The iShares Core Dividend Growth ETF is an exchange traded fund that seeks to track the investment results of the Morningstar U.S. Dividend Growth Index, an index composed of U.S. equities with a history of consistently growing dividends. The fund is managed by Blackrock, a major global provider of exchange traded funds, which is headquartered in New York City. The fund was established in 2014.
The fund primarily aims to provide investors with exposure to a broad range of U.S. stocks with a strong focus on dividend growth, providing access to companies that have a history of sustained dividend growth and that are broadly diversified across a number of industries. The fund has holdings in a wide variety of sectors, including financial, information technology, healthcare, consumer staples, consumer discretionary, and communication.
The distribution frequency of the fund is quarterly. The fund will generally invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. |
