iShares International Dividend Growth ETF

iShares International Dividend Growth ETF (IGRO) tracks the Morningstar Global ex-US Dividend Growth Index. The index holds non-US stocks that have raised their dividends for at least five years in a row, and the fund had 576 holdings as of June 30, 2026. It leaves out the highest-yielding stocks in each region. It costs 0.15% a year, below the 0.20% average for similar funds but above Vanguard's VIGI at 0.10%.

• Over the year to Oct 27, 2026, IGRO returned +16.7%, 6th of 9 among similar funds.
• Its 5-year annualized return was +9.2%.
• In the 2020 COVID crash it fell 35.5% and regained its old high 7.6 months after the low.
• Its worst full calendar year was 2018 (-14.8%); its best was 2019 (+26.1%).
• The deepest fall in its price history was 36.2% (Jan 2, 2020 to Mar 23, 2020), recovered by Nov 11, 2020.

As of Jun 30, 2026, the fund held 576 securities; the ten largest made up 27.52% of assets.

• Over the three months to Jun 30, 2026, investors added a net $4.4M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +4.94%, +0.99%, +0.58%.

IGRO is a BlackRock iShares fund that follows an index built by Morningstar. The index starts from the Morningstar Global Markets ex-US Index, which covers about 97% of the stock market value in developed and emerging markets outside the US. A company qualifies only if it pays a dividend and has raised it every year for at least five years. It must also have a payout ratio (the share of earnings paid out as dividends) below 75%. REITs are excluded. So are companies in the top 10% by dividend yield in their region. Very high yields can sometimes signal that a dividend is at risk.

Stocks are weighted by dividend dollars, meaning the total cash dividends a company paid over the past 12 months. Big payers get big weights, but each company is capped at 3%. As of March 31, 2026, the index covered 34 countries. It included large, mid-size and small companies, and it leaned toward consumer goods and services and toward financials.

BlackRock uses representative sampling. That means it buys a sample of index stocks picked to match the index's overall traits, so the fund may not hold every stock in the index. At least 80% of assets must be in index stocks. The fund may use futures and other derivatives, but they were a tiny slice of the fund as of June 30, 2026. It may also lend up to one-third of its assets to other market participants. Portfolio turnover was 56%.

• IGRO charges 0.15% a year, versus an average of 0.2% for the similar funds below (5th of 9, cheapest first).
• Using the prospectus's standard example, $10,000 invested would cost about $15 in the first year and $192 over 10 years (assuming a 5% annual return).

It adds non-US companies with steady dividend records, led by Japan, Canada and Switzerland, to portfolios that hold mostly US stocks.

IGRO could add international stocks with a record of steady dividend growth to a portfolio. Its income is modest: a 2.63% trailing yield as of October 27, 2026, paid quarterly. Costs are low. In the SEC's standard $10,000 example, you would pay $15 in the first year and $192 over 10 years. It is still a stock fund, though. It launched in 2016, so it has no record from 2008. In the 2020 COVID crash it fell 35.5% and took about 7.6 months to recover. From January to October 2022 it fell 26%, and it did not get back to its earlier peak until February 1, 2024. Its worst calendar year was 2018, when it lost 13.12%. Anyone who has to sell shares during a stretch like that would lock in losses. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.