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 1/09/2026- NAV $68.61
- NAV Change $-0.07
- Market Price $68.54
- Market Price Change $-0.08
- Trading Volume (M) 61,069
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 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 1/09/2026- NAV $68.61
- NAV Change $-0.07
- Market Price $68.54
- Market Price Change $-0.08
- Trading Volume (M) 61,069
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Distributions
as of 12/31/2025- Distribution Frequency Quarterly
- 12-Month Yield 2.67%
12-Month Yield represents the sum of the funds dividends for the lost 12 months divided by the sum of the lost month's NAV and any capitol gain distributions mode over the post 12 months.
- Distribution Details
Exposures
Index as of 9/30/2025 and Fund as of 1/09/2026
Holdings
as of 1/09/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.19% | NSP | INSPERITY INC | -- | $7,528,337.76 | 167,408 | 2007281 |
| 1.08% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,854,885.52 | 240,017 | 2568090 |
| 1.06% | POWI | POWER INTEGRATIONS INC | -- | $6,688,423.28 | 161,128 | 2133045 |
| 1.05% | ALG | ALAMO GROUP INC | -- | $6,678,107.39 | 35,729 | 2021634 |
| 1.05% | MATX | MATSON INC | -- | $6,671,280.00 | 50,540 | B8GNC91 |
| 1.05% | SCL | STEPAN CO | -- | $6,661,598.68 | 130,262 | 2845005 |
| 1.05% | FUL | H.B. FULLER CO. | -- | $6,624,415.16 | 101,167 | 2354664 |
| 1.04% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,602,163.40 | 43,694 | 2715186 |
| 1.04% | AVNT | AVIENT CORP | -- | $6,572,810.07 | 191,683 | BMHWY55 |
| 1.03% | KAI | KADANT INC | -- | $6,519,749.28 | 20,424 | 2769978 |
| 1.03% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,502,122.90 | 384,741 | BXC87C3 |
| 1.02% | MTRN | MATERION CORP | -- | $6,479,761.05 | 46,965 | 2149622 |
| 1.02% | GFF | GRIFFON CORP | -- | $6,459,783.45 | 79,603 | 2463344 |
| 1.02% | ANDE | ANDERSONS INC/THE | -- | $6,449,762.56 | 117,632 | 2274922 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,443,394.74 | 127,189 | 2379281 |
| 1.02% | CNS | COHEN & STEERS INC | -- | $6,435,155.16 | 94,579 | B02H882 |
| 1.01% | CADE | CADENCE BANK | -- | $6,413,597.96 | 141,988 | BMCS168 |
| 1.01% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,404,411.52 | 171,058 | BFZ9DB8 |
| 1.01% | HNI | HNI CORP | -- | $6,380,290.70 | 143,765 | 2435246 |
| 1.00% | SCVL | SHOE CARNIVAL INC | -- | $6,365,607.30 | 335,385 | 2805474 |
| 1.00% | HTO | H2O AMERICA | -- | $6,334,426.56 | 122,784 | 2811932 |
| 0.99% | UBSI | UNITED BANKSHARES INC | -- | $6,288,186.56 | 154,729 | 2905794 |
| 0.99% | IOSP | INNOSPEC INC | -- | $6,274,415.64 | 78,391 | 2245597 |
| 0.99% | PII | POLARIS INC | -- | $6,271,046.10 | 87,219 | 2692933 |
| 0.99% | BCPC | BALCHEM CORP | -- | $6,264,794.03 | 39,089 | 2072074 |
| 0.99% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,247,797.92 | 189,098 | 2862156 |
| 0.99% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,245,425.14 | 62,498 | 2350383 |
| 0.98% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,202,380.32 | 21,578 | 2943620 |
| 0.98% | WSBC | WESBANCO INC | -- | $6,199,406.64 | 180,006 | 2953782 |
| 0.98% | LNN | LINDSAY CORP | -- | $6,191,927.20 | 49,480 | 2516613 |
| 0.98% | GATX | GATX CORP | -- | $6,184,468.44 | 35,163 | 2362128 |
| 0.98% | MBWM | MERCANTILE BANK CORP | -- | $6,183,177.48 | 126,342 | 2620257 |
| 0.98% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,182,725.64 | 201,523 | BWC6PW6 |
| 0.97% | MGRC | MCGRATH RENTCORP | -- | $6,180,226.50 | 57,050 | 2551551 |
| 0.97% | MZTI | MARZETTI COMPANY/THE | -- | $6,175,993.50 | 36,775 | 2503206 |
| 0.97% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,144,668.16 | 100,272 | 2222062 |
| 0.97% | JJSF | J & J SNACK FOODS CORP | -- | $6,133,570.10 | 64,666 | 2469171 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,132,244.30 | 71,630 | 2664103 |
| 0.97% | FULT | FULTON FINANCIAL CORP | -- | $6,130,357.20 | 309,614 | 2356585 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,106,924.80 | 254,880 | BZ16HK0 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,088,844.64 | 192,624 | 2485876 |
| 0.96% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,081,159.80 | 315,086 | 2810133 |
| 0.96% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,081,125.86 | 62,518 | 2763602 |
| 0.96% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,076,172.75 | 82,055 | 2888613 |
| 0.96% | LAND | GLADSTONE LAND CORP | -- | $6,075,994.18 | 644,326 | B83TNY4 |
| 0.96% | CSGS | CSG SYSTEMS INTL INC | -- | $6,073,371.35 | 76,385 | 2210885 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,064,149.12 | 130,496 | 2630513 |
| 0.96% | NPO | ENPRO INC | -- | $6,054,989.39 | 25,957 | 2951292 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,043,087.00 | 239,425 | B15RZR4 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $6,042,490.62 | 112,586 | 2923804 |
| 0.95% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,031,544.00 | 79,888 | 2447821 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $6,025,249.92 | 212,756 | 2904627 |
| 0.95% | UTL | UNITIL CORP | -- | $6,017,825.36 | 122,888 | 2925037 |
| 0.95% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,010,341.74 | 303,706 | 2752730 |
| 0.95% | FRME | FIRST MERCHANTS CORP | -- | $6,005,754.90 | 157,590 | 2342410 |
| 0.95% | NBTB | N B T BANCORP INC | -- | $6,004,700.80 | 140,035 | 2626459 |
| 0.95% | HMN | HORACE MANN EDUCATORS | -- | $5,997,238.40 | 134,830 | 2437112 |
| 0.95% | PEBO | PEOPLES BANCORP INC | -- | $5,993,567.81 | 194,407 | 2679419 |
| 0.95% | EXPO | EXPONENT INC | -- | $5,992,635.19 | 80,341 | 2330318 |
| 0.94% | FISI | FINANCIAL INSTITUTIONS INC | -- | $5,987,562.66 | 190,626 | 2596949 |
| 0.94% | TXNM | TXNM ENERGY INC | -- | $5,955,541.65 | 101,027 | 2707826 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $5,954,658.16 | 225,214 | 2055718 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,954,255.67 | 210,621 | 2698146 |
| 0.94% | BKH | BLACK HILLS CORP | -- | $5,948,329.92 | 84,111 | 2101741 |
| 0.94% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,943,610.61 | 102,991 | 2706470 |
| 0.94% | TCBK | TRICO BANCSHARES | -- | $5,936,848.68 | 123,018 | 2904133 |
| 0.94% | AMSF | AMERISAFE INC | -- | $5,934,913.92 | 158,518 | B0PPHS6 |
| 0.93% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,922,153.16 | 89,716 | B03PGL4 |
| 0.93% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,917,308.25 | 91,387 | 2125246 |
| 0.93% | AVA | AVISTA CORP | -- | $5,916,231.03 | 151,971 | 2942605 |
| 0.93% | LMAT | LEMAITRE VASCULAR INC | -- | $5,915,575.00 | 69,595 | B1G6TJ0 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,915,354.28 | 121,117 | B125XQ6 |
| 0.93% | BUSE | FIRST BUSEY CORP | -- | $5,894,911.49 | 244,907 | BZ1LBM5 |
| 0.93% | ABM | ABM INDUSTRIES INC | -- | $5,890,454.83 | 131,807 | 2024901 |
| 0.93% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,889,829.96 | 176,026 | B9HHD96 |
| 0.93% | AWR | AMERICAN STATES WATER CO | -- | $5,885,060.40 | 80,397 | 2267171 |
| 0.93% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,880,384.48 | 243,696 | 2619880 |
| 0.93% | HI | HILLENBRAND INC | -- | $5,873,425.03 | 184,757 | B2QGDP1 |
| 0.93% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $5,867,248.04 | 127,217 | BFNR303 |
| 0.93% | MGEE | MGE ENERGY INC | -- | $5,865,465.98 | 74,786 | 2554163 |
| 0.93% | SR | SPIRE INC | -- | $5,864,940.06 | 71,367 | BYXJQG9 |
| 0.92% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,862,223.52 | 33,464 | 2363381 |
| 0.92% | WDFC | WD-40 CO | -- | $5,860,740.00 | 30,846 | 2944742 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,858,644.00 | 113,320 | 2589466 |
| 0.92% | STBA | S & T BANCORP INC | -- | $5,853,190.16 | 146,623 | 2781109 |
| 0.92% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,830,856.46 | 147,654 | 2927497 |
| 0.92% | CTRE | CARETRUST REIT INC | -- | $5,824,861.21 | 156,037 | BMP8TL6 |
| 0.91% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,800,167.09 | 175,603 | 2492133 |
| 0.91% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,767,168.63 | 100,957 | 2537528 |
| 0.91% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,766,367.04 | 24,304 | 2840174 |
| 0.91% | OGS | ONE GAS INC | -- | $5,752,492.98 | 74,698 | BJ0KXV4 |
| 0.91% | ENSG | ENSIGN GROUP INC/THE | -- | $5,746,751.24 | 33,052 | B1YWPP8 |
| 0.91% | TR | TOOTSIE ROLL INDS | -- | $5,743,476.60 | 156,498 | 2896809 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,716,137.14 | 131,074 | 2165383 |
| 0.90% | BMI | BADGER METER INC | -- | $5,702,587.99 | 32,659 | 2069128 |
| 0.90% | HY | HYSTER-YALE INC | -- | $5,701,851.54 | 173,943 | B7LG306 |
| 0.90% | YORW | YORK WATER CO | -- | $5,700,713.07 | 177,537 | 2425292 |
| 0.90% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,699,629.08 | 159,252 | B019FW2 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,699,388.13 | 181,567 | 2965668 |
| 0.89% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,665,972.92 | 136,398 | 2086558 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,617,357.79 | 94,457 | B3N4753 |
| 0.88% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,598,709.50 | 45,555 | 2190750 |
| 0.87% | APOG | APOGEE ENTERPRISES INC | -- | $5,523,296.10 | 156,246 | 2046176 |
| 0.84% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,293,365.04 | 188,242 | 2713395 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,636,556.07 | 1,636,556 | -- |
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
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
Is the Small-Cap Slumber Over?
Rate Cuts and a Brighter Earnings Outlook Offer Reasons for Optimism
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