Which of the following is/are required by AIMR-PPS with regards to creation and maintenance of composites?I. All actual

[answerhappygod]

Which of the following is/are required by AIMR-PPS with regards to creation and maintenance of composites?I. All actual fee-paying discretionary portfolios must be segregated into one or more composites based on similar investment strategies.II. Portfolios must not be switched from one composite to another unless documented changes in client guidelines make the switching appropriate.III. Composites must include all terminated portfolios while calculating performance for periods prior to the termination.

A. II only
B. I, II and III
C. I and II only
D. II and III only