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 11/05/2025- NAV $65.92
- NAV Change $+0.76
- Market Price $65.92
- Market Price Change $+0.76
- Trading Volume (M) 23,632
- 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 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 11/05/2025- NAV $65.92
- NAV Change $+0.76
- Market Price $65.92
- Market Price Change $+0.76
- Trading Volume (M) 23,632
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/05/2025
Holdings
as of 11/05/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.19% | CSGS | CSG SYSTEMS INTL INC | -- | $7,400,837.70 | 94,519 | 2210885 |
| 1.18% | HI | HILLENBRAND INC | -- | $7,378,979.20 | 233,512 | B2QGDP1 |
| 1.15% | ANDE | ANDERSONS INC/THE | -- | $7,172,422.08 | 147,946 | 2274922 |
| 1.13% | SR | SPIRE INC | -- | $7,084,284.48 | 81,093 | BYXJQG9 |
| 1.10% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,842,321.81 | 29,287 | 2840174 |
| 1.09% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,806,791.30 | 143,090 | B125XQ6 |
| 1.09% | PII | POLARIS INC | -- | $6,795,067.68 | 103,536 | 2692933 |
| 1.08% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,740,117.88 | 146,397 | BFNR303 |
| 1.07% | ENSG | ENSIGN GROUP INC/THE | -- | $6,686,485.65 | 35,205 | B1YWPP8 |
| 1.06% | BKH | BLACK HILLS CORP | -- | $6,644,386.00 | 102,616 | 2101741 |
| 1.06% | AVA | AVISTA CORP | -- | $6,601,807.50 | 166,125 | 2942605 |
| 1.05% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,524,467.40 | 223,135 | 2596949 |
| 1.04% | CTRE | CARETRUST REIT INC | -- | $6,496,848.00 | 180,468 | BMP8TL6 |
| 1.04% | OGS | ONE GAS INC | -- | $6,490,718.00 | 80,600 | BJ0KXV4 |
| 1.04% | ALE | ALLETE INC | -- | $6,477,779.78 | 96,238 | B02R1L6 |
| 1.03% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,448,879.02 | 105,702 | B03PGL4 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,432,852.36 | 141,724 | 2379281 |
| 1.03% | YORW | YORK WATER CO | -- | $6,407,516.36 | 197,519 | 2425292 |
| 1.02% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $6,360,825.70 | 166,079 | B06RWD1 |
| 1.02% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,357,758.06 | 48,782 | 2190750 |
| 1.02% | UTL | UNITIL CORP | -- | $6,357,379.27 | 132,473 | 2925037 |
| 1.02% | NPO | ENPRO INC | -- | $6,352,554.69 | 27,927 | 2951292 |
| 1.02% | MATX | MATSON INC | -- | $6,350,945.70 | 58,026 | B8GNC91 |
| 1.01% | EXPO | EXPONENT INC | -- | $6,317,670.88 | 85,768 | 2330318 |
| 1.01% | MTRN | MATERION CORP | -- | $6,309,151.68 | 54,408 | 2149622 |
| 1.01% | LAND | GLADSTONE LAND CORP | -- | $6,302,650.20 | 682,105 | B83TNY4 |
| 1.01% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,288,517.30 | 217,295 | B9HHD96 |
| 1.00% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,255,012.42 | 324,767 | 2752730 |
| 1.00% | BMI | BADGER METER INC | -- | $6,238,668.33 | 33,507 | 2069128 |
| 0.99% | HMN | HORACE MANN EDUCATORS | -- | $6,187,643.00 | 132,356 | 2437112 |
| 0.99% | TCBK | TRICO BANCSHARES | -- | $6,172,597.97 | 135,751 | 2904133 |
| 0.99% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,167,508.48 | 21,852 | 2943620 |
| 0.98% | TXNM | TXNM ENERGY INC | -- | $6,134,255.35 | 107,713 | 2707826 |
| 0.98% | MGEE | MGE ENERGY INC | -- | $6,104,984.78 | 72,274 | 2554163 |
| 0.97% | AWR | AMERICAN STATES WATER CO | -- | $6,077,295.36 | 82,048 | 2267171 |
| 0.97% | CADE | CADENCE BANK | -- | $6,050,338.84 | 162,164 | BMCS168 |
| 0.97% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,049,602.21 | 130,071 | 2165383 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,031,369.40 | 73,019 | 2664103 |
| 0.96% | TRNO | TERRENO REALTY CORP | -- | $6,014,418.79 | 103,679 | B3N4753 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,008,449.70 | 86,155 | 2447821 |
| 0.96% | MSEX | MIDDLESEX WATER CO | -- | $6,000,784.11 | 113,073 | 2589466 |
| 0.96% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,990,032.76 | 62,759 | 2350383 |
| 0.96% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,975,673.47 | 87,607 | 2888613 |
| 0.96% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,965,983.66 | 175,161 | B019FW2 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,960,312.90 | 228,715 | B15RZR4 |
| 0.95% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,918,410.26 | 199,206 | 2713395 |
| 0.94% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,872,915.21 | 153,701 | 2965668 |
| 0.94% | STBA | S & T BANCORP INC | -- | $5,872,800.45 | 154,751 | 2781109 |
| 0.94% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,862,773.08 | 64,313 | 2763602 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $5,840,044.20 | 229,923 | 2055718 |
| 0.93% | UBSI | UNITED BANKSHARES INC | -- | $5,835,787.60 | 160,060 | 2905794 |
| 0.93% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,810,111.92 | 130,184 | 2630513 |
| 0.93% | WSBC | WESBANCO INC | -- | $5,806,197.00 | 189,745 | 2953782 |
| 0.93% | BCPC | BALCHEM CORP | -- | $5,804,201.68 | 38,008 | 2072074 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,802,793.08 | 139,089 | 2626459 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,798,606.10 | 212,170 | 2698146 |
| 0.93% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,795,702.15 | 102,235 | 2222062 |
| 0.93% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,788,975.60 | 391,147 | BXC87C3 |
| 0.93% | CNS | COHEN & STEERS INC | -- | $5,778,662.96 | 84,434 | B02H882 |
| 0.92% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,771,106.27 | 148,091 | 2927497 |
| 0.92% | MZTI | MARZETTI COMPANY/THE | -- | $5,769,874.56 | 33,206 | 2503206 |
| 0.92% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,752,129.78 | 142,309 | 2086558 |
| 0.92% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,750,285.97 | 186,637 | 2492133 |
| 0.92% | UVV | UNIVERSAL CORP/VA | -- | $5,749,026.60 | 110,346 | 2923804 |
| 0.92% | HTO | H2O AMERICA | -- | $5,743,826.81 | 121,357 | 2811932 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,723,169.16 | 248,186 | BZ1LBM5 |
| 0.92% | MBWM | MERCANTILE BANK CORP | -- | $5,720,368.18 | 125,833 | 2620257 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,719,215.06 | 198,171 | 2679419 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,710,432.00 | 42,400 | 2715186 |
| 0.91% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,698,220.67 | 197,649 | 2485876 |
| 0.91% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,684,736.46 | 245,986 | 2568090 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,671,800.75 | 98,213 | 2354664 |
| 0.90% | TRN | TRINITY INDUSTRIES INC | -- | $5,628,174.50 | 214,325 | 2904627 |
| 0.90% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,623,050.39 | 234,587 | BZ16HK0 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,619,952.00 | 171,340 | BFZ9DB8 |
| 0.90% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,617,358.41 | 179,411 | BWC6PW6 |
| 0.89% | GATX | GATX CORP | -- | $5,586,421.56 | 36,546 | 2362128 |
| 0.89% | TR | TOOTSIE ROLL INDS | -- | $5,581,860.00 | 150,050 | 2896809 |
| 0.89% | FULT | FULTON FINANCIAL CORP | -- | $5,565,975.09 | 316,069 | 2356585 |
| 0.89% | WDFC | WD-40 CO | -- | $5,560,063.19 | 28,079 | 2944742 |
| 0.89% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,554,580.20 | 246,980 | 2619880 |
| 0.89% | ABM | ABM INDUSTRIES INC | -- | $5,545,659.08 | 126,932 | 2024901 |
| 0.89% | HY | HYSTER-YALE INC | -- | $5,537,011.68 | 162,471 | B7LG306 |
| 0.89% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,532,753.12 | 104,946 | 2706470 |
| 0.89% | GFF | GRIFFON CORP | -- | $5,525,421.33 | 75,309 | 2463344 |
| 0.87% | LMAT | LEMAITRE VASCULAR INC | -- | $5,420,430.37 | 62,831 | B1G6TJ0 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,420,066.35 | 184,043 | 2862156 |
| 0.87% | POWI | POWER INTEGRATIONS INC | -- | $5,399,996.82 | 136,398 | 2133045 |
| 0.86% | FRME | FIRST MERCHANTS CORP | -- | $5,394,991.56 | 149,363 | 2342410 |
| 0.86% | SCL | STEPAN CO | -- | $5,362,297.20 | 122,148 | 2845005 |
| 0.86% | AMSF | AMERISAFE INC | -- | $5,356,449.84 | 133,544 | B0PPHS6 |
| 0.85% | IOSP | INNOSPEC INC | -- | $5,288,754.60 | 71,460 | 2245597 |
| 0.84% | HNI | HNI CORP | -- | $5,267,758.72 | 131,104 | 2435246 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,257,696.08 | 90,168 | 2537528 |
| 0.84% | MGRC | MCGRATH RENTCORP | -- | $5,247,183.95 | 48,743 | 2551551 |
| 0.83% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,189,609.16 | 293,364 | 2810133 |
| 0.83% | ALG | ALAMO GROUP INC | -- | $5,187,761.06 | 29,273 | 2021634 |
| 0.82% | KAI | KADANT INC | -- | $5,106,274.56 | 18,729 | 2769978 |
| 0.81% | AVNT | AVIENT CORP | -- | $5,080,932.78 | 162,382 | BMHWY55 |
| 0.81% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,078,854.14 | 29,837 | 2363381 |
| 0.80% | LNN | LINDSAY CORP | -- | $5,017,924.00 | 43,600 | 2516613 |
| 0.80% | APOG | APOGEE ENTERPRISES INC | -- | $4,976,378.48 | 140,417 | 2046176 |
| 0.77% | JJSF | J & J SNACK FOODS CORP | -- | $4,790,147.04 | 56,196 | 2469171 |
| 0.72% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,499,755.64 | 73,694 | 2125246 |
| 0.71% | SCVL | SHOE CARNIVAL INC | -- | $4,442,650.80 | 248,888 | 2805474 |
| 0.66% | NSP | INSPERITY INC | -- | $4,091,672.59 | 113,437 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $989,803.34 | 989,803 | -- |
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
