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 Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 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 Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 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 10/20/2025- NAV $66.83
- NAV Change $+0.97
- Market Price $66.83
- Market Price Change $+0.99
- Trading Volume (M) 11,833
- 30-Day Median Bid Ask Spread 0.07%
- 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 10/20/2025- NAV $66.83
- NAV Change $+0.97
- Market Price $66.83
- Market Price Change $+0.99
- Trading Volume (M) 11,833
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 10/20/2025
Holdings
as of 10/20/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.16% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $7,420,597.65 | 167,319 | B06RWD1 |
| 1.16% | HI | HILLENBRAND INC | -- | $7,403,506.32 | 235,256 | B2QGDP1 |
| 1.15% | MTRN | MATERION CORP | -- | $7,361,251.60 | 54,812 | 2149622 |
| 1.12% | SR | SPIRE INC | -- | $7,125,437.90 | 81,695 | BYXJQG9 |
| 1.11% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,111,187.00 | 29,507 | 2840174 |
| 1.11% | ANDE | ANDERSONS INC/THE | -- | $7,081,460.52 | 149,052 | 2274922 |
| 1.10% | PII | POLARIS INC | -- | $7,038,703.84 | 104,308 | 2692933 |
| 1.08% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,881,790.08 | 147,488 | BFNR303 |
| 1.07% | MSEX | MIDDLESEX WATER CO | -- | $6,837,807.90 | 113,916 | 2589466 |
| 1.06% | GRC | GORMAN-RUPP CO | -- | $6,773,483.20 | 142,780 | 2379281 |
| 1.06% | OGS | ONE GAS INC | -- | $6,754,465.54 | 81,203 | BJ0KXV4 |
| 1.05% | BKH | BLACK HILLS CORP | -- | $6,702,190.23 | 103,381 | 2101741 |
| 1.04% | UTL | UNITIL CORP | -- | $6,654,215.88 | 133,458 | 2925037 |
| 1.03% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,600,887.76 | 49,143 | 2190750 |
| 1.03% | NPO | ENPRO INC | -- | $6,583,731.96 | 28,132 | 2951292 |
| 1.03% | ENSG | ENSIGN GROUP INC/THE | -- | $6,575,581.80 | 35,467 | B1YWPP8 |
| 1.02% | ALE | ALLETE INC | -- | $6,533,662.67 | 96,953 | B02R1L6 |
| 1.02% | AVA | AVISTA CORP | -- | $6,528,908.65 | 167,365 | 2942605 |
| 1.02% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,507,545.72 | 131,042 | 2165383 |
| 1.02% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,491,164.56 | 144,152 | B125XQ6 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,490,585.14 | 104,451 | B3N4753 |
| 1.02% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,482,989.44 | 106,488 | B03PGL4 |
| 1.01% | YORW | YORK WATER CO | -- | $6,459,312.78 | 198,993 | 2425292 |
| 1.01% | TR | TOOTSIE ROLL INDS | -- | $6,451,935.60 | 151,170 | 2896809 |
| 1.00% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,411,873.90 | 218,910 | B9HHD96 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $6,398,069.85 | 181,815 | BMP8TL6 |
| 1.00% | AWR | AMERICAN STATES WATER CO | -- | $6,368,721.85 | 82,657 | 2267171 |
| 1.00% | GATX | GATX CORP | -- | $6,367,890.55 | 36,815 | 2362128 |
| 0.99% | BMI | BADGER METER INC | -- | $6,326,024.55 | 33,755 | 2069128 |
| 0.98% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,265,707.65 | 327,191 | 2752730 |
| 0.98% | MGEE | MGE ENERGY INC | -- | $6,251,724.18 | 72,813 | 2554163 |
| 0.98% | HTO | H2O AMERICA | -- | $6,247,690.40 | 122,264 | 2811932 |
| 0.98% | CSGS | CSG SYSTEMS INTL INC | -- | $6,244,527.60 | 95,220 | 2210885 |
| 0.98% | LAND | GLADSTONE LAND CORP | -- | $6,239,648.88 | 687,186 | B83TNY4 |
| 0.98% | POWI | POWER INTEGRATIONS INC | -- | $6,224,718.30 | 137,411 | 2133045 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,205,097.78 | 63,227 | 2350383 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,200,524.75 | 22,015 | 2943620 |
| 0.97% | TXNM | TXNM ENERGY INC | -- | $6,191,751.78 | 108,513 | 2707826 |
| 0.97% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,168,219.65 | 131,155 | 2630513 |
| 0.96% | TRN | TRINITY INDUSTRIES INC | -- | $6,119,144.46 | 215,919 | 2904627 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,056,317.46 | 188,026 | 2492133 |
| 0.95% | CADE | CADENCE BANK | -- | $6,054,714.56 | 163,376 | BMCS168 |
| 0.94% | CNS | COHEN & STEERS INC | -- | $6,008,991.60 | 85,065 | B02H882 |
| 0.94% | WSBC | WESBANCO INC | -- | $6,008,253.09 | 191,163 | 2953782 |
| 0.94% | HY | HYSTER-YALE INC | -- | $5,972,792.67 | 163,683 | B7LG306 |
| 0.93% | EXPO | EXPONENT INC | -- | $5,967,198.36 | 86,406 | 2330318 |
| 0.93% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,959,474.51 | 224,801 | 2596949 |
| 0.93% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,954,480.00 | 86,800 | 2447821 |
| 0.93% | UVV | UNIVERSAL CORP/VA | -- | $5,930,812.80 | 111,168 | 2923804 |
| 0.93% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,924,146.80 | 172,615 | BFZ9DB8 |
| 0.92% | HMN | HORACE MANN EDUCATORS | -- | $5,899,005.84 | 133,341 | 2437112 |
| 0.92% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,896,524.57 | 230,423 | B15RZR4 |
| 0.92% | HNI | HNI CORP | -- | $5,893,498.84 | 132,082 | 2435246 |
| 0.92% | MGRC | MCGRATH RENTCORP | -- | $5,888,060.64 | 49,104 | 2551551 |
| 0.92% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,878,049.15 | 176,465 | B019FW2 |
| 0.92% | GTY | GETTY REALTY CORP | -- | $5,867,437.50 | 213,750 | 2698146 |
| 0.92% | ASB | ASSOCIATED BANC-CORP | -- | $5,865,074.16 | 231,638 | 2055718 |
| 0.92% | FUL | H.B. FULLER CO. | -- | $5,846,541.87 | 98,943 | 2354664 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,837,548.60 | 236,338 | BZ16HK0 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,823,381.96 | 127,874 | 2024901 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,823,338.44 | 250,036 | BZ1LBM5 |
| 0.91% | TCBK | TRICO BANCSHARES | -- | $5,786,484.84 | 136,764 | 2904133 |
| 0.91% | UBSI | UNITED BANKSHARES INC | -- | $5,775,975.00 | 161,250 | 2905794 |
| 0.90% | BCPC | BALCHEM CORP | -- | $5,773,134.07 | 38,291 | 2072074 |
| 0.90% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,771,727.72 | 102,993 | 2222062 |
| 0.90% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,739,557.52 | 247,822 | 2568090 |
| 0.90% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,732,422.05 | 88,259 | 2888613 |
| 0.90% | PEBO | PEOPLES BANCORP INC | -- | $5,729,811.50 | 199,645 | 2679419 |
| 0.90% | OTTR | OTTER TAIL CORP | -- | $5,713,793.55 | 73,565 | 2664103 |
| 0.89% | NBTB | N B T BANCORP INC | -- | $5,710,012.25 | 140,123 | 2626459 |
| 0.89% | KAI | KADANT INC | -- | $5,709,043.63 | 18,871 | 2769978 |
| 0.89% | GFF | GRIFFON CORP | -- | $5,708,383.56 | 75,869 | 2463344 |
| 0.89% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,706,185.65 | 154,849 | 2965668 |
| 0.89% | LNN | LINDSAY CORP | -- | $5,669,968.08 | 43,926 | 2516613 |
| 0.89% | MBWM | MERCANTILE BANK CORP | -- | $5,657,655.84 | 126,768 | 2620257 |
| 0.89% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,653,394.82 | 185,418 | 2862156 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,648,306.18 | 42,719 | 2715186 |
| 0.88% | MZTI | MARZETTI COMPANY/THE | -- | $5,641,348.02 | 33,454 | 2503206 |
| 0.88% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,627,316.20 | 74,239 | 2125246 |
| 0.88% | AMSF | AMERISAFE INC | -- | $5,620,914.08 | 134,536 | B0PPHS6 |
| 0.88% | FULT | FULTON FINANCIAL CORP | -- | $5,620,130.65 | 318,421 | 2356585 |
| 0.88% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,611,247.00 | 64,795 | 2763602 |
| 0.88% | SCL | STEPAN CO | -- | $5,607,616.35 | 123,055 | 2845005 |
| 0.88% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,601,005.73 | 248,823 | 2619880 |
| 0.88% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,598,138.75 | 105,725 | 2706470 |
| 0.87% | LMAT | LEMAITRE VASCULAR INC | -- | $5,570,944.99 | 63,299 | B1G6TJ0 |
| 0.87% | STBA | S & T BANCORP INC | -- | $5,564,285.14 | 155,906 | 2781109 |
| 0.87% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,539,601.86 | 199,123 | 2485876 |
| 0.87% | FRME | FIRST MERCHANTS CORP | -- | $5,529,956.25 | 150,475 | 2342410 |
| 0.87% | MATX | MATSON INC | -- | $5,522,527.26 | 58,458 | B8GNC91 |
| 0.86% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,520,407.57 | 90,841 | 2537528 |
| 0.86% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,506,751.69 | 180,727 | BWC6PW6 |
| 0.86% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,504,816.98 | 200,686 | 2713395 |
| 0.86% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,501,063.64 | 394,059 | BXC87C3 |
| 0.86% | WDFC | WD-40 CO | -- | $5,462,336.44 | 28,292 | 2944742 |
| 0.85% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,435,246.71 | 149,197 | 2927497 |
| 0.85% | NSP | INSPERITY INC | -- | $5,435,156.80 | 114,280 | 2007281 |
| 0.85% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,430,931.36 | 143,372 | 2086558 |
| 0.85% | ALG | ALAMO GROUP INC | -- | $5,404,887.18 | 29,493 | 2021634 |
| 0.85% | APOG | APOGEE ENTERPRISES INC | -- | $5,398,342.56 | 141,466 | 2046176 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,355,410.49 | 71,991 | 2245597 |
| 0.84% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,355,293.52 | 295,546 | 2810133 |
| 0.83% | JJSF | J & J SNACK FOODS CORP | -- | $5,274,726.38 | 56,614 | 2469171 |
| 0.82% | AVNT | AVIENT CORP | -- | $5,223,556.42 | 163,594 | BMHWY55 |
| 0.77% | SCVL | SHOE CARNIVAL INC | -- | $4,939,676.50 | 250,745 | 2805474 |
| 0.75% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,788,221.36 | 30,056 | 2363381 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,100,210.37 | 1,100,210 | -- |
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
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Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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