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 11/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 2.80% | -1.58% | 5.25% | 0.75% | -8.16% | 3.56% | 6.70% | 7.20% | 7.20% | 02/03/2015 |
| SMDV Market Price | 2.73% | -1.55% | 5.28% | 0.64% | -8.34% | 3.57% | 6.69% | 7.19% | 7.20% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 2.84% | -1.49% | 5.47% | 1.11% | -7.82% | 3.94% | 7.12% | 7.66% | 7.66% | -- |
| 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
- Options Available Yes
Characteristics
as of 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 1/06/2026- NAV $67.80
- NAV Change $+0.78
- Market Price $67.73
- Market Price Change $+0.78
- Trading Volume (M) 26,832
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.61%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 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 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 1/06/2026- NAV $67.80
- NAV Change $+0.78
- Market Price $67.73
- Market Price Change $+0.78
- Trading Volume (M) 26,832
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.61%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- Distribution Details
Exposures
Index as of 9/30/2025 and Fund as of 1/06/2026
Holdings
as of 1/06/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.15% | NSP | INSPERITY INC | -- | $7,228,392.60 | 168,494 | 2007281 |
| 1.04% | ALG | ALAMO GROUP INC | -- | $6,579,790.48 | 35,963 | 2021634 |
| 1.04% | MATX | MATSON INC | -- | $6,572,912.70 | 50,870 | B8GNC91 |
| 1.03% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,495,844.19 | 241,571 | 2568090 |
| 1.03% | CADE | CADENCE BANK | -- | $6,465,338.88 | 142,912 | BMCS168 |
| 1.03% | SCL | STEPAN CO | -- | $6,463,624.40 | 131,108 | 2845005 |
| 1.02% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,443,623.68 | 387,237 | BXC87C3 |
| 1.02% | POWI | POWER INTEGRATIONS INC | -- | $6,434,984.96 | 162,172 | 2133045 |
| 1.02% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,416,098.40 | 43,976 | 2715186 |
| 1.01% | AVNT | AVIENT CORP | -- | $6,364,595.75 | 192,925 | BMHWY55 |
| 1.01% | MTRN | MATERION CORP | -- | $6,364,567.44 | 47,271 | 2149622 |
| 1.01% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,354,720.88 | 172,168 | BFZ9DB8 |
| 1.01% | GRC | GORMAN-RUPP CO | -- | $6,348,363.03 | 128,017 | 2379281 |
| 1.00% | CNS | COHEN & STEERS INC | -- | $6,334,961.05 | 95,191 | B02H882 |
| 1.00% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,278,647.86 | 62,906 | 2350383 |
| 1.00% | FUL | H.B. FULLER CO. | -- | $6,278,282.86 | 101,821 | 2354664 |
| 0.99% | HNI | HNI CORP | -- | $6,272,528.25 | 144,695 | 2435246 |
| 0.99% | KAI | KADANT INC | -- | $6,271,841.16 | 20,556 | 2769978 |
| 0.99% | HTO | H2O AMERICA | -- | $6,259,428.30 | 123,582 | 2811932 |
| 0.99% | TRN | TRINITY INDUSTRIES INC | -- | $6,248,488.48 | 214,136 | 2904627 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,239,701.44 | 181,176 | 2953782 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $6,226,247.52 | 311,624 | 2356585 |
| 0.99% | SCVL | SHOE CARNIVAL INC | -- | $6,211,159.20 | 337,563 | 2805474 |
| 0.98% | IOSP | INNOSPEC INC | -- | $6,202,407.61 | 78,901 | 2245597 |
| 0.98% | MBWM | MERCANTILE BANK CORP | -- | $6,200,516.64 | 127,164 | 2620257 |
| 0.98% | GATX | GATX CORP | -- | $6,199,441.47 | 35,391 | 2362128 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,190,091.60 | 57,422 | 2551551 |
| 0.98% | LNN | LINDSAY CORP | -- | $6,187,150.92 | 49,804 | 2516613 |
| 0.98% | ANDE | ANDERSONS INC/THE | -- | $6,180,166.80 | 118,394 | 2274922 |
| 0.98% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,175,813.24 | 21,716 | 2943620 |
| 0.98% | WDFC | WD-40 CO | -- | $6,174,962.04 | 31,044 | 2944742 |
| 0.98% | HMN | HORACE MANN EDUCATORS | -- | $6,151,552.98 | 135,706 | 2437112 |
| 0.97% | PII | POLARIS INC | -- | $6,141,298.68 | 87,783 | 2692933 |
| 0.97% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,139,787.72 | 190,322 | 2862156 |
| 0.97% | BCPC | BALCHEM CORP | -- | $6,137,982.82 | 39,341 | 2072074 |
| 0.97% | MZTI | MARZETTI COMPANY/THE | -- | $6,124,131.75 | 37,015 | 2503206 |
| 0.97% | LAND | GLADSTONE LAND CORP | -- | $6,121,915.52 | 648,508 | B83TNY4 |
| 0.97% | UBSI | UNITED BANKSHARES INC | -- | $6,120,228.30 | 155,731 | 2905794 |
| 0.97% | GFF | GRIFFON CORP | -- | $6,113,079.70 | 80,119 | 2463344 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,095,277.04 | 317,132 | 2810133 |
| 0.97% | ASB | ASSOCIATED BANC-CORP | -- | $6,090,837.86 | 226,678 | 2055718 |
| 0.96% | FRME | FIRST MERCHANTS CORP | -- | $6,081,107.40 | 158,610 | 2342410 |
| 0.96% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,071,347.20 | 100,920 | 2222062 |
| 0.96% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,068,609.49 | 199,691 | BWC6PW6 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $6,050,023.64 | 195,667 | 2679419 |
| 0.96% | NBTB | N B T BANCORP INC | -- | $6,040,731.26 | 140,941 | 2626459 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,039,948.48 | 80,404 | 2447821 |
| 0.96% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,030,222.66 | 191,862 | 2596949 |
| 0.96% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,029,822.89 | 82,589 | 2888613 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,026,030.64 | 256,536 | BZ16HK0 |
| 0.95% | AMSF | AMERISAFE INC | -- | $6,019,595.12 | 159,544 | B0PPHS6 |
| 0.95% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,016,777.02 | 131,342 | 2630513 |
| 0.95% | UTL | UNITIL CORP | -- | $6,009,902.74 | 123,686 | 2925037 |
| 0.95% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,000,380.62 | 305,674 | 2752730 |
| 0.95% | TXNM | TXNM ENERGY INC | -- | $6,000,195.81 | 101,681 | 2707826 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $5,989,989.48 | 113,318 | 2923804 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $5,987,412.13 | 246,497 | BZ1LBM5 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,986,779.64 | 62,926 | 2763602 |
| 0.95% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,986,767.36 | 193,872 | 2485876 |
| 0.95% | ENSG | ENSIGN GROUP INC/THE | -- | $5,976,596.20 | 33,268 | B1YWPP8 |
| 0.95% | BMI | BADGER METER INC | -- | $5,976,570.27 | 32,869 | 2069128 |
| 0.95% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,972,018.80 | 128,045 | BFNR303 |
| 0.95% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,962,610.94 | 245,274 | 2619880 |
| 0.94% | AVA | AVISTA CORP | -- | $5,957,597.25 | 152,955 | 2942605 |
| 0.94% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,954,591.09 | 240,979 | B15RZR4 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $5,950,596.96 | 123,816 | 2904133 |
| 0.94% | EXPO | EXPONENT INC | -- | $5,941,813.24 | 80,863 | 2330318 |
| 0.94% | CSGS | CSG SYSTEMS INTL INC | -- | $5,939,211.75 | 76,883 | 2210885 |
| 0.94% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,939,114.16 | 121,903 | B125XQ6 |
| 0.94% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,938,120.80 | 33,680 | 2363381 |
| 0.94% | HI | HILLENBRAND INC | -- | $5,922,730.45 | 185,957 | B2QGDP1 |
| 0.94% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,919,851.27 | 103,657 | 2706470 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,912,373.21 | 211,989 | 2698146 |
| 0.94% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,905,920.36 | 148,614 | 2927497 |
| 0.94% | OTTR | OTTER TAIL CORP | -- | $5,904,334.80 | 72,092 | 2664103 |
| 0.94% | NPO | ENPRO INC | -- | $5,903,988.75 | 26,125 | 2951292 |
| 0.93% | SR | SPIRE INC | -- | $5,888,541.42 | 71,829 | BYXJQG9 |
| 0.93% | JJSF | J & J SNACK FOODS CORP | -- | $5,887,679.56 | 65,086 | 2469171 |
| 0.93% | MGEE | MGE ENERGY INC | -- | $5,887,023.12 | 75,272 | 2554163 |
| 0.93% | STBA | S & T BANCORP INC | -- | $5,880,943.45 | 147,577 | 2781109 |
| 0.93% | BKH | BLACK HILLS CORP | -- | $5,874,349.23 | 84,657 | 2101741 |
| 0.93% | AWR | AMERICAN STATES WATER CO | -- | $5,869,864.26 | 80,919 | 2267171 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,866,661.06 | 90,298 | B03PGL4 |
| 0.93% | APOG | APOGEE ENTERPRISES INC | -- | $5,864,225.40 | 157,260 | 2046176 |
| 0.93% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,850,761.38 | 101,611 | 2537528 |
| 0.93% | LMAT | LEMAITRE VASCULAR INC | -- | $5,849,457.95 | 70,045 | B1G6TJ0 |
| 0.93% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,836,194.45 | 91,981 | 2125246 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,810,114.52 | 114,058 | 2589466 |
| 0.92% | ABM | ABM INDUSTRIES INC | -- | $5,809,400.35 | 132,665 | 2024901 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,808,027.00 | 24,460 | 2840174 |
| 0.92% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,798,937.83 | 176,743 | 2492133 |
| 0.92% | OGS | ONE GAS INC | -- | $5,769,620.16 | 75,184 | BJ0KXV4 |
| 0.91% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,764,981.64 | 177,166 | B9HHD96 |
| 0.91% | CTRE | CARETRUST REIT INC | -- | $5,757,489.66 | 157,051 | BMP8TL6 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,726,572.41 | 175,071 | B7LG306 |
| 0.91% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,716,353.58 | 131,926 | 2165383 |
| 0.90% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,688,479.16 | 160,284 | B019FW2 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,676,732.48 | 157,512 | 2896809 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,672,342.72 | 182,743 | 2965668 |
| 0.90% | YORW | YORK WATER CO | -- | $5,655,506.85 | 178,689 | 2425292 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,595,761.34 | 95,069 | B3N4753 |
| 0.89% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,583,177.60 | 137,280 | 2086558 |
| 0.89% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,582,574.24 | 45,849 | 2190750 |
| 0.88% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,575,984.38 | 189,466 | 2713395 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,630,172.42 | 1,630,172 | -- |
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
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
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Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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