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2015 Level III Mock Exam
The 2015 Level III Chartered Financial Analyst® Mock Examination has 60 questions.
To best simulate the exam day experience, candidates are advised to allocate an average
of 18 minutes per item set (vignette and 6 multiple choice questions) for a total of 180
minutes (3 hours) for this session of the exam.
Questions Topic Minutes
1-6 Ethical and Professional Standards 18
7-12 Ethical and Professional Standards 18
13-18 Capital Market Expectations 18
19-24 Fixed Income Portfolio Management 18
25-30 Equity Portfolio Management 18
31-36 Portfolio Management - Institutional 18
37-42 Application of Derivatives 18
43-48 Asset Allocation 18
49-54 Portfolio Attribution 18
55-60 GIPS 18
Total: 180
By accessing this mock exam, you agree to the following terms of use: This mock exam is
provided to currently-registered CFA candidates. Candidates may view and print the exam for
personal exam preparation only. The following activities are strictly prohibited and may result in
disciplinary and/or legal action: accessing or permitting access by anyone other than currently-
registered CFA candidates; copying, posting to any website, emailing, distributing and/or
reprinting the mock exam for any purpose.
Litman Case Scenario
Frank Litman, CFA, was recently hired as a portfolio manager by Twain Investm
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