NO.PZ2016031101000029
问题如下：
Bugle Capital Advisors places an advertisement for its Targeted Maturity Composite in major newspapers on 30 April. The advertisement includes the GIPS Advertising Guidelines compliance statement and presents annualized composite and benchmark returns for the 1-year, 3-year, and 5-year periods ended 31 December. Does the advertisement satisfy the requirements of the GIPS Advertising Guidelines?
选项：
A.Yes.
B.No; it omits the period-to-date return.
C.No; it omits five years of annual returns.
解释：
B is correct.
The GIPS Advertising Guidelines specify that advertisements that include a claim of compliance and that present performance results must include period-to-date composite performance results in addition to either one-, three-, and five-year annualized composite returns or five years of annual composite returns. (See Section 5 of the reading.)
框架图讲义第11页明确说3选1即可，为啥非要披露period to date?
他披露了1,3,5年化Return已经够了呀
