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 7/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 6.66% | 12.40% | 17.74% | 17.74% | 21.31% | 12.21% | 6.68% | 7.54% | 8.33% | 02/03/2015 |
| SMDV Market Price | 6.71% | 12.59% | 17.82% | 17.82% | 21.44% | 12.25% | 6.67% | 7.54% | 8.33% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 0.37% | 6.76% | 11.07% | 18.45% | 22.76% | 10.84% | 7.42% | 7.86% | 8.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 6.66% | 12.40% | 17.74% | 17.74% | 21.31% | 12.21% | 6.68% | 7.54% | 8.33% | 02/03/2015 |
| SMDV Market Price | 6.71% | 12.59% | 17.82% | 17.82% | 21.44% | 12.25% | 6.67% | 7.54% | 8.33% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 6.73% | 12.54% | 18.02% | 18.02% | 21.83% | 12.64% | 7.09% | 8.00% | 8.79% | -- |
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
- Net Assets $709,710,622
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/07/2026- NAV
- NAV Change
- Market Price $78.78
- Market Price Change $+0.10
- Trading Volume (M) 55,516
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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
- Net Assets $709,710,622
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/07/2026- NAV
- NAV Change
- Market Price $78.78
- Market Price Change $+0.10
- Trading Volume (M) 55,516
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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 6/30/2026 and Fund as of 8/07/2026
Holdings
as of 8/07/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.41% | HNI | HNI CORP | -- | $10,011,071.00 | 201,430 | 2435246 |
| 1.22% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $8,663,867.82 | 36,783 | 2363381 |
| 1.18% | AVNT | AVIENT CORP | -- | $8,346,512.13 | 182,677 | BMHWY55 |
| 1.16% | GIC | GLOBAL INDUSTRIAL CO | -- | $8,229,782.47 | 210,319 | BNBY595 |
| 1.15% | SCL | STEPAN CO | -- | $8,177,628.00 | 125,520 | 2845005 |
| 1.11% | KWR | QUAKER CHEMICAL CORPORATION | -- | $7,902,844.95 | 46,501 | 2715186 |
| 1.11% | EXPO | EXPONENT INC | -- | $7,869,732.12 | 117,828 | 2330318 |
| 1.11% | MTRN | MATERION CORP | -- | $7,866,156.00 | 27,120 | 2149622 |
| 1.11% | PRGO | PERRIGO CO PLC | -- | $7,858,734.84 | 612,051 | BGH1M56 |
| 1.10% | CASS | CASS INFORMATION SYSTEMS INC | -- | $7,825,054.62 | 134,938 | 2086558 |
| 1.10% | JJSF | J & J SNACK FOODS CORP | -- | $7,819,059.43 | 85,073 | 2469171 |
| 1.10% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $7,818,886.95 | 149,415 | 2965668 |
| 1.10% | KAI | KADANT INC | -- | $7,805,667.97 | 23,119 | 2769978 |
| 1.09% | WSBC | WESBANCO INC | -- | $7,719,362.09 | 185,161 | 2953782 |
| 1.08% | CRAI | CRA INTERNATIONAL INC | -- | $7,648,409.94 | 45,174 | 2240622 |
| 1.07% | AWR | AMERICAN STATES WATER CO | -- | $7,583,442.03 | 86,777 | 2267171 |
| 1.07% | PEBO | PEOPLES BANCORP INC | -- | $7,566,074.22 | 184,854 | 2679419 |
| 1.06% | MSBI | MIDLAND STATES BANCORP INC | -- | $7,540,474.44 | 225,156 | B6VRG58 |
| 1.06% | GFF | GRIFFON CORP | -- | $7,505,721.66 | 70,003 | 2463344 |
| 1.05% | CTRE | CARETRUST REIT INC | -- | $7,482,790.26 | 181,533 | BMP8TL6 |
| 1.05% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,463,933.40 | 21,945 | 2840174 |
| 1.05% | ALRS | ALERUS FINANCIAL CORP | -- | $7,421,820.81 | 223,347 | 2679141 |
| 1.04% | MSEX | MIDDLESEX WATER CO | -- | $7,403,895.62 | 127,171 | 2589466 |
| 1.04% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $7,400,341.44 | 95,169 | 2706470 |
| 1.04% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $7,384,035.87 | 147,107 | 2165383 |
| 1.04% | HOMB | HOME BANCSHARES INC | -- | $7,380,381.45 | 239,545 | B17MTL9 |
| 1.04% | NBTB | N B T BANCORP INC | -- | $7,369,767.00 | 139,950 | 2626459 |
| 1.03% | HTO | H2O AMERICA | -- | $7,328,582.70 | 117,785 | 2811932 |
| 1.03% | CPK | CHESAPEAKE UTILITIES CORP | -- | $7,300,714.40 | 54,544 | 2190750 |
| 1.03% | ALG | ALAMO GROUP INC | -- | $7,290,580.44 | 43,206 | 2021634 |
| 1.03% | APOG | APOGEE ENTERPRISES INC | -- | $7,289,425.92 | 167,496 | 2046176 |
| 1.03% | CNS | COHEN & STEERS INC | -- | $7,277,770.94 | 87,758 | B02H882 |
| 1.02% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,270,044.84 | 178,713 | B9HHD96 |
| 1.02% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $7,264,536.38 | 170,449 | B019FW2 |
| 1.02% | BUSE | FIRST BUSEY CORP | -- | $7,259,543.40 | 234,330 | BZ1LBM5 |
| 1.02% | BHB | BAR HARBOR BANKSHARES | -- | $7,241,740.72 | 182,228 | 2618111 |
| 1.02% | BCPC | BALCHEM CORP | -- | $7,239,821.07 | 40,349 | 2072074 |
| 1.02% | TMP | TOMPKINS FINANCIAL CORP | -- | $7,222,988.07 | 73,159 | 2888613 |
| 1.02% | ASB | ASSOCIATED BANC-CORP | -- | $7,205,785.92 | 230,364 | 2055718 |
| 1.01% | STBA | S & T BANCORP INC | -- | $7,199,173.27 | 141,521 | 2781109 |
| 1.01% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $7,183,220.49 | 188,883 | 2492133 |
| 1.01% | IOSP | INNOSPEC INC | -- | $7,182,680.44 | 77,701 | 2245597 |
| 1.01% | UBSI | UNITED BANKSHARES INC | -- | $7,166,774.08 | 148,319 | 2905794 |
| 1.01% | FELE | FRANKLIN ELECTRIC CO INC | -- | $7,147,300.16 | 65,296 | 2350383 |
| 1.01% | HMN | HORACE MANN EDUCATORS | -- | $7,146,150.34 | 136,847 | 2437112 |
| 1.00% | YORW | YORK WATER CO | -- | $7,122,990.00 | 224,700 | 2425292 |
| 1.00% | EIG | EMPLOYERS HOLDINGS INC | -- | $7,114,138.01 | 143,749 | B1Q1RR9 |
| 1.00% | BMI | BADGER METER INC | -- | $7,097,690.04 | 51,114 | 2069128 |
| 1.00% | MGEE | MGE ENERGY INC | -- | $7,092,349.20 | 86,980 | 2554163 |
| 1.00% | OTTR | OTTER TAIL CORP | -- | $7,069,327.46 | 75,374 | 2664103 |
| 0.99% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $7,056,433.10 | 168,895 | BFZ9DB8 |
| 0.99% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $7,053,155.16 | 300,646 | 2810133 |
| 0.99% | OGS | ONE GAS INC | -- | $7,033,448.94 | 87,677 | BJ0KXV4 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $7,031,005.92 | 290,058 | 2356585 |
| 0.99% | SR | SPIRE INC | -- | $7,025,238.85 | 85,705 | BYXJQG9 |
| 0.99% | ABM | ABM INDUSTRIES INC | -- | $7,015,389.12 | 144,528 | 2024901 |
| 0.99% | HY | HYSTER-YALE INC | -- | $6,999,736.07 | 188,723 | B7LG306 |
| 0.99% | UTL | UNITIL CORP | -- | $6,994,195.29 | 130,173 | 2925037 |
| 0.99% | WDFC | WD-40 CO | -- | $6,992,926.38 | 29,766 | 2944742 |
| 0.98% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,987,140.16 | 66,066 | 2763602 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,956,636.75 | 58,093 | 2551551 |
| 0.98% | BKH | BLACK HILLS CORP | -- | $6,938,045.65 | 92,941 | 2101741 |
| 0.98% | MATX | MATSON INC | -- | $6,932,584.56 | 33,528 | B8GNC91 |
| 0.98% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,923,956.14 | 96,046 | B03PGL4 |
| 0.98% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,921,325.68 | 260,396 | B15RZR4 |
| 0.97% | MZTI | MARZETTI COMPANY/THE | -- | $6,916,379.04 | 60,948 | 2503206 |
| 0.97% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,912,731.70 | 194,670 | 2862156 |
| 0.97% | FRME | FIRST MERCHANTS CORP | -- | $6,894,809.92 | 161,888 | 2342410 |
| 0.97% | GATX | GATX CORP | -- | $6,883,952.27 | 38,737 | 2362128 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $6,881,500.80 | 100,080 | B3N4753 |
| 0.97% | PII | POLARIS INC | -- | $6,881,026.08 | 96,144 | 2692933 |
| 0.96% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,832,477.19 | 135,377 | BFNR303 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,829,604.91 | 81,567 | 2447821 |
| 0.96% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,828,719.00 | 231,482 | 2619880 |
| 0.96% | WAFD | WAFD INC | -- | $6,778,950.16 | 182,426 | 2941981 |
| 0.95% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,770,114.29 | 109,673 | 2537528 |
| 0.95% | LNN | LINDSAY CORP | -- | $6,751,558.38 | 58,173 | 2516613 |
| 0.95% | GRC | GORMAN-RUPP CO | -- | $6,749,535.87 | 80,553 | 2379281 |
| 0.95% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,743,893.10 | 268,681 | BZ16HK0 |
| 0.95% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,737,529.12 | 122,456 | 2630513 |
| 0.95% | TXNM | TXNM ENERGY INC | -- | $6,725,030.40 | 116,754 | 2707826 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $6,709,520.16 | 200,944 | 2698146 |
| 0.93% | NPO | ENPRO INC | -- | $6,630,963.72 | 19,914 | 2951292 |
| 0.92% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,538,021.65 | 133,293 | B125XQ6 |
| 0.92% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $6,527,928.96 | 79,184 | 2125246 |
| 0.91% | ODC | OIL-DRI CORP OF AMERICA | -- | $6,475,257.36 | 69,784 | 2657794 |
| 0.90% | FUL | H.B. FULLER CO. | -- | $6,405,937.65 | 104,895 | 2354664 |
| 0.90% | UVV | UNIVERSAL CORP/VA | -- | $6,368,269.24 | 125,261 | 2923804 |
| 0.88% | GOLF | ACUSHNET HOLDINGS CORP | -- | $6,258,732.81 | 67,089 | BD3WG50 |
| 0.87% | ANDE | ANDERSONS INC/THE | -- | $6,175,562.38 | 94,442 | 2274922 |
| 0.87% | AVA | AVISTA CORP | -- | $6,150,478.92 | 158,804 | 2942605 |
| 0.86% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,133,786.74 | 240,258 | BWC6PW6 |
| 0.86% | AMSF | AMERISAFE INC | -- | $6,109,113.92 | 209,791 | B0PPHS6 |
| 0.85% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,050,662.16 | 258,079 | 2568090 |
| 0.85% | SHOE | SHOE STATION GROUP INC | -- | $6,028,296.75 | 382,749 | 2805474 |
| 0.83% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,917,217.10 | 373,326 | BXC87C3 |
| 0.83% | LMAT | LEMAITRE VASCULAR INC | -- | $5,884,599.60 | 72,248 | B1G6TJ0 |
| 0.82% | TRN | TRINITY INDUSTRIES INC | -- | $5,827,480.10 | 194,899 | 2904627 |
| 0.79% | TNC | TENNANT CO | -- | $5,631,748.02 | 76,218 | 2883641 |
| 0.78% | POWI | POWER INTEGRATIONS INC | -- | $5,541,499.05 | 85,795 | 2133045 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,564,604.59 | 1,564,605 | -- |
Index
as of 6/30/2026
- Total Number of Companies100
- Price/Earnings Ratio19.33
- Price/Book Ratio1.80
- Dividend Yield ( % )3.05
- Avg. Index Market Capitalization$3.00 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 |
|---|
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