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 1/12/2026- NAV $68.60
- NAV Change $0.00
- Market Price $68.57
- Market Price Change $+0.03
- Trading Volume (M) 28,394
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 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 1/12/2026- NAV $68.60
- NAV Change $0.00
- Market Price $68.57
- Market Price Change $+0.03
- Trading Volume (M) 28,394
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- Distribution Details
Exposures
Index as of 9/30/2025 and Fund as of 1/12/2026
Holdings
as of 1/12/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | NSP | INSPERITY INC | -- | $7,581,230.25 | 167,541 | 2007281 |
| 1.07% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,785,847.75 | 240,207 | 2568090 |
| 1.07% | SCL | STEPAN CO | -- | $6,769,854.45 | 130,365 | 2845005 |
| 1.06% | ALG | ALAMO GROUP INC | -- | $6,726,249.27 | 35,757 | 2021634 |
| 1.06% | POWI | POWER INTEGRATIONS INC | -- | $6,698,574.24 | 161,256 | 2133045 |
| 1.06% | FUL | H.B. FULLER CO. | -- | $6,693,439.17 | 101,247 | 2354664 |
| 1.06% | MATX | MATSON INC | -- | $6,689,205.00 | 50,580 | B8GNC91 |
| 1.05% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,633,974.88 | 43,728 | 2715186 |
| 1.04% | AVNT | AVIENT CORP | -- | $6,587,613.90 | 191,835 | BMHWY55 |
| 1.03% | GFF | GRIFFON CORP | -- | $6,560,495.10 | 79,666 | 2463344 |
| 1.03% | MTRN | MATERION CORP | -- | $6,558,328.59 | 47,003 | 2149622 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,523,612.50 | 127,290 | 2379281 |
| 1.03% | ANDE | ANDERSONS INC/THE | -- | $6,505,483.50 | 117,725 | 2274922 |
| 1.02% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,488,008.25 | 385,045 | BXC87C3 |
| 1.02% | CNS | COHEN & STEERS INC | -- | $6,462,975.12 | 94,654 | B02H882 |
| 1.02% | HNI | HNI CORP | -- | $6,451,489.52 | 143,878 | 2435246 |
| 1.00% | HTO | H2O AMERICA | -- | $6,366,516.42 | 122,882 | 2811932 |
| 1.00% | KAI | KADANT INC | -- | $6,334,764.80 | 20,440 | 2769978 |
| 1.00% | IOSP | INNOSPEC INC | -- | $6,320,958.21 | 78,453 | 2245597 |
| 0.99% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,291,342.75 | 171,193 | BFZ9DB8 |
| 0.99% | CADE | CADENCE BANK | -- | $6,282,285.21 | 142,101 | BMCS168 |
| 0.99% | SCVL | SHOE CARNIVAL INC | -- | $6,276,655.00 | 335,650 | 2805474 |
| 0.99% | MGRC | MCGRATH RENTCORP | -- | $6,274,740.50 | 57,095 | 2551551 |
| 0.99% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,247,819.83 | 62,547 | 2350383 |
| 0.98% | BCPC | BALCHEM CORP | -- | $6,228,295.20 | 39,120 | 2072074 |
| 0.98% | MZTI | MARZETTI COMPANY/THE | -- | $6,216,931.68 | 36,804 | 2503206 |
| 0.98% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,213,745.30 | 21,595 | 2943620 |
| 0.98% | GATX | GATX CORP | -- | $6,196,607.10 | 35,190 | 2362128 |
| 0.98% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,186,517.12 | 189,248 | 2862156 |
| 0.98% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,185,586.94 | 201,682 | BWC6PW6 |
| 0.98% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,180,612.63 | 255,081 | BZ16HK0 |
| 0.97% | LAND | GLADSTONE LAND CORP | -- | $6,177,528.88 | 644,836 | B83TNY4 |
| 0.97% | UBSI | UNITED BANKSHARES INC | -- | $6,170,852.20 | 154,852 | 2905794 |
| 0.97% | PII | POLARIS INC | -- | $6,162,532.80 | 87,288 | 2692933 |
| 0.97% | MBWM | MERCANTILE BANK CORP | -- | $6,153,932.14 | 126,442 | 2620257 |
| 0.97% | JJSF | J & J SNACK FOODS CORP | -- | $6,139,701.79 | 64,717 | 2469171 |
| 0.96% | NPO | ENPRO INC | -- | $6,115,740.76 | 25,978 | 2951292 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,113,745.50 | 112,675 | 2923804 |
| 0.96% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,111,375.90 | 100,351 | 2222062 |
| 0.96% | LNN | LINDSAY CORP | -- | $6,108,168.65 | 49,519 | 2516613 |
| 0.96% | WSBC | WESBANCO INC | -- | $6,099,811.28 | 180,148 | 2953782 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,097,667.31 | 130,599 | 2630513 |
| 0.96% | OTTR | OTTER TAIL CORP | -- | $6,086,226.30 | 71,687 | 2664103 |
| 0.96% | CSGS | CSG SYSTEMS INTL INC | -- | $6,076,613.05 | 76,445 | 2210885 |
| 0.96% | UTL | UNITIL CORP | -- | $6,070,588.96 | 122,986 | 2925037 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,070,516.24 | 192,776 | 2485876 |
| 0.96% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,062,116.63 | 62,567 | 2763602 |
| 0.96% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,055,071.05 | 239,615 | B15RZR4 |
| 0.96% | FULT | FULTON FINANCIAL CORP | -- | $6,054,625.32 | 309,858 | 2356585 |
| 0.96% | GTY | GETTY REALTY CORP | -- | $6,053,802.64 | 210,787 | 2698146 |
| 0.95% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,041,568.40 | 82,120 | 2888613 |
| 0.95% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,033,328.10 | 303,946 | 2752730 |
| 0.95% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,028,366.30 | 176,165 | B9HHD96 |
| 0.95% | AMSF | AMERISAFE INC | -- | $6,015,780.48 | 158,644 | B0PPHS6 |
| 0.95% | HMN | HORACE MANN EDUCATORS | -- | $6,007,395.24 | 134,937 | 2437112 |
| 0.94% | MSEX | MIDDLESEX WATER CO | -- | $5,988,048.00 | 113,410 | 2589466 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $5,979,787.20 | 80,460 | 2267171 |
| 0.94% | EXPO | EXPONENT INC | -- | $5,978,841.44 | 80,404 | 2330318 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $5,972,518.20 | 212,924 | 2904627 |
| 0.94% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,962,984.85 | 315,335 | 2810133 |
| 0.94% | TXNM | TXNM ENERGY INC | -- | $5,961,268.72 | 101,107 | 2707826 |
| 0.94% | NBTB | N B T BANCORP INC | -- | $5,960,409.38 | 140,146 | 2626459 |
| 0.94% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,954,527.21 | 103,073 | 2706470 |
| 0.94% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,953,151.46 | 79,951 | 2447821 |
| 0.94% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,948,426.86 | 190,777 | 2596949 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $5,947,729.77 | 194,561 | 2679419 |
| 0.94% | AVA | AVISTA CORP | -- | $5,943,716.28 | 152,091 | 2942605 |
| 0.94% | BKH | BLACK HILLS CORP | -- | $5,942,966.80 | 84,178 | 2101741 |
| 0.94% | FRME | FIRST MERCHANTS CORP | -- | $5,939,546.90 | 157,715 | 2342410 |
| 0.93% | WDFC | WD-40 CO | -- | $5,917,470.30 | 30,870 | 2944742 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,916,406.53 | 121,213 | B125XQ6 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,913,371.82 | 89,787 | B03PGL4 |
| 0.93% | TCBK | TRICO BANCSHARES | -- | $5,909,568.00 | 123,116 | 2904133 |
| 0.93% | HY | HYSTER-YALE INC | -- | $5,901,312.00 | 174,080 | B7LG306 |
| 0.93% | MGEE | MGE ENERGY INC | -- | $5,894,043.75 | 74,845 | 2554163 |
| 0.93% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,888,457.50 | 127,318 | BFNR303 |
| 0.93% | HI | HILLENBRAND INC | -- | $5,883,645.28 | 184,904 | B2QGDP1 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,878,330.38 | 147,771 | 2927497 |
| 0.93% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,870,408.23 | 243,889 | 2619880 |
| 0.93% | ABM | ABM INDUSTRIES INC | -- | $5,867,401.28 | 131,911 | 2024901 |
| 0.93% | ASB | ASSOCIATED BANC-CORP | -- | $5,864,699.84 | 225,392 | 2055718 |
| 0.92% | SR | SPIRE INC | -- | $5,861,767.68 | 71,424 | BYXJQG9 |
| 0.92% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,858,013.00 | 91,460 | 2125246 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,848,109.86 | 245,101 | BZ1LBM5 |
| 0.92% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,847,870.66 | 131,177 | 2165383 |
| 0.92% | ENSG | ENSIGN GROUP INC/THE | -- | $5,845,874.94 | 33,078 | B1YWPP8 |
| 0.92% | CTRE | CARETRUST REIT INC | -- | $5,841,945.60 | 156,160 | BMP8TL6 |
| 0.92% | LMAT | LEMAITRE VASCULAR INC | -- | $5,838,759.50 | 69,650 | B1G6TJ0 |
| 0.92% | YORW | YORK WATER CO | -- | $5,827,838.40 | 177,678 | 2425292 |
| 0.92% | STBA | S & T BANCORP INC | -- | $5,827,005.69 | 146,739 | 2781109 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,824,142.35 | 24,323 | 2840174 |
| 0.92% | TR | TOOTSIE ROLL INDS | -- | $5,805,977.54 | 156,622 | 2896809 |
| 0.92% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,800,215.12 | 181,711 | 2965668 |
| 0.91% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,786,909.89 | 33,491 | 2363381 |
| 0.91% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,757,307.92 | 175,742 | 2492133 |
| 0.91% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,746,984.56 | 101,037 | 2537528 |
| 0.91% | OGS | ONE GAS INC | -- | $5,741,337.60 | 74,757 | BJ0KXV4 |
| 0.90% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,693,623.55 | 136,505 | 2086558 |
| 0.90% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,691,388.38 | 159,378 | B019FW2 |
| 0.89% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,630,032.59 | 45,591 | 2190750 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,616,146.12 | 94,532 | B3N4753 |
| 0.88% | BMI | BADGER METER INC | -- | $5,609,726.55 | 32,685 | 2069128 |
| 0.86% | APOG | APOGEE ENTERPRISES INC | -- | $5,461,969.17 | 156,369 | 2046176 |
| 0.83% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,242,921.53 | 188,391 | 2713395 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,129,562.32 | 1,129,562 | -- |
Index
as of 9/30/2025
- Total Number of Companies106
- Price/Earnings Ratio19.31
- Price/Book Ratio1.65
- Dividend Yield ( % )3.33
- Avg. Index Market Capitalization$2.70 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
Read More
