Russell 2000 Dividend Growers ETF - SMDV Russell 2000 Dividend Growers ETF

ProShares Russell 2000 Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the Russell 2000® Dividend Growth Index.

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.††
  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.
  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.
  • Learn more about the Russell 2000's strongest dividend growers.
  • Read Kiplinger's feature on why dividend growers have performed so well and why investing in dividend paying stocks may be a "terrific strategy."
  • Dividend growth strategies: What are they? How can you use them? Where can you invest? Our video answers these questions. Watch it now.

Index/Benchmark Summary

The index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 stocks, which are equally weighted. No single sector is allowed to comprise more than 30% of the index's weight. If there are fewer than 40 stocks with at least 10 consecutive years of dividend growth, the index will include companies with shorter dividend growth histories. The index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.

Fundamentals as of 9/30/19

Total Number of Companies 64
Price/Earnings Ratio 21.52
Price/Book Ratio 2.15
Dividend Yield (%) 2.58
Average Index Market Capitalization $2.39 billion

Index Holdings Information as of 9/30/19

Top 10 Index Companies Weight
Group 1 Automotive Inc. 1.82%
Gorman-Rupp Co. 1.77%
Matthews International Corp.-Class A 1.76%
Hillenbrand Inc. 1.68%
American Equity Investment Life Holding Co. 1.67%
Inter Parfums Inc. 1.64%
McGrath RentCorp 1.64%
H. B. Fuller Co. 1.63%
Middlesex Water Co. 1.63%
Meredith Corp. 1.62%

Index Holdings as of 9/30/19

Index Sector Weightings § Weight
Utilities 24.54%
Industrials 17.81%
Financials 15.69%
Consumer Staples 12.18%
Materials 7.79%
Real Estate 6.27%
Health Care 6.05%
Consumer Discretionary 4.92%
Information Technology 3.13%
Communication Services 1.62%
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§ Sum of weightings may not equal 100% due to rounding.

†† If fewer than 40 stocks meet the criteria, the index may include companies with shorter dividend growth histories.