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 10/31/2025
| Fund + Index | 1m | 3m | 6m | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Inception Date |
|---|---|---|---|---|---|---|---|---|---|---|
| SMDV NAV | -2.32% | 1.07% | 4.40% | -1.99% | -1.80% | 4.28% | 8.50% | 7.17% | 6.99% | 02/03/2015 |
| SMDV Market Price | -2.33% | 1.23% | 4.51% | -2.03% | -1.86% | 4.26% | 8.48% | 7.13% | 6.99% | 02/03/2015 |
| Russell 2000® Dividend Growth Index | -2.29% | 1.16% | 4.61% | -1.68% | -1.43% | 4.66% | 8.93% | 7.63% | 7.44% | -- |
| 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 12/01/2025- NAV $66.84
- NAV Change $-0.06
- Market Price $66.83
- Market Price Change $-0.04
- Trading Volume (M) 20,797
- 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 12/01/2025- NAV $66.84
- NAV Change $-0.06
- Market Price $66.83
- Market Price Change $-0.04
- Trading Volume (M) 20,797
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 12/01/2025
Holdings
as of 12/01/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.21% | ANDE | ANDERSONS INC/THE | -- | $7,609,692.09 | 146,707 | 2274922 |
| 1.18% | BKH | BLACK HILLS CORP | -- | $7,373,457.14 | 101,759 | 2101741 |
| 1.17% | HI | HILLENBRAND INC | -- | $7,347,335.34 | 231,558 | B2QGDP1 |
| 1.17% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,343,762.88 | 215,486 | B9HHD96 |
| 1.17% | CSGS | CSG SYSTEMS INTL INC | -- | $7,336,481.91 | 93,733 | 2210885 |
| 1.14% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $7,155,966.57 | 141,899 | B125XQ6 |
| 1.14% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,124,683.37 | 104,821 | B03PGL4 |
| 1.13% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $7,101,912.08 | 145,174 | BFNR303 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,026,760.36 | 29,041 | 2840174 |
| 1.11% | SR | SPIRE INC | -- | $6,979,565.01 | 80,419 | BYXJQG9 |
| 1.08% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,779,651.52 | 221,268 | 2596949 |
| 1.07% | AVA | AVISTA CORP | -- | $6,698,125.10 | 164,735 | 2942605 |
| 1.06% | CTRE | CARETRUST REIT INC | -- | $6,660,853.98 | 178,959 | BMP8TL6 |
| 1.06% | PII | POLARIS INC | -- | $6,658,149.50 | 102,670 | 2692933 |
| 1.06% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,619,424.91 | 48,377 | 2190750 |
| 1.05% | OGS | ONE GAS INC | -- | $6,608,998.25 | 79,925 | BJ0KXV4 |
| 1.05% | MTRN | MATERION CORP | -- | $6,572,919.92 | 53,956 | 2149622 |
| 1.05% | UTL | UNITIL CORP | -- | $6,560,617.80 | 131,370 | 2925037 |
| 1.04% | CADE | CADENCE BANK | -- | $6,520,642.75 | 160,805 | BMCS168 |
| 1.04% | TCBK | TRICO BANCSHARES | -- | $6,500,606.64 | 134,616 | 2904133 |
| 1.03% | TRNO | TERRENO REALTY CORP | -- | $6,460,768.92 | 102,813 | B3N4753 |
| 1.03% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,460,343.06 | 322,051 | 2752730 |
| 1.03% | ALE | ALLETE INC | -- | $6,454,404.31 | 95,437 | B02R1L6 |
| 1.03% | GRC | GORMAN-RUPP CO | -- | $6,442,399.44 | 140,541 | 2379281 |
| 1.03% | MATX | MATSON INC | -- | $6,431,469.34 | 57,542 | B8GNC91 |
| 1.02% | ENSG | ENSIGN GROUP INC/THE | -- | $6,410,890.56 | 34,912 | B1YWPP8 |
| 1.01% | YORW | YORK WATER CO | -- | $6,316,710.75 | 195,867 | 2425292 |
| 1.01% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,303,609.29 | 173,701 | B019FW2 |
| 1.00% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,259,602.64 | 85,432 | 2447821 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,238,054.40 | 106,816 | 2707826 |
| 0.99% | LAND | GLADSTONE LAND CORP | -- | $6,222,990.40 | 676,412 | B83TNY4 |
| 0.99% | EXPO | EXPONENT INC | -- | $6,219,075.36 | 85,053 | 2330318 |
| 0.99% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,194,661.07 | 185,081 | 2492133 |
| 0.98% | WSBC | WESBANCO INC | -- | $6,158,345.88 | 188,156 | 2953782 |
| 0.98% | STBA | S & T BANCORP INC | -- | $6,122,894.40 | 153,456 | 2781109 |
| 0.98% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,118,923.40 | 63,772 | 2763602 |
| 0.97% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,099,786.00 | 129,096 | 2630513 |
| 0.97% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,066,505.76 | 387,884 | BXC87C3 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,054,458.13 | 86,877 | 2888613 |
| 0.96% | NPO | ENPRO INC | -- | $6,046,809.04 | 27,697 | 2951292 |
| 0.96% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,024,327.42 | 141,118 | 2086558 |
| 0.96% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,021,232.56 | 197,547 | 2713395 |
| 0.96% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,013,589.40 | 146,852 | 2927497 |
| 0.95% | UBSI | UNITED BANKSHARES INC | -- | $5,982,420.63 | 158,727 | 2905794 |
| 0.95% | AWR | AMERICAN STATES WATER CO | -- | $5,976,259.25 | 81,365 | 2267171 |
| 0.95% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $5,973,821.21 | 243,929 | 2568090 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $5,971,152.00 | 210,400 | 2698146 |
| 0.95% | HMN | HORACE MANN EDUCATORS | -- | $5,935,260.66 | 131,253 | 2437112 |
| 0.94% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,913,253.41 | 21,669 | 2943620 |
| 0.94% | ASB | ASSOCIATED BANC-CORP | -- | $5,891,571.68 | 228,002 | 2055718 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,890,205.75 | 244,915 | 2619880 |
| 0.94% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,879,910.00 | 195,997 | 2485876 |
| 0.94% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,879,374.14 | 101,386 | 2222062 |
| 0.94% | OTTR | OTTER TAIL CORP | -- | $5,872,931.77 | 72,407 | 2664103 |
| 0.94% | PEBO | PEOPLES BANCORP INC | -- | $5,866,122.00 | 196,520 | 2679419 |
| 0.94% | BCPC | BALCHEM CORP | -- | $5,865,850.33 | 37,691 | 2072074 |
| 0.94% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,862,537.00 | 62,235 | 2350383 |
| 0.93% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,853,433.95 | 169,911 | BFZ9DB8 |
| 0.93% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,831,321.43 | 128,983 | 2165383 |
| 0.93% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,824,965.81 | 104,073 | 2706470 |
| 0.93% | MBWM | MERCANTILE BANK CORP | -- | $5,803,750.35 | 124,785 | 2620257 |
| 0.92% | BUSE | FIRST BUSEY CORP | -- | $5,788,577.76 | 246,113 | BZ1LBM5 |
| 0.92% | GATX | GATX CORP | -- | $5,786,514.25 | 36,245 | 2362128 |
| 0.92% | UVV | UNIVERSAL CORP/VA | -- | $5,776,545.75 | 109,425 | 2923804 |
| 0.92% | FULT | FULTON FINANCIAL CORP | -- | $5,764,051.26 | 313,434 | 2356585 |
| 0.92% | BMI | BADGER METER INC | -- | $5,758,253.41 | 33,229 | 2069128 |
| 0.92% | MSEX | MIDDLESEX WATER CO | -- | $5,746,560.00 | 112,128 | 2589466 |
| 0.92% | MGEE | MGE ENERGY INC | -- | $5,742,997.23 | 71,671 | 2554163 |
| 0.91% | NBTB | N B T BANCORP INC | -- | $5,729,612.20 | 137,930 | 2626459 |
| 0.91% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,717,712.00 | 42,042 | 2715186 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,693,711.70 | 97,395 | 2354664 |
| 0.90% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,650,261.92 | 182,502 | 2862156 |
| 0.90% | HTO | H2O AMERICA | -- | $5,639,132.40 | 120,340 | 2811932 |
| 0.90% | TR | TOOTSIE ROLL INDS | -- | $5,614,035.35 | 148,795 | 2896809 |
| 0.89% | TRN | TRINITY INDUSTRIES INC | -- | $5,606,752.44 | 212,538 | 2904627 |
| 0.89% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,562,310.62 | 177,937 | BWC6PW6 |
| 0.88% | GFF | GRIFFON CORP | -- | $5,532,442.56 | 74,682 | 2463344 |
| 0.88% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,527,170.00 | 232,625 | BZ16HK0 |
| 0.88% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,520,471.30 | 152,415 | 2965668 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,505,471.72 | 148,116 | 2342410 |
| 0.88% | WDFC | WD-40 CO | -- | $5,490,326.40 | 27,840 | 2944742 |
| 0.87% | SCL | STEPAN CO | -- | $5,472,743.76 | 121,132 | 2845005 |
| 0.87% | MZTI | MARZETTI COMPANY/THE | -- | $5,470,328.64 | 32,928 | 2503206 |
| 0.87% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,461,368.08 | 226,801 | B15RZR4 |
| 0.87% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,448,912.87 | 290,919 | 2810133 |
| 0.87% | HNI | HNI CORP | -- | $5,436,934.56 | 130,008 | 2435246 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,422,781.16 | 125,877 | 2024901 |
| 0.85% | AMSF | AMERISAFE INC | -- | $5,344,995.88 | 132,433 | B0PPHS6 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,255,754.92 | 89,414 | 2537528 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,244,718.65 | 70,865 | 2245597 |
| 0.84% | JJSF | J & J SNACK FOODS CORP | -- | $5,240,103.84 | 55,728 | 2469171 |
| 0.82% | CNS | COHEN & STEERS INC | -- | $5,163,444.09 | 83,727 | B02H882 |
| 0.82% | LMAT | LEMAITRE VASCULAR INC | -- | $5,159,019.60 | 62,307 | B1G6TJ0 |
| 0.82% | KAI | KADANT INC | -- | $5,153,732.10 | 18,570 | 2769978 |
| 0.82% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,127,824.39 | 29,591 | 2363381 |
| 0.82% | APOG | APOGEE ENTERPRISES INC | -- | $5,115,714.34 | 139,241 | 2046176 |
| 0.81% | LNN | LINDSAY CORP | -- | $5,058,378.00 | 43,234 | 2516613 |
| 0.79% | MGRC | MCGRATH RENTCORP | -- | $4,929,509.24 | 48,338 | 2551551 |
| 0.79% | AVNT | AVIENT CORP | -- | $4,928,944.64 | 161,024 | BMHWY55 |
| 0.75% | ALG | ALAMO GROUP INC | -- | $4,728,788.57 | 29,027 | 2021634 |
| 0.74% | HY | HYSTER-YALE INC | -- | $4,611,054.06 | 161,113 | B7LG306 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,574,264.97 | 73,083 | 2125246 |
| 0.73% | POWI | POWER INTEGRATIONS INC | -- | $4,557,010.47 | 135,263 | 2133045 |
| 0.67% | SCVL | SHOE CARNIVAL INC | -- | $4,198,187.07 | 246,807 | 2805474 |
| 0.63% | NSP | INSPERITY INC | -- | $3,973,217.44 | 112,492 | 2007281 |
| 0.51% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,206,494.83 | 164,689 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,710,818.54 | 1,710,819 | -- |
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 |
|---|
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