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 4/30/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 5.75% | 3.92% | 13.41% | 10.77% | 18.40% | 10.26% | 4.66% | -- | 7.87% | 02/03/2015 |
| SMDV Market Price | 5.87% | 3.88% | 13.40% | 10.79% | 18.51% | 10.30% | 4.65% | -- | 7.87% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 5.80% | 4.03% | 13.66% | 10.95% | 18.89% | 10.68% | 5.06% | 8.21% | 8.33% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -3.67% | 4.75% | 4.75% | 4.75% | 7.75% | 7.00% | 3.76% | 7.15% | 7.39% | 02/03/2015 |
| SMDV Market Price | -3.76% | 4.65% | 4.62% | 4.65% | 7.62% | 6.99% | 3.70% | 7.12% | 7.38% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -3.64% | 4.87% | 4.96% | 4.87% | 8.18% | 7.41% | 4.16% | 7.60% | 7.84% | -- |
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
- Net Assets $666,694,628
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 5/31/2026- Number of Companies 101
- Price/Earnings Ratio 18.26
- Price/Book Ratio 1.67
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 $2.88 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 6/10/2026- NAV
- NAV Change
- Market Price $73.85
- Market Price Change $+0.15
- Trading Volume (M) 33,855
- View Premium / Discount
Distributions
as of 5/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.38%
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
- Net Assets $666,694,628
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 5/31/2026- Number of Companies 101
- Price/Earnings Ratio 18.26
- Price/Book Ratio 1.67
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 $2.88 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 6/10/2026- NAV
- NAV Change
- Market Price $73.85
- Market Price Change $+0.15
- Trading Volume (M) 33,855
- View Premium / Discount
Distributions
as of 5/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.38%
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 3/31/2026 and Fund as of 6/09/2026
Holdings
as of 6/09/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.57% | NSP | INSPERITY INC | -- | $10,481,218.48 | 281,224 | 2007281 |
| 1.52% | POWI | POWER INTEGRATIONS INC | -- | $10,153,836.10 | 135,910 | 2133045 |
| 1.51% | MTRN | MATERION CORP | -- | $10,040,587.05 | 43,415 | 2149622 |
| 1.30% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $8,667,670.98 | 102,189 | 2125246 |
| 1.25% | NPO | ENPRO INC | -- | $8,361,262.83 | 25,381 | 2951292 |
| 1.25% | GRC | GORMAN-RUPP CO | -- | $8,330,726.99 | 102,709 | 2379281 |
| 1.20% | PII | POLARIS INC | -- | $8,003,082.94 | 115,202 | 2692933 |
| 1.19% | MATX | MATSON INC | -- | $7,947,503.14 | 40,918 | B8GNC91 |
| 1.15% | FISI | FINANCIAL INSTITUTIONS INC | -- | $7,634,885.20 | 203,380 | 2596949 |
| 1.12% | GFF | GRIFFON CORP | -- | $7,459,752.69 | 80,847 | 2463344 |
| 1.12% | TMP | TOMPKINS FINANCIAL CORP | -- | $7,458,694.88 | 83,356 | 2888613 |
| 1.12% | CNS | COHEN & STEERS INC | -- | $7,447,164.48 | 96,366 | B02H882 |
| 1.10% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,357,596.24 | 24,952 | 2840174 |
| 1.10% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $7,346,287.48 | 167,113 | 2965668 |
| 1.09% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $7,247,462.22 | 104,823 | 2706470 |
| 1.08% | IOSP | INNOSPEC INC | -- | $7,190,720.79 | 86,813 | 2245597 |
| 1.08% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $7,172,064.00 | 221,360 | 2713395 |
| 1.07% | STBA | S & T BANCORP INC | -- | $7,148,447.47 | 153,697 | 2781109 |
| 1.07% | NBTB | N B T BANCORP INC | -- | $7,099,062.12 | 150,372 | 2626459 |
| 1.06% | ASB | ASSOCIATED BANC-CORP | -- | $7,063,715.90 | 248,810 | 2055718 |
| 1.06% | ANDE | ANDERSONS INC/THE | -- | $7,050,747.18 | 97,737 | 2274922 |
| 1.06% | BUSE | FIRST BUSEY CORP | -- | $7,032,865.84 | 249,304 | BZ1LBM5 |
| 1.05% | APOG | APOGEE ENTERPRISES INC | -- | $7,005,964.95 | 177,591 | 2046176 |
| 1.05% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $7,005,813.60 | 70,552 | 2763602 |
| 1.05% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,998,421.30 | 246,945 | 2619880 |
| 1.05% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,990,989.07 | 322,017 | 2810133 |
| 1.05% | FULT | FULTON FINANCIAL CORP | -- | $6,972,840.00 | 309,904 | 2356585 |
| 1.05% | PEBO | PEOPLES BANCORP INC | -- | $6,970,621.89 | 195,749 | 2679419 |
| 1.04% | UBSI | UNITED BANKSHARES INC | -- | $6,913,440.82 | 155,954 | 2905794 |
| 1.04% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,907,003.74 | 48,321 | 2715186 |
| 1.03% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,893,034.25 | 204,845 | 2485876 |
| 1.03% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,882,784.05 | 106,265 | 2222062 |
| 1.03% | HMN | HORACE MANN EDUCATORS | -- | $6,874,347.69 | 144,207 | 2437112 |
| 1.03% | SCL | STEPAN CO | -- | $6,833,850.80 | 130,417 | 2845005 |
| 1.02% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,828,739.82 | 202,393 | 2862156 |
| 1.02% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,828,626.70 | 177,690 | B019FW2 |
| 1.02% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,813,907.07 | 176,389 | BFZ9DB8 |
| 1.02% | TCBK | TRICO BANCSHARES | -- | $6,797,907.97 | 132,487 | 2904133 |
| 1.02% | FRME | FIRST MERCHANTS CORP | -- | $6,771,841.44 | 166,712 | 2342410 |
| 1.01% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,756,138.90 | 139,734 | 2086558 |
| 1.01% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $6,754,389.40 | 38,863 | 2363381 |
| 1.01% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,710,462.55 | 65,385 | 2350383 |
| 1.01% | TRN | TRINITY INDUSTRIES INC | -- | $6,703,679.15 | 196,301 | 2904627 |
| 1.01% | MBWM | MERCANTILE BANK CORP | -- | $6,703,538.77 | 124,393 | 2620257 |
| 1.00% | TRNO | TERRENO REALTY CORP | -- | $6,697,283.52 | 100,064 | B3N4753 |
| 1.00% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,646,810.20 | 375,526 | BXC87C3 |
| 1.00% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,644,080.72 | 110,056 | 2537528 |
| 1.00% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,639,309.14 | 228,469 | BWC6PW6 |
| 1.00% | AVA | AVISTA CORP | -- | $6,638,876.58 | 157,843 | 2942605 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,614,970.94 | 185,866 | 2953782 |
| 0.99% | FUL | H.B. FULLER CO. | -- | $6,609,482.59 | 106,553 | 2354664 |
| 0.99% | AWR | AMERICAN STATES WATER CO | -- | $6,583,500.28 | 83,146 | 2267171 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,548,457.92 | 58,064 | 2551551 |
| 0.98% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,539,883.84 | 20,448 | 2943620 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,535,697.58 | 81,078 | 2447821 |
| 0.98% | HY | HYSTER-YALE INC | -- | $6,525,976.15 | 187,259 | B7LG306 |
| 0.97% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,439,275.22 | 182,882 | 2492133 |
| 0.96% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,424,139.20 | 174,569 | B9HHD96 |
| 0.96% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,369,950.07 | 137,313 | 2165383 |
| 0.95% | ABM | ABM INDUSTRIES INC | -- | $6,314,350.68 | 142,794 | 2024901 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $6,290,334.75 | 189,525 | 2698146 |
| 0.94% | UVV | UNIVERSAL CORP/VA | -- | $6,267,160.26 | 118,226 | 2923804 |
| 0.94% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,252,582.00 | 114,800 | 2630513 |
| 0.93% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,230,749.68 | 244,056 | 2568090 |
| 0.93% | MSEX | MIDDLESEX WATER CO | -- | $6,229,906.50 | 115,690 | 2589466 |
| 0.93% | OTTR | OTTER TAIL CORP | -- | $6,203,804.98 | 69,526 | 2664103 |
| 0.93% | HTO | H2O AMERICA | -- | $6,199,239.64 | 107,551 | 2811932 |
| 0.92% | TXNM | TXNM ENERGY INC | -- | $6,143,111.82 | 106,319 | 2707826 |
| 0.92% | GATX | GATX CORP | -- | $6,126,049.80 | 34,996 | 2362128 |
| 0.92% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,113,556.99 | 357,309 | 2752730 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,089,399.58 | 243,771 | BZ16HK0 |
| 0.91% | UTL | UNITIL CORP | -- | $6,078,427.27 | 117,959 | 2925037 |
| 0.91% | AVNT | AVIENT CORP | -- | $6,065,034.15 | 171,087 | BMHWY55 |
| 0.91% | MGEE | MGE ENERGY INC | -- | $6,033,510.08 | 78,398 | 2554163 |
| 0.90% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,968,049.18 | 120,154 | BFNR303 |
| 0.89% | CTRE | CARETRUST REIT INC | -- | $5,908,909.50 | 156,735 | BMP8TL6 |
| 0.88% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,898,195.36 | 89,802 | B03PGL4 |
| 0.88% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,892,951.04 | 117,296 | B125XQ6 |
| 0.88% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,854,380.08 | 224,134 | B15RZR4 |
| 0.87% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,824,221.44 | 47,336 | 2190750 |
| 0.87% | BCPC | BALCHEM CORP | -- | $5,797,258.80 | 35,715 | 2072074 |
| 0.87% | YORW | YORK WATER CO | -- | $5,792,913.88 | 191,438 | 2425292 |
| 0.87% | BKH | BLACK HILLS CORP | -- | $5,772,144.80 | 85,160 | 2101741 |
| 0.86% | TR | TOOTSIE ROLL INDS | -- | $5,760,264.51 | 149,191 | 2896809 |
| 0.86% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,757,292.76 | 144,874 | 2927497 |
| 0.85% | ALG | ALAMO GROUP INC | -- | $5,695,312.64 | 37,234 | 2021634 |
| 0.85% | AMSF | AMERISAFE INC | -- | $5,689,991.12 | 182,138 | B0PPHS6 |
| 0.85% | WDFC | WD-40 CO | -- | $5,663,877.98 | 26,489 | 2944742 |
| 0.84% | LMAT | LEMAITRE VASCULAR INC | -- | $5,630,520.87 | 58,293 | B1G6TJ0 |
| 0.84% | JJSF | J & J SNACK FOODS CORP | -- | $5,584,525.44 | 72,564 | 2469171 |
| 0.83% | KAI | KADANT INC | -- | $5,553,881.13 | 18,921 | 2769978 |
| 0.83% | LNN | LINDSAY CORP | -- | $5,533,108.65 | 48,303 | 2516613 |
| 0.82% | BMI | BADGER METER INC | -- | $5,489,439.15 | 42,055 | 2069128 |
| 0.82% | SR | SPIRE INC | -- | $5,477,784.75 | 68,259 | BYXJQG9 |
| 0.82% | OGS | ONE GAS INC | -- | $5,465,388.00 | 71,913 | BJ0KXV4 |
| 0.82% | SCVL | SHOE CARNIVAL INC | -- | $5,458,510.20 | 323,180 | 2805474 |
| 0.75% | EXPO | EXPONENT INC | -- | $4,982,844.41 | 87,067 | 2330318 |
| 0.74% | HNI | HNI CORP | -- | $4,936,738.84 | 151,063 | 2435246 |
| 0.74% | LAND | GLADSTONE LAND CORP | -- | $4,931,184.72 | 533,678 | B83TNY4 |
| 0.70% | ENSG | ENSIGN GROUP INC/THE | -- | $4,689,792.00 | 30,208 | B1YWPP8 |
| 0.64% | MZTI | MARZETTI COMPANY/THE | -- | $4,241,985.60 | 38,560 | 2503206 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,529,862.79 | 1,529,863 | -- |
Index
as of 3/31/2026
- Total Number of Companies99
- Price/Earnings Ratio17.63
- Price/Book Ratio1.65
- Dividend Yield ( % )3.24
- Avg. Index Market Capitalization$2.78 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 |
|---|
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