As a result, the fund offers diversified country exposure with stocks from the United Kingdom, Japan, Canada, France, and Australia, to name the top five allocations (as of July 31). Market-cap exposure remains centered on large- and midcap names, eschewing the higher volatility and risk in small-cap companies. The fund also avoids the increased volatility inherent in emerging markets (EM). Equity investors will appreciate international stocks as a means to diversify their portfolios, but also as a way to a ...