I agree with derivatives and PM, but am surprised that ethics made the list. Who are those gluttons for punishment that make up the 1.05% who took the exam and are either retired or unemployed and not looking for work??
If we’re being technical, GIPS is not broken out/identified in the scoring matrix (at least not mine).
GIPS is, however, listed in Ethics on Level I’s study session outline and portfolio management in Level III’s. All semantics to me, there’s a case for either bucketing. I tend to lean toward ethics because it’s all about how you present performance in a fair and balanced way.
They are not as bad as they look. If you take the time and try to understand them (use the CFAI books here!), then it should work to remember them for several weeks. Especially, look for the differences of the forumulas. It exists kind of a “basic version” and all others formulas add something to it.