CFA Level III

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Ready-made practice for the CFA Level III. Build recall one short session at a time — no decks to build before you begin.

1,647 cards·8 decks·Yours for life
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Cards are created from publicly available sources and may contain errors. Check anything you rely on against your official materials.

What's inside

Explore the curriculum, one focused deck at a time.

1Asset Allocation189 cards · Core. Capital market expectations, economic balance sheets, asset-only, liability-relative and goals-based allocation, mean-variance optimization, risk budgets, rebalancing, and real-world constraints including taxes and behavioral biases.2Derivatives and Risk Management120 cards · Core. Option strategies, swaps, forwards and futures strategies, volatility derivatives, and currency management.3Ethical and Professional Standards138 cards · Core. The CFA Institute Code of Ethics and Standards of Professional Conduct applied to Level III cases, and the Asset Manager Code.4Pathway: Portfolio Management309 cards · Specialized pathway (choose one of three). Index and active equity, liability-driven and index-based fixed income, yield curve and credit strategies, trade strategy and execution, and an endowment case.5Pathway: Private Markets325 cards · Specialized pathway (choose one of three). Private investment structures, GP and LP perspectives, private equity, private debt, special situations, private real estate, and infrastructure.6Pathway: Private Wealth303 cards · Specialized pathway (choose one of three). The wealth management industry, working with wealthy families, wealth and investment planning, preserving wealth, advising complex clients, and transferring wealth.7Performance Measurement78 cards · Core. Return and risk attribution, benchmarks, appraisal ratios, manager selection and fee structures, and the GIPS standards.8Portfolio Construction185 cards · Core. Equity and fixed-income portfolio management, allocating to alternatives, private wealth and institutional investors, trading costs and electronic markets, and a sovereign wealth fund case.

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Flashcards for the CFA Program Level III exam (2026 and 2027 curriculum): 1,647 cards in 8 decks. Five core decks (710 cards) follow the common core topics: asset allocation, portfolio construction, performance measurement, derivatives and risk management, and ethics. Three clearly labeled pathway decks cover the Portfolio Management (309), Private Markets (325) and Private Wealth (303) pathways; study the core plus the one pathway you registered for. Built from publicly available sources such as the CFA Institute Level III topic outline. Cards are a memory-retention aid, not a substitute for study; check details against the official materials.