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 1/16/2026- NAV $70.08
- NAV Change $-0.27
- Market Price $70.05
- Market Price Change $-0.29
- Trading Volume (M) 15,265
- 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 1/16/2026- NAV $70.08
- NAV Change $-0.27
- Market Price $70.05
- Market Price Change $-0.29
- Trading Volume (M) 15,265
- 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 1/16/2026
Holdings
as of 1/16/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.21% | NSP | INSPERITY INC | -- | $7,805,735.19 | 167,541 | 2007281 |
| 1.14% | MATX | MATSON INC | -- | $7,397,830.80 | 50,580 | B8GNC91 |
| 1.08% | POWI | POWER INTEGRATIONS INC | -- | $6,985,609.92 | 161,256 | 2133045 |
| 1.07% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,908,149.44 | 43,728 | 2715186 |
| 1.06% | ALG | ALAMO GROUP INC | -- | $6,886,083.06 | 35,757 | 2021634 |
| 1.06% | MTRN | MATERION CORP | -- | $6,858,207.73 | 47,003 | 2149622 |
| 1.06% | AVNT | AVIENT CORP | -- | $6,838,917.75 | 191,835 | BMHWY55 |
| 1.05% | ANDE | ANDERSONS INC/THE | -- | $6,810,391.25 | 117,725 | 2274922 |
| 1.05% | HNI | HNI CORP | -- | $6,789,602.82 | 143,878 | 2435246 |
| 1.04% | GFF | GRIFFON CORP | -- | $6,756,473.46 | 79,666 | 2463344 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,737,459.70 | 127,290 | 2379281 |
| 1.04% | SCL | STEPAN CO | -- | $6,724,226.70 | 130,365 | 2845005 |
| 1.03% | CNS | COHEN & STEERS INC | -- | $6,665,534.68 | 94,654 | B02H882 |
| 1.03% | KAI | KADANT INC | -- | $6,641,773.60 | 20,440 | 2769978 |
| 1.02% | BCPC | BALCHEM CORP | -- | $6,601,108.80 | 39,120 | 2072074 |
| 1.02% | HTO | H2O AMERICA | -- | $6,587,704.02 | 122,882 | 2811932 |
| 1.02% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,572,063.52 | 240,207 | 2568090 |
| 1.01% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,563,539.62 | 171,193 | BFZ9DB8 |
| 1.01% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,561,166.80 | 385,045 | BXC87C3 |
| 1.00% | LAND | GLADSTONE LAND CORP | -- | $6,467,705.08 | 644,836 | B83TNY4 |
| 0.99% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,419,977.55 | 21,595 | 2943620 |
| 0.99% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,407,937.28 | 189,248 | 2862156 |
| 0.99% | UBSI | UNITED BANKSHARES INC | -- | $6,382,999.44 | 154,852 | 2905794 |
| 0.98% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,377,184.84 | 201,682 | BWC6PW6 |
| 0.98% | SCVL | SHOE CARNIVAL INC | -- | $6,370,637.00 | 335,650 | 2805474 |
| 0.98% | MBWM | MERCANTILE BANK CORP | -- | $6,352,446.08 | 126,442 | 2620257 |
| 0.98% | GTY | GETTY REALTY CORP | -- | $6,332,041.48 | 210,787 | 2698146 |
| 0.98% | WDFC | WD-40 CO | -- | $6,328,041.30 | 30,870 | 2944742 |
| 0.98% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,326,008.80 | 255,081 | BZ16HK0 |
| 0.98% | CADE | CADENCE BANK | -- | $6,323,494.50 | 142,101 | BMCS168 |
| 0.98% | NPO | ENPRO INC | -- | $6,321,746.30 | 25,978 | 2951292 |
| 0.98% | GATX | GATX CORP | -- | $6,315,549.30 | 35,190 | 2362128 |
| 0.97% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,304,270.65 | 239,615 | B15RZR4 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,297,702.95 | 71,687 | 2664103 |
| 0.97% | MGRC | MCGRATH RENTCORP | -- | $6,287,301.40 | 57,095 | 2551551 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,286,598.97 | 62,547 | 2350383 |
| 0.97% | JJSF | J & J SNACK FOODS CORP | -- | $6,284,020.70 | 64,717 | 2469171 |
| 0.97% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,283,117.89 | 130,599 | 2630513 |
| 0.97% | IOSP | INNOSPEC INC | -- | $6,265,256.58 | 78,453 | 2245597 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,253,438.00 | 82,120 | 2888613 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,220,881.52 | 192,776 | 2485876 |
| 0.96% | UTL | UNITIL CORP | -- | $6,203,413.84 | 122,986 | 2925037 |
| 0.96% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,199,684.78 | 100,351 | 2222062 |
| 0.96% | FULT | FULTON FINANCIAL CORP | -- | $6,197,160.00 | 309,858 | 2356585 |
| 0.96% | WSBC | WESBANCO INC | -- | $6,193,488.24 | 180,148 | 2953782 |
| 0.96% | MZTI | MARZETTI COMPANY/THE | -- | $6,186,384.36 | 36,804 | 2503206 |
| 0.95% | MSEX | MIDDLESEX WATER CO | -- | $6,176,308.60 | 113,410 | 2589466 |
| 0.95% | BKH | BLACK HILLS CORP | -- | $6,173,614.52 | 84,178 | 2101741 |
| 0.95% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,169,264.77 | 89,787 | B03PGL4 |
| 0.95% | LNN | LINDSAY CORP | -- | $6,160,658.79 | 49,519 | 2516613 |
| 0.95% | LMAT | LEMAITRE VASCULAR INC | -- | $6,148,005.50 | 69,650 | B1G6TJ0 |
| 0.95% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,144,181.53 | 103,073 | 2706470 |
| 0.95% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,141,111.63 | 190,777 | 2596949 |
| 0.95% | FUL | H.B. FULLER CO. | -- | $6,129,493.38 | 101,247 | 2354664 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $6,120,506.00 | 112,675 | 2923804 |
| 0.95% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,119,175.01 | 243,889 | 2619880 |
| 0.94% | AWR | AMERICAN STATES WATER CO | -- | $6,112,546.20 | 80,460 | 2267171 |
| 0.94% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,112,253.95 | 79,951 | 2447821 |
| 0.94% | AVA | AVISTA CORP | -- | $6,111,016.38 | 152,091 | 2942605 |
| 0.94% | NBTB | N B T BANCORP INC | -- | $6,108,964.14 | 140,146 | 2626459 |
| 0.94% | PII | POLARIS INC | -- | $6,105,795.60 | 87,288 | 2692933 |
| 0.94% | CSGS | CSG SYSTEMS INTL INC | -- | $6,085,022.00 | 76,445 | 2210885 |
| 0.94% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,080,263.54 | 24,323 | 2840174 |
| 0.94% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,072,407.55 | 176,165 | B9HHD96 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $6,072,248.81 | 194,561 | 2679419 |
| 0.94% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,067,045.40 | 315,335 | 2810133 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $6,059,769.52 | 123,116 | 2904133 |
| 0.93% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,052,731.58 | 62,567 | 2763602 |
| 0.93% | AMSF | AMERISAFE INC | -- | $6,047,509.28 | 158,644 | B0PPHS6 |
| 0.93% | YORW | YORK WATER CO | -- | $6,030,391.32 | 177,678 | 2425292 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,023,073.97 | 121,213 | B125XQ6 |
| 0.93% | FRME | FIRST MERCHANTS CORP | -- | $6,005,787.20 | 157,715 | 2342410 |
| 0.93% | EXPO | EXPONENT INC | -- | $5,996,530.32 | 80,404 | 2330318 |
| 0.93% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,994,525.21 | 101,037 | 2537528 |
| 0.93% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,990,853.59 | 131,177 | 2165383 |
| 0.92% | ASB | ASSOCIATED BANC-CORP | -- | $5,981,903.68 | 225,392 | 2055718 |
| 0.92% | TXNM | TXNM ENERGY INC | -- | $5,981,490.12 | 101,107 | 2707826 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,980,464.40 | 245,101 | BZ1LBM5 |
| 0.92% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,980,126.46 | 127,318 | BFNR303 |
| 0.92% | ENSG | ENSIGN GROUP INC/THE | -- | $5,972,894.46 | 33,078 | B1YWPP8 |
| 0.92% | ABM | ABM INDUSTRIES INC | -- | $5,970,291.86 | 131,911 | 2024901 |
| 0.92% | SR | SPIRE INC | -- | $5,966,760.96 | 71,424 | BYXJQG9 |
| 0.92% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,958,126.72 | 147,771 | 2927497 |
| 0.92% | MGEE | MGE ENERGY INC | -- | $5,956,165.10 | 74,845 | 2554163 |
| 0.92% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,950,624.12 | 175,742 | 2492133 |
| 0.92% | STBA | S & T BANCORP INC | -- | $5,939,994.72 | 146,739 | 2781109 |
| 0.91% | TRNO | TERRENO REALTY CORP | -- | $5,923,375.12 | 94,532 | B3N4753 |
| 0.91% | DGICA | DONEGAL GROUP INC-CL A | -- | $5,911,749.70 | 303,946 | 2752730 |
| 0.91% | CTRE | CARETRUST REIT INC | -- | $5,896,601.60 | 156,160 | BMP8TL6 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,890,867.20 | 174,080 | B7LG306 |
| 0.91% | OGS | ONE GAS INC | -- | $5,884,123.47 | 74,757 | BJ0KXV4 |
| 0.91% | HI | HILLENBRAND INC | -- | $5,883,645.28 | 184,904 | B2QGDP1 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,852,964.14 | 156,622 | 2896809 |
| 0.90% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,849,172.60 | 159,378 | B019FW2 |
| 0.90% | TRN | TRINITY INDUSTRIES INC | -- | $5,823,471.40 | 212,924 | 2904627 |
| 0.90% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,813,747.95 | 136,505 | 2086558 |
| 0.89% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,788,249.53 | 33,491 | 2363381 |
| 0.89% | APOG | APOGEE ENTERPRISES INC | -- | $5,773,143.48 | 156,369 | 2046176 |
| 0.89% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,754,663.20 | 91,460 | 2125246 |
| 0.89% | HMN | HORACE MANN EDUCATORS | -- | $5,730,774.39 | 134,937 | 2437112 |
| 0.88% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,680,638.60 | 45,591 | 2190750 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,622,138.34 | 181,711 | 2965668 |
| 0.87% | BMI | BADGER METER INC | -- | $5,611,360.80 | 32,685 | 2069128 |
| 0.83% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,374,795.23 | 188,391 | 2713395 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,278,208.99 | 1,278,209 | -- |
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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