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 9/30/2025
| 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% | -- |
| 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 10/31/2025- NAV $65.08
- NAV Change $+0.02
- Market Price $65.09
- Market Price Change $+0.10
- Trading Volume (M) 27,837
- 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 10/31/2025- NAV $65.08
- NAV Change $+0.02
- Market Price $65.09
- Market Price Change $+0.10
- Trading Volume (M) 27,837
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 10/31/2025
Holdings
as of 10/31/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | CSGS | CSG SYSTEMS INTL INC | -- | $7,390,879.56 | 94,428 | 2210885 |
| 1.20% | HI | HILLENBRAND INC | -- | $7,371,900.80 | 233,288 | B2QGDP1 |
| 1.14% | SR | SPIRE INC | -- | $6,999,696.00 | 81,015 | BYXJQG9 |
| 1.11% | ANDE | ANDERSONS INC/THE | -- | $6,844,803.24 | 147,804 | 2274922 |
| 1.11% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $6,844,158.75 | 165,919 | B06RWD1 |
| 1.11% | PII | POLARIS INC | -- | $6,837,119.60 | 103,436 | 2692933 |
| 1.11% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,824,076.57 | 29,259 | 2840174 |
| 1.08% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,659,035.68 | 146,256 | BFNR303 |
| 1.06% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,530,047.36 | 142,952 | B125XQ6 |
| 1.06% | BKH | BLACK HILLS CORP | -- | $6,502,653.31 | 102,517 | 2101741 |
| 1.05% | MSEX | MIDDLESEX WATER CO | -- | $6,492,041.08 | 112,964 | 2589466 |
| 1.05% | ALE | ALLETE INC | -- | $6,473,442.85 | 96,145 | B02R1L6 |
| 1.05% | NPO | ENPRO INC | -- | $6,473,079.00 | 27,900 | 2951292 |
| 1.05% | OGS | ONE GAS INC | -- | $6,457,139.37 | 80,523 | BJ0KXV4 |
| 1.05% | UTL | UNITIL CORP | -- | $6,451,867.50 | 132,346 | 2925037 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,367,212.36 | 141,588 | 2379281 |
| 1.03% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,337,644.03 | 222,921 | 2596949 |
| 1.03% | ENSG | ENSIGN GROUP INC/THE | -- | $6,334,297.10 | 35,171 | B1YWPP8 |
| 1.02% | AVA | AVISTA CORP | -- | $6,314,968.25 | 165,965 | 2942605 |
| 1.02% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,301,152.00 | 105,600 | B03PGL4 |
| 1.01% | CTRE | CARETRUST REIT INC | -- | $6,247,221.75 | 180,295 | BMP8TL6 |
| 1.01% | MTRN | MATERION CORP | -- | $6,230,828.28 | 54,356 | 2149622 |
| 1.01% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,202,990.80 | 48,735 | 2190750 |
| 1.00% | LAND | GLADSTONE LAND CORP | -- | $6,173,937.00 | 681,450 | B83TNY4 |
| 0.99% | YORW | YORK WATER CO | -- | $6,131,012.03 | 197,329 | 2425292 |
| 0.99% | CADE | CADENCE BANK | -- | $6,114,181.92 | 162,008 | BMCS168 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,112,191.20 | 107,609 | 2707826 |
| 0.98% | EXPO | EXPONENT INC | -- | $6,067,425.66 | 85,686 | 2330318 |
| 0.98% | BMI | BADGER METER INC | -- | $6,040,563.75 | 33,475 | 2069128 |
| 0.98% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,024,318.21 | 324,455 | 2752730 |
| 0.98% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,015,453.06 | 217,086 | B9HHD96 |
| 0.97% | TCBK | TRICO BANCSHARES | -- | $5,998,472.60 | 135,620 | 2904133 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $5,983,628.35 | 72,205 | 2554163 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,951,130.60 | 21,831 | 2943620 |
| 0.96% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,941,984.23 | 62,699 | 2350383 |
| 0.96% | TRNO | TERRENO REALTY CORP | -- | $5,917,468.27 | 103,579 | B3N4753 |
| 0.96% | HMN | HORACE MANN EDUCATORS | -- | $5,911,958.59 | 132,229 | 2437112 |
| 0.95% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,883,241.51 | 42,359 | 2715186 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,863,181.70 | 228,495 | B15RZR4 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $5,860,437.03 | 214,119 | 2904627 |
| 0.95% | MATX | MATSON INC | -- | $5,852,071.50 | 57,970 | B8GNC91 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,845,209.39 | 81,969 | 2267171 |
| 0.95% | HY | HYSTER-YALE INC | -- | $5,833,601.10 | 162,315 | B7LG306 |
| 0.95% | BCPC | BALCHEM CORP | -- | $5,824,371.69 | 37,971 | 2072074 |
| 0.95% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,823,767.04 | 174,993 | B019FW2 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,814,227.38 | 211,966 | 2698146 |
| 0.94% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,798,652.75 | 64,251 | 2763602 |
| 0.94% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,791,784.88 | 86,072 | 2447821 |
| 0.94% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,767,003.48 | 129,946 | 2165383 |
| 0.94% | CNS | COHEN & STEERS INC | -- | $5,762,996.96 | 84,353 | B02H882 |
| 0.93% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,761,613.70 | 130,059 | 2630513 |
| 0.93% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,755,465.00 | 245,750 | 2568090 |
| 0.93% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,728,702.86 | 390,771 | BXC87C3 |
| 0.93% | GATX | GATX CORP | -- | $5,726,750.35 | 36,511 | 2362128 |
| 0.93% | UBSI | UNITED BANKSHARES INC | -- | $5,723,035.74 | 159,906 | 2905794 |
| 0.93% | POWI | POWER INTEGRATIONS INC | -- | $5,708,224.63 | 136,267 | 2133045 |
| 0.93% | WSBC | WESBANCO INC | -- | $5,705,846.30 | 189,563 | 2953782 |
| 0.92% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,699,760.96 | 199,014 | 2713395 |
| 0.92% | ASB | ASSOCIATED BANC-CORP | -- | $5,689,718.54 | 229,702 | 2055718 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,666,560.76 | 102,137 | 2222062 |
| 0.92% | STBA | S & T BANCORP INC | -- | $5,664,617.28 | 154,602 | 2781109 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,662,256.60 | 197,981 | 2679419 |
| 0.92% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,661,499.11 | 153,553 | 2965668 |
| 0.92% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,654,610.78 | 147,949 | 2927497 |
| 0.91% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,634,760.76 | 186,458 | 2492133 |
| 0.91% | OTTR | OTTER TAIL CORP | -- | $5,633,121.78 | 72,949 | 2664103 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,629,087.03 | 98,119 | 2354664 |
| 0.91% | NBTB | N B T BANCORP INC | -- | $5,623,508.85 | 138,955 | 2626459 |
| 0.91% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,620,059.16 | 142,172 | 2086558 |
| 0.91% | HTO | H2O AMERICA | -- | $5,607,350.00 | 121,240 | 2811932 |
| 0.91% | UVV | UNIVERSAL CORP/VA | -- | $5,586,963.20 | 110,240 | 2923804 |
| 0.90% | GFF | GRIFFON CORP | -- | $5,568,290.37 | 75,237 | 2463344 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,566,611.00 | 171,175 | BFZ9DB8 |
| 0.90% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,554,209.58 | 87,523 | 2888613 |
| 0.90% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,552,547.08 | 197,459 | 2485876 |
| 0.90% | BUSE | FIRST BUSEY CORP | -- | $5,544,117.28 | 247,948 | BZ1LBM5 |
| 0.90% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,540,317.68 | 234,362 | BZ16HK0 |
| 0.89% | MBWM | MERCANTILE BANK CORP | -- | $5,512,471.20 | 125,712 | 2620257 |
| 0.89% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,497,260.13 | 179,239 | BWC6PW6 |
| 0.89% | FULT | FULTON FINANCIAL CORP | -- | $5,484,838.05 | 315,765 | 2356585 |
| 0.89% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,475,227.17 | 246,743 | 2619880 |
| 0.88% | ABM | ABM INDUSTRIES INC | -- | $5,452,830.00 | 126,810 | 2024901 |
| 0.88% | WDFC | WD-40 CO | -- | $5,449,942.56 | 28,052 | 2944742 |
| 0.88% | LMAT | LEMAITRE VASCULAR INC | -- | $5,436,596.31 | 62,771 | B1G6TJ0 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,368,887.20 | 183,866 | 2862156 |
| 0.87% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,367,539.78 | 104,845 | 2706470 |
| 0.87% | HNI | HNI CORP | -- | $5,359,619.76 | 130,978 | 2435246 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,347,313.28 | 133,416 | B0PPHS6 |
| 0.86% | FRME | FIRST MERCHANTS CORP | -- | $5,294,290.12 | 149,219 | 2342410 |
| 0.86% | TR | TOOTSIE ROLL INDS | -- | $5,290,182.74 | 149,906 | 2896809 |
| 0.86% | SCL | STEPAN CO | -- | $5,290,043.85 | 122,031 | 2845005 |
| 0.85% | IOSP | INNOSPEC INC | -- | $5,252,949.78 | 71,391 | 2245597 |
| 0.85% | MGRC | MCGRATH RENTCORP | -- | $5,231,898.24 | 48,696 | 2551551 |
| 0.85% | ALG | ALAMO GROUP INC | -- | $5,226,666.40 | 29,245 | 2021634 |
| 0.84% | AVNT | AVIENT CORP | -- | $5,202,587.82 | 162,226 | BMHWY55 |
| 0.84% | MZTI | MARZETTI COMPANY/THE | -- | $5,201,351.46 | 33,174 | 2503206 |
| 0.84% | KAI | KADANT INC | -- | $5,176,585.26 | 18,711 | 2769978 |
| 0.83% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,139,121.05 | 90,081 | 2537528 |
| 0.83% | APOG | APOGEE ENTERPRISES INC | -- | $5,135,724.02 | 140,282 | 2046176 |
| 0.83% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,093,765.16 | 293,082 | 2810133 |
| 0.81% | NSP | INSPERITY INC | -- | $5,000,031.36 | 113,328 | 2007281 |
| 0.79% | LNN | LINDSAY CORP | -- | $4,845,391.92 | 43,558 | 2516613 |
| 0.77% | JJSF | J & J SNACK FOODS CORP | -- | $4,752,420.30 | 56,142 | 2469171 |
| 0.77% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,728,741.12 | 29,808 | 2363381 |
| 0.76% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,677,269.19 | 73,623 | 2125246 |
| 0.74% | SCVL | SHOE CARNIVAL INC | -- | $4,557,736.17 | 248,649 | 2805474 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,335,344.70 | 1,335,345 | -- |
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
