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 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- 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 $2.69 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 1/08/2026- NAV $68.67
- NAV Change $+1.38
- Market Price $68.62
- Market Price Change $+1.34
- Trading Volume (M) 19,966
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
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 2.61%
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 11/30/2025- Number of Companies 106
- Price/Earnings Ratio 18.6
- 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 $2.69 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 1/08/2026- NAV $68.67
- NAV Change $+1.38
- Market Price $68.62
- Market Price Change $+1.34
- Trading Volume (M) 19,966
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Distributions
as of 11/30/2025- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.85%
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 2.61%
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 1/08/2026
Holdings
as of 1/08/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.16% | NSP | INSPERITY INC | -- | $7,378,841.92 | 168,313 | 2007281 |
| 1.06% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,739,844.16 | 241,312 | 2568090 |
| 1.05% | ALG | ALAMO GROUP INC | -- | $6,700,185.24 | 35,924 | 2021634 |
| 1.04% | MATX | MATSON INC | -- | $6,661,338.35 | 50,815 | B8GNC91 |
| 1.04% | SCL | STEPAN CO | -- | $6,616,452.84 | 130,967 | 2845005 |
| 1.04% | POWI | POWER INTEGRATIONS INC | -- | $6,611,138.38 | 161,998 | 2133045 |
| 1.03% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,552,010.35 | 43,929 | 2715186 |
| 1.02% | CADE | CADENCE BANK | -- | $6,519,757.86 | 142,758 | BMCS168 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,509,041.10 | 127,879 | 2379281 |
| 1.02% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,494,724.59 | 386,821 | BXC87C3 |
| 1.01% | PII | POLARIS INC | -- | $6,453,910.40 | 87,689 | 2692933 |
| 1.01% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,445,922.84 | 171,983 | BFZ9DB8 |
| 1.01% | FUL | H.B. FULLER CO. | -- | $6,434,301.12 | 101,712 | 2354664 |
| 1.01% | MTRN | MATERION CORP | -- | $6,432,308.40 | 47,220 | 2149622 |
| 1.00% | ANDE | ANDERSONS INC/THE | -- | $6,398,244.70 | 118,267 | 2274922 |
| 1.00% | SCVL | SHOE CARNIVAL INC | -- | $6,393,312.00 | 337,200 | 2805474 |
| 1.00% | CNS | COHEN & STEERS INC | -- | $6,389,980.80 | 95,089 | B02H882 |
| 1.00% | KAI | KADANT INC | -- | $6,386,279.34 | 20,534 | 2769978 |
| 1.00% | MBWM | MERCANTILE BANK CORP | -- | $6,379,295.94 | 127,027 | 2620257 |
| 1.00% | AVNT | AVIENT CORP | -- | $6,361,621.18 | 192,718 | BMHWY55 |
| 0.99% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,327,127.04 | 190,118 | 2862156 |
| 0.99% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,314,590.62 | 62,838 | 2350383 |
| 0.99% | BCPC | BALCHEM CORP | -- | $6,311,812.39 | 39,299 | 2072074 |
| 0.99% | WDFC | WD-40 CO | -- | $6,310,738.50 | 31,011 | 2944742 |
| 0.99% | HNI | HNI CORP | -- | $6,309,171.00 | 144,540 | 2435246 |
| 0.99% | WSBC | WESBANCO INC | -- | $6,305,378.04 | 180,981 | 2953782 |
| 0.99% | IOSP | INNOSPEC INC | -- | $6,304,491.84 | 78,816 | 2245597 |
| 0.99% | LNN | LINDSAY CORP | -- | $6,300,340.00 | 49,750 | 2516613 |
| 0.99% | UBSI | UNITED BANKSHARES INC | -- | $6,297,230.72 | 155,564 | 2905794 |
| 0.99% | GATX | GATX CORP | -- | $6,287,531.05 | 35,353 | 2362128 |
| 0.98% | TRN | TRINITY INDUSTRIES INC | -- | $6,282,419.22 | 213,906 | 2904627 |
| 0.98% | MGRC | MCGRATH RENTCORP | -- | $6,248,224.80 | 57,360 | 2551551 |
| 0.98% | HTO | H2O AMERICA | -- | $6,236,643.48 | 123,449 | 2811932 |
| 0.97% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,213,680.66 | 202,598 | BWC6PW6 |
| 0.97% | GFF | GRIFFON CORP | -- | $6,212,961.79 | 80,033 | 2463344 |
| 0.97% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,211,356.69 | 21,693 | 2943620 |
| 0.97% | MZTI | MARZETTI COMPANY/THE | -- | $6,209,581.50 | 36,975 | 2503206 |
| 0.97% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,203,970.48 | 100,812 | 2222062 |
| 0.97% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,196,431.96 | 316,791 | 2810133 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,192,450.00 | 82,500 | 2888613 |
| 0.97% | FULT | FULTON FINANCIAL CORP | -- | $6,191,538.21 | 311,289 | 2356585 |
| 0.97% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,175,156.32 | 191,656 | 2596949 |
| 0.97% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,167,989.20 | 305,346 | 2752730 |
| 0.97% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,160,084.00 | 62,858 | 2763602 |
| 0.96% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,143,022.08 | 193,664 | 2485876 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,142,014.96 | 113,196 | 2923804 |
| 0.96% | HMN | HORACE MANN EDUCATORS | -- | $6,134,090.00 | 135,560 | 2437112 |
| 0.96% | FRME | FIRST MERCHANTS CORP | -- | $6,130,043.60 | 158,440 | 2342410 |
| 0.96% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,129,739.20 | 256,260 | BZ16HK0 |
| 0.96% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,120,231.60 | 80,318 | 2447821 |
| 0.96% | PEBO | PEOPLES BANCORP INC | -- | $6,113,894.96 | 195,457 | 2679419 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,110,030.57 | 131,201 | 2630513 |
| 0.96% | CSGS | CSG SYSTEMS INTL INC | -- | $6,102,528.00 | 76,800 | 2210885 |
| 0.96% | NBTB | N B T BANCORP INC | -- | $6,093,391.20 | 140,790 | 2626459 |
| 0.95% | JJSF | J & J SNACK FOODS CORP | -- | $6,092,649.36 | 65,016 | 2469171 |
| 0.95% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,085,398.42 | 103,546 | 2706470 |
| 0.95% | LAND | GLADSTONE LAND CORP | -- | $6,082,945.29 | 647,811 | B83TNY4 |
| 0.95% | UTL | UNITIL CORP | -- | $6,081,278.66 | 123,553 | 2925037 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $6,070,695.54 | 226,434 | 2055718 |
| 0.95% | EXPO | EXPONENT INC | -- | $6,059,815.52 | 80,776 | 2330318 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $6,055,021.20 | 72,015 | 2664103 |
| 0.95% | TCBK | TRICO BANCSHARES | -- | $6,045,625.04 | 123,683 | 2904133 |
| 0.95% | BUSE | FIRST BUSEY CORP | -- | $6,042,533.28 | 246,232 | BZ1LBM5 |
| 0.94% | AMSF | AMERISAFE INC | -- | $6,025,893.13 | 159,373 | B0PPHS6 |
| 0.94% | BKH | BLACK HILLS CORP | -- | $6,020,253.54 | 84,566 | 2101741 |
| 0.94% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,018,000.00 | 240,720 | B15RZR4 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,015,020.05 | 245,011 | 2619880 |
| 0.94% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,009,070.86 | 127,907 | BFNR303 |
| 0.94% | TXNM | TXNM ENERGY INC | -- | $6,002,905.20 | 101,572 | 2707826 |
| 0.94% | NPO | ENPRO INC | -- | $5,995,524.78 | 26,097 | 2951292 |
| 0.94% | AVA | AVISTA CORP | -- | $5,987,879.29 | 152,791 | 2942605 |
| 0.94% | GTY | GETTY REALTY CORP | -- | $5,986,483.47 | 211,761 | 2698146 |
| 0.94% | SR | SPIRE INC | -- | $5,981,964.24 | 71,752 | BYXJQG9 |
| 0.94% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $5,974,914.24 | 90,201 | B03PGL4 |
| 0.93% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $5,964,392.56 | 121,772 | B125XQ6 |
| 0.93% | STBA | S & T BANCORP INC | -- | $5,952,738.84 | 147,418 | 2781109 |
| 0.93% | LMAT | LEMAITRE VASCULAR INC | -- | $5,950,248.80 | 69,970 | B1G6TJ0 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,941,129.08 | 148,454 | 2927497 |
| 0.93% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,933,455.84 | 33,644 | 2363381 |
| 0.93% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $5,923,632.54 | 91,882 | 2125246 |
| 0.93% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,918,056.56 | 176,553 | 2492133 |
| 0.93% | HI | HILLENBRAND INC | -- | $5,908,930.17 | 185,757 | B2QGDP1 |
| 0.92% | AWR | AMERICAN STATES WATER CO | -- | $5,892,652.80 | 80,832 | 2267171 |
| 0.92% | MGEE | MGE ENERGY INC | -- | $5,868,657.55 | 75,191 | 2554163 |
| 0.92% | ENSG | ENSIGN GROUP INC/THE | -- | $5,855,810.72 | 33,232 | B1YWPP8 |
| 0.92% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,843,470.14 | 101,502 | 2537528 |
| 0.92% | SXI | STANDEX INTERNATIONAL CORP | -- | $5,841,680.72 | 24,434 | 2840174 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,833,618.44 | 132,522 | 2024901 |
| 0.91% | OGS | ONE GAS INC | -- | $5,810,719.11 | 75,103 | BJ0KXV4 |
| 0.91% | MSEX | MIDDLESEX WATER CO | -- | $5,808,406.30 | 113,935 | 2589466 |
| 0.91% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,807,262.24 | 160,112 | B019FW2 |
| 0.91% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $5,795,964.00 | 176,976 | B9HHD96 |
| 0.91% | TR | TOOTSIE ROLL INDS | -- | $5,794,942.69 | 157,343 | 2896809 |
| 0.91% | CTRE | CARETRUST REIT INC | -- | $5,793,652.26 | 156,882 | BMP8TL6 |
| 0.90% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,753,689.44 | 131,784 | 2165383 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,730,150.33 | 182,547 | 2965668 |
| 0.90% | YORW | YORK WATER CO | -- | $5,726,183.76 | 178,497 | 2425292 |
| 0.90% | BMI | BADGER METER INC | -- | $5,716,399.40 | 32,834 | 2069128 |
| 0.89% | HY | HYSTER-YALE INC | -- | $5,706,432.29 | 174,883 | B7LG306 |
| 0.89% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,670,449.55 | 137,133 | 2086558 |
| 0.89% | CPK | CHESAPEAKE UTILITIES CORP | -- | $5,654,010.00 | 45,800 | 2190750 |
| 0.89% | TRNO | TERRENO REALTY CORP | -- | $5,648,637.16 | 94,967 | B3N4753 |
| 0.85% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,424,248.92 | 189,262 | 2713395 |
| 0.83% | APOG | APOGEE ENTERPRISES INC | -- | $5,304,177.62 | 157,091 | 2046176 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,526,801.87 | 1,526,802 | -- |
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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