Final answer:
According to NI 81-102, fund performance data must be prepared within 10 days after the end of the month or the end of the quarter in which the data is reported.
Step-by-step explanation:
Under National Instrument 81-102 Investment Funds (NI 81-102), performance data for investment funds must be based on fresh numbers. These numbers should be prepared within a specific timeframe after the end of the period in question to ensure accuracy and relevancy.
According to this regulation, the maximum number of days for performance data to be refreshed and disclosed is 10 days after the end of the month or the end of the quarter.