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 3/17/2026- NAV $68.52
- NAV Change $-0.13
- Market Price $68.52
- Market Price Change $-0.10
- Trading Volume (M) 8,908
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.60%
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 2.45%
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 3/17/2026- NAV $68.52
- NAV Change $-0.13
- Market Price $68.52
- Market Price Change $-0.10
- Trading Volume (M) 8,908
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.60%
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 2.45%
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 3/17/2026
Holdings
as of 3/17/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.33% | ANDE | ANDERSONS INC/THE | -- | $8,276,979.36 | 118,344 | 2274922 |
| 1.27% | MATX | MATSON INC | -- | $7,890,661.80 | 50,855 | B8GNC91 |
| 1.27% | GRC | GORMAN-RUPP CO | -- | $7,879,112.90 | 127,970 | 2379281 |
| 1.26% | LMAT | LEMAITRE VASCULAR INC | -- | $7,858,120.14 | 70,018 | B1G6TJ0 |
| 1.24% | POWI | POWER INTEGRATIONS INC | -- | $7,721,346.93 | 162,111 | 2133045 |
| 1.23% | LAND | GLADSTONE LAND CORP | -- | $7,649,326.40 | 648,248 | B83TNY4 |
| 1.15% | HTO | H2O AMERICA | -- | $7,172,616.28 | 123,538 | 2811932 |
| 1.15% | GTY | GETTY REALTY CORP | -- | $7,166,593.28 | 211,904 | 2698146 |
| 1.14% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,119,802.47 | 131,289 | 2630513 |
| 1.12% | ENSG | ENSIGN GROUP INC/THE | -- | $6,997,028.42 | 33,259 | B1YWPP8 |
| 1.11% | WDFC | WD-40 CO | -- | $6,894,333.51 | 31,029 | 2944742 |
| 1.10% | TR | TOOTSIE ROLL INDS | -- | $6,855,200.66 | 162,177 | 2896809 |
| 1.10% | MTRN | MATERION CORP | -- | $6,827,074.32 | 47,256 | 2149622 |
| 1.08% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,707,147.60 | 127,999 | BFNR303 |
| 1.07% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $6,672,898.57 | 182,669 | 2965668 |
| 1.07% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,662,906.76 | 240,886 | B15RZR4 |
| 1.06% | NPO | ENPRO INC | -- | $6,628,487.22 | 26,118 | 2951292 |
| 1.06% | SR | SPIRE INC | -- | $6,596,357.87 | 71,801 | BYXJQG9 |
| 1.06% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,590,379.50 | 256,435 | BZ16HK0 |
| 1.06% | AVNT | AVIENT CORP | -- | $6,574,222.41 | 192,849 | BMHWY55 |
| 1.06% | BCPC | BALCHEM CORP | -- | $6,572,220.12 | 39,324 | 2072074 |
| 1.05% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,537,727.50 | 21,702 | 2943620 |
| 1.05% | OGS | ONE GAS INC | -- | $6,530,217.95 | 75,155 | BJ0KXV4 |
| 1.05% | TRN | TRINITY INDUSTRIES INC | -- | $6,528,586.00 | 214,052 | 2904627 |
| 1.05% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,519,028.50 | 121,851 | B125XQ6 |
| 1.04% | UTL | UNITIL CORP | -- | $6,508,041.12 | 123,633 | 2925037 |
| 1.04% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,474,026.90 | 148,555 | 2927497 |
| 1.04% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,463,858.00 | 177,092 | B9HHD96 |
| 1.03% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,406,306.40 | 387,088 | BXC87C3 |
| 1.01% | MBWM | MERCANTILE BANK CORP | -- | $6,319,135.20 | 127,120 | 2620257 |
| 1.01% | OTTR | OTTER TAIL CORP | -- | $6,299,289.06 | 72,066 | 2664103 |
| 1.00% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,242,030.75 | 24,445 | 2840174 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $6,234,072.90 | 156,990 | BMP8TL6 |
| 1.00% | KAI | KADANT INC | -- | $6,200,127.36 | 20,552 | 2769978 |
| 0.99% | PEBO | PEOPLES BANCORP INC | -- | $6,186,480.07 | 195,589 | 2679419 |
| 0.99% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,144,085.50 | 245,175 | 2619880 |
| 0.99% | SCL | STEPAN CO | -- | $6,139,879.90 | 131,054 | 2845005 |
| 0.98% | UBSI | UNITED BANKSHARES INC | -- | $6,117,909.60 | 155,672 | 2905794 |
| 0.98% | CSGS | CSG SYSTEMS INTL INC | -- | $6,115,802.58 | 76,851 | 2210885 |
| 0.98% | CNS | COHEN & STEERS INC | -- | $6,112,371.76 | 95,149 | B02H882 |
| 0.98% | BUSE | FIRST BUSEY CORP | -- | $6,108,256.00 | 246,400 | BZ1LBM5 |
| 0.98% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,108,232.55 | 90,265 | B03PGL4 |
| 0.98% | FULT | FULTON FINANCIAL CORP | -- | $6,105,439.20 | 311,502 | 2356585 |
| 0.98% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,089,330.56 | 82,556 | 2888613 |
| 0.98% | AVA | AVISTA CORP | -- | $6,080,753.46 | 152,898 | 2942605 |
| 0.97% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,071,663.20 | 103,612 | 2706470 |
| 0.97% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,068,177.94 | 137,227 | 2086558 |
| 0.97% | BKH | BLACK HILLS CORP | -- | $6,058,232.16 | 84,624 | 2101741 |
| 0.97% | MGRC | MCGRATH RENTCORP | -- | $6,057,270.08 | 57,404 | 2551551 |
| 0.97% | UVV | UNIVERSAL CORP/VA | -- | $6,036,478.04 | 113,276 | 2923804 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $6,031,871.45 | 95,035 | B3N4753 |
| 0.96% | AWR | AMERICAN STATES WATER CO | -- | $6,002,624.27 | 80,887 | 2267171 |
| 0.96% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,990,920.32 | 241,472 | 2568090 |
| 0.96% | WSBC | WESBANCO INC | -- | $5,989,142.35 | 181,105 | 2953782 |
| 0.96% | ALG | ALAMO GROUP INC | -- | $5,987,927.79 | 35,901 | 2021634 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,981,507.50 | 80,375 | 2447821 |
| 0.95% | TXNM | TXNM ENERGY INC | -- | $5,942,692.84 | 101,654 | 2707826 |
| 0.95% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,939,205.51 | 172,101 | BFZ9DB8 |
| 0.95% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,924,898.21 | 317,009 | 2810133 |
| 0.95% | GATX | GATX CORP | -- | $5,922,687.68 | 35,372 | 2362128 |
| 0.95% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,902,316.91 | 45,829 | 2190750 |
| 0.95% | STBA | S & T BANCORP INC | -- | $5,894,739.36 | 147,516 | 2781109 |
| 0.94% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,853,247.68 | 191,784 | 2596949 |
| 0.94% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,853,242.75 | 176,675 | 2492133 |
| 0.94% | MSEX | MIDDLESEX WATER CO | -- | $5,850,212.27 | 114,017 | 2589466 |
| 0.94% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,847,071.46 | 131,869 | 2165383 |
| 0.94% | GFF | GRIFFON CORP | -- | $5,844,968.20 | 80,090 | 2463344 |
| 0.94% | SCVL | SHOE CARNIVAL INC | -- | $5,830,842.24 | 337,433 | 2805474 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,820,000.66 | 140,886 | 2626459 |
| 0.93% | LNN | LINDSAY CORP | -- | $5,816,234.16 | 49,788 | 2516613 |
| 0.93% | FRME | FIRST MERCHANTS CORP | -- | $5,813,698.47 | 158,541 | 2342410 |
| 0.93% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,802,252.24 | 193,796 | 2485876 |
| 0.93% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,781,201.91 | 62,887 | 2350383 |
| 0.93% | TCBK | TRICO BANCSHARES | -- | $5,773,590.60 | 123,764 | 2904133 |
| 0.92% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,733,457.15 | 101,567 | 2537528 |
| 0.92% | HMN | HORACE MANN EDUCATORS | -- | $5,719,004.00 | 135,650 | 2437112 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,713,616.64 | 100,876 | 2222062 |
| 0.91% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,697,867.70 | 190,246 | 2862156 |
| 0.90% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,621,998.59 | 62,907 | 2763602 |
| 0.90% | ASB | ASSOCIATED BANC-CORP | -- | $5,601,230.64 | 226,587 | 2055718 |
| 0.90% | MGEE | MGE ENERGY INC | -- | $5,598,757.22 | 75,242 | 2554163 |
| 0.90% | FUL | H.B. FULLER CO. | -- | $5,577,489.20 | 101,779 | 2354664 |
| 0.89% | YORW | YORK WATER CO | -- | $5,564,044.15 | 178,621 | 2425292 |
| 0.89% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,562,733.00 | 91,946 | 2125246 |
| 0.88% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,510,103.36 | 160,224 | B019FW2 |
| 0.87% | IOSP | INNOSPEC INC | -- | $5,431,776.90 | 78,870 | 2245597 |
| 0.87% | HY | HYSTER-YALE INC | -- | $5,419,935.82 | 175,006 | B7LG306 |
| 0.86% | HNI | HNI CORP | -- | $5,373,376.00 | 144,640 | 2435246 |
| 0.85% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,304,730.76 | 43,957 | 2715186 |
| 0.85% | AMSF | AMERISAFE INC | -- | $5,290,818.40 | 159,362 | B0PPHS6 |
| 0.85% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,289,035.88 | 305,548 | 2752730 |
| 0.85% | EXPO | EXPONENT INC | -- | $5,279,815.60 | 80,830 | 2330318 |
| 0.84% | MZTI | MARZETTI COMPANY/THE | -- | $5,257,812.48 | 37,006 | 2503206 |
| 0.84% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,215,883.22 | 189,393 | 2713395 |
| 0.84% | APOG | APOGEE ENTERPRISES INC | -- | $5,203,286.90 | 157,199 | 2046176 |
| 0.83% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,192,012.16 | 199,616 | BWC6PW6 |
| 0.81% | ABM | ABM INDUSTRIES INC | -- | $5,060,626.56 | 132,616 | 2024901 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,048,500.80 | 65,058 | 2469171 |
| 0.80% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,967,501.34 | 33,662 | 2363381 |
| 0.79% | BMI | BADGER METER INC | -- | $4,927,950.00 | 32,853 | 2069128 |
| 0.75% | PII | POLARIS INC | -- | $4,689,809.90 | 87,742 | 2692933 |
| 0.64% | NSP | INSPERITY INC | -- | $3,959,789.30 | 168,430 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $2,444,860.24 | 2,444,860 | -- |
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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