EFA

The iShares MSCI EAFE ETF (EFA) holds a broad range of large‑ and mid‑cap stocks from developed markets outside the United States and Canada, with major exposure to Europe (including the United Kingdom, France, Germany and Switzerland), Japan and Australia/New Zealand. It tracks the MSCI EAFE Index by using a representative‑sampling approach, providing diversified sector coverage that leans toward financials, industrials, health care, information technology and consumer discretionary. The fund’s passive, index‑based strategy seeks to mirror the market‑cap‑weighted performance of those regions without active stock selection. It is suitable for investors who want core international equity exposure to diversify a portfolio that already includes U.S. stocks, and who prefer a low‑maintenance, broadly diversified approach to developed‑market equities.