iShares Core MSCI EAFE ETF gains 8% YTD, boosted by weaker US dollar and strong ASML stock.

The iShares Core MSCI EAFE ETF (IEFA) has risen 8% year-to-date and 22% over the past year, driven mainly by a weaker US dollar rather than earnings growth abroad. The fund tracks developed markets outside North America, with major holdings in Japan, the UK, and Europe, and a notable concentration in ASML, a semiconductor company benefiting from AI demand. Investors should watch the US dollar index and ASML's earnings, as currency moves and export controls could significantly impact future returns. The fund also offers a higher yield compared to the S&P 500, appealing to retirees seeking income and diversification.