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 11/11/2025- NAV $66.09
- NAV Change $+0.33
- Market Price $66.10
- Market Price Change $+0.33
- Trading Volume (M) 13,418
- 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 11/11/2025- NAV $66.09
- NAV Change $+0.33
- Market Price $66.10
- Market Price Change $+0.33
- Trading Volume (M) 13,418
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/11/2025
Holdings
as of 11/11/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.22% | ANDE | ANDERSONS INC/THE | -- | $7,600,198.32 | 147,634 | 2274922 |
| 1.19% | CSGS | CSG SYSTEMS INTL INC | -- | $7,401,368.87 | 94,321 | 2210885 |
| 1.18% | HI | HILLENBRAND INC | -- | $7,377,413.20 | 233,020 | B2QGDP1 |
| 1.18% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,372,526.00 | 216,839 | B9HHD96 |
| 1.18% | BKH | BLACK HILLS CORP | -- | $7,371,776.00 | 102,400 | 2101741 |
| 1.18% | SR | SPIRE INC | -- | $7,344,571.48 | 80,923 | BYXJQG9 |
| 1.15% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $7,180,909.10 | 142,790 | B125XQ6 |
| 1.13% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,079,817.60 | 105,480 | B03PGL4 |
| 1.12% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,978,671.53 | 146,089 | BFNR303 |
| 1.11% | AVA | AVISTA CORP | -- | $6,939,341.50 | 165,775 | 2942605 |
| 1.10% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,839,526.75 | 29,225 | 2840174 |
| 1.09% | LAND | GLADSTONE LAND CORP | -- | $6,799,903.29 | 680,671 | B83TNY4 |
| 1.08% | PII | POLARIS INC | -- | $6,733,234.06 | 103,318 | 2692933 |
| 1.06% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,613,150.50 | 222,665 | 2596949 |
| 1.06% | OGS | ONE GAS INC | -- | $6,598,477.20 | 80,430 | BJ0KXV4 |
| 1.05% | CTRE | CARETRUST REIT INC | -- | $6,573,212.00 | 180,088 | BMP8TL6 |
| 1.05% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,571,800.00 | 48,680 | 2190750 |
| 1.04% | MTRN | MATERION CORP | -- | $6,500,077.68 | 54,294 | 2149622 |
| 1.04% | ALE | ALLETE INC | -- | $6,486,271.44 | 96,036 | B02R1L6 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,399,062.85 | 103,461 | B3N4753 |
| 1.02% | UTL | UNITIL CORP | -- | $6,396,916.05 | 132,195 | 2925037 |
| 1.02% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,394,157.59 | 324,083 | 2752730 |
| 1.02% | YORW | YORK WATER CO | -- | $6,344,745.57 | 197,103 | 2425292 |
| 1.01% | ENSG | ENSIGN GROUP INC/THE | -- | $6,316,553.80 | 35,131 | B1YWPP8 |
| 1.01% | GRC | GORMAN-RUPP CO | -- | $6,316,085.16 | 141,426 | 2379281 |
| 1.01% | MATX | MATSON INC | -- | $6,280,267.84 | 57,904 | B8GNC91 |
| 1.00% | OTTR | OTTER TAIL CORP | -- | $6,248,173.75 | 72,865 | 2664103 |
| 1.00% | CADE | CADENCE BANK | -- | $6,241,474.54 | 161,822 | BMCS168 |
| 0.99% | AWR | AMERICAN STATES WATER CO | -- | $6,211,113.36 | 81,876 | 2267171 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,208,449.12 | 107,487 | 2707826 |
| 0.99% | BMI | BADGER METER INC | -- | $6,202,897.87 | 33,437 | 2069128 |
| 0.99% | TCBK | TRICO BANCSHARES | -- | $6,162,302.85 | 135,465 | 2904133 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $6,072,672.40 | 72,122 | 2554163 |
| 0.97% | EXPO | EXPONENT INC | -- | $6,072,468.60 | 85,588 | 2330318 |
| 0.97% | STBA | S & T BANCORP INC | -- | $6,064,269.75 | 154,425 | 2781109 |
| 0.97% | MSEX | MIDDLESEX WATER CO | -- | $6,063,752.90 | 112,835 | 2589466 |
| 0.97% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,035,521.50 | 42,310 | 2715186 |
| 0.97% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,030,146.22 | 85,973 | 2447821 |
| 0.96% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,026,474.71 | 129,797 | 2165383 |
| 0.96% | HMN | HORACE MANN EDUCATORS | -- | $6,024,077.58 | 132,078 | 2437112 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,009,733.60 | 21,806 | 2943620 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,994,047.40 | 129,910 | 2630513 |
| 0.96% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,990,156.11 | 174,793 | B019FW2 |
| 0.96% | NPO | ENPRO INC | -- | $5,966,474.21 | 27,869 | 2951292 |
| 0.95% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,956,128.99 | 87,423 | 2888613 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,946,433.65 | 62,627 | 2350383 |
| 0.95% | WSBC | WESBANCO INC | -- | $5,937,859.20 | 189,345 | 2953782 |
| 0.95% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,928,875.75 | 142,009 | 2086558 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,922,895.33 | 64,177 | 2763602 |
| 0.95% | BCPC | BALCHEM CORP | -- | $5,920,940.08 | 37,928 | 2072074 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $5,906,514.96 | 110,114 | 2923804 |
| 0.94% | UBSI | UNITED BANKSHARES INC | -- | $5,893,815.60 | 159,724 | 2905794 |
| 0.94% | TR | TOOTSIE ROLL INDS | -- | $5,883,048.86 | 149,734 | 2896809 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $5,859,872.06 | 229,439 | 2055718 |
| 0.94% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,851,924.56 | 102,021 | 2222062 |
| 0.94% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,843,181.66 | 147,779 | 2927497 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,826,644.48 | 211,724 | 2698146 |
| 0.93% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,822,500.52 | 198,788 | 2713395 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,792,219.50 | 186,245 | 2492133 |
| 0.93% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,790,590.12 | 245,468 | 2568090 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,786,446.93 | 138,797 | 2626459 |
| 0.92% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,761,197.00 | 390,325 | BXC87C3 |
| 0.92% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,759,684.63 | 179,039 | BWC6PW6 |
| 0.92% | CNS | COHEN & STEERS INC | -- | $5,758,055.04 | 84,256 | B02H882 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,756,648.05 | 197,755 | 2679419 |
| 0.92% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,742,301.29 | 234,093 | BZ16HK0 |
| 0.92% | MBWM | MERCANTILE BANK CORP | -- | $5,730,969.16 | 125,569 | 2620257 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,703,701.92 | 247,664 | BZ1LBM5 |
| 0.91% | HTO | H2O AMERICA | -- | $5,699,013.06 | 121,101 | 2811932 |
| 0.91% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,693,354.24 | 153,377 | 2965668 |
| 0.91% | GATX | GATX CORP | -- | $5,688,955.30 | 36,470 | 2362128 |
| 0.91% | MZTI | MARZETTI COMPANY/THE | -- | $5,687,794.40 | 33,136 | 2503206 |
| 0.91% | LMAT | LEMAITRE VASCULAR INC | -- | $5,666,108.63 | 62,699 | B1G6TJ0 |
| 0.91% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,658,614.77 | 197,233 | 2485876 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,655,983.97 | 98,007 | 2354664 |
| 0.90% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,647,873.18 | 104,726 | 2706470 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,617,363.05 | 315,405 | 2356585 |
| 0.90% | WDFC | WD-40 CO | -- | $5,614,167.03 | 28,019 | 2944742 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,594,465.60 | 170,980 | BFZ9DB8 |
| 0.89% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,559,236.85 | 183,655 | 2862156 |
| 0.89% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,533,027.00 | 246,460 | 2619880 |
| 0.88% | AMSF | AMERISAFE INC | -- | $5,471,819.84 | 133,264 | B0PPHS6 |
| 0.87% | SCL | STEPAN CO | -- | $5,420,537.24 | 121,892 | 2845005 |
| 0.87% | FRME | FIRST MERCHANTS CORP | -- | $5,413,459.68 | 149,049 | 2342410 |
| 0.86% | IOSP | INNOSPEC INC | -- | $5,395,314.60 | 71,310 | 2245597 |
| 0.86% | GFF | GRIFFON CORP | -- | $5,380,060.09 | 75,151 | 2463344 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,371,905.06 | 126,666 | 2024901 |
| 0.85% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,329,240.55 | 228,233 | B15RZR4 |
| 0.85% | TRN | TRINITY INDUSTRIES INC | -- | $5,325,487.50 | 213,875 | 2904627 |
| 0.85% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,287,028.88 | 292,748 | 2810133 |
| 0.85% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,285,307.72 | 89,978 | 2537528 |
| 0.83% | HNI | HNI CORP | -- | $5,167,706.00 | 130,828 | 2435246 |
| 0.80% | MGRC | MCGRATH RENTCORP | -- | $5,001,267.62 | 48,641 | 2551551 |
| 0.79% | KAI | KADANT INC | -- | $4,933,709.11 | 18,689 | 2769978 |
| 0.79% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,929,251.25 | 29,775 | 2363381 |
| 0.78% | LNN | LINDSAY CORP | -- | $4,890,299.20 | 43,508 | 2516613 |
| 0.77% | AVNT | AVIENT CORP | -- | $4,830,412.40 | 162,040 | BMHWY55 |
| 0.77% | POWI | POWER INTEGRATIONS INC | -- | $4,817,003.68 | 136,112 | 2133045 |
| 0.77% | HY | HYSTER-YALE INC | -- | $4,816,852.59 | 162,129 | B7LG306 |
| 0.77% | ALG | ALAMO GROUP INC | -- | $4,802,872.62 | 29,211 | 2021634 |
| 0.77% | APOG | APOGEE ENTERPRISES INC | -- | $4,801,946.67 | 140,121 | 2046176 |
| 0.74% | JJSF | J & J SNACK FOODS CORP | -- | $4,620,827.20 | 56,078 | 2469171 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,567,569.40 | 73,540 | 2125246 |
| 0.68% | SCVL | SHOE CARNIVAL INC | -- | $4,234,606.20 | 248,364 | 2805474 |
| 0.62% | NSP | INSPERITY INC | -- | $3,873,669.78 | 113,199 | 2007281 |
| 0.55% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,417,331.98 | 165,729 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,351,625.97 | 1,351,626 | -- |
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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