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NEW QUESTION: 1
Geneva Management (GenM) selects long-only and long-short portfolio managers to develop asset allocation recommendations for their institutional clients.
GenM Advisor Marcus Reinhart recently examined the holdings of one of GenM's long-only portfolios actively managed by Jamison Kiley. Reinhart compiled the holdings for two consecutive non-overlapping five year periods. The Morningstar Style Boxes for the two periods for Kiley's portfolio are provided in Exhibits 1 and 2.
Exhibit 1: Morningstar Style Box: Long-Only Manager for Five-Year Period 1

Exhibit 2: Morningstar Style Box: Long-Only Manager for Five-Year Period 2

Reinhart contends that the holdings-based analysis might be flawed because Kiley's portfolio holdings are known only at the end of each quarter. Portfolio holdings at the end of the reporting period might misrepresent the portfolio's average composition. To compliment his holdings-based analysis, Reinhart also conducts a returns-based style analysis on Kiley's portfolio. Reinhart selects four benchmarks:
1. SCV: a small-cap value index.
2. SCG: a small-cap growth index.
3. LCV: a large-cap value index.
4. LCG: a large-cap growth index.
Using the benchmarks, Reinhart obtains the following regression results:
Period 1: Rp = 0.02 + H0.01(SCV) + 0.02(SCG) + 0.36(LCV) + 0.61(LCG)
Period 2: Rp = 0.02 + 0.01(SCV) + 0.02(SCG) + 0.60(LCV) + 0.38(LCG)
Kiley's long-only portfolio is benchmarked against the S&P 500 Index. The Index's current sector allocations are shown in Exhibit 3.
Exhibit 3: S&P 500 Index Sector Allocations

GenM strives to select managers whose correlation between forecast alphas and realized alphas has been fairly high, and to allocate funds across managers in order to achieve alpha and beta separation. GenM gives Reinhart a mandate to pursue a core-satellite strategy with a small number of satellites each focusing on a relatively few number of securities.
In response to the core-satellite mandate, Reinhart explains that a Completeness Fund approach offers two advantages:
Advantage 1: The Completeness Fund approach is designed to capture the stock selecting ability of the active manager, while matching the overall portfolio's risk to its benchmark.
Advantage 2: The Completeness Fund approach allows the Fund to fully capture the value added from active managers by eliminating misfit risk.
Which one of the following statements about Kiley's long-only portfolio is most correct1? Kiley's portfolio:
A. attempts to earn a positive alpha through security selection.
B. is only exposed to systematic risk.
C. is only exposed to unsystematic risk.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
The way a long-only portfolio earns a positive alpha is through the selection of undervalued securities.
Stock selection is how Kiley generates his performance. Kiley's portfolio is potentially exposed to both systematic and unsystematic risk. (Study Session ll.LOS33.rn)

NEW QUESTION: 2
Your public web application needs to provide access to binary files for registered users only. How would
you achieve this?
A. Host the files on a public external file sharing service.
B. Redirect to the file which resides in the server's document root
C. PHP is used for service HTML content, not binary content
D. Use PHP to send the file to the client, using the header() function to set appropriate HTTP headers
Answer: D

NEW QUESTION: 3
회사는 정적 포트에서 TCP를 사용하여 액세스 할 새로운 서비스를 개발 중입니다. 솔루션 아키텍트는 서비스가 고 가용성이고 가용 영역에 걸쳐 중복성이 있으며 공개적으로 액세스 할 수 있는 DNS 이름 my.service.com을 사용하여 액세스 할 수 있는지 확인해야 합니다. 다른 회사가 주소를 허용 목록에 추가 할 수 있도록 서비스는 고정 주소 할당을 사용해야 합니다.
리소스가 단일 리전의 여러 가용 영역에 배포되었다고 가정하면 어떤 솔루션이 이러한 요구 사항을 충족합니까?
A. Amazon ECS 클러스터 및 애플리케이션에 대한 서비스 정의를 생성합니다. ECS 클러스터에 퍼블릭 IP 주소를 생성하고 할당하십시오. NLB (Network Load Balancer)를 생성하고 TCP 포트를 노출하십시오. 대상 그룹을 생성하고 ECS 클러스터 이름을 NLB에 할당하십시오. my.service.com이라는 새 A 레코드 세트를 만들고 ECS 클러스터의 퍼블릭 IP 주소를 레코드 세트에 할당합니다. ECS 클러스터의 공개 IP 주소를 다른 회사에 제공하여 허용 목록에 추가하십시오.
B. 서비스에 대한 Amazon EC2 인스턴스를 만듭니다. 각 가용 영역에 대해 하나의 탄력적 IP 주소를 만듭니다.
NLB (Network Load Balancer)를 생성하고 할당 된 TCP 포트를 노출시킵니다. 각 가용 영역의 NLB에 탄력적 IP 주소를 할당하십시오. 대상 그룹을 생성하고 EC2 인스턴스를 NLB에 등록하십시오. my.service.com이라는 새 A (별칭) 레코드 세트를 작성하고 NLB DNS 이름을 레코드 세트에 지정하십시오.
C. Amazon ECS 클러스터 및 애플리케이션에 대한 서비스 정의를 생성합니다. 클러스터의 각 호스트에 퍼블릭 IP 주소를 생성하고 할당하십시오. ALB (Application Load Balancer)를 작성하고 정적 TCP 포트를 노출하십시오. 대상 그룹을 생성하고 ECS 서비스 정의 이름을 ALB에 할당하십시오. 새 CNAME 레코드 세트를 작성하고 공용 IP 주소를 레코드 세트에 연관 시키십시오. 다른 회사에 Amazon EC2 인스턴스의 탄력적 IP 주소를 제공하여 허용 목록에 추가하십시오.
D. 각 인스턴스의 탄력적 IP 주소로 Amazon EC2 인스턴스를 생성합니다. NLB (Network Load Balancer)를 작성하고 정적 TCP 포트를 노출하십시오. NLB에 EC2 인스턴스를 등록하십시오. my.service.com이라는 새 이름 서버 레코드 세트를 생성하고 EC2 인스턴스의 탄력적 IP 주소를 레코드 세트에 할당하십시오. EC2 인스턴스의 탄력적 IP 주소를 다른 회사에 제공하여 허용 목록에 추가하십시오.
Answer: B


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