Reading

Number
16
17

18
19
20

21
22
23

24

25

6
7
8

9
10
11
12
13

14
15

26

27
28
29

30
31

32

1
2
3
4
5

33

Applications of Economics Analysis to Portfolio Management

Capital Market Expectations
Equity Market Valuation
Item Set Test - Capital Market Expectations
Item Set Test - Equity Market Valuation
Essay Based Test - Economics Analysis to Portfolio Management
Asset Allocation and Related Decisions in Portfolio Management
Asset Allocation
Currency Management: An Introduction
Market Indexes and Benchmarks
Item Set Test - Asset Allocation
Essay Based Test - Asset Allocation
Fixed-Income Portfolio Management
Fixed Income Portfolio Management - Part I
Relative-Value Methodologies for Global Credit Bond
Fixed Income Portfolio Management - Part II
Item Set Test - Fixed Income
Essay Based Test - Fixed Income
Equity Portfolio Management
Equity Portfolio Management
Item Set Test - Equity Portfolio Management
Essay Based Test - Equity Portfolio Management
Alternative Investments for Portfolio Management
Alternative Investments Portfolio Management
Item Set Test - Alternative Investmens
Behavioral Finance
The Behavioral Finance Perspective
The Behavioral Biases of Individuals
Behavioral Finance and Investment Processes
Private Wealth Management
Managing Individual Investor Portfolios
Taxes and Private Wealth Management in a Global Context
Estate Planning in a Global Context
Concentrated Single Asset Positions
Lifetime Financial Advice: Human Capital, Asset Allocation, and Insurance
Item Set Test - Private Wealth Management
Essay Based Test - Private Wealth Management
Essay Based Test - Behavioral Finance + Private Wealth Management

Portfolio Management for Institutional Investors

Managing Institutional Investor Portfolio
Linking Pension Liabilities to Assets
Item Set Test - Institutional Investors
Essay Based Test - Institutional Investors
Risk Management
Risk Management
Item Set Test - Risk Management
Essay Based Test - Risk Management
Risk Management Applications of Derivatives
Risk Management Applications of Forward and Futures Strategies
Risk Management Applications of Option Strategies
Risk Management Applications of Swap Strategies
Item Set Test - Application of Derivatives
Essay Based Test - Application of Derivatives
Trading, Monitoring, and Rebalancing
Execution of Portfolio Decisions
Monitoring and Rebalancing
Item Set Test - Trading, Monitoring and Rebalancing
Performance Evaluation
Evaluating Portfolio Performance
Item Set Test - Performance Evaluation
Essay Based Test - Execution and Performance Evaluation
Ethical and Professional Standards
Code of Ethics and Standard of Professional Conduct
Guidance for Standards I-VII
The Consultant
Pearl Investment Management (A), (B), and (C)
Asset Manager Code of Professional Conduct
Item Set Test - Ethical and Professional Standards
Global Investment Performance Standards
Overview of the Global Investment Performance Standards
Item Set Test - Global Investment Performance Standards
First Revision
3 Item Set Tests of 3 hours duration combining 5 to 7 subjects
3 Essay Based Tests of 3 hours duration combining 5 to 7 subjects
Second Revision

Full Length Mock Tests

Mock Test 1 (Morning + Afternoon)
Mock Test 2 (Morning + Afternoon)
Mock Test 3 (Morning + Afternoon)

Important Notes:
Item set tests and essay based tests will be of 90 minutes duration each.
Revision is vital in level 3. The content is easy to understand but needs lots of revision to sink in. P
You can subscribe to our test series from the links given below:
Sectional Tests - http://konvexity.com/cfa-exam/cfa-level-iii/super-30-test-series-cfa-level-iii
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Combo Pack - http://konvexity.com/cfa-exam/cfa-level-iii/combo-cfa-level-iii
Working professionals need to devote more time in last 3-4 weeks

Number
of LOS
18
7

20
9
8

14
5
13

22

22

4
4
7

11
9
12
12
7

14
5

13

7
6
8

16
10

20

2
2
2
2
3

21

revision to sink in. Please dedicate enough time for revision.

s-cfa-level-iii
-iii

What should you expect in the exam?

The weight is 5-15%. You may get one item set from equity market valuation chapter in
afternoon exam and one essay based test question in the morning exam. Concentrate
on all the formulas. You will be definitely need those formulas in the exam.

You are more likely to get a question in the morning essay based exam and may be
asked to comment on the asset allocation, currency management or market indices.
The weight will be around 5%.

The weight is 10-20%. You are more likely to get questions in both morning and
afternoon exam. It is one of the high scoring areas in the essay based exam as you will
get full marks for the calculation part if done correctly. Try to understand immunization
thoroughly and concentrate on formulas.

The weight is 5-15%. You are more likely to find this topic in the morning exam.

The weight is 5-15% and you are more likley to find this topic in the afternoon exam.
Study all the topics thoroughly. It is a high scoring area.

You will get questions from this topic in the essay based exam and the questions can be
combined with the private wealth management topic. Just read it once and do not
waste much time on this topic as questions will be pretty straight forward from this
topic.

essay based question in the morning exam where you will be asked to calculate the
rate of return required. The total weight of this topic will be around 15%. You may get
one item set based question as well. Practice enough problems and show all the steps
in the calculation along with formula to gain more marks in the morning exam. Do not
worry about the calculations in 10th reading. Generally they don't ask questions from
this reading.

You will get one or two questions in the morning essay based exam from this topic in
the mornign exam. The weight of this topic will be around 10%. Study it thoroughly
from the curriculum book and write key words to get good marks.

You can get a question from this topic in either of morning or afternoon exam. The
weight of this topic will be around 5%. Concentrate on the formulas and the application
of all the ratios.

The weight of this area will be between 5 to 10%. You can find question in morning
or/and afternoon exam. The formulas are very important to score good in this area. You
must have a good conceptual understanding of reading 28 as well to score well in this
area.

with revision. Questions can be asked either in morning or afternoon session. You must
be comfortable with all the strategies of rebalancing as you are more likely to get a
question from that area.

The weight of this topic will be around 5%. Ratios are important. You should be comfortab

The weight of this topic is 10-15%. You will find this topic in afternoon exam only in item
set based format. 5th reading is extremely important for the exam. Practice is the key
to master this topic.

The weight will be either 0% or 5%. Most likely it will be 5% and you will get an item set

sink in. Please dedicate enough time for revision.

iii

Hours
Hours required required for Total
for
practicing
hours
understanding problems
required
6
2

2
1

8
3
3
3
3

5
6
2

2
2
1

7
8
3
3
3

4
2
5

2
1
2

6
3
7
3
3

8
3
3

7
3

3
2.5
3

1
1
1

4
3.5
4

4
6
3
5
2

3
2
1
2
1

7
8
4
7
3
3
3
3

6
1.5

3
0.5
3

9
2
3
3

8
3
3

3
7
3

2
3
2

5
10
5
3
3

4
3

2
1

6
4
3

10
3
3

0.5
10
0.5
2
2

10

0.5
13
0.5
2
3
3

12
3
80
12
12
50

9
9
9
Total hours

443.5

Week Number-Day (Working Professionals)

(2 hours on working days and 12 on
weekends)
1 - Monday to 1 - Thursday
1 - Friday and 1 - Saturday
1 - Saturday
1 - Saturday
1- Sunday

1- Sunday to 2 - Tuesday
2 - Wednesday to 2 - Saturday
2 - Saturday
2 - Sunday
2 - Sunday

3 - Monday to 3 - Wednesday
3- Thursday and 3- Friday
3 - Friday and 3- Saturday
3 - Sunday
3 - Sunday

4 - Monday to 4 - Thursday
4 - Friday
4 - Saturday

4 - Saturday and 4 - Sunday

4 - Sunday

5 - Monday and 5 - Tuesday

5 - Wednesday and 5- Thursday
5 - Friday and 5 - Saturday

5
5
6
6
6
6
6
7

Saturday and 5 - Sunday

Sunday to 6 - Tuesday
Wednesday and 6 - Thursday
Friday and 6 - Saturday
Saturday and 6 - Sunday
Sunday
Sunday
Monday

Progress

7
7
7
7

Tuesday to 7 - Saturday
Saturday
Saturday
Sunday

7 - Sunday to 8 - Wednesday
8 - Wednesday and 8 - Thursday
8 - Friday

8
8
9
9
9

Saturday
Saturday to 9 - Tuesday
Tuesday to 9 - Thursday
Friday
Saturday

9 - Saturday and 9 - Sunday

9 - Sunday
10 - Monday

10 - Tuesday to 10 - Saturday
10 - Saturday
10 - Sunday

10
10
11
11
11
11

Sunday
Sunday to 11 - Friday
Saturday
Saturday
Saturday
Sunday

11 - Sunday to 12 - Friday
12 - Saturday
12 - Saturday to 17 - Saturday
12 - Saturday to 17 - Saturday
12 - Saturday to 17 - Saturday
12 - Saturday to 17 - Saturday

14 - Sunday
15 - Sunday
16 - Saturday

Week Number- Day (for those who

are not working)(4 hours daily)
1 -Monday and 1- Tuesday
1- Wednesday
1- Wednesday and 1- Thursday
1- Thursday
1 - Friday

1- Saturday and 1- Sunday

2 - Monday and 2 - Tuesday
2 - Wednesday
2 - Thursday
2 - Thursday

2- Friday and 2 - Saturday

2 - Saturday
2 - Sunday and 2 - Monday
2 - Tuesday
2 - Tuesday

2- Wednesday and 2 - Thursday

2- Friday
2- Friday

2- Saturday and 2- Sunday

3- Monday

3- Tuesday
3- Wednesday
3- Thursday

3- Friday and 3- Saturday

3 - Sunday and 4 - Monday
4 - Tuesday
4 - Wednesday and 4 - Thursday
4 - Friday
4 - Saturday
4 - Saturday
4 - Sunday

Progress

5
5
5
5

Monday
Monday
Tuesday
Wednesday

5 - Thursday and 5 - Friday

5 - Saturday
5 - Sunday

6
6
6
6
6

Monday and 6 - Tuesday

Tuesday to 6 - Thursday
Friday
Saturday
Sunday

7 - Monday and 7 - Tuesday

7 - Tuesday and 7 - Wednesday
7 - Wednesday

7 - Thursday to 7 - Saturday
7 - Saturday
7 - Sunday

8
8
8
8
8
8

Monday
Monday to 8 - Thursday
Thursday
Thursday
Friday
Saturay

8 - Sunday to 9 - Tuesday
9 - Wednesday
9 - Thursday to 17 - Saturday
9 - Thursday to 17 - Saturday
9 - Thursday to 17 - Saturday
9 - Thursday to 17 - Saturday

14 - Sunday
15 - Saturday
16 - Wednesday