Knowledge Base
CFA Level I
The foundational level of the CFA curriculum, covering the essential tools and concepts required to analyze investments, construct portfolios, and uphold professional standards.
Sub-themes
Ethical and Professional Standards
Professional conduct, ethical decision-making, and performance reporting standards that underpin trust in the investment profession.
Portfolio Management
Constructing and managing investment portfolios aligned with client objectives, risk tolerance, and behavioral considerations.
Alternative Investments
Investment characteristics, structures, and performance evaluation of asset classes beyond traditional equities and bonds.
Derivatives
Derivative instruments, their pricing through arbitrage and replication, and their use by issuers and investors for hedging and speculation.
Fixed Income
Bond characteristics, valuation, yield measures, risk analysis, credit assessment, and structured products across fixed-income markets.
Equity Investments
How equity markets are organized, how stocks are valued, and how companies are analyzed for investment purposes.
Financial Statement Analysis
Reading, interpreting, and analyzing corporate financial statements to assess performance, quality, and value.
Corporate Issuers
How companies are structured, financed, and governed, and how these factors affect stakeholder value and investment decisions.
Economics
Micro- and macroeconomic principles that shape market dynamics, policy decisions, and the global investment environment.
Quantitative Methods
Mathematical and statistical tools used to analyze financial data, evaluate investments, and support decision-making under uncertainty.