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 2/28/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 2.01% | 8.30% | 6.59% | 8.74% | 7.15% | 6.48% | 5.75% | 8.22% | 7.81% | 02/03/2015 |
| SMDV Market Price | 1.94% | 8.33% | 6.65% | 8.73% | 7.22% | 6.47% | 5.70% | 8.15% | 7.81% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 2.05% | 8.41% | 6.80% | 8.83% | 7.57% | 6.87% | 6.16% | 8.68% | 8.27% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
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
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- Price/Book Ratio 1.73
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 $2.90 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 3/06/2026- NAV $69.99
- NAV Change $-0.93
- Market Price $69.99
- Market Price Change $-0.88
- Trading Volume (M) 35,604
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.45%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
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
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- Price/Book Ratio 1.73
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 $2.90 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 3/06/2026- NAV $69.99
- NAV Change $-0.93
- Market Price $69.99
- Market Price Change $-0.88
- Trading Volume (M) 35,604
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.45%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 12/31/2025 and Fund as of 3/06/2026
Holdings
as of 3/06/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.23% | GRC | GORMAN-RUPP CO | -- | $7,804,586.55 | 128,049 | 2379281 |
| 1.22% | MATX | MATSON INC | -- | $7,785,049.14 | 50,886 | B8GNC91 |
| 1.19% | LAND | GLADSTONE LAND CORP | -- | $7,608,605.85 | 648,645 | B83TNY4 |
| 1.19% | ANDE | ANDERSONS INC/THE | -- | $7,584,608.85 | 118,417 | 2274922 |
| 1.18% | LMAT | LEMAITRE VASCULAR INC | -- | $7,523,850.79 | 70,061 | B1G6TJ0 |
| 1.17% | POWI | POWER INTEGRATIONS INC | -- | $7,471,438.66 | 162,211 | 2133045 |
| 1.15% | WDFC | WD-40 CO | -- | $7,337,263.36 | 31,048 | 2944742 |
| 1.13% | HTO | H2O AMERICA | -- | $7,194,952.87 | 123,614 | 2811932 |
| 1.12% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,163,606.10 | 131,370 | 2630513 |
| 1.11% | AVNT | AVIENT CORP | -- | $7,060,662.53 | 192,967 | BMHWY55 |
| 1.10% | GTY | GETTY REALTY CORP | -- | $7,003,483.02 | 212,034 | 2698146 |
| 1.08% | BCPC | BALCHEM CORP | -- | $6,896,917.44 | 39,348 | 2072074 |
| 1.08% | ENSG | ENSIGN GROUP INC/THE | -- | $6,896,407.17 | 33,279 | B1YWPP8 |
| 1.08% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $6,846,976.26 | 182,781 | 2965668 |
| 1.07% | TRN | TRINITY INDUSTRIES INC | -- | $6,830,295.87 | 214,183 | 2904627 |
| 1.07% | MTRN | MATERION CORP | -- | $6,818,168.34 | 47,286 | 2149622 |
| 1.07% | TR | TOOTSIE ROLL INDS | -- | $6,809,121.94 | 162,277 | 2896809 |
| 1.07% | KAI | KADANT INC | -- | $6,803,805.04 | 20,564 | 2769978 |
| 1.06% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,732,079.62 | 241,034 | B15RZR4 |
| 1.05% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,672,863.80 | 128,078 | BFNR303 |
| 1.04% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,648,570.56 | 21,716 | 2943620 |
| 1.03% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,589,308.24 | 256,593 | BZ16HK0 |
| 1.03% | SR | SPIRE INC | -- | $6,588,904.95 | 71,845 | BYXJQG9 |
| 1.03% | UTL | UNITIL CORP | -- | $6,565,236.63 | 123,709 | 2925037 |
| 1.03% | OGS | ONE GAS INC | -- | $6,546,247.05 | 75,201 | BJ0KXV4 |
| 1.03% | SCVL | SHOE CARNIVAL INC | -- | $6,540,086.80 | 337,640 | 2805474 |
| 1.02% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,507,190.62 | 121,926 | B125XQ6 |
| 1.02% | OTTR | OTTER TAIL CORP | -- | $6,492,874.44 | 72,111 | 2664103 |
| 1.01% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,456,724.42 | 387,326 | BXC87C3 |
| 1.01% | LNN | LINDSAY CORP | -- | $6,456,412.80 | 49,818 | 2516613 |
| 1.01% | NPO | ENPRO INC | -- | $6,445,951.10 | 26,134 | 2951292 |
| 1.01% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,422,993.66 | 148,646 | 2927497 |
| 1.01% | MBWM | MERCANTILE BANK CORP | -- | $6,401,239.35 | 127,198 | 2620257 |
| 1.00% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,354,427.86 | 177,201 | B9HHD96 |
| 0.99% | GATX | GATX CORP | -- | $6,331,278.72 | 35,394 | 2362128 |
| 0.99% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,296,207.20 | 90,320 | B03PGL4 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $6,296,198.60 | 311,693 | 2356585 |
| 0.99% | SCL | STEPAN CO | -- | $6,294,480.00 | 131,135 | 2845005 |
| 0.99% | CTRE | CARETRUST REIT INC | -- | $6,274,014.84 | 157,086 | BMP8TL6 |
| 0.98% | PEBO | PEOPLES BANCORP INC | -- | $6,258,773.82 | 195,709 | 2679419 |
| 0.98% | UBSI | UNITED BANKSHARES INC | -- | $6,252,527.52 | 155,768 | 2905794 |
| 0.98% | BKH | BLACK HILLS CORP | -- | $6,224,532.76 | 84,676 | 2101741 |
| 0.98% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,218,988.75 | 245,325 | 2619880 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,209,614.25 | 80,425 | 2447821 |
| 0.97% | GFF | GRIFFON CORP | -- | $6,205,162.77 | 80,139 | 2463344 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,203,785.70 | 82,607 | 2888613 |
| 0.97% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,197,553.00 | 241,620 | 2568090 |
| 0.97% | MGRC | MCGRATH RENTCORP | -- | $6,192,606.40 | 57,440 | 2551551 |
| 0.97% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,191,530.72 | 103,676 | 2706470 |
| 0.97% | BUSE | FIRST BUSEY CORP | -- | $6,190,920.72 | 246,552 | BZ1LBM5 |
| 0.97% | MSEX | MIDDLESEX WATER CO | -- | $6,173,247.57 | 114,087 | 2589466 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,166,445.76 | 317,204 | 2810133 |
| 0.97% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,151,577.60 | 137,312 | 2086558 |
| 0.96% | CSGS | CSG SYSTEMS INTL INC | -- | $6,144,150.20 | 76,898 | 2210885 |
| 0.96% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,136,769.40 | 24,460 | 2840174 |
| 0.96% | CNS | COHEN & STEERS INC | -- | $6,120,922.32 | 95,208 | B02H882 |
| 0.96% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,111,626.43 | 172,207 | BFZ9DB8 |
| 0.96% | WSBC | WESBANCO INC | -- | $6,103,388.56 | 181,217 | 2953782 |
| 0.96% | AWR | AMERICAN STATES WATER CO | -- | $6,093,746.73 | 80,937 | 2267171 |
| 0.95% | AVA | AVISTA CORP | -- | $6,067,662.72 | 152,992 | 2942605 |
| 0.95% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,064,588.25 | 45,857 | 2190750 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,051,316.32 | 176,784 | 2492133 |
| 0.95% | ALG | ALAMO GROUP INC | -- | $6,039,733.99 | 35,923 | 2021634 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,024,535.24 | 62,926 | 2350383 |
| 0.94% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,015,600.50 | 131,950 | 2165383 |
| 0.94% | STBA | S & T BANCORP INC | -- | $6,012,033.11 | 147,607 | 2781109 |
| 0.94% | MGEE | MGE ENERGY INC | -- | $6,011,746.80 | 75,288 | 2554163 |
| 0.94% | MZTI | MARZETTI COMPANY/THE | -- | $6,011,495.80 | 37,028 | 2503206 |
| 0.94% | UVV | UNIVERSAL CORP/VA | -- | $6,001,670.70 | 113,346 | 2923804 |
| 0.94% | HNI | HNI CORP | -- | $5,997,569.76 | 144,729 | 2435246 |
| 0.94% | TXNM | TXNM ENERGY INC | -- | $5,989,096.96 | 101,717 | 2707826 |
| 0.94% | FUL | H.B. FULLER CO. | -- | $5,983,217.50 | 101,842 | 2354664 |
| 0.94% | FRME | FIRST MERCHANTS CORP | -- | $5,956,894.45 | 158,639 | 2342410 |
| 0.93% | TRNO | TERRENO REALTY CORP | -- | $5,949,080.64 | 95,094 | B3N4753 |
| 0.93% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,946,257.58 | 100,938 | 2222062 |
| 0.93% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,926,042.40 | 193,915 | 2485876 |
| 0.93% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,906,743.56 | 191,902 | 2596949 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $5,892,169.53 | 135,733 | 2437112 |
| 0.92% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,887,927.59 | 190,363 | 2862156 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,868,705.99 | 140,973 | 2626459 |
| 0.92% | HY | HYSTER-YALE INC | -- | $5,854,061.02 | 175,114 | B7LG306 |
| 0.92% | TCBK | TRICO BANCSHARES | -- | $5,851,440.00 | 123,840 | 2904133 |
| 0.92% | YORW | YORK WATER CO | -- | $5,844,503.70 | 178,731 | 2425292 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,817,480.32 | 132,698 | 2024901 |
| 0.91% | EXPO | EXPONENT INC | -- | $5,815,272.00 | 80,880 | 2330318 |
| 0.91% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,780,714.40 | 101,630 | 2537528 |
| 0.90% | ASB | ASSOCIATED BANC-CORP | -- | $5,704,426.16 | 226,726 | 2055718 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,698,127.20 | 43,984 | 2715186 |
| 0.89% | IOSP | INNOSPEC INC | -- | $5,690,776.98 | 78,918 | 2245597 |
| 0.89% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,648,179.29 | 160,323 | B019FW2 |
| 0.88% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,636,042.52 | 92,002 | 2125246 |
| 0.88% | JJSF | J & J SNACK FOODS CORP | -- | $5,616,004.46 | 65,098 | 2469171 |
| 0.88% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,585,198.58 | 62,946 | 2763602 |
| 0.87% | APOG | APOGEE ENTERPRISES INC | -- | $5,544,648.75 | 157,295 | 2046176 |
| 0.86% | AMSF | AMERISAFE INC | -- | $5,480,640.20 | 159,460 | B0PPHS6 |
| 0.86% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,472,848.60 | 199,739 | BWC6PW6 |
| 0.85% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,425,657.64 | 33,683 | 2363381 |
| 0.84% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,359,342.80 | 189,510 | 2713395 |
| 0.84% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,356,477.20 | 305,735 | 2752730 |
| 0.77% | BMI | BADGER METER INC | -- | $4,893,146.05 | 32,873 | 2069128 |
| 0.75% | PII | POLARIS INC | -- | $4,770,834.64 | 87,796 | 2692933 |
| 0.59% | NSP | INSPERITY INC | -- | $3,751,544.58 | 168,533 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,745,804.10 | 1,745,804 | -- |
Index
as of 12/31/2025
- Total Number of Companies104
- Price/Earnings Ratio18.48
- Price/Book Ratio1.61
- Dividend Yield ( % )3.26
- Avg. Index Market Capitalization$2.67 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
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
| Ex-Dividend Date | Record Date | Payable Date | Dividend | Long-Term Capital Gain | Short-Term Capital Gain | Return of Capital |
|---|
Dividend Growers Insights and Research
Dividend Growth in Times of Turbulence
As a group, the Dividend Aristocrats®—quality companies with the longest records of dividend growth—showed greater resilience than the broader markets during the recent downturn.
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