Obtain a prospectus and an annual report for a major mutual fund that includes some international securities. Carefully read the prospectus and annual report and study the portfolios composition in light of the funds stated objectives.

Evaluate the amount of diversification and the types of industries and companies held. Is the portfolio well-diversified?

Discuss the additional risks faced by an investor in this fund compared with an investor in a domestic stock portfolio such as the S&P 500.