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 11/30/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 2.80% | -1.58% | 5.25% | 0.75% | -8.16% | 3.56% | 6.70% | 7.20% | 7.20% | 02/03/2015 |
| SMDV Market Price | 2.73% | -1.55% | 5.28% | 0.64% | -8.34% | 3.57% | 6.69% | 7.19% | 7.20% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 2.84% | -1.49% | 5.47% | 1.11% | -7.82% | 3.94% | 7.12% | 7.66% | 7.66% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -1.98% | 3.03% | 2.86% | 0.34% | -1.20% | 9.33% | 9.98% | 8.16% | 7.28% | 02/03/2015 |
| SMDV Market Price | -1.89% | 3.10% | 2.87% | 0.30% | -1.23% | 9.30% | 9.97% | 8.22% | 7.28% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -1.95% | 3.14% | 3.07% | 0.63% | -0.84% | 9.75% | 10.41% | 8.61% | 7.73% | -- |
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
- Distributions Quarterly
- Options Available Yes
Characteristics
as of 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 12/30/2025- NAV $66.68
- NAV Change $-0.36
- Market Price $66.62
- Market Price Change $-0.42
- Trading Volume (M) 14,845
- View Premium / Discount
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
- Distributions Quarterly
- Options Available Yes
Characteristics
as of 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- Price/Book Ratio 1.62
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 $2.69 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 12/30/2025- NAV $66.68
- NAV Change $-0.36
- Market Price $66.62
- Market Price Change $-0.42
- Trading Volume (M) 14,845
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/29/2025
Holdings
as of 12/29/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.05% | NSP | INSPERITY INC | -- | $6,524,707.20 | 168,510 | 2007281 |
| 1.04% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,465,055.44 | 241,594 | 2568090 |
| 1.02% | MATX | MATSON INC | -- | $6,369,550.00 | 50,875 | B8GNC91 |
| 1.02% | ANDE | ANDERSONS INC/THE | -- | $6,350,060.15 | 118,405 | 2274922 |
| 1.01% | HMN | HORACE MANN EDUCATORS | -- | $6,320,433.83 | 135,719 | 2437112 |
| 1.01% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,308,931.00 | 43,980 | 2715186 |
| 1.01% | GRC | GORMAN-RUPP CO | -- | $6,302,916.90 | 128,030 | 2379281 |
| 1.01% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,289,346.00 | 387,275 | BXC87C3 |
| 1.00% | WDFC | WD-40 CO | -- | $6,261,248.49 | 31,047 | 2944742 |
| 1.00% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,232,884.32 | 62,933 | 2763602 |
| 1.00% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,226,209.60 | 172,185 | BFZ9DB8 |
| 0.99% | IOSP | INNOSPEC INC | -- | $6,199,091.04 | 78,909 | 2245597 |
| 0.99% | ALG | ALAMO GROUP INC | -- | $6,198,552.78 | 35,967 | 2021634 |
| 0.99% | CADE | CADENCE BANK | -- | $6,197,271.36 | 142,926 | BMCS168 |
| 0.99% | FUL | H.B. FULLER CO. | -- | $6,194,379.73 | 101,831 | 2354664 |
| 0.99% | SCL | STEPAN CO | -- | $6,190,222.41 | 131,121 | 2845005 |
| 0.99% | HNI | HNI CORP | -- | $6,184,862.66 | 144,709 | 2435246 |
| 0.99% | FULT | FULTON FINANCIAL CORP | -- | $6,176,982.28 | 311,654 | 2356585 |
| 0.99% | BCPC | BALCHEM CORP | -- | $6,164,574.60 | 39,345 | 2072074 |
| 0.99% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,162,972.48 | 305,703 | 2752730 |
| 0.99% | MBWM | MERCANTILE BANK CORP | -- | $6,155,366.80 | 127,177 | 2620257 |
| 0.99% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,153,520.53 | 62,913 | 2350383 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,151,536.30 | 181,194 | 2953782 |
| 0.98% | MZTI | MARZETTI COMPANY/THE | -- | $6,146,634.76 | 37,019 | 2503206 |
| 0.98% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,137,941.16 | 21,718 | 2943620 |
| 0.98% | AMSF | AMERISAFE INC | -- | $6,122,278.83 | 159,559 | B0PPHS6 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,102,299.28 | 57,428 | 2551551 |
| 0.98% | AVNT | AVIENT CORP | -- | $6,100,889.28 | 192,944 | BMHWY55 |
| 0.98% | GATX | GATX CORP | -- | $6,099,448.02 | 35,394 | 2362128 |
| 0.98% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,098,962.48 | 82,597 | 2888613 |
| 0.98% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,097,499.10 | 131,355 | 2630513 |
| 0.98% | CNS | COHEN & STEERS INC | -- | $6,091,848.00 | 95,200 | B02H882 |
| 0.97% | UBSI | UNITED BANKSHARES INC | -- | $6,080,323.84 | 155,746 | 2905794 |
| 0.97% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,063,439.60 | 191,881 | 2596949 |
| 0.97% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,062,329.00 | 190,340 | 2862156 |
| 0.97% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,059,093.75 | 193,891 | 2485876 |
| 0.97% | UTL | UNITIL CORP | -- | $6,052,543.14 | 123,698 | 2925037 |
| 0.97% | HTO | H2O AMERICA | -- | $6,042,510.66 | 123,594 | 2811932 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,041,955.15 | 317,163 | 2810133 |
| 0.97% | KAI | KADANT INC | -- | $6,036,034.38 | 20,558 | 2769978 |
| 0.97% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,035,373.54 | 128,058 | BFNR303 |
| 0.97% | FRME | FIRST MERCHANTS CORP | -- | $6,027,750.00 | 158,625 | 2342410 |
| 0.97% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,024,052.28 | 256,561 | BZ16HK0 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,021,169.77 | 113,329 | 2923804 |
| 0.96% | GFF | GRIFFON CORP | -- | $6,018,338.97 | 80,127 | 2463344 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,005,897.59 | 80,411 | 2447821 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $5,994,684.45 | 101,691 | 2707826 |
| 0.96% | MTRN | MATERION CORP | -- | $5,993,651.28 | 47,276 | 2149622 |
| 0.96% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,983,659.24 | 103,667 | 2706470 |
| 0.96% | BUSE | FIRST BUSEY CORP | -- | $5,983,064.67 | 246,521 | BZ1LBM5 |
| 0.96% | SR | SPIRE INC | -- | $5,976,755.20 | 71,836 | BYXJQG9 |
| 0.96% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,974,016.88 | 33,683 | 2363381 |
| 0.96% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,970,528.98 | 245,297 | 2619880 |
| 0.96% | NBTB | N B T BANCORP INC | -- | $5,962,354.20 | 140,954 | 2626459 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,958,261.36 | 72,099 | 2664103 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $5,956,681.84 | 195,686 | 2679419 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,939,671.65 | 100,929 | 2222062 |
| 0.95% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,937,715.03 | 101,621 | 2537528 |
| 0.95% | TCBK | TRICO BANCSHARES | -- | $5,935,076.04 | 123,828 | 2904133 |
| 0.95% | MGEE | MGE ENERGY INC | -- | $5,929,726.83 | 75,279 | 2554163 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,926,239.18 | 241,002 | B15RZR4 |
| 0.95% | STBA | S & T BANCORP INC | -- | $5,922,866.96 | 147,592 | 2781109 |
| 0.95% | CSGS | CSG SYSTEMS INTL INC | -- | $5,914,455.72 | 76,891 | 2210885 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,914,145.16 | 80,927 | 2267171 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,912,362.08 | 226,701 | 2055718 |
| 0.95% | AVA | AVISTA CORP | -- | $5,909,231.10 | 152,970 | 2942605 |
| 0.95% | BMI | BADGER METER INC | -- | $5,908,413.28 | 32,872 | 2069128 |
| 0.95% | BKH | BLACK HILLS CORP | -- | $5,905,383.75 | 84,665 | 2101741 |
| 0.95% | LNN | LINDSAY CORP | -- | $5,901,868.41 | 49,809 | 2516613 |
| 0.95% | JJSF | J & J SNACK FOODS CORP | -- | $5,899,938.88 | 65,092 | 2469171 |
| 0.94% | HI | HILLENBRAND INC | -- | $5,897,267.25 | 185,975 | B2QGDP1 |
| 0.94% | OGS | ONE GAS INC | -- | $5,878,510.56 | 75,192 | BJ0KXV4 |
| 0.94% | SCVL | SHOE CARNIVAL INC | -- | $5,877,546.36 | 337,596 | 2805474 |
| 0.94% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,877,270.00 | 176,760 | 2492133 |
| 0.94% | ENSG | ENSIGN GROUP INC/THE | -- | $5,866,851.76 | 33,272 | B1YWPP8 |
| 0.94% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,863,442.60 | 91,990 | 2125246 |
| 0.94% | MSEX | MIDDLESEX WATER CO | -- | $5,863,198.00 | 114,070 | 2589466 |
| 0.94% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,857,312.02 | 90,307 | B03PGL4 |
| 0.94% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,845,540.97 | 199,711 | BWC6PW6 |
| 0.94% | TR | TOOTSIE ROLL INDS | -- | $5,842,676.43 | 157,527 | 2896809 |
| 0.94% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,841,119.70 | 148,629 | 2927497 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,833,632.75 | 121,915 | B125XQ6 |
| 0.93% | POWI | POWER INTEGRATIONS INC | -- | $5,822,549.20 | 162,188 | 2133045 |
| 0.93% | CTRE | CARETRUST REIT INC | -- | $5,822,473.69 | 157,067 | BMP8TL6 |
| 0.93% | YORW | YORK WATER CO | -- | $5,818,667.36 | 178,706 | 2425292 |
| 0.93% | LMAT | LEMAITRE VASCULAR INC | -- | $5,811,513.92 | 70,052 | B1G6TJ0 |
| 0.93% | TRN | TRINITY INDUSTRIES INC | -- | $5,801,513.13 | 214,157 | 2904627 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,794,233.30 | 212,010 | 2698146 |
| 0.93% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,785,731.54 | 45,853 | 2190750 |
| 0.93% | APOG | APOGEE ENTERPRISES INC | -- | $5,775,138.00 | 157,275 | 2046176 |
| 0.92% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,767,678.93 | 137,293 | 2086558 |
| 0.92% | LAND | GLADSTONE LAND CORP | -- | $5,765,787.30 | 648,570 | B83TNY4 |
| 0.92% | EXPO | EXPONENT INC | -- | $5,759,632.62 | 80,871 | 2330318 |
| 0.92% | NPO | ENPRO INC | -- | $5,757,606.99 | 26,127 | 2951292 |
| 0.92% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,747,262.84 | 131,939 | 2165383 |
| 0.92% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,733,641.88 | 177,183 | B9HHD96 |
| 0.92% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,725,880.28 | 160,299 | B019FW2 |
| 0.92% | PII | POLARIS INC | -- | $5,721,339.47 | 87,791 | 2692933 |
| 0.91% | TRNO | TERRENO REALTY CORP | -- | $5,694,221.42 | 95,078 | B3N4753 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,691,886.20 | 132,678 | 2024901 |
| 0.91% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,659,916.95 | 189,485 | 2713395 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,604,366.07 | 182,761 | 2965668 |
| 0.89% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,544,312.30 | 24,462 | 2840174 |
| 0.85% | HY | HYSTER-YALE INC | -- | $5,278,903.20 | 175,088 | B7LG306 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,964,253.76 | 1,964,254 | -- |
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
2025
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
- 2016
| 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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