For ________ of five or fewer portfolios, the disclosure "five or fewer portfolios" may be made rather than a disclosure of the exact number of portfolios.

For ________ of five or fewer portfolios, the disclosure "five or fewer portfolios" may be made rather than a disclosure of the exact number of portfolios.
A . returns
B . investments
C . segments
D . composites

Answer: D

Explanation:

This is an exception allowed by AIMR when disclosing the list of composites.

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