Chartered Financial Analyst · CFA Program
CFA L3 Level III · Portfolio Management: mock exams and practice questions
224 original exam-style questions for CFA L3 Level III · Portfolio Management, with full timed mock exams in the real format and an explanation for every answer. Free for everyone until 31 January 2027.
- 224practice questions
- 6syllabus areas
- 4 hours 24 minutes in two sessions of 2 hours 12 minutesfull mock, like the real exam
CFA L3 exam format
4 hours 24 minutes in two sessions of 2 hours 12 minutes, with an optional break. 11 item sets and 11 essay sets, 12 points each. Core topics are 65–70% of the exam; this practice covers the Portfolio Management pathway. The pass mark is 70%.
| Section | Format | Marks |
|---|---|---|
| Item sets | 11 item sets × 4 questions × 3 points | 132 |
| Essays | 11 essay (constructed-response) sets × 12 points | 132 |
| Total | 264 |
Syllabus areas covered
- Ethical and Professional Standards36 questions
- Asset Allocation40 questions
- Portfolio Construction24 questions
- Performance Measurement20 questions
- Derivatives and Risk Management40 questions
- Portfolio Management pathway64 questions
Practise CFA L3 the way you'll sit it
Timed mocks, a question navigator and flags, then your score by syllabus area so you know what to revise next.