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 11/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 2.80% | -1.58% | 5.25% | 0.75% | -8.16% | 3.56% | 6.70% | 7.20% | 7.20% | 02/03/2015 |
| SMDV Market Price | 2.73% | -1.55% | 5.28% | 0.64% | -8.34% | 3.57% | 6.69% | 7.19% | 7.20% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 2.84% | -1.49% | 5.47% | 1.11% | -7.82% | 3.94% | 7.12% | 7.66% | 7.66% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 7.28% | 02/03/2015 |
| SMDV Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -1.95% | 3.14% | 3.07% | 0.63% | -0.84% | 9.75% | 10.41% | 8.61% | 7.73% | -- |
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 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 1/02/2026- NAV $66.29
- NAV Change $+0.21
- Market Price $66.23
- Market Price Change $+0.15
- Trading Volume (M) 15,341
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.61%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 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 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 1/02/2026- NAV $66.29
- NAV Change $+0.21
- Market Price $66.23
- Market Price Change $+0.15
- Trading Volume (M) 15,341
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.61%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- Distribution Details
Exposures
Index as of 9/30/2025 and Fund as of 12/31/2025
Holdings
as of 12/31/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.06% | NSP | INSPERITY INC | -- | $6,524,707.20 | 168,510 | 2007281 |
| 1.03% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,359,055.50 | 387,275 | BXC87C3 |
| 1.03% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,310,435.28 | 241,594 | 2568090 |
| 1.02% | MATX | MATSON INC | -- | $6,285,606.25 | 50,875 | B8GNC91 |
| 1.02% | ANDE | ANDERSONS INC/THE | -- | $6,271,912.85 | 118,405 | 2274922 |
| 1.02% | HMN | HORACE MANN EDUCATORS | -- | $6,267,503.42 | 135,719 | 2437112 |
| 1.01% | SCL | STEPAN CO | -- | $6,209,890.56 | 131,121 | 2845005 |
| 1.00% | AMSF | AMERISAFE INC | -- | $6,128,661.19 | 159,559 | B0PPHS6 |
| 1.00% | CADE | CADENCE BANK | -- | $6,122,949.84 | 142,926 | BMCS168 |
| 0.99% | MBWM | MERCANTILE BANK CORP | -- | $6,117,213.70 | 127,177 | 2620257 |
| 0.99% | GRC | GORMAN-RUPP CO | -- | $6,113,432.50 | 128,030 | 2379281 |
| 0.99% | WDFC | WD-40 CO | -- | $6,113,154.30 | 31,047 | 2944742 |
| 0.99% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,107,945.94 | 305,703 | 2752730 |
| 0.99% | MZTI | MARZETTI COMPANY/THE | -- | $6,086,663.98 | 37,019 | 2503206 |
| 0.99% | HNI | HNI CORP | -- | $6,083,566.36 | 144,709 | 2435246 |
| 0.99% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,078,130.50 | 172,185 | BFZ9DB8 |
| 0.98% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,058,092.60 | 131,355 | 2630513 |
| 0.98% | FUL | H.B. FULLER CO. | -- | $6,054,871.26 | 101,831 | 2354664 |
| 0.98% | HTO | H2O AMERICA | -- | $6,054,870.06 | 123,594 | 2811932 |
| 0.98% | IOSP | INNOSPEC INC | -- | $6,039,694.86 | 78,909 | 2245597 |
| 0.98% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,038,893.80 | 43,980 | 2715186 |
| 0.98% | ALG | ALAMO GROUP INC | -- | $6,037,780.29 | 35,967 | 2021634 |
| 0.98% | BCPC | BALCHEM CORP | -- | $6,033,949.20 | 39,345 | 2072074 |
| 0.98% | AVNT | AVIENT CORP | -- | $6,027,570.56 | 192,944 | BMHWY55 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,025,920.04 | 57,428 | 2551551 |
| 0.98% | FULT | FULTON FINANCIAL CORP | -- | $6,024,271.82 | 311,654 | 2356585 |
| 0.98% | WSBC | WESBANCO INC | -- | $6,022,888.56 | 181,194 | 2953782 |
| 0.98% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,011,301.10 | 199,711 | BWC6PW6 |
| 0.98% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,010,078.89 | 62,913 | 2350383 |
| 0.98% | GATX | GATX CORP | -- | $6,002,822.40 | 35,394 | 2362128 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,994,602.36 | 21,718 | 2943620 |
| 0.97% | UTL | UNITIL CORP | -- | $5,991,931.12 | 123,698 | 2925037 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,989,934.44 | 82,597 | 2888613 |
| 0.97% | TXNM | TXNM ENERGY INC | -- | $5,987,566.08 | 101,691 | 2707826 |
| 0.97% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,985,430.92 | 128,058 | BFNR303 |
| 0.97% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,980,930.77 | 191,881 | 2596949 |
| 0.97% | UBSI | UNITED BANKSHARES INC | -- | $5,980,646.40 | 155,746 | 2905794 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,978,522.55 | 317,163 | 2810133 |
| 0.97% | UVV | UNIVERSAL CORP/VA | -- | $5,978,104.75 | 113,329 | 2923804 |
| 0.97% | CNS | COHEN & STEERS INC | -- | $5,976,656.00 | 95,200 | B02H882 |
| 0.97% | FRME | FIRST MERCHANTS CORP | -- | $5,945,265.00 | 158,625 | 2342410 |
| 0.97% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,942,763.19 | 62,933 | 2763602 |
| 0.97% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,942,414.80 | 190,340 | 2862156 |
| 0.97% | SR | SPIRE INC | -- | $5,940,837.20 | 71,836 | BYXJQG9 |
| 0.96% | LAND | GLADSTONE LAND CORP | -- | $5,934,415.50 | 648,570 | B83TNY4 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,916,296.66 | 256,561 | BZ16HK0 |
| 0.96% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,913,724.31 | 33,683 | 2363381 |
| 0.96% | MGEE | MGE ENERGY INC | -- | $5,903,379.18 | 75,279 | 2554163 |
| 0.96% | GFF | GRIFFON CORP | -- | $5,901,353.55 | 80,127 | 2463344 |
| 0.96% | HI | HILLENBRAND INC | -- | $5,899,127.00 | 185,975 | B2QGDP1 |
| 0.96% | CSGS | CSG SYSTEMS INTL INC | -- | $5,896,770.79 | 76,891 | 2210885 |
| 0.96% | AVA | AVISTA CORP | -- | $5,895,463.80 | 152,970 | 2942605 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,892,347.49 | 193,891 | 2485876 |
| 0.96% | JJSF | J & J SNACK FOODS CORP | -- | $5,882,364.04 | 65,092 | 2469171 |
| 0.96% | BKH | BLACK HILLS CORP | -- | $5,877,444.30 | 84,665 | 2101741 |
| 0.96% | MTRN | MATERION CORP | -- | $5,877,352.32 | 47,276 | 2149622 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $5,876,450.58 | 195,686 | 2679419 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,876,435.88 | 80,411 | 2447821 |
| 0.95% | LNN | LINDSAY CORP | -- | $5,870,986.83 | 49,809 | 2516613 |
| 0.95% | TCBK | TRICO BANCSHARES | -- | $5,865,732.36 | 123,828 | 2904133 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,865,588.96 | 80,927 | 2267171 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $5,864,734.59 | 246,521 | BZ1LBM5 |
| 0.95% | KAI | KADANT INC | -- | $5,859,441.16 | 20,558 | 2769978 |
| 0.95% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,857,185.50 | 103,667 | 2706470 |
| 0.95% | NBTB | N B T BANCORP INC | -- | $5,852,410.08 | 140,954 | 2626459 |
| 0.95% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,850,700.85 | 121,915 | B125XQ6 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,839,817.76 | 226,701 | 2055718 |
| 0.95% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,828,413.78 | 90,307 | B03PGL4 |
| 0.95% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,827,743.09 | 148,629 | 2927497 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,826,320.19 | 72,099 | 2664103 |
| 0.94% | OGS | ONE GAS INC | -- | $5,808,582.00 | 75,192 | BJ0KXV4 |
| 0.94% | STBA | S & T BANCORP INC | -- | $5,807,745.20 | 147,592 | 2781109 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,802,713.70 | 212,010 | 2698146 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,801,274.05 | 245,297 | 2619880 |
| 0.94% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,798,494.26 | 101,621 | 2537528 |
| 0.94% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,797,361.76 | 100,929 | 2222062 |
| 0.94% | ENSG | ENSIGN GROUP INC/THE | -- | $5,795,982.40 | 33,272 | B1YWPP8 |
| 0.94% | TR | TOOTSIE ROLL INDS | -- | $5,770,214.01 | 157,527 | 2896809 |
| 0.94% | POWI | POWER INTEGRATIONS INC | -- | $5,764,161.52 | 162,188 | 2133045 |
| 0.93% | MSEX | MIDDLESEX WATER CO | -- | $5,751,409.40 | 114,070 | 2589466 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,750,002.80 | 176,760 | 2492133 |
| 0.93% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,740,667.64 | 241,002 | B15RZR4 |
| 0.93% | BMI | BADGER METER INC | -- | $5,733,205.52 | 32,872 | 2069128 |
| 0.93% | APOG | APOGEE ENTERPRISES INC | -- | $5,726,382.75 | 157,275 | 2046176 |
| 0.93% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,720,620.28 | 45,853 | 2190750 |
| 0.93% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,716,916.87 | 131,939 | 2165383 |
| 0.93% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,700,405.36 | 137,293 | 2086558 |
| 0.93% | SCVL | SHOE CARNIVAL INC | -- | $5,698,620.48 | 337,596 | 2805474 |
| 0.92% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,690,501.40 | 91,990 | 2125246 |
| 0.92% | YORW | YORK WATER CO | -- | $5,689,999.04 | 178,706 | 2425292 |
| 0.92% | LMAT | LEMAITRE VASCULAR INC | -- | $5,681,217.20 | 70,052 | B1G6TJ0 |
| 0.92% | CTRE | CARETRUST REIT INC | -- | $5,679,542.72 | 157,067 | BMP8TL6 |
| 0.92% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,677,790.58 | 160,299 | B019FW2 |
| 0.92% | TRN | TRINITY INDUSTRIES INC | -- | $5,662,311.08 | 214,157 | 2904627 |
| 0.91% | EXPO | EXPONENT INC | -- | $5,617,299.66 | 80,871 | 2330318 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,612,279.40 | 132,678 | 2024901 |
| 0.91% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,597,969.43 | 182,761 | 2965668 |
| 0.91% | NPO | ENPRO INC | -- | $5,594,574.51 | 26,127 | 2951292 |
| 0.91% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,593,597.20 | 189,485 | 2713395 |
| 0.91% | TRNO | TERRENO REALTY CORP | -- | $5,582,029.38 | 95,078 | B3N4753 |
| 0.91% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,568,861.69 | 177,183 | B9HHD96 |
| 0.90% | PII | POLARIS INC | -- | $5,552,780.75 | 87,791 | 2692933 |
| 0.86% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,315,103.36 | 24,462 | 2840174 |
| 0.85% | HY | HYSTER-YALE INC | -- | $5,201,864.48 | 175,088 | B7LG306 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $2,216,552.18 | 2,216,552 | -- |
Index
as of 9/30/2025
- Total Number of Companies106
- Price/Earnings Ratio19.31
- Price/Book Ratio1.65
- Dividend Yield ( % )3.33
- Avg. Index Market Capitalization$2.70 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
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