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 12/31/2025
| 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% | -- |
| 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 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/26/2026- NAV $69.98
- NAV Change $+0.20
- Market Price $69.98
- Market Price Change $+0.25
- Trading Volume (M) 18,345
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
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 2.67%
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 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/26/2026- NAV $69.98
- NAV Change $+0.20
- Market Price $69.98
- Market Price Change $+0.25
- Trading Volume (M) 18,345
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
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 2.67%
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 1/26/2026
Holdings
as of 1/26/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.24% | MATX | MATSON INC | -- | $8,005,618.17 | 50,391 | B8GNC91 |
| 1.18% | NSP | INSPERITY INC | -- | $7,618,183.16 | 166,919 | 2007281 |
| 1.12% | SCL | STEPAN CO | -- | $7,234,371.70 | 129,881 | 2845005 |
| 1.10% | POWI | POWER INTEGRATIONS INC | -- | $7,112,373.93 | 160,659 | 2133045 |
| 1.10% | AVNT | AVIENT CORP | -- | $7,062,031.80 | 191,124 | BMHWY55 |
| 1.10% | ANDE | ANDERSONS INC/THE | -- | $7,060,797.80 | 117,289 | 2274922 |
| 1.06% | ALG | ALAMO GROUP INC | -- | $6,845,671.91 | 35,623 | 2021634 |
| 1.06% | HNI | HNI CORP | -- | $6,814,668.84 | 143,346 | 2435246 |
| 1.05% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,764,648.09 | 43,567 | 2715186 |
| 1.04% | WDFC | WD-40 CO | -- | $6,678,574.98 | 30,757 | 2944742 |
| 1.03% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,643,234.10 | 170,558 | BFZ9DB8 |
| 1.03% | GFF | GRIFFON CORP | -- | $6,629,859.63 | 79,371 | 2463344 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,585,554.88 | 126,816 | 2379281 |
| 1.02% | KAI | KADANT INC | -- | $6,537,862.20 | 20,364 | 2769978 |
| 1.01% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,532,980.48 | 383,616 | BXC87C3 |
| 1.01% | BCPC | BALCHEM CORP | -- | $6,495,350.40 | 38,976 | 2072074 |
| 1.01% | MGRC | MCGRATH RENTCORP | -- | $6,479,997.44 | 56,882 | 2551551 |
| 1.00% | HTO | H2O AMERICA | -- | $6,454,246.00 | 122,425 | 2811932 |
| 1.00% | GATX | GATX CORP | -- | $6,451,390.60 | 35,060 | 2362128 |
| 1.00% | SCVL | SHOE CARNIVAL INC | -- | $6,433,913.72 | 334,403 | 2805474 |
| 1.00% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,431,251.50 | 238,725 | B15RZR4 |
| 1.00% | MBWM | MERCANTILE BANK CORP | -- | $6,427,040.42 | 125,971 | 2620257 |
| 1.00% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,420,589.56 | 21,516 | 2943620 |
| 0.99% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,402,681.10 | 242,986 | 2619880 |
| 0.99% | UBSI | UNITED BANKSHARES INC | -- | $6,384,065.02 | 154,279 | 2905794 |
| 0.99% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,370,645.16 | 239,318 | 2568090 |
| 0.99% | MTRN | MATERION CORP | -- | $6,363,456.92 | 46,828 | 2149622 |
| 0.98% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,329,556.36 | 188,548 | 2862156 |
| 0.98% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,320,986.70 | 130,115 | 2630513 |
| 0.98% | FULT | FULTON FINANCIAL CORP | -- | $6,306,884.01 | 308,707 | 2356585 |
| 0.98% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,286,401.63 | 314,163 | 2810133 |
| 0.97% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,274,481.20 | 102,692 | 2706470 |
| 0.97% | IOSP | INNOSPEC INC | -- | $6,273,201.86 | 78,161 | 2245597 |
| 0.97% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,264,944.40 | 79,656 | 2447821 |
| 0.97% | WSBC | WESBANCO INC | -- | $6,263,782.20 | 179,478 | 2953782 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,256,848.33 | 62,313 | 2350383 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,229,317.96 | 81,814 | 2888613 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,193,163.52 | 112,256 | 2923804 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,190,158.26 | 192,062 | 2485876 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,180,514.56 | 254,133 | BZ16HK0 |
| 0.96% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,175,764.60 | 99,980 | 2222062 |
| 0.96% | OTTR | OTTER TAIL CORP | -- | $6,171,661.43 | 71,423 | 2664103 |
| 0.96% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,170,641.90 | 100,663 | 2537528 |
| 0.96% | LAND | GLADSTONE LAND CORP | -- | $6,167,433.60 | 642,441 | B83TNY4 |
| 0.96% | CNS | COHEN & STEERS INC | -- | $6,153,336.00 | 94,304 | B02H882 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $6,144,728.00 | 193,840 | 2679419 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $6,142,617.00 | 210,004 | 2698146 |
| 0.95% | MZTI | MARZETTI COMPANY/THE | -- | $6,140,088.36 | 36,666 | 2503206 |
| 0.95% | NPO | ENPRO INC | -- | $6,137,398.66 | 25,882 | 2951292 |
| 0.95% | STBA | S & T BANCORP INC | -- | $6,137,182.14 | 146,193 | 2781109 |
| 0.95% | LNN | LINDSAY CORP | -- | $6,131,105.24 | 49,333 | 2516613 |
| 0.95% | NBTB | N B T BANCORP INC | -- | $6,131,065.48 | 139,628 | 2626459 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,115,858.77 | 175,089 | 2492133 |
| 0.95% | AVA | AVISTA CORP | -- | $6,097,486.72 | 151,528 | 2942605 |
| 0.95% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,095,544.90 | 190,070 | 2596949 |
| 0.95% | BKH | BLACK HILLS CORP | -- | $6,095,308.20 | 83,865 | 2101741 |
| 0.95% | APOG | APOGEE ENTERPRISES INC | -- | $6,092,907.79 | 155,789 | 2046176 |
| 0.95% | CSGS | CSG SYSTEMS INTL INC | -- | $6,085,945.60 | 76,160 | 2210885 |
| 0.94% | CADE | CADENCE BANK | -- | $6,074,854.52 | 141,572 | BMCS168 |
| 0.94% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,070,548.45 | 200,945 | BWC6PW6 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $6,069,167.32 | 122,659 | 2904133 |
| 0.94% | UTL | UNITIL CORP | -- | $6,067,636.08 | 122,529 | 2925037 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $6,053,975.84 | 224,554 | 2055718 |
| 0.94% | BUSE | FIRST BUSEY CORP | -- | $6,036,401.52 | 244,191 | BZ1LBM5 |
| 0.94% | FUL | H.B. FULLER CO. | -- | $6,033,214.13 | 100,873 | 2354664 |
| 0.94% | EXPO | EXPONENT INC | -- | $6,032,707.55 | 80,105 | 2330318 |
| 0.94% | JJSF | J & J SNACK FOODS CORP | -- | $6,021,507.03 | 64,477 | 2469171 |
| 0.93% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,018,000.00 | 136,000 | 2086558 |
| 0.93% | PII | POLARIS INC | -- | $6,010,151.15 | 86,965 | 2692933 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,999,505.84 | 120,763 | B125XQ6 |
| 0.93% | ABM | ABM INDUSTRIES INC | -- | $5,994,066.20 | 131,420 | 2024901 |
| 0.93% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,989,190.76 | 24,234 | 2840174 |
| 0.93% | SR | SPIRE INC | -- | $5,981,709.60 | 71,160 | BYXJQG9 |
| 0.93% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,974,462.52 | 175,513 | B9HHD96 |
| 0.93% | FRME | FIRST MERCHANTS CORP | -- | $5,972,549.31 | 157,131 | 2342410 |
| 0.93% | TXNM | TXNM ENERGY INC | -- | $5,963,393.60 | 100,733 | 2707826 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,961,214.56 | 89,454 | B03PGL4 |
| 0.93% | TRN | TRINITY INDUSTRIES INC | -- | $5,960,965.40 | 212,134 | 2904627 |
| 0.92% | LMAT | LEMAITRE VASCULAR INC | -- | $5,917,835.04 | 69,393 | B1G6TJ0 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,912,609.71 | 112,987 | 2589466 |
| 0.92% | MGEE | MGE ENERGY INC | -- | $5,906,452.07 | 74,567 | 2554163 |
| 0.92% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,903,319.76 | 126,844 | BFNR303 |
| 0.92% | AMSF | AMERISAFE INC | -- | $5,892,364.96 | 158,057 | B0PPHS6 |
| 0.91% | AWR | AMERICAN STATES WATER CO | -- | $5,889,428.67 | 80,161 | 2267171 |
| 0.91% | YORW | YORK WATER CO | -- | $5,884,111.56 | 177,019 | 2425292 |
| 0.91% | OGS | ONE GAS INC | -- | $5,883,096.21 | 74,479 | BJ0KXV4 |
| 0.91% | ENSG | ENSIGN GROUP INC/THE | -- | $5,870,755.10 | 32,954 | B1YWPP8 |
| 0.91% | HI | HILLENBRAND INC | -- | $5,869,153.62 | 184,217 | B2QGDP1 |
| 0.91% | TR | TOOTSIE ROLL INDS | -- | $5,832,849.96 | 156,042 | 2896809 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,816,967.39 | 130,689 | 2165383 |
| 0.90% | HMN | HORACE MANN EDUCATORS | -- | $5,802,214.60 | 134,435 | 2437112 |
| 0.90% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,776,495.04 | 33,367 | 2363381 |
| 0.89% | CTRE | CARETRUST REIT INC | -- | $5,761,090.37 | 155,579 | BMP8TL6 |
| 0.89% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,752,368.72 | 45,423 | 2190750 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,748,869.28 | 94,182 | B3N4753 |
| 0.89% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,722,683.48 | 158,787 | B019FW2 |
| 0.89% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,721,008.06 | 147,221 | 2927497 |
| 0.88% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,655,627.12 | 181,038 | 2965668 |
| 0.88% | BMI | BADGER METER INC | -- | $5,653,284.00 | 32,565 | 2069128 |
| 0.87% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,605,179.69 | 302,819 | 2752730 |
| 0.86% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,564,698.40 | 91,120 | 2125246 |
| 0.86% | HY | HYSTER-YALE INC | -- | $5,537,747.62 | 173,434 | B7LG306 |
| 0.84% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,431,748.60 | 187,690 | 2713395 |
| 0.81% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,207,298.82 | 62,333 | 2763602 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $962,819.88 | 962,820 | -- |
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
Is the Small-Cap Slumber Over?
Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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