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 Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 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 Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 10/14/2025- NAV $66.40
- NAV Change $+1.31
- Market Price $66.40
- Market Price Change $+1.32
- Trading Volume (M) 15,200
- 30-Day Median Bid Ask Spread 0.07%
- 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 10/14/2025- NAV $66.40
- NAV Change $+1.31
- Market Price $66.40
- Market Price Change $+1.32
- Trading Volume (M) 15,200
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 10/14/2025
Holdings
as of 10/14/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.16% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $7,388,618.85 | 167,885 | B06RWD1 |
| 1.15% | PII | POLARIS INC | -- | $7,315,734.00 | 104,660 | 2692933 |
| 1.10% | MTRN | MATERION CORP | -- | $7,003,190.64 | 54,996 | 2149622 |
| 1.08% | SR | SPIRE INC | -- | $6,882,117.24 | 81,969 | BYXJQG9 |
| 1.07% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,809,610.00 | 29,607 | 2840174 |
| 1.04% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,622,557.48 | 49,308 | 2190750 |
| 1.03% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,572,058.26 | 147,986 | BFNR303 |
| 1.03% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,556,462.95 | 219,647 | B9HHD96 |
| 1.03% | ALE | ALLETE INC | -- | $6,553,686.23 | 97,279 | B02R1L6 |
| 1.03% | OGS | ONE GAS INC | -- | $6,549,201.64 | 81,478 | BJ0KXV4 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,505,482.01 | 143,261 | 2379281 |
| 1.02% | POWI | POWER INTEGRATIONS INC | -- | $6,484,167.19 | 137,873 | 2133045 |
| 1.02% | WSBC | WESBANCO INC | -- | $6,473,587.50 | 191,810 | 2953782 |
| 1.02% | CADE | CADENCE BANK | -- | $6,470,277.63 | 163,929 | BMCS168 |
| 1.01% | MSEX | MIDDLESEX WATER CO | -- | $6,451,148.44 | 114,301 | 2589466 |
| 1.01% | TR | TOOTSIE ROLL INDS | -- | $6,446,442.50 | 151,681 | 2896809 |
| 1.01% | GATX | GATX CORP | -- | $6,424,821.78 | 36,937 | 2362128 |
| 1.01% | UTL | UNITIL CORP | -- | $6,414,145.30 | 133,907 | 2925037 |
| 1.00% | NPO | ENPRO INC | -- | $6,396,631.75 | 28,225 | 2951292 |
| 1.00% | LAND | GLADSTONE LAND CORP | -- | $6,384,797.78 | 689,503 | B83TNY4 |
| 1.00% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,382,093.68 | 328,297 | 2752730 |
| 1.00% | ANDE | ANDERSONS INC/THE | -- | $6,353,138.88 | 149,556 | 2274922 |
| 0.99% | ENSG | ENSIGN GROUP INC/THE | -- | $6,334,486.00 | 35,587 | B1YWPP8 |
| 0.99% | BKH | BLACK HILLS CORP | -- | $6,332,716.50 | 103,730 | 2101741 |
| 0.99% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,281,541.48 | 144,636 | B125XQ6 |
| 0.98% | AVA | AVISTA CORP | -- | $6,268,864.23 | 167,931 | 2942605 |
| 0.98% | HI | HILLENBRAND INC | -- | $6,253,017.48 | 236,052 | B2QGDP1 |
| 0.98% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,235,092.00 | 173,197 | BFZ9DB8 |
| 0.98% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,232,385.51 | 106,847 | B03PGL4 |
| 0.98% | CSGS | CSG SYSTEMS INTL INC | -- | $6,219,654.00 | 95,540 | 2210885 |
| 0.97% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,200,671.89 | 225,561 | 2596949 |
| 0.97% | TXNM | TXNM ENERGY INC | -- | $6,191,891.86 | 108,878 | 2707826 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $6,169,832.55 | 73,059 | 2554163 |
| 0.97% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,149,553.45 | 131,485 | 2165383 |
| 0.97% | AWR | AMERICAN STATES WATER CO | -- | $6,147,142.20 | 82,935 | 2267171 |
| 0.96% | YORW | YORK WATER CO | -- | $6,141,726.16 | 199,666 | 2425292 |
| 0.96% | ASB | ASSOCIATED BANC-CORP | -- | $6,128,941.77 | 232,421 | 2055718 |
| 0.96% | HMN | HORACE MANN EDUCATORS | -- | $6,110,189.30 | 133,790 | 2437112 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,082,644.96 | 87,094 | 2447821 |
| 0.95% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,064,314.06 | 22,089 | 2943620 |
| 0.95% | BMI | BADGER METER INC | -- | $6,061,694.64 | 33,868 | 2069128 |
| 0.95% | CTRE | CARETRUST REIT INC | -- | $6,058,467.09 | 182,429 | BMP8TL6 |
| 0.95% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,055,452.00 | 177,060 | B019FW2 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,043,206.24 | 103,338 | 2222062 |
| 0.95% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,027,890.40 | 186,046 | 2862156 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $6,024,925.26 | 216,646 | 2904627 |
| 0.95% | TCBK | TRICO BANCSHARES | -- | $6,017,360.10 | 137,226 | 2904133 |
| 0.94% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,016,660.56 | 131,598 | 2630513 |
| 0.94% | TRNO | TERRENO REALTY CORP | -- | $6,008,355.99 | 104,803 | B3N4753 |
| 0.94% | UBSI | UNITED BANKSHARES INC | -- | $5,996,048.58 | 161,793 | 2905794 |
| 0.94% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,974,830.53 | 188,659 | 2492133 |
| 0.94% | BUSE | FIRST BUSEY CORP | -- | $5,958,400.00 | 250,880 | BZ1LBM5 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,957,650.40 | 63,440 | 2350383 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $5,955,424.41 | 200,317 | 2679419 |
| 0.94% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,955,331.20 | 106,080 | 2706470 |
| 0.93% | UVV | UNIVERSAL CORP/VA | -- | $5,943,011.04 | 111,543 | 2923804 |
| 0.93% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,939,506.56 | 249,664 | 2619880 |
| 0.93% | HY | HYSTER-YALE INC | -- | $5,935,489.04 | 164,236 | B7LG306 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,930,297.10 | 140,595 | 2626459 |
| 0.93% | HNI | HNI CORP | -- | $5,898,821.28 | 132,528 | 2435246 |
| 0.93% | LNN | LINDSAY CORP | -- | $5,898,557.25 | 44,075 | 2516613 |
| 0.92% | MBWM | MERCANTILE BANK CORP | -- | $5,883,994.44 | 127,194 | 2620257 |
| 0.92% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,881,889.52 | 88,556 | 2888613 |
| 0.92% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,875,405.55 | 65,015 | 2763602 |
| 0.92% | HTO | H2O AMERICA | -- | $5,868,915.52 | 122,678 | 2811932 |
| 0.92% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,863,308.08 | 231,203 | B15RZR4 |
| 0.92% | FUL | H.B. FULLER CO. | -- | $5,854,305.72 | 99,276 | 2354664 |
| 0.92% | ABM | ABM INDUSTRIES INC | -- | $5,828,805.29 | 128,303 | 2024901 |
| 0.91% | FULT | FULTON FINANCIAL CORP | -- | $5,824,375.62 | 319,494 | 2356585 |
| 0.91% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,822,534.24 | 91,148 | 2537528 |
| 0.91% | EXPO | EXPONENT INC | -- | $5,802,630.21 | 86,697 | 2330318 |
| 0.91% | SCL | STEPAN CO | -- | $5,796,822.60 | 123,468 | 2845005 |
| 0.91% | STBA | S & T BANCORP INC | -- | $5,792,713.99 | 156,433 | 2781109 |
| 0.91% | OTTR | OTTER TAIL CORP | -- | $5,769,302.24 | 73,814 | 2664103 |
| 0.91% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,767,741.90 | 296,542 | 2810133 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,750,354.73 | 155,373 | 2965668 |
| 0.90% | MGRC | MCGRATH RENTCORP | -- | $5,749,692.30 | 49,269 | 2551551 |
| 0.90% | CNS | COHEN & STEERS INC | -- | $5,722,065.12 | 85,353 | B02H882 |
| 0.90% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,712,630.33 | 237,137 | BZ16HK0 |
| 0.90% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,711,769.00 | 181,326 | BWC6PW6 |
| 0.89% | GFF | GRIFFON CORP | -- | $5,695,597.68 | 76,124 | 2463344 |
| 0.89% | AMSF | AMERISAFE INC | -- | $5,689,744.20 | 134,988 | B0PPHS6 |
| 0.89% | FRME | FIRST MERCHANTS CORP | -- | $5,689,001.76 | 150,982 | 2342410 |
| 0.89% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,676,204.36 | 199,796 | 2485876 |
| 0.89% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,671,934.60 | 248,660 | 2568090 |
| 0.89% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,668,312.15 | 201,361 | 2713395 |
| 0.89% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,655,797.91 | 74,487 | 2125246 |
| 0.88% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,630,746.40 | 42,865 | 2715186 |
| 0.87% | GTY | GETTY REALTY CORP | -- | $5,550,509.48 | 214,471 | 2698146 |
| 0.87% | LMAT | LEMAITRE VASCULAR INC | -- | $5,549,678.56 | 63,512 | B1G6TJ0 |
| 0.87% | MZTI | MARZETTI COMPANY/THE | -- | $5,544,261.39 | 33,567 | 2503206 |
| 0.87% | KAI | KADANT INC | -- | $5,539,726.80 | 18,936 | 2769978 |
| 0.87% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,507,754.84 | 395,388 | BXC87C3 |
| 0.86% | BCPC | BALCHEM CORP | -- | $5,468,318.60 | 38,420 | 2072074 |
| 0.86% | APOG | APOGEE ENTERPRISES INC | -- | $5,462,043.60 | 141,945 | 2046176 |
| 0.86% | MATX | MATSON INC | -- | $5,453,741.90 | 58,655 | B8GNC91 |
| 0.85% | WDFC | WD-40 CO | -- | $5,428,544.58 | 28,389 | 2944742 |
| 0.85% | ALG | ALAMO GROUP INC | -- | $5,414,927.14 | 29,593 | 2021634 |
| 0.85% | NSP | INSPERITY INC | -- | $5,391,501.28 | 114,664 | 2007281 |
| 0.84% | JJSF | J & J SNACK FOODS CORP | -- | $5,378,865.45 | 56,805 | 2469171 |
| 0.84% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,378,756.93 | 149,701 | 2927497 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,376,302.19 | 72,233 | 2245597 |
| 0.84% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,322,709.00 | 143,857 | 2086558 |
| 0.81% | AVNT | AVIENT CORP | -- | $5,129,593.75 | 164,147 | BMHWY55 |
| 0.78% | SCVL | SHOE CARNIVAL INC | -- | $4,989,069.36 | 251,592 | 2805474 |
| 0.78% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,978,152.48 | 30,156 | 2363381 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,560,188.31 | 1,560,188 | -- |
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 |
|---|
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