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 9/30/2025
| 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% | -- |
| 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
- Distributions Quarterly
- Options Available Yes
Characteristics
as of 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 11/04/2025- NAV $65.16
- NAV Change $-0.10
- Market Price $65.16
- Market Price Change $-0.04
- Trading Volume (M) 18,488
- View Premium / Discount
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
- Distributions Quarterly
- Options Available Yes
Characteristics
as of 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 11/04/2025- NAV $65.16
- NAV Change $-0.10
- Market Price $65.16
- Market Price Change $-0.04
- Trading Volume (M) 18,488
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/03/2025
Holdings
as of 11/03/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | CSGS | CSG SYSTEMS INTL INC | -- | $7,394,656.68 | 94,428 | 2210885 |
| 1.19% | HI | HILLENBRAND INC | -- | $7,378,899.44 | 233,288 | B2QGDP1 |
| 1.15% | SR | SPIRE INC | -- | $7,114,737.30 | 81,015 | BYXJQG9 |
| 1.12% | ANDE | ANDERSONS INC/THE | -- | $6,902,446.80 | 147,804 | 2274922 |
| 1.11% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,862,698.45 | 29,259 | 2840174 |
| 1.10% | PII | POLARIS INC | -- | $6,790,573.40 | 103,436 | 2692933 |
| 1.10% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,770,190.24 | 146,256 | BFNR303 |
| 1.09% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $6,764,517.63 | 165,919 | B06RWD1 |
| 1.09% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,713,025.92 | 142,952 | B125XQ6 |
| 1.06% | OGS | ONE GAS INC | -- | $6,562,624.50 | 80,523 | BJ0KXV4 |
| 1.06% | BKH | BLACK HILLS CORP | -- | $6,547,760.79 | 102,517 | 2101741 |
| 1.06% | NPO | ENPRO INC | -- | $6,524,973.00 | 27,900 | 2951292 |
| 1.05% | UTL | UNITIL CORP | -- | $6,498,188.60 | 132,346 | 2925037 |
| 1.05% | ALE | ALLETE INC | -- | $6,474,404.30 | 96,145 | B02R1L6 |
| 1.05% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,471,396.63 | 222,921 | 2596949 |
| 1.05% | ENSG | ENSIGN GROUP INC/THE | -- | $6,467,243.48 | 35,171 | B1YWPP8 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,452,165.16 | 141,588 | 2379281 |
| 1.03% | CTRE | CARETRUST REIT INC | -- | $6,366,216.45 | 180,295 | BMP8TL6 |
| 1.03% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,341,280.00 | 105,600 | B03PGL4 |
| 1.02% | AVA | AVISTA CORP | -- | $6,329,905.10 | 165,965 | 2942605 |
| 1.02% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,313,131.90 | 48,735 | 2190750 |
| 1.01% | LAND | GLADSTONE LAND CORP | -- | $6,242,082.00 | 681,450 | B83TNY4 |
| 1.01% | MTRN | MATERION CORP | -- | $6,222,131.32 | 54,356 | 2149622 |
| 1.00% | EXPO | EXPONENT INC | -- | $6,175,390.02 | 85,686 | 2330318 |
| 1.00% | YORW | YORK WATER CO | -- | $6,160,611.38 | 197,329 | 2425292 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,122,952.10 | 107,609 | 2707826 |
| 0.99% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,106,629.18 | 217,086 | B9HHD96 |
| 0.99% | BMI | BADGER METER INC | -- | $6,090,106.75 | 33,475 | 2069128 |
| 0.99% | TCBK | TRICO BANCSHARES | -- | $6,089,338.00 | 135,620 | 2904133 |
| 0.99% | CADE | CADENCE BANK | -- | $6,088,260.64 | 162,008 | BMCS168 |
| 0.97% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,002,417.50 | 324,455 | 2752730 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $5,990,126.80 | 72,205 | 2554163 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $5,983,758.83 | 103,579 | B3N4753 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,933,665.80 | 21,831 | 2943620 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,877,177.30 | 81,969 | 2267171 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,874,606.45 | 228,495 | B15RZR4 |
| 0.95% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,874,515.01 | 174,993 | B019FW2 |
| 0.95% | HMN | HORACE MANN EDUCATORS | -- | $5,851,133.25 | 132,229 | 2437112 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,844,270.96 | 64,251 | 2763602 |
| 0.95% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,843,671.62 | 129,946 | 2165383 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,840,411.85 | 62,699 | 2350383 |
| 0.94% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,831,378.00 | 86,072 | 2447821 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,797,270.10 | 211,966 | 2698146 |
| 0.94% | MATX | MATSON INC | -- | $5,794,681.20 | 57,970 | B8GNC91 |
| 0.94% | BCPC | BALCHEM CORP | -- | $5,791,336.92 | 37,971 | 2072074 |
| 0.94% | HY | HYSTER-YALE INC | -- | $5,783,283.45 | 162,315 | B7LG306 |
| 0.93% | UBSI | UNITED BANKSHARES INC | -- | $5,758,215.06 | 159,906 | 2905794 |
| 0.93% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,757,922.50 | 245,750 | 2568090 |
| 0.93% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,753,630.91 | 153,553 | 2965668 |
| 0.93% | WSBC | WESBANCO INC | -- | $5,753,237.05 | 189,563 | 2953782 |
| 0.93% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,749,514.46 | 199,014 | 2713395 |
| 0.93% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,739,503.67 | 130,059 | 2630513 |
| 0.93% | STBA | S & T BANCORP INC | -- | $5,723,366.04 | 154,602 | 2781109 |
| 0.93% | CNS | COHEN & STEERS INC | -- | $5,717,446.34 | 84,353 | B02H882 |
| 0.93% | ASB | ASSOCIATED BANC-CORP | -- | $5,717,282.78 | 229,702 | 2055718 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,714,565.15 | 102,137 | 2222062 |
| 0.92% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,713,072.02 | 390,771 | BXC87C3 |
| 0.92% | TRN | TRINITY INDUSTRIES INC | -- | $5,704,130.16 | 214,119 | 2904627 |
| 0.92% | OTTR | OTTER TAIL CORP | -- | $5,687,104.04 | 72,949 | 2664103 |
| 0.92% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,678,492.24 | 87,523 | 2888613 |
| 0.92% | POWI | POWER INTEGRATIONS INC | -- | $5,671,432.54 | 136,267 | 2133045 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,670,753.55 | 138,955 | 2626459 |
| 0.92% | GATX | GATX CORP | -- | $5,666,872.31 | 36,511 | 2362128 |
| 0.92% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,654,610.78 | 147,949 | 2927497 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,650,467.82 | 234,362 | BZ16HK0 |
| 0.91% | GFF | GRIFFON CORP | -- | $5,648,793.96 | 75,237 | 2463344 |
| 0.91% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,647,063.25 | 171,175 | BFZ9DB8 |
| 0.91% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,643,378.22 | 197,459 | 2485876 |
| 0.91% | MSEX | MIDDLESEX WATER CO | -- | $5,639,162.88 | 112,964 | 2589466 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,637,982.90 | 42,359 | 2715186 |
| 0.91% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,634,760.76 | 186,458 | 2492133 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,630,068.22 | 98,119 | 2354664 |
| 0.91% | PEBO | PEOPLES BANCORP INC | -- | $5,628,599.83 | 197,981 | 2679419 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,628,419.60 | 247,948 | BZ1LBM5 |
| 0.91% | HTO | H2O AMERICA | -- | $5,601,288.00 | 121,240 | 2811932 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,595,782.40 | 110,240 | 2923804 |
| 0.90% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,580,251.00 | 142,172 | 2086558 |
| 0.90% | MBWM | MERCANTILE BANK CORP | -- | $5,574,070.08 | 125,712 | 2620257 |
| 0.90% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,568,989.51 | 246,743 | 2619880 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,540,525.76 | 149,906 | 2896809 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,538,518.10 | 315,765 | 2356585 |
| 0.89% | ABM | ABM INDUSTRIES INC | -- | $5,479,460.10 | 126,810 | 2024901 |
| 0.88% | WDFC | WD-40 CO | -- | $5,461,724.40 | 28,052 | 2944742 |
| 0.88% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,461,412.33 | 179,239 | BWC6PW6 |
| 0.88% | LMAT | LEMAITRE VASCULAR INC | -- | $5,456,055.32 | 62,771 | B1G6TJ0 |
| 0.88% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,418,389.60 | 104,845 | 2706470 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,394,628.44 | 183,866 | 2862156 |
| 0.86% | FRME | FIRST MERCHANTS CORP | -- | $5,334,579.25 | 149,219 | 2342410 |
| 0.86% | MGRC | MCGRATH RENTCORP | -- | $5,314,681.44 | 48,696 | 2551551 |
| 0.86% | AMSF | AMERISAFE INC | -- | $5,311,290.96 | 133,416 | B0PPHS6 |
| 0.85% | HNI | HNI CORP | -- | $5,267,935.16 | 130,978 | 2435246 |
| 0.85% | IOSP | INNOSPEC INC | -- | $5,257,947.15 | 71,391 | 2245597 |
| 0.85% | MZTI | MARZETTI COMPANY/THE | -- | $5,249,453.76 | 33,174 | 2503206 |
| 0.84% | AVNT | AVIENT CORP | -- | $5,204,210.08 | 162,226 | BMHWY55 |
| 0.84% | SCL | STEPAN CO | -- | $5,189,978.43 | 122,031 | 2845005 |
| 0.84% | ALG | ALAMO GROUP INC | -- | $5,189,525.25 | 29,245 | 2021634 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,187,764.79 | 90,081 | 2537528 |
| 0.84% | KAI | KADANT INC | -- | $5,179,391.91 | 18,711 | 2769978 |
| 0.83% | NSP | INSPERITY INC | -- | $5,109,959.52 | 113,328 | 2007281 |
| 0.82% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,082,041.88 | 293,082 | 2810133 |
| 0.81% | APOG | APOGEE ENTERPRISES INC | -- | $5,003,858.94 | 140,282 | 2046176 |
| 0.79% | LNN | LINDSAY CORP | -- | $4,885,900.86 | 43,558 | 2516613 |
| 0.77% | JJSF | J & J SNACK FOODS CORP | -- | $4,772,631.42 | 56,142 | 2469171 |
| 0.76% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,712,644.80 | 29,808 | 2363381 |
| 0.75% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,644,138.84 | 73,623 | 2125246 |
| 0.72% | SCVL | SHOE CARNIVAL INC | -- | $4,430,925.18 | 248,649 | 2805474 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,458,414.10 | 1,458,414 | -- |
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
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Dividend Growers Insights and Research
Is the Small-Cap Slumber Over?
Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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