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Annual Reports and 990s | CFA Institute

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-webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: align-text-left; margin-right: initial; margin-left: initial; width: 100%; max-width: 100%;}.border.ssa-instance-1d00787313b5a42956e4ca9f91693be4.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-1d00787313b5a42956e4ca9f91693be4.coh-ce-cpt_text-ccc8ea09 { text-align: align-text-left; display: inline-block;}</style> <style>.ssa-instance-093ed52f5460c3df2ba45fdb9a2e4097.coh-ce-cpt_text-e4a5f5e1 { -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: align-text-left; margin-right: initial; margin-left: initial; width: 100%; max-width: 100%;}.border.ssa-instance-093ed52f5460c3df2ba45fdb9a2e4097.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-093ed52f5460c3df2ba45fdb9a2e4097.coh-ce-cpt_text-ccc8ea09 { text-align: align-text-left; display: inline-block;}</style> 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z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-9bea6008000e49fdde117ae3cf7cc9f4.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-9bea6008000e49fdde117ae3cf7cc9f4.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 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text-align: left;}.align-text-center.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { text-align: center;}.align-text-right.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { text-align: right;}.certify-heading.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.learn-heading.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 187, 255);}.network-heading.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(245, 202, 39);}.insights-heading.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(122, 70, 255);}.underline--emphatic.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { position: relative;}.underline--emphatic.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc:after { content: ""; height: 0.425rem; width: 3.45rem; position: absolute; bottom: -1rem; left: 0;}.royal-heading.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(89, 73, 167);}.italic.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { font-style: italic;}.card-eyebrow.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-weight: 500; font-size: 0.875rem; line-height: 0.875rem; text-align: left; color: rgb(65, 67, 70);}.card-eyebrow-brand.ssa-instance-19ad88d7308fa2966ee37d74cbf570c1.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255); font-weight: 500; font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-size: 1rem; line-height: 1rem; text-align: left;}</style> <style>.ssa-instance-2335452aaa82eea644b91c9dbc97d2c8.coh-ce-cpt_divider-1695481c { height: 2px; margin-top: 32px; margin-bottom: 32px; background-color: rgba(230, 230, 230, 1);}.new-style.ssa-instance-2335452aaa82eea644b91c9dbc97d2c8.coh-ce-cpt_divider-1695481c { background-color: rgb(230, 230, 230);}</style> <style>.ssa-instance-82e94941dff34d16b067aaaf3c9eccd3.coh-ce-cpt_text-e4a5f5e1 { -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: left; margin-right: initial; margin-left: initial; width: 100%; max-width: 100%;}.border.ssa-instance-82e94941dff34d16b067aaaf3c9eccd3.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-82e94941dff34d16b067aaaf3c9eccd3.coh-ce-cpt_text-ccc8ea09 { text-align: left; display: inline-block;}</style> <style>.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 { background-color: rgba(6, 0, 90, 1); position: relative;}.gradient.gradient--light.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 { --cfa-bg-gradient: linear-gradient(90deg, rgba(255, 255, 255, 0.80) 44.51%, rgba(255, 255, 255, 0.00) 99.32%);}@media (max-width: 599px) { .gradient.gradient--light.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 { --cfa-bg-gradient: linear-gradient(180deg, rgba(255, 255, 255, 0.00) 0%, rgba(255, 255, 255, 0.80) 35%, #FFF 100%); }}.gradient.gradient--dark.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 { --cfa-bg-gradient: linear-gradient(90deg, rgba(0, 0, 0, .8) 0%, rgba(0, 0, 0, 0) 100%);}@media (max-width: 599px) { .gradient.gradient--dark.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 { --cfa-bg-gradient: linear-gradient(180deg, rgba(0, 0, 0, 0.00) 0%, rgba(0, 0, 0, 0.80) 35%, #000 100%); }}.gradient.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-row-inner .coh-column:nth-of-type(2) { top: 0; left: 0; position: absolute; height: 100%; width: 100%; max-width: unset; -webkit-flex-basis: 100%; -ms-flex-preferred-size: 100%; flex-basis: 100%; -webkit-box-ordinal-group: 1; -webkit-order: 0; -ms-flex-order: 0; order: 0;}.gradient.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-row-inner .coh-column:nth-of-type(2):after { position: absolute; top: 0; left: 0; height: 100%; width: 100%; content: " "; background-image: var(--cfa-bg-gradient);}@media (max-width: 1197px) { .gradient.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-row-inner .coh-column:nth-of-type(2):after { width: 120vw; left: -10vw; }}.gradient.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-row-inner .coh-column:nth-of-type(2) .coh-image { -webkit-clip-path: none; clip-path: none; width: 100%;}.gradient.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-row-inner .coh-column:nth-of-type(1) { -webkit-box-ordinal-group: 2; -webkit-order: 1; -ms-flex-order: 1; order: 1;}.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-column:nth-of-type(2) { padding-right: 0; padding-left: 0; overflow: clip; margin-right: -0.75rem;}@media (max-width: 599px) { .ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-column:nth-of-type(2) { height: 93vw; position: absolute; top: 0; left: 0; margin-right: 0; }}.ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-column:nth-of-type(1) { padding-right: 2rem; z-index: 9;}@media (max-width: 899px) { .ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-column:nth-of-type(1) { padding-right: revert; }}@media (max-width: 599px) { .ssa-instance-7d46eafbec924c07e82915b84ba7d05f.coh-ce-cpt_hero_banner-e2ec4263 .coh-column:nth-of-type(1) { padding-top: 93vw; }}</style> <style>.ssa-instance-1d8650d3697162ec283ed373f8235f80.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 899px) { .ssa-instance-1d8650d3697162ec283ed373f8235f80.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-1d8650d3697162ec283ed373f8235f80.coh-ce-cpt_2_column_layout-228dfee8 { background-position: center top; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.ssa-instance-1d8650d3697162ec283ed373f8235f80.coh-ce-cpt_2_column_layout-8364854d { -webkit-box-pack: space-between; -webkit-justify-content: space-between; -ms-flex-pack: space-between; justify-content: space-between; min-height: 30rem; row-gap: 2.5rem;}@media (max-width: 899px) { .ssa-instance-1d8650d3697162ec283ed373f8235f80.coh-ce-cpt_2_column_layout-8364854d { min-height: auto; }}@media (max-width: 599px) { 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background-size: cover; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { }}@media (max-width: 899px) { .ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { padding-top: 2rem; padding-bottom: 2rem; background-size: cover; background-attachment: scroll; }}.image-no-overlay.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: 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scroll;}.border.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-attachment: scroll, scroll;}@media (max-width: 899px) { 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100%), none; background-size: auto, cover; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; 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background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-6dfbedbd163b89b16bd0fffc230a8929.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-a888fe3329c859295dad2a72c5d503d6.coh-ce-cpt_text-e4a5f5e1 { -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; text-align: align-text-left; width: 100%;}.border.ssa-instance-a888fe3329c859295dad2a72c5d503d6.coh-ce-cpt_text-e4a5f5e1 { border-width: 0.0625rem; border-style: solid;}.ssa-instance-a888fe3329c859295dad2a72c5d503d6.coh-ce-cpt_text-ccc8ea09 { text-align: align-text-left; display: inline-block;}</style> <style>.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { margin-right: initial; margin-left: initial; max-width: 100%; width: 100%; min-width: 0;}.cta-eyebrow-brand.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.dark-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 0, 0);}.light-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(255, 255, 255);}.color-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.align-text-left.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { text-align: left;}.align-text-center.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { text-align: center;}.align-text-right.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { text-align: right;}.certify-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255);}.learn-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(0, 187, 255);}.network-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(245, 202, 39);}.insights-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(122, 70, 255);}.underline--emphatic.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { position: relative;}.underline--emphatic.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc:after { content: ""; height: 0.425rem; width: 3.45rem; position: absolute; bottom: -1rem; left: 0;}.royal-heading.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(89, 73, 167);}.italic.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { font-style: italic;}.card-eyebrow.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-weight: 500; font-size: 0.875rem; line-height: 0.875rem; text-align: left; color: rgb(65, 67, 70);}.card-eyebrow-brand.ssa-instance-e15a282762aa04870cc62754723f314b.coh-ce-cpt_heading-b45c50fc { color: rgb(51, 106, 255); font-weight: 500; font-family: 'Azo Sans', Arial, Helvetica, sans-serif; -moz-osx-font-smoothing: grayscale; -webkit-font-smoothing: antialiased; font-size: 1rem; line-height: 1rem; text-align: left;}</style> <style>.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { display: -webkit-box; display: -webkit-flex; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -webkit-flex-grow: 0; -ms-flex-positive: 0; flex-grow: 0; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -webkit-flex-direction: row; -ms-flex-direction: row; flex-direction: row; -webkit-align-content: flex-start; -ms-flex-line-pack: flex-start; align-content: flex-start; min-height: 0px; padding-top: 4rem; padding-bottom: 4rem; position: relative; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}@media (max-width: 1197px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { padding-top: 1rem; padding-right: 1.5rem; padding-bottom: 1rem; padding-left: 1.5rem; }}@media (max-width: 899px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}@media (max-width: 599px) { .ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { padding-top: 1rem; padding-right: 1rem; padding-bottom: 1rem; padding-left: 1rem; background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}.image-no-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-position: center; background-size: cover; background-repeat: no-repeat; background-attachment: scroll;}.image-dark-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(0, 0, 0, 0.2)), to(rgba(0, 0, 0, 0.2))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.2) 1%, rgba(0, 0, 0, 0.2) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.image-light-overlay.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, color-stop(1%, rgba(255, 255, 255, 0.294)), to(rgba(255, 255, 255, 0.3))), none; background-image: -webkit-linear-gradient(left, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-image: linear-gradient(90deg, rgba(255, 255, 255, 0.294) 1%, rgba(255, 255, 255, 0.3) 100%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-origin: border-box; background-clip: border-box; background-attachment: scroll, scroll;}.border.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-width: 0.0625rem; border-style: solid;}.border--top.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-top-width: 0.125rem; border-style: solid; border-top-style: solid;}.border--drop-shadow.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { border-width: 0.125rem; border-style: solid; }.background--bleed.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { position: relative;}.background--bleed.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { height: 100%; width: 200vw; position: absolute; top: 0; left: -100vw; z-index: -1; display: block;}.image-gradient-overlay-vertical.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(73%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0) 73%), none; background-position: center, center; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}.bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, color-stop(42%, rgba(0, 0, 0, 0.8)), color-stop(70%, rgba(0, 0, 0, 0.4)), color-stop(92%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 42%, rgba(0, 0, 0, 0.4) 70%, rgba(0, 0, 0, 0) 92%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: cover, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(#000), color-stop(50%, rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(top, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-image: linear-gradient(180deg, #000 0%, rgba(0, 0, 0, 0.8) 50%, rgba(0, 0, 0, 0) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll;}@media (max-width: 899px) { .bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}@media (max-width: 599px) { .bg-dark-gradient--listing.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: -webkit-gradient(linear, left top, left bottom, from(rgba(0, 0, 0, 0.8)), to(rgba(0, 0, 0, 0.75))), none; background-image: -webkit-linear-gradient(top, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-image: linear-gradient(180deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.75) 100%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: scroll, scroll; }}.bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b { background-image: none; background-position: left top; background-size: auto; background-repeat: no-repeat; background-attachment: scroll;}.bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { background-image: -webkit-gradient(linear, left top, right top, from(rgba(0, 0, 0, 0.8)), color-stop(45%, rgba(0, 0, 0, 0.8)), color-stop(99%, rgba(0, 0, 0, 0))), none; background-image: -webkit-linear-gradient(left, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-image: linear-gradient(90deg, rgba(0, 0, 0, 0.8) 0%, rgba(0, 0, 0, 0.8) 45%, rgba(0, 0, 0, 0) 99%), none; background-size: auto, cover; background-repeat: no-repeat, no-repeat; background-attachment: local, scroll; width: 100vw; left: -webkit-calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2); left: calc((100vw - var(--ssa-responsive-grid-settings-boxed-width)) / -2);}@media (max-width: 899px) { .bg-dark-gradient--events.ssa-instance-be5d375162e360e3a5a2faebc919a3f5.coh-ce-cpt_container-ba3cd04b:before { background-size: cover; background-repeat: no-repeat; background-attachment: scroll; }}</style> <style>.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 {}@media (max-width: 899px) { .ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { }}@media (max-width: 599px) { .ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { }}.coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto;}@media (max-width: 899px) { .coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto; }}@media (max-width: 599px) { .coh-style-flex-grow.ssa-instance-0e9bad08079d7f799e9ce80c55588a74.coh-ce-cpt_spacer-b3e761a3 { height: auto; }}</style> </head> <body class="user-is-anonymous path-node page-node-type-long-form"> <a href="#main-content" class="visually-hidden focusable skip-link"> Skip to main content </a> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas> <input class="coh-inline-element ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-ce-cpt_site_header-443cc08f" id="megamenu-toggle" type="checkbox"> <header class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 site-header masthead--megamenu e--100 coh-style-header-light-theme coh-style-elevations coh-ce-cpt_site_header-e29b1605" > <div class="coh-container coh-ce-cpt_site_header-8a31fe82" > <div class="coh-container coh-ce-cpt_site_header-9ac56c51 coh-container-boxed" > <div class="coh-container coh-ce-cpt_site_header-3f35602d" > <ul class="coh-menu-list-container coh-unordered-list coh-ce-c0b6bbc8"><li class="coh-menu-list-item" > <a href="/business" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >Business</a></li><li class="coh-menu-list-item" > <a href="/universities" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >Universities</a></li><li class="coh-menu-list-item" > <a href="/university-students" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-link-light coh-ce-125352ee js-coh-menu-item-link" >University students</a></li></ul> <span class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-style-flex-grow ssa-instance-0e9bad08079d7f799e9ce80c55588a74 coh-ce-cpt_spacer-b3e761a3" > </span> <div class="coh-block coh-ce-cpt_site_header-e1c8b140"> <div class="coh-style-flex-container align-items--center coh-style-position-relative oidc-menu"> <div class="coh-style-flex-container align-items--center justify-content--center oidc coh-style-mobile-account-links"> <a href="/Account/Login" class="js--oidc-menu-link coh-link coh-style-link-light coh-style-label-200 piped" target="_self">Sign In</a> <a href="/Account/CreateAccount" class="js--oidc-menu-link coh-link coh-style-link-light coh-style-label-200 piped" target="_self">Create Account</a> </div> </div> </div> <a href="https://store.cfainstitute.org/cart.php" class="coh-link coh-ce-cpt_site_header-b69197d" title="View my cart" target="_self" > </a> </div> </div> <div class="coh-container masthead__header coh-ce-cpt_site_header-798ae7ba coh-container-boxed" > <button class="coh-button coh-style-button coh-ce-cpt_site_header-5bc6ba39 coh-interaction" title="Menu" data-interaction-modifiers="[{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;this&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;,&quot;interactionTarget&quot;:&quot;.coh-button&quot;},{&quot;modifierType&quot;:&quot;toggle-modifier-accessible-collapsed&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#megamenu&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;}]" aria-haspopup="true" aria-expanded="false" data-coh-settings='{ "xl":{"buttonAnimation":[{"animationType":"none"}]} }' type="button"> </button> <div class="coh-container coh-ce-cpt_site_header-9a161e69" > <a class="coh-inline-element coh-ce-cpt_site_header-b900b83f" href="/" title="CFA Institute Home"> <div class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 " > <div class="coh-block light-title coh-ce-cpt_drupal_blocks-91a01d0a"> <img src="/themes/custom/cfa_base/logo.svg" alt="Home" fetchpriority="high" /> </div> </div> </a> </div> <button class="coh-button coh-style-button coh-ce-cpt_site_header-de9fbb74 coh-interaction" title="Search" data-interaction-modifiers="[{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#header__search&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;},{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#mobile-search-button&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;},{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;,&quot;interactionTarget&quot;:&quot;#desktop-search-button&quot;}]" id="mobile-search-button" data-coh-settings='{ "xl":{"buttonAnimation":[{"animationType":"none"}]} }' type="button"> <span class="coh-inline-element popover--closed coh-style-screen-reader-only">Open Search Overlay</span> <span class="coh-inline-element popover--open coh-style-screen-reader-only">Close Search Overlay</span> </button> <search class="coh-inline-element coh-ce-cpt_site_header-7fbdd3a8" id="header__search"> <div class="coh-container ssa-component coh-component ssa-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 coh-component-instance-2deda0ba-35c6-4be9-a864-fea3e44be036 match-height No ssa-instance-be5d375162e360e3a5a2faebc919a3f5 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <h2 class="coh-heading coh-style-headline-300 coh-style-headline-heavy coh-style-text-inverted coh-ce-cpt_site_header-5cf3ab20" >I'm looking for:</h2> <form class="coh-inline-element masthead__search-container coh-ce-cpt_site_header-6b6b001a" id="coveo-search-form"> <style> atomic-search-box::part(wrapper) { background-color: var(--ssa-color-palette-gray-50); } </style> <atomic-search-interface id="global-search-box" search-hub="CFAI-Site-Search-Hub" pipeline=""> <atomic-search-box redirection-url=/search textarea="false" disable-search="false"> <atomic-search-box-query-suggestions maxWithQuery="" maxWithoutQuery=""> </atomic-search-box-query-suggestions> </atomic-search-box> </atomic-search-interface> </form> <ul class="coh-menu-list-container coh-unordered-list coh-style-text-inverted coh-ce-c3377e60"><li class="coh-menu-list-item coh-ce-680ae03b js-coh-menu-item" data-coh-settings='{"xl":"visible"}' ></li></ul> </div> </div> </search> <a href="https://store.cfainstitute.org/cart.php" class="coh-link coh-ce-cpt_site_header-7b188ccb" title="View my cart" target="_self" > </a> <nav class="coh-container coh-ce-cpt_site_header-951dd020" id="megamenu" > <div class="coh-container oidc-mobile coh-ce-cpt_site_header-b07faa38 coh-container-boxed" > <div class="coh-container coh-ce-cpt_site_header-2b33d301" > <div class="coh-block coh-ce-cpt_site_header-40fd4f75"> <div class="coh-style-flex-container align-items--center coh-style-position-relative oidc-menu"> <div class="coh-style-flex-container align-items--center justify-content--center oidc coh-style-mobile-account-links"> <a href="/Account/Login" class="js--oidc-menu-link coh-link coh-style-link-button-dark coh-style-text-color-dark-background" target="_self">Sign In</a> <a href="/Account/CreateAccount" class="js--oidc-menu-link coh-link coh-style-text-link coh-style-text-color-dark-background" target="_self">Create Account</a> </div> </div> </div> </div> <ul class="coh-menu-list-container coh-unordered-list menu-level-1 coh-ce-a757c86a"><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Programs</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >CFA庐 Program</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#overview" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Overview</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#career-paths" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career paths</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#curriculum" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Curriculum</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#learning-experience" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Learning experience</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#fees-calendar" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Fees and calendar</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program#policies" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Policies</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program/candidate-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Registered candidate resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cfa-program" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Enroll and register</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Other programs</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/cipm" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >CIPM庐 Program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/climate-investing-cohort" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Climate Risk (Cohort)</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/climate-investing-self-paced" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Climate Risk (Self-paced)</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/data-science-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Data Science</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/esg-certification" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG Investing</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/investment-foundations-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Investment Foundations</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-equity-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private Equity</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-markets-alternative-investments-certificate" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private Markets</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/all-programs" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >View all programs</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Learning paths</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/private-markets" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Private markets</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/sustainable-investing" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Sustainability</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/data-science" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Data science</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Program support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/learning-compass" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Help choosing a program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/candidate-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >All candidate resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/Account/Login" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Candidate sign in</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Membership</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Membership</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Membership overview</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/benefits" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Membership benefits</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/become-member" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Become a member</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://my.cfainstitute.org/" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Member sign in</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Network</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/find-cfa-society" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Find a CFA Society庐</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://directory.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Find a member</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/volunteer-opportunities" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Volunteering</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Career support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://careers.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career center</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/membership/benefits/professional-learning-program" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional learning program</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/programs/candidate-resources/share-achievement" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Share your achievements</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Insights</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Research &amp; Policy Center</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research and thought leadership</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/research/financial-analysts-journal" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Financial Analysts Journal</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/research-foundation" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research Foundation</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/blogs-and-podcasts" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Podcasts &amp; blogs</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >Research &amp; Policy Center</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >In Brief</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/careers-professional-development" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Career insights</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/digital-innovation" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Digital innovation</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/first-person" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >First person</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/trends" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Trends</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles/esg-sustainability" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/articles" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >View all articles</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Events</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/upcoming" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Upcoming events</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/past" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Past events</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/sponsorship" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Event sponsorship</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/events/research-challenge" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Research Challenge</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Learning resources</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional learning resources</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning/refresher-readings" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Refresher readings</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/insights/professional-learning/ethics-resources" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Ethics resources</a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">Standards</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Industry standards</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://www.gipsstandards.org/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >GIPS Standards</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/codes-and-standards/diversity-equity-inclusion-codes" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Diversity, Equity, and Inclusion Code</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/esg-standards" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >ESG Standards for Investment Products</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/policy" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Policy and Advocacy</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://rpc.cfainstitute.org/en/codes-and-standards" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-header-button coh-style-link-button-neutral-secondary" >More in Research &amp; Policy Center</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Professional standards</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/code-ethics-standards" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Code of Ethics and Standards</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Professional Conduct</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct/sanctions" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Disciplinary sanctions</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals/conduct/report-misconduct" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Report misconduct</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/standards/professionals" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >Learn more </a></li></ul> </div></li></ul> </div> </div></li><li class="coh-menu-list-item coh-ce-9f39a733 js-coh-menu-item has-children in-active-trail" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"blind","animationEasing":"linear","animationTarget":".menu-level-2-wrapper","animationDirection":"up","animationDuration":0},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationDirection":"up","animationEasing":"easeInOutCubic","animationTarget":".menu-level-2-wrapper","animationDuration":300} }' class="coh-link coh-ce-2793ed5d js-coh-menu-item-link" tabindex="0">About</span> <div class="coh-container menu-level-2-wrapper coh-ce-7509f1c" aria-role="menu" > <div class="coh-container coh-ce-885d08e0 coh-container-boxed" > <ul class="coh-menu-list-container coh-unordered-list menu-level-2 coh-ce-4eb3061c"><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >CFA Institute</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/who-we-are" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Who we are</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/history" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Our history</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/press-room" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Press room</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/careers" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Careers</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children in-active-trail" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Governance</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/leadership-team" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Leadership team</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/board" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Board of Governors</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/committees" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Committees and Councils</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item is-active in-active-trail" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/annual-report" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Annual reports</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance/policies" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >CFA Institute policies</a></li><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/about/governance" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link coh-style-link-with-icon" >Learn more</a></li></ul> </div></li><li class="coh-menu-list-item coh-ce-7c9ea180 js-coh-menu-item has-children" data-coh-settings='{"xl":"hidden"}' > <span data-coh-settings='{ "xl":{"link_interaction":"no-interaction"},"sm":{"link_interaction":"toggle-on-click","animationType":"blind","animationEasing":"easeInOutCubic","animationDirection":"up","animationDuration":300,"animationTarget":".menu-level-3-wrapper"} }' class="coh-link coh-style-link-light coh-ce-fd5b21f js-coh-menu-item-link" >Customer support</span> <div class="coh-container menu-level-3-wrapper coh-ce-3c566a43" > <ul class="coh-menu-list-container coh-unordered-list menu-level-3 coh-ce-27121577"><li class="coh-menu-list-item coh-ce-1953dd1f js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="https://help.cfainstitute.org/s/" target="_blank" data-coh-settings='{ "xl":{"link_interaction":"toggle-on-hover","animationType":"none"} }' class="coh-link coh-style-link-light coh-ce-55dec3c3 js-coh-menu-item-link" >Contact us</a></li></ul> </div></li></ul> </div> </div></li></ul> <div class="coh-container coh-ce-cpt_site_header-dc73e60b" > <ul class="coh-menu-list-container coh-unordered-list coh-ce-7e04b7f4"><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/business" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >Business</a></li><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/universities" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >Universities</a></li><li class="coh-menu-list-item coh-ce-33e52a0e js-coh-menu-item" data-coh-settings='{"xl":"hidden"}' > <a href="/university-students" data-coh-settings='{ "xl":{"link_interaction":"click-through-to-link"} }' class="coh-link coh-style-headline-500 coh-style-link-light coh-ce-1713e4b6 js-coh-menu-item-link" >University students</a></li></ul> </div> </div> </nav> <button class="coh-button coh-style-button coh-ce-cpt_site_header-5510d5fc coh-interaction" data-interaction-modifiers="[{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#header__search&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;},{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#mobile-search-button&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;},{&quot;modifierType&quot;:&quot;toggle-modifier&quot;,&quot;interactionScope&quot;:&quot;component&quot;,&quot;interactionTarget&quot;:&quot;#desktop-search-button&quot;,&quot;modifierName&quot;:&quot;popover--open&quot;}]" id="desktop-search-button" aria-label="Toggle site search overlay" data-coh-settings='{ "xl":{"buttonAnimation":[{"animationType":"none"}]} }' type="button"> </button> </div> </div> </header> <div class="coh-container coh-style-focusable-content coh-style-paragraph-100 coh-ce-bfd264e3" id="main-content" > <div class="coh-block"> <div class="coh-container breadcrumbs"> <div class="coh-container-boxed"> <nav role="navigation" aria-labelledby="system-breadcrumb"> <h2 id="system-breadcrumb" class="visually-hidden">Breadcrumb</h2> <ol> <li class="coh-style-paragraph-300"> <a href="/">Home</a> </li> <li class="coh-style-paragraph-300"> <a href="/about">About</a> </li> <li class="coh-style-paragraph-300"> <a href="/about/governance">Governance</a> </li> </ol> </nav> </div> </div> </div> <div class="coh-container content-region coh-ce-6d56d4bb" > <div> <div data-drupal-messages-fallback class="hidden"></div> <div id="block-cfa-base-sitewidealert" class="settings-tray-editable" data-drupal-settingstray="editable"> <div><div data-sitewide-alert></div></div> <!-- GDPR BANNER --> <div class="notice bottom-0 js-notice border-top border-warning" id="privacy-banner"> <div class="notice__banner bg-warning-lighter padding-y-sm inner-glow shadow-md"> <div class="coh-container-boxed"> <div class="flex justify-between items-center"> <p class="text-sm" style="margin-bottom: 0;">We're using cookies, but you can turn them off in your browser settings. Otherwise, you are agreeing to our use of cookies. Learn more in our <a href="/about/governance/policies/privacy-policy">Privacy Policy</a></p> <button class="reset notice__close-btn margin-left-sm js-notice__hide-control" id="closePrivacyWarning"> <svg class="icon--ch" viewBox="0 0 16 16"> <title>Accept</title> <g stroke-width="2" stroke="currentColor" fill="none" stroke-linecap="round" stroke-linejoin="round" stroke-miterlimit="10"> <line x1="13.5" y1="2.5" x2="2.5" y2="13.5"></line> <line x1="2.5" y1="2.5" x2="13.5" y2="13.5"></line> </g> </svg> </button> </div> </div> </div> </div> </div> <article > <div> <div class="coh-container ssa-component coh-component ssa-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-style-text-color-dark-background ssa-instance-7d46eafbec924c07e82915b84ba7d05f coh-ce-cpt_hero_banner-e2ec4263" > <div class="coh-container ssa-component coh-component ssa-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea ssa-instance-1d8650d3697162ec283ed373f8235f80 coh-ce-cpt_2_column_layout-228dfee8" > <div class="coh-container coh-container-boxed" > <div class="coh-row coh-row-xl coh-row-visible-xl" data-coh-row-match-heights="[]"> <div class="coh-row-inner ssa-instance-1d8650d3697162ec283ed373f8235f80 coh-ce-cpt_2_column_layout-8364854d"> <div class="coh-column ssa-instance-1d8650d3697162ec283ed373f8235f80 coh-ce-cpt_2_column_layout-1f4e3db coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-5 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-6 coh-col-xl-push-0 coh-col-xl-pull-0" > <div class="coh-container ssa-component coh-component ssa-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea match-height No ssa-instance-6dfbedbd163b89b16bd0fffc230a8929 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b " > <h1 class="coh-heading ssa-component coh-component ssa-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-component-instance-25b56768-aa4d-4409-9b9f-042b8279a1ea coh-style-headline-100 coh-style-text-color-dark-background align-text-left coh-style-cfa-margin-bottom-sm ssa-instance-e15a282762aa04870cc62754723f314b coh-ce-cpt_heading-b45c50fc" > Annual Reports and 990s </h1> </div> </div> </div> <div class="coh-column ssa-instance-1d8650d3697162ec283ed373f8235f80 coh-ce-cpt_2_column_layout-ecfef6d5 coh-visible-ps coh-col-ps-12 coh-col-ps-push-0 coh-col-ps-pull-0 coh-visible-sm coh-col-sm-7 coh-col-sm-push-0 coh-col-sm-pull-0 coh-visible-xl coh-col-xl-6 coh-col-xl-push-0 coh-col-xl-pull-0" > <div class="coh-container coh-ce-cpt_hero_banner-f2668b67" > <picture> <source data-srcset="https://cfainstitute.widen.net/content/ef04f44a-c113-46c0-8bed-a02948fc96a2/web/annualreports-654100004.jpg?w=2048&amp;itok=aaHkrhR9" media="(min-width: 900px)" type=""> <source data-srcset="https://cfainstitute.widen.net/content/ef04f44a-c113-46c0-8bed-a02948fc96a2/web/annualreports-654100004.jpg?w=768&amp;itok=WwV3qlsR" media="(min-width: 600px) and (max-width: 899px)" type=""> <source data-srcset="https://cfainstitute.widen.net/content/ef04f44a-c113-46c0-8bed-a02948fc96a2/web/annualreports-654100004.jpg?w=568&amp;itok=aTRoA3Mc" media="(max-width: 599px)" type=""> <img class="coh-image ssa-component coh-component coh-image-responsive-xl coh-image-responsive-sm coh-image-responsive-ps coh-style-object-fit " loading="eager" src="https://cfainstitute.widen.net/content/ef04f44a-c113-46c0-8bed-a02948fc96a2/web/annualreports-654100004.jpg?w=568&amp;itok=aTRoA3Mc" alt="Hands holding a tablet" /> </picture> </div> </div> </div> </div> </div> </div> </div> </div> <div class="coh-container coh-ce-b983a31f coh-container-boxed" > <div class="coh-row coh-row-xl coh-row-visible-xl" data-coh-row-match-heights="{&quot;xl&quot;:{&quot;target&quot;:&quot;none&quot;}}"> <div class="coh-row-inner coh-ce-5513b461"> <div class="coh-column coh-ce-4181afa6 coh-visible-ps coh-col-ps-12 coh-col-ps-offset-0 coh-visible-sm coh-col-sm-8 coh-col-sm-offset-0 coh-visible-md coh-col-md-8 coh-col-md-offset-1 coh-visible-xl coh-col-xl-8 coh-col-xl-push-0 coh-col-xl-pull-0 coh-col-xl-offset-1" > <div> <div class="coh-container ssa-component coh-component ssa-component-instance-429cd361-7dc5-4580-9c4e-58021c27faad coh-component-instance-429cd361-7dc5-4580-9c4e-58021c27faad match-height ssa-instance-96887c68b79ef200a9036a14f2dbcc7e coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b coh-container-boxed" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-a7dc2fe9-1686-47bc-9190-7f92030f99e3 coh-component-instance-a7dc2fe9-1686-47bc-9190-7f92030f99e3 coh-style-text-color-light-background coh-style-cfa-margin-bottom-md coh-style-paragraph-50 ssa-instance-82e94941dff34d16b067aaaf3c9eccd3 coh-ce-cpt_text-e4a5f5e1" > <p>Discover our latest Annual Report, along with past editions, for insights into our financials, key initiatives, and commitment to advancing the investment profession. Learn how CFA Institute upholds ethical standards and supports our global community through education, advocacy, and innovation.</p> </div> <span class="coh-container ssa-component coh-component ssa-component-instance-0fb34a84-a161-49f1-a074-d68acbd1e91b coh-component-instance-0fb34a84-a161-49f1-a074-d68acbd1e91b ssa-instance-2335452aaa82eea644b91c9dbc97d2c8 coh-ce-cpt_divider-1695481c" > </span> <div class="coh-container ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 faq-accordion coh-ce-cpt_faq_section-a586471a" data-show-expand-all > <div class="coh-container ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 match-height No ssa-instance-9bea6008000e49fdde117ae3cf7cc9f4 coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b " > <div class="coh-container faq-heading coh-style-cfa-margin-bottom-lg coh-ce-cpt_faq_section-e39efad8" > <h2 class="coh-heading ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 dark-heading align-text-left ssa-instance-19ad88d7308fa2966ee37d74cbf570c1 coh-ce-cpt_heading-b45c50fc" > Recent Annual Reports &amp; Form 990 Filings </h2> </div> <div class="coh-container ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-style-margin-bottom-small ssa-instance-9108ded1680ea0bed5db55187bf2840d coh-ce-cpt_accordion_container-1a18d56a" > <div class="coh-accordion-tabs" data-metadata-typography data-metadata-weight data-label-typography="coh-style-headline-500" data-label-weight="coh-style-headline-heavy"> <div class="coh-accordion-tabs-inner coh-accordion-tabs-horizontal-center coh-accordion-tabs-display-accordion-xl coh-style-accordion-tabs-keyline-dark-text coh-ce-cpt_accordion_container-f7edb4e1" data-coh-accordion="{&quot;title&quot;:&quot;Accordion container&quot;,&quot;styles&quot;:{&quot;xl&quot;:{&quot;accordionOrTab&quot;:&quot;accordion&quot;,&quot;collapsible&quot;:true,&quot;startCollapsed&quot;:true,&quot;offsetPositionAgainst&quot;:&quot;px&quot;,&quot;scrollToAccordionOffset&quot;:100,&quot;animation&quot;:&quot;slide&quot;,&quot;duration&quot;:400},&quot;sm&quot;:[]},&quot;scrollToAccordion&quot;:false,&quot;setHash&quot;:true,&quot;horizontalVertical&quot;:&quot;horizontal_top&quot;,&quot;HorizontalPosition&quot;:&quot;center_aligned&quot;,&quot;customStyle&quot;:null}"> <ul class="coh-accordion-tabs-nav"></ul> <div class="coh-accordion-tabs-content-wrapper"> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-93539810-1" >FY2023</a></div> <div id="230548828-93539810-1" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-32753b4d3016f1fc672b2ab774c3d2f1 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/CFA_Annual_Report_2023_FINAL_03-06-23.pdf" target="_blank" data-entity-type="media" data-entity-uuid="0d9a6f08-2852-4c41-a192-6c366c3e37b7" data-entity-substitution="media">FY2023 Annual Report</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/cfai-2022-form-990-public-inspection-copy.pdf" target="_blank" data-entity-type="media" data-entity-uuid="fc6402c1-7044-4285-8be6-ad8ac334d61a" data-entity-substitution="media">CFA Institute 2022 Form 990 (FY2023)</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/cfairf-2022-form-990-public-inspection-copy.pdf" target="_blank" data-entity-type="media" data-entity-uuid="a74730aa-dbad-4f7e-b29e-c34879685fbd" data-entity-substitution="media">CFA Institute Research Foundation 2022 Form 990 (FY2023)</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-93539810-2" >FY2022</a></div> <div id="230548828-93539810-2" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-88a297e7178c0365b0f0d636cdc0f42f coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/CFA_Annual-Report-2022_FINAL_3-16-23_w-Financials_ReadOnly.pdf" target="_blank" data-entity-type="media" data-entity-uuid="957eb79f-c5cc-4a9a-9e06-a833fd86dc0c" data-entity-substitution="media" title="CFA_Annual-Report-2022_FINAL_3-16-23_w-Financials_ReadOnly.pdf">FY2022 Annual Report</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/2021-cfa-form-990-pic.pdf" target="_blank" data-entity-type="media" data-entity-uuid="adc4fb62-c0c1-4e8d-b503-0be2419bb7b5" data-entity-substitution="media" title="2021-cfa-form-990-pic.pdf">CFA Institute 2021 Form 990 (FY2022)</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/2021-cfarf-form-990-pic.pdf" target="_blank" data-entity-type="media" data-entity-uuid="a88b3fce-9445-438d-9e95-516133b5ebb3" data-entity-substitution="media" title="2021-cfarf-form-990-pic.pdf">CFA Institute Research Foundation 2021 Form 990 (FY2022)</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-93539810-3" >FY2021</a></div> <div id="230548828-93539810-3" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-component-instance-74781f36-b53e-4d3c-9530-ca97a0a1a956 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-757446d7bca280653b8023e3e7fb8c28 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual-report-2021.pdf" target="_blank" data-entity-type="media" data-entity-uuid="044ff511-68e7-47e4-946e-2f570d8ff7bf" data-entity-substitution="media" title="annual-report-2021.pdf">FY2021 Annual Report</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/2020-Form-990---CFA-Institute.pdf" target="_blank" data-entity-type="media" data-entity-uuid="d004585f-955f-48ab-82e2-3bc721b72048" data-entity-substitution="media" title="2020-Form-990---CFA-Institute.pdf">CFA Institute 2020 Form 990 (FY2021)</a></p> <p><a href="/sites/default/files/-/media/documents/corporate-record/2020-Form-990---Research-Foundation.pdf" target="_blank" data-entity-type="media" data-entity-uuid="70ee6def-ac34-4ca4-b316-888ca31c02e4" data-entity-substitution="media" title="2020-Form-990---Research-Foundation.pdf">CFA Institute Research Foundation 2020 Form 990 (FY2021)</a></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> <div class="coh-container ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 faq-accordion coh-ce-cpt_faq_section-a586471a" data-show-expand-all > <div class="coh-container ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 match-height No ssa-instance-8ed4a14596813375c8b8868392bc6ddf coh-ce-cpt_container-ba3cd04b" > <div class="coh-container coh-ce-cpt_container-fe57b20b " > <div class="coh-container faq-heading coh-style-cfa-margin-bottom-lg coh-ce-cpt_faq_section-e39efad8" > <h2 class="coh-heading ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 dark-heading align-text-left ssa-instance-1d16075756f544f08889de07523ecee4 coh-ce-cpt_heading-b45c50fc" > Annual Report Archive </h2> </div> <div class="coh-container ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-margin-bottom-small ssa-instance-15158d16ced356db22c4e86f164f1902 coh-ce-cpt_accordion_container-1a18d56a" > <div class="coh-accordion-tabs" data-metadata-typography data-metadata-weight data-label-typography="coh-style-headline-500" data-label-weight="coh-style-headline-heavy"> <div class="coh-accordion-tabs-inner coh-accordion-tabs-horizontal-center coh-accordion-tabs-display-accordion-xl coh-style-accordion-tabs-keyline-dark-text coh-ce-cpt_accordion_container-f7edb4e1" data-coh-accordion="{&quot;title&quot;:&quot;Accordion container&quot;,&quot;styles&quot;:{&quot;xl&quot;:{&quot;accordionOrTab&quot;:&quot;accordion&quot;,&quot;collapsible&quot;:true,&quot;startCollapsed&quot;:true,&quot;offsetPositionAgainst&quot;:&quot;px&quot;,&quot;scrollToAccordionOffset&quot;:100,&quot;animation&quot;:&quot;slide&quot;,&quot;duration&quot;:400},&quot;sm&quot;:[]},&quot;scrollToAccordion&quot;:false,&quot;setHash&quot;:true,&quot;horizontalVertical&quot;:&quot;horizontal_top&quot;,&quot;HorizontalPosition&quot;:&quot;center_aligned&quot;,&quot;customStyle&quot;:null}"> <ul class="coh-accordion-tabs-nav"></ul> <div class="coh-accordion-tabs-content-wrapper"> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-1" >FY2020</a></div> <div id="230548828-2144055027-1" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-093ed52f5460c3df2ba45fdb9a2e4097 coh-ce-cpt_text-e4a5f5e1" > <p><a href="https://corporate-record/annual-report-2020.pdf" target="_blank">FY2020 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-2" >FY2019</a></div> <div id="230548828-2144055027-2" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-1d00787313b5a42956e4ca9f91693be4 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual-report-2019.pdf" target="_blank" data-entity-type="media" data-entity-uuid="ec55714c-f1dc-4f1d-bb33-b1fbde7e652a" data-entity-substitution="media" title="annual-report-2019.pdf">FY2019 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-3" >FY2018</a></div> <div id="230548828-2144055027-3" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component 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ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-c5f9815c1f78a04d949113079c3fedc0 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual_report_2017.pdf" target="_blank" data-entity-type="media" data-entity-uuid="237a45e7-22d2-4c29-a977-0febc92c3c89" data-entity-substitution="media" title="annual_report_2017.pdf">FY2017 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-5" >FY2016</a></div> <div id="230548828-2144055027-5" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-cf768553ee865a5c4488efc35cd5559a coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual-report-2016.pdf" target="_blank" data-entity-type="media" data-entity-uuid="a0bdc8c8-f7b1-48e9-892e-fdfd201e2015" data-entity-substitution="media" title="annual-report-2016.pdf">FY2016 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-6" >FY2015</a></div> <div id="230548828-2144055027-6" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-1f86b4ea64655db3f1e3ee461a6b5f30 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual-report-2015.pdf" target="_blank" data-entity-type="media" data-entity-uuid="6e57ffe5-0f50-4735-ac15-b7620495446e" data-entity-substitution="media" title="annual-report-2015.pdf">FY2015 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-7" >FY2014</a></div> <div id="230548828-2144055027-7" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" data-accordion-metadata> <div class="coh-container coh-style-padding-small" > <div class="coh-wysiwyg ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-style-text-color-light-background coh-style-paragraph-100 ssa-instance-107de4a7070daacf1786eb2ecc750fd9 coh-ce-cpt_text-e4a5f5e1" > <p><a href="/sites/default/files/-/media/documents/corporate-record/annual-report-2014.pdf" target="_blank" data-entity-type="media" data-entity-uuid="c2c7441a-2275-41cf-996f-318ab69beac1" data-entity-substitution="media" title="annual-report-2014.pdf">FY2014 Annual Report</a></p> </div> </div> </div> <div class="coh-accordion-title" data-coh-tab-settings='[]'><a href="#230548828-2144055027-8" >FY2013</a></div> <div id="230548828-2144055027-8" class="coh-accordion-tabs-content ssa-component coh-component ssa-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3 coh-component-instance-2b2b8c48-499c-4041-ae66-519de18cd1e3" 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