---
title: "Country exposure"
description: "Country exposure is the share of a fund's portfolio invested in each country, normally assigned by the issuer's country of domicile or listing as classified by the index provider or fund house."
canonical: https://fundfactsapi.com/glossary/country-exposure
published: 2026-09-04
updated: 2026-09-04
publisher: FundFacts API
---

# Country exposure (Geographic exposure, Country allocation, Geographic breakdown, Regional allocation)

> Country exposure is the share of a fund's portfolio invested in each country, normally assigned by the issuer's country of domicile or listing as classified by the index provider or fund house.

## Definition

**Country exposure** breaks a portfolio down by the country of each holding, with weights expressed as a percentage of net assets. For equities the country is usually the issuer's country of incorporation or primary listing, following the index provider's classification; for bonds it is typically the issuer's country of risk. A **regional** view groups countries into blocks such as North America, Europe ex-UK, Japan and Emerging Markets.

## Why it matters

Country weights drive currency risk, political risk and sensitivity to local rates and growth. A "global" equity fund may hold two-thirds of its assets in one country. Portfolio [look-through](https://fundfactsapi.com/glossary/look-through) aggregates these weights across many funds to show a client's true geographic mix, and compliance teams use them to test concentration limits.

## In the API

Country weights are in `geography` as an array of label/weight pairs, regional groupings in `region`, and a summary label in `profile.regionFocus`. Example values:

```json
{
  "profile": { "regionFocus": "global-developed" },
  "geography": [
    { "label": "United States", "weight": 70.4 },
    { "label": "Japan", "weight": 5.6 },
    { "label": "United Kingdom", "weight": 3.7 }
  ]
}
```

## Common pitfalls

Weights may not sum to exactly 100 because of cash, derivatives and an "Other" bucket. Classification schemes differ between fund houses, so one factsheet's "Europe" may include the UK and another's may not; normalise labels before aggregating. Domicile-based country is not the same as revenue exposure: a company listed in one country can earn most of its revenue elsewhere. See also [sector exposure](https://fundfactsapi.com/glossary/sector-exposure).

## In the FundFacts API payload

- `geography`
- `region`
- `profile.regionFocus`

## About FundFacts API

FundFacts turns any fund or ETF ISIN into one dated factsheet (fees and KID costs, the 1–7 risk indicator, holdings, sector and country exposure, returns) read from the fund house's own documents: as a client-ready PDF under your firm's name for advisers and wealth managers, as JSON through its API for developers, or inside ChatGPT and Claude through its MCP server.

FundFacts works inside ChatGPT and Claude as a connector (a remote MCP server): ask about any fund or ETF by ISIN, ticker or name and the assistant answers from FundFacts' dated figures, fees, risk, holdings, exposure and returns, with fund cards, side-by-side comparisons, holdings overlap and portfolio look-through.

- Free API key, no card: https://fundfactsapi.com/signup
- Documentation: https://fundfactsapi.com/docs (OpenAPI: https://fundfactsapi.com/openapi.json)
- MCP server: https://fundfactsapi.com/api/mcp (set-up for every client: https://fundfactsapi.com/mcp-server)
- Pricing: https://fundfactsapi.com/pricing
- Site index for AI assistants: https://fundfactsapi.com/llms.txt
- Informational data, not investment advice.