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 10/27/2025- NAV $66.88
- NAV Change $-0.23
- Market Price $66.89
- Market Price Change $-0.20
- Trading Volume (M) 14,577
- 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 10/27/2025- NAV $66.88
- NAV Change $-0.23
- Market Price $66.89
- Market Price Change $-0.20
- Trading Volume (M) 14,577
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 10/27/2025
Holdings
as of 10/27/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.16% | PII | POLARIS INC | -- | $7,402,407.39 | 103,981 | 2692933 |
| 1.16% | HI | HILLENBRAND INC | -- | $7,366,210.38 | 234,518 | B2QGDP1 |
| 1.16% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $7,362,287.16 | 166,794 | B06RWD1 |
| 1.13% | MTRN | MATERION CORP | -- | $7,222,993.79 | 54,641 | 2149622 |
| 1.13% | SR | SPIRE INC | -- | $7,216,398.40 | 81,440 | BYXJQG9 |
| 1.11% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,075,243.56 | 29,414 | 2840174 |
| 1.11% | MSEX | MIDDLESEX WATER CO | -- | $7,036,115.64 | 113,559 | 2589466 |
| 1.10% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,988,145.78 | 147,026 | BFNR303 |
| 1.09% | ANDE | ANDERSONS INC/THE | -- | $6,953,731.20 | 148,584 | 2274922 |
| 1.07% | BKH | BLACK HILLS CORP | -- | $6,793,517.44 | 103,057 | 2101741 |
| 1.06% | OGS | ONE GAS INC | -- | $6,732,445.16 | 80,948 | BJ0KXV4 |
| 1.05% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,673,520.88 | 143,702 | B125XQ6 |
| 1.05% | UTL | UNITIL CORP | -- | $6,661,362.87 | 133,041 | 2925037 |
| 1.04% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,599,627.20 | 224,096 | 2596949 |
| 1.04% | ENSG | ENSIGN GROUP INC/THE | -- | $6,593,894.00 | 35,356 | B1YWPP8 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,592,864.56 | 142,333 | 2379281 |
| 1.03% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,585,856.20 | 106,155 | B03PGL4 |
| 1.02% | ALE | ALLETE INC | -- | $6,510,344.00 | 96,650 | B02R1L6 |
| 1.02% | AVA | AVISTA CORP | -- | $6,506,760.00 | 166,840 | 2942605 |
| 1.02% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,481,910.22 | 130,631 | 2165383 |
| 1.02% | CTRE | CARETRUST REIT INC | -- | $6,477,696.30 | 181,245 | BMP8TL6 |
| 1.02% | YORW | YORK WATER CO | -- | $6,470,796.78 | 198,369 | 2425292 |
| 1.01% | NPO | ENPRO INC | -- | $6,444,180.10 | 28,045 | 2951292 |
| 1.01% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,441,205.20 | 48,990 | 2190750 |
| 1.01% | CSGS | CSG SYSTEMS INTL INC | -- | $6,418,693.26 | 94,923 | 2210885 |
| 1.00% | TRNO | TERRENO REALTY CORP | -- | $6,363,017.64 | 104,124 | B3N4753 |
| 0.99% | LAND | GLADSTONE LAND CORP | -- | $6,295,471.65 | 685,035 | B83TNY4 |
| 0.99% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,285,199.55 | 326,165 | 2752730 |
| 0.98% | AWR | AMERICAN STATES WATER CO | -- | $6,270,563.90 | 82,399 | 2267171 |
| 0.98% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,269,632.98 | 218,226 | B9HHD96 |
| 0.98% | MGEE | MGE ENERGY INC | -- | $6,235,777.35 | 72,585 | 2554163 |
| 0.98% | HTO | H2O AMERICA | -- | $6,223,192.80 | 121,880 | 2811932 |
| 0.98% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,208,356.50 | 63,029 | 2350383 |
| 0.97% | CADE | CADENCE BANK | -- | $6,203,451.67 | 162,863 | BMCS168 |
| 0.97% | BMI | BADGER METER INC | -- | $6,163,670.50 | 33,650 | 2069128 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $6,141,037.98 | 108,174 | 2707826 |
| 0.95% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,079,793.01 | 200,059 | 2713395 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $6,077,070.12 | 213,081 | 2698146 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $6,069,880.80 | 215,244 | 2904627 |
| 0.95% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,065,654.94 | 21,946 | 2943620 |
| 0.95% | CNS | COHEN & STEERS INC | -- | $6,063,904.98 | 84,798 | B02H882 |
| 0.95% | HY | HYSTER-YALE INC | -- | $6,063,397.20 | 163,170 | B7LG306 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,034,091.22 | 64,591 | 2763602 |
| 0.94% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,012,706.34 | 175,913 | B019FW2 |
| 0.94% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,976,308.24 | 130,744 | 2630513 |
| 0.94% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,975,523.44 | 187,438 | 2492133 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $5,964,656.25 | 136,335 | 2904133 |
| 0.93% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,933,151.00 | 229,700 | B15RZR4 |
| 0.93% | FUL | H.B. FULLER CO. | -- | $5,926,917.06 | 98,634 | 2354664 |
| 0.93% | HNI | HNI CORP | -- | $5,918,476.60 | 131,668 | 2435246 |
| 0.93% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,909,794.10 | 86,527 | 2447821 |
| 0.93% | WSBC | WESBANCO INC | -- | $5,905,547.37 | 190,563 | 2953782 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $5,903,154.84 | 132,924 | 2437112 |
| 0.93% | BCPC | BALCHEM CORP | -- | $5,897,801.21 | 38,171 | 2072074 |
| 0.93% | POWI | POWER INTEGRATIONS INC | -- | $5,895,705.28 | 136,982 | 2133045 |
| 0.93% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,891,319.36 | 102,672 | 2222062 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,883,060.76 | 199,021 | 2679419 |
| 0.92% | UBSI | UNITED BANKSHARES INC | -- | $5,876,873.76 | 160,746 | 2905794 |
| 0.92% | ASB | ASSOCIATED BANC-CORP | -- | $5,858,237.44 | 230,912 | 2055718 |
| 0.92% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,857,028.31 | 87,983 | 2888613 |
| 0.92% | EXPO | EXPONENT INC | -- | $5,837,436.72 | 86,136 | 2330318 |
| 0.91% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,809,252.00 | 172,075 | BFZ9DB8 |
| 0.91% | GFF | GRIFFON CORP | -- | $5,807,024.96 | 75,632 | 2463344 |
| 0.91% | GATX | GATX CORP | -- | $5,804,263.15 | 36,701 | 2362128 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,792,464.00 | 127,475 | 2024901 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,782,669.60 | 249,253 | BZ1LBM5 |
| 0.91% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,780,853.00 | 247,045 | 2568090 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,771,505.60 | 110,820 | 2923804 |
| 0.90% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,734,430.98 | 235,597 | BZ16HK0 |
| 0.90% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,732,273.73 | 248,043 | 2619880 |
| 0.90% | STBA | S & T BANCORP INC | -- | $5,716,237.26 | 155,417 | 2781109 |
| 0.90% | KAI | KADANT INC | -- | $5,713,088.81 | 18,811 | 2769978 |
| 0.90% | MATX | MATSON INC | -- | $5,710,950.00 | 58,275 | B8GNC91 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,700,953.00 | 317,425 | 2356585 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,699,081.96 | 154,363 | 2965668 |
| 0.89% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,695,977.00 | 392,826 | BXC87C3 |
| 0.89% | OTTR | OTTER TAIL CORP | -- | $5,695,851.78 | 73,334 | 2664103 |
| 0.89% | NBTB | N B T BANCORP INC | -- | $5,690,766.90 | 139,685 | 2626459 |
| 0.89% | LMAT | LEMAITRE VASCULAR INC | -- | $5,686,662.12 | 63,101 | B1G6TJ0 |
| 0.89% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,685,437.16 | 142,922 | 2086558 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,670,059.60 | 42,584 | 2715186 |
| 0.89% | MBWM | MERCANTILE BANK CORP | -- | $5,658,938.16 | 126,372 | 2620257 |
| 0.88% | MGRC | MCGRATH RENTCORP | -- | $5,599,994.40 | 48,951 | 2551551 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,558,018.52 | 184,836 | 2862156 |
| 0.87% | SCL | STEPAN CO | -- | $5,554,542.88 | 122,671 | 2845005 |
| 0.87% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,550,032.04 | 198,499 | 2485876 |
| 0.87% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,526,913.80 | 105,395 | 2706470 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,524,238.04 | 134,116 | B0PPHS6 |
| 0.87% | FRME | FIRST MERCHANTS CORP | -- | $5,512,647.00 | 150,004 | 2342410 |
| 0.87% | WDFC | WD-40 CO | -- | $5,510,106.76 | 28,202 | 2944742 |
| 0.86% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,504,162.95 | 180,169 | BWC6PW6 |
| 0.86% | APOG | APOGEE ENTERPRISES INC | -- | $5,478,704.70 | 141,022 | 2046176 |
| 0.86% | MZTI | MARZETTI COMPANY/THE | -- | $5,447,559.15 | 33,349 | 2503206 |
| 0.85% | ALG | ALAMO GROUP INC | -- | $5,439,588.00 | 29,400 | 2021634 |
| 0.85% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,421,172.05 | 148,729 | 2927497 |
| 0.85% | IOSP | INNOSPEC INC | -- | $5,398,238.52 | 71,766 | 2245597 |
| 0.84% | TR | TOOTSIE ROLL INDS | -- | $5,331,624.48 | 150,696 | 2896809 |
| 0.84% | AVNT | AVIENT CORP | -- | $5,324,594.65 | 163,081 | BMHWY55 |
| 0.83% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,312,920.52 | 90,556 | 2537528 |
| 0.83% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,273,733.80 | 294,622 | 2810133 |
| 0.81% | NSP | INSPERITY INC | -- | $5,188,053.42 | 113,923 | 2007281 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,140,281.96 | 56,437 | 2469171 |
| 0.79% | LNN | LINDSAY CORP | -- | $5,009,785.08 | 43,788 | 2516613 |
| 0.76% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,864,193.42 | 29,963 | 2363381 |
| 0.75% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,800,158.88 | 74,008 | 2125246 |
| 0.75% | SCVL | SHOE CARNIVAL INC | -- | $4,754,220.18 | 249,959 | 2805474 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,225,333.69 | 1,225,334 | -- |
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
Read More
