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Smarshy, CFA August 2009 Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - * - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - * - 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - *

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - - * 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - - * 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - *

August 2009 ******* Scouser_in_HongKong Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 * - - 4 Portfolio Management - Institutional 11 - * - 5 Economics 19 - - * 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 - - * 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - * - - Economics 18 * - - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 * - - - Portfolio Management - Individual 18 - * - Read information on obtaining your charter

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 * - - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - - * 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 * - - 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 - * - 10 Portfolio Management - Monitor&Rebalance 15 * - - 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 * - - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - * -

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 * - - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - *

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - * - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 * - - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 * - - - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - * -

zach1gobucks Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - * - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 * - - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 * - - 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - * - - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - *

Woohoo!! However, I am now highly unethical. Looks like everyone had a hard time with ethics this year… Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - - * 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - - * 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 * - - - Equity Investments 36 - - * - Ethical & Professional Standards 36 * - - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - * - Way to go cfasf1!!!

PASSED…Thank God.

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - * - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - - * 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - *

Well done plyon - seems like you were one section off the perfect game!

I Passed. Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 * - - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - * - - Portfolio Management - Individual 18 - - *

Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - - * 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - - * 6 Portfolio Management - Asset Allocation 10 * - - 7 Equity Investments 17 - - * 8 Alternative Investments 15 - * - 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - * - 11 Portfolio Management – Performance Eval. 18 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - * - - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - *

as promised I am posting my results with being unable to swallow my own saliva right now and against my plan of not checking till evening…but Fail with band 10

I failed, but expected it. Congrats to those who passed.

I am slighly peved I didn’t get 70% or more in professional standards. I thought I got every one right. I am very proud that I spend the last hour of the exam at churchill downs drinking a tall boy in the sun and still got the P. Good luck next year to all the retakers. 49% pass right is pretty rough. August 2009 2259115 Eric J Mikulaninec Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 * - - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 * - - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 * - - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 - * - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - * - - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - *

fail again…

not one person passed question 2 on the morning session (myself included).

Finally!!! 11 years in the making: Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - - * 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - * - 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 - - * 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 - * - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - - * Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - * - - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - - * Congratulations to all who passed. For those who didn’t, hang in there. I am proof that you can get it done if you stick with it.

August 2009 doworkson Level 3: Pass The table below illustrates your subject matter strengths and weaknesses. The three columns on the right are marked with asterisks to indicate your performance on each question or topic area. Essay Q# Topic Max Pts <=50% 51%-70% >70% 1 Portfolio Management - Individual 26 - * - 2 Portfolio Management - Individual 9 * - - 3 Portfolio Management - Institutional 24 - * - 4 Portfolio Management - Institutional 11 - - * 5 Economics 19 - - * 6 Portfolio Management - Asset Allocation 10 - - * 7 Equity Investments 17 * - - 8 Alternative Investments 15 - - * 9 Portfolio Management - Risk Management 16 * - - 10 Portfolio Management - Monitor&Rebalance 15 - - * 11 Portfolio Management – Performance Eval. 18 - * - Item Set Q# Topic Max Pts <=50% 51%-70% >70% - Derivatives 18 - - * - Economics 18 - - * - Equity Investments 36 - - * - Ethical & Professional Standards 36 - - * - Fixed Income Investments 36 - - * - Portfolio Management 18 - - * - Portfolio Management - Individual 18 - * - 3/3, did work son! Except on the essay, but who gives a f*#$?!