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 5/31/2026
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -0.35% | 1.51% | 9.93% | 10.38% | 15.71% | 11.59% | 4.31% | -- | 7.77% | 02/03/2015 |
| SMDV Market Price | -0.34% | 1.55% | 10.00% | 10.41% | 15.81% | 11.60% | 4.30% | -- | 7.78% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -0.34% | 1.60% | 10.15% | 10.57% | 16.17% | 12.02% | 4.71% | 7.84% | 8.23% | -- |
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -3.67% | 4.75% | 4.75% | 4.75% | 7.75% | 7.00% | 3.76% | 7.15% | 7.39% | 02/03/2015 |
| SMDV Market Price | -3.76% | 4.65% | 4.62% | 4.65% | 7.62% | 6.99% | 3.70% | 7.12% | 7.38% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -3.64% | 4.87% | 4.96% | 4.87% | 8.18% | 7.41% | 4.16% | 7.60% | 7.84% | -- |
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 $683,305,059
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 6/30/2026- Number of Companies 100
- Price/Earnings Ratio 19.08
- Price/Book Ratio 1.73
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 $3.06 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 7/09/2026- NAV
- NAV Change
- Market Price $75.93
- Market Price Change $+0.58
- Trading Volume (M) 27,523
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 6/30/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.29%
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 $683,305,059
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 6/30/2026- Number of Companies 100
- Price/Earnings Ratio 19.08
- Price/Book Ratio 1.73
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 $3.06 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 7/09/2026- NAV
- NAV Change
- Market Price $75.93
- Market Price Change $+0.58
- Trading Volume (M) 27,523
- 30-Day Median Bid Ask Spread 0.06%
- View Premium / Discount
Distributions
as of 6/30/2026- Distribution Frequency Quarterly
- 12-Month Yield 2.29%
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 3/31/2026 and Fund as of 7/09/2026
Holdings
as of 7/09/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.15% | HNI | HNI CORP | -- | $7,830,572.62 | 200,681 | 2435246 |
| 1.11% | GOLF | ACUSHNET HOLDINGS CORP | -- | $7,601,044.80 | 66,840 | BD3WG50 |
| 1.10% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $7,519,291.83 | 78,893 | 2125246 |
| 1.10% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $7,505,521.20 | 148,860 | 2965668 |
| 1.08% | CTRE | CARETRUST REIT INC | -- | $7,389,939.60 | 180,860 | BMP8TL6 |
| 1.08% | BMI | BADGER METER INC | -- | $7,382,307.31 | 50,923 | 2069128 |
| 1.08% | LMAT | LEMAITRE VASCULAR INC | -- | $7,370,649.60 | 71,979 | B1G6TJ0 |
| 1.07% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $7,324,269.42 | 36,647 | 2363381 |
| 1.07% | EXPO | EXPONENT INC | -- | $7,297,949.79 | 117,387 | 2330318 |
| 1.06% | AWR | AMERICAN STATES WATER CO | -- | $7,250,032.44 | 86,454 | 2267171 |
| 1.06% | EIG | EMPLOYERS HOLDINGS INC | -- | $7,233,739.14 | 143,214 | B1Q1RR9 |
| 1.06% | HTO | H2O AMERICA | -- | $7,212,392.46 | 117,351 | 2811932 |
| 1.06% | AMSF | AMERISAFE INC | -- | $7,204,643.64 | 209,012 | B0PPHS6 |
| 1.05% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $7,197,758.04 | 146,564 | 2165383 |
| 1.05% | HMN | HORACE MANN EDUCATORS | -- | $7,197,441.39 | 136,341 | 2437112 |
| 1.05% | WSBC | WESBANCO INC | -- | $7,170,543.25 | 184,475 | 2953782 |
| 1.04% | ODC | OIL-DRI CORP OF AMERICA | -- | $7,130,586.56 | 69,526 | 2657794 |
| 1.04% | WDFC | WD-40 CO | -- | $7,100,718.36 | 29,658 | 2944742 |
| 1.04% | MGEE | MGE ENERGY INC | -- | $7,083,343.18 | 86,657 | 2554163 |
| 1.03% | NJR | NEW JERSEY RESOURCES CORP | -- | $7,061,302.12 | 121,999 | 2630513 |
| 1.03% | SCL | STEPAN CO | -- | $7,060,548.84 | 125,054 | 2845005 |
| 1.03% | CRAI | CRA INTERNATIONAL INC | -- | $7,038,801.12 | 45,008 | 2240622 |
| 1.03% | PEBO | PEOPLES BANCORP INC | -- | $7,001,991.32 | 184,166 | 2679419 |
| 1.02% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,993,301.20 | 168,270 | BFZ9DB8 |
| 1.02% | ALG | ALAMO GROUP INC | -- | $6,979,908.90 | 43,046 | 2021634 |
| 1.02% | ASB | ASSOCIATED BANC-CORP | -- | $6,975,994.11 | 229,549 | 2055718 |
| 1.02% | FULT | FULTON FINANCIAL CORP | -- | $6,970,342.32 | 288,986 | 2356585 |
| 1.02% | NBTB | N B T BANCORP INC | -- | $6,964,478.55 | 139,429 | 2626459 |
| 1.02% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,951,840.69 | 134,439 | 2086558 |
| 1.02% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,951,141.04 | 54,344 | 2190750 |
| 1.02% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,937,232.50 | 257,125 | 2568090 |
| 1.02% | MTRN | MATERION CORP | -- | $6,936,074.41 | 27,017 | 2149622 |
| 1.02% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,930,884.19 | 132,801 | B125XQ6 |
| 1.01% | MSEX | MIDDLESEX WATER CO | -- | $6,908,841.94 | 126,698 | 2589466 |
| 1.01% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,908,677.12 | 65,822 | 2763602 |
| 1.01% | STBA | S & T BANCORP INC | -- | $6,887,801.15 | 140,999 | 2781109 |
| 1.01% | OGS | ONE GAS INC | -- | $6,885,879.33 | 87,351 | BJ0KXV4 |
| 1.01% | MATX | MATSON INC | -- | $6,881,608.03 | 33,401 | B8GNC91 |
| 1.01% | SR | SPIRE INC | -- | $6,880,726.20 | 85,390 | BYXJQG9 |
| 1.01% | ALRS | ALERUS FINANCIAL CORP | -- | $6,869,068.92 | 222,516 | 2679141 |
| 1.01% | GIC | GLOBAL INDUSTRIAL CO | -- | $6,866,724.11 | 209,543 | BNBY595 |
| 1.01% | WAFD | WAFD INC | -- | $6,864,735.27 | 181,751 | 2941981 |
| 1.01% | FRME | FIRST MERCHANTS CORP | -- | $6,861,063.90 | 161,285 | 2342410 |
| 1.01% | GTY | GETTY REALTY CORP | -- | $6,860,888.27 | 200,201 | 2698146 |
| 1.00% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,838,641.74 | 193,949 | 2862156 |
| 1.00% | TRNO | TERRENO REALTY CORP | -- | $6,834,123.40 | 99,710 | B3N4753 |
| 1.00% | HOMB | HOME BANCSHARES INC | -- | $6,832,778.54 | 238,658 | B17MTL9 |
| 1.00% | UTL | UNITIL CORP | -- | $6,832,121.88 | 129,691 | 2925037 |
| 1.00% | KWR | QUAKER CHEMICAL CORPORATION | -- | $6,823,503.83 | 46,327 | 2715186 |
| 1.00% | MZTI | MARZETTI COMPANY/THE | -- | $6,807,786.15 | 60,735 | 2503206 |
| 1.00% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,805,367.04 | 299,532 | 2810133 |
| 0.99% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,789,773.76 | 94,816 | 2706470 |
| 0.99% | UBSI | UNITED BANKSHARES INC | -- | $6,786,938.31 | 147,767 | 2905794 |
| 0.99% | BKH | BLACK HILLS CORP | -- | $6,785,581.44 | 92,598 | 2101741 |
| 0.99% | YORW | YORK WATER CO | -- | $6,780,961.72 | 223,868 | 2425292 |
| 0.99% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,779,014.80 | 169,815 | B019FW2 |
| 0.99% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,777,722.70 | 95,690 | B03PGL4 |
| 0.99% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,769,440.69 | 21,863 | 2840174 |
| 0.99% | TRN | TRINITY INDUSTRIES INC | -- | $6,763,045.59 | 194,173 | 2904627 |
| 0.99% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,761,977.44 | 81,264 | 2447821 |
| 0.99% | MSBI | MIDLAND STATES BANCORP INC | -- | $6,760,974.66 | 224,319 | B6VRG58 |
| 0.99% | GATX | GATX CORP | -- | $6,752,195.25 | 38,595 | 2362128 |
| 0.99% | BUSE | FIRST BUSEY CORP | -- | $6,737,626.74 | 233,459 | BZ1LBM5 |
| 0.99% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,734,308.40 | 230,627 | 2619880 |
| 0.99% | BHB | BAR HARBOR BANKSHARES | -- | $6,731,874.00 | 181,550 | 2618111 |
| 0.99% | CNS | COHEN & STEERS INC | -- | $6,723,520.80 | 87,432 | B02H882 |
| 0.98% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,701,138.84 | 72,886 | 2888613 |
| 0.98% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,693,697.36 | 134,872 | BFNR303 |
| 0.98% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,680,532.00 | 188,184 | 2492133 |
| 0.98% | KAI | KADANT INC | -- | $6,680,090.34 | 23,034 | 2769978 |
| 0.98% | ANDE | ANDERSONS INC/THE | -- | $6,679,591.08 | 94,092 | 2274922 |
| 0.97% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,644,826.00 | 178,050 | B9HHD96 |
| 0.97% | MGRC | MCGRATH RENTCORP | -- | $6,631,661.24 | 57,878 | 2551551 |
| 0.97% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,624,304.83 | 371,943 | BXC87C3 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,615,442.95 | 65,055 | 2350383 |
| 0.97% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $6,614,521.06 | 267,686 | BZ16HK0 |
| 0.97% | OTTR | OTTER TAIL CORP | -- | $6,597,183.60 | 75,096 | 2664103 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $6,576,958.96 | 116,324 | 2707826 |
| 0.96% | BCPC | BALCHEM CORP | -- | $6,573,742.47 | 40,199 | 2072074 |
| 0.96% | NPO | ENPRO INC | -- | $6,552,755.20 | 19,840 | 2951292 |
| 0.96% | AVNT | AVIENT CORP | -- | $6,548,395.98 | 182,001 | BMHWY55 |
| 0.96% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,539,450.40 | 109,264 | 2537528 |
| 0.95% | AVA | AVISTA CORP | -- | $6,510,629.55 | 158,217 | 2942605 |
| 0.95% | APOG | APOGEE ENTERPRISES INC | -- | $6,480,721.06 | 166,771 | 2046176 |
| 0.95% | TNC | TENNANT CO | -- | $6,475,822.08 | 75,936 | 2883641 |
| 0.95% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,462,426.21 | 259,431 | B15RZR4 |
| 0.94% | LNN | LINDSAY CORP | -- | $6,443,992.80 | 57,960 | 2516613 |
| 0.94% | UVV | UNIVERSAL CORP/VA | -- | $6,421,899.24 | 124,794 | 2923804 |
| 0.94% | NXRT | NEXPOINT RESIDENTIAL | -- | $6,411,618.40 | 235,030 | BWC6PW6 |
| 0.94% | JJSF | J & J SNACK FOODS CORP | -- | $6,399,002.50 | 84,755 | 2469171 |
| 0.94% | ABM | ABM INDUSTRIES INC | -- | $6,397,475.70 | 143,990 | 2024901 |
| 0.94% | GFF | GRIFFON CORP | -- | $6,392,220.90 | 69,746 | 2463344 |
| 0.93% | GRC | GORMAN-RUPP CO | -- | $6,372,088.20 | 80,253 | 2379281 |
| 0.93% | PRGO | PERRIGO CO PLC | -- | $6,354,295.23 | 610,403 | BGH1M56 |
| 0.92% | PII | POLARIS INC | -- | $6,310,858.78 | 95,866 | 2692933 |
| 0.92% | IOSP | INNOSPEC INC | -- | $6,248,696.64 | 77,412 | 2245597 |
| 0.89% | POWI | POWER INTEGRATIONS INC | -- | $6,054,123.42 | 85,474 | 2133045 |
| 0.88% | HY | HYSTER-YALE INC | -- | $6,033,658.07 | 188,023 | B7LG306 |
| 0.84% | FUL | H.B. FULLER CO. | -- | $5,758,390.80 | 104,508 | 2354664 |
| 0.84% | SHOE | SHOE STATION GROUP INC | -- | $5,731,450.02 | 381,334 | 2805474 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,682,878.23 | 1,682,878 | -- |
Index
as of 3/31/2026
- Total Number of Companies99
- Price/Earnings Ratio17.63
- Price/Book Ratio1.65
- Dividend Yield ( % )3.24
- Avg. Index Market Capitalization$2.78 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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