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How International Is Your Foreign-Stock Fund?

Revenue by region highlights hidden U.S. and emerging-markets exposures in foreign stock funds.

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This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud.

The global economy has become more global, a trend that continues despite "trade war" headlines. For investors trying to assess the diversification benefits of international-equity funds, it's important to have a clear understanding of how much overseas economic exposure a portfolio truly has.

Gabrielle Dibenedetto does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.