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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- Price/Book Ratio 1.56
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 $2.61 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 11/10/2025- NAV $65.77
- NAV Change $+0.19
- Market Price $65.77
- Market Price Change $+0.24
- Trading Volume (M) 19,586
- 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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- Price/Book Ratio 1.56
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 $2.61 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 11/10/2025- NAV $65.77
- NAV Change $+0.19
- Market Price $65.77
- Market Price Change $+0.24
- Trading Volume (M) 19,586
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/10/2025
Holdings
as of 11/10/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.21% | ANDE | ANDERSONS INC/THE | -- | $7,543,766.54 | 147,946 | 2274922 |
| 1.19% | HI | HILLENBRAND INC | -- | $7,392,989.92 | 233,512 | B2QGDP1 |
| 1.19% | CSGS | CSG SYSTEMS INTL INC | -- | $7,381,933.90 | 94,519 | 2210885 |
| 1.18% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,342,398.05 | 217,295 | B9HHD96 |
| 1.17% | BKH | BLACK HILLS CORP | -- | $7,299,076.08 | 102,616 | 2101741 |
| 1.17% | SR | SPIRE INC | -- | $7,264,310.94 | 81,093 | BYXJQG9 |
| 1.12% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,997,101.00 | 143,090 | B125XQ6 |
| 1.12% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,993,244.32 | 105,702 | B03PGL4 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,969,134.52 | 29,287 | 2840174 |
| 1.10% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,880,659.00 | 146,397 | BFNR303 |
| 1.10% | AVA | AVISTA CORP | -- | $6,832,721.25 | 166,125 | 2942605 |
| 1.08% | LAND | GLADSTONE LAND CORP | -- | $6,698,271.10 | 682,105 | B83TNY4 |
| 1.07% | PII | POLARIS INC | -- | $6,692,567.04 | 103,536 | 2692933 |
| 1.07% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,647,191.65 | 223,135 | 2596949 |
| 1.06% | CTRE | CARETRUST REIT INC | -- | $6,614,152.20 | 180,468 | BMP8TL6 |
| 1.05% | OGS | ONE GAS INC | -- | $6,566,482.00 | 80,600 | BJ0KXV4 |
| 1.05% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,512,397.00 | 48,782 | 2190750 |
| 1.04% | ALE | ALLETE INC | -- | $6,481,629.30 | 96,238 | B02R1L6 |
| 1.03% | MTRN | MATERION CORP | -- | $6,429,393.36 | 54,408 | 2149622 |
| 1.03% | ENSG | ENSIGN GROUP INC/THE | -- | $6,390,411.60 | 35,205 | B1YWPP8 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,341,007.64 | 103,679 | B3N4753 |
| 1.02% | MATX | MATSON INC | -- | $6,331,797.12 | 58,026 | B8GNC91 |
| 1.01% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,316,718.15 | 324,767 | 2752730 |
| 1.01% | YORW | YORK WATER CO | -- | $6,310,732.05 | 197,519 | 2425292 |
| 1.01% | GRC | GORMAN-RUPP CO | -- | $6,305,300.76 | 141,724 | 2379281 |
| 1.01% | UTL | UNITIL CORP | -- | $6,303,065.34 | 132,473 | 2925037 |
| 1.01% | BMI | BADGER METER INC | -- | $6,282,562.50 | 33,507 | 2069128 |
| 1.01% | CADE | CADENCE BANK | -- | $6,282,233.36 | 162,164 | BMCS168 |
| 1.00% | TXNM | TXNM ENERGY INC | -- | $6,224,734.27 | 107,713 | 2707826 |
| 0.99% | OTTR | OTTER TAIL CORP | -- | $6,184,709.30 | 73,019 | 2664103 |
| 0.99% | AWR | AMERICAN STATES WATER CO | -- | $6,155,240.96 | 82,048 | 2267171 |
| 0.98% | TCBK | TRICO BANCSHARES | -- | $6,131,872.67 | 135,751 | 2904133 |
| 0.97% | EXPO | EXPONENT INC | -- | $6,071,516.72 | 85,768 | 2330318 |
| 0.97% | HMN | HORACE MANN EDUCATORS | -- | $6,038,080.72 | 132,356 | 2437112 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,027,874.20 | 21,852 | 2943620 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $6,016,810.50 | 72,274 | 2554163 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,003,280.40 | 86,155 | 2447821 |
| 0.96% | NPO | ENPRO INC | -- | $5,993,692.74 | 27,927 | 2951292 |
| 0.96% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,992,257.81 | 175,161 | B019FW2 |
| 0.96% | STBA | S & T BANCORP INC | -- | $5,981,126.15 | 154,751 | 2781109 |
| 0.96% | MSEX | MIDDLESEX WATER CO | -- | $5,960,077.83 | 113,073 | 2589466 |
| 0.96% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,950,748.25 | 130,071 | 2165383 |
| 0.95% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,944,201.44 | 130,184 | 2630513 |
| 0.95% | WSBC | WESBANCO INC | -- | $5,935,223.60 | 189,745 | 2953782 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,935,118.63 | 62,759 | 2350383 |
| 0.95% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,933,880.00 | 42,400 | 2715186 |
| 0.95% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,917,852.85 | 87,607 | 2888613 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,915,509.74 | 64,313 | 2763602 |
| 0.95% | BCPC | BALCHEM CORP | -- | $5,899,981.84 | 38,008 | 2072074 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,895,225.72 | 229,923 | 2055718 |
| 0.94% | UBSI | UNITED BANKSHARES INC | -- | $5,862,997.80 | 160,060 | 2905794 |
| 0.94% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,854,592.26 | 142,309 | 2086558 |
| 0.94% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,842,711.98 | 199,206 | 2713395 |
| 0.93% | UVV | UNIVERSAL CORP/VA | -- | $5,821,854.96 | 110,346 | 2923804 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,806,277.07 | 186,637 | 2492133 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,782,953.55 | 148,091 | 2927497 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,777,389.10 | 212,170 | 2698146 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,773,584.39 | 139,089 | 2626459 |
| 0.93% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,771,165.75 | 102,235 | 2222062 |
| 0.92% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,746,232.96 | 245,986 | 2568090 |
| 0.92% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,742,037.96 | 391,147 | BXC87C3 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,741,013.87 | 198,171 | 2679419 |
| 0.92% | GATX | GATX CORP | -- | $5,727,123.66 | 36,546 | 2362128 |
| 0.92% | MZTI | MARZETTI COMPANY/THE | -- | $5,726,042.64 | 33,206 | 2503206 |
| 0.92% | TR | TOOTSIE ROLL INDS | -- | $5,722,907.00 | 150,050 | 2896809 |
| 0.92% | MBWM | MERCANTILE BANK CORP | -- | $5,716,593.19 | 125,833 | 2620257 |
| 0.92% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,706,126.63 | 197,649 | 2485876 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,688,423.12 | 248,186 | BZ1LBM5 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,671,800.75 | 98,213 | 2354664 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,662,930.18 | 234,587 | BZ16HK0 |
| 0.91% | HTO | H2O AMERICA | -- | $5,662,517.62 | 121,357 | 2811932 |
| 0.91% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,659,270.82 | 153,701 | 2965668 |
| 0.91% | CNS | COHEN & STEERS INC | -- | $5,653,700.64 | 84,434 | B02H882 |
| 0.90% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,634,550.74 | 104,946 | 2706470 |
| 0.90% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,626,328.96 | 179,411 | BWC6PW6 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,595,964.40 | 171,340 | BFZ9DB8 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,591,260.61 | 316,069 | 2356585 |
| 0.89% | WDFC | WD-40 CO | -- | $5,559,922.79 | 28,079 | 2944742 |
| 0.89% | TRN | TRINITY INDUSTRIES INC | -- | $5,538,158.00 | 214,325 | 2904627 |
| 0.89% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,537,853.87 | 184,043 | 2862156 |
| 0.89% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,532,352.00 | 246,980 | 2619880 |
| 0.89% | LMAT | LEMAITRE VASCULAR INC | -- | $5,515,933.49 | 62,831 | B1G6TJ0 |
| 0.88% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,477,724.25 | 228,715 | B15RZR4 |
| 0.88% | AMSF | AMERISAFE INC | -- | $5,463,285.04 | 133,544 | B0PPHS6 |
| 0.87% | GFF | GRIFFON CORP | -- | $5,424,507.27 | 75,309 | 2463344 |
| 0.87% | FRME | FIRST MERCHANTS CORP | -- | $5,408,434.23 | 149,363 | 2342410 |
| 0.86% | SCL | STEPAN CO | -- | $5,370,847.56 | 122,148 | 2845005 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,367,954.28 | 126,932 | 2024901 |
| 0.86% | IOSP | INNOSPEC INC | -- | $5,364,502.20 | 71,460 | 2245597 |
| 0.85% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,309,888.40 | 293,364 | 2810133 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,235,154.08 | 90,168 | 2537528 |
| 0.83% | HNI | HNI CORP | -- | $5,166,808.64 | 131,104 | 2435246 |
| 0.83% | HY | HYSTER-YALE INC | -- | $5,163,328.38 | 162,471 | B7LG306 |
| 0.81% | MGRC | MCGRATH RENTCORP | -- | $5,066,347.42 | 48,743 | 2551551 |
| 0.80% | KAI | KADANT INC | -- | $4,981,164.84 | 18,729 | 2769978 |
| 0.78% | POWI | POWER INTEGRATIONS INC | -- | $4,866,680.64 | 136,398 | 2133045 |
| 0.78% | LNN | LINDSAY CORP | -- | $4,860,092.00 | 43,600 | 2516613 |
| 0.78% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,859,253.82 | 29,837 | 2363381 |
| 0.78% | ALG | ALAMO GROUP INC | -- | $4,842,046.93 | 29,273 | 2021634 |
| 0.77% | APOG | APOGEE ENTERPRISES INC | -- | $4,812,090.59 | 140,417 | 2046176 |
| 0.77% | AVNT | AVIENT CORP | -- | $4,811,378.66 | 162,382 | BMHWY55 |
| 0.74% | JJSF | J & J SNACK FOODS CORP | -- | $4,601,328.48 | 56,196 | 2469171 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,574,923.52 | 73,694 | 2125246 |
| 0.68% | SCVL | SHOE CARNIVAL INC | -- | $4,255,984.80 | 248,888 | 2805474 |
| 0.60% | NSP | INSPERITY INC | -- | $3,724,136.71 | 113,437 | 2007281 |
| 0.59% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,673,667.48 | 166,079 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,367,091.69 | 1,367,092 | -- |
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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