What you don't know can hurt you!!

At the very least, shareholders should be able to find out which stocks their funds own. The mutual fund industry however opposes more frequent disclosure, saying illogically that information about a fund’s holding will somehow reveal what the fund will buy in the future. And thereby funds may allow speculators to buy stocks earlier and drive up the price that the fund pays!!
Shareholders ate thus left to manage their portfolios blind. You might think you are well diversified across four different funds, but you may not realize that months ago, all were loaded up with same securities. Or u may know at the end of the story that u were really put at high risk more than u ever expected because ur fund is packed with the shares of firms growing feeble.