SMDV

Russell 2000 Dividend Growers ETF

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SMDV Market Price 1.98% -5.99% -12.93% -4.40% 4.13% 3.89% 8.03% 7.34% 7.03% 02/03/2015
SMDV NAV 1.96% -6.00% -12.74% -4.28% 4.24% 3.88% 8.05% 7.39% 7.04% 02/03/2015
Russell 2000 Dividend Growth Index 2.00% -5.92% -12.60% -4.13% 4.63% 4.26% 8.47% 7.84% 7.49% --

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 5/31/2025
  • Number of Companies
    98
  • Price/Earnings Ratio
    16.16
  • Price/Book Ratio
    1.56

    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
    $2.73 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 6/24/2025
  • NAV
    $65.49
  • NAV Change
    $+0.38 up caret
  • Market Price
    $65.50
  • Market Price Change
    $+0.47 up caret
  • Trading Volume (M)
    35,934
  • 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 5/31/2025
  • Number of Companies
    98
  • Price/Earnings Ratio
    16.16
  • Price/Book Ratio
    1.56

    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
    $2.73 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 6/24/2025
  • NAV
    $65.49
  • NAV Change
    $+0.38 up caret
  • Market Price
    $65.50
  • Market Price Change
    $+0.47 up caret
  • Trading Volume (M)
    35,934
  • View Premium / Discount

Exposures

Index as of 3/31/2025 and Fund as of 6/24/2025

Holdings

as of 6/24/2025

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
1.38% SPTN SPARTANNASH CO -- $9,029,686.15 341,387 BN40158
1.29% ODC OIL-DRI CORP OF AMERICA -- $8,425,417.77 145,341 2657794
1.26% CTRE CARETRUST REIT INC -- $8,211,324.33 267,557 BMP8TL6
1.25% TXNM TXNM ENERGY INC -- $8,181,609.12 144,756 2707826
1.25% ALG ALAMO GROUP INC -- $8,174,983.71 37,671 2021634
1.25% ENSG ENSIGN GROUP INC/THE -- $8,149,499.19 53,067 B1YWPP8
1.23% BMI BADGER METER INC -- $8,064,652.80 32,624 2069128
1.21% WTS WATTS WATER TECHNOLOGIES-A -- $7,915,862.40 32,160 2943620
1.20% PLOW DOUGLAS DYNAMICS INC -- $7,846,098.40 268,702 B3N5WD9
1.15% JOUT JOHNSON OUTDOORS INC-A -- $7,541,707.52 254,272 2476847
1.15% UVV UNIVERSAL CORP/VA -- $7,507,126.99 126,149 2923804
1.14% NPO ENPRO INC -- $7,435,258.65 39,135 2951292
1.13% HNI HNI CORP -- $7,394,119.20 153,660 2435246
1.12% ASB ASSOCIATED BANC-CORP -- $7,350,522.48 305,508 2055718
1.11% LNN LINDSAY CORP -- $7,241,898.68 52,394 2516613
1.10% LMAT LEMAITRE VASCULAR INC -- $7,208,763.20 85,009 B1G6TJ0
1.10% UBSI UNITED BANKSHARES INC -- $7,184,510.40 197,160 2905794
1.10% MGRC MCGRATH RENTCORP -- $7,170,729.50 61,790 2551551
1.09% CADE CADENCE BANK -- $7,153,596.09 227,749 BMCS168
1.09% BUSE FIRST BUSEY CORP -- $7,118,878.36 306,716 BZ1LBM5
1.09% HMN HORACE MANN EDUCATORS -- $7,103,444.96 165,736 2437112
1.08% GFF GRIFFON CORP -- $7,065,333.16 98,116 2463344
1.08% AIT APPLIED INDUSTRIAL TECH INC -- $7,062,437.63 30,067 2086309
1.08% PFBC PREFERRED BANK/LOS ANGELES -- $7,047,111.68 82,432 2763602
1.07% GATX GATX CORP -- $6,968,085.63 44,693 2362128
1.06% CSGS CSG SYSTEMS INTL INC -- $6,921,965.76 107,886 2210885
1.06% FUL H.B. FULLER CO. -- $6,896,358.72 121,244 2354664
1.05% IBCP INDEPENDENT BANK CORP - MICH -- $6,894,854.28 218,676 2492133
1.05% INDB INDEPENDENT BANK CORP/MA -- $6,876,088.79 109,649 2447821
1.05% AWR AMERICAN STATES WATER CO -- $6,868,413.15 86,997 2267171
1.05% ORRF ORRSTOWN FINL SERVICES INC -- $6,866,228.04 217,011 B019FW2
1.05% MBWM MERCANTILE BANK CORP -- $6,849,560.62 151,774 2620257
1.05% GABC GERMAN AMERICAN BANCORP -- $6,839,773.65 177,795 2502151
1.04% OGS ONE GAS INC -- $6,824,807.92 92,678 BJ0KXV4
1.04% HFWA HERITAGE FINANCIAL CORP -- $6,821,151.66 289,277 2619880
1.04% NWN NORTHWEST NATURAL HOLDING CO -- $6,791,073.84 164,952 BFNR303
1.04% UCB UNITED COMMUNITY BANKS/GA -- $6,783,366.48 233,587 2862156
1.04% PEBO PEOPLES BANCORP INC -- $6,782,864.00 226,700 2679419
1.04% SBSI SOUTHSIDE BANCSHARES INC -- $6,778,672.25 233,345 2485876
1.04% ALE ALLETE INC -- $6,768,367.77 105,971 B02R1L6
1.03% SR SPIRE INC -- $6,735,768.50 90,413 BYXJQG9
1.03% CWT CALIFORNIA WATER SERVICE GRP -- $6,733,465.26 144,402 2165383
1.03% FULT FULTON FINANCIAL CORP -- $6,721,163.52 375,904 2356585
1.03% UHT UNIVERSAL HEALTH RLTY INCOME -- $6,711,980.20 164,590 2927497
1.02% FIBK FIRST INTERSTATE BANCSYS-A -- $6,668,267.40 239,006 B4RGHN0
1.02% OTTR OTTER TAIL CORP -- $6,655,504.05 85,185 2664103
1.02% MWA MUELLER WATER PRODUCTS INC-A -- $6,643,278.78 276,113 B15RZR4
1.01% WSBC WESBANCO INC -- $6,627,895.39 211,957 2953782
1.01% AVA AVISTA CORP -- $6,627,442.92 174,223 2942605
1.01% STBA S & T BANCORP INC -- $6,622,286.34 177,351 2781109
1.01% HTO H2O AMERICA -- $6,596,048.10 124,689 2811932
1.01% TMP TOMPKINS FINANCIAL CORP -- $6,594,910.00 105,350 2888613
1.01% WDFC WD-40 CO -- $6,592,014.00 28,171 2944742
1.01% CPK CHESAPEAKE UTILITIES CORP -- $6,584,566.00 53,050 2190750
1.01% GRC GORMAN-RUPP CO -- $6,582,614.85 180,593 2379281
1.00% UTL UNITIL CORP -- $6,548,027.85 124,369 2925037
1.00% YORW YORK WATER CO -- $6,541,663.83 200,603 2425292
1.00% BKH BLACK HILLS CORP -- $6,541,572.96 115,128 2101741
1.00% NJR NEW JERSEY RESOURCES CORP -- $6,531,439.25 144,725 2630513
1.00% CBU COMMUNITY FINANCIAL SYSTEM I -- $6,527,892.14 116,134 2222062
1.00% AUB ATLANTIC UNION BANKSHARES CO -- $6,509,820.85 208,715 BFZ9DB8
0.99% SCL STEPAN CO -- $6,492,033.48 117,588 2845005
0.99% WLY WILEY (JOHN) & SONS-CLASS A -- $6,461,003.39 149,803 2965668
0.98% NBTB N B T BANCORP INC -- $6,412,748.90 155,990 2626459
0.98% NWE NORTHWESTERN ENERGY GROUP IN -- $6,403,119.76 123,208 B03PGL4
0.98% WASH WASHINGTON TRUST BANCORP -- $6,401,823.80 229,868 2942025
0.97% GTY GETTY REALTY CORP -- $6,369,344.28 220,698 2698146
0.97% SFNC SIMMONS FIRST NATL CORP-CL A -- $6,341,271.95 336,407 2810133
0.96% BCPC BALCHEM CORP -- $6,276,440.24 39,368 2072074
0.96% POR PORTLAND GENERAL ELECTRIC CO -- $6,250,566.30 155,255 B125XQ6
0.95% MTRN MATERION CORP -- $6,241,712.40 77,924 2149622
0.95% FRME FIRST MERCHANTS CORP -- $6,236,879.25 167,433 2342410
0.95% LANC LANCASTER COLONY CORP -- $6,181,629.84 35,923 2503206
0.95% TRN TRINITY INDUSTRIES INC -- $6,179,362.15 231,871 2904627
0.94% POWI POWER INTEGRATIONS INC -- $6,165,672.80 110,180 2133045
0.94% HY HYSTER-YALE INC -- $6,141,289.44 155,397 B7LG306
0.94% AMSF AMERISAFE INC -- $6,138,783.90 138,573 B0PPHS6
0.94% HASI HA SUSTAINABLE INFRASTRUCTUR -- $6,121,063.84 231,158 B9HHD96
0.94% EXPO EXPONENT INC -- $6,117,210.30 80,862 2330318
0.94% MSEX MIDDLESEX WATER CO -- $6,116,221.41 107,661 2589466
0.93% CNS COHEN & STEERS INC -- $6,089,943.37 79,121 B02H882
0.93% MATW MATTHEWS INTL CORP-CLASS A -- $6,087,200.60 281,164 2568090
0.92% FELE FRANKLIN ELECTRIC CO INC -- $6,020,790.05 67,309 2350383
0.91% ABR ARBOR REALTY TRUST INC -- $5,966,362.60 565,532 B00N2S0
0.91% TRNO TERRENO REALTY CORP -- $5,932,051.16 101,126 B3N4753
0.91% SXI STANDEX INTERNATIONAL CORP -- $5,921,464.89 37,081 2840174
0.90% ANDE ANDERSONS INC/THE -- $5,899,901.93 160,367 2274922
0.89% NXRT NEXPOINT RESIDENTIAL -- $5,800,234.88 172,216 BWC6PW6
0.88% JJSF J & J SNACK FOODS CORP -- $5,775,573.24 49,979 2469171
0.88% KWR QUAKER CHEMICAL CORPORATION -- $5,769,561.70 49,802 2715186
0.88% MATX MATSON INC -- $5,750,869.24 51,847 B8GNC91
0.87% ABM ABM INDUSTRIES INC -- $5,702,379.28 126,607 2024901
0.87% APOG APOGEE ENTERPRISES INC -- $5,696,437.52 144,433 2046176
0.87% KAI KADANT INC -- $5,679,088.35 18,395 2769978
0.86% AVNT AVIENT CORP -- $5,619,497.04 165,474 BMHWY55
0.77% HI HILLENBRAND INC -- $5,031,956.63 251,221 B2QGDP1
0.73% CCOI COGENT COMMUNICATIONS HOLDIN -- $4,741,667.88 96,611 B06RWD1
0.70% NSP INSPERITY INC -- $4,596,347.10 76,542 2007281
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,533,582.49 1,533,582 --

Index

  • Total Number of Companies99
  • Price/Earnings Ratio17.778
  • Price/Book Ratio1.628
  • Dividend Yield ( % )3.26
  • Avg. Index Market Capitalization$2.73 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

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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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

Star rating is © 2025 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. SMDV was rated against the following numbers of U.S.-domiciled Small Value funds for the following time periods: 477 for the last three years, 445 for the last five years, and 358 for the last 10 years ending 04/30/25. With respect to these Small Value funds, SMDV received a Morningstar Rating of 4 stars for the three-year period, 1 star for the five-year period, and 5 stars for the ten-year period. Past performance is no guarantee of future results. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "Russell 2000® Dividend Growth Index" and "Russell®" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProShares. ProShares have not been passed on by Russell as to their legality or suitability. ProShares based on the Russell 2000 Dividend Growth Index are not sponsored, endorsed, sold, or promoted by Russell, and it makes no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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