SMDV invests in quality U.S. small-cap companies that have not only paid but grown dividends for 10+ years.*
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Performance
Growth of $10,000
Since Inception
Since Inception
Year-to-Date
1 Month
3 Months
6 Months
1 Year
3 Years
5 Years
10 Years
Chart is updated nightly to reflect the more recent of the previous day's market closing price or the closing price on the day the fund was last traded.
Total Return
Month-End Total Returns as of 2/28/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 2.01% | 8.30% | 6.59% | 8.74% | 7.15% | 6.48% | 5.75% | 8.22% | 7.81% | 02/03/2015 |
| SMDV Market Price | 1.94% | 8.33% | 6.65% | 8.73% | 7.22% | 6.47% | 5.70% | 8.15% | 7.81% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 2.05% | 8.41% | 6.80% | 8.83% | 7.57% | 6.87% | 6.16% | 8.68% | 8.27% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the fund. Market price returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. ET (when NAV is normally determined for most funds) and do not represent the returns you would receive if you traded shares at other times. Your brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted. For standardized returns and performance data current to the most recent month end, see above.
About the Fund
Snapshot
- Ticker SMDV
- Intraday Ticker SMDV.IV
- CUSIP 74347B698
- Inception Date 2/3/15
- Expense Ratio 0.40%
- NAV Calculation Time 4:00 p.m. ET
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- Price/Book Ratio 1.73
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Avg. Market Cap $2.90 billion
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
Price
as of 3/11/2026- NAV $68.83
- NAV Change $-0.51
- Market Price $68.84
- Market Price Change $-0.50
- Trading Volume (M) 62,200
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.45%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Snapshot
- Ticker SMDV
- Intraday Ticker SMDV.IV
- CUSIP 74347B698
- Inception Date 2/3/15
- Expense Ratio 0.40%
- NAV Calculation Time 4:00 p.m. ET
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- Price/Book Ratio 1.73
Price to book ratio measures market value of a fund or index relative to the collective book values of its component stocks.
- Avg. Market Cap $2.90 billion
Weighted average market cap is the average market value of a fund or index, weighted for the market capitalization (price times shares outstanding) of each component. In such a weighting scheme, larger market cap companies carry greater weight than smaller market cap companies.
Price
as of 3/11/2026- NAV $68.83
- NAV Change $-0.51
- Market Price $68.84
- Market Price Change $-0.50
- Trading Volume (M) 62,200
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.45%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 12/31/2025 and Fund as of 3/11/2026
Holdings
as of 3/11/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.28% | ANDE | ANDERSONS INC/THE | -- | $8,022,539.76 | 118,344 | 2274922 |
| 1.25% | MATX | MATSON INC | -- | $7,828,618.70 | 50,855 | B8GNC91 |
| 1.24% | GRC | GORMAN-RUPP CO | -- | $7,781,855.70 | 127,970 | 2379281 |
| 1.24% | LAND | GLADSTONE LAND CORP | -- | $7,746,563.60 | 648,248 | B83TNY4 |
| 1.21% | POWI | POWER INTEGRATIONS INC | -- | $7,594,900.35 | 162,111 | 2133045 |
| 1.21% | LMAT | LEMAITRE VASCULAR INC | -- | $7,568,245.62 | 70,018 | B1G6TJ0 |
| 1.13% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,077,789.99 | 131,289 | 2630513 |
| 1.13% | WDFC | WD-40 CO | -- | $7,073,060.55 | 31,029 | 2944742 |
| 1.12% | GTY | GETTY REALTY CORP | -- | $7,030,974.72 | 211,904 | 2698146 |
| 1.12% | ENSG | ENSIGN GROUP INC/THE | -- | $6,998,691.37 | 33,259 | B1YWPP8 |
| 1.11% | HTO | H2O AMERICA | -- | $6,939,129.46 | 123,538 | 2811932 |
| 1.09% | KAI | KADANT INC | -- | $6,838,061.44 | 20,552 | 2769978 |
| 1.09% | AVNT | AVIENT CORP | -- | $6,836,497.05 | 192,849 | BMHWY55 |
| 1.08% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,778,532.04 | 240,886 | B15RZR4 |
| 1.08% | MTRN | MATERION CORP | -- | $6,775,092.72 | 47,256 | 2149622 |
| 1.07% | BCPC | BALCHEM CORP | -- | $6,720,864.84 | 39,324 | 2072074 |
| 1.07% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,686,169.18 | 21,702 | 2943620 |
| 1.07% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $6,682,032.02 | 182,669 | 2965668 |
| 1.06% | NPO | ENPRO INC | -- | $6,646,769.82 | 26,118 | 2951292 |
| 1.06% | TR | TOOTSIE ROLL INDS | -- | $6,645,992.97 | 162,177 | 2896809 |
| 1.05% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,594,508.48 | 127,999 | BFNR303 |
| 1.05% | TRN | TRINITY INDUSTRIES INC | -- | $6,592,801.60 | 214,052 | 2904627 |
| 1.04% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,528,835.10 | 256,435 | BZ16HK0 |
| 1.03% | OGS | ONE GAS INC | -- | $6,473,851.70 | 75,155 | BJ0KXV4 |
| 1.03% | SR | SPIRE INC | -- | $6,459,217.96 | 71,801 | BYXJQG9 |
| 1.03% | UTL | UNITIL CORP | -- | $6,441,279.30 | 123,633 | 2925037 |
| 1.02% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,408,256.75 | 24,445 | 2840174 |
| 1.02% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,393,021.20 | 177,092 | B9HHD96 |
| 1.02% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,364,096.20 | 148,555 | 2927497 |
| 1.01% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,349,655.61 | 121,851 | B125XQ6 |
| 1.01% | MBWM | MERCANTILE BANK CORP | -- | $6,349,644.00 | 127,120 | 2620257 |
| 1.01% | ALG | ALAMO GROUP INC | -- | $6,315,703.92 | 35,901 | 2021634 |
| 1.01% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,313,405.28 | 387,088 | BXC87C3 |
| 1.00% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,246,880.64 | 241,472 | 2568090 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $6,245,062.20 | 156,990 | BMP8TL6 |
| 1.00% | LNN | LINDSAY CORP | -- | $6,239,432.16 | 49,788 | 2516613 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $6,211,349.88 | 311,502 | 2356585 |
| 0.99% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,188,217.00 | 245,175 | 2619880 |
| 0.99% | OTTR | OTTER TAIL CORP | -- | $6,183,262.80 | 72,066 | 2664103 |
| 0.99% | GATX | GATX CORP | -- | $6,177,366.08 | 35,372 | 2362128 |
| 0.99% | PEBO | PEOPLES BANCORP INC | -- | $6,163,009.39 | 195,589 | 2679419 |
| 0.98% | SCVL | SHOE CARNIVAL INC | -- | $6,161,526.58 | 337,433 | 2805474 |
| 0.98% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,138,864.16 | 82,556 | 2888613 |
| 0.98% | UBSI | UNITED BANKSHARES INC | -- | $6,135,033.52 | 155,672 | 2905794 |
| 0.98% | CSGS | CSG SYSTEMS INTL INC | -- | $6,134,246.82 | 76,851 | 2210885 |
| 0.98% | BUSE | FIRST BUSEY CORP | -- | $6,130,432.00 | 246,400 | BZ1LBM5 |
| 0.98% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,127,185.55 | 137,227 | 2086558 |
| 0.98% | SCL | STEPAN CO | -- | $6,112,358.56 | 131,054 | 2845005 |
| 0.98% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,100,674.56 | 103,612 | 2706470 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,058,041.99 | 317,009 | 2810133 |
| 0.97% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,054,648.75 | 80,375 | 2447821 |
| 0.97% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,045,047.05 | 90,265 | B03PGL4 |
| 0.96% | MGRC | MCGRATH RENTCORP | -- | $6,013,069.00 | 57,404 | 2551551 |
| 0.96% | CNS | COHEN & STEERS INC | -- | $6,009,610.84 | 95,149 | B02H882 |
| 0.96% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,006,324.90 | 172,101 | BFZ9DB8 |
| 0.96% | WSBC | WESBANCO INC | -- | $6,001,819.70 | 181,105 | 2953782 |
| 0.95% | TRNO | TERRENO REALTY CORP | -- | $5,959,644.85 | 95,035 | B3N4753 |
| 0.95% | AVA | AVISTA CORP | -- | $5,952,319.14 | 152,898 | 2942605 |
| 0.95% | TXNM | TXNM ENERGY INC | -- | $5,948,792.08 | 101,654 | 2707826 |
| 0.95% | GFF | GRIFFON CORP | -- | $5,938,673.50 | 80,090 | 2463344 |
| 0.95% | BKH | BLACK HILLS CORP | -- | $5,934,681.12 | 84,624 | 2101741 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $5,922,069.28 | 113,276 | 2923804 |
| 0.94% | STBA | S & T BANCORP INC | -- | $5,906,540.64 | 147,516 | 2781109 |
| 0.94% | HNI | HNI CORP | -- | $5,905,651.20 | 144,640 | 2435246 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $5,899,897.78 | 80,887 | 2267171 |
| 0.94% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,893,151.11 | 45,829 | 2190750 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,887,480.94 | 62,887 | 2350383 |
| 0.94% | MSEX | MIDDLESEX WATER CO | -- | $5,859,333.63 | 114,017 | 2589466 |
| 0.94% | FRME | FIRST MERCHANTS CORP | -- | $5,856,504.54 | 158,541 | 2342410 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,840,875.50 | 176,675 | 2492133 |
| 0.93% | FUL | H.B. FULLER CO. | -- | $5,836,007.86 | 101,779 | 2354664 |
| 0.93% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,826,397.92 | 191,784 | 2596949 |
| 0.93% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,812,475.12 | 100,876 | 2222062 |
| 0.93% | TCBK | TRICO BANCSHARES | -- | $5,810,719.80 | 123,764 | 2904133 |
| 0.93% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,810,148.14 | 131,869 | 2165383 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,794,641.18 | 140,886 | 2626459 |
| 0.93% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,792,990.70 | 190,246 | 2862156 |
| 0.92% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,777,058.76 | 193,796 | 2485876 |
| 0.92% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,763,927.25 | 101,567 | 2537528 |
| 0.92% | HMN | HORACE MANN EDUCATORS | -- | $5,732,569.00 | 135,650 | 2437112 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,668,444.34 | 175,006 | B7LG306 |
| 0.91% | MZTI | MARZETTI COMPANY/THE | -- | $5,664,138.36 | 37,006 | 2503206 |
| 0.90% | EXPO | EXPONENT INC | -- | $5,660,524.90 | 80,830 | 2330318 |
| 0.90% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,648,242.78 | 91,946 | 2125246 |
| 0.90% | ASB | ASSOCIATED BANC-CORP | -- | $5,617,091.73 | 226,587 | 2055718 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,591,330.40 | 43,957 | 2715186 |
| 0.89% | MGEE | MGE ENERGY INC | -- | $5,579,194.30 | 75,242 | 2554163 |
| 0.89% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,567,269.50 | 62,907 | 2763602 |
| 0.89% | YORW | YORK WATER CO | -- | $5,549,754.47 | 178,621 | 2425292 |
| 0.88% | IOSP | INNOSPEC INC | -- | $5,500,393.80 | 78,870 | 2245597 |
| 0.88% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,482,865.28 | 160,224 | B019FW2 |
| 0.87% | ABM | ABM INDUSTRIES INC | -- | $5,420,015.92 | 132,616 | 2024901 |
| 0.86% | JJSF | J & J SNACK FOODS CORP | -- | $5,393,958.78 | 65,058 | 2469171 |
| 0.86% | APOG | APOGEE ENTERPRISES INC | -- | $5,365,201.87 | 157,199 | 2046176 |
| 0.84% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,271,805.82 | 33,662 | 2363381 |
| 0.84% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,253,893.12 | 199,616 | BWC6PW6 |
| 0.84% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,244,292.17 | 189,393 | 2713395 |
| 0.84% | AMSF | AMERISAFE INC | -- | $5,243,009.80 | 159,362 | B0PPHS6 |
| 0.82% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,099,596.12 | 305,548 | 2752730 |
| 0.77% | BMI | BADGER METER INC | -- | $4,824,134.52 | 32,853 | 2069128 |
| 0.75% | PII | POLARIS INC | -- | $4,693,319.58 | 87,742 | 2692933 |
| 0.54% | NSP | INSPERITY INC | -- | $3,351,757.00 | 168,430 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,557,666.37 | 1,557,666 | -- |
Index
as of 12/31/2025
- Total Number of Companies104
- Price/Earnings Ratio18.48
- Price/Book Ratio1.61
- Dividend Yield ( % )3.26
- Avg. Index Market Capitalization$2.67 billion
About the Index
The Russell 2000 Dividend Growth Index is designed to measure the performance of companies in the Russell 2000 Index that have consistently increased dividends each year for at least the last 10 years.
Distributions
For
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Dividend Growers Insights and Research
Dividend Growth in Times of Turbulence
As a group, the Dividend Aristocrats®—quality companies with the longest records of dividend growth—showed greater resilience than the broader markets during the recent downturn.
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