mp3bu

Another wrinkle is that you could have performance data for 5 years but for some reason only the last 4 of it is compliant. (Let's assume you can't do anything to reconstruct the 1st year's performance to make it compliant.) You can still be compliant by forming your composite after the first year and reporting the 4 years that you have. But if that non-compliant year was after 1/1/00, then you can't link the non-compliant performance to the compliant performance.

Furthermore, I think it's entirely possible that have 10 years of performance that would qualify as compliant, but if you decide to form your composite starting 5 years ago (say after a bad 5 year start), there's nothing to stop you from doing so. You just can't claim compliance prior to that composite start date.

Am I wrong about this?



Edited 1 time(s). Last edit at Friday, June 3, 2011 at 05:12PM by abmaroon.