- IGRO tracks the dividend dollar-weighted Morningstar Global ex-US Dividend Growth Index. The benchmark is not pursuing high-yielders; instead, it focuses on dividend consistency and growth.
- Most of the fund's net assets are currently allocated to Canada (19.2% of the portfolio), Japan (13.5%), and the United Kingdom (12.7%). The most significant EM in IGRO's portfolio is China.
- The underlying index's rule related to the size of the dividend yield that penalizes top payers is, in my view, a strange and unnecessary one.
For further details see:
IGRO: Imperfect Methodology Is A Key Weakness