# kaal:claim:2715083-009

**Claim.** Unconstrained mutual funds differ from traditional fixed income mutual funds not only in trading strategy, using futures, short sales, and derivatives, but also in turnover and fee structure, which more closely resemble those of hedge funds.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- fixed income unconstrained mutual funds studied in Kaal and Anderson (2016)

**Source quote.**

> the author found not only significant growth in these funds by launches, but also provided evidence pertaining to the extent to which unconstrained mutual funds differ in trading strategy from traditional mutual funds – unconstrained mutual funds use futures, short sales, and derivatives.

**From.** Kaal, *Confluence of Mutual and Private Funds* (2016), II. Proliferation of Private- and Retail Alternative Funds, page 6

**Cite as.** Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

**Verify.** sha256 of source PDF `b5c92186260d4a8499a14f81ee24ace093b24e7740af3effcd1c526fa4fa221e` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202016%20-%20Confluence%20of%20Mutual%20and%20Private%20Funds.pdf

**Topics.** empirical-evidence

**Keywords.** unconstrained-funds, trading-strategy, derivatives, fee-structure, empirical-evidence

**Related claims.**

- supported_by: https://wulfkaal.github.io/claims/2811729-023
- restated_by: https://wulfkaal.github.io/claims/2811729-002
- supported_by: https://wulfkaal.github.io/claims/2811729-022
- supported_by: https://wulfkaal.github.io/claims/2811729-025
- extended_by: https://wulfkaal.github.io/claims/2811729-028

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.