CAIA Prep: Exam Coach

Pass CAIA Level I with a plan, not a pile of flashcards. Set your exam date and a daily goal, and CAIA Prep builds a spaced-repetition drill that brings back each question and formula just before you would forget it, alongside calculators for the numbers the exam makes you work.

YOUR STUDY PLAN
• A countdown to exam day, your daily goal and your streak, on one screen
• Today's drill: the items due for review plus new ones, sized to the goal you chose (10, 20 or 30 a day)
• All seven Level I topics with their exam weight bands and how you are doing in each; tap any topic for a scored set on just that topic

SPACED-RECALL DRILL
• Leitner boxes: get an item right and it climbs a box and comes back later; miss it and it comes back tomorrow
• Applied questions with a worked explanation after every answer
• Formula recall: see the name, write the formula, reveal it, and say honestly whether you had it
• Watch items climb from box 1 to box 5 as they stick

CAIA CALCULATORS (FREE)
• Risk-adjusted return: Sharpe and Sortino side by side, and what the gap between them says
• Fund multiples and IRR: DPI, RVPI and TVPI from paid-in, distributions and NAV, plus an IRR cash-flow ladder
• Fee waterfall: 2-and-20 with a high-water mark and a hard or soft hurdle, from gross to net

THE SEVEN TOPIC AREAS
• CAIA Ethical Principles: fiduciary duty, conflicts of interest, fair dealing
• Introduction to Alternative Investments: return and risk statistics, ratios, factor models, derivatives, asset allocation
• Real Assets: real estate, commodities and roll yield, natural resources, infrastructure
• Private Equity: buyouts, venture capital, fund terms, the J-curve, IRR and multiples
• Private Debt: direct lending, mezzanine and distressed debt, credit risk, CLOs
• Hedge Funds: structure and fees, data biases, macro, event-driven, relative value, long/short
• Digital Assets: blockchains, consensus, tokenization and their risks

NOTES
Flashcards, the full question bank (multiple choice, true/false and term matching), a searchable glossary and a formula sheet with variables and traps, plus a deck of everything you missed.

Everything works offline. No account, no sign-up, no ads, no data collection; your plan and progress stay on your device.

Start free with a preview drill and every calculator. Premium unlocks the full library: weekly, monthly or annual, or a one-time lifetime purchase.

CAIA and Chartered Alternative Investment Analyst are trademarks of the CAIA Association. This app is an independent study aid and is not affiliated with, authorized by, or endorsed by the CAIA Association. All flashcards, key terms and practice questions are original study content. This app provides exam study material only, not investment advice.

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