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 7/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 0.33% | 6.64% | 10.82% | 18.13% | 22.23% | 10.42% | 7.01% | 7.41% | 8.29% | 02/03/2015 |
| SMDV Market Price | 0.23% | 6.59% | 10.72% | 18.09% | 22.36% | 10.42% | 7.00% | 7.39% | 8.29% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 0.37% | 6.76% | 11.07% | 18.45% | 22.76% | 10.84% | 7.42% | 7.86% | 8.75% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | 6.66% | 12.40% | 17.74% | 17.74% | 21.31% | 12.21% | 6.68% | 7.54% | 8.33% | 02/03/2015 |
| SMDV Market Price | 6.71% | 12.59% | 17.82% | 17.82% | 21.44% | 12.25% | 6.67% | 7.54% | 8.33% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | 6.73% | 12.54% | 18.02% | 18.02% | 21.83% | 12.64% | 7.09% | 8.00% | 8.79% | -- |
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
- Net Assets $722,032,189
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/11/2026- NAV
- NAV Change
- Market Price $78.27
- Market Price Change $+0.32
- Trading Volume (M) 300,895
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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
- Net Assets $722,032,189
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 7/31/2026- Number of Companies 100
- Price/Earnings Ratio 18.54
- Price/Book Ratio 1.71
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 $2.97 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 8/11/2026- NAV
- NAV Change
- Market Price $78.27
- Market Price Change $+0.32
- Trading Volume (M) 300,895
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 7/31/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.28%
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 6/30/2026 and Fund as of 8/11/2026
Holdings
as of 8/11/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.42% | HNI | HNI CORP | -- | $10,423,613.36 | 210,493 | 2435246 |
| 1.23% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $9,020,629.84 | 38,438 | 2363381 |
| 1.18% | AVNT | AVIENT CORP | -- | $8,680,041.12 | 190,896 | BMHWY55 |
| 1.17% | GIC | GLOBAL INDUSTRIAL CO | -- | $8,648,461.05 | 219,783 | BNBY595 |
| 1.16% | SCL | STEPAN CO | -- | $8,532,413.35 | 131,167 | 2845005 |
| 1.14% | EXPO | EXPONENT INC | -- | $8,415,867.15 | 123,129 | 2330318 |
| 1.13% | KWR | QUAKER CHEMICAL CORPORATION | -- | $8,304,543.70 | 48,593 | 2715186 |
| 1.12% | PRGO | PERRIGO CO PLC | -- | $8,218,731.50 | 639,590 | BGH1M56 |
| 1.11% | KAI | KADANT INC | -- | $8,173,714.47 | 24,159 | 2769978 |
| 1.11% | WSBC | WESBANCO INC | -- | $8,163,427.48 | 193,492 | 2953782 |
| 1.10% | CASS | CASS INFORMATION SYSTEMS INC | -- | $8,106,664.90 | 141,010 | 2086558 |
| 1.09% | JJSF | J & J SNACK FOODS CORP | -- | $8,015,224.00 | 88,900 | 2469171 |
| 1.08% | CRAI | CRA INTERNATIONAL INC | -- | $7,965,237.11 | 47,207 | 2240622 |
| 1.08% | MTRN | MATERION CORP | -- | $7,957,872.00 | 28,340 | 2149622 |
| 1.08% | AWR | AMERICAN STATES WATER CO | -- | $7,938,214.74 | 90,681 | 2267171 |
| 1.07% | PEBO | PEOPLES BANCORP INC | -- | $7,908,420.74 | 193,171 | 2679419 |
| 1.07% | MSBI | MIDLAND STATES BANCORP INC | -- | $7,846,821.45 | 235,287 | B6VRG58 |
| 1.06% | GFF | GRIFFON CORP | -- | $7,809,082.75 | 73,153 | 2463344 |
| 1.06% | ALRS | ALERUS FINANCIAL CORP | -- | $7,804,762.24 | 233,396 | 2679141 |
| 1.06% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $7,766,128.59 | 99,451 | 2706470 |
| 1.05% | MSEX | MIDDLESEX WATER CO | -- | $7,744,945.76 | 132,892 | 2589466 |
| 1.05% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $7,741,272.46 | 156,137 | 2965668 |
| 1.05% | NBTB | N B T BANCORP INC | -- | $7,736,413.40 | 146,246 | 2626459 |
| 1.05% | CNS | COHEN & STEERS INC | -- | $7,731,817.17 | 91,707 | B02H882 |
| 1.05% | HOMB | HOME BANCSHARES INC | -- | $7,704,972.72 | 250,324 | B17MTL9 |
| 1.04% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $7,683,275.46 | 153,727 | 2165383 |
| 1.04% | ASB | ASSOCIATED BANC-CORP | -- | $7,674,472.40 | 240,730 | 2055718 |
| 1.04% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,671,854.32 | 186,754 | B9HHD96 |
| 1.04% | HTO | H2O AMERICA | -- | $7,665,733.80 | 123,085 | 2811932 |
| 1.04% | ALG | ALAMO GROUP INC | -- | $7,663,761.00 | 45,150 | 2021634 |
| 1.04% | YORW | YORK WATER CO | -- | $7,631,357.50 | 234,811 | 2425292 |
| 1.04% | IOSP | INNOSPEC INC | -- | $7,630,082.09 | 81,197 | 2245597 |
| 1.04% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $7,621,669.22 | 178,118 | B019FW2 |
| 1.03% | CPK | CHESAPEAKE UTILITIES CORP | -- | $7,612,652.88 | 56,998 | 2190750 |
| 1.03% | BUSE | FIRST BUSEY CORP | -- | $7,610,652.84 | 244,873 | BZ1LBM5 |
| 1.03% | STBA | S & T BANCORP INC | -- | $7,585,278.10 | 147,890 | 2781109 |
| 1.03% | APOG | APOGEE ENTERPRISES INC | -- | $7,584,136.56 | 175,032 | 2046176 |
| 1.03% | BHB | BAR HARBOR BANKSHARES | -- | $7,580,898.87 | 190,427 | 2618111 |
| 1.03% | TMP | TOMPKINS FINANCIAL CORP | -- | $7,576,294.10 | 76,451 | 2888613 |
| 1.03% | BCPC | BALCHEM CORP | -- | $7,547,956.65 | 42,165 | 2072074 |
| 1.02% | UBSI | UNITED BANKSHARES INC | -- | $7,517,112.00 | 154,992 | 2905794 |
| 1.02% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,510,917.96 | 22,932 | 2840174 |
| 1.02% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $7,500,516.00 | 197,382 | 2492133 |
| 1.02% | HMN | HORACE MANN EDUCATORS | -- | $7,473,441.30 | 143,005 | 2437112 |
| 1.01% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $7,445,923.80 | 314,174 | 2810133 |
| 1.01% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $7,439,264.25 | 176,495 | BFZ9DB8 |
| 1.01% | OTTR | OTTER TAIL CORP | -- | $7,426,058.48 | 78,766 | 2664103 |
| 1.00% | SR | SPIRE INC | -- | $7,384,386.90 | 89,562 | BYXJQG9 |
| 1.00% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $7,370,603.64 | 69,039 | 2763602 |
| 1.00% | MGEE | MGE ENERGY INC | -- | $7,366,049.76 | 90,894 | 2554163 |
| 1.00% | FULT | FULTON FINANCIAL CORP | -- | $7,356,479.70 | 303,110 | 2356585 |
| 1.00% | FELE | FRANKLIN ELECTRIC CO INC | -- | $7,356,307.54 | 68,234 | 2350383 |
| 1.00% | UCB | UNITED COMMUNITY BANKS/GA | -- | $7,351,924.06 | 203,429 | 2862156 |
| 1.00% | MGRC | MCGRATH RENTCORP | -- | $7,338,141.28 | 60,706 | 2551551 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $7,337,673.36 | 189,702 | BMP8TL6 |
| 1.00% | MZTI | MARZETTI COMPANY/THE | -- | $7,325,623.80 | 63,690 | 2503206 |
| 0.99% | UTL | UNITIL CORP | -- | $7,314,333.10 | 136,030 | 2925037 |
| 0.99% | OGS | ONE GAS INC | -- | $7,293,111.20 | 91,622 | BJ0KXV4 |
| 0.99% | ABM | ABM INDUSTRIES INC | -- | $7,291,728.40 | 151,030 | 2024901 |
| 0.99% | WAFD | WAFD INC | -- | $7,255,568.10 | 190,635 | 2941981 |
| 0.99% | WDFC | WD-40 CO | -- | $7,251,119.66 | 31,106 | 2944742 |
| 0.98% | BMI | BADGER METER INC | -- | $7,247,211.52 | 53,414 | 2069128 |
| 0.98% | FRME | FIRST MERCHANTS CORP | -- | $7,235,486.44 | 169,172 | 2342410 |
| 0.98% | EIG | EMPLOYERS HOLDINGS INC | -- | $7,234,450.72 | 150,217 | B1Q1RR9 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $7,228,097.60 | 85,237 | 2447821 |
| 0.98% | GATX | GATX CORP | -- | $7,187,628.80 | 40,480 | 2362128 |
| 0.97% | MATX | MATSON INC | -- | $7,161,913.17 | 35,037 | B8GNC91 |
| 0.97% | HFWA | HERITAGE FINANCIAL CORP | -- | $7,143,247.94 | 241,898 | 2619880 |
| 0.97% | TRNO | TERRENO REALTY CORP | -- | $7,138,835.58 | 104,583 | B3N4753 |
| 0.97% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $7,134,802.86 | 272,113 | B15RZR4 |
| 0.97% | BKH | BLACK HILLS CORP | -- | $7,115,304.24 | 97,124 | 2101741 |
| 0.97% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $7,108,767.00 | 141,468 | BFNR303 |
| 0.96% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,090,999.20 | 100,368 | B03PGL4 |
| 0.96% | LKFN | LAKELAND FINANCIAL CORP | -- | $7,089,589.02 | 114,607 | 2537528 |
| 0.96% | PII | POLARIS INC | -- | $7,041,872.21 | 100,469 | 2692933 |
| 0.95% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,004,858.84 | 127,966 | 2630513 |
| 0.95% | NPO | ENPRO INC | -- | $7,002,356.90 | 20,810 | 2951292 |
| 0.95% | TXNM | TXNM ENERGY INC | -- | $6,992,278.48 | 122,008 | 2707826 |
| 0.95% | LNN | LINDSAY CORP | -- | $6,990,357.09 | 60,791 | 2516613 |
| 0.95% | GRC | GORMAN-RUPP CO | -- | $6,969,013.83 | 84,177 | 2379281 |
| 0.94% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,887,312.63 | 280,771 | BZ16HK0 |
| 0.92% | HY | HYSTER-YALE INC | -- | $6,805,855.14 | 197,214 | B7LG306 |
| 0.92% | FUL | H.B. FULLER CO. | -- | $6,799,418.45 | 109,615 | 2354664 |
| 0.92% | GTY | GETTY REALTY CORP | -- | $6,782,547.80 | 209,986 | 2698146 |
| 0.92% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,740,291.49 | 139,291 | B125XQ6 |
| 0.91% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $6,670,316.28 | 82,748 | 2125246 |
| 0.87% | AVA | AVISTA CORP | -- | $6,377,420.07 | 165,949 | 2942605 |
| 0.87% | ODC | OIL-DRI CORP OF AMERICA | -- | $6,376,474.56 | 72,924 | 2657794 |
| 0.86% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,337,738.50 | 269,691 | 2568090 |
| 0.86% | GOLF | ACUSHNET HOLDINGS CORP | -- | $6,335,659.96 | 70,108 | BD3WG50 |
| 0.86% | ANDE | ANDERSONS INC/THE | -- | $6,326,093.10 | 98,691 | 2274922 |
| 0.86% | SHOE | SHOE STATION GROUP INC | -- | $6,303,558.72 | 399,972 | 2805474 |
| 0.85% | LMAT | LEMAITRE VASCULAR INC | -- | $6,254,254.32 | 75,498 | B1G6TJ0 |
| 0.83% | AMSF | AMERISAFE INC | -- | $6,142,824.60 | 219,230 | B0PPHS6 |
| 0.83% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,084,064.24 | 246,518 | BWC6PW6 |
| 0.82% | UVV | UNIVERSAL CORP/VA | -- | $6,050,013.12 | 130,896 | 2923804 |
| 0.80% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,879,183.75 | 390,125 | BXC87C3 |
| 0.80% | TRN | TRINITY INDUSTRIES INC | -- | $5,853,389.58 | 203,667 | 2904627 |
| 0.77% | POWI | POWER INTEGRATIONS INC | -- | $5,672,471.85 | 89,655 | 2133045 |
| 0.72% | TNC | TENNANT CO | -- | $5,282,255.36 | 79,648 | 2883641 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,421,070.21 | 1,421,070 | -- |
Index
as of 6/30/2026
- Total Number of Companies100
- Price/Earnings Ratio19.33
- Price/Book Ratio1.80
- Dividend Yield ( % )3.05
- Avg. Index Market Capitalization$3.00 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 |
|---|
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