	162	43	assets	asset	NOUN
fsr-3926	162	44	at	at	ADP
fsr-3926	162	45	the	the	DET
fsr-3926	162	46	beginning	beginning	NOUN
fsr-3926	162	47	of	of	ADP
fsr-3926	162	48	the	the	DET
fsr-3926	162	49	period	period	NOUN
fsr-3926	162	50	;	;	PUNCT
fsr-3926	162	51	tenure	tenure	NOUN
fsr-3926	162	52	5	5	NUM
fsr-3926	162	53	the	the	DET
fsr-3926	162	54	fund	fund	NOUN
fsr-3926	162	55	manager	manager	NOUN
fsr-3926	162	56	’s	’s	PART
fsr-3926	162	57	tenure	tenure	NOUN
fsr-3926	162	58	in	in	ADP
fsr-3926	162	59	years	year	NOUN
fsr-3926	162	60	;	;	PUNCT
fsr-3926	162	61	e	e	X
fsr-3926	162	62	5	5	NUM
fsr-3926	162	63	a	a	DET
fsr-3926	162	64	residual	residual	ADJ
fsr-3926	162	65	term	term	NOUN
fsr-3926	162	66	.	.	PUNCT
fsr-3926	163	1	table	table	NOUN
fsr-3926	163	2	4	4	NUM
fsr-3926	163	3	shows	show	VERB
fsr-3926	163	4	regression	regression	NOUN
fsr-3926	163	5	results	result	NOUN
fsr-3926	163	6	using	use	VERB
fsr-3926	163	7	the	the	DET
fsr-3926	163	8	full	full	ADJ
fsr-3926	163	9	sample	sample	NOUN
fsr-3926	163	10	.	.	PUNCT
fsr-3926	164	1	diagnostic	diagnostic	ADJ
fsr-3926	164	2	tests	test	NOUN
fsr-3926	164	3	showed	show	VERB
fsr-3926	164	4	no	no	DET
fsr-3926	164	5	violations	violation	NOUN
fsr-3926	164	6	of	of	ADP
fsr-3926	164	7	ols	ol	NOUN
fsr-3926	164	8	assumptions	assumption	NOUN
fsr-3926	164	9	.	.	PUNCT
fsr-3926	165	1	the	the	DET
fsr-3926	165	2	regression	regression	NOUN
fsr-3926	165	3	results	result	NOUN
fsr-3926	165	4	indicate	indicate	VERB
fsr-3926	165	5	that	that	SCONJ
fsr-3926	165	6	for	for	ADP
fsr-3926	165	7	nonconventional	nonconventional	ADJ
fsr-3926	165	8	bond	bond	NOUN
fsr-3926	165	9	funds	fund	NOUN
fsr-3926	165	10	over	over	ADP
fsr-3926	165	11	a	a	DET
fsr-3926	165	12	five	five	NUM
fsr-3926	165	13	-	-	PUNCT
fsr-3926	165	14	year	year	NOUN
fsr-3926	165	15	horizon	horizon	NOUN
fsr-3926	165	16	,	,	PUNCT
fsr-3926	165	17	risk	risk	NOUN
fsr-3926	165	18	-	-	PUNCT
fsr-3926	165	19	adjusted	adjust	VERB
fsr-3926	165	20	returns	return	NOUN
fsr-3926	165	21	are	be	AUX
fsr-3926	165	22	unrelated	unrelated	ADJ
fsr-3926	165	23	to	to	ADP
fsr-3926	165	24	any	any	PRON
fsr-3926	165	25	of	of	ADP
fsr-3926	165	26	the	the	DET
fsr-3926	165	27	independent	independent	ADJ
fsr-3926	165	28	variables	variable	NOUN
fsr-3926	165	29	,	,	PUNCT
fsr-3926	165	30	with	with	ADP
fsr-3926	165	31	the	the	DET
fsr-3926	165	32	exception	exception	NOUN
fsr-3926	165	33	of	of	ADP
fsr-3926	165	34	portfolio	portfolio	NOUN
fsr-3926	165	35	turnover	turnover	NOUN
fsr-3926	165	36	.	.	PUNCT
fsr-3926	166	1	the	the	DET
fsr-3926	166	2	results	result	NOUN
fsr-3926	166	3	provide	provide	VERB
fsr-3926	166	4	no	no	DET
fsr-3926	166	5	evidence	evidence	NOUN
fsr-3926	166	6	of	of	ADP
fsr-3926	166	7	consistency	consistency	NOUN
fsr-3926	166	8	in	in	ADP
fsr-3926	166	9	relative	relative	ADJ
fsr-3926	166	10	performance	performance	NOUN
fsr-3926	166	11	by	by	ADP
fsr-3926	166	12	nonconventional	nonconventional	ADJ
fsr-3926	166	13	bond	bond	NOUN
fsr-3926	166	14	mutual	mutual	ADJ
fsr-3926	166	15	fund	fund	NOUN
fsr-3926	166	16	managers	manager	NOUN
fsr-3926	166	17	.	.	PUNCT
fsr-3926	167	1	the	the	DET
fsr-3926	167	2	insignificant	insignificant	ADJ
fsr-3926	167	3	expense	expense	NOUN
fsr-3926	167	4	variable	variable	NOUN
fsr-3926	167	5	(	(	PUNCT
fsr-3926	167	6	t5	t5	PROPN
fsr-3926	167	7	20.5829	20.5829	NUM
fsr-3926	167	8	)	)	PUNCT
fsr-3926	167	9	and	and	CCONJ
fsr-3926	167	10	negative	negative	ADJ
fsr-3926	167	11	turnover	turnover	NOUN
fsr-3926	167	12	variable	variable	NOUN
fsr-3926	167	13	(	(	PUNCT
fsr-3926	167	14	t5	t5	PROPN
fsr-3926	167	15	22.4148	22.4148	NUM
fsr-3926	167	16	)	)	PUNCT
fsr-3926	167	17	indicate	indicate	VERB
fsr-3926	167	18	that	that	SCONJ
fsr-3926	167	19	resources	resource	NOUN
fsr-3926	167	20	and	and	CCONJ
fsr-3926	167	21	effort	effort	NOUN
fsr-3926	167	22	spent	spend	VERB
fsr-3926	167	23	by	by	ADP
fsr-3926	167	24	management	management	NOUN
fsr-3926	167	25	are	be	AUX
fsr-3926	167	26	not	not	PART
fsr-3926	167	27	rewarded	reward	VERB
fsr-3926	167	28	with	with	ADP
fsr-3926	167	29	increased	increase	VERB
fsr-3926	167	30	net	net	ADJ
fsr-3926	167	31	returns	return	NOUN
fsr-3926	167	32	.	.	PUNCT
fsr-3926	168	1	nonconventional	nonconventional	ADJ
fsr-3926	168	2	bond	bond	NOUN
fsr-3926	168	3	mutual	mutual	ADJ
fsr-3926	168	4	funds	fund	NOUN
fsr-3926	168	5	appear	appear	VERB
fsr-3926	168	6	to	to	ADP
fsr-3926	168	7	neither	neither	CCONJ
fsr-3926	168	8	benefit	benefit	VERB
fsr-3926	168	9	from	from	ADP
fsr-3926	168	10	economies	economy	NOUN
fsr-3926	168	11	of	of	ADP
fsr-3926	168	12	scale	scale	NOUN
fsr-3926	168	13	nor	nor	CCONJ
fsr-3926	168	14	suffer	suffer	VERB
fsr-3926	168	15	from	from	ADP
fsr-3926	168	16	scale	scale	NOUN
fsr-3926	168	17	diseconomies	diseconomie	NOUN
fsr-3926	168	18	based	base	VERB
fsr-3926	168	19	on	on	ADP
fsr-3926	168	20	large	large	ADJ
fsr-3926	168	21	asset	asset	NOUN
fsr-3926	168	22	size	size	NOUN
fsr-3926	168	23	.	.	PUNCT
fsr-3926	169	1	the	the	DET
fsr-3926	169	2	management	management	NOUN
fsr-3926	169	3	tenure	tenure	NOUN
fsr-3926	169	4	variable	variable	NOUN
fsr-3926	169	5	,	,	PUNCT
fsr-3926	169	6	significant	significant	ADJ
fsr-3926	169	7	at	at	ADP
fsr-3926	169	8	the	the	DET
fsr-3926	169	9	0.10	0.10	NUM
fsr-3926	169	10	level	level	NOUN
fsr-3926	169	11	(	(	PUNCT
fsr-3926	169	12	t5	t5	PROPN
fsr-3926	169	13	1.5442	1.5442	NUM
fsr-3926	169	14	)	)	PUNCT
fsr-3926	169	15	,	,	PUNCT
fsr-3926	169	16	provides	provide	VERB
fsr-3926	169	17	only	only	ADV
fsr-3926	169	18	weak	weak	ADJ
fsr-3926	169	19	evidence	evidence	NOUN
fsr-3926	169	20	of	of	ADP
fsr-3926	169	21	increased	increase	VERB
fsr-3926	169	22	management	management	NOUN
fsr-3926	169	23	expertise	expertise	NOUN
fsr-3926	169	24	with	with	ADP
fsr-3926	169	25	increased	increase	VERB
fsr-3926	169	26	time	time	NOUN
fsr-3926	169	27	managing	manage	VERB
fsr-3926	169	28	a	a	DET
fsr-3926	169	29	particular	particular	ADJ
fsr-3926	169	30	fund	fund	NOUN
fsr-3926	169	31	.	.	PUNCT
fsr-3926	170	1	we	we	PRON
fsr-3926	170	2	repeated	repeat	VERB
fsr-3926	170	3	the	the	DET
fsr-3926	170	4	regression	regression	NOUN
fsr-3926	170	5	model	model	NOUN
fsr-3926	170	6	estimation	estimation	NOUN
fsr-3926	170	7	for	for	ADP
fsr-3926	170	8	the	the	DET
fsr-3926	170	9	high	high	ADJ
fsr-3926	170	10	-	-	PUNCT
fsr-3926	170	11	yield	yield	NOUN
fsr-3926	170	12	bond	bond	NOUN
fsr-3926	170	13	fund	fund	NOUN
fsr-3926	170	14	subsample	subsample	NOUN
fsr-3926	170	15	and	and	CCONJ
fsr-3926	170	16	the	the	DET
fsr-3926	170	17	subsample	subsample	NOUN
fsr-3926	170	18	of	of	ADP
fsr-3926	170	19	funds	fund	NOUN
fsr-3926	170	20	that	that	PRON
fsr-3926	170	21	had	have	VERB
fsr-3926	170	22	no	no	DET
fsr-3926	170	23	managerial	managerial	ADJ
fsr-3926	170	24	change	change	NOUN
fsr-3926	170	25	over	over	ADP
fsr-3926	170	26	the	the	DET
fsr-3926	170	27	sample	sample	NOUN
fsr-3926	170	28	period	period	NOUN
fsr-3926	170	29	.	.	PUNCT
fsr-3926	171	1	in	in	ADP
fsr-3926	171	2	both	both	PRON
fsr-3926	171	3	of	of	ADP
fsr-3926	171	4	these	these	DET
fsr-3926	171	5	cases	case	NOUN
fsr-3926	171	6	,	,	PUNCT
fsr-3926	171	7	the	the	DET
fsr-3926	171	8	regression	regression	NOUN
fsr-3926	171	9	model	model	NOUN
fsr-3926	171	10	itself	itself	PRON
fsr-3926	171	11	was	be	AUX
fsr-3926	171	12	insignificant	insignificant	ADJ
fsr-3926	171	13	,	,	PUNCT
fsr-3926	171	14	meaning	mean	VERB
fsr-3926	171	15	that	that	SCONJ
fsr-3926	171	16	fund	fund	NOUN
fsr-3926	171	17	returns	return	NOUN
fsr-3926	171	18	were	be	AUX
fsr-3926	171	19	not	not	PART
fsr-3926	171	20	table	table	NOUN
fsr-3926	171	21	4	4	NUM
fsr-3926	171	22	results	result	NOUN
fsr-3926	171	23	from	from	ADP
fsr-3926	171	24	regression	regression	NOUN
fsr-3926	171	25	of	of	ADP
fsr-3926	171	26	five	five	NUM
fsr-3926	171	27	-	-	PUNCT
fsr-3926	171	28	year	year	NOUN
fsr-3926	171	29	sharpe	sharpe	NOUN
fsr-3926	171	30	performance	performance	NOUN
fsr-3926	171	31	measure	measure	NOUN
fsr-3926	171	32	on	on	ADP
fsr-3926	171	33	independent	independent	ADJ
fsr-3926	171	34	variables	variable	NOUN
fsr-3926	171	35	for	for	ADP
fsr-3926	171	36	nonconventional	nonconventional	ADJ
fsr-3926	171	37	bond	bond	NOUN
fsr-3926	171	38	mutual	mutual	ADJ
fsr-3926	171	39	funds	fund	NOUN
fsr-3926	171	40	,	,	PUNCT
fsr-3926	171	41	1988–1997	1988–1997	NUM
fsr-3926	171	42	,	,	PUNCT
fsr-3926	171	43	73	73	NUM
fsr-3926	171	44	funds	fund	NOUN
fsr-3926	171	45	.	.	PUNCT
fsr-3926	172	1	independent	independent	ADJ
fsr-3926	172	2	variable	variable	ADJ
fsr-3926	172	3	parameter	parameter	NOUN
fsr-3926	172	4	estimate	estimate	VERB
fsr-3926	172	5	t	t	NOUN
fsr-3926	172	6	-	-	PUNCT
fsr-3926	172	7	statistic	statistic	NOUN
fsr-3926	172	8	lsharpe	lsharpe	NOUN
fsr-3926	172	9	20.0427	20.0427	NUM
fsr-3926	172	10	20.3561	20.3561	NUM
fsr-3926	172	11	expense	expense	NOUN
fsr-3926	172	12	20.0360	20.0360	NUM
fsr-3926	172	13	20.5829	20.5829	NUM
fsr-3926	172	14	turnover	turnover	NOUN
fsr-3926	172	15	20.0007	20.0007	NUM
fsr-3926	172	16	22.4148	22.4148	NUM
fsr-3926	172	17	*	*	PUNCT
fsr-3926	172	18	*	*	PUNCT
fsr-3926	172	19	assets	asset	NOUN
fsr-3926	172	20	20.0001	20.0001	NUM
fsr-3926	172	21	20.6861	20.6861	NUM
fsr-3926	172	22	tenure	tenure	NOUN
fsr-3926	172	23	0.0085	0.0085	NUM
fsr-3926	172	24	1.5442	1.5442	NUM
fsr-3926	172	25	*	*	PUNCT
fsr-3926	172	26	model	model	NOUN
fsr-3926	172	27	f	f	PROPN
fsr-3926	172	28	5	5	NUM
fsr-3926	172	29	2.6625	2.6625	NUM
fsr-3926	172	30	,	,	PUNCT
fsr-3926	172	31	p5	p5	VERB
fsr-3926	172	32	0.0296	0.0296	NUM
fsr-3926	172	33	.	.	PUNCT
fsr-3926	173	1	model	model	PROPN
fsr-3926	173	2	adjusted	adjust	VERB
fsr-3926	173	3	r2	r2	PROPN
fsr-3926	173	4	5	5	NUM
fsr-3926	173	5	0.1035	0.1035	NUM
fsr-3926	173	6	.	.	PUNCT
fsr-3926	174	1	*	*	PUNCT
fsr-3926	174	2	significant	significant	ADJ
fsr-3926	174	3	at	at	ADP
fsr-3926	174	4	0.10	0.10	NUM
fsr-3926	174	5	level	level	NOUN
fsr-3926	174	6	*	*	PUNCT
fsr-3926	174	7	*	*	NOUN
fsr-3926	174	8	significant	significant	ADJ
fsr-3926	174	9	at	at	ADP
fsr-3926	174	10	0.01	0.01	NUM
fsr-3926	174	11	level	level	NOUN
fsr-3926	174	12	lsharpe5	lsharpe5	NOUN
fsr-3926	175	1	the	the	DET
fsr-3926	175	2	fund	fund	NOUN
fsr-3926	175	3	’s	’s	PART
fsr-3926	175	4	prior	prior	ADJ
fsr-3926	175	5	five	five	NUM
fsr-3926	175	6	-	-	PUNCT
fsr-3926	175	7	year	year	NOUN
fsr-3926	175	8	period	period	NOUN
fsr-3926	175	9	sharpe	sharpe	PROPN
fsr-3926	175	10	measure	measure	NOUN
fsr-3926	175	11	.	.	PUNCT
fsr-3926	176	1	expense5	expense5	NOUN
fsr-3926	177	1	the	the	DET
fsr-3926	177	2	fund	fund	NOUN
fsr-3926	177	3	’s	’s	PART
fsr-3926	177	4	average	average	ADJ
fsr-3926	177	5	expense	expense	NOUN
fsr-3926	177	6	ratio	ratio	NOUN
fsr-3926	177	7	.	.	PUNCT
fsr-3926	178	1	turnover	turnover	NOUN
fsr-3926	178	2	5	5	NUM
fsr-3926	178	3	the	the	DET
fsr-3926	178	4	fund	fund	NOUN
fsr-3926	178	5	’s	’s	PART
fsr-3926	178	6	average	average	ADJ
fsr-3926	178	7	portfolio	portfolio	NOUN
fsr-3926	178	8	turnover	turnover	NOUN
fsr-3926	178	9	rate	rate	NOUN
fsr-3926	178	10	.	.	PUNCT
fsr-3926	179	1	assets5	assets5	PROPN
fsr-3926	180	1	the	the	DET
fsr-3926	180	2	fund	fund	NOUN
fsr-3926	180	3	’s	’s	PART
fsr-3926	180	4	total	total	ADJ
fsr-3926	180	5	assets	asset	NOUN
fsr-3926	180	6	at	at	ADP
fsr-3926	180	7	the	the	DET
fsr-3926	180	8	beginning	beginning	NOUN
fsr-3926	180	9	of	of	ADP
fsr-3926	180	10	the	the	DET
fsr-3926	180	11	period	period	NOUN
fsr-3926	180	12	.	.	PUNCT
fsr-3926	181	1	tenure	tenure	NOUN
fsr-3926	181	2	5	5	NUM
fsr-3926	181	3	the	the	DET
fsr-3926	181	4	fund	fund	NOUN
fsr-3926	181	5	manager	manager	NOUN
fsr-3926	181	6	’s	’s	PART
fsr-3926	181	7	tenure	tenure	NOUN
fsr-3926	181	8	in	in	ADP
fsr-3926	181	9	years	year	NOUN
fsr-3926	181	10	.	.	PUNCT
fsr-3926	182	1	256	256	NUM
fsr-3926	182	2	j.	j.	PROPN
fsr-3926	182	3	philpot	philpot	PROPN
fsr-3926	182	4	/	/	SYM
fsr-3926	182	5	financial	financial	ADJ
fsr-3926	182	6	services	service	NOUN
fsr-3926	182	7	review	review	VERB
fsr-3926	182	8	9	9	NUM
fsr-3926	182	9	(	(	PUNCT
fsr-3926	182	10	2000	2000	NUM
fsr-3926	182	11	)	)	PUNCT
fsr-3926	183	1	247–258	247–258	NUM
fsr-3926	183	2	a	a	DET
fsr-3926	183	3	function	function	NOUN
fsr-3926	183	4	of	of	ADP
fsr-3926	183	5	any	any	PRON
fsr-3926	183	6	of	of	ADP
fsr-3926	183	7	the	the	DET
fsr-3926	183	8	independent	independent	ADJ
fsr-3926	183	9	variables	variable	NOUN
fsr-3926	183	10	.	.	PUNCT
fsr-3926	184	1	thus	thus	ADV
fsr-3926	184	2	there	there	PRON
fsr-3926	184	3	is	be	VERB
fsr-3926	184	4	again	again	ADV
fsr-3926	184	5	no	no	DET
fsr-3926	184	6	evidence	evidence	NOUN
fsr-3926	184	7	of	of	ADP
fsr-3926	184	8	performance	performance	NOUN
fsr-3926	184	9	persistence	persistence	NOUN
fsr-3926	184	10	or	or	CCONJ
fsr-3926	184	11	management	management	NOUN
fsr-3926	184	12	effectiveness	effectiveness	NOUN
fsr-3926	184	13	.	.	PUNCT
fsr-3926	185	1	6	6	X
fsr-3926	185	2	.	.	X
fsr-3926	185	3	conclusion	conclusion	NOUN
fsr-3926	185	4	prior	prior	ADJ
fsr-3926	185	5	work	work	NOUN
fsr-3926	185	6	has	have	AUX
fsr-3926	185	7	shown	show	VERB
fsr-3926	185	8	that	that	SCONJ
fsr-3926	185	9	there	there	PRON
fsr-3926	185	10	is	be	VERB
fsr-3926	185	11	persistence	persistence	NOUN
fsr-3926	185	12	in	in	ADP
fsr-3926	185	13	relative	relative	ADJ
fsr-3926	185	14	performance	performance	NOUN
fsr-3926	185	15	in	in	ADP
fsr-3926	185	16	equity	equity	NOUN
fsr-3926	185	17	mutual	mutual	ADJ
fsr-3926	185	18	funds	fund	NOUN
fsr-3926	185	19	.	.	PUNCT
fsr-3926	186	1	this	this	PRON
fsr-3926	186	2	has	have	AUX
fsr-3926	186	3	led	lead	VERB
fsr-3926	186	4	to	to	ADP
fsr-3926	186	5	speculation	speculation	NOUN
fsr-3926	186	6	that	that	SCONJ
fsr-3926	186	7	there	there	PRON
fsr-3926	186	8	are	be	VERB
fsr-3926	186	9	systematic	systematic	ADJ
fsr-3926	186	10	and	and	CCONJ
fsr-3926	186	11	persistent	persistent	ADJ
fsr-3926	186	12	differences	difference	NOUN
fsr-3926	186	13	in	in	ADP
fsr-3926	186	14	skill	skill	NOUN
fsr-3926	186	15	levels	level	NOUN
fsr-3926	186	16	among	among	ADP
fsr-3926	186	17	mutual	mutual	ADJ
fsr-3926	186	18	fund	fund	NOUN
fsr-3926	186	19	managers	manager	NOUN
fsr-3926	186	20	.	.	PUNCT
fsr-3926	187	1	these	these	DET
fsr-3926	187	2	skill	skill	NOUN
fsr-3926	187	3	differences	difference	NOUN
fsr-3926	187	4	have	have	AUX
fsr-3926	187	5	not	not	PART
fsr-3926	187	6	shown	show	VERB
fsr-3926	187	7	up	up	ADP
fsr-3926	187	8	in	in	ADP
fsr-3926	187	9	studies	study	NOUN
fsr-3926	187	10	of	of	ADP
fsr-3926	187	11	straight	straight	ADJ
fsr-3926	187	12	bond	bond	NOUN
fsr-3926	187	13	funds	fund	NOUN
fsr-3926	187	14	,	,	PUNCT
fsr-3926	187	15	perhaps	perhaps	ADV
fsr-3926	187	16	due	due	ADP
fsr-3926	187	17	to	to	ADP
fsr-3926	187	18	the	the	DET
fsr-3926	187	19	relative	relative	ADJ
fsr-3926	187	20	homogeneity	homogeneity	NOUN
fsr-3926	187	21	of	of	ADP
fsr-3926	187	22	investment	investment	NOUN
fsr-3926	187	23	grade	grade	NOUN
fsr-3926	187	24	bonds	bond	NOUN
fsr-3926	187	25	.	.	PUNCT
fsr-3926	188	1	although	although	SCONJ
fsr-3926	188	2	managers	manager	NOUN
fsr-3926	188	3	of	of	ADP
fsr-3926	188	4	high	high	ADJ
fsr-3926	188	5	-	-	PUNCT
fsr-3926	188	6	yield	yield	NOUN
fsr-3926	188	7	,	,	PUNCT
fsr-3926	188	8	convertible	convertible	ADJ
fsr-3926	188	9	and	and	CCONJ
fsr-3926	188	10	global	global	ADJ
fsr-3926	188	11	bond	bond	NOUN
fsr-3926	188	12	funds	fund	NOUN
fsr-3926	188	13	may	may	AUX
fsr-3926	188	14	face	face	VERB
fsr-3926	188	15	more	more	ADV
fsr-3926	188	16	diverse	diverse	ADJ
fsr-3926	188	17	investment	investment	NOUN
fsr-3926	188	18	opportunities	opportunity	NOUN
fsr-3926	188	19	,	,	PUNCT
fsr-3926	188	20	we	we	PRON
fsr-3926	188	21	find	find	VERB
fsr-3926	188	22	that	that	SCONJ
fsr-3926	188	23	there	there	PRON
fsr-3926	188	24	is	be	VERB
fsr-3926	188	25	at	at	ADP
fsr-3926	188	26	best	good	ADJ
fsr-3926	188	27	a	a	DET
fsr-3926	188	28	very	very	ADV
fsr-3926	188	29	modest	modest	ADJ
fsr-3926	188	30	short	short	ADJ
fsr-3926	188	31	-	-	PUNCT
fsr-3926	188	32	run	run	NOUN
fsr-3926	188	33	persistence	persistence	NOUN
fsr-3926	188	34	in	in	ADP
fsr-3926	188	35	relative	relative	ADJ
fsr-3926	188	36	fund	fund	NOUN
fsr-3926	188	37	performance	performance	NOUN
fsr-3926	188	38	of	of	ADP
fsr-3926	188	39	such	such	ADJ
fsr-3926	188	40	funds	fund	NOUN
fsr-3926	188	41	,	,	PUNCT
fsr-3926	188	42	and	and	CCONJ
fsr-3926	188	43	this	this	PRON
fsr-3926	188	44	appears	appear	VERB
fsr-3926	188	45	limited	limit	VERB
fsr-3926	188	46	to	to	ADP
fsr-3926	188	47	the	the	DET
fsr-3926	188	48	high	high	ADJ
fsr-3926	188	49	-	-	PUNCT
fsr-3926	188	50	yield	yield	NOUN
fsr-3926	188	51	fund	fund	NOUN
fsr-3926	188	52	subset	subset	NOUN
fsr-3926	188	53	.	.	PUNCT
fsr-3926	189	1	examination	examination	NOUN
fsr-3926	189	2	of	of	ADP
fsr-3926	189	3	returns	return	NOUN
fsr-3926	189	4	over	over	ADP
fsr-3926	189	5	a	a	DET
fsr-3926	189	6	longer	long	ADJ
fsr-3926	189	7	time	time	NOUN
fsr-3926	189	8	period	period	NOUN
fsr-3926	189	9	shows	show	VERB
fsr-3926	189	10	no	no	DET
fsr-3926	189	11	evidence	evidence	NOUN
fsr-3926	189	12	of	of	ADP
fsr-3926	189	13	management	management	NOUN
fsr-3926	189	14	skill	skill	NOUN
fsr-3926	189	15	or	or	CCONJ
fsr-3926	189	16	performance	performance	NOUN
fsr-3926	189	17	persistence	persistence	NOUN
fsr-3926	189	18	in	in	ADP
fsr-3926	189	19	nonconventional	nonconventional	ADJ
fsr-3926	189	20	bond	bond	NOUN
fsr-3926	189	21	mutual	mutual	ADJ
fsr-3926	189	22	funds	fund	NOUN
fsr-3926	189	23	.	.	PUNCT
fsr-3926	190	1	given	give	VERB
fsr-3926	190	2	these	these	DET
fsr-3926	190	3	results	result	NOUN
fsr-3926	190	4	and	and	CCONJ
fsr-3926	190	5	those	those	PRON
fsr-3926	190	6	of	of	ADP
fsr-3926	190	7	other	other	ADJ
fsr-3926	190	8	studies	study	NOUN
fsr-3926	190	9	,	,	PUNCT
fsr-3926	190	10	it	it	PRON
fsr-3926	190	11	is	be	AUX
fsr-3926	190	12	apparent	apparent	ADJ
fsr-3926	190	13	that	that	SCONJ
fsr-3926	190	14	the	the	DET
fsr-3926	190	15	growth	growth	NOUN
fsr-3926	190	16	in	in	ADP
fsr-3926	190	17	the	the	DET
fsr-3926	190	18	bond	bond	NOUN
fsr-3926	190	19	sector	sector	NOUN
fsr-3926	190	20	of	of	ADP
fsr-3926	190	21	the	the	DET
fsr-3926	190	22	mutual	mutual	ADJ
fsr-3926	190	23	fund	fund	NOUN
fsr-3926	190	24	industry	industry	NOUN
fsr-3926	190	25	is	be	AUX
fsr-3926	190	26	not	not	PART
fsr-3926	190	27	the	the	DET
fsr-3926	190	28	result	result	NOUN
fsr-3926	190	29	of	of	ADP
fsr-3926	190	30	expertise	expertise	NOUN
fsr-3926	190	31	in	in	ADP
fsr-3926	190	32	professional	professional	ADJ
fsr-3926	190	33	management	management	NOUN
fsr-3926	190	34	.	.	PUNCT
fsr-3926	191	1	rather	rather	ADV
fsr-3926	191	2	,	,	PUNCT
fsr-3926	191	3	it	it	PRON
fsr-3926	191	4	appears	appear	VERB
fsr-3926	191	5	that	that	SCONJ
fsr-3926	191	6	rational	rational	ADJ
fsr-3926	191	7	investors	investor	NOUN
fsr-3926	191	8	may	may	AUX
fsr-3926	191	9	invest	invest	VERB
fsr-3926	191	10	in	in	ADP
fsr-3926	191	11	bonds	bond	NOUN
fsr-3926	191	12	through	through	ADP
fsr-3926	191	13	mutual	mutual	ADJ
fsr-3926	191	14	funds	fund	NOUN
fsr-3926	191	15	merely	merely	ADV
fsr-3926	191	16	to	to	PART
fsr-3926	191	17	take	take	VERB
fsr-3926	191	18	advantage	advantage	NOUN
fsr-3926	191	19	of	of	ADP
fsr-3926	191	20	the	the	DET
fsr-3926	191	21	financial	financial	ADJ
fsr-3926	191	22	intermediary	intermediary	NOUN
fsr-3926	191	23	functions	function	NOUN
fsr-3926	191	24	(	(	PUNCT
fsr-3926	191	25	diversification	diversification	NOUN
fsr-3926	191	26	,	,	PUNCT
fsr-3926	191	27	liquidity	liquidity	NOUN
fsr-3926	191	28	,	,	PUNCT
fsr-3926	191	29	and	and	CCONJ
fsr-3926	191	30	so	so	ADV
fsr-3926	191	31	forth	forth	ADV
fsr-3926	191	32	)	)	PUNCT
fsr-3926	191	33	these	these	DET
fsr-3926	191	34	funds	fund	NOUN
fsr-3926	191	35	perform	perform	VERB
fsr-3926	191	36	.	.	PUNCT
fsr-3926	192	1	acknowledgment	acknowledgment	NOUN
fsr-3926	192	2	the	the	DET
fsr-3926	192	3	authors	author	NOUN
fsr-3926	192	4	wish	wish	VERB
fsr-3926	192	5	to	to	PART
fsr-3926	192	6	thank	thank	VERB
fsr-3926	192	7	the	the	DET
fsr-3926	192	8	editor	editor	NOUN
fsr-3926	192	9	and	and	CCONJ
fsr-3926	192	10	two	two	NUM
fsr-3926	192	11	anonymous	anonymous	ADJ
fsr-3926	192	12	reviewers	reviewer	NOUN
fsr-3926	192	13	for	for	ADP
fsr-3926	192	14	their	their	PRON
fsr-3926	192	15	helpful	helpful	ADJ
fsr-3926	192	16	comments	comment	NOUN
fsr-3926	192	17	and	and	CCONJ
fsr-3926	192	18	suggestions	suggestion	NOUN
fsr-3926	192	19	on	on	ADP
fsr-3926	192	20	an	an	DET
fsr-3926	192	21	earlier	early	ADJ
fsr-3926	192	22	version	version	NOUN
fsr-3926	192	23	of	of	ADP
fsr-3926	192	24	this	this	DET
fsr-3926	192	25	paper	paper	NOUN
fsr-3926	192	26	.	.	PUNCT
fsr-3926	193	1	references	reference	NOUN
fsr-3926	193	2	blake	blake	PROPN
fsr-3926	193	3	,	,	PUNCT
fsr-3926	193	4	c.	c.	PROPN
fsr-3926	193	5	r.	r.	PROPN
fsr-3926	193	6	,	,	PUNCT
fsr-3926	193	7	elton	elton	PROPN
fsr-3926	193	8	,	,	PUNCT
fsr-3926	193	9	e.	e.	PROPN
fsr-3926	193	10	j.	j.	PROPN
fsr-3926	193	11	,	,	PUNCT
fsr-3926	193	12	&	&	CCONJ
fsr-3926	193	13	gruber	gruber	PROPN
fsr-3926	193	14	,	,	PUNCT
fsr-3926	193	15	m.	m.	NOUN
fsr-3926	193	16	j.	j.	PROPN
fsr-3926	193	17	(	(	PUNCT
fsr-3926	193	18	1993	1993	NUM
fsr-3926	193	19	)	)	PUNCT
fsr-3926	193	20	.	.	PUNCT
fsr-3926	194	1	the	the	DET
fsr-3926	194	2	performance	performance	NOUN
fsr-3926	194	3	of	of	ADP
fsr-3926	194	4	bond	bond	NOUN
fsr-3926	194	5	mutual	mutual	ADJ
fsr-3926	194	6	funds.journal	funds.journal	NOUN
fsr-3926	194	7	of	of	ADP
fsr-3926	194	8	business	business	NOUN
fsr-3926	194	9	,	,	PUNCT
fsr-3926	194	10	66	66	NUM
fsr-3926	194	11	,	,	PUNCT
fsr-3926	194	12	371–403	371–403	NUM
fsr-3926	194	13	.	.	PUNCT
fsr-3926	195	1	blume	blume	PROPN
fsr-3926	195	2	,	,	PUNCT
fsr-3926	195	3	m.	m.	PROPN
fsr-3926	195	4	e.	e.	PROPN
fsr-3926	195	5	,	,	PUNCT
fsr-3926	195	6	keim	keim	PROPN
fsr-3926	195	7	,	,	PUNCT
fsr-3926	195	8	d.	d.	PROPN
fsr-3926	195	9	b.	b.	PROPN
fsr-3926	195	10	,	,	PUNCT
fsr-3926	195	11	&	&	CCONJ
fsr-3926	195	12	patel	patel	PROPN
fsr-3926	195	13	,	,	PUNCT
fsr-3926	195	14	s.	s.	PROPN
fsr-3926	195	15	a.	a.	PROPN
fsr-3926	195	16	(	(	PUNCT
fsr-3926	195	17	1991	1991	NUM
fsr-3926	195	18	)	)	PUNCT
fsr-3926	195	19	.	.	PUNCT
fsr-3926	196	1	returns	return	NOUN
fsr-3926	196	2	and	and	CCONJ
fsr-3926	196	3	volatility	volatility	NOUN
fsr-3926	196	4	of	of	ADP
fsr-3926	196	5	low	low	ADJ
fsr-3926	196	6	-	-	PUNCT
fsr-3926	196	7	grade	grade	NOUN
fsr-3926	196	8	bonds	bond	NOUN
fsr-3926	196	9	1977–1989.journal	1977–1989.journal	NUM
fsr-3926	196	10	of	of	ADP
fsr-3926	196	11	finance	finance	NOUN
fsr-3926	196	12	,	,	PUNCT
fsr-3926	196	13	46,49–74	46,49–74	PROPN
fsr-3926	196	14	.	.	PUNCT
fsr-3926	196	15	bookstaber	bookstaber	PROPN
fsr-3926	196	16	,	,	PUNCT
fsr-3926	196	17	r.	r.	PROPN
fsr-3926	196	18	,	,	PUNCT
fsr-3926	196	19	&	&	CCONJ
fsr-3926	196	20	jacob	jacob	PROPN
fsr-3926	196	21	,	,	PUNCT
fsr-3926	196	22	d.	d.	PROPN
fsr-3926	196	23	(	(	PUNCT
fsr-3926	196	24	1986	1986	NUM
fsr-3926	196	25	)	)	PUNCT
fsr-3926	196	26	.	.	PUNCT
fsr-3926	197	1	the	the	DET
fsr-3926	197	2	composite	composite	ADJ
fsr-3926	197	3	hedge	hedge	NOUN
fsr-3926	197	4	:	:	PUNCT
fsr-3926	197	5	controlling	control	VERB
fsr-3926	197	6	the	the	DET
fsr-3926	197	7	credit	credit	NOUN
fsr-3926	197	8	risk	risk	NOUN
fsr-3926	197	9	of	of	ADP
fsr-3926	197	10	high	high	ADJ
fsr-3926	197	11	yield	yield	NOUN
fsr-3926	197	12	bonds	bond	NOUN
fsr-3926	197	13	.	.	PUNCT
fsr-3926	198	1	financial	financial	ADJ
fsr-3926	198	2	analysts	analyst	NOUN
fsr-3926	198	3	’	'	PUNCT
fsr-3926	198	4	journal	journal	PROPN
fsr-3926	198	5	,	,	PUNCT
fsr-3926	198	6	43,12–25	43,12–25	NOUN
fsr-3926	198	7	.	.	PUNCT
fsr-3926	199	1	brister	brister	PROPN
fsr-3926	199	2	,	,	PUNCT
fsr-3926	199	3	w.	w.	PROPN
fsr-3926	199	4	,	,	PUNCT
fsr-3926	199	5	r.	r.	PROPN
fsr-3926	199	6	kennedy	kennedy	PROPN
fsr-3926	199	7	,	,	PUNCT
fsr-3926	199	8	liu	liu	PROPN
fsr-3926	199	9	,	,	PUNCT
fsr-3926	199	10	p.	p.	NOUN
fsr-3926	199	11	(	(	PUNCT
fsr-3926	199	12	1994	1994	NUM
fsr-3926	199	13	)	)	PUNCT
fsr-3926	199	14	.	.	PUNCT
fsr-3926	200	1	the	the	DET
fsr-3926	200	2	regulation	regulation	NOUN
fsr-3926	200	3	effect	effect	NOUN
fsr-3926	200	4	of	of	ADP
fsr-3926	200	5	credit	credit	NOUN
fsr-3926	200	6	rating	rating	NOUN
fsr-3926	200	7	on	on	ADP
fsr-3926	200	8	bond	bond	NOUN
fsr-3926	200	9	interest	interest	NOUN
fsr-3926	200	10	yield	yield	NOUN
fsr-3926	200	11	:	:	PUNCT
fsr-3926	200	12	the	the	DET
fsr-3926	200	13	case	case	NOUN
fsr-3926	200	14	of	of	ADP
fsr-3926	200	15	junk	junk	NOUN
fsr-3926	200	16	bonds.journal	bonds.journal	PROPN
fsr-3926	200	17	of	of	ADP
fsr-3926	200	18	business	business	NOUN
fsr-3926	200	19	finance	finance	NOUN
fsr-3926	200	20	and	and	CCONJ
fsr-3926	200	21	accounting	accounting	NOUN
fsr-3926	200	22	,	,	PUNCT
fsr-3926	200	23	21,511–531	21,511–531	NUM
fsr-3926	200	24	.	.	PUNCT
fsr-3926	200	25	brown	brown	PROPN
fsr-3926	200	26	,	,	PUNCT
fsr-3926	200	27	s.	s.	PROPN
fsr-3926	200	28	j.	j.	PROPN
fsr-3926	200	29	,	,	PUNCT
fsr-3926	200	30	&	&	CCONJ
fsr-3926	200	31	goetzmann	goetzmann	PROPN
fsr-3926	200	32	,	,	PUNCT
fsr-3926	200	33	w.	w.	PROPN
fsr-3926	200	34	n.	n.	PROPN
fsr-3926	200	35	(	(	PUNCT
fsr-3926	200	36	1995	1995	NUM
fsr-3926	200	37	)	)	PUNCT
fsr-3926	200	38	.	.	PUNCT
fsr-3926	201	1	performance	performance	NOUN
fsr-3926	201	2	persistence.journal	persistence.journal	PROPN
fsr-3926	201	3	of	of	ADP
fsr-3926	201	4	finance	finance	NOUN
fsr-3926	201	5	,	,	PUNCT
fsr-3926	201	6	50,679–699	50,679–699	NUM
fsr-3926	201	7	.	.	PUNCT
fsr-3926	201	8	brown	brown	PROPN
fsr-3926	201	9	,	,	PUNCT
fsr-3926	201	10	s.	s.	PROPN
fsr-3926	201	11	j.	j.	PROPN
fsr-3926	201	12	,	,	PUNCT
fsr-3926	201	13	&	&	CCONJ
fsr-3926	201	14	goetzmann	goetzmann	PROPN
fsr-3926	201	15	,	,	PUNCT
fsr-3926	201	16	w.	w.	PROPN
fsr-3926	201	17	n.	n.	PROPN
fsr-3926	201	18	(	(	PUNCT
fsr-3926	201	19	1997	1997	NUM
fsr-3926	201	20	)	)	PUNCT
fsr-3926	201	21	.	.	PUNCT
fsr-3926	202	1	rejoinder	rejoinder	NOUN
fsr-3926	202	2	:	:	PUNCT
fsr-3926	202	3	the	the	DET
fsr-3926	202	4	j	j	NOUN
fsr-3926	202	5	-	-	PUNCT
fsr-3926	202	6	shape	shape	NOUN
fsr-3926	202	7	of	of	ADP
fsr-3926	202	8	performance	performance	NOUN
fsr-3926	202	9	persistence	persistence	NOUN
fsr-3926	202	10	given	give	VERB
fsr-3926	202	11	survivorship	survivorship	NOUN
fsr-3926	202	12	bias.review	bias.review	NOUN
fsr-3926	202	13	of	of	ADP
fsr-3926	202	14	economics	economic	NOUN
fsr-3926	202	15	and	and	CCONJ
fsr-3926	202	16	statistics	statistic	NOUN
fsr-3926	202	17	,	,	PUNCT
fsr-3926	202	18	79,167–170	79,167–170	X
fsr-3926	202	19	.	.	PUNCT
fsr-3926	203	1	carhart	carhart	NOUN
fsr-3926	203	2	,	,	PUNCT
fsr-3926	203	3	m.	m.	NOUN
fsr-3926	203	4	m.	m.	NOUN
fsr-3926	203	5	(	(	PUNCT
fsr-3926	203	6	1997	1997	NUM
fsr-3926	203	7	)	)	PUNCT
fsr-3926	203	8	.	.	PUNCT
fsr-3926	204	1	on	on	ADP
fsr-3926	204	2	persistence	persistence	NOUN
fsr-3926	204	3	in	in	ADP
fsr-3926	204	4	mutual	mutual	ADJ
fsr-3926	204	5	fund	fund	NOUN
fsr-3926	204	6	performance.journal	performance.journal	PROPN
fsr-3926	204	7	of	of	ADP
fsr-3926	204	8	finance	finance	NOUN
fsr-3926	204	9	,	,	PUNCT
fsr-3926	204	10	52,57–82	52,57–82	PROPN
fsr-3926	204	11	.	.	PUNCT
fsr-3926	204	12	detzler	detzler	NOUN
fsr-3926	204	13	,	,	PUNCT
fsr-3926	204	14	l.	l.	PROPN
fsr-3926	204	15	m.	m.	PROPN
fsr-3926	204	16	(	(	PUNCT
fsr-3926	204	17	1999	1999	NUM
fsr-3926	204	18	)	)	PUNCT
fsr-3926	204	19	.	.	PUNCT
fsr-3926	205	1	the	the	DET
fsr-3926	205	2	performance	performance	NOUN
fsr-3926	205	3	of	of	ADP
fsr-3926	205	4	global	global	ADJ
fsr-3926	205	5	bond	bond	NOUN
fsr-3926	205	6	mutual	mutual	ADJ
fsr-3926	205	7	funds.journal	funds.journal	NOUN
fsr-3926	205	8	of	of	ADP
fsr-3926	205	9	banking	banking	NOUN
fsr-3926	205	10	and	and	CCONJ
fsr-3926	205	11	finance	finance	NOUN
fsr-3926	205	12	,	,	PUNCT
fsr-3926	205	13	23	23	NUM
fsr-3926	205	14	,	,	PUNCT
fsr-3926	205	15	1195–1217	1195–1217	NUM
fsr-3926	205	16	.	.	PUNCT
fsr-3926	206	1	golec	golec	NOUN
fsr-3926	206	2	,	,	PUNCT
fsr-3926	206	3	j.	j.	PROPN
fsr-3926	206	4	h.	h.	PROPN
fsr-3926	206	5	(	(	PUNCT
fsr-3926	206	6	1996	1996	NUM
fsr-3926	206	7	)	)	PUNCT
fsr-3926	206	8	.	.	PUNCT
fsr-3926	207	1	the	the	DET
fsr-3926	207	2	effects	effect	NOUN
fsr-3926	207	3	of	of	ADP
fsr-3926	207	4	mutual	mutual	ADJ
fsr-3926	207	5	fund	fund	NOUN
fsr-3926	207	6	managers	manager	NOUN
fsr-3926	207	7	’	’	PART
fsr-3926	207	8	characteristics	characteristic	NOUN
fsr-3926	207	9	on	on	ADP
fsr-3926	207	10	their	their	PRON
fsr-3926	207	11	portfolio	portfolio	NOUN
fsr-3926	207	12	performance	performance	NOUN
fsr-3926	207	13	,	,	PUNCT
fsr-3926	207	14	risk	risk	NOUN
fsr-3926	207	15	and	and	CCONJ
fsr-3926	207	16	fees.financial	fees.financial	PROPN
fsr-3926	207	17	services	service	NOUN
fsr-3926	207	18	review	review	NOUN
fsr-3926	207	19	,	,	PUNCT
fsr-3926	207	20	5,133–148	5,133–148	NUM
fsr-3926	207	21	.	.	PUNCT
fsr-3926	207	22	257j	257j	PROPN
fsr-3926	207	23	.	.	PUNCT
fsr-3926	208	1	philpot	philpot	PROPN
fsr-3926	208	2	/	/	SYM
fsr-3926	208	3	financial	financial	ADJ
fsr-3926	208	4	services	service	NOUN
fsr-3926	208	5	review	review	VERB
fsr-3926	208	6	9	9	NUM
fsr-3926	208	7	(	(	PUNCT
fsr-3926	208	8	2000	2000	NUM
fsr-3926	208	9	)	)	PUNCT
fsr-3926	208	10	247–258	247–258	NUM
fsr-3926	208	11	grinblatt	grinblatt	NOUN
fsr-3926	208	12	,	,	PUNCT
fsr-3926	208	13	m.	m.	NOUN
fsr-3926	208	14	,	,	PUNCT
fsr-3926	208	15	&	&	CCONJ
fsr-3926	208	16	titman	titman	PROPN
fsr-3926	208	17	,	,	PUNCT
fsr-3926	208	18	s.	s.	PROPN
fsr-3926	208	19	(	(	PUNCT
fsr-3926	208	20	1989	1989	NUM
fsr-3926	208	21	)	)	PUNCT
fsr-3926	208	22	.	.	PUNCT
fsr-3926	209	1	mutual	mutual	ADJ
fsr-3926	209	2	fund	fund	NOUN
fsr-3926	209	3	performance	performance	NOUN
fsr-3926	209	4	:	:	PUNCT
fsr-3926	209	5	an	an	DET
fsr-3926	209	6	analysis	analysis	NOUN
fsr-3926	209	7	of	of	ADP
fsr-3926	209	8	quarterly	quarterly	ADJ
fsr-3926	209	9	portfolio	portfolio	NOUN
fsr-3926	209	10	holdings.journal	holdings.journal	PROPN
fsr-3926	209	11	of	of	ADP
fsr-3926	209	12	business	business	NOUN
fsr-3926	209	13	,	,	PUNCT
fsr-3926	209	14	62,393–416	62,393–416	PROPN
fsr-3926	209	15	.	.	PUNCT
fsr-3926	210	1	grinblatt	grinblatt	PROPN
fsr-3926	210	2	,	,	PUNCT
fsr-3926	210	3	m.	m.	NOUN
fsr-3926	210	4	,	,	PUNCT
fsr-3926	210	5	&	&	CCONJ
fsr-3926	210	6	titman	titman	PROPN
fsr-3926	210	7	,	,	PUNCT
fsr-3926	210	8	s.	s.	PROPN
fsr-3926	210	9	(	(	PUNCT
fsr-3926	210	10	1992	1992	NUM
fsr-3926	210	11	)	)	PUNCT
fsr-3926	210	12	.	.	PUNCT
fsr-3926	211	1	the	the	DET
fsr-3926	211	2	persistence	persistence	NOUN
fsr-3926	211	3	of	of	ADP
fsr-3926	211	4	mutual	mutual	ADJ
fsr-3926	211	5	fund	fund	NOUN
fsr-3926	211	6	performance.journal	performance.journal	PROPN
fsr-3926	211	7	of	of	ADP
fsr-3926	211	8	finance	finance	NOUN
fsr-3926	211	9	,	,	PUNCT
fsr-3926	211	10	47	47	NUM
fsr-3926	211	11	,	,	PUNCT
fsr-3926	211	12	1977–1985	1977–1985	NUM
fsr-3926	211	13	.	.	PUNCT
fsr-3926	212	1	gruber	gruber	PROPN
fsr-3926	212	2	,	,	PUNCT
fsr-3926	212	3	m.	m.	NOUN
fsr-3926	212	4	(	(	PUNCT
fsr-3926	212	5	1996	1996	NUM
fsr-3926	212	6	)	)	PUNCT
fsr-3926	212	7	.	.	PUNCT
fsr-3926	213	1	another	another	DET
fsr-3926	213	2	puzzle	puzzle	NOUN
fsr-3926	213	3	:	:	PUNCT
fsr-3926	213	4	the	the	DET
fsr-3926	213	5	growth	growth	NOUN
fsr-3926	213	6	in	in	ADP
fsr-3926	213	7	actively	actively	ADV
fsr-3926	213	8	managed	manage	VERB
fsr-3926	213	9	mutual	mutual	ADJ
fsr-3926	213	10	funds.journal	funds.journal	NOUN
fsr-3926	213	11	of	of	ADP
fsr-3926	213	12	finance	finance	NOUN
fsr-3926	213	13	,	,	PUNCT
fsr-3926	213	14	51	51	NUM
fsr-3926	213	15	,	,	PUNCT
fsr-3926	213	16	783–810	783–810	NUM
fsr-3926	213	17	.	.	PUNCT
fsr-3926	214	1	gudikunst	gudikunst	PROPN
fsr-3926	214	2	,	,	PUNCT
fsr-3926	214	3	a.	a.	PROPN
fsr-3926	214	4	,	,	PUNCT
fsr-3926	214	5	&	&	CCONJ
fsr-3926	214	6	mccarthy	mccarthy	PROPN
fsr-3926	214	7	,	,	PUNCT
fsr-3926	214	8	j.	j.	PROPN
fsr-3926	214	9	(	(	PUNCT
fsr-3926	214	10	1992	1992	NUM
fsr-3926	214	11	)	)	PUNCT
fsr-3926	214	12	.	.	PUNCT
fsr-3926	215	1	determinants	determinant	NOUN
fsr-3926	215	2	of	of	ADP
fsr-3926	215	3	bond	bond	NOUN
fsr-3926	215	4	mutual	mutual	ADJ
fsr-3926	215	5	fund	fund	NOUN
fsr-3926	215	6	performance.journal	performance.journal	PROPN
fsr-3926	215	7	of	of	ADP
fsr-3926	215	8	fixed	fix	VERB
fsr-3926	215	9	income	income	NOUN
fsr-3926	215	10	,	,	PUNCT
fsr-3926	215	11	2	2	NUM
fsr-3926	215	12	,	,	PUNCT
fsr-3926	215	13	35–46	35–46	NUM
fsr-3926	215	14	.	.	PUNCT
fsr-3926	216	1	gudikunst	gudikunst	PROPN
fsr-3926	216	2	,	,	PUNCT
fsr-3926	216	3	a.	a.	PROPN
fsr-3926	216	4	,	,	PUNCT
fsr-3926	216	5	&	&	CCONJ
fsr-3926	216	6	mccarthy	mccarthy	PROPN
fsr-3926	216	7	,	,	PUNCT
fsr-3926	216	8	j.	j.	PROPN
fsr-3926	216	9	(	(	PUNCT
fsr-3926	216	10	1997	1997	NUM
fsr-3926	216	11	)	)	PUNCT
fsr-3926	216	12	.	.	PUNCT
fsr-3926	217	1	high	high	ADJ
fsr-3926	217	2	-	-	PUNCT
fsr-3926	217	3	yield	yield	NOUN
fsr-3926	217	4	bond	bond	NOUN
fsr-3926	217	5	mutual	mutual	ADJ
fsr-3926	217	6	funds	fund	NOUN
fsr-3926	217	7	:	:	PUNCT
fsr-3926	217	8	performance	performance	NOUN
fsr-3926	217	9	,	,	PUNCT
fsr-3926	217	10	january	january	PROPN
fsr-3926	217	11	effects	effect	NOUN
fsr-3926	217	12	,	,	PUNCT
fsr-3926	217	13	and	and	CCONJ
fsr-3926	217	14	other	other	ADJ
fsr-3926	217	15	surprises.journal	surprises.journal	PROPN
fsr-3926	217	16	of	of	ADP
fsr-3926	217	17	fixed	fix	VERB
fsr-3926	217	18	income	income	NOUN
fsr-3926	217	19	,	,	PUNCT
fsr-3926	217	20	7,95–101	7,95–101	NUM
fsr-3926	217	21	.	.	PUNCT
fsr-3926	218	1	hendricks	hendrick	NOUN
fsr-3926	218	2	,	,	PUNCT
fsr-3926	218	3	d.	d.	PROPN
fsr-3926	218	4	,	,	PUNCT
fsr-3926	218	5	&	&	CCONJ
fsr-3926	218	6	patel	patel	PROPN
fsr-3926	218	7	,	,	PUNCT
fsr-3926	218	8	j.	j.	PROPN
fsr-3926	218	9	(	(	PUNCT
fsr-3926	218	10	1997	1997	NUM
fsr-3926	218	11	)	)	PUNCT
fsr-3926	218	12	.	.	PUNCT
fsr-3926	219	1	the	the	DET
fsr-3926	219	2	j	j	NOUN
fsr-3926	219	3	-	-	PUNCT
fsr-3926	219	4	shape	shape	NOUN
fsr-3926	219	5	of	of	ADP
fsr-3926	219	6	performance	performance	NOUN
fsr-3926	219	7	persistence	persistence	NOUN
fsr-3926	219	8	given	give	VERB
fsr-3926	219	9	survivorship	survivorship	NOUN
fsr-3926	219	10	bias	bias	NOUN
fsr-3926	219	11	,	,	PUNCT
fsr-3926	219	12	review	review	NOUN
fsr-3926	219	13	of	of	ADP
fsr-3926	219	14	economics	economic	NOUN
fsr-3926	219	15	and	and	CCONJ
fsr-3926	219	16	statistics	statistic	NOUN
fsr-3926	219	17	,	,	PUNCT
fsr-3926	219	18	79,161–166	79,161–166	X
fsr-3926	219	19	.	.	PUNCT
fsr-3926	220	1	hendricks	hendrick	NOUN
fsr-3926	220	2	,	,	PUNCT
fsr-3926	220	3	d.	d.	PROPN
fsr-3926	220	4	,	,	PUNCT
fsr-3926	220	5	patel	patel	PROPN
fsr-3926	220	6	,	,	PUNCT
fsr-3926	220	7	j.	j.	PROPN
fsr-3926	220	8	,	,	PUNCT
fsr-3926	220	9	&	&	CCONJ
fsr-3926	220	10	zeckhauser	zeckhauser	PROPN
fsr-3926	220	11	,	,	PUNCT
fsr-3926	220	12	r.	r.	PROPN
fsr-3926	220	13	(	(	PUNCT
fsr-3926	220	14	1993	1993	NUM
fsr-3926	220	15	)	)	PUNCT
fsr-3926	220	16	.	.	PUNCT
fsr-3926	221	1	hot	hot	ADJ
fsr-3926	221	2	hands	hand	NOUN
fsr-3926	221	3	in	in	ADP
fsr-3926	221	4	mutual	mutual	ADJ
fsr-3926	221	5	funds	fund	NOUN
fsr-3926	221	6	:	:	PUNCT
fsr-3926	221	7	short	short	ADJ
fsr-3926	221	8	-	-	PUNCT
fsr-3926	221	9	run	run	NOUN
fsr-3926	221	10	persistence	persistence	NOUN
fsr-3926	221	11	of	of	ADP
fsr-3926	221	12	relative	relative	ADJ
fsr-3926	221	13	performance	performance	NOUN
fsr-3926	221	14	,	,	PUNCT
fsr-3926	221	15	1974–1988.journal	1974–1988.journal	NUM
fsr-3926	221	16	of	of	ADP
fsr-3926	221	17	finance	finance	NOUN
fsr-3926	221	18	,	,	PUNCT
fsr-3926	221	19	48,93–130	48,93–130	PROPN
fsr-3926	221	20	.	.	PUNCT
fsr-3926	221	21	philpot	philpot	PROPN
fsr-3926	221	22	,	,	PUNCT
fsr-3926	221	23	j.	j.	PROPN
fsr-3926	221	24	,	,	PUNCT
fsr-3926	221	25	hearth	hearth	NOUN
fsr-3926	221	26	,	,	PUNCT
fsr-3926	221	27	d.	d.	PROPN
fsr-3926	221	28	,	,	PUNCT
fsr-3926	221	29	rimbey	rimbey	NOUN
fsr-3926	221	30	,	,	PUNCT
fsr-3926	221	31	j.	j.	PROPN
fsr-3926	221	32	,	,	PUNCT
fsr-3926	221	33	&	&	CCONJ
fsr-3926	221	34	schulman	schulman	PROPN
fsr-3926	221	35	,	,	PUNCT
fsr-3926	221	36	c.	c.	PROPN
fsr-3926	221	37	(	(	PUNCT
fsr-3926	221	38	1998	1998	NUM
fsr-3926	221	39	)	)	PUNCT
fsr-3926	221	40	.	.	PUNCT
fsr-3926	222	1	active	active	ADJ
fsr-3926	222	2	management	management	NOUN
fsr-3926	222	3	,	,	PUNCT
fsr-3926	222	4	fund	fund	NOUN
fsr-3926	222	5	size	size	NOUN
fsr-3926	222	6	and	and	CCONJ
fsr-3926	222	7	bond	bond	NOUN
fsr-3926	222	8	mutual	mutual	ADJ
fsr-3926	222	9	fund	fund	NOUN
fsr-3926	222	10	returns.the	returns.the	PROPN
fsr-3926	222	11	financial	financial	PROPN
fsr-3926	222	12	review	review	PROPN
fsr-3926	222	13	,	,	PUNCT
fsr-3926	222	14	33,115–126	33,115–126	PROPN
fsr-3926	222	15	.	.	PROPN
fsr-3926	223	1	258	258	NUM
fsr-3926	223	2	j.	j.	PROPN
fsr-3926	223	3	philpot	philpot	PROPN
fsr-3926	223	4	/	/	SYM
fsr-3926	223	5	financial	financial	ADJ
fsr-3926	223	6	services	service	NOUN
fsr-3926	223	7	review	review	VERB
fsr-3926	223	8	9	9	NUM
fsr-3926	223	9	(	(	PUNCT
fsr-3926	223	10	2000	2000	NUM
fsr-3926	223	11	)	)	PUNCT
fsr-3926	223	12	247–258	247–258	NUM