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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- 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 $2.61 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 11/07/2025- NAV $65.58
- NAV Change $+0.52
- Market Price $65.53
- Market Price Change $+0.48
- Trading Volume (M) 24,449
- 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 10/31/2025- Number of Companies 106
- Price/Earnings Ratio 17.92
- 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 $2.61 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 11/07/2025- NAV $65.58
- NAV Change $+0.52
- Market Price $65.53
- Market Price Change $+0.48
- Trading Volume (M) 24,449
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/07/2025
Holdings
as of 11/07/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | ANDE | ANDERSONS INC/THE | -- | $7,453,519.48 | 147,946 | 2274922 |
| 1.19% | CSGS | CSG SYSTEMS INTL INC | -- | $7,400,837.70 | 94,519 | 2210885 |
| 1.19% | HI | HILLENBRAND INC | -- | $7,397,660.16 | 233,512 | B2QGDP1 |
| 1.17% | SR | SPIRE INC | -- | $7,272,420.24 | 81,093 | BYXJQG9 |
| 1.15% | BKH | BLACK HILLS CORP | -- | $7,154,387.52 | 102,616 | 2101741 |
| 1.12% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,959,958.85 | 217,295 | B9HHD96 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,945,997.79 | 29,287 | 2840174 |
| 1.11% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,872,744.04 | 105,702 | B03PGL4 |
| 1.10% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,851,379.60 | 146,397 | BFNR303 |
| 1.10% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,846,856.50 | 143,090 | B125XQ6 |
| 1.09% | PII | POLARIS INC | -- | $6,791,961.60 | 103,536 | 2692933 |
| 1.09% | AVA | AVISTA CORP | -- | $6,784,545.00 | 166,125 | 2942605 |
| 1.07% | OGS | ONE GAS INC | -- | $6,626,932.00 | 80,600 | BJ0KXV4 |
| 1.07% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,624,595.60 | 48,782 | 2190750 |
| 1.05% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,544,549.55 | 223,135 | 2596949 |
| 1.05% | CTRE | CARETRUST REIT INC | -- | $6,523,918.20 | 180,468 | BMP8TL6 |
| 1.04% | ALE | ALLETE INC | -- | $6,489,328.34 | 96,238 | B02R1L6 |
| 1.04% | MATX | MATSON INC | -- | $6,432,762.36 | 58,026 | B8GNC91 |
| 1.03% | LAND | GLADSTONE LAND CORP | -- | $6,404,965.95 | 682,105 | B83TNY4 |
| 1.02% | UTL | UNITIL CORP | -- | $6,342,807.24 | 132,473 | 2925037 |
| 1.02% | ENSG | ENSIGN GROUP INC/THE | -- | $6,335,843.85 | 35,205 | B1YWPP8 |
| 1.02% | YORW | YORK WATER CO | -- | $6,334,434.33 | 197,519 | 2425292 |
| 1.02% | TRNO | TERRENO REALTY CORP | -- | $6,320,271.84 | 103,679 | B3N4753 |
| 1.02% | MTRN | MATERION CORP | -- | $6,317,312.88 | 54,408 | 2149622 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,303,883.52 | 141,724 | 2379281 |
| 1.01% | BMI | BADGER METER INC | -- | $6,294,960.09 | 33,507 | 2069128 |
| 1.01% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,248,517.08 | 324,767 | 2752730 |
| 1.00% | CADE | CADENCE BANK | -- | $6,231,962.52 | 162,164 | BMCS168 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,176,263.42 | 107,713 | 2707826 |
| 0.99% | OTTR | OTTER TAIL CORP | -- | $6,170,105.50 | 73,019 | 2664103 |
| 0.99% | AWR | AMERICAN STATES WATER CO | -- | $6,140,472.32 | 82,048 | 2267171 |
| 0.98% | TCBK | TRICO BANCSHARES | -- | $6,095,219.90 | 135,751 | 2904133 |
| 0.98% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,072,204.40 | 86,155 | 2447821 |
| 0.98% | MSEX | MIDDLESEX WATER CO | -- | $6,057,320.61 | 113,073 | 2589466 |
| 0.97% | EXPO | EXPONENT INC | -- | $6,052,647.76 | 85,768 | 2330318 |
| 0.97% | MGEE | MGE ENERGY INC | -- | $6,025,483.38 | 72,274 | 2554163 |
| 0.97% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,023,588.01 | 130,071 | 2165383 |
| 0.97% | HMN | HORACE MANN EDUCATORS | -- | $6,001,021.04 | 132,356 | 2437112 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,970,184.92 | 21,852 | 2943620 |
| 0.96% | NJR | NEW JERSEY RESOURCES CORP | -- | $5,955,918.00 | 130,184 | 2630513 |
| 0.96% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,953,946.33 | 62,759 | 2350383 |
| 0.96% | NPO | ENPRO INC | -- | $5,950,405.89 | 27,927 | 2951292 |
| 0.95% | STBA | S & T BANCORP INC | -- | $5,919,225.75 | 154,751 | 2781109 |
| 0.95% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $5,911,683.75 | 175,161 | B019FW2 |
| 0.95% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $5,889,784.54 | 64,313 | 2763602 |
| 0.95% | UVV | UNIVERSAL CORP/VA | -- | $5,883,648.72 | 110,346 | 2923804 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $5,879,131.11 | 229,923 | 2055718 |
| 0.94% | WSBC | WESBANCO INC | -- | $5,863,120.50 | 189,745 | 2953782 |
| 0.94% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $5,850,680.22 | 199,206 | 2713395 |
| 0.94% | UBSI | UNITED BANKSHARES INC | -- | $5,850,193.00 | 160,060 | 2905794 |
| 0.94% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,845,688.00 | 42,400 | 2715186 |
| 0.94% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,841,634.76 | 87,607 | 2888613 |
| 0.94% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,812,059.75 | 102,235 | 2222062 |
| 0.93% | BCPC | BALCHEM CORP | -- | $5,798,500.48 | 38,008 | 2072074 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,794,362.70 | 212,170 | 2698146 |
| 0.93% | NBTB | N B T BANCORP INC | -- | $5,787,493.29 | 139,089 | 2626459 |
| 0.93% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,756,297.17 | 148,091 | 2927497 |
| 0.92% | PEBO | PEOPLES BANCORP INC | -- | $5,737,050.45 | 198,171 | 2679419 |
| 0.92% | HTO | H2O AMERICA | -- | $5,734,118.25 | 121,357 | 2811932 |
| 0.92% | CNS | COHEN & STEERS INC | -- | $5,731,379.92 | 84,434 | B02H882 |
| 0.92% | MZTI | MARZETTI COMPANY/THE | -- | $5,726,374.70 | 33,206 | 2503206 |
| 0.92% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $5,724,156.79 | 186,637 | 2492133 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,705,796.14 | 248,186 | BZ1LBM5 |
| 0.92% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,690,314.71 | 197,649 | 2485876 |
| 0.92% | FUL | H.B. FULLER CO. | -- | $5,683,586.31 | 98,213 | 2354664 |
| 0.91% | MBWM | MERCANTILE BANK CORP | -- | $5,678,843.29 | 125,833 | 2620257 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,669,967.79 | 234,587 | BZ16HK0 |
| 0.91% | GATX | GATX CORP | -- | $5,667,553.68 | 36,546 | 2362128 |
| 0.91% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,660,137.86 | 245,986 | 2568090 |
| 0.91% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,655,985.62 | 391,147 | BXC87C3 |
| 0.91% | TR | TOOTSIE ROLL INDS | -- | $5,652,383.50 | 150,050 | 2896809 |
| 0.91% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,642,475.95 | 179,411 | BWC6PW6 |
| 0.91% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,628,320.95 | 142,309 | 2086558 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,614,697.53 | 153,701 | 2965668 |
| 0.90% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,609,671.60 | 171,340 | BFZ9DB8 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,572,296.47 | 316,069 | 2356585 |
| 0.90% | WDFC | WD-40 CO | -- | $5,567,504.12 | 28,079 | 2944742 |
| 0.90% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,560,039.08 | 104,946 | 2706470 |
| 0.89% | HY | HYSTER-YALE INC | -- | $5,535,386.97 | 162,471 | B7LG306 |
| 0.89% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,515,768.71 | 184,043 | 2862156 |
| 0.89% | TRN | TRINITY INDUSTRIES INC | -- | $5,497,436.25 | 214,325 | 2904627 |
| 0.88% | IOSP | INNOSPEC INC | -- | $5,463,831.60 | 71,460 | 2245597 |
| 0.88% | LMAT | LEMAITRE VASCULAR INC | -- | $5,454,987.42 | 62,831 | B1G6TJ0 |
| 0.88% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,454,852.75 | 228,715 | B15RZR4 |
| 0.88% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,448,378.80 | 246,980 | 2619880 |
| 0.87% | GFF | GRIFFON CORP | -- | $5,433,544.35 | 75,309 | 2463344 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,408,532.00 | 133,544 | B0PPHS6 |
| 0.87% | FRME | FIRST MERCHANTS CORP | -- | $5,380,055.26 | 149,363 | 2342410 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,324,797.40 | 126,932 | 2024901 |
| 0.85% | SCL | STEPAN CO | -- | $5,291,451.36 | 122,148 | 2845005 |
| 0.85% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,254,149.24 | 293,364 | 2810133 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,219,825.52 | 90,168 | 2537528 |
| 0.83% | HNI | HNI CORP | -- | $5,173,363.84 | 131,104 | 2435246 |
| 0.82% | MGRC | MCGRATH RENTCORP | -- | $5,099,492.66 | 48,743 | 2551551 |
| 0.81% | KAI | KADANT INC | -- | $5,039,224.74 | 18,729 | 2769978 |
| 0.79% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,890,881.04 | 29,837 | 2363381 |
| 0.79% | ALG | ALAMO GROUP INC | -- | $4,884,492.78 | 29,273 | 2021634 |
| 0.78% | APOG | APOGEE ENTERPRISES INC | -- | $4,835,961.48 | 140,417 | 2046176 |
| 0.78% | LNN | LINDSAY CORP | -- | $4,834,368.00 | 43,600 | 2516613 |
| 0.78% | AVNT | AVIENT CORP | -- | $4,822,745.40 | 162,382 | BMHWY55 |
| 0.78% | POWI | POWER INTEGRATIONS INC | -- | $4,814,849.40 | 136,398 | 2133045 |
| 0.74% | JJSF | J & J SNACK FOODS CORP | -- | $4,599,080.64 | 56,196 | 2469171 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,550,604.50 | 73,694 | 2125246 |
| 0.70% | SCVL | SHOE CARNIVAL INC | -- | $4,330,651.20 | 248,888 | 2805474 |
| 0.63% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,901,195.71 | 166,079 | B06RWD1 |
| 0.62% | NSP | INSPERITY INC | -- | $3,840,976.82 | 113,437 | 2007281 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,373,822.10 | 1,373,822 | -- |
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
Read More
