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 12/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.41% | 0.00% | 3.03% | 0.34% | 0.34% | 5.36% | 5.59% | 7.51% | 7.11% | 02/03/2015 |
| SMDV Market Price | -0.37% | -0.03% | 3.07% | 0.27% | 0.27% | 5.38% | 5.55% | 7.52% | 7.11% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.38% | 0.09% | 3.23% | 0.72% | 0.72% | 5.75% | 5.99% | 7.97% | 7.56% | -- |
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
- Options Available Yes
Characteristics
as of 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/27/2026- NAV $69.93
- NAV Change $-0.04
- Market Price $69.94
- Market Price Change $-0.04
- Trading Volume (M) 12,739
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
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
- Options Available Yes
Characteristics
as of 12/31/2025- Number of Companies 104
- Price/Earnings Ratio 17.88
- Price/Book Ratio 1.61
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 $2.67 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 1/27/2026- NAV $69.93
- NAV Change $-0.04
- Market Price $69.94
- Market Price Change $-0.04
- Trading Volume (M) 12,739
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.90%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the last 12 months divided by the sum of the last month's NAV and any capital gain distributions made over the past 12 months.
- Distribution Details
Exposures
Index as of 12/31/2025 and Fund as of 1/27/2026
Holdings
as of 1/27/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.24% | MATX | MATSON INC | -- | $8,008,137.72 | 50,391 | B8GNC91 |
| 1.15% | NSP | INSPERITY INC | -- | $7,402,857.65 | 166,919 | 2007281 |
| 1.15% | POWI | POWER INTEGRATIONS INC | -- | $7,377,461.28 | 160,659 | 2133045 |
| 1.13% | SCL | STEPAN CO | -- | $7,291,519.34 | 129,881 | 2845005 |
| 1.11% | ANDE | ANDERSONS INC/THE | -- | $7,111,232.07 | 117,289 | 2274922 |
| 1.09% | AVNT | AVIENT CORP | -- | $7,016,162.04 | 191,124 | BMHWY55 |
| 1.07% | ALG | ALAMO GROUP INC | -- | $6,886,994.59 | 35,623 | 2021634 |
| 1.06% | HNI | HNI CORP | -- | $6,797,467.32 | 143,346 | 2435246 |
| 1.05% | WDFC | WD-40 CO | -- | $6,747,009.31 | 30,757 | 2944742 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,716,175.36 | 126,816 | 2379281 |
| 1.04% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,706,340.56 | 170,558 | BFZ9DB8 |
| 1.02% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,548,325.12 | 383,616 | BXC87C3 |
| 1.02% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,546,377.42 | 43,567 | 2715186 |
| 1.02% | GFF | GRIFFON CORP | -- | $6,538,582.98 | 79,371 | 2463344 |
| 1.01% | KAI | KADANT INC | -- | $6,515,258.16 | 20,364 | 2769978 |
| 1.01% | MGRC | MCGRATH RENTCORP | -- | $6,503,887.88 | 56,882 | 2551551 |
| 1.01% | BCPC | BALCHEM CORP | -- | $6,473,913.60 | 38,976 | 2072074 |
| 1.00% | GATX | GATX CORP | -- | $6,441,223.20 | 35,060 | 2362128 |
| 1.00% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,431,251.50 | 238,725 | B15RZR4 |
| 1.00% | HTO | H2O AMERICA | -- | $6,413,845.75 | 122,425 | 2811932 |
| 1.00% | UBSI | UNITED BANKSHARES INC | -- | $6,413,378.03 | 154,279 | 2905794 |
| 1.00% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,412,517.48 | 188,548 | 2862156 |
| 1.00% | MBWM | MERCANTILE BANK CORP | -- | $6,406,885.06 | 125,971 | 2620257 |
| 1.00% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,403,807.08 | 21,516 | 2943620 |
| 0.99% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,367,828.10 | 130,115 | 2630513 |
| 0.99% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,349,234.23 | 314,163 | 2810133 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,336,634.80 | 79,656 | 2447821 |
| 0.98% | WSBC | WESBANCO INC | -- | $6,321,215.16 | 179,478 | 2953782 |
| 0.98% | MTRN | MATERION CORP | -- | $6,304,921.92 | 46,828 | 2149622 |
| 0.98% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,301,181.12 | 102,692 | 2706470 |
| 0.98% | FULT | FULTON FINANCIAL CORP | -- | $6,291,448.66 | 308,707 | 2356585 |
| 0.98% | SCVL | SHOE CARNIVAL INC | -- | $6,286,776.40 | 334,403 | 2805474 |
| 0.98% | LAND | GLADSTONE LAND CORP | -- | $6,283,072.98 | 642,441 | B83TNY4 |
| 0.97% | UVV | UNIVERSAL CORP/VA | -- | $6,265,007.36 | 112,256 | 2923804 |
| 0.97% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,256,889.50 | 242,986 | 2619880 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,241,655.97 | 71,423 | 2664103 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,224,445.57 | 62,313 | 2350383 |
| 0.97% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,219,874.82 | 239,318 | 2568090 |
| 0.97% | IOSP | INNOSPEC INC | -- | $6,216,144.33 | 78,161 | 2245597 |
| 0.97% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,213,205.70 | 192,062 | 2485876 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,210,500.74 | 81,814 | 2888613 |
| 0.96% | AVA | AVISTA CORP | -- | $6,206,586.88 | 151,528 | 2942605 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $6,197,064.80 | 193,840 | 2679419 |
| 0.96% | GTY | GETTY REALTY CORP | -- | $6,184,617.80 | 210,004 | 2698146 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,180,514.56 | 254,133 | BZ16HK0 |
| 0.96% | BKH | BLACK HILLS CORP | -- | $6,174,141.30 | 83,865 | 2101741 |
| 0.96% | NPO | ENPRO INC | -- | $6,166,645.32 | 25,882 | 2951292 |
| 0.96% | STBA | S & T BANCORP INC | -- | $6,156,187.23 | 146,193 | 2781109 |
| 0.96% | LNN | LINDSAY CORP | -- | $6,147,878.46 | 49,333 | 2516613 |
| 0.96% | MZTI | MARZETTI COMPANY/THE | -- | $6,146,688.24 | 36,666 | 2503206 |
| 0.96% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,144,770.80 | 99,980 | 2222062 |
| 0.95% | CNS | COHEN & STEERS INC | -- | $6,138,247.36 | 94,304 | B02H882 |
| 0.95% | UTL | UNITIL CORP | -- | $6,126,450.00 | 122,529 | 2925037 |
| 0.95% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,124,055.40 | 190,070 | 2596949 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,117,609.66 | 175,089 | 2492133 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $6,116,984.55 | 244,191 | BZ1LBM5 |
| 0.95% | CADE | CADENCE BANK | -- | $6,108,831.80 | 141,572 | BMCS168 |
| 0.95% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,091,285.72 | 120,763 | B125XQ6 |
| 0.95% | CSGS | CSG SYSTEMS INTL INC | -- | $6,085,945.60 | 76,160 | 2210885 |
| 0.94% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,078,586.25 | 200,945 | BWC6PW6 |
| 0.94% | JJSF | J & J SNACK FOODS CORP | -- | $6,074,378.17 | 64,477 | 2469171 |
| 0.94% | NBTB | N B T BANCORP INC | -- | $6,062,647.76 | 139,628 | 2626459 |
| 0.94% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,049,280.00 | 136,000 | 2086558 |
| 0.94% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,041,793.26 | 100,663 | 2537528 |
| 0.94% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,034,136.94 | 175,513 | B9HHD96 |
| 0.94% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,032,777.76 | 89,454 | B03PGL4 |
| 0.94% | SR | SPIRE INC | -- | $6,032,233.20 | 71,160 | BYXJQG9 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $6,017,650.54 | 122,659 | 2904133 |
| 0.93% | ASB | ASSOCIATED BANC-CORP | -- | $6,006,819.50 | 224,554 | 2055718 |
| 0.93% | FRME | FIRST MERCHANTS CORP | -- | $6,000,832.89 | 157,131 | 2342410 |
| 0.93% | APOG | APOGEE ENTERPRISES INC | -- | $5,996,318.61 | 155,789 | 2046176 |
| 0.93% | FUL | H.B. FULLER CO. | -- | $5,989,838.74 | 100,873 | 2354664 |
| 0.93% | EXPO | EXPONENT INC | -- | $5,981,440.35 | 80,105 | 2330318 |
| 0.93% | TXNM | TXNM ENERGY INC | -- | $5,969,437.58 | 100,733 | 2707826 |
| 0.93% | ABM | ABM INDUSTRIES INC | -- | $5,965,153.80 | 131,420 | 2024901 |
| 0.93% | TRN | TRINITY INDUSTRIES INC | -- | $5,952,480.04 | 212,134 | 2904627 |
| 0.92% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,948,983.60 | 126,844 | BFNR303 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,945,375.94 | 112,987 | 2589466 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,939,268.72 | 24,234 | 2840174 |
| 0.92% | LMAT | LEMAITRE VASCULAR INC | -- | $5,921,304.69 | 69,393 | B1G6TJ0 |
| 0.92% | YORW | YORK WATER CO | -- | $5,919,515.36 | 177,019 | 2425292 |
| 0.92% | MGEE | MGE ENERGY INC | -- | $5,899,741.04 | 74,567 | 2554163 |
| 0.92% | OGS | ONE GAS INC | -- | $5,897,247.22 | 74,479 | BJ0KXV4 |
| 0.91% | HI | HILLENBRAND INC | -- | $5,876,522.30 | 184,217 | B2QGDP1 |
| 0.91% | AWR | AMERICAN STATES WATER CO | -- | $5,868,586.81 | 80,161 | 2267171 |
| 0.91% | TR | TOOTSIE ROLL INDS | -- | $5,848,454.16 | 156,042 | 2896809 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,820,888.06 | 130,689 | 2165383 |
| 0.90% | AMSF | AMERISAFE INC | -- | $5,805,433.61 | 158,057 | B0PPHS6 |
| 0.90% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,798,245.95 | 45,423 | 2190750 |
| 0.90% | TRNO | TERRENO REALTY CORP | -- | $5,793,134.82 | 94,182 | B3N4753 |
| 0.90% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,768,820.63 | 33,367 | 2363381 |
| 0.90% | HMN | HORACE MANN EDUCATORS | -- | $5,767,261.50 | 134,435 | 2437112 |
| 0.89% | PII | POLARIS INC | -- | $5,755,343.70 | 86,965 | 2692933 |
| 0.89% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,747,507.84 | 147,221 | 2927497 |
| 0.89% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,725,859.22 | 158,787 | B019FW2 |
| 0.88% | ENSG | ENSIGN GROUP INC/THE | -- | $5,667,758.46 | 32,954 | B1YWPP8 |
| 0.87% | CTRE | CARETRUST REIT INC | -- | $5,622,625.06 | 155,579 | BMP8TL6 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,599,505.34 | 181,038 | 2965668 |
| 0.87% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,584,744.80 | 91,120 | 2125246 |
| 0.86% | HY | HYSTER-YALE INC | -- | $5,537,747.62 | 173,434 | B7LG306 |
| 0.86% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,502,221.23 | 302,819 | 2752730 |
| 0.85% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,476,794.20 | 187,690 | 2713395 |
| 0.83% | BMI | BADGER METER INC | -- | $5,354,011.65 | 32,565 | 2069128 |
| 0.82% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,266,515.17 | 62,333 | 2763602 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,014,118.47 | 1,014,118 | -- |
Index
as of 12/31/2025
- Total Number of Companies104
- Price/Earnings Ratio18.48
- Price/Book Ratio1.61
- Dividend Yield ( % )3.26
- Avg. Index Market Capitalization$2.67 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
2026
- 2026
- 2025
- 2024
- 2023
- 2022
- 2021
- 2020
- 2019
- 2018
- 2017
| 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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Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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