{"id":10875,"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-lm2\/"},"modified":"2026-09-22T07:44:45","modified_gmt":"2026-09-21T22:44:45","slug":"cfa-l3-pc-lm2","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm2\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L3 Portfolio Construction LM2\u3011Overview of Fixed-Income Portfolio Management \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u50b5\u5238\u306e\u5f79\u5272\u30fb\u30ea\u30b9\u30af\u6307\u6a19\u30fb\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u5206\u89e3\u30fbLDI\u30fb\u30e9\u30c0\u30fc"},"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 2\u300cOverview of Fixed-Income Portfolio Management\uff08\u50b5\u5238\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\u50b5\u5238\u306e\u5f79\u5272\u3068\u30de\u30f3\u30c7\u30fc\u30c8\u306e\u5206\u985e\u3001\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u6307\u6a19\u3001\u5e02\u5834\u6d41\u52d5\u6027\u3001\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306e\u30e2\u30c7\u30eb\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u3001\u8ab2\u7a0e\u306e\u6709\u7121\u306b\u3088\u308b\u904b\u7528\u306e\u9055\u3044\u3001\u8ca0\u50b5\u4e3b\u5c0e\u578b\u6295\u8cc7\uff08LDI\uff09\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u3001\u30e9\u30c0\u30fc\u578b\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\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>LM2\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\u3002LM2\u306b\u306f9\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\u306b\u304a\u3051\u308b\u50b5\u5238\u306e\u5f79\u5272\u3068\u3001\u50b5\u5238\u30de\u30f3\u30c7\u30fc\u30c8\u306e\u5206\u985e\u65b9\u6cd5\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss roles of fixed-income securities in portfolios and how fixed-income mandates may be classified<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u6307\u6a19\u3068\u76f8\u95a2\u7279\u6027\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe fixed-income portfolio measures of risk and return as well as correlation characteristics<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u5e02\u5834\u306e\u30b5\u30d6\u30bb\u30af\u30bf\u30fc\u9593\u306e\u9055\u3044\u3092\u542b\u3080\u50b5\u5238\u5e02\u5834\u306e\u6d41\u52d5\u6027\u3092\u8aac\u660e\u3057\u3001\u6d41\u52d5\u6027\u304c\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306b\u4e0e\u3048\u308b\u5f71\u97ff\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">describe bond market liquidity, including the differences among market sub-sectors, and discuss the effect of liquidity on fixed-income portfolio management<\/span><\/li>\n<li><span class=\"ja\">LOS 4\uff1a\u50b5\u5238\u30ea\u30bf\u30fc\u30f3\u306e\u30e2\u30c7\u30eb\u3092\u8aac\u660e\u30fb\u89e3\u91c8\u3059\u308b<\/span><span class=\"en\">describe and interpret a model for fixed-income returns<\/span><\/li>\n<li><span class=\"ja\">LOS 5\uff1a\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u304a\u3051\u308b\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u5229\u7528\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u4ee3\u66ff\u624b\u6bb5\u3001\u30ec\u30d0\u30ec\u30c3\u30b8\u304c\u751f\u3080\u30ea\u30b9\u30af\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss the use of leverage, alternative methods for leveraging, and risks that leverage creates in fixed-income portfolios<\/span><\/li>\n<li><span class=\"ja\">LOS 6\uff1a\u8ab2\u7a0e\u6295\u8cc7\u5bb6\u3068\u975e\u8ab2\u7a0e\u6295\u8cc7\u5bb6\u306e\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306e\u9055\u3044\u3092\u8ad6\u3058\u308b<\/span><span class=\"en\">discuss differences in managing fixed-income portfolios for taxable and tax-exempt investors<\/span><\/li>\n<li><span class=\"ja\">LOS 7\uff1a\u8ca0\u50b5\u4e3b\u5c0e\u578b\u6295\u8cc7\uff08LDI\uff09\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe liability-driven investing<\/span><\/li>\n<li><span class=\"ja\">LOS 8\uff1a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u6226\u7565\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the strategy of cash flow matching<\/span><\/li>\n<li><span class=\"ja\">LOS 9\uff1a\u30e9\u30c0\u30fc\u578b\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u69cb\u7bc9\u65b9\u6cd5\u3001\u30e1\u30ea\u30c3\u30c8\u3001\u9650\u754c\u3001\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u7279\u6027\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe construction, benefits, limitations, and risk\u2013return characteristics of a laddered bond portfolio<\/span><\/li>\n<\/ol>\n<h2>LM2\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>\u50b5\u5238\u306f\u682a\u5f0f\u306a\u3069\u4ed6\u306e\u4e3b\u8981\u8cc7\u7523\u3068\u306e\u76f8\u95a2\u304c\u4e00\u822c\u306b\u4f4e\u304f\u3001\u5206\u6563\u52b9\u679c\u3092\u3082\u305f\u3089\u3059\u3002\u5909\u52d5\u5229\u4ed8\u50b5\u3084\u30a4\u30f3\u30d5\u30ec\u9023\u52d5\u50b5\u306f\u30a4\u30f3\u30d5\u30ec\u30fb\u30ea\u30b9\u30af\u306e\u30d8\u30c3\u30b8\u306b\u4f7f\u3048\u308b<\/li>\n<li>\u50b5\u5238\u306e\u5b9a\u671f\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306f\u5c06\u6765\u306e\u8ca0\u50b5\u306e\u652f\u6255\u3044\u306b\u9069\u3057\u3066\u3044\u308b<\/li>\n<li>\u8ca0\u50b5\u30d9\u30fc\u30b9\u306e\u30de\u30f3\u30c7\u30fc\u30c8\u306f\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u3068\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u306e2\u3064\u304c\u4e3b\u306a\u624b\u6cd5\u3002\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u578b\u30de\u30f3\u30c7\u30fc\u30c8\u306f\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u3078\u306e\u8ffd\u968f\u307e\u305f\u306f\u8d85\u904e\u3092\u76ee\u6307\u3059<\/li>\n<li>\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u578b\u306f\u3001\u76ee\u6a19\u3068\u3059\u308b\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30bf\u30fc\u30f3\u3068\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30b9\u30af\u306e\u6c34\u6e96\u306b\u3088\u308a\u3001\u7d14\u7c8b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3001\u30a8\u30f3\u30cf\u30f3\u30b9\u30c8\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u3001\u30a2\u30af\u30c6\u30a3\u30d6\u904b\u7528\u306b\u5206\u3051\u3089\u308c\u308b<\/li>\n<li>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u500b\u5225\u50b5\u5238\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u6642\u4fa1\u52a0\u91cd\u5e73\u5747\u3067\u8fd1\u4f3c\u3067\u304d\u3001\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u306f\u4e8c\u6b21\u7684\u306a\u52b9\u679c\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u91d1\u5229\u306b\u4f9d\u5b58\u3059\u308b\u50b5\u5238\u3067\u306f\u5b9f\u52b9\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u5b9f\u52b9\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u3092\u7528\u3044\u308b<\/li>\n<li>\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u30af\u30ec\u30b8\u30c3\u30c8\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9\u5909\u5316\u3078\u306e\u611f\u5fdc\u5ea6\u3002DTS\uff08duration times spread\uff09\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u304c\u6c34\u6e96\u306b\u6bd4\u4f8b\u3057\u3084\u3059\u3044\u6027\u8cea\u3092\u53d6\u308a\u8fbc\u3093\u3060\u6307\u6a19<\/li>\n<li>\u50b5\u5238\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u5229\u56de\u308a\u53ce\u5165\u3001\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u3001\u5229\u56de\u308a\u898b\u901a\u3057\u306b\u57fa\u3065\u304f\u4fa1\u683c\u5909\u5316\u3001\u4e88\u60f3\u4fe1\u7528\u640d\u5931\u3001\u4e88\u60f3\u70ba\u66ff\u640d\u76ca\u306b\u5206\u89e3\u3067\u304d\u308b<\/li>\n<li>\u30ec\u30d0\u30ec\u30c3\u30b8\u306f\u30ea\u30bf\u30fc\u30f3\u3092\u62e1\u5927\u3059\u308b\u304c\u640d\u5931\u3082\u62e1\u5927\u3055\u305b\u308b\u3002\u8ab2\u7a0e\u6295\u8cc7\u5bb6\u306f\u7a0e\u5f15\u5f8c\u30ea\u30bf\u30fc\u30f3\u3092\u91cd\u8996\u3057\u3001\u5b9f\u73fe\u640d\u76ca\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3092\u7ba1\u7406\u3059\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\u50b5\u5238\u306e\u5f79\u5272\u3068\u30de\u30f3\u30c7\u30fc\u30c8\u306e\u5206\u985e<\/h3>\n<p>\u50b5\u5238\u306f<strong>\u5206\u6563\u52b9\u679c<\/strong>\u3001\u5b9a\u671f\u7684\u306a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306b\u3088\u308b<strong>\u8ca0\u50b5\u3078\u306e\u5099\u3048<\/strong>\u3001\u5909\u52d5\u5229\u4ed8\u50b5\u30fb\u30a4\u30f3\u30d5\u30ec\u9023\u52d5\u50b5\u306b\u3088\u308b<strong>\u30a4\u30f3\u30d5\u30ec\u30fb\u30d8\u30c3\u30b8<\/strong>\u306e\u5f79\u5272\u3092\u62c5\u3044\u307e\u3059\u3002\u30de\u30f3\u30c7\u30fc\u30c8\u306f\u8ca0\u50b5\u30d9\u30fc\u30b9\u3068\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u578b\u306b\u5927\u5225\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5206\u6563\uff1a\u682a\u5f0f\u306a\u3069\u4ed6\u8cc7\u7523\u3068\u306e\u76f8\u95a2\u304c\u4e00\u822c\u306b\u4f4e\u3044<\/li>\n<li>\u8ca0\u50b5\u30d9\u30fc\u30b9\uff1a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u3001\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30de\u30c3\u30c1\u30f3\u30b0<\/li>\n<li>\u30c8\u30fc\u30bf\u30eb\u30fb\u30ea\u30bf\u30fc\u30f3\u578b\uff1a\u7d14\u7c8b\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u2192\u30a8\u30f3\u30cf\u30f3\u30b9\u30c8\u30fb\u30a4\u30f3\u30c7\u30c3\u30af\u30b9\u2192\u30a2\u30af\u30c6\u30a3\u30d6\u306e\u9806\u306b\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30b9\u30af\u304c\u5897\u3048\u308b<\/li>\n<li>ESG\u3092\u8003\u616e\u3057\u305f\u30de\u30f3\u30c7\u30fc\u30c8\u3082\u3042\u308b<\/li>\n<\/ul>\n<h3>LOS 2\uff1a\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u6307\u6a19\u3068\u76f8\u95a2<\/h3>\n<p>\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u91d1\u5229\u611f\u5fdc\u5ea6\u306f<strong>\u4fee\u6b63\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/strong>\u306e\u6642\u4fa1\u52a0\u91cd\u5e73\u5747\u3067\u8fd1\u4f3c\u3057\u3001\u5927\u304d\u306a\u91d1\u5229\u5909\u5316\u306b\u306f\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u3092\u52a0\u3048\u307e\u3059\u3002\u4fe1\u7528\u30ea\u30b9\u30af\u306b\u306f<strong>\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/strong>\u3084DTS\u3092\u7528\u3044\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30de\u30cd\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff08BPV\u3067\u8868\u3059\u3053\u3068\u3082\u591a\u3044\uff09\uff1d\u91d1\u984d\u30d9\u30fc\u30b9\u306e\u611f\u5fdc\u5ea6<\/li>\n<li>\u5b9f\u52b9\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u5b9f\u52b9\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\uff1a\u30aa\u30d7\u30b7\u30e7\u30f3\u4ed8\u304d\u50b5\u5238\u306a\u3069<\/li>\n<li>\u30b9\u30d7\u30ec\u30c3\u30c9\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff1a\u30b9\u30d7\u30ec\u30c3\u30c91%\u5909\u5316\u306b\u5bfe\u3059\u308b\u4fa1\u683c\u5909\u5316\u7387<\/li>\n<li>DTS\uff1a\u30b9\u30d7\u30ec\u30c3\u30c9\u6c34\u6e96\u306b\u6bd4\u4f8b\u3057\u305f\u5909\u5316\u3092\u53cd\u6620<\/li>\n<li>\u50b5\u5238\u3068\u682a\u5f0f\u306e\u76f8\u95a2\u306f\u6642\u671f\u3084\u5e02\u5834\u74b0\u5883\u306b\u3088\u308a\u5909\u308f\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u4fee\u6b63\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3 \u2248 \u03a3\uff08MV\u2c7c \/ MV\uff09\u00d7 ModDur\u2c7c<\/div>\n<h3>LOS 3\uff1a\u50b5\u5238\u5e02\u5834\u306e\u6d41\u52d5\u6027<\/h3>\n<p>\u50b5\u5238\u306f\u591a\u304f\u304c<strong>\u5e97\u982d\uff08OTC\uff09\u306e\u30c7\u30a3\u30fc\u30e9\u30fc\u5e02\u5834<\/strong>\u3067\u53d6\u5f15\u3055\u308c\u3001\u682a\u5f0f\u3088\u308a\u6d41\u52d5\u6027\u304c\u4f4e\u3044\u306e\u304c\u4e00\u822c\u7684\u3067\u3059\u3002\u56fd\u50b5\uff08\u7279\u306b\u30aa\u30f3\u30fb\u30b6\u30fb\u30e9\u30f3\uff09\u306f\u6d41\u52d5\u6027\u304c\u9ad8\u304f\u3001\u793e\u50b5\u3084\u5c0f\u898f\u6a21\u767a\u884c\u4f53\u306e\u50b5\u5238\u306f\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6d41\u52d5\u6027\uff1a\u56fd\u50b5\uff1e\u6295\u8cc7\u9069\u683c\u793e\u50b5\uff1e\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u30fb\u65b0\u8208\u56fd\u50b5\u306a\u3069<\/li>\n<li>\u767a\u884c\u76f4\u5f8c\u306f\u53d6\u5f15\u304c\u591a\u304f\u3001\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u6d41\u52d5\u6027\u304c\u4f4e\u4e0b<\/li>\n<li>\u6d41\u52d5\u6027\u3068\u5229\u56de\u308a\u306e\u30c8\u30ec\u30fc\u30c9\u30aa\u30d5\uff08\u6d41\u52d5\u6027\u306e\u4f4e\u3044\u50b5\u5238\u306f\u5229\u56de\u308a\u304c\u9ad8\u3044\uff09<\/li>\n<li>\u4fa1\u683c\u306e\u900f\u660e\u6027\u304c\u4f4e\u304f\u3001\u8a55\u4fa1\u306b\u30de\u30c8\u30ea\u30c3\u30af\u30b9\u30fb\u30d7\u30e9\u30a4\u30b7\u30f3\u30b0\u3092\u7528\u3044\u308b\u3053\u3068\u3082<\/li>\n<li>\u4ee3\u66ff\u624b\u6bb5\uff1a\u5148\u7269\u3001\u30b9\u30ef\u30c3\u30d7\u3001\u50b5\u5238ETF\u306a\u3069\u3067\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc\u3092\u78ba\u4fdd<\/li>\n<\/ul>\n<h3>LOS 4\uff1a\u50b5\u5238\u30ea\u30bf\u30fc\u30f3\u306e\u30e2\u30c7\u30eb<\/h3>\n<p>\u50b5\u5238\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u69cb\u6210\u8981\u7d20\u306b\u5206\u89e3\u3057\u3001\u305d\u308c\u305e\u308c\u306e\u898b\u901a\u3057\u3092\u7a4d\u307f\u4e0a\u3052\u307e\u3059\u3002<strong>\u30ed\u30fc\u30ea\u30f3\u30b0\u30fb\u30a4\u30fc\u30eb\u30c9<\/strong>\uff08\u5229\u56de\u308a\u53ce\u5165\uff0b\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\uff09\u306b\u3001\u5229\u56de\u308a\u5909\u5316\u3001\u4fe1\u7528\u640d\u5931\u3001\u70ba\u66ff\u306e\u5f71\u97ff\u3092\u52a0\u6e1b\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5229\u56de\u308a\u53ce\u5165\uff1a\u5e74\u9593\u30af\u30fc\u30dd\u30f3\u00f7\u73fe\u5728\u4fa1\u683c\uff08\u518d\u6295\u8cc7\u53ce\u76ca\u3082\u542b\u3081\u3066\u8003\u3048\u308b\uff09<\/li>\n<li>\u30ed\u30fc\u30eb\u30c0\u30a6\u30f3\u30fb\u30ea\u30bf\u30fc\u30f3\uff1a\u5229\u56de\u308a\u66f2\u7dda\u304c\u4e0d\u5909\u306e\u307e\u307e\u6e80\u671f\u304c\u77ed\u304f\u306a\u308b\u3053\u3068\u306b\u3088\u308b\u4fa1\u683c\u5909\u5316<\/li>\n<li>\u5229\u56de\u308a\u898b\u901a\u3057\u306b\u3088\u308b\u4fa1\u683c\u5909\u5316\uff1a\u2212\u4fee\u6b63\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u00d7\u0394y\uff0b\u00bd\u00d7\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u00d7(\u0394y)\u00b2<\/li>\n<li>\u4e88\u60f3\u4fe1\u7528\u640d\u5931\uff1a\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\u00d7\u640d\u5931\u7387<\/li>\n<li>\u4e88\u60f3\u70ba\u66ff\u640d\u76ca\uff1a\u5916\u8ca8\u5efa\u3066\u50b5\u5238\u306e\u5834\u5408<\/li>\n<\/ul>\n<div class=\"cfalm-f\">E(R) \u2248 \u5229\u56de\u308a\u53ce\u5165 + \u30ed\u30fc\u30eb\u30c0\u30a6\u30f3 + E(\u5229\u56de\u308a\u5909\u5316\u306b\u3088\u308b\u4fa1\u683c\u5909\u5316) \u2212 E(\u4fe1\u7528\u640d\u5931) + E(\u70ba\u66ff\u640d\u76ca)<\/div>\n<h3>LOS 5\uff1a\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ec\u30d0\u30ec\u30c3\u30b8<\/h3>\n<p>\u501f\u5165\u308c\u3067\u6295\u8cc7\u984d\u3092\u5897\u3084\u3059\u3068\u3001\u6295\u8cc7\u30ea\u30bf\u30fc\u30f3\u304c\u501f\u5165\u30b3\u30b9\u30c8\u3092\u4e0a\u56de\u308b\u9650\u308a\u30ea\u30bf\u30fc\u30f3\u304c\u9ad8\u307e\u308a\u307e\u3059\u304c\u3001\u640d\u5931\u3082\u62e1\u5927\u3057\u307e\u3059\u3002\u30ec\u30d0\u30ec\u30c3\u30b8\u306f<strong>\u5148\u7269\u3001\u30b9\u30ef\u30c3\u30d7\u3001\u4ed5\u7d44\u307f\u5546\u54c1\u3001\u30ec\u30dd\u3001\u50b5\u5238\u8cb8\u501f<\/strong>\u306a\u3069\u3067\u5b9f\u73fe\u3067\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30ec\u30d0\u30ec\u30c3\u30b8\u5f8c\u30ea\u30bf\u30fc\u30f3\uff1a\u81ea\u5df1\u8cc7\u672c\u306b\u5bfe\u3059\u308b\u30ea\u30bf\u30fc\u30f3<\/li>\n<li>\u5148\u7269\u30fb\u30b9\u30ef\u30c3\u30d7\uff1a\u5c11\u306a\u3044\u8cc7\u91d1\u3067\u5927\u304d\u306a\u60f3\u5b9a\u5143\u672c\u306e\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc<\/li>\n<li>\u30ec\u30dd\u53d6\u5f15\uff1a\u50b5\u5238\u3092\u62c5\u4fdd\u306b\u77ed\u671f\u8cc7\u91d1\u3092\u8abf\u9054<\/li>\n<li>\u30ea\u30b9\u30af\uff1a\u640d\u5931\u306e\u62e1\u5927\u3001\u8ffd\u52a0\u62c5\u4fdd\u30fb\u5f37\u5236\u58f2\u5374\u3001\u8cc7\u91d1\u8abf\u9054\uff08\u30ed\u30fc\u30eb\u30aa\u30fc\u30d0\u30fc\uff09\u30ea\u30b9\u30af<\/li>\n<li>\u5e02\u5834\u30b9\u30c8\u30ec\u30b9\u6642\u306b\u306f\u8abf\u9054\u30b3\u30b9\u30c8\u4e0a\u6607\u3084\u62c5\u4fdd\u306e\u30d8\u30a2\u30ab\u30c3\u30c8\u62e1\u5927<\/li>\n<\/ul>\n<div class=\"cfalm-f\">r_P = r_I + (V_B \/ V_E) \u00d7 (r_I \u2212 r_B)<\/div>\n<h3>LOS 6\uff1a\u8ab2\u7a0e\u30fb\u975e\u8ab2\u7a0e\u6295\u8cc7\u5bb6\u306e\u904b\u7528\u306e\u9055\u3044<\/h3>\n<p>\u975e\u8ab2\u7a0e\u6295\u8cc7\u5bb6\uff08\u5e74\u91d1\u57fa\u91d1\u306a\u3069\uff09\u306f\u7a0e\u3092\u8003\u616e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u305b\u3093\u304c\u3001\u8ab2\u7a0e\u6295\u8cc7\u5bb6\u306f<strong>\u7a0e\u5f15\u5f8c\u30ea\u30bf\u30fc\u30f3<\/strong>\u3092\u6700\u5927\u5316\u3059\u308b\u3088\u3046\u3001\u5229\u606f\u3068\u8b72\u6e21\u76ca\u306e\u7a0e\u7387\u5dee\u3084\u640d\u76ca\u306e\u5b9f\u73fe\u6642\u671f\u3092\u7ba1\u7406\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u5229\u606f\u53ce\u5165\u3068\u8b72\u6e21\u76ca\u3067\u7a0e\u7387\u304c\u7570\u306a\u308b\u3053\u3068\u304c\u591a\u3044<\/li>\n<li>\u640d\u5931\u306e\u5b9f\u73fe\uff08\u30bf\u30c3\u30af\u30b9\u30fb\u30ed\u30b9\u30fb\u30cf\u30fc\u30d9\u30b9\u30c6\u30a3\u30f3\u30b0\uff09\u3067\u5229\u76ca\u3068\u76f8\u6bba<\/li>\n<li>\u5229\u76ca\u306e\u5b9f\u73fe\u3092\u5148\u9001\u308a\u3057\u3066\u8ab2\u7a0e\u3092\u7e70\u308a\u5ef6\u3079<\/li>\n<li>\u4fdd\u6709\u671f\u9593\u306b\u3088\u308b\u7a0e\u7387\u306e\u9055\u3044<\/li>\n<li>\u30d5\u30a1\u30f3\u30c9\u306e\u58f2\u8cb7\u304c\u8ab2\u7a0e\u306b\u53ca\u307c\u3059\u5f71\u97ff\uff08\u56de\u8ee2\u7387\uff09<\/li>\n<\/ul>\n<h3>LOS 7\uff1a\u8ca0\u50b5\u4e3b\u5c0e\u578b\u6295\u8cc7\uff08LDI\uff09<\/h3>\n<p><strong>LDI<\/strong>\u306f\u3001\u5c06\u6765\u306e\u8ca0\u50b5\u306e\u652f\u6255\u3044\u3092\u78ba\u5b9f\u306b\u3059\u308b\u3053\u3068\u3092\u4e3b\u76ee\u7684\u306b\u8cc7\u7523\u3092\u904b\u7528\u3059\u308b\u624b\u6cd5\u3067\u3059\u3002\u8cc7\u7523\u3068\u8ca0\u50b5\u306e\u91d1\u5229\u611f\u5fdc\u5ea6\u3092\u5408\u308f\u305b\u3001\u7a4d\u7acb\u72b6\u6cc1\u306e\u5909\u52d5\u3092\u6291\u3048\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u8cc7\u7523\u8ca0\u50b5\u7ba1\u7406\uff08ALM\uff09\u306e\u4e00\u5f62\u614b<\/li>\n<li>\u8ca0\u50b5\u306e\u7a2e\u985e\uff1a\u91d1\u984d\u30fb\u6642\u671f\u304c\u78ba\u5b9a\u3057\u3066\u3044\u308b\u3082\u306e\u304b\u3089\u3001\u4e21\u65b9\u4e0d\u78ba\u5b9a\u306e\u3082\u306e\u307e\u3067<\/li>\n<li>\u4e3b\u306a\u624b\u6cd5\uff1a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u3001\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\uff08\u30a4\u30df\u30e5\u30cb\u30bc\u30fc\u30b7\u30e7\u30f3\uff09<\/li>\n<li>\u5e74\u91d1\u57fa\u91d1\u3001\u4fdd\u967a\u4f1a\u793e\u306a\u3069\u304c\u5229\u7528<\/li>\n<\/ul>\n<h3>LOS 8\uff1a\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0<\/h3>\n<p><strong>\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u30fb\u30de\u30c3\u30c1\u30f3\u30b0<\/strong>\u306f\u3001\u50b5\u5238\u306e\u30af\u30fc\u30dd\u30f3\u3068\u511f\u9084\u91d1\u3092\u8ca0\u50b5\u306e\u652f\u6255\u6642\u671f\u30fb\u91d1\u984d\u306b\u5408\u308f\u305b\u308b\u624b\u6cd5\u3067\u3059\u3002\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u3084\u91d1\u5229\u30ea\u30b9\u30af\u3092\u5927\u5e45\u306b\u6291\u3048\u3089\u308c\u307e\u3059\u304c\u3001\u30b3\u30b9\u30c8\u304c\u304b\u304b\u308a\u67d4\u8edf\u6027\u306b\u6b20\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6e80\u671f\u306e\u9577\u3044\u8ca0\u50b5\u304b\u3089\u9806\u306b\u50b5\u5238\u3092\u5272\u308a\u5f53\u3066\u308b\u3053\u3068\u304c\u591a\u3044<\/li>\n<li>\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u304c\u307b\u307c\u6b8b\u3089\u306a\u3044<\/li>\n<li>\u5b8c\u5168\u4e00\u81f4\u306f\u96e3\u3057\u304f\u3001\u6b8b\u4f59\u306e\u73fe\u91d1\u306f\u4f4e\u5229\u56de\u308a\u3067\u4fdd\u6709<\/li>\n<li>\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30de\u30c3\u30c1\u30f3\u30b0\u3088\u308a\u4e00\u822c\u306b\u30b3\u30b9\u30c8\u304c\u9ad8\u3044<\/li>\n<\/ul>\n<h3>LOS 9\uff1a\u30e9\u30c0\u30fc\u578b\u50b5\u5238\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/h3>\n<p><strong>\u30e9\u30c0\u30fc\u578b<\/strong>\u306f\u3001\u5143\u672c\u3092\u8907\u6570\u306e\u6e80\u671f\u306b\u5747\u7b49\u306b\u914d\u5206\u3059\u308b\u69cb\u6210\u3067\u3059\u3002\u6bce\u671f\u6e80\u671f\u3092\u8fce\u3048\u308b\u50b5\u5238\u304c\u6d41\u52d5\u6027\u3092\u4f9b\u7d66\u3057\u3001\u518d\u6295\u8cc7\u306b\u3088\u3063\u3066\u91d1\u5229\u5909\u52d5\u306e\u30ea\u30b9\u30af\u3092\u5206\u6563\u3067\u304d\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u69cb\u7bc9\uff1a\u77ed\u671f\u304b\u3089\u9577\u671f\u307e\u3067\u6e80\u671f\u3092\u5747\u7b49\u306b\u5206\u6563<\/li>\n<li>\u30e1\u30ea\u30c3\u30c8\uff1a\u5229\u56de\u308a\u66f2\u7dda\u5168\u4f53\u3078\u306e\u5206\u6563\u3001\u5b9a\u671f\u7684\u306a\u6d41\u52d5\u6027\u3001\u518d\u6295\u8cc7\u6642\u671f\u306e\u5206\u6563<\/li>\n<li>\u540c\u3058\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u30d0\u30ec\u30c3\u30c8\u578b\u3088\u308a\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u304c\u9ad8\u3044<\/li>\n<li>\u9650\u754c\uff1a\u7279\u5b9a\u306e\u8ca0\u50b5\u306e\u6642\u671f\u306b\u5408\u308f\u305b\u308b\u7528\u9014\u306b\u306f\u4e0d\u5411\u304d\u3001\u500b\u5225\u50b5\u5238\u306e\u4fdd\u6709\u306b\u3088\u308b\u5206\u6563\u306e\u5236\u7d04<\/li>\n<li>\u50b5\u5238ETF\uff08\u6e80\u671f\u578b\uff09\u3092\u4f7f\u3063\u3066\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3082\u3067\u304d\u308b<\/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\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm1\/\">LM1 Overview of Equity Portfolio Management\uff08\u682a\u5f0f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u904b\u7528\u306e\u6982\u8981\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l3-pc-lm3\/\">LM3 Asset Allocation to Alternative Investments\uff08\u30aa\u30eb\u30bf\u30ca\u30c6\u30a3\u30d6\u6295\u8cc7\u3078\u306e\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\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 LM2\u300cOverview of Fixed-Income Portfolio Management\uff08\u50b5\u5238\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":11221,"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-10875","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\/10875","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=10875"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10875\/revisions"}],"predecessor-version":[{"id":11376,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10875\/revisions\/11376"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11221"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}