SMDV

Russell 2000 Dividend Growers ETF

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Why SMDV?

  • The only ETF focusing exclusively on the best dividend growers in the Russell 2000—quality companies that have not just paid dividends but grown them for at least 10 consecutive years.

  • As a group, SMDV's holdings generally have had stable earnings, solid fundamentals, and strong histories of profit and growth.

  • SMDV's strategy has a demonstrated history of weathering market turbulence over time by capturing a significant portion of the gains of rising markets and fewer of the losses in falling markets.

Performance

Growth of $10,000

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

Fund + Index 1m 3m 6m YTD 1Y 3Y 5Y 10Y Since Inception Inception Date
SMDV Market Price 1.98% -5.99% -12.93% -4.40% 4.13% 3.89% 8.03% 7.34% 7.03% 02/03/2015
SMDV NAV 1.96% -6.00% -12.74% -4.28% 4.24% 3.88% 8.05% 7.39% 7.04% 02/03/2015
Russell 2000 Dividend Growth Index 2.00% -5.92% -12.60% -4.13% 4.63% 4.26% 8.47% 7.84% 7.49% --

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 5/31/2025
  • Number of Companies
    98
  • Price/Earnings Ratio
    16.16
  • Price/Book Ratio
    1.56

    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
    $2.73 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 6/16/2025
  • NAV
    $63.99
  • NAV Change
    $+0.09 up caret
  • Market Price
    $63.93
  • Market Price Change
    $+0.09 up caret
  • Trading Volume (M)
    12,403
  • 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 5/31/2025
  • Number of Companies
    98
  • Price/Earnings Ratio
    16.16
  • Price/Book Ratio
    1.56

    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
    $2.73 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 6/16/2025
  • NAV
    $63.99
  • NAV Change
    $+0.09 up caret
  • Market Price
    $63.93
  • Market Price Change
    $+0.09 up caret
  • Trading Volume (M)
    12,403
  • 30-Day Median Bid Ask Spread
    0.08%
  • View Premium / Discount

Exposures

Index as of 3/31/2025 and Fund as of 6/16/2025

Holdings

as of 6/16/2025

Weight Ticker Description Exposure Value
(Notional + GL)
Market Value Shares/Contracts SEDOL Number
1.29% ODC OIL-DRI CORP OF AMERICA -- $8,289,041.73 146,217 2657794
1.28% TXNM TXNM ENERGY INC -- $8,238,175.96 145,628 2707826
1.28% ALG ALAMO GROUP INC -- $8,206,974.32 37,897 2021634
1.27% ENSG ENSIGN GROUP INC/THE -- $8,148,305.18 53,386 B1YWPP8
1.25% JOUT JOHNSON OUTDOORS INC-A -- $8,060,384.04 255,804 2476847
1.24% BMI BADGER METER INC -- $7,990,029.00 32,820 2069128
1.21% WTS WATTS WATER TECHNOLOGIES-A -- $7,804,431.88 32,354 2943620
1.21% PLOW DOUGLAS DYNAMICS INC -- $7,800,112.46 270,321 B3N5WD9
1.18% UVV UNIVERSAL CORP/VA -- $7,612,001.82 126,909 2923804
1.18% CTRE CARETRUST REIT INC -- $7,563,648.90 269,169 BMP8TL6
1.17% NPO ENPRO INC -- $7,524,585.52 39,371 2951292
1.13% HNI HNI CORP -- $7,294,866.15 154,585 2435246
1.11% LNN LINDSAY CORP -- $7,146,421.80 52,710 2516613
1.10% ASB ASSOCIATED BANC-CORP -- $7,056,710.08 307,348 2055718
1.09% HMN HORACE MANN EDUCATORS -- $7,027,880.25 166,735 2437112
1.09% LMAT LEMAITRE VASCULAR INC -- $7,021,274.10 85,521 B1G6TJ0
1.09% MGRC MCGRATH RENTCORP -- $6,988,873.66 62,162 2551551
1.08% AIT APPLIED INDUSTRIAL TECH INC -- $6,958,854.88 30,248 2086309
1.08% CSGS CSG SYSTEMS INTL INC -- $6,958,242.96 108,536 2210885
1.08% UBSI UNITED BANKSHARES INC -- $6,934,246.08 198,348 2905794
1.08% WDFC WD-40 CO -- $6,921,722.43 28,341 2944742
1.08% INDB INDEPENDENT BANK CORP/MA -- $6,917,477.39 110,309 2447821
1.08% CADE CADENCE BANK -- $6,914,871.78 229,121 BMCS168
1.07% BUSE FIRST BUSEY CORP -- $6,902,554.31 308,563 BZ1LBM5
1.07% GATX GATX CORP -- $6,892,674.60 44,962 2362128
1.07% ALE ALLETE INC -- $6,890,204.30 106,610 B02R1L6
1.05% UHT UNIVERSAL HEALTH RLTY INCOME -- $6,770,647.98 165,582 2927497
1.05% GFF GRIFFON CORP -- $6,761,429.50 98,707 2463344
1.05% AWR AMERICAN STATES WATER CO -- $6,757,496.41 87,521 2267171
1.04% PFBC PREFERRED BANK/LOS ANGELES -- $6,703,980.36 82,929 2763602
1.04% OGS ONE GAS INC -- $6,689,683.00 93,236 BJ0KXV4
1.04% CWT CALIFORNIA WATER SERVICE GRP -- $6,688,322.88 145,272 2165383
1.03% IBCP INDEPENDENT BANK CORP - MICH -- $6,650,388.39 219,993 2492133
1.03% FUL H.B. FULLER CO. -- $6,640,319.00 121,975 2354664
1.03% PEBO PEOPLES BANCORP INC -- $6,625,317.30 228,066 2679419
1.03% MBWM MERCANTILE BANK CORP -- $6,614,444.16 152,688 2620257
1.03% HFWA HERITAGE FINANCIAL CORP -- $6,611,974.40 291,020 2619880
1.03% GABC GERMAN AMERICAN BANCORP -- $6,609,098.70 178,866 2502151
1.03% NWN NORTHWEST NATURAL HOLDING CO -- $6,596,313.75 165,945 BFNR303
1.02% UCB UNITED COMMUNITY BANKS/GA -- $6,556,332.60 234,994 2862156
1.02% SBSI SOUTHSIDE BANCSHARES INC -- $6,554,247.92 234,751 2485876
1.02% SR SPIRE INC -- $6,552,542.28 90,957 BYXJQG9
1.02% HTO H2O AMERICA -- $6,549,222.40 125,440 2811932
1.02% OTTR OTTER TAIL CORP -- $6,535,329.48 85,698 2664103
1.02% GRC GORMAN-RUPP CO -- $6,527,798.33 181,681 2379281
1.01% ORRF ORRSTOWN FINL SERVICES INC -- $6,525,525.02 218,318 B019FW2
1.01% UTL UNITIL CORP -- $6,524,903.70 125,118 2925037
1.01% BKH BLACK HILLS CORP -- $6,512,614.83 115,821 2101741
1.01% MWA MUELLER WATER PRODUCTS INC-A -- $6,511,069.44 277,776 B15RZR4
1.01% SCL STEPAN CO -- $6,501,548.16 118,296 2845005
1.01% FULT FULTON FINANCIAL CORP -- $6,496,943.42 378,169 2356585
1.01% AVA AVISTA CORP -- $6,474,547.68 175,272 2942605
1.00% NJR NEW JERSEY RESOURCES CORP -- $6,463,006.44 145,596 2630513
1.00% YORW YORK WATER CO -- $6,461,988.22 201,811 2425292
1.00% WSBC WESBANCO INC -- $6,448,196.16 213,234 2953782
1.00% TMP TOMPKINS FINANCIAL CORP -- $6,448,066.56 105,984 2888613
1.00% STBA S & T BANCORP INC -- $6,423,084.00 178,419 2781109
1.00% CBU COMMUNITY FINANCIAL SYSTEM I -- $6,415,354.94 116,834 2222062
1.00% AUB ATLANTIC UNION BANKSHARES CO -- $6,404,146.00 209,972 BFZ9DB8
0.99% FIBK FIRST INTERSTATE BANCSYS-A -- $6,366,983.60 240,445 B4RGHN0
0.99% GTY GETTY REALTY CORP -- $6,356,661.64 222,028 2698146
0.99% CPK CHESAPEAKE UTILITIES CORP -- $6,351,444.69 53,369 2190750
0.99% HASI HA SUSTAINABLE INFRASTRUCTUR -- $6,350,967.81 232,551 B9HHD96
0.99% NWE NORTHWESTERN ENERGY GROUP IN -- $6,338,803.00 123,950 B03PGL4
0.99% BCPC BALCHEM CORP -- $6,336,800.00 39,605 2072074
0.98% NBTB N B T BANCORP INC -- $6,333,654.44 156,929 2626459
0.98% POR PORTLAND GENERAL ELECTRIC CO -- $6,288,249.66 156,191 B125XQ6
0.98% POWI POWER INTEGRATIONS INC -- $6,283,689.67 110,843 2133045
0.98% WASH WASHINGTON TRUST BANCORP -- $6,271,554.24 231,252 2942025
0.97% MTRN MATERION CORP -- $6,243,298.16 78,394 2149622
0.97% MATW MATTHEWS INTL CORP-CLASS A -- $6,225,704.58 282,858 2568090
0.97% HY HYSTER-YALE INC -- $6,220,529.86 156,334 B7LG306
0.96% AMSF AMERISAFE INC -- $6,195,291.52 139,408 B0PPHS6
0.96% SPTN SPARTANNASH CO -- $6,178,557.56 343,444 BN40158
0.96% SFNC SIMMONS FIRST NATL CORP-CL A -- $6,173,036.16 338,434 2810133
0.96% EXPO EXPONENT INC -- $6,167,067.69 81,349 2330318
0.95% TRN TRINITY INDUSTRIES INC -- $6,132,615.72 233,268 2904627
0.95% LANC LANCASTER COLONY CORP -- $6,094,649.60 36,140 2503206
0.94% MSEX MIDDLESEX WATER CO -- $6,029,617.70 108,310 2589466
0.94% ANDE ANDERSONS INC/THE -- $6,025,824.90 161,334 2274922
0.94% FRME FIRST MERCHANTS CORP -- $6,013,379.40 168,442 2342410
0.93% CNS COHEN & STEERS INC -- $6,001,689.20 79,598 B02H882
0.92% KAI KADANT INC -- $5,927,471.80 18,506 2769978
0.92% TRNO TERRENO REALTY CORP -- $5,927,081.10 101,735 B3N4753
0.92% ABR ARBOR REALTY TRUST INC -- $5,905,576.44 568,938 B00N2S0
0.91% FELE FRANKLIN ELECTRIC CO INC -- $5,862,087.55 67,715 2350383
0.91% MATX MATSON INC -- $5,835,027.33 52,159 B8GNC91
0.91% KWR QUAKER CHEMICAL CORPORATION -- $5,826,361.58 50,102 2715186
0.91% SXI STANDEX INTERNATIONAL CORP -- $5,825,175.75 37,305 2840174
0.90% AVNT AVIENT CORP -- $5,814,832.03 166,471 BMHWY55
0.90% NXRT NEXPOINT RESIDENTIAL -- $5,762,328.26 173,251 BWC6PW6
0.89% ABM ABM INDUSTRIES INC -- $5,713,773.34 127,369 2024901
0.88% JJSF J & J SNACK FOODS CORP -- $5,691,696.00 50,280 2469171
0.87% APOG APOGEE ENTERPRISES INC -- $5,592,712.47 145,303 2046176
0.87% WLY WILEY (JOHN) & SONS-CLASS A -- $5,580,606.15 150,705 2965668
0.81% HI HILLENBRAND INC -- $5,188,649.55 252,735 B2QGDP1
0.72% NSP INSPERITY INC -- $4,649,501.52 77,004 2007281
0.71% CCOI COGENT COMMUNICATIONS HOLDIN -- $4,559,323.63 97,193 B06RWD1
-- -- NET OTHER ASSETS (LIABILITIES) -- $1,818,206.91 1,818,207 --

Index

as of 3/31/2025

  • Total Number of Companies99
  • Price/Earnings Ratio17.778
  • Price/Book Ratio1.628
  • Dividend Yield ( % )3.26
  • Avg. Index Market Capitalization$2.73 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

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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For the total return table above, since inception returns are cumulative for funds less than one year old; otherwise, returns are annualized. Market returns are based on the composite closing price and do not represent the returns you would receive if you traded shares at other times. The listing date is typically one or more days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the listing date.

The expense ratio for certain funds includes a contractual fee waiver that results in a lower net expense ratio for some or all periods shown. For information about this ETF’s fees, please see above.

Holdings are subject to change.

Registered Investment Companies are required by the IRS to distribute substantially all of their income and capital gains to shareholders at least annually. For specific tax advice, we recommend you speak with a qualified tax professional.

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.

Index information does not reflect any management fees, transaction costs or expenses. Indexes are unmanaged, and one cannot invest directly in an index.

There is no guarantee that capital gain distributions will not be made in the future. There is no guarantee that dividends or interest income will be paid.

There is no guarantee any ProShares ETF will achieve its investment objective.

Shares of any ETF are generally bought and sold at market price (not NAV) and are not individually redeemed from the fund. Your brokerage commissions will reduce returns.

Investing involves risk, including the possible loss of principal. This ProShares ETF is subject to certain risks, including the risk that the fund may not track the performance of the index and that the fund’s market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.

Investments in smaller companies typically exhibit higher volatility. Small- and mid-cap companies may have limited product lines or resources, may be dependent upon a particular market niche and may have greater fluctuations in price than the stocks of larger companies. Small- and mid-cap companies may lack the financial and personnel resources to handle economic or industry-wide setbacks and, as a result, such setbacks could have a greater effect on small- and mid-cap security prices.

Star rating is © 2025 Morningstar, Inc. All Rights Reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating," is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. Star ratings are calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. SMDV was rated against the following numbers of U.S.-domiciled Small Value funds for the following time periods: 477 for the last three years, 445 for the last five years, and 358 for the last 10 years ending 04/30/25. With respect to these Small Value funds, SMDV received a Morningstar Rating of 4 stars for the three-year period, 1 star for the five-year period, and 5 stars for the ten-year period. Past performance is no guarantee of future results. 

Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.

The "Russell 2000® Dividend Growth Index" and "Russell®" are trademarks of Russell Investment Group ("Russell") and have been licensed for use by ProShares. ProShares have not been passed on by Russell as to their legality or suitability. ProShares based on the Russell 2000 Dividend Growth Index are not sponsored, endorsed, sold, or promoted by Russell, and it makes no representation regarding the advisability of investing in ProShares. THIS ENTITY AND ITS AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.

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