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答案和详解如下:

Q6.  C   07 Modular Level 1, Vol.1, p.134  Study Sessions 1-3-c and 1-4-c (see pp. 117 and 121)

Composites must be defined according to similar investment objectives and/or strategies. In addition, composites must include new portfolios a timely and consistent basis after the portfolio comes under management. Firms may set minimum asset levels for inclusion in a portfolio, but changes to a composite-specific minimum asset level are not permitted retroactively. Terminated portfolios must be included in the historical returns of appropriate composites.

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