SMDV

Russell 2000 Dividend Growers ETF

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SMDV Market Price 1.76% -0.22% -2.72% -2.72% 7.47% 6.39% 8.80% 7.29% 7.15% 02/03/2015
SMDV NAV 1.74% -0.16% -2.61% -2.61% 7.45% 6.41% 8.79% 7.37% 7.16% 02/03/2015
Russell 2000 Dividend Growth Index 1.77% -0.07% -2.43% -2.43% 7.86% 6.80% 9.22% 7.83% 7.61% --

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 6/30/2025
  • Number of Companies
    107
  • Price/Earnings Ratio
    16.17
  • Price/Book Ratio
    1.58

    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
    $2.55 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 7/18/2025
  • NAV
    $66.15
  • NAV Change
    $-0.41 down caret
  • Market Price
    $66.08
  • Market Price Change
    $-0.45 down caret
  • Trading Volume (M)
    14,959
  • 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 6/30/2025
  • Number of Companies
    107
  • Price/Earnings Ratio
    16.17
  • Price/Book Ratio
    1.58

    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
    $2.55 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 7/18/2025
  • NAV
    $66.15
  • NAV Change
    $-0.41 down caret
  • Market Price
    $66.08
  • Market Price Change
    $-0.45 down caret
  • Trading Volume (M)
    14,959
  • View Premium / Discount

Exposures

Index as of 6/30/2025 and Fund as of 7/17/2025

Holdings

as of 7/17/2025

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
1.33% SPTN SPARTANNASH CO -- $8,776,194.24 330,429 BN40158
1.04% TR TOOTSIE ROLL INDS -- $6,876,911.81 181,019 2896809
1.03% MATW MATTHEWS INTL CORP-CLASS A -- $6,805,549.10 266,362 2568090
1.03% FULT FULTON FINANCIAL CORP -- $6,791,132.46 344,029 2356585
1.03% PII POLARIS INC -- $6,783,711.35 144,365 2692933
1.02% CADE CADENCE BANK -- $6,758,605.00 193,103 BMCS168
1.01% GFF GRIFFON CORP -- $6,663,315.85 85,945 2463344
1.01% PFBC PREFERRED BANK/LOS ANGELES -- $6,647,551.68 71,456 2763602
1.00% CCOI COGENT COMMUNICATIONS HOLDIN -- $6,632,691.78 125,358 B06RWD1
1.00% FRME FIRST MERCHANTS CORP -- $6,615,171.45 162,495 2342410
1.00% MTRN MATERION CORP -- $6,605,328.01 74,527 2149622
1.00% ASB ASSOCIATED BANC-CORP -- $6,588,837.50 256,375 2055718
1.00% IBCP INDEPENDENT BANK CORP - MICH -- $6,584,441.16 191,631 2492133
0.99% FUL H.B. FULLER CO. -- $6,565,442.24 107,296 2354664
0.99% UCB UNITED COMMUNITY BANKS/GA -- $6,556,460.56 206,698 2862156
0.99% SBSI SOUTHSIDE BANCSHARES INC -- $6,551,140.72 210,242 2485876
0.99% CTBI COMMUNITY TRUST BANCORP INC -- $6,548,699.20 115,294 2706470
0.99% MBWM MERCANTILE BANK CORP -- $6,545,990.77 134,387 2620257
0.99% ORRF ORRSTOWN FINL SERVICES INC -- $6,516,282.30 194,226 B019FW2
0.99% HFWA HERITAGE FINANCIAL CORP -- $6,515,952.94 257,141 2619880
0.98% HNI HNI CORP -- $6,499,948.64 125,773 2435246
0.98% LKFN LAKELAND FINANCIAL CORP -- $6,494,927.14 99,326 2537528
0.97% NPO ENPRO INC -- $6,432,995.40 31,260 2951292
0.97% MWA MUELLER WATER PRODUCTS INC-A -- $6,400,597.30 252,290 B15RZR4
0.97% PEBO PEOPLES BANCORP INC -- $6,385,083.75 201,105 2679419
0.97% FELE FRANKLIN ELECTRIC CO INC -- $6,382,189.80 69,705 2350383
0.97% BUSE FIRST BUSEY CORP -- $6,378,771.52 264,022 BZ1LBM5
0.97% AUB ATLANTIC UNION BANKSHARES CO -- $6,375,926.40 190,896 BFZ9DB8
0.96% APOG APOGEE ENTERPRISES INC -- $6,365,651.82 151,491 2046176
0.96% STBA S & T BANCORP INC -- $6,333,419.25 161,361 2781109
0.96% MZTI MARZETTI COMPANY/THE -- $6,323,278.50 35,574 2503206
0.95% CASS CASS INFORMATION SYSTEMS INC -- $6,304,102.92 140,748 2086558
0.95% WSBC WESBANCO INC -- $6,295,562.90 192,055 2953782
0.95% TCBK TRICO BANCSHARES -- $6,291,876.28 147,766 2904133
0.95% ABM ABM INDUSTRIES INC -- $6,289,806.42 129,901 2024901
0.95% FISI FINANCIAL INSTITUTIONS INC -- $6,289,381.75 230,803 2596949
0.95% CTRE CARETRUST REIT INC -- $6,282,660.93 207,417 BMP8TL6
0.95% NBTB N B T BANCORP INC -- $6,273,729.18 143,334 2626459
0.95% SCVL SHOE CARNIVAL INC -- $6,269,860.90 304,510 2805474
0.95% WTS WATTS WATER TECHNOLOGIES-A -- $6,257,566.08 24,879 2943620
0.95% TMP TOMPKINS FINANCIAL CORP -- $6,255,330.18 95,254 2888613
0.95% KAI KADANT INC -- $6,241,776.45 18,655 2769978
0.94% NWN NORTHWEST NATURAL HOLDING CO -- $6,239,769.68 149,384 BFNR303
0.94% SFNC SIMMONS FIRST NATL CORP-CL A -- $6,238,855.26 316,854 2810133
0.94% WLY WILEY (JOHN) & SONS-CLASS A -- $6,226,304.88 156,126 2965668
0.94% UBSI UNITED BANKSHARES INC -- $6,207,662.48 165,626 2905794
0.94% SCL STEPAN CO -- $6,191,101.14 108,066 2845005
0.94% SR SPIRE INC -- $6,190,331.49 82,089 BYXJQG9
0.93% JJSF J & J SNACK FOODS CORP -- $6,166,138.50 51,825 2469171
0.93% ALG ALAMO GROUP INC -- $6,155,036.86 28,238 2021634
0.93% CBU COMMUNITY FINANCIAL SYSTEM I -- $6,153,140.80 105,362 2222062
0.93% ANDE ANDERSONS INC/THE -- $6,150,317.85 168,733 2274922
0.93% NJR NEW JERSEY RESOURCES CORP -- $6,139,065.30 134,070 2630513
0.93% GRC GORMAN-RUPP CO -- $6,134,936.58 163,773 2379281
0.93% KWR QUAKER CHEMICAL CORPORATION -- $6,133,731.24 50,388 2715186
0.93% LNN LINDSAY CORP -- $6,120,956.00 44,150 2516613
0.93% TRN TRINITY INDUSTRIES INC -- $6,115,094.10 228,005 2904627
0.92% MGRC MCGRATH RENTCORP -- $6,086,675.14 51,974 2551551
0.92% LMAT LEMAITRE VASCULAR INC -- $6,071,048.70 73,947 B1G6TJ0
0.92% AMSF AMERISAFE INC -- $6,070,263.10 132,974 B0PPHS6
0.92% ALE ALLETE INC -- $6,062,453.46 92,331 B02R1L6
0.92% INDB INDEPENDENT BANK CORP/MA -- $6,057,800.42 92,218 2447821
0.92% HI HILLENBRAND INC -- $6,056,302.50 280,125 B2QGDP1
0.92% BMI BADGER METER INC -- $6,045,451.14 24,594 2069128
0.91% LAND GLADSTONE LAND CORP -- $6,040,646.82 588,757 B83TNY4
0.91% SXI STANDEX INTERNATIONAL CORP -- $6,033,511.12 38,612 2840174
0.91% CPK CHESAPEAKE UTILITIES CORP -- $6,033,150.20 49,676 2190750
0.91% NXRT NEXPOINT RESIDENTIAL -- $6,024,726.40 175,648 BWC6PW6
0.91% GATX GATX CORP -- $6,014,268.00 38,553 2362128
0.91% -- TXNM ENERGY INC -- $6,010,743.96 106,047 2707826
0.91% HY HYSTER-YALE INC -- $6,001,088.83 146,261 B7LG306
0.91% SAH SONIC AUTOMOTIVE INC-CLASS A -- $5,977,265.70 78,339 2125246
0.90% BKH BLACK HILLS CORP -- $5,969,822.94 104,697 2101741
0.90% COFS CHOICEONE FINANCIAL SVCS INC -- $5,966,055.48 203,898 2713395
0.90% AVA AVISTA CORP -- $5,964,580.44 158,886 2942605
0.90% NWE NORTHWESTERN ENERGY GROUP IN -- $5,956,594.20 114,111 B03PGL4
0.90% OGS ONE GAS INC -- $5,952,206.34 81,381 BJ0KXV4
0.90% UHT UNIVERSAL HEALTH RLTY INCOME -- $5,946,965.57 146,153 2927497
0.89% EXPO EXPONENT INC -- $5,892,435.78 79,563 2330318
0.89% CNS COHEN & STEERS INC -- $5,879,248.04 77,809 B02H882
0.89% IOSP INNOSPEC INC -- $5,867,305.19 69,019 2245597
0.89% MATX MATSON INC -- $5,861,612.68 52,514 B8GNC91
0.89% POR PORTLAND GENERAL ELECTRIC CO -- $5,858,154.69 145,689 B125XQ6
0.89% HASI HA SUSTAINABLE INFRASTRUCTUR -- $5,849,203.92 220,808 B9HHD96
0.89% CWT CALIFORNIA WATER SERVICE GRP -- $5,844,326.00 128,900 2165383
0.88% CHCT COMMUNITY HEALTHCARE TRUST I -- $5,834,243.03 358,589 BXC87C3
0.88% BCPC BALCHEM CORP -- $5,814,396.18 36,714 2072074
0.88% OTTR OTTER TAIL CORP -- $5,806,846.32 75,847 2664103
0.88% CSGS CSG SYSTEMS INTL INC -- $5,789,748.80 92,488 2210885
0.88% MGEE MGE ENERGY INC -- $5,782,255.65 67,605 2554163
0.88% AWR AMERICAN STATES WATER CO -- $5,781,725.19 76,569 2267171
0.87% UTL UNITIL CORP -- $5,765,235.66 112,911 2925037
0.87% HMN HORACE MANN EDUCATORS -- $5,763,323.34 139,514 2437112
0.87% DGICA DONEGAL GROUP INC-CL A -- $5,761,732.50 311,445 2752730
0.87% YORW YORK WATER CO -- $5,753,720.72 184,178 2425292
0.87% FCPT FOUR CORNERS PROPERTY TRUST -- $5,712,798.96 217,382 BZ16HK0
0.86% TRNO TERRENO REALTY CORP -- $5,684,120.65 101,231 B3N4753
0.86% HTO H2O AMERICA -- $5,683,017.50 112,535 2811932
0.86% MSEX MIDDLESEX WATER CO -- $5,676,674.24 105,436 2589466
0.86% POWI POWER INTEGRATIONS INC -- $5,655,928.80 104,430 2133045
0.86% NSP INSPERITY INC -- $5,650,390.98 98,046 2007281
0.85% AVNT AVIENT CORP -- $5,582,532.42 168,453 BMHWY55
0.84% GTY GETTY REALTY CORP -- $5,551,824.60 204,940 2698146
0.84% ENSG ENSIGN GROUP INC/THE -- $5,523,869.55 39,783 B1YWPP8
0.83% AGM FEDERAL AGRIC MTG CORP-CL C -- $5,495,988.78 31,167 2363381
0.83% UVV UNIVERSAL CORP/VA -- $5,469,218.40 98,580 2923804
0.82% WDFC WD-40 CO -- $5,383,006.68 24,476 2944742
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,097,596.80 1,097,597 --

Index

as of 6/30/2025

  • Total Number of Companies107
  • Price/Earnings Ratio17.72
  • Price/Book Ratio1.586
  • Dividend Yield ( % )3.18
  • Avg. Index Market Capitalization$2.59 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

Ex-Dividend Date Record Date Payable Date Dividend Long-Term Capital Gain Short-Term Capital Gain Return of Capital

Dividend Growers Insights and Research

Mid-Caps: A "Sweet Spot" Opportunity

Why allocate to anything other than the S&P 500 in 2025? Quality mid-cap stocks provide a strong potential answer.
Read More
Get the latest perspectives and updates.

For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

Star rating is © 2025 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. SMDV was rated against the following numbers of U.S.-domiciled Small Value funds for the following time periods: 477 for the last three years, 445 for the last five years, and 358 for the last 10 years ending 04/30/25. With respect to these Small Value funds, SMDV received a Morningstar Rating of 4 stars for the three-year period, 1 star for the five-year period, and 5 stars for the ten-year period. Past performance is no guarantee of future results. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "Russell 2000® Dividend Growth Index" and "Russell®" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProShares. ProShares have not been passed on by Russell as to their legality or suitability. ProShares based on the Russell 2000 Dividend Growth Index are not sponsored, endorsed, sold, or promoted by Russell, and it makes no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

Quote data provided by Interactive Data - Real Time Services, Inc. and subject to terms of use.

ProShares are distributed by SEI Investments Distribution Co., which is not affiliated with the funds’ advisor or sponsor.

Your use of this site signifies that you accept our Terms and Conditions of Use.