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 7/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 0.33% | 6.64% | 10.82% | 18.13% | 22.23% | 10.42% | 7.01% | 7.41% | 8.29% | 02/03/2015 |
| SMDV Market Price | 0.23% | 6.59% | 10.72% | 18.09% | 22.36% | 10.42% | 7.00% | 7.39% | 8.29% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 0.37% | 6.76% | 11.07% | 18.45% | 22.76% | 10.84% | 7.42% | 7.86% | 8.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 6.66% | 12.40% | 17.74% | 17.74% | 21.31% | 12.21% | 6.68% | 7.54% | 8.33% | 02/03/2015 |
| SMDV Market Price | 6.71% | 12.59% | 17.82% | 17.82% | 21.44% | 12.25% | 6.67% | 7.54% | 8.33% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 6.73% | 12.54% | 18.02% | 18.02% | 21.83% | 12.64% | 7.09% | 8.00% | 8.79% | -- |
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 $750,580,041
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/19/2026- NAV
- NAV Change
- Market Price $77.39
- Market Price Change $-0.29
- Trading Volume (M) 102,722
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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 $750,580,041
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/19/2026- NAV
- NAV Change
- Market Price $77.39
- Market Price Change $-0.29
- Trading Volume (M) 102,722
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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 6/30/2026 and Fund as of 8/18/2026
Holdings
as of 8/18/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.37% | HNI | HNI CORP | -- | $10,310,889.60 | 216,980 | 2435246 |
| 1.21% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $9,082,025.81 | 39,637 | 2363381 |
| 1.18% | GIC | GLOBAL INDUSTRIAL CO | -- | $8,848,064.64 | 226,641 | BNBY595 |
| 1.14% | SCL | STEPAN CO | -- | $8,579,732.09 | 135,263 | 2845005 |
| 1.14% | EXPO | EXPONENT INC | -- | $8,572,217.27 | 126,977 | 2330318 |
| 1.14% | AVNT | AVIENT CORP | -- | $8,555,274.84 | 196,854 | BMHWY55 |
| 1.14% | PRGO | PERRIGO CO PLC | -- | $8,554,519.14 | 659,562 | BGH1M56 |
| 1.12% | WSBC | WESBANCO INC | -- | $8,422,287.93 | 199,533 | 2953782 |
| 1.11% | CASS | CASS INFORMATION SYSTEMS INC | -- | $8,390,157.00 | 145,410 | 2086558 |
| 1.10% | AWR | AMERICAN STATES WATER CO | -- | $8,314,418.65 | 93,515 | 2267171 |
| 1.10% | KWR | QUAKER CHEMICAL CORPORATION | -- | $8,262,802.79 | 50,111 | 2715186 |
| 1.09% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $8,229,323.32 | 161,012 | 2965668 |
| 1.09% | CRAI | CRA INTERNATIONAL INC | -- | $8,186,347.43 | 48,679 | 2240622 |
| 1.08% | PEBO | PEOPLES BANCORP INC | -- | $8,165,412.95 | 199,205 | 2679419 |
| 1.08% | JJSF | J & J SNACK FOODS CORP | -- | $8,144,495.84 | 91,676 | 2469171 |
| 1.07% | ALRS | ALERUS FINANCIAL CORP | -- | $8,087,049.60 | 240,686 | 2679141 |
| 1.07% | YORW | YORK WATER CO | -- | $8,077,823.76 | 242,141 | 2425292 |
| 1.07% | MSEX | MIDDLESEX WATER CO | -- | $8,060,184.05 | 137,043 | 2589466 |
| 1.07% | MSBI | MIDLAND STATES BANCORP INC | -- | $8,040,957.04 | 242,636 | B6VRG58 |
| 1.07% | HTO | H2O AMERICA | -- | $8,034,289.20 | 126,924 | 2811932 |
| 1.07% | CPK | CHESAPEAKE UTILITIES CORP | -- | $8,026,177.44 | 58,774 | 2190750 |
| 1.06% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $8,010,727.27 | 102,557 | 2706470 |
| 1.06% | HOMB | HOME BANCSHARES INC | -- | $7,994,471.92 | 258,136 | B17MTL9 |
| 1.06% | NBTB | N B T BANCORP INC | -- | $7,981,076.88 | 150,814 | 2626459 |
| 1.06% | BHB | BAR HARBOR BANKSHARES | -- | $7,968,816.34 | 196,373 | 2618111 |
| 1.06% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,965,315.60 | 192,585 | B9HHD96 |
| 1.05% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $7,933,096.01 | 183,679 | B019FW2 |
| 1.05% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $7,903,906.92 | 158,522 | 2165383 |
| 1.05% | TMP | TOMPKINS FINANCIAL CORP | -- | $7,903,509.50 | 78,838 | 2888613 |
| 1.05% | MATX | MATSON INC | -- | $7,887,329.52 | 36,134 | B8GNC91 |
| 1.04% | ASB | ASSOCIATED BANC-CORP | -- | $7,861,855.81 | 248,243 | 2055718 |
| 1.04% | IOSP | INNOSPEC INC | -- | $7,834,153.04 | 83,734 | 2245597 |
| 1.04% | CNS | COHEN & STEERS INC | -- | $7,830,561.60 | 94,572 | B02H882 |
| 1.04% | BUSE | FIRST BUSEY CORP | -- | $7,807,949.32 | 252,521 | BZ1LBM5 |
| 1.04% | UBSI | UNITED BANKSHARES INC | -- | $7,795,006.64 | 159,832 | 2905794 |
| 1.03% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $7,750,955.52 | 203,544 | 2492133 |
| 1.03% | STBA | S & T BANCORP INC | -- | $7,739,527.25 | 152,503 | 2781109 |
| 1.02% | MTRN | MATERION CORP | -- | $7,716,804.81 | 29,227 | 2149622 |
| 1.02% | KAI | KADANT INC | -- | $7,713,442.04 | 24,911 | 2769978 |
| 1.02% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $7,709,647.08 | 182,003 | BFZ9DB8 |
| 1.02% | BCPC | BALCHEM CORP | -- | $7,696,137.00 | 43,481 | 2072074 |
| 1.02% | CTRE | CARETRUST REIT INC | -- | $7,688,023.20 | 195,624 | BMP8TL6 |
| 1.02% | SR | SPIRE INC | -- | $7,677,471.15 | 92,355 | BYXJQG9 |
| 1.02% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $7,671,917.44 | 323,983 | 2810133 |
| 1.02% | UCB | UNITED COMMUNITY BANKS/GA | -- | $7,667,349.35 | 209,777 | 2862156 |
| 1.02% | OGS | ONE GAS INC | -- | $7,658,090.30 | 94,486 | BJ0KXV4 |
| 1.01% | GFF | GRIFFON CORP | -- | $7,636,938.16 | 75,434 | 2463344 |
| 1.01% | MGEE | MGE ENERGY INC | -- | $7,615,725.00 | 93,732 | 2554163 |
| 1.01% | HMN | HORACE MANN EDUCATORS | -- | $7,610,823.48 | 147,468 | 2437112 |
| 1.01% | FULT | FULTON FINANCIAL CORP | -- | $7,595,451.00 | 312,570 | 2356585 |
| 1.01% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $7,594,869.24 | 71,193 | 2763602 |
| 1.01% | MZTI | MARZETTI COMPANY/THE | -- | $7,590,716.50 | 65,675 | 2503206 |
| 1.01% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,588,406.72 | 23,648 | 2840174 |
| 1.00% | UTL | UNITIL CORP | -- | $7,563,735.84 | 140,277 | 2925037 |
| 1.00% | FRME | FIRST MERCHANTS CORP | -- | $7,541,732.88 | 174,456 | 2342410 |
| 1.00% | INDB | INDEPENDENT BANK CORP/MA | -- | $7,501,215.32 | 87,898 | 2447821 |
| 1.00% | EIG | EMPLOYERS HOLDINGS INC | -- | $7,499,047.87 | 154,907 | B1Q1RR9 |
| 0.99% | APOG | APOGEE ENTERPRISES INC | -- | $7,445,583.75 | 180,499 | 2046176 |
| 0.99% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $7,443,154.74 | 145,887 | BFNR303 |
| 0.99% | GATX | GATX CORP | -- | $7,443,016.02 | 41,742 | 2362128 |
| 0.99% | MGRC | MCGRATH RENTCORP | -- | $7,441,769.12 | 62,599 | 2551551 |
| 0.98% | ALG | ALAMO GROUP INC | -- | $7,414,361.50 | 46,558 | 2021634 |
| 0.98% | OTTR | OTTER TAIL CORP | -- | $7,409,162.06 | 81,223 | 2664103 |
| 0.98% | TRNO | TERRENO REALTY CORP | -- | $7,387,519.50 | 107,847 | B3N4753 |
| 0.98% | WDFC | WD-40 CO | -- | $7,377,110.73 | 32,073 | 2944742 |
| 0.98% | WAFD | WAFD INC | -- | $7,364,111.56 | 196,586 | 2941981 |
| 0.98% | HFWA | HERITAGE FINANCIAL CORP | -- | $7,346,184.70 | 249,446 | 2619880 |
| 0.97% | ABM | ABM INDUSTRIES INC | -- | $7,335,730.80 | 155,748 | 2024901 |
| 0.97% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,326,641.28 | 131,964 | 2630513 |
| 0.97% | BKH | BLACK HILLS CORP | -- | $7,326,191.95 | 100,153 | 2101741 |
| 0.97% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,308,346.83 | 103,503 | B03PGL4 |
| 0.97% | LKFN | LAKELAND FINANCIAL CORP | -- | $7,266,198.24 | 118,188 | 2537528 |
| 0.96% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $7,260,850.35 | 143,637 | B125XQ6 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $7,233,046.86 | 125,814 | 2707826 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $7,206,551.04 | 289,536 | BZ16HK0 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $7,173,507.85 | 70,363 | 2350383 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $7,143,654.60 | 216,540 | 2698146 |
| 0.94% | NPO | ENPRO INC | -- | $7,070,226.66 | 21,462 | 2951292 |
| 0.93% | LNN | LINDSAY CORP | -- | $7,008,183.00 | 62,685 | 2516613 |
| 0.93% | ANDE | ANDERSONS INC/THE | -- | $7,008,019.92 | 101,772 | 2274922 |
| 0.93% | PII | POLARIS INC | -- | $7,004,801.66 | 103,606 | 2692933 |
| 0.93% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,989,945.28 | 280,608 | B15RZR4 |
| 0.92% | BMI | BADGER METER INC | -- | $6,934,524.76 | 55,084 | 2069128 |
| 0.91% | ODC | OIL-DRI CORP OF AMERICA | -- | $6,862,752.00 | 75,200 | 2657794 |
| 0.91% | GRC | GORMAN-RUPP CO | -- | $6,835,972.50 | 86,806 | 2379281 |
| 0.90% | HY | HYSTER-YALE INC | -- | $6,778,388.76 | 203,372 | B7LG306 |
| 0.90% | FUL | H.B. FULLER CO. | -- | $6,769,546.37 | 113,033 | 2354664 |
| 0.88% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $6,596,707.68 | 85,328 | 2125246 |
| 0.87% | AVA | AVISTA CORP | -- | $6,576,449.04 | 171,128 | 2942605 |
| 0.86% | GOLF | ACUSHNET HOLDINGS CORP | -- | $6,476,186.10 | 72,295 | BD3WG50 |
| 0.84% | LMAT | LEMAITRE VASCULAR INC | -- | $6,346,902.64 | 77,857 | B1G6TJ0 |
| 0.84% | SHOE | SHOE STATION GROUP INC | -- | $6,298,203.12 | 412,456 | 2805474 |
| 0.83% | TRN | TRINITY INDUSTRIES INC | -- | $6,231,560.43 | 210,029 | 2904627 |
| 0.82% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,207,348.24 | 278,107 | 2568090 |
| 0.80% | AMSF | AMERISAFE INC | -- | $5,997,796.28 | 226,076 | B0PPHS6 |
| 0.80% | UVV | UNIVERSAL CORP/VA | -- | $5,997,427.98 | 134,986 | 2923804 |
| 0.79% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,968,897.76 | 254,212 | BWC6PW6 |
| 0.77% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,817,301.38 | 402,303 | BXC87C3 |
| 0.72% | TNC | TENNANT CO | -- | $5,442,132.58 | 82,133 | 2883641 |
| 0.72% | POWI | POWER INTEGRATIONS INC | -- | $5,417,114.22 | 92,458 | 2133045 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,992,321.75 | 1,992,322 | -- |
Index
as of 6/30/2026
- Total Number of Companies100
- Price/Earnings Ratio19.33
- Price/Book Ratio1.80
- Dividend Yield ( % )3.05
- Avg. Index Market Capitalization$3.00 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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