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 10/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -2.32% | 1.07% | 4.40% | -1.99% | -1.80% | 4.28% | 8.50% | 7.17% | 6.99% | 02/03/2015 |
| SMDV Market Price | -2.33% | 1.23% | 4.51% | -2.03% | -1.86% | 4.26% | 8.48% | 7.13% | 6.99% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -2.29% | 1.16% | 4.61% | -1.68% | -1.43% | 4.66% | 8.93% | 7.63% | 7.44% | -- |
| 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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- 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 $2.61 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 12/04/2025- NAV $66.98
- NAV Change $-0.45
- Market Price $66.99
- Market Price Change $-0.40
- Trading Volume (M) 14,642
- 30-Day Median Bid Ask Spread 0.08%
- 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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- 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 $2.61 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 12/04/2025- NAV $66.98
- NAV Change $-0.45
- Market Price $66.99
- Market Price Change $-0.40
- Trading Volume (M) 14,642
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/04/2025
Holdings
as of 12/04/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.18% | ANDE | ANDERSONS INC/THE | -- | $7,442,508.56 | 146,824 | 2274922 |
| 1.17% | HI | HILLENBRAND INC | -- | $7,364,792.54 | 231,743 | B2QGDP1 |
| 1.15% | CSGS | CSG SYSTEMS INTL INC | -- | $7,248,544.16 | 93,808 | 2210885 |
| 1.15% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,241,795.64 | 215,658 | B9HHD96 |
| 1.14% | BKH | BLACK HILLS CORP | -- | $7,132,873.60 | 101,840 | 2101741 |
| 1.13% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,086,384.48 | 29,064 | 2840174 |
| 1.10% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,920,244.76 | 142,012 | B125XQ6 |
| 1.10% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,917,910.56 | 221,444 | 2596949 |
| 1.10% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,889,111.35 | 104,905 | B03PGL4 |
| 1.08% | CADE | CADENCE BANK | -- | $6,764,013.99 | 160,933 | BMCS168 |
| 1.08% | CTRE | CARETRUST REIT INC | -- | $6,762,891.52 | 179,102 | BMP8TL6 |
| 1.07% | PII | POLARIS INC | -- | $6,752,861.44 | 102,752 | 2692933 |
| 1.07% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,713,850.90 | 145,290 | BFNR303 |
| 1.06% | MTRN | MATERION CORP | -- | $6,663,476.60 | 53,999 | 2149622 |
| 1.06% | SR | SPIRE INC | -- | $6,629,384.71 | 80,483 | BYXJQG9 |
| 1.04% | MATX | MATSON INC | -- | $6,553,514.40 | 57,588 | B8GNC91 |
| 1.04% | TCBK | TRICO BANCSHARES | -- | $6,516,551.51 | 134,723 | 2904133 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,471,444.53 | 140,653 | 2379281 |
| 1.03% | ALE | ALLETE INC | -- | $6,456,678.80 | 95,513 | B02R1L6 |
| 1.02% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,433,818.40 | 173,840 | B019FW2 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,422,705.90 | 102,895 | B3N4753 |
| 1.01% | YORW | YORK WATER CO | -- | $6,370,747.50 | 196,023 | 2425292 |
| 1.01% | AVA | AVISTA CORP | -- | $6,365,476.26 | 164,866 | 2942605 |
| 1.01% | UTL | UNITIL CORP | -- | $6,348,927.75 | 131,475 | 2925037 |
| 1.01% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,326,886.41 | 322,307 | 2752730 |
| 1.00% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,303,915.00 | 85,500 | 2447821 |
| 1.00% | OGS | ONE GAS INC | -- | $6,299,133.75 | 79,989 | BJ0KXV4 |
| 1.00% | EXPO | EXPONENT INC | -- | $6,294,697.95 | 85,121 | 2330318 |
| 1.00% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,282,967.68 | 185,229 | 2492133 |
| 1.00% | NPO | ENPRO INC | -- | $6,259,781.77 | 27,719 | 2951292 |
| 1.00% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,253,409.15 | 197,705 | 2713395 |
| 0.99% | LAND | GLADSTONE LAND CORP | -- | $6,241,497.44 | 676,952 | B83TNY4 |
| 0.99% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,241,306.56 | 48,416 | 2190750 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,219,747.18 | 188,306 | 2953782 |
| 0.99% | ENSG | ENSIGN GROUP INC/THE | -- | $6,217,223.60 | 34,940 | B1YWPP8 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,214,155.13 | 106,901 | 2707826 |
| 0.99% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,213,161.16 | 86,946 | 2888613 |
| 0.98% | STBA | S & T BANCORP INC | -- | $6,163,085.14 | 153,578 | 2781109 |
| 0.97% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,077,226.06 | 63,823 | 2763602 |
| 0.96% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,055,985.28 | 141,231 | 2086558 |
| 0.96% | UBSI | UNITED BANKSHARES INC | -- | $6,050,748.86 | 158,854 | 2905794 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,985,609.00 | 72,465 | 2664103 |
| 0.95% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,981,013.50 | 244,123 | 2568090 |
| 0.95% | GATX | GATX CORP | -- | $5,977,229.72 | 36,274 | 2362128 |
| 0.95% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,972,858.85 | 196,153 | 2485876 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $5,969,146.95 | 196,677 | 2679419 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $5,955,751.62 | 246,309 | BZ1LBM5 |
| 0.95% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,953,556.96 | 104,156 | 2706470 |
| 0.95% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,948,244.06 | 170,047 | BFZ9DB8 |
| 0.95% | FULT | FULTON FINANCIAL CORP | -- | $5,947,429.68 | 313,683 | 2356585 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,940,892.85 | 101,467 | 2222062 |
| 0.95% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,940,229.12 | 21,686 | 2943620 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,939,629.52 | 228,184 | 2055718 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,934,113.10 | 245,110 | 2619880 |
| 0.94% | BMI | BADGER METER INC | -- | $5,913,249.36 | 33,256 | 2069128 |
| 0.94% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,904,415.53 | 388,193 | BXC87C3 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $5,898,789.20 | 81,430 | 2267171 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,886,555.35 | 62,285 | 2350383 |
| 0.94% | MBWM | MERCANTILE BANK CORP | -- | $5,885,830.05 | 124,885 | 2620257 |
| 0.94% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,881,699.38 | 146,969 | 2927497 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $5,877,094.41 | 212,707 | 2904627 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $5,853,312.48 | 131,358 | 2437112 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,845,367.68 | 210,568 | 2698146 |
| 0.93% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,816,538.98 | 129,199 | 2630513 |
| 0.92% | BCPC | BALCHEM CORP | -- | $5,784,515.35 | 37,721 | 2072074 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,772,832.80 | 138,040 | 2626459 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,762,342.95 | 112,217 | 2589466 |
| 0.91% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,727,841.28 | 182,648 | 2862156 |
| 0.91% | HTO | H2O AMERICA | -- | $5,723,118.72 | 120,436 | 2811932 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,722,002.00 | 109,512 | 2923804 |
| 0.91% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,717,218.94 | 129,086 | 2165383 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,704,243.32 | 42,076 | 2715186 |
| 0.90% | FUL | H.B. FULLER CO. | -- | $5,668,054.95 | 97,473 | 2354664 |
| 0.90% | MGEE | MGE ENERGY INC | -- | $5,660,773.76 | 71,728 | 2554163 |
| 0.90% | HY | HYSTER-YALE INC | -- | $5,648,272.23 | 161,241 | B7LG306 |
| 0.89% | TR | TOOTSIE ROLL INDS | -- | $5,618,525.22 | 148,914 | 2896809 |
| 0.89% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,592,836.48 | 226,982 | B15RZR4 |
| 0.89% | ABM | ABM INDUSTRIES INC | -- | $5,579,521.33 | 125,977 | 2024901 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,520,234.16 | 148,234 | 2342410 |
| 0.87% | GFF | GRIFFON CORP | -- | $5,474,851.50 | 74,742 | 2463344 |
| 0.87% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,470,727.29 | 291,151 | 2810133 |
| 0.87% | SCL | STEPAN CO | -- | $5,456,517.29 | 121,229 | 2845005 |
| 0.87% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,438,441.60 | 232,810 | BZ16HK0 |
| 0.86% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,408,259.23 | 178,079 | BWC6PW6 |
| 0.86% | KAI | KADANT INC | -- | $5,407,863.30 | 18,585 | 2769978 |
| 0.86% | MZTI | MARZETTI COMPANY/THE | -- | $5,392,592.56 | 32,954 | 2503206 |
| 0.86% | WDFC | WD-40 CO | -- | $5,384,888.74 | 27,862 | 2944742 |
| 0.85% | HNI | HNI CORP | -- | $5,358,012.16 | 130,112 | 2435246 |
| 0.85% | LMAT | LEMAITRE VASCULAR INC | -- | $5,343,994.90 | 62,357 | B1G6TJ0 |
| 0.84% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,280,830.94 | 152,537 | 2965668 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,267,981.95 | 89,485 | 2537528 |
| 0.84% | CNS | COHEN & STEERS INC | -- | $5,249,694.10 | 83,794 | B02H882 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,248,937.22 | 70,922 | 2245597 |
| 0.83% | APOG | APOGEE ENTERPRISES INC | -- | $5,236,848.16 | 139,352 | 2046176 |
| 0.83% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,208,982.35 | 29,615 | 2363381 |
| 0.81% | LNN | LINDSAY CORP | -- | $5,104,443.93 | 43,269 | 2516613 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,086,406.40 | 55,772 | 2469171 |
| 0.80% | AMSF | AMERISAFE INC | -- | $5,002,021.86 | 132,539 | B0PPHS6 |
| 0.80% | MGRC | MCGRATH RENTCORP | -- | $4,998,311.64 | 48,377 | 2551551 |
| 0.79% | AVNT | AVIENT CORP | -- | $4,986,042.88 | 161,152 | BMHWY55 |
| 0.79% | POWI | POWER INTEGRATIONS INC | -- | $4,951,871.18 | 135,371 | 2133045 |
| 0.77% | ALG | ALAMO GROUP INC | -- | $4,842,054.00 | 29,050 | 2021634 |
| 0.76% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,746,850.90 | 73,141 | 2125246 |
| 0.72% | SCVL | SHOE CARNIVAL INC | -- | $4,500,394.66 | 247,003 | 2805474 |
| 0.64% | NSP | INSPERITY INC | -- | $4,046,197.08 | 112,582 | 2007281 |
| 0.49% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,090,375.00 | 164,820 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,707,752.06 | 1,707,752 | -- |
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
Is the Small-Cap Slumber Over?
Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
Read More
