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 12/05/2025- NAV $66.78
- NAV Change $-0.20
- Market Price $66.78
- Market Price Change $-0.21
- Trading Volume (M) 8,828
- 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 12/05/2025- NAV $66.78
- NAV Change $-0.20
- Market Price $66.78
- Market Price Change $-0.21
- Trading Volume (M) 8,828
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/05/2025
Holdings
as of 12/05/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.18% | HI | HILLENBRAND INC | -- | $7,370,864.48 | 231,497 | B2QGDP1 |
| 1.17% | ANDE | ANDERSONS INC/THE | -- | $7,334,866.68 | 146,668 | 2274922 |
| 1.15% | CSGS | CSG SYSTEMS INTL INC | -- | $7,216,530.09 | 93,709 | 2210885 |
| 1.15% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,199,670.60 | 215,430 | B9HHD96 |
| 1.14% | BKH | BLACK HILLS CORP | -- | $7,115,136.08 | 101,732 | 2101741 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,028,308.64 | 29,033 | 2840174 |
| 1.11% | PII | POLARIS INC | -- | $6,923,270.35 | 102,643 | 2692933 |
| 1.10% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,890,237.34 | 141,862 | B125XQ6 |
| 1.10% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,871,342.58 | 104,794 | B03PGL4 |
| 1.09% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,826,509.74 | 221,209 | 2596949 |
| 1.08% | MTRN | MATERION CORP | -- | $6,756,235.50 | 53,942 | 2149622 |
| 1.08% | CTRE | CARETRUST REIT INC | -- | $6,744,982.40 | 178,912 | BMP8TL6 |
| 1.07% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,711,088.64 | 145,136 | BFNR303 |
| 1.07% | MATX | MATSON INC | -- | $6,695,567.53 | 57,527 | B8GNC91 |
| 1.06% | CADE | CADENCE BANK | -- | $6,660,369.66 | 160,762 | BMCS168 |
| 1.06% | SR | SPIRE INC | -- | $6,627,207.14 | 80,398 | BYXJQG9 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,498,310.00 | 140,504 | 2379281 |
| 1.04% | YORW | YORK WATER CO | -- | $6,488,330.03 | 195,815 | 2425292 |
| 1.03% | ALE | ALLETE INC | -- | $6,450,805.32 | 95,412 | B02R1L6 |
| 1.03% | TCBK | TRICO BANCSHARES | -- | $6,435,615.60 | 134,580 | 2904133 |
| 1.03% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,414,852.64 | 173,656 | B019FW2 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,401,512.08 | 102,786 | B3N4753 |
| 1.02% | AVA | AVISTA CORP | -- | $6,375,188.61 | 164,691 | 2942605 |
| 1.01% | OGS | ONE GAS INC | -- | $6,292,440.00 | 79,904 | BJ0KXV4 |
| 1.01% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,289,518.76 | 85,409 | 2447821 |
| 1.00% | UTL | UNITIL CORP | -- | $6,287,054.32 | 131,336 | 2925037 |
| 1.00% | NPO | ENPRO INC | -- | $6,275,661.60 | 27,690 | 2951292 |
| 1.00% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,245,856.10 | 48,365 | 2190750 |
| 1.00% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,236,462.05 | 321,965 | 2752730 |
| 1.00% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,226,563.26 | 86,854 | 2888613 |
| 0.99% | EXPO | EXPONENT INC | -- | $6,225,969.82 | 85,031 | 2330318 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,218,265.24 | 106,788 | 2707826 |
| 0.99% | ENSG | ENSIGN GROUP INC/THE | -- | $6,211,686.91 | 34,903 | B1YWPP8 |
| 0.99% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,198,605.50 | 185,033 | 2492133 |
| 0.99% | LAND | GLADSTONE LAND CORP | -- | $6,174,025.55 | 676,235 | B83TNY4 |
| 0.99% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,171,750.00 | 197,496 | 2713395 |
| 0.98% | STBA | S & T BANCORP INC | -- | $6,155,009.80 | 153,415 | 2781109 |
| 0.98% | WSBC | WESBANCO INC | -- | $6,147,304.08 | 188,106 | 2953782 |
| 0.97% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,084,823.53 | 141,081 | 2086558 |
| 0.97% | GATX | GATX CORP | -- | $6,062,282.80 | 36,236 | 2362128 |
| 0.96% | UBSI | UNITED BANKSHARES INC | -- | $6,033,241.72 | 158,686 | 2905794 |
| 0.96% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,998,707.95 | 63,755 | 2763602 |
| 0.96% | BMI | BADGER METER INC | -- | $5,984,430.94 | 33,221 | 2069128 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,984,160.30 | 195,945 | 2485876 |
| 0.96% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,977,106.64 | 243,864 | 2568090 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,953,845.04 | 227,942 | 2055718 |
| 0.95% | FULT | FULTON FINANCIAL CORP | -- | $5,953,669.00 | 313,351 | 2356585 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,951,940.48 | 81,344 | 2267171 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,946,791.20 | 101,360 | 2222062 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,945,226.44 | 72,388 | 2664103 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $5,945,151.94 | 196,469 | 2679419 |
| 0.95% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,943,107.52 | 104,046 | 2706470 |
| 0.95% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,929,186.78 | 387,782 | BXC87C3 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,910,679.00 | 244,850 | 2619880 |
| 0.94% | BUSE | FIRST BUSEY CORP | -- | $5,910,072.96 | 246,048 | BZ1LBM5 |
| 0.94% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,906,633.58 | 21,663 | 2943620 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $5,875,127.30 | 212,482 | 2904627 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,874,935.85 | 210,345 | 2698146 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,856,052.28 | 62,219 | 2350383 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,849,029.92 | 146,813 | 2927497 |
| 0.93% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,841,726.13 | 169,867 | BFZ9DB8 |
| 0.93% | MSEX | MIDDLESEX WATER CO | -- | $5,819,007.18 | 112,098 | 2589466 |
| 0.93% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,818,114.96 | 129,062 | 2630513 |
| 0.93% | MBWM | MERCANTILE BANK CORP | -- | $5,808,499.68 | 124,753 | 2620257 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,792,926.94 | 137,894 | 2626459 |
| 0.92% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,787,231.12 | 128,949 | 2165383 |
| 0.92% | HTO | H2O AMERICA | -- | $5,763,956.28 | 120,308 | 2811932 |
| 0.91% | HMN | HORACE MANN EDUCATORS | -- | $5,725,084.97 | 131,219 | 2437112 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,715,941.00 | 109,396 | 2923804 |
| 0.91% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,676,143.94 | 182,454 | 2862156 |
| 0.91% | BCPC | BALCHEM CORP | -- | $5,670,990.50 | 37,681 | 2072074 |
| 0.90% | FUL | H.B. FULLER CO. | -- | $5,662,065.50 | 97,370 | 2354664 |
| 0.90% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,659,053.84 | 42,031 | 2715186 |
| 0.90% | MGEE | MGE ENERGY INC | -- | $5,636,146.32 | 71,652 | 2554163 |
| 0.90% | ABM | ABM INDUSTRIES INC | -- | $5,616,417.72 | 125,844 | 2024901 |
| 0.89% | TR | TOOTSIE ROLL INDS | -- | $5,591,738.04 | 148,756 | 2896809 |
| 0.89% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,571,026.37 | 226,741 | B15RZR4 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,527,714.41 | 148,077 | 2342410 |
| 0.88% | GFF | GRIFFON CORP | -- | $5,517,595.70 | 74,663 | 2463344 |
| 0.87% | SCL | STEPAN CO | -- | $5,468,921.16 | 121,101 | 2845005 |
| 0.87% | HY | HYSTER-YALE INC | -- | $5,447,387.40 | 161,070 | B7LG306 |
| 0.87% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,430,038.81 | 290,843 | 2810133 |
| 0.86% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,367,554.04 | 232,563 | BZ16HK0 |
| 0.85% | KAI | KADANT INC | -- | $5,347,276.95 | 18,565 | 2769978 |
| 0.85% | HNI | HNI CORP | -- | $5,318,536.08 | 129,974 | 2435246 |
| 0.85% | IOSP | INNOSPEC INC | -- | $5,316,358.88 | 70,847 | 2245597 |
| 0.85% | WDFC | WD-40 CO | -- | $5,308,397.36 | 27,832 | 2944742 |
| 0.84% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,274,527.45 | 177,893 | BWC6PW6 |
| 0.84% | LMAT | LEMAITRE VASCULAR INC | -- | $5,265,458.23 | 62,291 | B1G6TJ0 |
| 0.84% | MZTI | MARZETTI COMPANY/THE | -- | $5,265,394.05 | 32,919 | 2503206 |
| 0.84% | APOG | APOGEE ENTERPRISES INC | -- | $5,241,030.60 | 139,204 | 2046176 |
| 0.83% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,208,755.30 | 89,390 | 2537528 |
| 0.83% | CNS | COHEN & STEERS INC | -- | $5,206,451.00 | 83,705 | B02H882 |
| 0.83% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,200,867.20 | 29,584 | 2363381 |
| 0.82% | LNN | LINDSAY CORP | -- | $5,138,350.24 | 43,223 | 2516613 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,068,211.61 | 55,713 | 2469171 |
| 0.80% | MGRC | MCGRATH RENTCORP | -- | $4,982,893.86 | 48,326 | 2551551 |
| 0.79% | AVNT | AVIENT CORP | -- | $4,940,506.89 | 160,981 | BMHWY55 |
| 0.79% | POWI | POWER INTEGRATIONS INC | -- | $4,937,174.28 | 135,228 | 2133045 |
| 0.79% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $4,936,950.00 | 152,375 | 2965668 |
| 0.79% | AMSF | AMERISAFE INC | -- | $4,917,298.86 | 132,399 | B0PPHS6 |
| 0.76% | ALG | ALAMO GROUP INC | -- | $4,784,072.34 | 29,019 | 2021634 |
| 0.75% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,703,129.68 | 73,064 | 2125246 |
| 0.69% | SCVL | SHOE CARNIVAL INC | -- | $4,327,837.14 | 246,741 | 2805474 |
| 0.63% | NSP | INSPERITY INC | -- | $3,951,949.82 | 112,463 | 2007281 |
| 0.52% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,230,334.90 | 164,645 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,681,215.88 | 1,681,216 | -- |
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
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