In general, the portfolio construction involves a process, which include some of the following:

I. Size of the portfolio

II. Allocation by risky and risk-free assets

III. Determine a means to measure performance

IV. Selection of assets in the risky portfolio

V. Maturities of risk-free assets

a. All of them, but not in order.

b. All of them except I.

c. All of them except I and V.

d. All of them except V.

e. All of them except III and IV.