GIPS® Requirements Include: Uniformity in Certain Performance Calculations and Disclosures;

question 43

True/False

GIPS® requirements include: uniformity in certain performance calculations and disclosures; inclusion of all actual fee-paying discretionary portfolios in composites with similar objectives; compliant history for at least 5 years, or since inception if less than 5 years.

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Definitions:

Unilineal Descent

Descent traced exclusively through either the male or the female line of ancestry to establish group membership.

Matrilineal Descent

A lineage system where ancestral descent is traced through the mother's line rather than the father's.

Descent Group

A descent group is a social group whose members talk about common ancestry through either matrilineal or patrilineal lines, serving as a fundamental unit in the organization of societies.

Matrilineal Descent

A system of lineage in which the family lineage is traced through the mother's line.