{"id":11422,"date":"2026-09-24T09:00:00","date_gmt":"2026-09-24T00:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/?p=11422"},"modified":"2026-09-24T18:39:17","modified_gmt":"2026-09-24T09:39:17","slug":"cfa-l1-pc-glossary","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-pc-glossary\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Portfolio Construction \u7528\u8a9e\u96c6\u3011Portfolio Construction \u306e\u91cd\u8981\u7528\u8a9e60\u8a9e\uff5c\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u3092\u5358\u5143\u5225\u306b\u6574\u7406"},"content":{"rendered":"<style> .cfagl-nav{background:#f6f7fb;border-radius:6px;padding:1em 1.2em;margin:1em 0;line-height:1.9;word-break:normal;overflow-wrap:anywhere} .cfagl-nav a{display:block;margin:.15em 0} .cfagl-lm{font-size:.9em;margin:.2em 0 1em} .cfagl-t{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.75em 1em;margin:0 0 .8em;background:#fff} .cfagl-t .en{display:block;font-weight:bold;color:#172152;line-height:1.5;word-break:normal;overflow-wrap:anywhere} .cfagl-t .ja{display:block;font-size:.9em;color:#555;margin:.15em 0 .4em;line-height:1.5} .cfagl-t .df{display:block;line-height:1.75} .cfafm-c{border:1px solid #d5d9e3;border-top:4px solid #172152;border-radius:4px;padding:.9em 1em;margin:0 0 1.2em;background:#fff} .cfafm-c .nm{display:block;font-weight:bold;color:#172152;line-height:1.5} .cfafm-c .ne{display:block;font-size:.85em;color:#667;margin-bottom:.5em;word-break:normal;overflow-wrap:anywhere} .cfafm-x{background:#f6f7fb;border-radius:4px;padding:.6em .8em;margin:.4em 0 .7em;overflow-x:auto;overflow-y:hidden;-webkit-overflow-scrolling:touch} .cfafm-x .katex-display{margin:.3em 0!important} .cfafm-lg{margin:.3em 0 .6em;padding:0;font-size:.92em} .cfafm-lg div{display:flex;gap:.8em;padding:.25em 0;border-bottom:1px dotted #d5d9e3;line-height:1.6} .cfafm-lg .s{flex:0 0 auto;min-width:4.5em;max-width:45%;overflow-x:auto} .cfafm-lg .d{flex:1 1 auto} .cfafm-u{display:block;line-height:1.75;font-size:.95em} .cfafm-u b{color:#172152} .cfahub-g{display:grid;grid-template-columns:repeat(auto-fill,minmax(250px,1fr));gap:.8em;margin:1em 0} .cfahub-g a{display:block;border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em;background:#fff;text-decoration:none;color:#172152;line-height:1.5} .cfahub-g a .n{display:block;font-weight:bold} .cfahub-g a .j{display:block;font-size:.88em;color:#555} .cfagl-t p:empty,.cfafm-c p:empty,.cfahub-g p:empty,.cfagl-nav p:empty{display:none} .cfagl-lsc{border:2px solid #c9a227;background:#fffbea;border-radius:6px;padding:.9em 1.1em;margin:1em 0 1.4em;line-height:1.75} .cfagl-lsc b{display:block;color:#8a6d1d;margin-bottom:.3em} .cfagl-lsc a{display:inline-block;margin-top:.4em;font-weight:bold} .cfahub-g a .c{display:block;font-size:.82em;color:#8a6d1d;margin-top:.3em} <\/style>\n<div class=\"box05\">CFA\u00ae\ufe0e Level 1\u300cPortfolio Construction\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\uff09\u300d\u3067\u4f7f\u308f\u308c\u308b\u91cd\u8981\u7528\u8a9e\u3092\u3001\u5b66\u7fd2\u5358\u5143\uff08Learning Module\uff09\u3054\u3068\u306b<strong>\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473<\/strong>\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002\u51686\u5358\u5143\u30fb60\u8a9e\u3092\u53ce\u9332\u3057\u3066\u3044\u307e\u3059\u3002\u82f1\u8a9e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u3092\u8aad\u3080\u3068\u304d\u306e\u8f9e\u66f8\u4ee3\u308f\u308a\u306b\u304a\u4f7f\u3044\u304f\u3060\u3055\u3044\u3002<\/div>\n<div class=\"cfagl-lsc\"><b>Leveraged Support Course \u3092\u3054\u5229\u7528\u306e\u65b9\u3078<\/b>FA-Academy \u306e Leveraged Support Course\uff08LSC\uff09\u3092\u3054\u5229\u7528\u306e\u65b9\u306b\u306f\u3001\u3053\u306e\u7528\u8a9e\u96c6\u3068\u516c\u5f0f\u96c6\u3092\u30ec\u30d9\u30eb\u5225\u306b\u6574\u7406\u3057\u305f\u8cc7\u6599\uff08PDF\uff09\u3092\u304a\u6e21\u3057\u3057\u3066\u3044\u307e\u3059\u3002\u30aa\u30d5\u30e9\u30a4\u30f3\u3067\u306e\u78ba\u8a8d\u3084\u8a66\u9a13\u76f4\u524d\u306e\u898b\u76f4\u3057\u306b\u3054\u6d3b\u7528\u304f\u3060\u3055\u3044\u3002<a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\">Level 1 Leveraged Support Course \u306e\u8a73\u7d30\u3092\u898b\u308b<\/a><\/div>\n<h2>\u5358\u5143\uff08LM\uff09\u4e00\u89a7<\/h2>\n<div class=\"cfagl-nav\"><a href=\"#l1-pc-g-lm1\">LM1 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part I<\/a><a href=\"#l1-pc-g-lm2\">LM2 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part II<\/a><a href=\"#l1-pc-g-lm3\">LM3 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981<\/a><a href=\"#l1-pc-g-lm4\">LM4 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8a08\u753b\u3068\u69cb\u7bc9\u306e\u57fa\u790e<\/a><a href=\"#l1-pc-g-lm5\">LM5 \u500b\u4eba\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9<\/a><a href=\"#l1-pc-g-lm6\">LM6 \u30ea\u30b9\u30af\u7ba1\u7406\u5165\u9580<\/a><\/div>\n<h2>Portfolio Construction \u306e\u91cd\u8981\u7528\u8a9e\uff08LM\u5225\uff09<\/h2>\n<h3 id=\"l1-pc-g-lm1\">LM1 Portfolio Risk and Return: Part I\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part I\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm1\/\">LM1 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part I<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Holding Period Return (HPR)<\/div>\n<div class=\"ja\">\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3<\/div>\n<div class=\"df\">\u3042\u3089\u304b\u3058\u3081\u5b9a\u3081\u305f1\u3064\u306e\u4fdd\u6709\u671f\u9593\u306b\u5f97\u3089\u308c\u305f\u30ea\u30bf\u30fc\u30f3\u3002\u671f\u9593\u4e2d\u306e\u4fa1\u683c\u5909\u5316\u3068\u30a4\u30f3\u30ab\u30e0\u306e\u5408\u8a08\u3092\u671f\u9996\u306e\u4fa1\u683c\u3067\u5272\u3063\u3066\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Aversion<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u56de\u907f<\/div>\n<div class=\"df\">\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u304c\u540c\u3058\u306a\u3089\u3001\u3088\u308a\u30ea\u30b9\u30af\u306e\u5c0f\u3055\u3044\u6295\u8cc7\u3092\u9078\u3076\u6295\u8cc7\u5bb6\u306e\u9078\u597d\u3002\u30ea\u30b9\u30af\u3092\u53d6\u308b\u306b\u306f\u3001\u305d\u308c\u306b\u898b\u5408\u3046\u8ffd\u52a0\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Utility Function<\/div>\n<div class=\"ja\">\u52b9\u7528\u95a2\u6570<\/div>\n<div class=\"df\">\u6295\u8cc7\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3068\u30ea\u30b9\u30af\u304b\u3089\u3001\u6295\u8cc7\u5bb6\u304c\u611f\u3058\u308b\u6e80\u8db3\u5ea6\u3092\u6570\u5024\u5316\u3059\u308b\u95a2\u6570\u3002\u5e73\u5747\u5206\u6563\u306e\u67a0\u7d44\u307f\u3067\u306f\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u304b\u3089\u3001\u30ea\u30b9\u30af\u56de\u907f\u4fc2\u6570\u306b\u5fdc\u3058\u305f\u5206\u6563\u306e\u30da\u30ca\u30eb\u30c6\u30a3\u3092\u5dee\u3057\u5f15\u304f\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Indifference Curve<\/div>\n<div class=\"ja\">\u7121\u5dee\u5225\u66f2\u7dda<\/div>\n<div class=\"df\">\u6295\u8cc7\u5bb6\u306b\u540c\u3058\u52b9\u7528\u3092\u3082\u305f\u3089\u3059\u30ea\u30b9\u30af\u3068\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306e\u7d44\u307f\u5408\u308f\u305b\u3092\u7d50\u3093\u3060\u66f2\u7dda\u3002\u30ea\u30b9\u30af\u56de\u907f\u7684\u306a\u6295\u8cc7\u5bb6\u3067\u306f\u53f3\u4e0a\u304c\u308a\u3067\u3001\u30ea\u30b9\u30af\u56de\u907f\u5ea6\u304c\u9ad8\u3044\u307b\u3069\u50be\u304d\u304c\u6025\u306b\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Capital Allocation Line (CAL)<\/div>\n<div class=\"ja\">\u8cc7\u672c\u914d\u5206\u7dda\uff08CAL\uff09<\/div>\n<div class=\"df\">\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u3068\u3042\u308b\u30ea\u30b9\u30af\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u3068\u304d\u306b\u5f97\u3089\u308c\u308b\u3001\u30ea\u30b9\u30af\u3068\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306e\u95a2\u4fc2\u3092\u8868\u3059\u76f4\u7dda\u3002\u50be\u304d\u306f\u305d\u306e\u30ea\u30b9\u30af\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30b7\u30e3\u30fc\u30d7\u30fb\u30ec\u30b7\u30aa\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Correlation Coefficient<\/div>\n<div class=\"ja\">\u76f8\u95a2\u4fc2\u6570<\/div>\n<div class=\"df\">2\u8cc7\u7523\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u9023\u52d5\u306e\u5ea6\u5408\u3044\u3092\u22121\u304b\u3089+1\u306e\u7bc4\u56f2\u3067\u8868\u3059\u6307\u6a19\u3002\u5171\u5206\u6563\u3092\u4e21\u8cc7\u7523\u306e\u6a19\u6e96\u504f\u5dee\u306e\u7a4d\u3067\u5272\u3063\u3066\u6c42\u3081\u3001\u5358\u4f4d\u306b\u4f9d\u5b58\u3057\u306a\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Minimum-Variance Frontier<\/div>\n<div class=\"ja\">\u6700\u5c0f\u5206\u6563\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2<\/div>\n<div class=\"df\">\u5404\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306e\u6c34\u6e96\u3067\u3001\u5206\u6563\uff08\u30ea\u30b9\u30af\uff09\u304c\u6700\u5c0f\u3068\u306a\u308b\u30ea\u30b9\u30af\u8cc7\u7523\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u7d50\u3093\u3060\u66f2\u7dda\u3002\u4e0a\u5074\u306e\u90e8\u5206\u304c\u52b9\u7387\u7684\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Global Minimum-Variance Portfolio<\/div>\n<div class=\"ja\">\u30b0\u30ed\u30fc\u30d0\u30eb\u6700\u5c0f\u5206\u6563\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa<\/div>\n<div class=\"df\">\u6700\u5c0f\u5206\u6563\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u306e\u5de6\u7aef\u306b\u4f4d\u7f6e\u3057\u3001\u3059\u3079\u3066\u306e\u30ea\u30b9\u30af\u8cc7\u7523\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u3067\u5206\u6563\u304c\u6700\u3082\u5c0f\u3055\u3044\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Efficient Frontier<\/div>\n<div class=\"ja\">\u52b9\u7387\u7684\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2<\/div>\n<div class=\"df\">\u6700\u5c0f\u5206\u6563\u30d5\u30ed\u30f3\u30c6\u30a3\u30a2\u306e\u3046\u3061\u3001\u30b0\u30ed\u30fc\u30d0\u30eb\u6700\u5c0f\u5206\u6563\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3088\u308a\u4e0a\u5074\u306e\u90e8\u5206\u3002\u540c\u3058\u30ea\u30b9\u30af\u3067\u6700\u3082\u9ad8\u3044\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u6301\u3064\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u96c6\u5408\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Two-Fund Separation Theorem<\/div>\n<div class=\"ja\">2\u30d5\u30a1\u30f3\u30c9\u5206\u96e2\u5b9a\u7406<\/div>\n<div class=\"df\">\u6295\u8cc7\u5224\u65ad\u3092\u3001\u5168\u6295\u8cc7\u5bb6\u306b\u5171\u901a\u306e\u6700\u9069\u30ea\u30b9\u30af\u30fb\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u6c7a\u5b9a\u3068\u3001\u5404\u6295\u8cc7\u5bb6\u306e\u30ea\u30b9\u30af\u9078\u597d\u306b\u5fdc\u3058\u305f\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u3068\u306e\u914d\u5206\u306e\u6c7a\u5b9a\u306e2\u6bb5\u968e\u306b\u5206\u3051\u3089\u308c\u308b\u3068\u3044\u3046\u8003\u3048\u65b9\u3002<\/div>\n<\/div>\n<h3 id=\"l1-pc-g-lm2\">LM2 Portfolio Risk and Return: Part II\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part II\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm2\/\">LM2 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3 Part II<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Capital Market Line (CML)<\/div>\n<div class=\"ja\">\u8cc7\u672c\u5e02\u5834\u7dda\uff08CML\uff09<\/div>\n<div class=\"df\">\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u3068\u5e02\u5834\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3092\u7d44\u307f\u5408\u308f\u305b\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\u3068\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u306e\u95a2\u4fc2\u3092\u8868\u3059\u76f4\u7dda\u3002\u8cc7\u672c\u914d\u5206\u7dda\u306e\u7279\u6b8a\u306a\u30b1\u30fc\u30b9\u3067\u3001\u50be\u304d\u306f\u5e02\u5834\u306e\u30b7\u30e3\u30fc\u30d7\u30fb\u30ec\u30b7\u30aa\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Systematic Risk<\/div>\n<div class=\"ja\">\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af<\/div>\n<div class=\"df\">\u91d1\u5229\u3001\u666f\u6c17\u3001\u30a4\u30f3\u30d5\u30ec\u306a\u3069\u5e02\u5834\u5168\u4f53\u306b\u5f71\u97ff\u3059\u308b\u8981\u56e0\u304b\u3089\u751f\u3058\u3001\u5206\u6563\u6295\u8cc7\u3067\u306f\u6d88\u305b\u306a\u3044\u30ea\u30b9\u30af\u3002\u5206\u6563\u3067\u6d88\u305b\u308b\u975e\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u3068\u7570\u306a\u308a\u3001\u30ea\u30b9\u30af\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u5bfe\u8c61\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Market Model<\/div>\n<div class=\"ja\">\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30e2\u30c7\u30eb<\/div>\n<div class=\"df\">\u8cc7\u7523\u306e\u30ea\u30bf\u30fc\u30f3\u3092\u3001\u5e02\u5834\u30ea\u30bf\u30fc\u30f3\u306b\u6bd4\u4f8b\u3059\u308b\u90e8\u5206\u3068\u3001\u5207\u7247\uff08\u30a2\u30eb\u30d5\u30a1\uff09\u3001\u500b\u5225\u8981\u56e0\u306b\u3088\u308b\u8aa4\u5dee\u9805\u3067\u8868\u3059\u5358\u4e00\u6307\u6570\u578b\u306e\u30ea\u30bf\u30fc\u30f3\u751f\u6210\u30e2\u30c7\u30eb\u3002\u30d9\u30fc\u30bf\u306e\u63a8\u5b9a\u306a\u3069\u306b\u7528\u3044\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Beta<\/div>\n<div class=\"ja\">\u30d9\u30fc\u30bf<\/div>\n<div class=\"df\">\u5e02\u5834\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u5909\u5316\u306b\u5bfe\u3059\u308b\u8cc7\u7523\u30ea\u30bf\u30fc\u30f3\u306e\u611f\u5fdc\u5ea6\u3067\u3001\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u306e\u5c3a\u5ea6\u3002\u5e02\u5834\u3068\u306e\u5171\u5206\u6563 \u00f7 \u5e02\u5834\u306e\u5206\u6563\u3067\u6c42\u3081\u3001\u5e02\u5834\u306e\u30d9\u30fc\u30bf\u306f1\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Capital Asset Pricing Model (CAPM)<\/div>\n<div class=\"ja\">\u8cc7\u672c\u8cc7\u7523\u4fa1\u683c\u30e2\u30c7\u30eb\uff08CAPM\uff09<\/div>\n<div class=\"df\">\u8cc7\u7523\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u304c\u3001\u7121\u30ea\u30b9\u30af\u91d1\u5229\u306b\u30d9\u30fc\u30bf \u00d7 \u5e02\u5834\u30ea\u30b9\u30af\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\u3092\u52a0\u3048\u305f\u5024\u3067\u6c7a\u307e\u308b\u3068\u3059\u308b\u30e2\u30c7\u30eb\u3002\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u3060\u3051\u304c\u4fa1\u683c\u3065\u3051\u3055\u308c\u308b\u3053\u3068\u3092\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Security Market Line (SML)<\/div>\n<div class=\"ja\">\u8a3c\u5238\u5e02\u5834\u7dda\uff08SML\uff09<\/div>\n<div class=\"df\">CAPM\u3092\u30b0\u30e9\u30d5\u306b\u3057\u305f\u3082\u306e\u3067\u3001\u6a2a\u8ef8\u306b\u30d9\u30fc\u30bf\u3001\u7e26\u8ef8\u306b\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u3068\u3063\u305f\u76f4\u7dda\u3002\u50be\u304d\u306f\u5e02\u5834\u30ea\u30b9\u30af\u30fb\u30d7\u30ec\u30df\u30a2\u30e0\u3067\u3001\u52b9\u7387\u7684\u3067\u306a\u3044\u500b\u5225\u8a3c\u5238\u3092\u542b\u3080\u3059\u3079\u3066\u306e\u8cc7\u7523\u306b\u9069\u7528\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sharpe Ratio<\/div>\n<div class=\"ja\">\u30b7\u30e3\u30fc\u30d7\u30fb\u30ec\u30b7\u30aa<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8d85\u904e\u30ea\u30bf\u30fc\u30f3\uff08\u30ea\u30bf\u30fc\u30f3 \u2212 \u7121\u30ea\u30b9\u30af\u91d1\u5229\uff09\u3092\u6a19\u6e96\u504f\u5dee\u3067\u5272\u3063\u305f\u6307\u6a19\u3002\u7dcf\u30ea\u30b9\u30af1\u5358\u4f4d\u3042\u305f\u308a\u306e\u8d85\u904e\u30ea\u30bf\u30fc\u30f3\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Treynor Ratio<\/div>\n<div class=\"ja\">\u30c8\u30ec\u30a4\u30ca\u30fc\u30fb\u30ec\u30b7\u30aa<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8d85\u904e\u30ea\u30bf\u30fc\u30f3\u3092\u30d9\u30fc\u30bf\u3067\u5272\u3063\u305f\u6307\u6a19\u3002\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af1\u5358\u4f4d\u3042\u305f\u308a\u306e\u8d85\u904e\u30ea\u30bf\u30fc\u30f3\u3092\u8868\u3057\u3001\u5341\u5206\u306b\u5206\u6563\u3055\u308c\u305f\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8a55\u4fa1\u306b\u9069\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">M-Squared (M\u00b2)<\/div>\n<div class=\"ja\">M\u00b2\uff08\u30a8\u30e0\u30fb\u30b9\u30af\u30a8\u30a2\uff09<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u7dcf\u30ea\u30b9\u30af\u3092\u5e02\u5834\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u3068\u540c\u3058\u6c34\u6e96\u306b\u8abf\u6574\u3057\u305f\u5834\u5408\u306e\u30ea\u30bf\u30fc\u30f3\u3002\u5e02\u5834\u30ea\u30bf\u30fc\u30f3\u3068\u306e\u5dee\uff08M\u00b2\u30a2\u30eb\u30d5\u30a1\uff09\u3067\u3001\u30ea\u30b9\u30af\u8abf\u6574\u5f8c\u306e\u8d85\u904e\u6210\u7e3e\u3092\u7387\u3067\u793a\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Jensen&#8217;s Alpha<\/div>\n<div class=\"ja\">\u30b8\u30a7\u30f3\u30bb\u30f3\u306e\u30a2\u30eb\u30d5\u30a1<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u304b\u3089\u3001\u305d\u306e\u30d9\u30fc\u30bf\u306b\u57fa\u3065\u304fCAPM\u306e\u671f\u5f85\u30ea\u30bf\u30fc\u30f3\u3092\u5dee\u3057\u5f15\u3044\u305f\u5024\u3002\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u3092\u8abf\u6574\u3057\u305f\u5f8c\u306e\u8d85\u904e\u30ea\u30bf\u30fc\u30f3\u3092\u8868\u3059\u3002<\/div>\n<\/div>\n<h3 id=\"l1-pc-g-lm3\">LM3 Portfolio Management: An Overview\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm3\/\">LM3 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u306e\u6982\u8981<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Diversification Ratio<\/div>\n<div class=\"ja\">\u5206\u6563\u6bd4\u7387<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30b9\u30af\uff08\u6a19\u6e96\u504f\u5dee\uff09\u3092\u3001\u69cb\u6210\u3059\u308b\u500b\u5225\u8a3c\u5238\u306e\u5e73\u5747\u7684\u306a\u30ea\u30b9\u30af\u3067\u5272\u3063\u305f\u6bd4\u7387\u3002\u5024\u304c\u5c0f\u3055\u3044\u307b\u3069\u5206\u6563\u306b\u3088\u308b\u30ea\u30b9\u30af\u4f4e\u6e1b\u306e\u52b9\u679c\u304c\u5927\u304d\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Investment Policy Statement (IPS)<\/div>\n<div class=\"ja\">\u6295\u8cc7\u65b9\u91dd\u66f8\uff08IPS\uff09<\/div>\n<div class=\"df\">\u9867\u5ba2\u3068\u904b\u7528\u8005\u306e\u9593\u3067\u3001\u6295\u8cc7\u76ee\u7684\uff08\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\uff09\u3068\u5236\u7d04\u3001\u904b\u7528\u306e\u30ac\u30a4\u30c9\u30e9\u30a4\u30f3\u306a\u3069\u3092\u660e\u6587\u5316\u3057\u305f\u6587\u66f8\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u30fb\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d7\u30ed\u30bb\u30b9\u306e\u51fa\u767a\u70b9\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Defined Contribution (DC) Plan<\/div>\n<div class=\"ja\">\u78ba\u5b9a\u62e0\u51fa\u5e74\u91d1<\/div>\n<div class=\"df\">\u62e0\u51fa\u984d\u304c\u3042\u3089\u304b\u3058\u3081\u6c7a\u307e\u308a\u3001\u5c06\u6765\u306e\u7d66\u4ed8\u984d\u306f\u904b\u7528\u6210\u679c\u306b\u4f9d\u5b58\u3059\u308b\u5e74\u91d1\u5236\u5ea6\u3002\u52a0\u5165\u8005\u304c\u904b\u7528\u3092\u9078\u629e\u3057\u3001\u904b\u7528\u30ea\u30b9\u30af\u3092\u8ca0\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Defined Benefit (DB) Plan<\/div>\n<div class=\"ja\">\u78ba\u5b9a\u7d66\u4ed8\u5e74\u91d1<\/div>\n<div class=\"df\">\u5c06\u6765\u306e\u7d66\u4ed8\u984d\u304c\u3042\u3089\u304b\u3058\u3081\u7d04\u675f\u3055\u308c\u3066\u3044\u308b\u5e74\u91d1\u5236\u5ea6\u3002\u30b9\u30dd\u30f3\u30b5\u30fc\u4f01\u696d\u304c\u5e74\u91d1\u8cc7\u7523\u3092\u4e00\u62ec\u3057\u3066\u904b\u7528\u3057\u3001\u7a4d\u7acb\u4e0d\u8db3\u3068\u306a\u308b\u30ea\u30b9\u30af\u3092\u8ca0\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Endowment<\/div>\n<div class=\"ja\">\u30a8\u30f3\u30c0\u30a6\u30e1\u30f3\u30c8\uff08\u57fa\u91d1\uff09<\/div>\n<div class=\"df\">\u5927\u5b66\u3084\u975e\u55b6\u5229\u56e3\u4f53\u306a\u3069\u304c\u9577\u671f\u306b\u308f\u305f\u308a\u4fdd\u6709\u30fb\u904b\u7528\u3059\u308b\u8cc7\u91d1\u3002\u652f\u51fa\u30eb\u30fc\u30eb\u306b\u57fa\u3065\u3044\u3066\u904b\u7528\u76ca\u3092\u6d3b\u52d5\u8cbb\u306b\u5145\u3066\u3001\u6295\u8cc7\u671f\u9593\u304c\u975e\u5e38\u306b\u9577\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Sovereign Wealth Fund<\/div>\n<div class=\"ja\">\u653f\u5e9c\u7cfb\u30d5\u30a1\u30f3\u30c9<\/div>\n<div class=\"df\">\u56fd\u5bb6\u304c\u4fdd\u6709\u30fb\u7ba1\u7406\u3059\u308b\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3002\u8cc7\u6e90\u53ce\u5165\u3084\u5916\u8ca8\u6e96\u5099\u306a\u3069\u3092\u539f\u8cc7\u3068\u3057\u3001\u5c06\u6765\u4e16\u4ee3\u3078\u306e\u8cc7\u7523\u79fb\u8ee2\u3084\u7d4c\u6e08\u306e\u5b89\u5b9a\u5316\u306a\u3069\u76ee\u7684\u306b\u5fdc\u3058\u3066\u9577\u671f\u306e\u904b\u7528\u3092\u884c\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Robo-Adviser<\/div>\n<div class=\"ja\">\u30ed\u30dc\u30fb\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc<\/div>\n<div class=\"df\">\u30aa\u30f3\u30e9\u30a4\u30f3\u4e0a\u3067\u6295\u8cc7\u5bb6\u306e\u60c5\u5831\u3092\u3082\u3068\u306b\u3001\u81ea\u52d5\u5316\u3055\u308c\u305f\u30a2\u30eb\u30b4\u30ea\u30ba\u30e0\u3067\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u63d0\u6848\u3084\u904b\u7528\u3092\u884c\u3046\u4f4e\u30b3\u30b9\u30c8\u306e\u52a9\u8a00\u30b5\u30fc\u30d3\u30b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Open-End Fund<\/div>\n<div class=\"ja\">\u30aa\u30fc\u30d7\u30f3\u30a8\u30f3\u30c9\u578b\u30d5\u30a1\u30f3\u30c9<\/div>\n<div class=\"df\">\u6295\u8cc7\u5bb6\u306e\u6c42\u3081\u306b\u5fdc\u3058\u3066\u3001\u7d14\u8cc7\u7523\u4fa1\u5024\uff08NAV\uff09\u3067\u968f\u6642\u53e3\u6570\u3092\u767a\u884c\u30fb\u89e3\u7d04\u3059\u308b\u6295\u8cc7\u4fe1\u8a17\u3002\u53e3\u6570\u306f\u30d5\u30a1\u30f3\u30c9\u306e\u8cc7\u91d1\u6d41\u51fa\u5165\u306b\u5fdc\u3058\u3066\u5909\u52d5\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Closed-End Fund<\/div>\n<div class=\"ja\">\u30af\u30ed\u30fc\u30ba\u30c9\u30a8\u30f3\u30c9\u578b\u30d5\u30a1\u30f3\u30c9<\/div>\n<div class=\"df\">\u8a2d\u5b9a\u5f8c\u306f\u53e3\u6570\u304c\u56fa\u5b9a\u3055\u308c\u3001\u6295\u8cc7\u5bb6\u540c\u58eb\u304c\u5e02\u5834\u3067\u6301\u5206\u3092\u58f2\u8cb7\u3059\u308b\u6295\u8cc7\u4fe1\u8a17\u3002\u5e02\u5834\u4fa1\u683c\u306f\u7d14\u8cc7\u7523\u4fa1\u5024\uff08NAV\uff09\u304b\u3089\u4e56\u96e2\u3059\u308b\u3053\u3068\u304c\u3042\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Separately Managed Account (SMA)<\/div>\n<div class=\"ja\">\u500b\u5225\u904b\u7528\u53e3\u5ea7\uff08SMA\uff09<\/div>\n<div class=\"df\">\u6295\u8cc7\u5bb6\u3054\u3068\u306b\u958b\u8a2d\u3057\u305f\u53e3\u5ea7\u3067\u3001\u8a3c\u5238\u3092\u6295\u8cc7\u5bb6\u81ea\u8eab\u306e\u540d\u7fa9\u3067\u4fdd\u6709\u3057\u3066\u500b\u5225\u306b\u904b\u7528\u3059\u308b\u5f62\u614b\u3002\u30ab\u30b9\u30bf\u30de\u30a4\u30ba\u3084\u7a0e\u52d9\u7ba1\u7406\u304c\u3057\u3084\u3059\u3044\u4e00\u65b9\u3001\u6700\u4f4e\u6295\u8cc7\u984d\u304c\u9ad8\u3044\u3002<\/div>\n<\/div>\n<h3 id=\"l1-pc-g-lm4\">LM4 Basics of Portfolio Planning and Construction\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8a08\u753b\u3068\u69cb\u7bc9\u306e\u57fa\u790e\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm4\/\">LM4 \u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8a08\u753b\u3068\u69cb\u7bc9\u306e\u57fa\u790e<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Ability to Take Risk<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u3092\u53d6\u308b\u80fd\u529b\uff08\u30ea\u30b9\u30af\u8a31\u5bb9\u80fd\u529b\uff09<\/div>\n<div class=\"df\">\u6295\u8cc7\u671f\u9593\u306e\u9577\u3055\u3001\u8cc7\u7523\u898f\u6a21\u3001\u652f\u51fa\u30cb\u30fc\u30ba\u306b\u5bfe\u3059\u308b\u4f59\u88d5\u3001\u53ce\u5165\u306e\u5b89\u5b9a\u6027\u306a\u3069\u3001\u5ba2\u89b3\u7684\u306a\u72b6\u6cc1\u304b\u3089\u5224\u65ad\u3055\u308c\u308b\u640d\u5931\u306b\u8010\u3048\u3089\u308c\u308b\u5ea6\u5408\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Willingness to Take Risk<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u3092\u53d6\u308b\u610f\u601d<\/div>\n<div class=\"df\">\u6295\u8cc7\u5bb6\u304c\u30ea\u30b9\u30af\u3092\u3069\u306e\u7a0b\u5ea6\u53d7\u3051\u5165\u308c\u305f\u3044\u3068\u8003\u3048\u308b\u304b\u3068\u3044\u3046\u5fc3\u7406\u7684\u306a\u614b\u5ea6\u3002\u8cea\u554f\u7968\u3084\u9762\u8ac7\u3067\u8a55\u4fa1\u3057\u3001\u80fd\u529b\u3068\u98df\u3044\u9055\u3046\u5834\u5408\u306f\u901a\u5e38\u4f4e\u3044\u65b9\u306b\u5408\u308f\u305b\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Investment Constraints<\/div>\n<div class=\"ja\">\u6295\u8cc7\u5236\u7d04<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u8cc7\u7523\u9078\u629e\u3084\u914d\u5206\u3092\u5236\u9650\u3059\u308b\u6761\u4ef6\u3002\u6d41\u52d5\u6027\u3001\u6295\u8cc7\u671f\u9593\u3001\u7a0e\u91d1\u3001\u6cd5\u7684\u30fb\u898f\u5236\u4e0a\u306e\u8981\u56e0\u3001\u56fa\u6709\u306e\u4e8b\u60c5\u306e5\u3064\u306b\u5206\u985e\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Tracking Error<\/div>\n<div class=\"ja\">\u30c8\u30e9\u30c3\u30ad\u30f3\u30b0\u30fb\u30a8\u30e9\u30fc<\/div>\n<div class=\"df\">\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u30ea\u30bf\u30fc\u30f3\u3068\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u5dee\uff08\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30bf\u30fc\u30f3\uff09\u306e\u6a19\u6e96\u504f\u5dee\u3002\u30d9\u30f3\u30c1\u30de\u30fc\u30af\u306b\u5bfe\u3059\u308b\u76f8\u5bfe\u7684\u306a\u30ea\u30b9\u30af\u76ee\u6a19\u3068\u3057\u3066\u7528\u3044\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Asset Class<\/div>\n<div class=\"ja\">\u8cc7\u7523\u30af\u30e9\u30b9<\/div>\n<div class=\"df\">\u7279\u5fb4\u3084\u30ea\u30b9\u30af\u30fb\u30ea\u30bf\u30fc\u30f3\u306e\u95a2\u4fc2\u304c\u4f3c\u305f\u8cc7\u7523\u306e\u307e\u3068\u307e\u308a\u3067\u3001\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u306e\u69cb\u6210\u5358\u4f4d\u3002\u30af\u30e9\u30b9\u5185\u3067\u306f\u76f8\u95a2\u304c\u9ad8\u304f\u3001\u30af\u30e9\u30b9\u9593\u3067\u306f\u76f8\u95a2\u304c\u4f4e\u304f\u306a\u308b\u3088\u3046\u5b9a\u7fa9\u3059\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Strategic Asset Allocation (SAA)<\/div>\n<div class=\"ja\">\u6226\u7565\u7684\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3<\/div>\n<div class=\"df\">IPS\u306e\u76ee\u7684\u30fb\u5236\u7d04\u3068\u8cc7\u7523\u30af\u30e9\u30b9\u306e\u8cc7\u672c\u5e02\u5834\u4e88\u60f3\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u6c7a\u3081\u308b\u9577\u671f\u7684\u306a\u76ee\u6a19\u8cc7\u7523\u914d\u5206\u3002\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u304c\u8ca0\u3046\u30b7\u30b9\u30c6\u30de\u30c6\u30a3\u30c3\u30af\u30fb\u30ea\u30b9\u30af\u3092\u5b9a\u3081\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Tactical Asset Allocation (TAA)<\/div>\n<div class=\"ja\">\u6226\u8853\u7684\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3<\/div>\n<div class=\"df\">\u77ed\u671f\u7684\u306a\u5e02\u5834\u898b\u901a\u3057\u306b\u57fa\u3065\u304d\u3001\u6226\u7565\u7684\u30a2\u30bb\u30c3\u30c8\u30fb\u30a2\u30ed\u30b1\u30fc\u30b7\u30e7\u30f3\u304b\u3089\u610f\u56f3\u7684\u306b\u914d\u5206\u3092\u4e56\u96e2\u3055\u305b\u308b\u3053\u3068\u3002\u30a2\u30af\u30c6\u30a3\u30d6\u30fb\u30ea\u30b9\u30af\u3068\u3057\u3066\u7ba1\u7406\u3055\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Negative Screening<\/div>\n<div class=\"ja\">\u30cd\u30ac\u30c6\u30a3\u30d6\u30fb\u30b9\u30af\u30ea\u30fc\u30cb\u30f3\u30b0<\/div>\n<div class=\"df\">ESG\u306e\u89b3\u70b9\u306a\u3069\u304b\u3089\u3001\u7279\u5b9a\u306e\u4f01\u696d\u30fb\u696d\u7a2e\u30fb\u56fd\u3092\u6295\u8cc7\u5bfe\u8c61\u304b\u3089\u9664\u5916\u3059\u308b\u624b\u6cd5\u3002\u9664\u5916\u306e\u57fa\u6e96\u306b\u306f\u4e8b\u696d\u5185\u5bb9\u3084\u884c\u52d5\u898f\u7bc4\u3078\u306e\u62b5\u89e6\u306a\u3069\u304c\u7528\u3044\u3089\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">ESG Integration<\/div>\n<div class=\"ja\">ESG\u30a4\u30f3\u30c6\u30b0\u30ec\u30fc\u30b7\u30e7\u30f3<\/div>\n<div class=\"df\">\u74b0\u5883\u30fb\u793e\u4f1a\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9\u306e\u8981\u56e0\u3092\u3001\u5f93\u6765\u306e\u8ca1\u52d9\u5206\u6790\u3084\u6295\u8cc7\u5224\u65ad\u306e\u904e\u7a0b\u306b\u4f53\u7cfb\u7684\u306b\u7d44\u307f\u8fbc\u3080\u624b\u6cd5\u3002\u30ea\u30b9\u30af\u3068\u6a5f\u4f1a\u306e\u8a55\u4fa1\u3092\u88dc\u5b8c\u3059\u308b\u76ee\u7684\u3067\u884c\u3046\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Impact Investing<\/div>\n<div class=\"ja\">\u30a4\u30f3\u30d1\u30af\u30c8\u6295\u8cc7<\/div>\n<div class=\"df\">\u8ca1\u52d9\u7684\u306a\u30ea\u30bf\u30fc\u30f3\u3068\u3068\u3082\u306b\u3001\u6e2c\u5b9a\u53ef\u80fd\u306a\u793e\u4f1a\u30fb\u74b0\u5883\u9762\u306e\u826f\u3044\u52b9\u679c\u3092\u751f\u3080\u3053\u3068\u3092\u76ee\u7684\u3068\u3059\u308b\u6295\u8cc7\u3002\u52b9\u679c\u306e\u6e2c\u5b9a\u3068\u5831\u544a\u304c\u524d\u63d0\u3068\u306a\u308b\u70b9\u3067\u30c6\u30fc\u30de\u6295\u8cc7\u3068\u7570\u306a\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-pc-g-lm5\">LM5 The Behavioral Biases of Individuals\uff08\u500b\u4eba\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm5\/\">LM5 \u500b\u4eba\u306e\u884c\u52d5\u30d0\u30a4\u30a2\u30b9<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Cognitive Error<\/div>\n<div class=\"ja\">\u8a8d\u77e5\u7684\u8aa4\u308a<\/div>\n<div class=\"df\">\u7d71\u8a08\u30fb\u60c5\u5831\u51e6\u7406\u30fb\u8a18\u61b6\u306e\u8aa4\u308a\u306a\u3069\u3001\u63a8\u8ad6\u306e\u8aa4\u308a\u304b\u3089\u751f\u3058\u308b\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002\u4fe1\u5ff5\u3078\u306e\u56fa\u57f7\u30d0\u30a4\u30a2\u30b9\u3068\u60c5\u5831\u51e6\u7406\u30d0\u30a4\u30a2\u30b9\u306b\u5206\u304b\u308c\u3001\u60c5\u5831\u3084\u6559\u80b2\u3067\u4fee\u6b63\u3057\u3084\u3059\u3044\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Emotional Bias<\/div>\n<div class=\"ja\">\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u885d\u52d5\u3084\u76f4\u611f\u306a\u3069\u611f\u60c5\u306b\u5f71\u97ff\u3055\u308c\u305f\u63a8\u8ad6\u304b\u3089\u751f\u3058\u308b\u884c\u52d5\u30d0\u30a4\u30a2\u30b9\u3002\u4fee\u6b63\u304c\u96e3\u3057\u3044\u305f\u3081\u3001\u53d7\u3051\u5165\u308c\u3066\u610f\u601d\u6c7a\u5b9a\u3092\u9069\u5fdc\u3055\u305b\u308b\u5bfe\u5fdc\u304c\u4e2d\u5fc3\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Conservatism Bias<\/div>\n<div class=\"ja\">\u4fdd\u5b88\u6027\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u5f53\u521d\u306e\u898b\u65b9\u3084\u4e88\u60f3\u306b\u56fa\u57f7\u3057\u3001\u65b0\u3057\u3044\u60c5\u5831\u304c\u5f97\u3089\u308c\u3066\u3082\u898b\u65b9\u3092\u5341\u5206\u306b\u66f4\u65b0\u3057\u306a\u3044\u8a8d\u77e5\u7684\u8aa4\u308a\u3002\u4fe1\u5ff5\u3078\u306e\u56fa\u57f7\u30d0\u30a4\u30a2\u30b9\u306e\u4e00\u3064\u3067\u3001\u65b0\u60c5\u5831\u3078\u306e\u53cd\u5fdc\u304c\u9045\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Confirmation Bias<\/div>\n<div class=\"ja\">\u78ba\u8a3c\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u81ea\u5206\u306e\u8003\u3048\u3092\u652f\u6301\u3059\u308b\u60c5\u5831\u3070\u304b\u308a\u306b\u6ce8\u76ee\u3057\u3001\u53cd\u3059\u308b\u60c5\u5831\u3092\u8efd\u8996\u30fb\u7121\u8996\u3059\u308b\u8a8d\u77e5\u7684\u8aa4\u308a\u3002\u7279\u5b9a\u306e\u9298\u67c4\u3078\u306e\u96c6\u4e2d\u306a\u3069\u306b\u3064\u306a\u304c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Representativeness Bias<\/div>\n<div class=\"ja\">\u4ee3\u8868\u6027\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u5c11\u6570\u306e\u7279\u5fb4\u3060\u3051\u3067\u7269\u4e8b\u3092\u65e2\u5b58\u306e\u985e\u578b\u306b\u5f53\u3066\u306f\u3081\u3066\u5224\u65ad\u3059\u308b\u8a8d\u77e5\u7684\u8aa4\u308a\u3002\u57fa\u6e96\u7387\u306e\u7121\u8996\u3084\u30b5\u30f3\u30d7\u30eb\u30fb\u30b5\u30a4\u30ba\u306e\u7121\u8996\u304c\u542b\u307e\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Anchoring and Adjustment Bias<\/div>\n<div class=\"ja\">\u30a2\u30f3\u30ab\u30ea\u30f3\u30b0\u3068\u8abf\u6574\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u6700\u521d\u306b\u4e0e\u3048\u3089\u308c\u305f\u6570\u5024\u3084\u60c5\u5831\uff08\u30a2\u30f3\u30ab\u30fc\uff09\u3092\u8d77\u70b9\u306b\u5224\u65ad\u3057\u3001\u305d\u306e\u5f8c\u306e\u8abf\u6574\u304c\u4e0d\u5341\u5206\u3068\u306a\u308b\u60c5\u5831\u51e6\u7406\u4e0a\u306e\u8a8d\u77e5\u7684\u8aa4\u308a\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Mental Accounting Bias<\/div>\n<div class=\"ja\">\u5fc3\u306e\u4f1a\u8a08\uff08\u30e1\u30f3\u30bf\u30eb\u30fb\u30a2\u30ab\u30a6\u30f3\u30c6\u30a3\u30f3\u30b0\uff09<\/div>\n<div class=\"df\">\u304a\u91d1\u3092\u51fa\u6240\u3084\u7528\u9014\u306b\u3088\u3063\u3066\u5225\u3005\u306e\u52d8\u5b9a\u306b\u5206\u3051\u3066\u6271\u3044\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u3068\u3057\u3066\u5224\u65ad\u3057\u306a\u3044\u8a8d\u77e5\u7684\u8aa4\u308a\u3002\u8cc7\u7523\u9593\u306e\u76f8\u95a2\u304c\u8003\u616e\u3055\u308c\u306b\u304f\u304f\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Framing Bias<\/div>\n<div class=\"ja\">\u30d5\u30ec\u30fc\u30df\u30f3\u30b0\u30fb\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u540c\u3058\u5185\u5bb9\u3067\u3082\u3001\u5229\u76ca\u3068\u640d\u5931\u306e\u3069\u3061\u3089\u306e\u5074\u9762\u304b\u3089\u63d0\u793a\u3055\u308c\u308b\u304b\u306a\u3069\u3001\u554f\u984c\u306e\u793a\u3055\u308c\u65b9\u306b\u3088\u3063\u3066\u5224\u65ad\u304c\u5909\u308f\u308b\u8a8d\u77e5\u7684\u8aa4\u308a\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Loss Aversion Bias<\/div>\n<div class=\"ja\">\u640d\u5931\u56de\u907f\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u540c\u3058\u984d\u306e\u5229\u76ca\u3088\u308a\u640d\u5931\u3092\u5f37\u304f\u5acc\u3046\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u3002\u542b\u307f\u640d\u306e\u8cc7\u7523\u3092\u6301\u3061\u7d9a\u3051\u3001\u542b\u307f\u76ca\u306e\u8cc7\u7523\u3092\u65e9\u304f\u58f2\u308b\u30c7\u30a3\u30b9\u30dd\u30b8\u30b7\u30e7\u30f3\u52b9\u679c\u306b\u3064\u306a\u304c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Overconfidence Bias<\/div>\n<div class=\"ja\">\u81ea\u4fe1\u904e\u5270\u30d0\u30a4\u30a2\u30b9<\/div>\n<div class=\"df\">\u81ea\u5206\u306e\u80fd\u529b\u3084\u60c5\u5831\u306e\u7cbe\u5ea6\u3092\u904e\u5927\u8a55\u4fa1\u3059\u308b\u611f\u60c5\u7684\u30d0\u30a4\u30a2\u30b9\u3002\u30ea\u30b9\u30af\u306e\u904e\u5c0f\u8a55\u4fa1\u3001\u904e\u5270\u306a\u58f2\u8cb7\u3001\u5206\u6563\u4e0d\u8db3\u306b\u3064\u306a\u304c\u308b\u3002<\/div>\n<\/div>\n<h3 id=\"l1-pc-g-lm6\">LM6 Introduction to Risk Management\uff08\u30ea\u30b9\u30af\u7ba1\u7406\u5165\u9580\uff09<\/h3>\n<div class=\"cfagl-lm\">\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u89e3\u8aac\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-pc-lm6\/\">LM6 \u30ea\u30b9\u30af\u7ba1\u7406\u5165\u9580<\/a><\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Management<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u7ba1\u7406<\/div>\n<div class=\"df\">\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u3092\u5b9a\u3081\u3001\u8ca0\u3063\u3066\u3044\u308b\u30ea\u30b9\u30af\u3092\u7279\u5b9a\u30fb\u6e2c\u5b9a\u30fb\u76e3\u8996\u3057\u3001\u8a31\u5bb9\u5ea6\u306b\u5408\u3046\u3088\u3046\u8abf\u6574\u3059\u308b\u30d7\u30ed\u30bb\u30b9\u3002\u30ea\u30b9\u30af\u3092\u907f\u3051\u308b\u3053\u3068\u3067\u306f\u306a\u304f\u3001\u3069\u306e\u30ea\u30b9\u30af\u3092\u3069\u308c\u3060\u3051\u53d6\u308b\u304b\u3092\u9078\u3076\u3053\u3068\u304c\u76ee\u7684\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Governance<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u30fb\u30ac\u30d0\u30ca\u30f3\u30b9<\/div>\n<div class=\"df\">\u53d6\u7de0\u5f79\u4f1a\u306a\u3069\u7d44\u7e54\u306e\u6700\u4e0a\u4f4d\u304c\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u65b9\u5411\u6027\u3092\u5b9a\u3081\u3001\u76e3\u7763\u3059\u308b\u4ed5\u7d44\u307f\u3002\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u306e\u627f\u8a8d\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u59d4\u54e1\u4f1a\u3084CRO\u306e\u8a2d\u7f6e\u306a\u3069\u3092\u542b\u3080\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Tolerance<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6<\/div>\n<div class=\"df\">\u7d44\u7e54\u3084\u500b\u4eba\u304c\u76ee\u6a19\u3092\u8ffd\u6c42\u3059\u308b\u4e2d\u3067\u53d7\u3051\u5165\u308c\u308b\u30ea\u30b9\u30af\u306e\u7a2e\u985e\u3068\u91cf\u3002\u5185\u90e8\u8981\u56e0\u3068\u5916\u90e8\u8981\u56e0\u306e\u4e21\u9762\u304b\u3089\u6c7a\u307e\u308a\u3001\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u57fa\u6e96\u3068\u306a\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Budgeting<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u30fb\u30d0\u30b8\u30a7\u30c3\u30c8<\/div>\n<div class=\"df\">\u30ea\u30b9\u30af\u8a31\u5bb9\u5ea6\u306e\u7bc4\u56f2\u5185\u3067\u3001\u30ea\u30b9\u30af\u3068\u3044\u3046\u9650\u3089\u308c\u305f\u8cc7\u6e90\u3092\u4e8b\u696d\u30fb\u8cc7\u7523\u30af\u30e9\u30b9\u30fb\u904b\u7528\u8005\u306a\u3069\u306b\u914d\u5206\u3059\u308b\u624b\u6cd5\u3002VaR\u3084\u30c8\u30e9\u30c3\u30ad\u30f3\u30b0\u30fb\u30a8\u30e9\u30fc\u306a\u3069\u3067\u7dcf\u91cf\u3092\u6e2c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Enterprise Risk Management (ERM)<\/div>\n<div class=\"ja\">\u5168\u793e\u7684\u30ea\u30b9\u30af\u7ba1\u7406\uff08ERM\uff09<\/div>\n<div class=\"df\">\u4e8b\u696d\u90e8\u9580\u3054\u3068\u3067\u306f\u306a\u304f\u3001\u7d44\u7e54\u5168\u4f53\u306e\u8996\u70b9\u3067\u30ea\u30b9\u30af\u3092\u4e00\u5143\u7684\u306b\u628a\u63e1\u30fb\u7ba1\u7406\u3057\u3001\u7d44\u7e54\u306e\u4fa1\u5024\u6700\u5927\u5316\u3092\u56f3\u308b\u30ea\u30b9\u30af\u7ba1\u7406\u306e\u8003\u3048\u65b9\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Operational Risk<\/div>\n<div class=\"ja\">\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30ca\u30eb\u30fb\u30ea\u30b9\u30af<\/div>\n<div class=\"df\">\u4eba\u30fb\u30b7\u30b9\u30c6\u30e0\u30fb\u5185\u90e8\u30d7\u30ed\u30bb\u30b9\u306e\u4e0d\u5099\u3084\u3001\u5916\u90e8\u306e\u51fa\u6765\u4e8b\u304b\u3089\u640d\u5931\u304c\u751f\u3058\u308b\u30ea\u30b9\u30af\u3002\u30b5\u30a4\u30d0\u30fc\u653b\u6483\u3084\u4e0d\u6b63\u3001\u4e8b\u52d9\u30df\u30b9\u306a\u3069\u3092\u542b\u3080\u975e\u91d1\u878d\u30ea\u30b9\u30af\u306e\u4ee3\u8868\u4f8b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Solvency Risk<\/div>\n<div class=\"ja\">\u30bd\u30eb\u30d9\u30f3\u30b7\u30fc\u30fb\u30ea\u30b9\u30af<\/div>\n<div class=\"df\">\u8cc7\u91d1\u304c\u5c3d\u304d\u3066\u4e8b\u696d\u3092\u7d99\u7d9a\u3067\u304d\u306a\u304f\u306a\u308b\u30ea\u30b9\u30af\u3002\u8cc7\u7523\u4fa1\u5024\u304c\u5341\u5206\u3067\u3082\u3001\u8cc7\u91d1\u8abf\u9054\u306e\u9014\u7d76\u306a\u3069\u3067\u652f\u6255\u3044\u304c\u3067\u304d\u306a\u304f\u306a\u308b\u5834\u5408\u3092\u542b\u3080\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Value at Risk (VaR)<\/div>\n<div class=\"ja\">\u30d0\u30ea\u30e5\u30fc\u30fb\u30a2\u30c3\u30c8\u30fb\u30ea\u30b9\u30af\uff08VaR\uff09<\/div>\n<div class=\"df\">\u4e00\u5b9a\u306e\u671f\u9593\u3068\u78ba\u7387\u6c34\u6e96\u306e\u3082\u3068\u3067\u3001\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306b\u751f\u3058\u5f97\u308b\u6700\u5c0f\u640d\u5931\u984d\u306e\u63a8\u5b9a\u5024\u3002\u4f8b\u3048\u30705\uff05\u306e\u78ba\u7387\u3067\u305d\u308c\u4ee5\u4e0a\u306e\u640d\u5931\u304c\u751f\u3058\u308b\u91d1\u984d\u3068\u3057\u3066\u8868\u3059\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Conditional VaR (CVaR)<\/div>\n<div class=\"ja\">\u6761\u4ef6\u4ed8VaR\uff08CVaR\uff09<\/div>\n<div class=\"df\">\u640d\u5931\u304cVaR\u3092\u8d85\u3048\u305f\u5834\u5408\u306e\u5e73\u5747\u640d\u5931\u984d\u3002VaR\u3067\u306f\u6349\u3048\u3089\u308c\u306a\u3044\u30c6\u30fc\u30eb\u90e8\u5206\u306e\u640d\u5931\u306e\u5927\u304d\u3055\u3092\u793a\u3059\u3002\u671f\u5f85\u30b7\u30e7\u30fc\u30c8\u30d5\u30a9\u30fc\u30eb\u3068\u3082\u547c\u3070\u308c\u308b\u3002<\/div>\n<\/div>\n<div class=\"cfagl-t\">\n<div class=\"en\">Risk Shifting<\/div>\n<div class=\"ja\">\u30ea\u30b9\u30af\u30fb\u30b7\u30d5\u30c8<\/div>\n<div class=\"df\">\u30c7\u30ea\u30d0\u30c6\u30a3\u30d6\u306a\u3069\u3092\u7528\u3044\u3066\u3001\u30ea\u30b9\u30af\u306e\u5206\u5e03\uff08\u640d\u76ca\u306e\u5f62\uff09\u3092\u5909\u3048\u308b\u30ea\u30b9\u30af\u8abf\u6574\u306e\u65b9\u6cd5\u3002\u4fdd\u967a\u306b\u3088\u308b\u30ea\u30b9\u30af\u79fb\u8ee2\u3001\u4e88\u9632\u3068\u56de\u907f\u3001\u81ea\u5bb6\u4fdd\u967a\u3068\u4e26\u3076\u624b\u6bb5\u306e\u4e00\u3064\u3002<\/div>\n<\/div>\n<h2>\u3042\u308f\u305b\u3066\u4f7f\u3044\u305f\u3044\u30da\u30fc\u30b8<\/h2>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/24\/cfa-l1-pc-formulas\/\">CFA\u00ae\ufe0e Level 1 Portfolio Construction \u516c\u5f0f\u96c6\uff08\u8a18\u53f7\u306e\u610f\u5473\u3068\u4f7f\u3044\u3069\u3053\u308d\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-level1-glossary\/\">CFA\u00ae\ufe0e Level 1 \u7528\u8a9e\u96c6\uff08\u5168\u79d1\u76ee\u306e\u4e00\u89a7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-pc\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Portfolio Construction\uff09<\/a><\/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\u3001\u7528\u8a9e\u3084\u516c\u5f0f\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\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \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<li><a href=\"https:\/\/triumphmind.com\/cfa\/secret_source\/\" target=\"_blank\" rel=\"noopener\">Level 1 Leveraged Support Course\uff08\u7528\u8a9e\u96c6\u30fb\u516c\u5f0f\u96c6\u306e\u6574\u7406\u8cc7\u6599\u3064\u304d\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Portfolio Construction\uff08\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u69cb\u7bc9\uff09\u306e\u91cd\u8981\u7528\u8a9e60\u8a9e\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306e\u5358\u5143\uff08LM\uff09\u5225\u306b\u3001\u82f1\u8a9e\u30fb\u65e5\u672c\u8a9e\u8a33\u30fb\u610f\u5473\u306e3\u70b9\u30bb\u30c3\u30c8\u3067\u6574\u7406\u3057\u305f\u7528\u8a9e\u96c6\u3067\u3059\u3002<\/p>\n","protected":false},"author":1,"featured_media":11584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[101],"tags":[],"class_list":["post-11422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-glossary"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11422","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=11422"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11422\/revisions"}],"predecessor-version":[{"id":11543,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/11422\/revisions\/11543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11584"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=11422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=11422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=11422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}