GARP ETF — iShares MSCI USA Quality GARP ETF

iShares MSCI USA Quality GARP ETF (GARP)

Updated October 16, 2026.

GARP is a low-cost ETF that tracks the MSCI USA Quality GARP Index. its distribution rate is 0.24%, its trailing-12-month yield is 0.25%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 62/100 (Generally safe). Total return is 237.3% over the past 6.7 years, 83.6 points ahead of SPY at 153.7%.

This ETF tracks an index of large- and mid-capitalization U.S. stocks selected for quality and growth characteristics at reasonable valuations, following a growth-at-a-reasonable-price (GARP) investment approach. The fund distributes dividends quarterly and carries a very modest current distribution rate. It appeals to growth-oriented investors seeking exposure to quality U.S. equities rather than those primarily focused on high current income.

GARP performance versus SPY

Price and return data through 2026-10-16.

Total return is 237.3% over the past 6.7 years, 83.6 points ahead of SPY at 153.7%. Over the past year its total return — price change plus distributions reinvested — is 23.4%. Its deepest 1-year drawdown was 13.7%.

GARP key facts

Distribution Safety Score™

62 · Generally safe

Safety-Adjusted Yield

0.15%

Issuer

iShares

Asset type

ETF

Asset class

Equity

Inception date

01/14/2020

Expense ratio

0.15%

Distribution rate

0.24%

Distribution frequency

Quarterly

Trailing yield

0.25%

Last close

$81.04 (as of 2026-10-16)

AUM

$3,642,856,848

Average volume

698438.0

Dividend

$0.049

Ex-dividend date

09/15/2026

Payment date

09/18/2026

Beta

1.4181

How Dividend Vision calculates yield and returns

Distribution rate (0.24%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.25%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: iShares or company page; Index: MSCI USA Quality GARP Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

GARP risks and drawbacks

GARP's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 13.7%.

Who may consider GARP — and who may not

GARP may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors who need monthly cash flow (GARP pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on GARP

• All tickers starting with G

Tagged: Growth, Index, Large Cap.

Frequently asked questions

More securities from iShares.