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 10/24/2025- NAV $67.11
- NAV Change $+0.44
- Market Price $67.09
- Market Price Change $+0.41
- Trading Volume (M) 12,740
- 30-Day Median Bid Ask Spread 0.07%
- 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 10/24/2025- NAV $67.11
- NAV Change $+0.44
- Market Price $67.09
- Market Price Change $+0.41
- Trading Volume (M) 12,740
- 30-Day Median Bid Ask Spread 0.07%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 10/24/2025
Holdings
as of 10/24/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.15% | PII | POLARIS INC | -- | $7,367,053.85 | 103,981 | 2692933 |
| 1.15% | HI | HILLENBRAND INC | -- | $7,356,829.66 | 234,518 | B2QGDP1 |
| 1.15% | MTRN | MATERION CORP | -- | $7,343,203.99 | 54,641 | 2149622 |
| 1.13% | SR | SPIRE INC | -- | $7,240,016.00 | 81,440 | BYXJQG9 |
| 1.13% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,202,606.18 | 29,414 | 2840174 |
| 1.12% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $7,165,470.24 | 166,794 | B06RWD1 |
| 1.10% | ANDE | ANDERSONS INC/THE | -- | $7,036,938.24 | 148,584 | 2274922 |
| 1.10% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $7,023,432.02 | 147,026 | BFNR303 |
| 1.07% | MSEX | MIDDLESEX WATER CO | -- | $6,854,421.24 | 113,559 | 2589466 |
| 1.07% | BKH | BLACK HILLS CORP | -- | $6,818,251.12 | 103,057 | 2101741 |
| 1.05% | OGS | ONE GAS INC | -- | $6,708,160.76 | 80,948 | BJ0KXV4 |
| 1.05% | UTL | UNITIL CORP | -- | $6,677,327.79 | 133,041 | 2925037 |
| 1.04% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,633,284.32 | 143,702 | B125XQ6 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,628,447.81 | 142,333 | 2379281 |
| 1.04% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,615,579.60 | 106,155 | B03PGL4 |
| 1.03% | ENSG | ENSIGN GROUP INC/THE | -- | $6,577,983.80 | 35,356 | B1YWPP8 |
| 1.02% | NPO | ENPRO INC | -- | $6,545,422.55 | 28,045 | 2951292 |
| 1.02% | AVA | AVISTA CORP | -- | $6,535,122.80 | 166,840 | 2942605 |
| 1.02% | ALE | ALLETE INC | -- | $6,512,277.00 | 96,650 | B02R1L6 |
| 1.02% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,487,579.20 | 224,096 | 2596949 |
| 1.01% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,476,684.98 | 130,631 | 2165383 |
| 1.01% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,460,311.30 | 48,990 | 2190750 |
| 1.00% | CSGS | CSG SYSTEMS INTL INC | -- | $6,399,708.66 | 94,923 | 2210885 |
| 1.00% | CTRE | CARETRUST REIT INC | -- | $6,374,386.65 | 181,245 | BMP8TL6 |
| 0.99% | YORW | YORK WATER CO | -- | $6,353,759.07 | 198,369 | 2425292 |
| 0.99% | TRNO | TERRENO REALTY CORP | -- | $6,352,605.24 | 104,124 | B3N4753 |
| 0.99% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,311,095.92 | 218,226 | B9HHD96 |
| 0.99% | MGEE | MGE ENERGY INC | -- | $6,304,007.25 | 72,585 | 2554163 |
| 0.99% | BMI | BADGER METER INC | -- | $6,302,308.50 | 33,650 | 2069128 |
| 0.98% | AWR | AMERICAN STATES WATER CO | -- | $6,278,803.80 | 82,399 | 2267171 |
| 0.98% | LAND | GLADSTONE LAND CORP | -- | $6,274,920.60 | 685,035 | B83TNY4 |
| 0.98% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,233,013.15 | 326,165 | 2752730 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,224,744.04 | 63,029 | 2350383 |
| 0.97% | HTO | H2O AMERICA | -- | $6,176,878.40 | 121,880 | 2811932 |
| 0.96% | HY | HYSTER-YALE INC | -- | $6,154,772.40 | 163,170 | B7LG306 |
| 0.96% | TXNM | TXNM ENERGY INC | -- | $6,144,283.20 | 108,174 | 2707826 |
| 0.96% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,119,804.81 | 200,059 | 2713395 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,113,058.30 | 21,946 | 2943620 |
| 0.95% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,088,348.93 | 175,913 | B019FW2 |
| 0.95% | TRN | TRINITY INDUSTRIES INC | -- | $6,084,947.88 | 215,244 | 2904627 |
| 0.95% | FUL | H.B. FULLER CO. | -- | $6,065,004.66 | 98,634 | 2354664 |
| 0.95% | CNS | COHEN & STEERS INC | -- | $6,049,489.32 | 84,798 | B02H882 |
| 0.95% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,046,749.88 | 187,438 | 2492133 |
| 0.94% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,020,761.20 | 130,744 | 2630513 |
| 0.94% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,012,776.19 | 64,591 | 2763602 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $5,992,522.31 | 199,021 | 2679419 |
| 0.94% | INDB | INDEPENDENT BANK CORP/MA | -- | $5,987,668.40 | 86,527 | 2447821 |
| 0.94% | BCPC | BALCHEM CORP | -- | $5,980,632.28 | 38,171 | 2072074 |
| 0.93% | HMN | HORACE MANN EDUCATORS | -- | $5,973,604.56 | 132,924 | 2437112 |
| 0.93% | EXPO | EXPONENT INC | -- | $5,970,086.16 | 86,136 | 2330318 |
| 0.93% | WSBC | WESBANCO INC | -- | $5,966,527.53 | 190,563 | 2953782 |
| 0.93% | HNI | HNI CORP | -- | $5,957,977.00 | 131,668 | 2435246 |
| 0.93% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,953,824.00 | 229,700 | B15RZR4 |
| 0.93% | CADE | CADENCE BANK | -- | $5,942,870.87 | 162,863 | BMCS168 |
| 0.93% | GTY | GETTY REALTY CORP | -- | $5,942,829.09 | 213,081 | 2698146 |
| 0.93% | UVV | UNIVERSAL CORP/VA | -- | $5,917,788.00 | 110,820 | 2923804 |
| 0.93% | GATX | GATX CORP | -- | $5,916,568.21 | 36,701 | 2362128 |
| 0.92% | ASB | ASSOCIATED BANC-CORP | -- | $5,909,038.08 | 230,912 | 2055718 |
| 0.92% | TCBK | TRICO BANCSHARES | -- | $5,897,852.10 | 136,335 | 2904133 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,892,346.08 | 102,672 | 2222062 |
| 0.92% | POWI | POWER INTEGRATIONS INC | -- | $5,891,595.82 | 136,982 | 2133045 |
| 0.92% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,866,036.75 | 172,075 | BFZ9DB8 |
| 0.92% | UBSI | UNITED BANKSHARES INC | -- | $5,855,976.78 | 160,746 | 2905794 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,852,460.44 | 249,253 | BZ1LBM5 |
| 0.91% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,835,202.90 | 247,045 | 2568090 |
| 0.91% | ABM | ABM INDUSTRIES INC | -- | $5,824,332.75 | 127,475 | 2024901 |
| 0.91% | TMP | TOMPKINS FINANCIAL CORP | -- | $5,784,002.42 | 87,983 | 2888613 |
| 0.90% | GFF | GRIFFON CORP | -- | $5,778,284.80 | 75,632 | 2463344 |
| 0.90% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,765,058.59 | 235,597 | BZ16HK0 |
| 0.90% | OTTR | OTTER TAIL CORP | -- | $5,760,385.70 | 73,334 | 2664103 |
| 0.90% | MBWM | MERCANTILE BANK CORP | -- | $5,757,508.32 | 126,372 | 2620257 |
| 0.90% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,743,847.23 | 154,363 | 2965668 |
| 0.90% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,734,754.16 | 248,043 | 2619880 |
| 0.90% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $5,731,331.34 | 392,826 | BXC87C3 |
| 0.90% | FULT | FULTON FINANCIAL CORP | -- | $5,719,998.50 | 317,425 | 2356585 |
| 0.89% | NBTB | N B T BANCORP INC | -- | $5,715,910.20 | 139,685 | 2626459 |
| 0.89% | WDFC | WD-40 CO | -- | $5,711,187.02 | 28,202 | 2944742 |
| 0.89% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,695,184.16 | 42,584 | 2715186 |
| 0.89% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,671,720.12 | 180,169 | BWC6PW6 |
| 0.89% | STBA | S & T BANCORP INC | -- | $5,663,395.48 | 155,417 | 2781109 |
| 0.89% | SCL | STEPAN CO | -- | $5,660,039.94 | 122,671 | 2845005 |
| 0.88% | TR | TOOTSIE ROLL INDS | -- | $5,645,072.16 | 150,696 | 2896809 |
| 0.88% | LMAT | LEMAITRE VASCULAR INC | -- | $5,629,240.21 | 63,101 | B1G6TJ0 |
| 0.88% | MGRC | MCGRATH RENTCORP | -- | $5,604,889.50 | 48,951 | 2551551 |
| 0.88% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,600,888.60 | 90,556 | 2537528 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,590,649.08 | 150,004 | 2342410 |
| 0.87% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,581,104.10 | 142,922 | 2086558 |
| 0.87% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,568,017.85 | 105,395 | 2706470 |
| 0.87% | AMSF | AMERISAFE INC | -- | $5,559,108.20 | 134,116 | B0PPHS6 |
| 0.87% | MZTI | MARZETTI COMPANY/THE | -- | $5,553,942.46 | 33,349 | 2503206 |
| 0.87% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,532,141.48 | 184,836 | 2862156 |
| 0.87% | ALG | ALAMO GROUP INC | -- | $5,530,140.00 | 29,400 | 2021634 |
| 0.86% | APOG | APOGEE ENTERPRISES INC | -- | $5,516,780.64 | 141,022 | 2046176 |
| 0.86% | IOSP | INNOSPEC INC | -- | $5,476,463.46 | 71,766 | 2245597 |
| 0.86% | KAI | KADANT INC | -- | $5,474,189.11 | 18,811 | 2769978 |
| 0.85% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,454,752.52 | 198,499 | 2485876 |
| 0.85% | MATX | MATSON INC | -- | $5,432,395.50 | 58,275 | B8GNC91 |
| 0.85% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,415,222.89 | 148,729 | 2927497 |
| 0.83% | AVNT | AVIENT CORP | -- | $5,321,333.03 | 163,081 | BMHWY55 |
| 0.82% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,264,895.14 | 294,622 | 2810133 |
| 0.82% | NSP | INSPERITY INC | -- | $5,239,318.77 | 113,923 | 2007281 |
| 0.80% | JJSF | J & J SNACK FOODS CORP | -- | $5,137,460.11 | 56,437 | 2469171 |
| 0.80% | LNN | LINDSAY CORP | -- | $5,106,556.56 | 43,788 | 2516613 |
| 0.77% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $4,892,658.27 | 29,963 | 2363381 |
| 0.75% | SCVL | SHOE CARNIVAL INC | -- | $4,819,209.52 | 249,959 | 2805474 |
| 0.75% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,760,934.64 | 74,008 | 2125246 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,232,197.41 | 1,232,197 | -- |
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
