CFA UK sets the Unit 2 pass mark for each exam. It usually falls between 60% and 70%, and between 65% and 80% of candidates pass.
Questions
105
Time
2 hours 20 minutes
Format
Online: multiple choice, item sets and gap fill
Pass mark
Set for each exam, usually 60% to 70%
Pass rate
65% to 80%
How the pass mark works
The pass mark is not one fixed figure: CFA UK sets it for each exam, usually between 60% and 70%.
Results are pass or fail, so there is no grade to aim beyond a pass.
CFA UK advises aiming for 75% or more on its mock exams.
Check your own readiness
Take the free diagnostic: 12 questions across the topics, scored by topic.
Fix the weakest topic first with its lesson and practice questions.
Sit the full 105-question mock in 2 hours 20 minutes before you book.
Try 4 questions
Question 115.1 to 15.2 Risk measures, diversification and correlation
A portfolio is worth £20 million and its daily returns have a standard deviation of 1.2%. Assume returns are normally distributed with a mean of zero, and use a one-tailed z-value of 1.645 for 95% confidence. The one-day 95% value at risk is closest to:
Question 212.1 to 12.2 Cash, Treasury bills, bond types and pricing
Hartley Asset Management buys £1,000,000 nominal of a UK Treasury bill with 91 days to maturity at a money market yield of 4.125%. Using the DMO's price/yield formula, the settlement proceeds are closest to:
Question 317.1 to 17.2 Total return, reinvestment, attribution, money- and time-weighted returns
A balanced fund's year is summarised as follows: equities: portfolio weight 70%, benchmark weight 60%, portfolio return 10%, benchmark return 8%; bonds: portfolio weight 30%, benchmark weight 40%, portfolio return 3%, benchmark return 4%. Using the standard attribution into asset allocation, selection and interaction, the asset allocation effect is closest to:
Question 47.1 Sources and types of data, sampling and presentation
A fund manager wants to show trustees how a £40 million portfolio is split across six asset classes on a single date. Which chart is MOST suitable?