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
- Distributions Quarterly
- 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 12/11/2025- NAV $68.73
- NAV Change $+0.66
- Market Price $68.67
- Market Price Change $+0.59
- Trading Volume (M) 15,354
- 30-Day Median Bid Ask Spread 0.08%
- 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 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 12/11/2025- NAV $68.73
- NAV Change $+0.66
- Market Price $68.67
- Market Price Change $+0.59
- Trading Volume (M) 15,354
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/11/2025
Holdings
as of 12/11/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | ANDE | ANDERSONS INC/THE | -- | $7,699,205.60 | 146,512 | 2274922 |
| 1.14% | HI | HILLENBRAND INC | -- | $7,365,344.35 | 231,251 | B2QGDP1 |
| 1.14% | BKH | BLACK HILLS CORP | -- | $7,315,911.76 | 101,624 | 2101741 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,219,757.88 | 29,002 | 2840174 |
| 1.12% | CSGS | CSG SYSTEMS INTL INC | -- | $7,216,394.90 | 93,610 | 2210885 |
| 1.12% | FISI | FINANCIAL INSTITUTIONS INC | -- | $7,205,962.14 | 220,974 | 2596949 |
| 1.11% | PII | POLARIS INC | -- | $7,149,695.82 | 102,534 | 2692933 |
| 1.11% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,121,034.18 | 215,202 | B9HHD96 |
| 1.10% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,101,694.72 | 104,683 | B03PGL4 |
| 1.10% | CADE | CADENCE BANK | -- | $7,062,792.18 | 160,591 | BMCS168 |
| 1.09% | MATX | MATSON INC | -- | $7,043,607.62 | 57,466 | B8GNC91 |
| 1.09% | MTRN | MATERION CORP | -- | $7,037,919.85 | 53,885 | 2149622 |
| 1.07% | GRC | GORMAN-RUPP CO | -- | $6,913,887.30 | 140,355 | 2379281 |
| 1.05% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,734,154.24 | 141,712 | B125XQ6 |
| 1.05% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,732,964.08 | 144,982 | BFNR303 |
| 1.04% | TCBK | TRICO BANCSHARES | -- | $6,704,373.19 | 134,437 | 2904133 |
| 1.03% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,626,056.00 | 243,605 | 2568090 |
| 1.03% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,602,344.32 | 173,472 | B019FW2 |
| 1.03% | SR | SPIRE INC | -- | $6,596,106.69 | 80,313 | BYXJQG9 |
| 1.02% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,574,824.36 | 86,762 | 2888613 |
| 1.02% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,557,541.48 | 85,318 | 2447821 |
| 1.01% | WSBC | WESBANCO INC | -- | $6,516,580.08 | 187,906 | 2953782 |
| 1.01% | YORW | YORK WATER CO | -- | $6,513,713.10 | 195,607 | 2425292 |
| 1.01% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,509,649.52 | 321,623 | 2752730 |
| 1.01% | ALE | ALLETE INC | -- | $6,475,429.34 | 95,311 | B02R1L6 |
| 1.00% | STBA | S & T BANCORP INC | -- | $6,454,974.24 | 153,252 | 2781109 |
| 1.00% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,450,811.30 | 184,837 | 2492133 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $6,421,481.46 | 178,722 | BMP8TL6 |
| 1.00% | UTL | UNITIL CORP | -- | $6,419,469.21 | 131,197 | 2925037 |
| 0.99% | TRNO | TERRENO REALTY CORP | -- | $6,393,696.79 | 102,677 | B3N4753 |
| 0.99% | AVA | AVISTA CORP | -- | $6,374,995.00 | 164,516 | 2942605 |
| 0.98% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,305,292.52 | 197,287 | 2713395 |
| 0.98% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,287,072.44 | 195,737 | 2485876 |
| 0.97% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,251,750.40 | 103,936 | 2706470 |
| 0.97% | FULT | FULTON FINANCIAL CORP | -- | $6,247,859.24 | 313,019 | 2356585 |
| 0.97% | EXPO | EXPONENT INC | -- | $6,238,067.04 | 84,941 | 2330318 |
| 0.97% | TXNM | TXNM ENERGY INC | -- | $6,237,287.25 | 106,675 | 2707826 |
| 0.97% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,230,499.21 | 63,687 | 2763602 |
| 0.97% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,219,028.55 | 169,687 | BFZ9DB8 |
| 0.97% | NPO | ENPRO INC | -- | $6,210,447.72 | 27,661 | 2951292 |
| 0.96% | UBSI | UNITED BANKSHARES INC | -- | $6,205,979.70 | 158,518 | 2905794 |
| 0.96% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,199,169.34 | 48,314 | 2190750 |
| 0.96% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,193,018.80 | 244,590 | 2619880 |
| 0.96% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,188,925.40 | 146,657 | 2927497 |
| 0.96% | ASB | ASSOCIATED BANC-CORP | -- | $6,179,778.00 | 227,700 | 2055718 |
| 0.96% | MBWM | MERCANTILE BANK CORP | -- | $6,161,262.24 | 124,621 | 2620257 |
| 0.96% | BUSE | FIRST BUSEY CORP | -- | $6,154,506.48 | 245,787 | BZ1LBM5 |
| 0.96% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,151,638.15 | 140,931 | 2086558 |
| 0.96% | OGS | ONE GAS INC | -- | $6,150,053.95 | 79,819 | BJ0KXV4 |
| 0.96% | GATX | GATX CORP | -- | $6,148,230.30 | 36,198 | 2362128 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $6,141,006.69 | 196,261 | 2679419 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,098,468.19 | 101,253 | 2222062 |
| 0.95% | LAND | GLADSTONE LAND CORP | -- | $6,086,417.18 | 675,518 | B83TNY4 |
| 0.94% | ENSG | ENSIGN GROUP INC/THE | -- | $6,071,913.90 | 34,866 | B1YWPP8 |
| 0.94% | NBTB | N B T BANCORP INC | -- | $6,069,176.88 | 137,748 | 2626459 |
| 0.94% | HMN | HORACE MANN EDUCATORS | -- | $6,059,828.40 | 131,080 | 2437112 |
| 0.94% | BMI | BADGER METER INC | -- | $6,052,130.82 | 33,186 | 2069128 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,026,354.88 | 62,153 | 2350383 |
| 0.94% | OTTR | OTTER TAIL CORP | -- | $6,024,229.41 | 72,311 | 2664103 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $6,019,608.52 | 212,257 | 2904627 |
| 0.93% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,014,188.80 | 21,640 | 2943620 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,977,970.90 | 210,122 | 2698146 |
| 0.93% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,972,088.64 | 41,986 | 2715186 |
| 0.92% | FUL | H.B. FULLER CO. | -- | $5,928,423.65 | 97,267 | 2354664 |
| 0.92% | AWR | AMERICAN STATES WATER CO | -- | $5,924,520.78 | 81,258 | 2267171 |
| 0.92% | ABM | ABM INDUSTRIES INC | -- | $5,918,473.88 | 125,711 | 2024901 |
| 0.92% | BCPC | BALCHEM CORP | -- | $5,912,648.28 | 37,641 | 2072074 |
| 0.92% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,908,869.20 | 182,260 | 2862156 |
| 0.91% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,857,707.38 | 128,925 | 2630513 |
| 0.91% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,849,302.10 | 387,371 | BXC87C3 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,844,294.40 | 109,280 | 2923804 |
| 0.91% | MSEX | MIDDLESEX WATER CO | -- | $5,839,704.85 | 111,979 | 2589466 |
| 0.91% | SCL | STEPAN CO | -- | $5,827,269.41 | 120,973 | 2845005 |
| 0.91% | HTO | H2O AMERICA | -- | $5,823,922.80 | 120,180 | 2811932 |
| 0.90% | GFF | GRIFFON CORP | -- | $5,760,122.32 | 74,584 | 2463344 |
| 0.89% | FRME | FIRST MERCHANTS CORP | -- | $5,737,816.80 | 147,920 | 2342410 |
| 0.88% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,685,769.95 | 290,535 | 2810133 |
| 0.88% | MGEE | MGE ENERGY INC | -- | $5,675,976.80 | 71,576 | 2554163 |
| 0.88% | TR | TOOTSIE ROLL INDS | -- | $5,654,153.90 | 148,598 | 2896809 |
| 0.87% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,608,140.00 | 226,500 | B15RZR4 |
| 0.87% | WDFC | WD-40 CO | -- | $5,591,816.26 | 27,802 | 2944742 |
| 0.87% | APOG | APOGEE ENTERPRISES INC | -- | $5,590,051.20 | 139,056 | 2046176 |
| 0.87% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,571,119.00 | 128,812 | 2165383 |
| 0.86% | IOSP | INNOSPEC INC | -- | $5,564,094.64 | 70,772 | 2245597 |
| 0.86% | HY | HYSTER-YALE INC | -- | $5,502,745.80 | 160,899 | B7LG306 |
| 0.85% | HNI | HNI CORP | -- | $5,481,675.92 | 129,836 | 2435246 |
| 0.85% | KAI | KADANT INC | -- | $5,462,986.10 | 18,545 | 2769978 |
| 0.85% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,453,710.62 | 29,553 | 2363381 |
| 0.85% | MZTI | MARZETTI COMPANY/THE | -- | $5,452,496.04 | 32,884 | 2503206 |
| 0.83% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,345,591.16 | 232,316 | BZ16HK0 |
| 0.83% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,344,305.75 | 89,295 | 2537528 |
| 0.83% | MGRC | MCGRATH RENTCORP | -- | $5,323,284.25 | 48,275 | 2551551 |
| 0.83% | LNN | LINDSAY CORP | -- | $5,321,133.48 | 43,177 | 2516613 |
| 0.83% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,309,885.16 | 177,707 | BWC6PW6 |
| 0.81% | CNS | COHEN & STEERS INC | -- | $5,236,870.08 | 83,616 | B02H882 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,229,249.84 | 55,654 | 2469171 |
| 0.81% | AMSF | AMERISAFE INC | -- | $5,195,133.52 | 132,259 | B0PPHS6 |
| 0.81% | LMAT | LEMAITRE VASCULAR INC | -- | $5,187,076.00 | 62,225 | B1G6TJ0 |
| 0.78% | POWI | POWER INTEGRATIONS INC | -- | $5,045,424.75 | 135,085 | 2133045 |
| 0.78% | ALG | ALAMO GROUP INC | -- | $5,043,912.00 | 28,988 | 2021634 |
| 0.78% | AVNT | AVIENT CORP | -- | $5,022,900.35 | 160,810 | BMHWY55 |
| 0.76% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,920,053.67 | 72,987 | 2125246 |
| 0.75% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $4,840,373.40 | 152,213 | 2965668 |
| 0.70% | SCVL | SHOE CARNIVAL INC | -- | $4,532,748.81 | 246,479 | 2805474 |
| 0.66% | NSP | INSPERITY INC | -- | $4,271,318.88 | 112,344 | 2007281 |
| 0.62% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $4,001,555.10 | 164,470 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,994,616.58 | 1,994,617 | -- |
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
