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 12/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
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
- Options Available Yes
Characteristics
as of 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/22/2026- NAV $71.21
- NAV Change $+0.11
- Market Price $71.21
- Market Price Change $+0.15
- Trading Volume (M) 14,375
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.67%
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
- Expense Ratio 0.40%
- NAV Calculation Time 4:00 p.m. ET
- Options Available Yes
Characteristics
as of 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/22/2026- NAV $71.21
- NAV Change $+0.11
- Market Price $71.21
- Market Price Change $+0.15
- Trading Volume (M) 14,375
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.67%
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 12/31/2025 and Fund as of 1/22/2026
Holdings
as of 1/22/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.23% | MATX | MATSON INC | -- | $8,077,677.30 | 50,391 | B8GNC91 |
| 1.20% | NSP | INSPERITY INC | -- | $7,891,930.32 | 166,919 | 2007281 |
| 1.12% | POWI | POWER INTEGRATIONS INC | -- | $7,306,771.32 | 160,659 | 2133045 |
| 1.10% | AVNT | AVIENT CORP | -- | $7,193,907.36 | 191,124 | BMHWY55 |
| 1.08% | SCL | STEPAN CO | -- | $7,104,490.70 | 129,881 | 2845005 |
| 1.08% | ANDE | ANDERSONS INC/THE | -- | $7,066,662.25 | 117,289 | 2274922 |
| 1.07% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,988,146.80 | 43,567 | 2715186 |
| 1.06% | MTRN | MATERION CORP | -- | $6,967,069.84 | 46,828 | 2149622 |
| 1.05% | ALG | ALAMO GROUP INC | -- | $6,867,401.94 | 35,623 | 2021634 |
| 1.05% | HNI | HNI CORP | -- | $6,863,406.48 | 143,346 | 2435246 |
| 1.04% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,837,626.04 | 242,986 | 2619880 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,823,968.96 | 126,816 | 2379281 |
| 1.03% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,766,035.86 | 170,558 | BFZ9DB8 |
| 1.03% | GFF | GRIFFON CORP | -- | $6,730,660.80 | 79,371 | 2463344 |
| 1.03% | MBWM | MERCANTILE BANK CORP | -- | $6,715,514.01 | 125,971 | 2620257 |
| 1.02% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,693,724.46 | 239,318 | 2568090 |
| 1.02% | KAI | KADANT INC | -- | $6,692,221.32 | 20,364 | 2769978 |
| 1.01% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,628,839.30 | 314,163 | 2810133 |
| 1.01% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,619,920.28 | 188,548 | 2862156 |
| 1.01% | WDFC | WD-40 CO | -- | $6,616,138.27 | 30,757 | 2944742 |
| 1.01% | MGRC | MCGRATH RENTCORP | -- | $6,606,844.30 | 56,882 | 2551551 |
| 1.01% | UBSI | UNITED BANKSHARES INC | -- | $6,595,427.25 | 154,279 | 2905794 |
| 1.00% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,567,505.92 | 383,616 | BXC87C3 |
| 1.00% | BCPC | BALCHEM CORP | -- | $6,551,865.60 | 38,976 | 2072074 |
| 1.00% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,530,536.32 | 21,516 | 2943620 |
| 0.99% | GATX | GATX CORP | -- | $6,508,187.80 | 35,060 | 2362128 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $6,495,195.28 | 308,707 | 2356585 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,491,719.26 | 179,478 | 2953782 |
| 0.99% | CNS | COHEN & STEERS INC | -- | $6,486,229.12 | 94,304 | B02H882 |
| 0.99% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,469,032.98 | 81,814 | 2888613 |
| 0.99% | SCVL | SHOE CARNIVAL INC | -- | $6,464,009.99 | 334,403 | 2805474 |
| 0.99% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,461,380.64 | 102,692 | 2706470 |
| 0.98% | HTO | H2O AMERICA | -- | $6,437,106.50 | 122,425 | 2811932 |
| 0.98% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,428,714.00 | 99,980 | 2222062 |
| 0.98% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,428,315.14 | 192,062 | 2485876 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,415,494.24 | 79,656 | 2447821 |
| 0.98% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,407,379.00 | 238,725 | B15RZR4 |
| 0.97% | IOSP | INNOSPEC INC | -- | $6,381,845.65 | 78,161 | 2245597 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,363,403.56 | 62,313 | 2350383 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,351,647.39 | 71,423 | 2664103 |
| 0.97% | NBTB | N B T BANCORP INC | -- | $6,348,885.16 | 139,628 | 2626459 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $6,317,245.60 | 193,840 | 2679419 |
| 0.96% | TCBK | TRICO BANCSHARES | -- | $6,315,711.91 | 122,659 | 2904133 |
| 0.96% | STBA | S & T BANCORP INC | -- | $6,311,151.81 | 146,193 | 2781109 |
| 0.96% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,304,621.90 | 190,070 | 2596949 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,288,457.95 | 130,115 | 2630513 |
| 0.96% | LAND | GLADSTONE LAND CORP | -- | $6,278,768.63 | 642,441 | B83TNY4 |
| 0.95% | LNN | LINDSAY CORP | -- | $6,232,731.22 | 49,333 | 2516613 |
| 0.95% | FRME | FIRST MERCHANTS CORP | -- | $6,228,672.84 | 157,131 | 2342410 |
| 0.95% | NPO | ENPRO INC | -- | $6,219,444.60 | 25,882 | 2951292 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $6,214,660.95 | 244,191 | BZ1LBM5 |
| 0.95% | MZTI | MARZETTI COMPANY/THE | -- | $6,198,753.96 | 36,666 | 2503206 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,196,399.71 | 175,089 | 2492133 |
| 0.94% | CADE | CADENCE BANK | -- | $6,186,696.40 | 141,572 | BMCS168 |
| 0.94% | APOG | APOGEE ENTERPRISES INC | -- | $6,175,475.96 | 155,789 | 2046176 |
| 0.94% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,170,349.24 | 254,133 | BZ16HK0 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $6,168,498.38 | 224,554 | 2055718 |
| 0.94% | PII | POLARIS INC | -- | $6,167,557.80 | 86,965 | 2692933 |
| 0.94% | UTL | UNITIL CORP | -- | $6,158,307.54 | 122,529 | 2925037 |
| 0.94% | AVA | AVISTA CORP | -- | $6,145,975.68 | 151,528 | 2942605 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $6,130,016.76 | 210,004 | 2698146 |
| 0.93% | UVV | UNIVERSAL CORP/VA | -- | $6,124,687.36 | 112,256 | 2923804 |
| 0.93% | FUL | H.B. FULLER CO. | -- | $6,119,964.91 | 100,873 | 2354664 |
| 0.93% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,118,775.25 | 200,945 | BWC6PW6 |
| 0.93% | ABM | ABM INDUSTRIES INC | -- | $6,093,945.40 | 131,420 | 2024901 |
| 0.93% | CSGS | CSG SYSTEMS INTL INC | -- | $6,079,852.80 | 76,160 | 2210885 |
| 0.93% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,072,998.79 | 100,663 | 2537528 |
| 0.93% | BKH | BLACK HILLS CORP | -- | $6,070,148.70 | 83,865 | 2101741 |
| 0.93% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,063,974.15 | 175,513 | B9HHD96 |
| 0.92% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,056,930.34 | 89,454 | B03PGL4 |
| 0.92% | EXPO | EXPONENT INC | -- | $6,048,728.55 | 80,105 | 2330318 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $6,042,544.76 | 112,987 | 2589466 |
| 0.92% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,030,904.22 | 120,763 | B125XQ6 |
| 0.92% | AMSF | AMERISAFE INC | -- | $6,025,132.84 | 158,057 | B0PPHS6 |
| 0.92% | YORW | YORK WATER CO | -- | $6,006,254.67 | 177,019 | 2425292 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,003,731.16 | 24,234 | 2840174 |
| 0.92% | JJSF | J & J SNACK FOODS CORP | -- | $6,002,163.93 | 64,477 | 2469171 |
| 0.91% | AWR | AMERICAN STATES WATER CO | -- | $5,982,415.43 | 80,161 | 2267171 |
| 0.91% | SR | SPIRE INC | -- | $5,980,998.00 | 71,160 | BYXJQG9 |
| 0.91% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,976,742.68 | 158,787 | B019FW2 |
| 0.91% | TXNM | TXNM ENERGY INC | -- | $5,973,466.90 | 100,733 | 2707826 |
| 0.91% | MGEE | MGE ENERGY INC | -- | $5,960,140.31 | 74,567 | 2554163 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,959,192.24 | 173,434 | B7LG306 |
| 0.91% | LMAT | LEMAITRE VASCULAR INC | -- | $5,949,755.82 | 69,393 | B1G6TJ0 |
| 0.91% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,935,030.76 | 126,844 | BFNR303 |
| 0.90% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,926,880.00 | 136,000 | 2086558 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,885,904.24 | 156,042 | 2896809 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,882,311.89 | 130,689 | 2165383 |
| 0.90% | HI | HILLENBRAND INC | -- | $5,874,680.13 | 184,217 | B2QGDP1 |
| 0.90% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,868,254.29 | 33,367 | 2363381 |
| 0.89% | TRN | TRINITY INDUSTRIES INC | -- | $5,848,534.38 | 212,134 | 2904627 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,839,284.00 | 94,182 | B3N4753 |
| 0.89% | HMN | HORACE MANN EDUCATORS | -- | $5,827,757.25 | 134,435 | 2437112 |
| 0.88% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,796,090.77 | 147,221 | 2927497 |
| 0.88% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,777,919.20 | 91,120 | 2125246 |
| 0.88% | OGS | ONE GAS INC | -- | $5,771,377.71 | 74,479 | BJ0KXV4 |
| 0.88% | ENSG | ENSIGN GROUP INC/THE | -- | $5,766,620.46 | 32,954 | B1YWPP8 |
| 0.88% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,747,725.93 | 62,333 | 2763602 |
| 0.88% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,737,379.13 | 45,423 | 2190750 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,724,421.56 | 181,038 | 2965668 |
| 0.87% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,702,081.77 | 302,819 | 2752730 |
| 0.87% | CTRE | CARETRUST REIT INC | -- | $5,684,856.66 | 155,579 | BMP8TL6 |
| 0.86% | BMI | BADGER METER INC | -- | $5,605,413.45 | 32,565 | 2069128 |
| 0.85% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,542,485.70 | 187,690 | 2713395 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $990,888.86 | 990,889 | -- |
Index
as of 12/31/2025
- Total Number of Companies104
- Price/Earnings Ratio18.48
- Price/Book Ratio1.61
- Dividend Yield ( % )3.26
- Avg. Index Market Capitalization$2.67 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 |
|---|
Dividend Growers Insights and Research
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