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CFA Institute CFA-Level-I Exam - Topic 1 Question 19 Discussion

Actual exam question for CFA Institute's CFA-Level-I exam
Question #: 19
Topic #: 1
[All CFA-Level-I Questions]

According to the AIMR-PPS, terminated portfolios are included in the composite for how long after termination?

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Suggested Answer: C
by Miesha at Jul 08, 2025, 11:55 AM

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Gilma
3 months ago
I thought it was D, but A makes sense too.
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Rebbecca
4 months ago
Wait, is it really just until the last measurement period? Seems off.
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Ryan
4 months ago
Totally agree, A is the right choice!
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Glory
4 months ago
No way, I thought terminated portfolios were excluded immediately!
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Tracey
4 months ago
It's A, they include terminated portfolios after the last full performance period.
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Holley
4 months ago
I thought it was for the full ten years, but that seems excessive. I need to double-check if that's really what the standards say.
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Tiffiny
5 months ago
I feel like the AIMR-PPS guidelines mentioned something about including terminated portfolios for a specific time frame, but I can't recall if it was until termination or for a period after.
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King
5 months ago
I remember practicing a question similar to this, and I think the answer was about including them for the last full period, but I could be mixing it up with another topic.
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Teri
5 months ago
I think terminated portfolios are included until the last full performance measurement period they were under management, but I'm not entirely sure.
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Laurene
5 months ago
Okay, let me walk through this methodically. The key is understanding the AIMR-PPS guidelines on terminated portfolios. I think I can figure this out.
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Zack
6 months ago
Ah, I remember learning about this in my performance reporting class. I'm pretty confident the answer is A - the terminated portfolio must be included after the last full performance measurement period.
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Billye
6 months ago
I'm a bit confused on this one. I know the AIMR-PPS has specific requirements, but I can't quite remember the details. I'll have to think it through step-by-step.
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Quentin
6 months ago
I think the answer is C - the terminated portfolio should be included for the last full performance measurement period under which it was managed. That sounds like the most logical approach to me.
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Hubert
6 months ago
Hmm, this is a tricky one. I'll need to carefully review the AIMR-PPS guidelines to determine the correct answer.
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