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

According to the AIMR- PPS, terminated portfolios are included in the composite for how long after termination?
A . Composites must include terminated portfolios after the last full performance measurement period the portfolios were under management.
B . Composites should include the terminated portfolio only until the date of termination.
C . Composites should include the terminated portfolio for the last full performance measurement period under which the portfolios were managed.
D . Composites should include the terminated portfolio for the full ten years required by the Standards for performance reporting.

Answer: C

Explanation:

Composites must exclude terminated portfolios after the last full performance measurement period the portfolios were under management, but composites must continue to include terminated portfolios for all periods prior to termination. This is a requirement for creation and maintenance of composites.