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III. Composites must include all terminated portfolios while calculating performance for periods prior to the termination.
A. II and III only
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C. I and II only
D. I, II and III
Answer: A
Explanation:
Explanation/Reference:
Explanation:
All actual fee-paying discretionary portfolios must be included in at least one composite based on similar investment strategy. Segregation of these accounts is not required. (II) and (III) are true.
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C. StumbVerter
D. Kismet
Answer: C
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