{"id":10874,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm1\/"},"modified":"2026-09-22T07:44:44","modified_gmt":"2026-09-21T22:44:44","slug":"cfa-l3-pc-lm1","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm1\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L3 Portfolio Construction LM1\u3011Overview of Equity Portfolio Management \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u682a\u5f0f\u306e\u5f79\u5272\u30fb\u30e6\u30cb\u30d0\u30fc\u30b9\u306e\u533a\u5206\u30fb\u53ce\u76ca\u3068\u30b3\u30b9\u30c8\u30fb\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u9078\u629e"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 1\u300cOverview of Equity Portfolio Management\uff08\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306e\u6982\u8981\uff09\u300d\u306f\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u5f79\u5272\u3001\u682a\u5f0f\u30e6\u30cb\u30d0\u30fc\u30b9\u306e\u533a\u5206\u65b9\u6cd5\u3001\u682a\u5f0f\u904b\u7528\u306b\u4f34\u3046\u53ce\u76ca\u3068\u30b3\u30b9\u30c8\u3001\u682a\u4e3b\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u30b9\u30da\u30af\u30c8\u30e9\u30e0\u3001\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u9078\u3073\u65b9\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM1\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM1\u306b\u306f6\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u5f79\u5272\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the roles of equities in the overall portfolio<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u682a\u5f0f\u904b\u7528\u8005\u306e\u6295\u8cc7\u30e6\u30cb\u30d0\u30fc\u30b9\u3092\u3069\u306e\u3088\u3046\u306b\u533a\u5206\u3067\u304d\u308b\u304b\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe how an equity manager\u2019s investment universe can be segmented<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4fdd\u6709\u30fb\u904b\u7528\u306b\u4f34\u3046\u53ce\u76ca\u3068\u30b3\u30b9\u30c8\u306e\u7a2e\u985e\u3001\u304a\u3088\u3073\u305d\u308c\u3089\u304c\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306b\u4e0e\u3048\u5f97\u308b\u5f71\u97ff\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the types of income and costs associated with owning and managing an equity portfolio and their potential effects on portfolio performance<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u682a\u4e3b\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306e\u6f5c\u5728\u7684\u306a\u30e1\u30ea\u30c3\u30c8\u3068\u3001\u305d\u306e\u4e2d\u3067\u682a\u5f0f\u904b\u7528\u8005\u304c\u679c\u305f\u3057\u5f97\u308b\u5f79\u5272\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the potential benefits of shareholder engagement and the role an equity manager might play in shareholder engagement<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u30b9\u30da\u30af\u30c8\u30e9\u30e0\u5168\u4f53\u306b\u308f\u305f\u308b\u682a\u5f0f\u6295\u8cc7\u306e\u6839\u62e0\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe rationales for equity investment across the active management spectrum<\/span><\/li>\n<li><span class=\"ja\">LOS 6\uff1a\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u9078\u629e\u306b\u304a\u3051\u308b\u8003\u616e\u4e8b\u9805\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss considerations in choosing a benchmark for an equity portfolio<\/span><\/li>\n<\/ol>\n<h2>LM1\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u682a\u5f0f\u306f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u3067\u3001\u5024\u4e0a\u304c\u308a\u76ca\u3001\u914d\u5f53\u53ce\u5165\u3001\u4ed6\u8cc7\u7523\u3068\u306e\u5206\u6563\u52b9\u679c\u3001\u30a4\u30f3\u30d5\u30ec\u30fb\u30d8\u30c3\u30b8\u306e\u53ef\u80fd\u6027\u3068\u3044\u3063\u305f\u5f79\u5272\u3092\u62c5\u3046<\/li>\n<li>\u682a\u5f0f\u3092\u7d44\u307f\u5165\u308c\u308b\u304b\u3069\u3046\u304b\u306f\u3001\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u76ee\u6a19\u3001\u6d41\u52d5\u6027\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u91d1\u3001\u6cd5\u898f\u5236\u3001\u56fa\u6709\u306e\u4e8b\u60c5\u3068\u3044\u3063\u305f\u9867\u5ba2\u306e\u76ee\u6a19\u3068\u5236\u7d04\u304b\u3089\u5224\u65ad\u3059\u308b<\/li>\n<li>\u682a\u5f0f\u30e6\u30cb\u30d0\u30fc\u30b9\u306f\u3001\u898f\u6a21\u3068\u30b9\u30bf\u30a4\u30eb\u3001\u5730\u57df\u3001\u7d4c\u6e08\u6d3b\u52d5\uff08\u30bb\u30af\u30bf\u30fc\u30fb\u696d\u7a2e\uff09\u306e3\u3064\u306e\u8ef8\u3067\u533a\u5206\u3055\u308c\u308b\u3053\u3068\u304c\u591a\u3044<\/li>\n<li>\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u53ce\u76ca\u6e90\u306f\u914d\u5f53\u3001\u8cb8\u682a\u6599\u3068\u62c5\u4fdd\u904b\u7528\u306e\u5229\u606f\u3001\u914d\u5f53\u53d6\u308a\u3001\u30ab\u30d0\u30fc\u30c9\u30fb\u30b3\u30fc\u30eb\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u62c5\u4fdd\u4ed8\u304d\u30d7\u30c3\u30c8\u58f2\u308a\u3002\u30b3\u30b9\u30c8\u306f\u904b\u7528\u5831\u916c\u3001\u6210\u529f\u5831\u916c\u3001\u7ba1\u7406\u5831\u916c\u3001\u8ca9\u58f2\u30fb\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528\u3001\u58f2\u8cb7\u30b3\u30b9\u30c8<\/li>\n<li>\u682a\u4e3b\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306f\u4f01\u696d\u306e\u30ac\u30d0\u30ca\u30f3\u30b9\u5411\u4e0a\u3068\u696d\u7e3e\u6539\u5584\u3092\u901a\u3058\u3066\u682a\u4e3b\u306b\u5229\u76ca\u3092\u3082\u305f\u3089\u3057\u5f97\u308b\u4e00\u65b9\u3001\u8cbb\u7528\u30fb\u6642\u9593\u3001\u77ed\u671f\u5fd7\u5411\u3078\u306e\u5727\u529b\u3001\u9078\u629e\u7684\u958b\u793a\u3001\u5229\u76ca\u76f8\u53cd\u3068\u3044\u3063\u305f\u6b20\u70b9\u3082\u3042\u308b<\/li>\n<li>\u682a\u4e3b\u7dcf\u4f1a\u3067\u306e\u8b70\u6c7a\u6a29\u884c\u4f7f\u306f\u3001\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306e\u4e2d\u3067\u6700\u3082\u5f71\u97ff\u529b\u306e\u5927\u304d\u3044\u624b\u6bb5\u306e\u4e00\u3064\u3002\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\u306f\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3066\u5909\u5316\u3092\u4fc3\u3057\u3001\u5229\u76ca\u3092\u72d9\u3046<\/li>\n<li>\u30a2\u30af\u30c6\u30a3\u30d6\u304b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u304b\u306f\u4e8c\u8005\u629e\u4e00\u3067\u306f\u306a\u304f\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u30b9\u30da\u30af\u30c8\u30e9\u30e0\u4e0a\u306e\u3069\u3053\u306b\u4f4d\u7f6e\u53d6\u308b\u304b\u3092\u9078\u3076\u554f\u984c<\/li>\n<li>\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306f\u904b\u7528\u6226\u7565\u3068\u6295\u8cc7\u30e6\u30cb\u30d0\u30fc\u30b9\u3092\u53cd\u6620\u3057\u3001\u6295\u8cc7\u53ef\u80fd\u3067\u900f\u660e\u6027\u304c\u9ad8\u3044\u3082\u306e\u3092\u9078\u3076\u3002\u6307\u6570\u306e\u30a6\u30a7\u30a4\u30c8\u4ed8\u3051\u65b9\u6cd5\u306b\u3088\u3063\u3066\u30ea\u30b9\u30af\u7279\u6027\u304c\u5909\u308f\u308b<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u5f79\u5272<\/h3>\n<p>\u682a\u5f0f\u306f<strong>\u5024\u4e0a\u304c\u308a\u76ca\uff08capital appreciation\uff09<\/strong>\u306e\u4e3b\u306a\u6e90\u6cc9\u3067\u3042\u308a\u3001\u914d\u5f53\u53ce\u5165\u3001\u4ed6\u8cc7\u7523\u3068\u306e\u5206\u6563\u3001\u30a4\u30f3\u30d5\u30ec\u30fb\u30d8\u30c3\u30b8\u306e\u5f79\u5272\u3082\u62c5\u3044\u307e\u3059\u3002\u3069\u306e\u5f79\u5272\u3092\u91cd\u8996\u3059\u308b\u304b\u306f\u9867\u5ba2\u306e\u76ee\u6a19\u3068\u5236\u7d04\u3067\u5909\u308f\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5024\u4e0a\u304c\u308a\u76ca\uff1a\u4f01\u696d\u306e\u6210\u9577\u3092\u53cd\u6620\u3057\u305f\u9577\u671f\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9<\/li>\n<li>\u914d\u5f53\u53ce\u5165\uff1a\u5b89\u5b9a\u3057\u305f\u914d\u5f53\u3092\u51fa\u3059\u9298\u67c4\u306f\u30a4\u30f3\u30ab\u30e0\u6e90\u3068\u306a\u308b<\/li>\n<li>\u5206\u6563\u52b9\u679c\uff1a\u50b5\u5238\u306a\u3069\u4ed6\u8cc7\u7523\u3068\u306e\u76f8\u95a2\u304c1\u672a\u6e80\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u308b\u30ea\u30b9\u30af\u4f4e\u6e1b<\/li>\n<li>\u30a4\u30f3\u30d5\u30ec\u30fb\u30d8\u30c3\u30b8\uff1a\u52b9\u679c\u306f\u9650\u5b9a\u7684\u30fb\u6642\u671f\u306b\u3088\u308a\u4e0d\u5b89\u5b9a<\/li>\n<li>\u7d44\u5165\u308c\u5224\u65ad\u306e\u8ef8\uff1a\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u76ee\u6a19\u3001\u6d41\u52d5\u6027\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u91d1\u3001\u6cd5\u898f\u5236\u3001\u56fa\u6709\u306e\u4e8b\u60c5<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u6295\u8cc7\u30e6\u30cb\u30d0\u30fc\u30b9\u306e\u533a\u5206<\/h3>\n<p>\u682a\u5f0f\u30e6\u30cb\u30d0\u30fc\u30b9\u306f<strong>\u898f\u6a21\u3068\u30b9\u30bf\u30a4\u30eb<\/strong>\u3001<strong>\u5730\u57df<\/strong>\u3001<strong>\u7d4c\u6e08\u6d3b\u52d5\uff08\u30bb\u30af\u30bf\u30fc\u30fb\u696d\u7a2e\uff09<\/strong>\u3067\u533a\u5206\u3055\u308c\u307e\u3059\u3002\u533a\u5206\u306e\u4ed5\u65b9\u306f\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u9078\u629e\u3084\u5206\u6563\u306e\u8003\u3048\u65b9\u306b\u76f4\u7d50\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u898f\u6a21\u3068\u30b9\u30bf\u30a4\u30eb\uff1a\u5927\u578b\u30fb\u4e2d\u578b\u30fb\u5c0f\u578b \u00d7 \u30d0\u30ea\u30e5\u30fc\u30fb\u30b0\u30ed\u30fc\u30b9\u30fb\u30d6\u30ec\u30f3\u30c9<\/li>\n<li>\u5730\u57df\uff1a\u5148\u9032\u56fd\u30fb\u65b0\u8208\u56fd\u30fb\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u306a\u3069\u3001\u5e02\u5834\u306e\u767a\u5c55\u5ea6\u3067\u533a\u5206<\/li>\n<li>\u7d4c\u6e08\u6d3b\u52d5\uff1aGICS\u306a\u3069\u306e\u30bb\u30af\u30bf\u30fc\u30fb\u696d\u7a2e\u5206\u985e<\/li>\n<li>\u751f\u7523\u6307\u5411\u578b\uff08\u4f55\u3092\u4f5c\u308b\u304b\uff09\u3068\u5e02\u5834\u6307\u5411\u578b\uff08\u8ab0\u306b\u58f2\u308b\u304b\uff09\u306e\u5206\u985e\u30a2\u30d7\u30ed\u30fc\u30c1<\/li>\n<li>\u533a\u5206\u3054\u3068\u306b\u30ea\u30b9\u30af\u7279\u6027\u3084\u6d41\u52d5\u6027\u304c\u7570\u306a\u308b<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u53ce\u76ca\u3068\u30b3\u30b9\u30c8<\/h3>\n<p>\u53ce\u76ca\u306b\u306f\u914d\u5f53\u306e\u307b\u304b\u3001<strong>\u8cb8\u682a\uff08securities lending\uff09<\/strong>\u306e\u624b\u6570\u6599\u30fb\u62c5\u4fdd\u904b\u7528\u76ca\u3084\u3001\u30aa\u30d7\u30b7\u30e7\u30f3\u3092\u4f7f\u3063\u305f\u30a4\u30f3\u30ab\u30e0\u6226\u7565\u304c\u3042\u308a\u307e\u3059\u3002\u4e00\u65b9\u3067\u904b\u7528\u5831\u916c\u3084\u58f2\u8cb7\u30b3\u30b9\u30c8\u306a\u3069\u304c\u30ea\u30bf\u30fc\u30f3\u3092\u62bc\u3057\u4e0b\u3052\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u53ce\u76ca\uff1a\u914d\u5f53\u3001\u8cb8\u682a\u6599\u3068\u62c5\u4fdd\u306e\u518d\u6295\u8cc7\u53ce\u76ca\u3001\u914d\u5f53\u53d6\u308a\uff08dividend capture\uff09<\/li>\n<li>\u30aa\u30d7\u30b7\u30e7\u30f3\uff1a\u30ab\u30d0\u30fc\u30c9\u30fb\u30b3\u30fc\u30eb\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u62c5\u4fdd\u4ed8\u304d\u30d7\u30c3\u30c8\u58f2\u308a\u3067\u30d7\u30ec\u30df\u30a2\u30e0\u53ce\u5165<\/li>\n<li>\u30b3\u30b9\u30c8\uff1a\u904b\u7528\u5831\u916c\u3001\u6210\u529f\u5831\u916c\u3001\u7ba1\u7406\u5831\u916c\u3001\u8ca9\u58f2\u30fb\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u8cbb\u7528<\/li>\n<li>\u58f2\u8cb7\u30b3\u30b9\u30c8\uff1a\u624b\u6570\u6599\u30fb\u7a0e\u91d1\u306a\u3069\u306e\u660e\u793a\u7684\u30b3\u30b9\u30c8\u3068\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30a4\u30f3\u30d1\u30af\u30c8\u306a\u3069\u306e\u6697\u9ed9\u7684\u30b3\u30b9\u30c8<\/li>\n<li>\u8cb8\u682a\u306b\u306f\u76f8\u624b\u65b9\u30ea\u30b9\u30af\u3084\u62c5\u4fdd\u904b\u7528\u306e\u30ea\u30b9\u30af\u304c\u4f34\u3046<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u682a\u4e3b\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u3068\u904b\u7528\u8005\u306e\u5f79\u5272<\/h3>\n<p><strong>\u682a\u4e3b\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8<\/strong>\u306f\u3001\u682a\u4e3b\u3068\u4f01\u696d\u304c\u8b70\u6c7a\u6a29\u884c\u4f7f\u3084\u5bfe\u8a71\u3092\u901a\u3058\u3066\u95a2\u308f\u308a\u5408\u3046\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002\u30ac\u30d0\u30ca\u30f3\u30b9\u3084\u696d\u7e3e\u306e\u6539\u5584\u304c\u671f\u5f85\u3067\u304d\u308b\u4e00\u65b9\u3001\u30b3\u30b9\u30c8\u3084\u5229\u76ca\u76f8\u53cd\u306a\u3069\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30e1\u30ea\u30c3\u30c8\uff1a\u30ac\u30d0\u30ca\u30f3\u30b9\u6587\u5316\u306e\u5411\u4e0a\u3001\u696d\u7e3e\u6539\u5584\u3001\u4f01\u696d\u306e\u60c5\u5831\u7406\u89e3\u306e\u6df1\u5316<\/li>\n<li>\u30c7\u30e1\u30ea\u30c3\u30c8\uff1a\u8cbb\u7528\u3068\u6642\u9593\u3001\u77ed\u671f\u7684\u306a\u682a\u4fa1\u30fb\u5229\u76ca\u76ee\u6a19\u3078\u306e\u5727\u529b\u3001\u9078\u629e\u7684\u958b\u793a\u3001\u5229\u76ca\u76f8\u53cd<\/li>\n<li>\u30d5\u30ea\u30fc\u30e9\u30a4\u30c0\u30fc\u554f\u984c\uff1a\u30a8\u30f3\u30b2\u30fc\u30b8\u30e1\u30f3\u30c8\u306e\u6210\u679c\u306f\u95a2\u4e0e\u3057\u306a\u3044\u682a\u4e3b\u3082\u4eab\u53d7<\/li>\n<li>\u30a2\u30af\u30c6\u30a3\u30d3\u30b9\u30c8\uff1a\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3066\u5909\u5316\u3092\u4fc3\u3057\u3001\u6295\u8cc7\u5229\u76ca\u3092\u72d9\u3046\u6295\u8cc7\u5bb6<\/li>\n<li>\u8b70\u6c7a\u6a29\u884c\u4f7f\uff08\u4ee3\u7406\u4eba\u884c\u4f7f\u3092\u542b\u3080\uff09\u306f\u6700\u3082\u5f71\u97ff\u529b\u306e\u5927\u304d\u3044\u624b\u6bb5\u306e\u4e00\u3064<\/li>\n<\/ul>\n<h3>LOS 5\uff1a\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u30b9\u30da\u30af\u30c8\u30e9\u30e0\u306b\u304a\u3051\u308b\u6295\u8cc7\u306e\u6839\u62e0<\/h3>\n<p>\u904b\u7528\u306f\u30d1\u30c3\u30b7\u30d6\uff08\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\uff09\u304b\u3089\u9ad8\u3044\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30b9\u30af\u3092\u3068\u308b\u904b\u7528\u307e\u3067\u306e<strong>\u30b9\u30da\u30af\u30c8\u30e9\u30e0<\/strong>\u4e0a\u306b\u4f4d\u7f6e\u3065\u3051\u3089\u308c\u307e\u3059\u3002\u3069\u3053\u3092\u9078\u3076\u304b\u306f\u3001\u904b\u7528\u8005\u306e\u80fd\u529b\u3078\u306e\u78ba\u4fe1\u3001\u9867\u5ba2\u306e\u9078\u597d\u3001\u30b3\u30b9\u30c8\u3084\u7a0e\u306a\u3069\u3067\u5224\u65ad\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306e\u6839\u62e0\uff1a\u904b\u7528\u8005\u306e\u30b9\u30ad\u30eb\u3078\u306e\u78ba\u4fe1\u3001\u5e02\u5834\u306e\u975e\u52b9\u7387\u6027\u3001\u9867\u5ba2\u56fa\u6709\u306e\u8981\u4ef6\uff08ESG\u306a\u3069\uff09<\/li>\n<li>\u30d1\u30c3\u30b7\u30d6\u904b\u7528\u306e\u6839\u62e0\uff1a\u4f4e\u30b3\u30b9\u30c8\u3001\u5e02\u5834\u306e\u52b9\u7387\u6027\u3001\u900f\u660e\u6027<\/li>\n<li>\u5224\u65ad\u8981\u7d20\uff1a\u9867\u5ba2\u306e\u9078\u597d\u3001\u9069\u5207\u306a\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u6709\u7121\u3001\u30ea\u30b9\u30af\u3001\u30b3\u30b9\u30c8\u3001\u7a0e\u52b9\u7387<\/li>\n<\/ul>\n<h3>LOS 6\uff1a\u682a\u5f0f\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u9078\u629e<\/h3>\n<p>\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306f<strong>\u904b\u7528\u6226\u7565\u3068\u6295\u8cc7\u30e6\u30cb\u30d0\u30fc\u30b9\u3092\u53cd\u6620<\/strong>\u3057\u3001\u6295\u8cc7\u53ef\u80fd\u30fb\u900f\u660e\u30fb\u30eb\u30fc\u30eb\u30d9\u30fc\u30b9\u3067\u3042\u308b\u3053\u3068\u304c\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u6307\u6570\u306e\u30a6\u30a7\u30a4\u30c8\u4ed8\u3051\u65b9\u6cd5\uff08\u6642\u4fa1\u7dcf\u984d\u52a0\u91cd\u3001\u6d6e\u52d5\u682a\u8abf\u6574\u3001\u7b49\u91d1\u984d\u3001\u4fa1\u683c\u52a0\u91cd\u3001\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u52a0\u91cd\u306a\u3069\uff09\u306b\u3088\u3063\u3066\u7279\u6027\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u904b\u7528\u8005\u306e\u30b9\u30bf\u30a4\u30eb\u30fb\u898f\u6a21\u30fb\u5730\u57df\u3068\u6574\u5408\u3057\u3066\u3044\u308b\u3053\u3068<\/li>\n<li>\u6295\u8cc7\u53ef\u80fd\u6027\u3001\u900f\u660e\u6027\u3001\u69cb\u6210\u30eb\u30fc\u30eb\u306e\u660e\u78ba\u3055<\/li>\n<li>\u6642\u4fa1\u7dcf\u984d\u52a0\u91cd\uff1a\u5927\u578b\u682a\u3078\u306e\u96c6\u4e2d\u304c\u8d77\u3053\u308a\u3084\u3059\u3044<\/li>\n<li>\u7b49\u91d1\u984d\u52a0\u91cd\uff1a\u5c0f\u578b\u682a\u5bc4\u308a\u3001\u30ea\u30d0\u30e9\u30f3\u30b9\u983b\u5ea6\u304c\u9ad8\u304f\u30b3\u30b9\u30c8\u5897<\/li>\n<li>\u30ea\u30d0\u30e9\u30f3\u30b9\u306e\u983b\u5ea6\u3084\u9298\u67c4\u96c6\u4e2d\u5ea6\u3082\u30ea\u30b9\u30af\u7279\u6027\u306b\u5f71\u97ff<\/li>\n<\/ul>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/level3-mail\/\" target=\"_blank\" rel=\"noopener\">Level 3 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm2\/\">LM2 Overview of Fixed-Income Portfolio Management\uff08\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306e\u6982\u8981\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l3-pc\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 3 Portfolio Construction\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 3 Portfolio Construction LM1\u300cOverview of Equity Portfolio Management\uff08\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306e\u6982\u8981\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[100],"tags":[],"class_list":["post-10874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level3-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10874","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10874"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10874\/revisions"}],"predecessor-version":[{"id":11375,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10874\/revisions\/11375"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11220"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}