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 12/12/2025- NAV $68.60
- NAV Change $-0.13
- Market Price $68.61
- Market Price Change $-0.06
- Trading Volume (M) 10,129
- 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 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 12/12/2025- NAV $68.60
- NAV Change $-0.13
- Market Price $68.61
- Market Price Change $-0.06
- Trading Volume (M) 10,129
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/12/2025
Holdings
as of 12/12/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.23% | ANDE | ANDERSONS INC/THE | -- | $7,910,182.88 | 146,512 | 2274922 |
| 1.15% | BKH | BLACK HILLS CORP | -- | $7,380,951.12 | 101,624 | 2101741 |
| 1.15% | HI | HILLENBRAND INC | -- | $7,379,219.41 | 231,251 | B2QGDP1 |
| 1.12% | CSGS | CSG SYSTEMS INTL INC | -- | $7,218,267.10 | 93,610 | 2210885 |
| 1.12% | FISI | FINANCIAL INSTITUTIONS INC | -- | $7,168,396.56 | 220,974 | 2596949 |
| 1.10% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,080,145.80 | 215,202 | B9HHD96 |
| 1.10% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,032,603.94 | 104,683 | B03PGL4 |
| 1.09% | CADE | CADENCE BANK | -- | $6,986,511.46 | 160,591 | BMCS168 |
| 1.09% | PII | POLARIS INC | -- | $6,975,388.02 | 102,534 | 2692933 |
| 1.08% | GRC | GORMAN-RUPP CO | -- | $6,958,800.90 | 140,355 | 2379281 |
| 1.07% | MTRN | MATERION CORP | -- | $6,888,119.55 | 53,885 | 2149622 |
| 1.07% | MATX | MATSON INC | -- | $6,860,865.74 | 57,466 | B8GNC91 |
| 1.06% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,820,598.56 | 141,712 | B125XQ6 |
| 1.06% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,782,257.96 | 144,982 | BFNR303 |
| 1.05% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,752,535.66 | 29,002 | 2840174 |
| 1.04% | SR | SPIRE INC | -- | $6,690,876.03 | 80,313 | BYXJQG9 |
| 1.03% | TCBK | TRICO BANCSHARES | -- | $6,631,777.21 | 134,437 | 2904133 |
| 1.02% | WSBC | WESBANCO INC | -- | $6,571,072.82 | 187,906 | 2953782 |
| 1.02% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,560,711.04 | 173,472 | B019FW2 |
| 1.02% | YORW | YORK WATER CO | -- | $6,548,922.36 | 195,607 | 2425292 |
| 1.02% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,548,244.28 | 321,623 | 2752730 |
| 1.02% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,543,037.42 | 85,318 | 2447821 |
| 1.01% | CTRE | CARETRUST REIT INC | -- | $6,485,821.38 | 178,722 | BMP8TL6 |
| 1.01% | STBA | S & T BANCORP INC | -- | $6,465,701.88 | 153,252 | 2781109 |
| 1.01% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,462,840.65 | 243,605 | 2568090 |
| 1.00% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,443,417.82 | 184,837 | 2492133 |
| 1.00% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,431,667.06 | 86,762 | 2888613 |
| 1.00% | UTL | UNITIL CORP | -- | $6,428,653.00 | 131,197 | 2925037 |
| 0.99% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,374,431.83 | 63,687 | 2763602 |
| 0.99% | AVA | AVISTA CORP | -- | $6,343,736.96 | 164,516 | 2942605 |
| 0.98% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,299,615.70 | 140,931 | 2086558 |
| 0.98% | TXNM | TXNM ENERGY INC | -- | $6,273,556.75 | 106,675 | 2707826 |
| 0.98% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,261,626.63 | 195,737 | 2485876 |
| 0.97% | EXPO | EXPONENT INC | -- | $6,254,205.83 | 84,941 | 2330318 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $6,244,815.14 | 102,677 | B3N4753 |
| 0.97% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,236,242.07 | 197,287 | 2713395 |
| 0.97% | FULT | FULTON FINANCIAL CORP | -- | $6,222,817.72 | 313,019 | 2356585 |
| 0.97% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,219,028.55 | 169,687 | BFZ9DB8 |
| 0.97% | UBSI | UNITED BANKSHARES INC | -- | $6,210,735.24 | 158,518 | 2905794 |
| 0.97% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,205,248.30 | 244,590 | 2619880 |
| 0.97% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,202,124.53 | 146,657 | 2927497 |
| 0.96% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,193,546.24 | 103,936 | 2706470 |
| 0.96% | BUSE | FIRST BUSEY CORP | -- | $6,186,458.79 | 245,787 | BZ1LBM5 |
| 0.96% | MBWM | MERCANTILE BANK CORP | -- | $6,176,216.76 | 124,621 | 2620257 |
| 0.96% | ASB | ASSOCIATED BANC-CORP | -- | $6,170,670.00 | 227,700 | 2055718 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $6,166,520.62 | 196,261 | 2679419 |
| 0.96% | OGS | ONE GAS INC | -- | $6,140,475.67 | 79,819 | BJ0KXV4 |
| 0.96% | BMI | BADGER METER INC | -- | $6,132,772.80 | 33,186 | 2069128 |
| 0.95% | ENSG | ENSIGN GROUP INC/THE | -- | $6,123,515.58 | 34,866 | B1YWPP8 |
| 0.95% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,119,692.81 | 48,314 | 2190750 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $6,078,462.66 | 72,311 | 2664103 |
| 0.95% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,078,217.59 | 101,253 | 2222062 |
| 0.95% | GATX | GATX CORP | -- | $6,074,748.36 | 36,198 | 2362128 |
| 0.94% | NBTB | N B T BANCORP INC | -- | $6,065,044.44 | 137,748 | 2626459 |
| 0.94% | LAND | GLADSTONE LAND CORP | -- | $6,059,396.46 | 675,518 | B83TNY4 |
| 0.94% | NPO | ENPRO INC | -- | $6,051,673.58 | 27,661 | 2951292 |
| 0.94% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,039,940.40 | 21,640 | 2943620 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $6,009,029.10 | 81,258 | 2267171 |
| 0.94% | TRN | TRINITY INDUSTRIES INC | -- | $6,008,995.67 | 212,257 | 2904627 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $5,998,220.80 | 131,080 | 2437112 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,994,780.66 | 210,122 | 2698146 |
| 0.93% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,969,795.65 | 62,153 | 2350383 |
| 0.93% | MSEX | MIDDLESEX WATER CO | -- | $5,940,485.95 | 111,979 | 2589466 |
| 0.92% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,926,776.30 | 387,371 | BXC87C3 |
| 0.92% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,906,054.25 | 128,925 | 2630513 |
| 0.92% | UVV | UNIVERSAL CORP/VA | -- | $5,896,748.80 | 109,280 | 2923804 |
| 0.92% | HTO | H2O AMERICA | -- | $5,894,829.00 | 120,180 | 2811932 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,873,954.13 | 97,267 | 2354664 |
| 0.91% | BCPC | BALCHEM CORP | -- | $5,871,243.18 | 37,641 | 2072074 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,863,161.04 | 125,711 | 2024901 |
| 0.91% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,857,836.40 | 182,260 | 2862156 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,835,634.14 | 41,986 | 2715186 |
| 0.90% | SCL | STEPAN CO | -- | $5,805,494.27 | 120,973 | 2845005 |
| 0.90% | GFF | GRIFFON CORP | -- | $5,745,951.36 | 74,584 | 2463344 |
| 0.89% | FRME | FIRST MERCHANTS CORP | -- | $5,742,254.40 | 147,920 | 2342410 |
| 0.89% | MGEE | MGE ENERGY INC | -- | $5,739,679.44 | 71,576 | 2554163 |
| 0.89% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,689,626.04 | 128,812 | 2165383 |
| 0.88% | WDFC | WD-40 CO | -- | $5,672,303.05 | 27,802 | 2944742 |
| 0.88% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,660,235.00 | 226,500 | B15RZR4 |
| 0.88% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,641,463.36 | 290,535 | 2810133 |
| 0.87% | TR | TOOTSIE ROLL INDS | -- | $5,575,396.96 | 148,598 | 2896809 |
| 0.87% | APOG | APOGEE ENTERPRISES INC | -- | $5,560,849.44 | 139,056 | 2046176 |
| 0.86% | IOSP | INNOSPEC INC | -- | $5,533,662.68 | 70,772 | 2245597 |
| 0.86% | MZTI | MARZETTI COMPANY/THE | -- | $5,489,654.96 | 32,884 | 2503206 |
| 0.84% | KAI | KADANT INC | -- | $5,419,219.90 | 18,545 | 2769978 |
| 0.84% | HNI | HNI CORP | -- | $5,406,371.04 | 129,836 | 2435246 |
| 0.84% | HY | HYSTER-YALE INC | -- | $5,399,770.44 | 160,899 | B7LG306 |
| 0.83% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,357,206.96 | 232,316 | BZ16HK0 |
| 0.83% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,338,158.39 | 29,553 | 2363381 |
| 0.83% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,323,767.90 | 89,295 | 2537528 |
| 0.82% | LNN | LINDSAY CORP | -- | $5,282,705.95 | 43,177 | 2516613 |
| 0.81% | CNS | COHEN & STEERS INC | -- | $5,229,344.64 | 83,616 | B02H882 |
| 0.81% | LMAT | LEMAITRE VASCULAR INC | -- | $5,226,900.00 | 62,225 | B1G6TJ0 |
| 0.81% | JJSF | J & J SNACK FOODS CORP | -- | $5,218,119.04 | 55,654 | 2469171 |
| 0.81% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,181,936.12 | 177,707 | BWC6PW6 |
| 0.81% | AMSF | AMERISAFE INC | -- | $5,181,907.62 | 132,259 | B0PPHS6 |
| 0.80% | MGRC | MCGRATH RENTCORP | -- | $5,154,321.75 | 48,275 | 2551551 |
| 0.80% | ALG | ALAMO GROUP INC | -- | $5,141,021.80 | 28,988 | 2021634 |
| 0.78% | AVNT | AVIENT CORP | -- | $4,978,677.60 | 160,810 | BMHWY55 |
| 0.77% | POWI | POWER INTEGRATIONS INC | -- | $4,926,549.95 | 135,085 | 2133045 |
| 0.74% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,741,965.39 | 72,987 | 2125246 |
| 0.73% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $4,709,470.22 | 152,213 | 2965668 |
| 0.72% | SCVL | SHOE CARNIVAL INC | -- | $4,619,016.46 | 246,479 | 2805474 |
| 0.68% | NSP | INSPERITY INC | -- | $4,342,095.60 | 112,344 | 2007281 |
| 0.60% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,827,216.90 | 164,470 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $9,081,557.08 | 9,081,557 | -- |
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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