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Basic Question 3 of 6

______ is the measure of that percentage of the portfolio that differs from the benchmark index.

A. Gross exposure
B. Active share
C. Relative position

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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

describe risk measures used by banks, asset managers, pension funds, and insurers;

CFA® 2025 Level II Curriculum, Volume 5, Module 41.