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 2/02/2026- NAV $71.30
- NAV Change $+0.86
- Market Price $71.28
- Market Price Change $+0.80
- Trading Volume (M) 24,333
- 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 2/02/2026- NAV $71.30
- NAV Change $+0.86
- Market Price $71.28
- Market Price Change $+0.80
- Trading Volume (M) 24,333
- 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 2/02/2026
Holdings
as of 2/02/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.29% | MATX | MATSON INC | -- | $8,422,884.72 | 50,826 | B8GNC91 |
| 1.17% | SCL | STEPAN CO | -- | $7,681,370.88 | 130,992 | 2845005 |
| 1.15% | POWI | POWER INTEGRATIONS INC | -- | $7,526,052.12 | 161,781 | 2133045 |
| 1.14% | ANDE | ANDERSONS INC/THE | -- | $7,473,499.02 | 118,289 | 2274922 |
| 1.11% | NSP | INSPERITY INC | -- | $7,264,086.75 | 168,345 | 2007281 |
| 1.10% | GRC | GORMAN-RUPP CO | -- | $7,211,283.90 | 127,905 | 2379281 |
| 1.10% | WDFC | WD-40 CO | -- | $7,199,511.95 | 31,015 | 2944742 |
| 1.08% | AVNT | AVIENT CORP | -- | $7,045,158.70 | 192,754 | BMHWY55 |
| 1.07% | HNI | HNI CORP | -- | $7,040,364.20 | 144,566 | 2435246 |
| 1.07% | ALG | ALAMO GROUP INC | -- | $6,997,185.00 | 35,883 | 2021634 |
| 1.07% | LAND | GLADSTONE LAND CORP | -- | $6,984,717.74 | 647,933 | B83TNY4 |
| 1.05% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,907,178.56 | 43,936 | 2715186 |
| 1.04% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,806,673.12 | 172,016 | BFZ9DB8 |
| 1.04% | MBWM | MERCANTILE BANK CORP | -- | $6,792,306.84 | 127,054 | 2620257 |
| 1.03% | BCPC | BALCHEM CORP | -- | $6,735,083.10 | 39,306 | 2072074 |
| 1.03% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,728,104.05 | 386,895 | BXC87C3 |
| 1.03% | KAI | KADANT INC | -- | $6,727,838.04 | 20,538 | 2769978 |
| 1.03% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,719,779.06 | 240,766 | B15RZR4 |
| 1.02% | UBSI | UNITED BANKSHARES INC | -- | $6,701,390.51 | 155,593 | 2905794 |
| 1.02% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,693,779.04 | 82,517 | 2888613 |
| 1.02% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,653,418.48 | 190,152 | 2862156 |
| 1.01% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,627,694.08 | 21,696 | 2943620 |
| 1.01% | MTRN | MATERION CORP | -- | $6,626,841.30 | 47,230 | 2149622 |
| 1.01% | MGRC | MCGRATH RENTCORP | -- | $6,623,023.68 | 57,372 | 2551551 |
| 1.01% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,594,453.88 | 80,332 | 2447821 |
| 1.00% | IOSP | INNOSPEC INC | -- | $6,582,555.50 | 78,833 | 2245597 |
| 1.00% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,567,811.25 | 131,225 | 2630513 |
| 1.00% | SCVL | SHOE CARNIVAL INC | -- | $6,549,686.30 | 337,265 | 2805474 |
| 1.00% | FULT | FULTON FINANCIAL CORP | -- | $6,547,669.47 | 311,349 | 2356585 |
| 1.00% | UVV | UNIVERSAL CORP/VA | -- | $6,537,013.56 | 113,058 | 2923804 |
| 1.00% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,520,814.16 | 316,852 | 2810133 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,518,422.17 | 181,017 | 2953782 |
| 0.99% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,507,943.40 | 191,692 | 2596949 |
| 0.99% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,506,988.95 | 103,565 | 2706470 |
| 0.99% | GFF | GRIFFON CORP | -- | $6,495,175.86 | 80,049 | 2463344 |
| 0.99% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,481,704.75 | 245,055 | 2619880 |
| 0.99% | FRME | FIRST MERCHANTS CORP | -- | $6,479,797.41 | 158,469 | 2342410 |
| 0.99% | HTO | H2O AMERICA | -- | $6,477,371.05 | 123,355 | 2811932 |
| 0.98% | GATX | GATX CORP | -- | $6,434,812.80 | 35,360 | 2362128 |
| 0.98% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,432,137.40 | 241,356 | 2568090 |
| 0.98% | MZTI | MARZETTI COMPANY/THE | -- | $6,431,887.44 | 36,984 | 2503206 |
| 0.98% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,428,857.04 | 100,829 | 2222062 |
| 0.98% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,415,303.64 | 62,852 | 2350383 |
| 0.98% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,411,503.10 | 193,701 | 2485876 |
| 0.98% | NBTB | N B T BANCORP INC | -- | $6,394,409.15 | 140,815 | 2626459 |
| 0.98% | NPO | ENPRO INC | -- | $6,393,945.92 | 26,102 | 2951292 |
| 0.97% | STBA | S & T BANCORP INC | -- | $6,371,228.08 | 147,448 | 2781109 |
| 0.97% | PEBO | PEOPLES BANCORP INC | -- | $6,371,149.46 | 195,494 | 2679419 |
| 0.97% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,367,691.16 | 176,586 | 2492133 |
| 0.97% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,362,759.62 | 137,158 | 2086558 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,347,107.36 | 72,028 | 2664103 |
| 0.97% | LNN | LINDSAY CORP | -- | $6,333,082.47 | 49,761 | 2516613 |
| 0.97% | AVA | AVISTA CORP | -- | $6,328,234.79 | 152,819 | 2942605 |
| 0.96% | TCBK | TRICO BANCSHARES | -- | $6,313,954.24 | 123,706 | 2904133 |
| 0.96% | ASB | ASSOCIATED BANC-CORP | -- | $6,296,116.20 | 226,479 | 2055718 |
| 0.96% | GTY | GETTY REALTY CORP | -- | $6,279,929.30 | 211,802 | 2698146 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,279,595.00 | 256,310 | BZ16HK0 |
| 0.96% | BUSE | FIRST BUSEY CORP | -- | $6,265,337.76 | 246,279 | BZ1LBM5 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $6,247,252.40 | 213,947 | 2904627 |
| 0.95% | UTL | UNITIL CORP | -- | $6,245,581.58 | 123,577 | 2925037 |
| 0.95% | FUL | H.B. FULLER CO. | -- | $6,203,495.40 | 101,730 | 2354664 |
| 0.94% | JJSF | J & J SNACK FOODS CORP | -- | $6,190,760.80 | 65,029 | 2469171 |
| 0.94% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,168,415.96 | 101,521 | 2537528 |
| 0.94% | ABM | ABM INDUSTRIES INC | -- | $6,146,250.76 | 132,548 | 2024901 |
| 0.94% | AMSF | AMERISAFE INC | -- | $6,137,019.87 | 159,279 | B0PPHS6 |
| 0.94% | CSGS | CSG SYSTEMS INTL INC | -- | $6,130,764.77 | 76,817 | 2210885 |
| 0.94% | BKH | BLACK HILLS CORP | -- | $6,128,739.26 | 84,581 | 2101741 |
| 0.93% | SR | SPIRE INC | -- | $6,122,989.80 | 71,765 | BYXJQG9 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,104,149.88 | 90,218 | B03PGL4 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,103,197.56 | 121,796 | B125XQ6 |
| 0.93% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,096,155.52 | 177,008 | B9HHD96 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $6,085,099.68 | 135,586 | 2437112 |
| 0.93% | TR | TOOTSIE ROLL INDS | -- | $6,084,001.52 | 157,372 | 2896809 |
| 0.93% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,073,267.04 | 199,516 | BWC6PW6 |
| 0.92% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,057,627.55 | 127,933 | BFNR303 |
| 0.92% | CNS | COHEN & STEERS INC | -- | $6,056,413.76 | 95,107 | B02H882 |
| 0.92% | LMAT | LEMAITRE VASCULAR INC | -- | $6,045,831.37 | 69,983 | B1G6TJ0 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,029,585.38 | 24,437 | 2840174 |
| 0.92% | OGS | ONE GAS INC | -- | $6,003,510.48 | 75,119 | BJ0KXV4 |
| 0.92% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,995,547.92 | 160,052 | B019FW2 |
| 0.91% | TXNM | TXNM ENERGY INC | -- | $5,967,455.34 | 101,591 | 2707826 |
| 0.91% | YORW | YORK WATER CO | -- | $5,964,720.71 | 178,531 | 2425292 |
| 0.91% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,954,208.40 | 148,484 | 2927497 |
| 0.91% | EXPO | EXPONENT INC | -- | $5,951,138.72 | 80,792 | 2330318 |
| 0.91% | MGEE | MGE ENERGY INC | -- | $5,944,203.20 | 75,205 | 2554163 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,931,367.65 | 174,915 | B7LG306 |
| 0.90% | HI | HILLENBRAND INC | -- | $5,926,796.70 | 185,793 | B2QGDP1 |
| 0.90% | MSEX | MIDDLESEX WATER CO | -- | $5,919,082.40 | 113,960 | 2589466 |
| 0.90% | APOG | APOGEE ENTERPRISES INC | -- | $5,874,754.19 | 157,121 | 2046176 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,866,863.10 | 131,810 | 2165383 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,847,215.04 | 94,984 | B3N4753 |
| 0.89% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,839,145.76 | 45,808 | 2190750 |
| 0.89% | AWR | AMERICAN STATES WATER CO | -- | $5,827,523.84 | 80,848 | 2267171 |
| 0.88% | ENSG | ENSIGN GROUP INC/THE | -- | $5,735,894.40 | 33,240 | B1YWPP8 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,731,217.59 | 182,581 | 2965668 |
| 0.87% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,728,576.00 | 33,650 | 2363381 |
| 0.87% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,728,559.26 | 305,401 | 2752730 |
| 0.87% | CTRE | CARETRUST REIT INC | -- | $5,713,202.33 | 156,913 | BMP8TL6 |
| 0.86% | PII | POLARIS INC | -- | $5,643,752.40 | 87,704 | 2692933 |
| 0.86% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,612,745.00 | 189,300 | 2713395 |
| 0.85% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,554,436.00 | 91,900 | 2125246 |
| 0.84% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,503,814.88 | 62,872 | 2763602 |
| 0.76% | BMI | BADGER METER INC | -- | $4,991,411.25 | 32,875 | 2069128 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,217,602.00 | 1,217,602 | -- |
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
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