There are two contentious ontological claims that Frege makes. Firstly, that predicates have reference and secondly, that their reference is 'unsaturated'. It is the primary aim of this essay to examine the latter claim. Following an introductory exposition of the Fregean concepts crucial to this essay, the claim that the references of predicates are 'unsaturated' is considered as a response to the problem of the unity of the proposition. As a special case of this problem, F.H. Bradley's attack on relations is discussed. It is argued that once one understands that relations are unsaturated, Bradley's problem, and by extension the problem of the unity of the proposition, disappears. But a crucial semantic principle is shown to emerge from...