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iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that seeks to track the performance of an index composed of U.S. publicly traded companies with a consistent history of dividend growth. The ETF is managed by BlackRock and trades under the ticker DGRO on NYSE Arca.
Classified as a U.S. equity ETF, DGRO aims to reflect, before fees and expenses, the performance of the securities included in its benchmark index. The fund follows a passive management strategy.
The index tracked by DGRO selects U.S. companies with a consistent record of dividend growth, incorporating criteria related to financial sustainability and cash flow generation. Securities are weighted according to the index provider’s methodology, with periodic reviews.
Diversification and sector exposure
DGRO provides broad exposure to the U.S. equity market, with allocation across multiple sectors of the economy, including:
Information technology.
Health care.
Consumer discretionary.
Consumer staples.
Financials.
Industrials.
Energy.
Sector allocation reflects the structure of the underlying index.
Structure and costs
DGRO shares are traded on the secondary market, while creation and redemption of shares occur through authorized participants, a mechanism that helps keep the ETF’s market price close to its net asset value (NAV).
The fund charges a management fee consistent with passive ETFs and does not apply a performance fee. DGRO distributes income, primarily in the form of dividends.
History and evolution of the ETF
iShares Core Dividend Growth ETF was launched in 2014 during a period of increasing demand for dividend growth strategies in the U.S. equity market.
In recent years, DGRO has reflected shifts in U.S. market dynamics, including the post-2020 equity rally, the interest rate tightening cycle that began in 2022, and evolving economic expectations.
The fund’s performance has been linked to the behavior of companies with consistent dividend growth records amid changing macroeconomic conditions.
Additional Information
iShares Core Dividend Growth ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $43.41 billion.
Over the past 12 months, iShares Core Dividend Growth ETF recorded a return of 22.20%, with its price trading between $66.93 and $80.04 during the same period.
The ETF is traded under the ticker DGRO.
