# GIPS -- 5 or 6?

I know I have seen this on AF, but can’t find it now that stress is setting in. Could someone please confirm this? The min number of portfolios in a composite is 5 or more or is it more than 5 (i.e. 6+)? Thx

There IS NO minimum # of portfolios in a composite. You could have a single portfolio composite if you wanted to. BUT, if there’s less than 6 in that composite, you don’t have to: -List the number of portfolios included in the composite -List an internal dispersion for each period

I have been studying GIPS all day. The minimum number is 1. If there are 6 or more you need to report how many there are and a measure of dispersion. See Question 16 p 316 CFAI Vol 6.

McLeod, thanks for the answer. Sorry my question wasn’t very clear.

I just did an exercise on CFA website.

In this composite there are only 5 portfolio in the first year (2009), while more than 6 in the others.

I made a mistake because I said that it is an error to show the internal dispersion also in the 2009 but I was wrong.

Could someone explain me the reason?

Thank you