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 10/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -2.32% | 1.07% | 4.40% | -1.99% | -1.80% | 4.28% | 8.50% | 7.17% | 6.99% | 02/03/2015 |
| SMDV Market Price | -2.33% | 1.23% | 4.51% | -2.03% | -1.86% | 4.26% | 8.48% | 7.13% | 6.99% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -2.29% | 1.16% | 4.61% | -1.68% | -1.43% | 4.66% | 8.93% | 7.63% | 7.44% | -- |
| 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 11/21/2025- NAV $65.72
- NAV Change $+1.67
- Market Price $65.69
- Market Price Change $+1.68
- Trading Volume (M) 20,522
- 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 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 11/21/2025- NAV $65.72
- NAV Change $+1.67
- Market Price $65.69
- Market Price Change $+1.68
- Trading Volume (M) 20,522
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/21/2025
Holdings
as of 11/21/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.19% | HI | HILLENBRAND INC | -- | $7,297,354.68 | 230,637 | B2QGDP1 |
| 1.18% | CSGS | CSG SYSTEMS INTL INC | -- | $7,267,298.08 | 93,362 | 2210885 |
| 1.18% | ANDE | ANDERSONS INC/THE | -- | $7,252,084.49 | 146,123 | 2274922 |
| 1.16% | BKH | BLACK HILLS CORP | -- | $7,101,874.78 | 101,354 | 2101741 |
| 1.14% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $7,006,075.09 | 141,337 | B125XQ6 |
| 1.13% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,971,214.88 | 214,631 | B9HHD96 |
| 1.13% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,953,669.73 | 144,597 | BFNR303 |
| 1.12% | SR | SPIRE INC | -- | $6,896,610.00 | 80,100 | BYXJQG9 |
| 1.12% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,858,364.45 | 104,405 | B03PGL4 |
| 1.09% | AVA | AVISTA CORP | -- | $6,681,337.60 | 164,080 | 2942605 |
| 1.08% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,632,791.75 | 28,925 | 2840174 |
| 1.08% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,608,228.04 | 48,186 | 2190750 |
| 1.07% | OGS | ONE GAS INC | -- | $6,601,012.44 | 79,607 | BJ0KXV4 |
| 1.06% | CTRE | CARETRUST REIT INC | -- | $6,541,664.90 | 178,247 | BMP8TL6 |
| 1.06% | PII | POLARIS INC | -- | $6,504,885.82 | 102,262 | 2692933 |
| 1.06% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,494,834.36 | 220,388 | 2596949 |
| 1.05% | ENSG | ENSIGN GROUP INC/THE | -- | $6,432,657.27 | 34,773 | B1YWPP8 |
| 1.05% | ALE | ALLETE INC | -- | $6,423,069.06 | 95,058 | B02R1L6 |
| 1.04% | UTL | UNITIL CORP | -- | $6,416,834.96 | 130,849 | 2925037 |
| 1.03% | TRNO | TERRENO REALTY CORP | -- | $6,341,941.65 | 102,405 | B3N4753 |
| 1.03% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,335,207.50 | 320,770 | 2752730 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,314,633.13 | 139,983 | 2379281 |
| 1.03% | MTRN | MATERION CORP | -- | $6,313,072.74 | 53,742 | 2149622 |
| 1.02% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,278,707.89 | 128,583 | 2630513 |
| 1.02% | TCBK | TRICO BANCSHARES | -- | $6,256,172.80 | 134,080 | 2904133 |
| 1.02% | CADE | CADENCE BANK | -- | $6,240,028.40 | 160,165 | BMCS168 |
| 1.01% | YORW | YORK WATER CO | -- | $6,227,208.96 | 195,088 | 2425292 |
| 1.01% | TXNM | TXNM ENERGY INC | -- | $6,179,247.36 | 106,392 | 2707826 |
| 1.01% | LAND | GLADSTONE LAND CORP | -- | $6,178,049.08 | 673,724 | B83TNY4 |
| 0.99% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,098,637.75 | 173,011 | B019FW2 |
| 0.99% | HMN | HORACE MANN EDUCATORS | -- | $6,076,423.36 | 130,732 | 2437112 |
| 0.98% | STBA | S & T BANCORP INC | -- | $6,035,888.54 | 152,846 | 2781109 |
| 0.98% | MATX | MATSON INC | -- | $6,029,900.73 | 57,313 | B8GNC91 |
| 0.97% | EXPO | EXPONENT INC | -- | $5,983,491.08 | 84,716 | 2330318 |
| 0.97% | GTY | GETTY REALTY CORP | -- | $5,983,052.20 | 209,564 | 2698146 |
| 0.97% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,954,925.09 | 242,959 | 2568090 |
| 0.97% | NPO | ENPRO INC | -- | $5,949,903.96 | 27,588 | 2951292 |
| 0.97% | AWR | AMERICAN STATES WATER CO | -- | $5,946,124.91 | 81,043 | 2267171 |
| 0.97% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,944,457.26 | 85,091 | 2447821 |
| 0.96% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,922,391.32 | 146,268 | 2927497 |
| 0.96% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,902,347.72 | 86,532 | 2888613 |
| 0.96% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,900,822.20 | 63,518 | 2763602 |
| 0.96% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,898,984.72 | 196,764 | 2713395 |
| 0.96% | MGEE | MGE ENERGY INC | -- | $5,887,917.28 | 71,386 | 2554163 |
| 0.96% | OTTR | OTTER TAIL CORP | -- | $5,887,073.97 | 72,119 | 2664103 |
| 0.96% | WSBC | WESBANCO INC | -- | $5,886,453.87 | 187,407 | 2953782 |
| 0.96% | UBSI | UNITED BANKSHARES INC | -- | $5,885,951.31 | 158,097 | 2905794 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,881,151.67 | 21,583 | 2943620 |
| 0.96% | BMI | BADGER METER INC | -- | $5,873,571.08 | 33,098 | 2069128 |
| 0.95% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,847,954.40 | 128,470 | 2165383 |
| 0.95% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,847,129.60 | 140,556 | 2086558 |
| 0.95% | BCPC | BALCHEM CORP | -- | $5,836,123.86 | 37,541 | 2072074 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,820,444.85 | 227,095 | 2055718 |
| 0.94% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,799,525.16 | 184,346 | 2492133 |
| 0.94% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,799,008.43 | 386,343 | BXC87C3 |
| 0.94% | UVV | UNIVERSAL CORP/VA | -- | $5,776,470.00 | 108,990 | 2923804 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,767,983.40 | 61,988 | 2350383 |
| 0.94% | TR | TOOTSIE ROLL INDS | -- | $5,763,614.67 | 148,203 | 2896809 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $5,756,713.40 | 195,740 | 2679419 |
| 0.94% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,754,125.30 | 100,985 | 2222062 |
| 0.93% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,741,782.79 | 103,661 | 2706470 |
| 0.93% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,690,604.70 | 195,218 | 2485876 |
| 0.93% | BUSE | FIRST BUSEY CORP | -- | $5,689,583.35 | 245,135 | BZ1LBM5 |
| 0.93% | MBWM | MERCANTILE BANK CORP | -- | $5,687,510.40 | 124,290 | 2620257 |
| 0.92% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,676,507.07 | 243,941 | 2619880 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,671,170.24 | 137,383 | 2626459 |
| 0.92% | GATX | GATX CORP | -- | $5,668,375.02 | 36,102 | 2362128 |
| 0.92% | MZTI | MARZETTI COMPANY/THE | -- | $5,630,260.99 | 32,797 | 2503206 |
| 0.91% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,607,810.32 | 177,238 | BWC6PW6 |
| 0.91% | FULT | FULTON FINANCIAL CORP | -- | $5,606,914.44 | 312,189 | 2356585 |
| 0.91% | MSEX | MIDDLESEX WATER CO | -- | $5,585,216.82 | 111,682 | 2589466 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,567,567.04 | 41,874 | 2715186 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,563,117.00 | 231,700 | BZ16HK0 |
| 0.91% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,562,787.32 | 169,236 | BFZ9DB8 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,562,496.06 | 97,009 | 2354664 |
| 0.90% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,549,621.28 | 181,776 | 2862156 |
| 0.90% | WDFC | WD-40 CO | -- | $5,518,426.56 | 27,728 | 2944742 |
| 0.89% | TRN | TRINITY INDUSTRIES INC | -- | $5,461,731.00 | 211,695 | 2904627 |
| 0.89% | LMAT | LEMAITRE VASCULAR INC | -- | $5,456,935.80 | 62,060 | B1G6TJ0 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,436,406.80 | 147,528 | 2342410 |
| 0.87% | GFF | GRIFFON CORP | -- | $5,366,206.04 | 74,386 | 2463344 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,364,698.36 | 131,908 | B0PPHS6 |
| 0.87% | HTO | H2O AMERICA | -- | $5,362,581.14 | 119,861 | 2811932 |
| 0.87% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,360,559.54 | 225,898 | B15RZR4 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,343,641.60 | 151,808 | 2965668 |
| 0.87% | SCL | STEPAN CO | -- | $5,324,372.76 | 120,652 | 2845005 |
| 0.86% | HNI | HNI CORP | -- | $5,297,476.81 | 129,491 | 2435246 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,290,951.60 | 125,378 | 2024901 |
| 0.85% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,247,626.04 | 289,764 | 2810133 |
| 0.85% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,243,735.04 | 89,058 | 2537528 |
| 0.83% | CNS | COHEN & STEERS INC | -- | $5,119,557.66 | 83,394 | B02H882 |
| 0.83% | IOSP | INNOSPEC INC | -- | $5,091,223.92 | 70,584 | 2245597 |
| 0.82% | JJSF | J & J SNACK FOODS CORP | -- | $5,040,590.67 | 55,507 | 2469171 |
| 0.81% | KAI | KADANT INC | -- | $4,947,227.55 | 18,495 | 2769978 |
| 0.80% | APOG | APOGEE ENTERPRISES INC | -- | $4,895,651.10 | 138,687 | 2046176 |
| 0.79% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,854,532.50 | 29,475 | 2363381 |
| 0.79% | LNN | LINDSAY CORP | -- | $4,853,518.02 | 43,062 | 2516613 |
| 0.78% | MGRC | MCGRATH RENTCORP | -- | $4,813,737.06 | 48,147 | 2551551 |
| 0.76% | AVNT | AVIENT CORP | -- | $4,697,618.07 | 160,383 | BMHWY55 |
| 0.76% | ALG | ALAMO GROUP INC | -- | $4,654,960.11 | 28,911 | 2021634 |
| 0.74% | HY | HYSTER-YALE INC | -- | $4,517,286.80 | 160,472 | B7LG306 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,508,132.42 | 72,794 | 2125246 |
| 0.72% | POWI | POWER INTEGRATIONS INC | -- | $4,454,074.62 | 134,727 | 2133045 |
| 0.67% | SCVL | SHOE CARNIVAL INC | -- | $4,090,528.00 | 245,825 | 2805474 |
| 0.63% | NSP | INSPERITY INC | -- | $3,861,105.16 | 112,046 | 2007281 |
| 0.46% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $2,796,762.65 | 164,033 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,813,507.88 | 1,813,508 | -- |
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
