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 12/26/2025- NAV $67.30
- NAV Change $-0.13
- Market Price $67.28
- Market Price Change $-0.15
- Trading Volume (M) 5,894
- 30-Day Median Bid Ask Spread 0.09%
- 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 12/26/2025- NAV $67.30
- NAV Change $-0.13
- Market Price $67.28
- Market Price Change $-0.15
- Trading Volume (M) 5,894
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/26/2025
Holdings
as of 12/26/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.04% | NSP | INSPERITY INC | -- | $6,499,430.70 | 168,510 | 2007281 |
| 1.04% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,489,214.84 | 241,594 | 2568090 |
| 1.02% | MATX | MATSON INC | -- | $6,360,901.25 | 50,875 | B8GNC91 |
| 1.01% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,357,309.00 | 43,980 | 2715186 |
| 1.01% | WDFC | WD-40 CO | -- | $6,334,519.41 | 31,047 | 2944742 |
| 1.01% | GRC | GORMAN-RUPP CO | -- | $6,318,280.50 | 128,030 | 2379281 |
| 1.01% | ANDE | ANDERSONS INC/THE | -- | $6,315,722.70 | 118,405 | 2274922 |
| 1.01% | HMN | HORACE MANN EDUCATORS | -- | $6,310,933.50 | 135,719 | 2437112 |
| 1.00% | ALG | ALAMO GROUP INC | -- | $6,271,206.12 | 35,967 | 2021634 |
| 1.00% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,267,534.00 | 172,185 | BFZ9DB8 |
| 1.00% | CADE | CADENCE BANK | -- | $6,267,305.10 | 142,926 | BMCS168 |
| 1.00% | FULT | FULTON FINANCIAL CORP | -- | $6,254,895.78 | 311,654 | 2356585 |
| 1.00% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,241,598.73 | 62,913 | 2350383 |
| 0.99% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,229,108.34 | 62,933 | 2763602 |
| 0.99% | MGRC | MCGRATH RENTCORP | -- | $6,205,095.40 | 57,428 | 2551551 |
| 0.99% | MBWM | MERCANTILE BANK CORP | -- | $6,196,063.44 | 127,177 | 2620257 |
| 0.99% | BCPC | BALCHEM CORP | -- | $6,195,263.70 | 39,345 | 2072074 |
| 0.99% | FUL | H.B. FULLER CO. | -- | $6,192,343.11 | 101,831 | 2354664 |
| 0.99% | IOSP | INNOSPEC INC | -- | $6,186,465.60 | 78,909 | 2245597 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,185,963.16 | 181,194 | 2953782 |
| 0.99% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,177,036.25 | 387,275 | BXC87C3 |
| 0.99% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,173,558.68 | 21,718 | 2943620 |
| 0.99% | SCL | STEPAN CO | -- | $6,171,865.47 | 131,121 | 2845005 |
| 0.98% | UBSI | UNITED BANKSHARES INC | -- | $6,151,967.00 | 155,746 | 2905794 |
| 0.98% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,150,744.36 | 305,703 | 2752730 |
| 0.98% | AMSF | AMERISAFE INC | -- | $6,147,808.27 | 159,559 | B0PPHS6 |
| 0.98% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,142,271.80 | 190,340 | 2862156 |
| 0.98% | MZTI | MARZETTI COMPANY/THE | -- | $6,139,601.15 | 37,019 | 2503206 |
| 0.98% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,138,273.19 | 191,881 | 2596949 |
| 0.98% | GATX | GATX CORP | -- | $6,130,594.74 | 35,394 | 2362128 |
| 0.98% | AVNT | AVIENT CORP | -- | $6,129,830.88 | 192,944 | BMHWY55 |
| 0.98% | HNI | HNI CORP | -- | $6,125,531.97 | 144,709 | 2435246 |
| 0.98% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,121,263.67 | 82,597 | 2888613 |
| 0.98% | CNS | COHEN & STEERS INC | -- | $6,111,840.00 | 95,200 | B02H882 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,102,216.12 | 317,163 | 2810133 |
| 0.97% | SCVL | SHOE CARNIVAL INC | -- | $6,096,983.76 | 337,596 | 2805474 |
| 0.97% | MTRN | MATERION CORP | -- | $6,093,876.40 | 47,276 | 2149622 |
| 0.97% | FRME | FIRST MERCHANTS CORP | -- | $6,068,992.50 | 158,625 | 2342410 |
| 0.97% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,061,032.66 | 193,891 | 2485876 |
| 0.97% | GFF | GRIFFON CORP | -- | $6,054,396.12 | 80,127 | 2463344 |
| 0.97% | POWI | POWER INTEGRATIONS INC | -- | $6,049,612.40 | 162,188 | 2133045 |
| 0.97% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,048,897.75 | 131,355 | 2630513 |
| 0.96% | UTL | UNITIL CORP | -- | $6,042,647.30 | 123,698 | 2925037 |
| 0.96% | KAI | KADANT INC | -- | $6,042,407.36 | 20,558 | 2769978 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,038,061.99 | 80,411 | 2447821 |
| 0.96% | HTO | H2O AMERICA | -- | $6,035,095.02 | 123,594 | 2811932 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,023,436.35 | 113,329 | 2923804 |
| 0.96% | NBTB | N B T BANCORP INC | -- | $6,020,145.34 | 140,954 | 2626459 |
| 0.96% | BUSE | FIRST BUSEY CORP | -- | $6,015,112.40 | 246,521 | BZ1LBM5 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,011,224.23 | 256,561 | BZ16HK0 |
| 0.96% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,998,236.72 | 128,058 | BFNR303 |
| 0.96% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,997,511.65 | 245,297 | 2619880 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $5,991,633.72 | 101,691 | 2707826 |
| 0.96% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,988,842.59 | 103,667 | 2706470 |
| 0.95% | TCBK | TRICO BANCSHARES | -- | $5,982,130.68 | 123,828 | 2904133 |
| 0.95% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,981,763.97 | 33,683 | 2363381 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,975,838.36 | 226,701 | 2055718 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,974,439.58 | 241,002 | B15RZR4 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $5,974,293.58 | 195,686 | 2679419 |
| 0.95% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,970,233.75 | 101,621 | 2537528 |
| 0.95% | APOG | APOGEE ENTERPRISES INC | -- | $5,970,159.00 | 157,275 | 2046176 |
| 0.95% | SR | SPIRE INC | -- | $5,960,232.92 | 71,836 | BYXJQG9 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,958,848.16 | 100,929 | 2222062 |
| 0.95% | STBA | S & T BANCORP INC | -- | $5,952,385.36 | 147,592 | 2781109 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,943,841.56 | 72,099 | 2664103 |
| 0.95% | BMI | BADGER METER INC | -- | $5,941,614.00 | 32,872 | 2069128 |
| 0.95% | LNN | LINDSAY CORP | -- | $5,925,776.73 | 49,809 | 2516613 |
| 0.94% | CSGS | CSG SYSTEMS INTL INC | -- | $5,920,607.00 | 76,891 | 2210885 |
| 0.94% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,914,957.00 | 91,990 | 2125246 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $5,910,908.08 | 80,927 | 2267171 |
| 0.94% | TR | TOOTSIE ROLL INDS | -- | $5,902,536.69 | 157,527 | 2896809 |
| 0.94% | MGEE | MGE ENERGY INC | -- | $5,898,109.65 | 75,279 | 2554163 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $5,889,317.50 | 214,157 | 2904627 |
| 0.94% | HI | HILLENBRAND INC | -- | $5,887,968.50 | 185,975 | B2QGDP1 |
| 0.94% | AVA | AVISTA CORP | -- | $5,886,285.60 | 152,970 | 2942605 |
| 0.94% | ENSG | ENSIGN GROUP INC/THE | -- | $5,870,511.68 | 33,272 | B1YWPP8 |
| 0.94% | LMAT | LEMAITRE VASCULAR INC | -- | $5,868,956.56 | 70,052 | B1G6TJ0 |
| 0.94% | MSEX | MIDDLESEX WATER CO | -- | $5,868,901.50 | 114,070 | 2589466 |
| 0.94% | BKH | BLACK HILLS CORP | -- | $5,868,131.15 | 84,665 | 2101741 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,854,291.20 | 176,760 | 2492133 |
| 0.93% | NPO | ENPRO INC | -- | $5,849,835.30 | 26,127 | 2951292 |
| 0.93% | JJSF | J & J SNACK FOODS CORP | -- | $5,849,167.12 | 65,092 | 2469171 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,847,235.80 | 212,010 | 2698146 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,845,578.57 | 148,629 | 2927497 |
| 0.93% | OGS | ONE GAS INC | -- | $5,839,410.72 | 75,192 | BJ0KXV4 |
| 0.93% | PII | POLARIS INC | -- | $5,816,153.75 | 87,791 | 2692933 |
| 0.93% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,807,493.90 | 137,293 | 2086558 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,806,740.10 | 90,307 | B03PGL4 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,799,496.55 | 121,915 | B125XQ6 |
| 0.93% | YORW | YORK WATER CO | -- | $5,797,222.64 | 178,706 | 2425292 |
| 0.92% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,781,633.45 | 199,711 | BWC6PW6 |
| 0.92% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,773,809.76 | 45,853 | 2190750 |
| 0.92% | EXPO | EXPONENT INC | -- | $5,770,145.85 | 80,871 | 2330318 |
| 0.92% | CTRE | CARETRUST REIT INC | -- | $5,761,217.56 | 157,067 | BMP8TL6 |
| 0.92% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,761,146.06 | 160,299 | B019FW2 |
| 0.92% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,753,132.01 | 177,183 | B9HHD96 |
| 0.91% | TRNO | TERRENO REALTY CORP | -- | $5,731,301.84 | 95,078 | B3N4753 |
| 0.91% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,727,471.99 | 131,939 | 2165383 |
| 0.91% | LAND | GLADSTONE LAND CORP | -- | $5,713,901.70 | 648,570 | B83TNY4 |
| 0.91% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,707,288.20 | 189,485 | 2713395 |
| 0.91% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,689,349.93 | 182,761 | 2965668 |
| 0.90% | ABM | ABM INDUSTRIES INC | -- | $5,661,370.26 | 132,678 | 2024901 |
| 0.90% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,612,561.28 | 24,462 | 2840174 |
| 0.87% | HY | HYSTER-YALE INC | -- | $5,427,728.00 | 175,088 | B7LG306 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,905,687.71 | 1,905,688 | -- |
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
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