Identify a mutual fund that focuses on international equities. It could be a single country fund, a regional fund, or a non-U.S. global fund. It needs to be at least five years old. You may want to go directly to an investment company website such as Fidelity, Vanguard, etc.

Provide a brief introduction to the fund (about a paragraph) indicating its investment objective, size, turnover, and fee structure. Report on its performance during the past five years. (You don't need to compute this return if the information is available.) Determine the actual return for the fund over the 12 months ending December 2019. (This requires you to obtain prices and cash distributions from a source such as Yahoo Finance.) If an investor invested $10,000 at the end of December 2018, how much would his or her investment be worth by the end of December 2019? What is the level of management fees charged by the fund? Is this reflected in your assessment of return? Finally, what is the appropriate benchmark this fund should be compared to? Would this investor have been better off if they had been able to invest in the benchmark?