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Basic Question 3 of 3

The GIPS least likely require ______.

A. non-discretionary portfolios to be included in composites
B. non-fee-paying portfolios to be excluded in the returns of appropriate composites
C. composites to be defined according to similar investment objectives and/or strategies

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Craig Baugh

Craig Baugh

Learning Outcome Statements

explain the purpose of composites in performance reporting

CFA® 2024 Level I Curriculum, Volume 6, Module 4.