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NEW QUESTION: 1
Dan Draper, CFA is a portfolio manager at Madison Securities. Draper is analyzing several portfolios which have just been assigned to him. In each case, there is a clear statement of portfolio objectives and constraints, as welt as an initial strategic asset allocation. However, Draper has found that all of the portfolios have experienced changes in asset values. As a result, the current allocations have drifted away from the initial allocation. Draper is considering various rebalancing strategies that would keep the portfolios in line with their proposed asset allocation targets.
Draper spoke to Peter Sterling, a colleague at Madison, about calendar rebalancing. During their conversation, Sterling made the following comments:
Comment 1: Calendar rebalancing will be most efficient when the rebalancing frequency considers the volatility of the asset classes in the portfolio.
Comment 2: Calendar rebalancing on an annual basis will typically minimize market impact relative to more frequent rebalancing.
Draper believes that a percentage-of-portfolio rebalancing strategy will be preferable to calendar rebalancing, but he is uncertain as to how to set the corridor widths to trigger rebalancing for each asset class. As an example, Draper is evaluating the Rogers Corp. pension plan, whose portfolio is described in Figure 1.

Draper has been reviewing Madison files on four high net worth individuals, each of whom has a $1 million portfolio. He hopes to gain insight as to appropriate rebalancing strategies for these clients. His research so far shows:
Client A is 60 years old, and wants to be sure of having at least $800,000 upon his retirement. His risk tolerance drops dramatically whenever his portfolio declines in value. He agrees with the Madison stock market outlook, which is for a long-term bull market with few reversals.
Client B is 35 years old and wants to hold stocks regardless of the value of her portfolio. She also agrees with the Madison stock market outlook.
Client C is 40 years old, and her absolute risk tolerance varies proportionately with the value of her portfolio. She does not agree with the Madison stock market outlook, but expects a choppy stock market, marked by numerous reversals, over the coming months.
indicate whether Sterling's comments related to calendar rebalancing are correct or incorrect.
A. Only comment 1 is correct.
B. Both comments are correct.
C. Only comment 2 is correct.
Answer: A
Explanation:
Explanation/Reference:
Explanation:
Comment 1 is correct. The success of a calendar rebalancing strategy will depend in large part on whether the rebalancing frequency is appropriate to the volatility of the component asset classes. If volatility is high (or rebalancing infrequent), the asset mix can drift to the point where rebalancing could create a market impact, thus increasing the cost of rebalancing dramatically. If volatility is low (or rebalancing too frequent), the portfolio could incur numerous costly small trades to achieve minor adjustments in the asset mix.
Comment 2 is incorrect. Annual rebalancing is most likely too infrequent. The asset mix may well drift far enough over a year s time to necessitate large trades to rebalance. These trades would increase market impact. Market impact will be lower with more frequent rebalancing. (Study Session 16, LOS 46.e)

NEW QUESTION: 2
Your company has an Active Directory forest. The company has branch offices in three locations. Each location has an organizational unit.
You need to ensure that the branch office administrators are able to create and apply GPOs only to their respective organizational units.
Which two actions should you perform? (Each correct answer presents part of the solution. Choose two.)
A. Add the user accounts of the branch office administrators to the Group Policy Creator Owners Group.
B. Run the Delegation of Control wizard and delegate the right to link GPOs for the domain to the branch office administrators.
C. Run the Delegation of Control wizard and delegate the right to link GPOs for their branch organizational units to the branch office administrators.
D. Modify the Managed By tab in each organizational unit to add the branch office administrators to their respective organizational units.
Answer: A,C
Explanation:
Run the Delegation of Control wizard and delegate the right to link GPOs for their
branch organizational units to the branch office administrators.
Add the user accounts of the branch office administrators to the Group Policy Creator
Owners Group.
http://technet.microsoft.com/en-us/library/cc732524.aspx
Delegate Control of an Organizational Unit
1.To delegate control of an organizational unit
2.To open Active Directory Users and Computers, click Start , click Control Panel , double-
click Administrative
Tools and then double-click Active Directory Users and Computers .
3.In the console tree, right-click the organizational unit (OU) for which you want to delegate
control.
Where?
Active Directory Users and Computers\ domain node \ organizational unit
4.Click Delegate Control to start the Delegation of Control Wizard, and then follow the
instructions in the wizard.
http://technet.microsoft.com/en-us/library/cc781991%28v=ws.10%29.aspx
Delegating Administration of Group Policy
Your Group Policy design will probably call for delegating certain Group Policy
administrative tasks.
Determining to what degree to centralize or distribute administrative control of Group Policy
is one of the most important factors to consider when assessing the needs of your
organization. In organizations that use a centralized administration model, an IT group
provides services, makes decisions, and sets standards for the entire company. In
organizations that use a distributed administration model, each business unit manages its
own IT group.
You can delegate the following Group Policy tasks:
Creating GPOs
Managing individual GPOs (for example, granting Edit or Read access to a GPO) etc.
Delegating Creation of GPOs
The ability to create GPOs in a domain is a permission that is managed on a per-domain
basis. By default, only
Domain Administrators, Enterprise Administrators, Group Policy Creator Owners, and
SYSTEM can create new Group Policy objects. If the domain administrator wants a non-
administrator or non-administrative group to be able to create GPOs, that user or group can
be added to the Group Policy Creator Owners security group. Alternatively, you can use
the Delegation tab on the Group Policy Objects container in GPMC to delegate creation of
GPOs. When a non-administrator who is a member of the Group Policy Creator Owners
group creates a GPO, that user becomes the creator owner of the GPO and can edit the
GPO and modify permissions on the GPO. However, members of the Group Policy Creator
Owners group cannot link GPOs to containers unless they have been separately delegated
the right to do so on a particular site, domain, or OU.
Being a member of the Group Policy Creator Owners group gives the non-administrator full
control of only those GPOs that the user creates. Group Policy Creator Owner members do
not have permissions for GPOs that they do not create.
Note: When an administrator creates a GPO, the Domain Administrators group becomes
the Creator Owner of the Group Policy object. By default, Domain Administrators can edit
all GPOs in the domain.
The right to link GPOs is delegated separately from the right to create GPOs and the right
to edit GPOs. Be sure to delegate both rights to those groups you want to be able to create
and link GPOs. By default, non- Domain Admins cannot manage links, and this prevents
them from being able to use GPMC to create and link a GPO. However, non-Domain
Admins can create an unlinked GPO if they are members of the Group Policy Creator
Owners group. After a non-Domain Admin creates an unlinked GPO, the Domain Admin or
someone else who has been delegated permissions to link GPOs an a container can link
the GPO as appropriate.
Creation of GPOs can be delegated to any group or user. There are two methods of
granting a group or user this permission:
Add the group or user to the Group Policy Creator Owners group. This was the only
method available prior to GPMC.
Explicitly grant the group or user permission to create GPOs. This method is newly
available with GPMC.
You can manage this permission by using the Delegation tab on the Group Policy objects
container for a given domain in GPMC. This tab shows the groups that have permission to
create GPOs in the domain, including the Group Policy Creator Owners group. From this
tab, you can modify the membership of existing groups that have this permission, or add new groups. Because the Group Policy Creator Owners group is a domain global group, it cannot contain members from outside the domain. Being able to grant users permissions to create GPOs without using Group Policy Creator Owners facilitates delegating GPO creation to users outside the domain. Without GPMC, this task cannot be delegated to members outside the domain. If you require that users outside the domain have the ability to create GPOs, create a new domain local group in the domain (for example, "GPCO - External"), grant that group GPO creation permissions in the domain, and then add domain global groups from external domains to that group. For users and groups in the domain, you should continue to use the Group Policy Creator Owners group to grant GPO-creation permissions. Adding a user to the membership of Group Policy Creator Owners and granting the user GPO-creation permissions directly using the new method available in GPMC are identical in terms of permissions.

NEW QUESTION: 3
開発者は、ログデータを検索およびフィルタリングして、アプリケーションをデバッグしたいと考えています。アプリケーションログはAmazon CloudWatch Logsに保存されます。開発者は、アプリケーションログの例外をカウントする新しいメトリックフィルターを作成します。ただし、ログから結果は返されません。
フィルターされた結果が返されない理由は何ですか？
A. メトリックスフィルタリングが結果を返す前に、CloudWatch Logsのロググループを最初にAmazon Elasticsearch Serviceにストリームする必要があります
B. VPCでCloudWatch Logsをフィルタリングするには、Amazon CloudWatchインターフェイスVPCエンドポイントのセットアップが必要です
C. CloudWatch Logsは、フィルターの作成後に発生するイベントのメトリックデータのみを公開します
D. ロググループのメトリックデータポイントは、Amazon S3バケットにエクスポートされた後にのみフィルタリングできます
Answer: C