The five largest holdings of this ETF are: Apple Inc (AAPL, 3.38% of net assets), Microsoft Corp (MSFT, 3.18%), JPMorgan Chase & Co (JPM, 3.04%), Johnson & Johnson (JNJ, 2.82%), and Verizon Communications Inc (VZ, 2.69%). The ETF has a current dividend yield of 2.17%, paid quarterly.
iShares Core Dividend Growth ETF (DGRO)
from Internet Wealth Builder
The iShares Core Dividend Growth ETF tracks an index of U.S. companies only. The companies have a history of sustained dividend growth and are broadly diversified. The ETF is designed as a core holding for income seekers.
Year-to-date, the ETF’s total return is 25.8%. The three-year average annual total return is 14.96% and the five-year return is 11.97%. The ETF has a trailing 12-month yield of 2.29%. It has also performed well against its peers. Year-to-date, it is ranked 9th of 1,215 similar funds. It had a similar ranking between 2016 and 2018.
The holdings are more weighted towards banks, financial services, and healthcare, rather than consumer defensive and industrials, which is the Horizons ETF model. The top sectors are financial services (21%) and healthcare (13%), followed by industrials, technology, and consumer defensive at 10% each.
The ETF was launched in 2014 and has $9.4 billion in assets. The management fee is 0.08%.
Action now: Buy.
Adam Mayers in Gordon Pape’s Internet Wealth Builder, www.buildingwealth.ca, 1-888-287-
8229, December 1, 2019