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 9/30/2025
| 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% | -- |
| 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 11/04/2025- NAV $65.16
- NAV Change $-0.10
- Market Price $65.16
- Market Price Change $-0.04
- Trading Volume (M) 18,488
- 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 9/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.48
- 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 $2.66 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 11/04/2025- NAV $65.16
- NAV Change $-0.10
- Market Price $65.16
- Market Price Change $-0.04
- Trading Volume (M) 18,488
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/04/2025
Holdings
as of 11/04/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | CSGS | CSG SYSTEMS INTL INC | -- | $7,379,548.20 | 94,428 | 2210885 |
| 1.19% | HI | HILLENBRAND INC | -- | $7,364,902.16 | 233,288 | B2QGDP1 |
| 1.16% | SR | SPIRE INC | -- | $7,162,536.15 | 81,015 | BYXJQG9 |
| 1.11% | ANDE | ANDERSONS INC/THE | -- | $6,859,583.64 | 147,804 | 2274922 |
| 1.11% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,834,542.88 | 146,256 | BFNR303 |
| 1.10% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,774,495.28 | 142,952 | B125XQ6 |
| 1.09% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,701,188.77 | 29,259 | 2840174 |
| 1.07% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $6,630,123.24 | 165,919 | B06RWD1 |
| 1.07% | BKH | BLACK HILLS CORP | -- | $6,624,648.54 | 102,517 | 2101741 |
| 1.07% | PII | POLARIS INC | -- | $6,620,938.36 | 103,436 | 2692933 |
| 1.07% | OGS | ONE GAS INC | -- | $6,592,418.01 | 80,523 | BJ0KXV4 |
| 1.05% | ALE | ALLETE INC | -- | $6,474,404.30 | 96,145 | B02R1L6 |
| 1.05% | ENSG | ENSIGN GROUP INC/THE | -- | $6,470,760.58 | 35,171 | B1YWPP8 |
| 1.05% | UTL | UNITIL CORP | -- | $6,450,544.04 | 132,346 | 2925037 |
| 1.04% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,425,760.00 | 105,600 | B03PGL4 |
| 1.04% | AVA | AVISTA CORP | -- | $6,421,185.85 | 165,965 | 2942605 |
| 1.04% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,415,475.40 | 48,735 | 2190750 |
| 1.04% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,411,207.96 | 222,921 | 2596949 |
| 1.04% | YORW | YORK WATER CO | -- | $6,391,486.31 | 197,329 | 2425292 |
| 1.03% | CTRE | CARETRUST REIT INC | -- | $6,380,640.05 | 180,295 | BMP8TL6 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,323,320.08 | 141,588 | 2379281 |
| 1.01% | LAND | GLADSTONE LAND CORP | -- | $6,208,009.50 | 681,450 | B83TNY4 |
| 1.00% | MSEX | MIDDLESEX WATER CO | -- | $6,199,464.32 | 112,964 | 2589466 |
| 1.00% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,182,609.28 | 217,086 | B9HHD96 |
| 1.00% | EXPO | EXPONENT INC | -- | $6,143,686.20 | 85,686 | 2330318 |
| 0.99% | NPO | ENPRO INC | -- | $6,132,978.00 | 27,900 | 2951292 |
| 0.99% | BMI | BADGER METER INC | -- | $6,128,603.00 | 33,475 | 2069128 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,128,332.55 | 107,609 | 2707826 |
| 0.99% | AWR | AMERICAN STATES WATER CO | -- | $6,113,248.02 | 81,969 | 2267171 |
| 0.99% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,111,360.38 | 129,946 | 2165383 |
| 0.99% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,109,487.65 | 324,455 | 2752730 |
| 0.98% | MTRN | MATERION CORP | -- | $6,060,694.00 | 54,356 | 2149622 |
| 0.98% | CADE | CADENCE BANK | -- | $6,031,557.84 | 162,008 | BMCS168 |
| 0.98% | TCBK | TRICO BANCSHARES | -- | $6,021,528.00 | 135,620 | 2904133 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $6,013,954.45 | 72,205 | 2554163 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $5,998,259.89 | 103,579 | B3N4753 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,996,757.39 | 21,831 | 2943620 |
| 0.97% | HMN | HORACE MANN EDUCATORS | -- | $5,982,039.96 | 132,229 | 2437112 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $5,981,818.00 | 72,949 | 2664103 |
| 0.96% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,897,455.95 | 228,495 | B15RZR4 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,870,507.37 | 62,699 | 2350383 |
| 0.95% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,864,085.36 | 86,072 | 2447821 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,841,700.92 | 64,251 | 2763602 |
| 0.95% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,833,146.15 | 130,059 | 2630513 |
| 0.94% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,819,658.70 | 153,553 | 2965668 |
| 0.94% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,804,517.81 | 174,993 | B019FW2 |
| 0.94% | BCPC | BALCHEM CORP | -- | $5,770,073.16 | 37,971 | 2072074 |
| 0.93% | HTO | H2O AMERICA | -- | $5,762,537.20 | 121,240 | 2811932 |
| 0.93% | UBSI | UNITED BANKSHARES INC | -- | $5,756,616.00 | 159,906 | 2905794 |
| 0.93% | ASB | ASSOCIATED BANC-CORP | -- | $5,754,035.10 | 229,702 | 2055718 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,752,757.24 | 211,966 | 2698146 |
| 0.93% | STBA | S & T BANCORP INC | -- | $5,749,648.38 | 154,602 | 2781109 |
| 0.93% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,745,534.18 | 199,014 | 2713395 |
| 0.93% | MZTI | MARZETTI COMPANY/THE | -- | $5,743,414.62 | 33,174 | 2503206 |
| 0.93% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,740,425.99 | 390,771 | BXC87C3 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,712,310.89 | 147,949 | 2927497 |
| 0.92% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,701,248.22 | 87,523 | 2888613 |
| 0.92% | WSBC | WESBANCO INC | -- | $5,698,263.78 | 189,563 | 2953782 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,688,009.53 | 102,137 | 2222062 |
| 0.92% | MATX | MATSON INC | -- | $5,685,117.90 | 57,970 | B8GNC91 |
| 0.92% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,676,825.00 | 245,750 | 2568090 |
| 0.92% | UVV | UNIVERSAL CORP/VA | -- | $5,666,336.00 | 110,240 | 2923804 |
| 0.92% | CNS | COHEN & STEERS INC | -- | $5,664,303.95 | 84,353 | B02H882 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,659,637.15 | 138,955 | 2626459 |
| 0.91% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,640,354.50 | 186,458 | 2492133 |
| 0.91% | PEBO | PEOPLES BANCORP INC | -- | $5,624,640.21 | 197,981 | 2679419 |
| 0.91% | BUSE | FIRST BUSEY CORP | -- | $5,618,501.68 | 247,948 | BZ1LBM5 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,613,387.99 | 98,119 | 2354664 |
| 0.91% | HY | HYSTER-YALE INC | -- | $5,609,606.40 | 162,315 | B7LG306 |
| 0.91% | TRN | TRINITY INDUSTRIES INC | -- | $5,590,647.09 | 214,119 | 2904627 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,584,846.46 | 234,362 | BZ16HK0 |
| 0.90% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,580,191.34 | 197,459 | 2485876 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,567,508.84 | 149,906 | 2896809 |
| 0.90% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,566,033.80 | 142,172 | 2086558 |
| 0.90% | GFF | GRIFFON CORP | -- | $5,557,757.19 | 75,237 | 2463344 |
| 0.90% | GATX | GATX CORP | -- | $5,553,688.21 | 36,511 | 2362128 |
| 0.90% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,545,654.66 | 179,239 | BWC6PW6 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,540,934.75 | 171,175 | BFZ9DB8 |
| 0.90% | MBWM | MERCANTILE BANK CORP | -- | $5,540,127.84 | 125,712 | 2620257 |
| 0.90% | WDFC | WD-40 CO | -- | $5,539,147.92 | 28,052 | 2944742 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,508,364.36 | 42,359 | 2715186 |
| 0.89% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,490,031.75 | 246,743 | 2619880 |
| 0.89% | LMAT | LEMAITRE VASCULAR INC | -- | $5,477,397.46 | 62,771 | B1G6TJ0 |
| 0.89% | FULT | FULTON FINANCIAL CORP | -- | $5,472,207.45 | 315,765 | 2356585 |
| 0.88% | ABM | ABM INDUSTRIES INC | -- | $5,456,634.30 | 126,810 | 2024901 |
| 0.88% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,434,116.35 | 104,845 | 2706470 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,363,371.22 | 183,866 | 2862156 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,355,318.24 | 133,416 | B0PPHS6 |
| 0.86% | FRME | FIRST MERCHANTS CORP | -- | $5,322,641.73 | 149,219 | 2342410 |
| 0.86% | POWI | POWER INTEGRATIONS INC | -- | $5,308,962.32 | 136,267 | 2133045 |
| 0.85% | HNI | HNI CORP | -- | $5,267,935.16 | 130,978 | 2435246 |
| 0.85% | MGRC | MCGRATH RENTCORP | -- | $5,242,611.36 | 48,696 | 2551551 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,174,252.64 | 90,081 | 2537528 |
| 0.84% | SCL | STEPAN CO | -- | $5,163,131.61 | 122,031 | 2845005 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,158,713.66 | 71,391 | 2245597 |
| 0.83% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,128,935.00 | 293,082 | 2810133 |
| 0.83% | KAI | KADANT INC | -- | $5,118,019.83 | 18,711 | 2769978 |
| 0.83% | ALG | ALAMO GROUP INC | -- | $5,111,733.55 | 29,245 | 2021634 |
| 0.82% | AVNT | AVIENT CORP | -- | $5,076,051.54 | 162,226 | BMHWY55 |
| 0.80% | APOG | APOGEE ENTERPRISES INC | -- | $4,947,746.14 | 140,282 | 2046176 |
| 0.80% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,932,627.84 | 29,808 | 2363381 |
| 0.79% | LNN | LINDSAY CORP | -- | $4,891,127.82 | 43,558 | 2516613 |
| 0.77% | JJSF | J & J SNACK FOODS CORP | -- | $4,741,753.32 | 56,142 | 2469171 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,520,452.20 | 73,623 | 2125246 |
| 0.69% | SCVL | SHOE CARNIVAL INC | -- | $4,227,033.00 | 248,649 | 2805474 |
| 0.68% | NSP | INSPERITY INC | -- | $4,196,535.84 | 113,328 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,558,235.45 | 1,558,235 | -- |
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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