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 11/26/2025- NAV $67.01
- NAV Change $-0.01
- Market Price $67.06
- Market Price Change $+0.02
- Trading Volume (M) 13,358
- 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 11/26/2025- NAV $67.01
- NAV Change $-0.01
- Market Price $67.06
- Market Price Change $+0.02
- Trading Volume (M) 13,358
- 30-Day Median Bid Ask Spread 0.08%
- View Premium / Discount
Exposures
Index as of 9/30/2025 and Fund as of 11/26/2025
Holdings
as of 11/26/2025
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.20% | ANDE | ANDERSONS INC/THE | -- | $7,543,544.89 | 147,019 | 2274922 |
| 1.18% | BKH | BLACK HILLS CORP | -- | $7,443,155.25 | 101,975 | 2101741 |
| 1.17% | CSGS | CSG SYSTEMS INTL INC | -- | $7,373,583.50 | 93,931 | 2210885 |
| 1.17% | HI | HILLENBRAND INC | -- | $7,349,023.50 | 232,050 | B2QGDP1 |
| 1.16% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $7,322,593.22 | 215,942 | B9HHD96 |
| 1.15% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $7,215,177.26 | 142,199 | B125XQ6 |
| 1.14% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $7,173,386.47 | 105,043 | B03PGL4 |
| 1.14% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $7,156,259.58 | 145,482 | BFNR303 |
| 1.13% | SR | SPIRE INC | -- | $7,104,726.24 | 80,589 | BYXJQG9 |
| 1.12% | SXI | STANDEX INTERNATIONAL CORP | -- | $7,080,468.87 | 29,103 | 2840174 |
| 1.09% | AVA | AVISTA CORP | -- | $6,842,773.25 | 165,085 | 2942605 |
| 1.08% | PII | POLARIS INC | -- | $6,830,734.32 | 102,888 | 2692933 |
| 1.08% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,782,965.42 | 221,738 | 2596949 |
| 1.07% | CTRE | CARETRUST REIT INC | -- | $6,714,452.16 | 179,339 | BMP8TL6 |
| 1.07% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,708,524.02 | 48,479 | 2190750 |
| 1.06% | OGS | ONE GAS INC | -- | $6,684,728.70 | 80,095 | BJ0KXV4 |
| 1.05% | UTL | UNITIL CORP | -- | $6,624,527.36 | 131,648 | 2925037 |
| 1.05% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,616,067.50 | 322,735 | 2752730 |
| 1.04% | GRC | GORMAN-RUPP CO | -- | $6,553,238.67 | 140,839 | 2379281 |
| 1.04% | ENSG | ENSIGN GROUP INC/THE | -- | $6,540,982.56 | 34,986 | B1YWPP8 |
| 1.04% | MTRN | MATERION CORP | -- | $6,531,115.30 | 54,070 | 2149622 |
| 1.04% | TCBK | TRICO BANCSHARES | -- | $6,530,605.82 | 134,902 | 2904133 |
| 1.03% | TRNO | TERRENO REALTY CORP | -- | $6,471,377.11 | 103,031 | B3N4753 |
| 1.03% | ALE | ALLETE INC | -- | $6,463,283.62 | 95,639 | B02R1L6 |
| 1.02% | CADE | CADENCE BANK | -- | $6,408,816.19 | 161,147 | BMCS168 |
| 1.02% | YORW | YORK WATER CO | -- | $6,406,677.12 | 196,283 | 2425292 |
| 1.00% | LAND | GLADSTONE LAND CORP | -- | $6,303,967.80 | 677,846 | B83TNY4 |
| 1.00% | MATX | MATSON INC | -- | $6,293,448.96 | 57,664 | B8GNC91 |
| 0.99% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,247,336.41 | 174,069 | B019FW2 |
| 0.99% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,234,411.48 | 85,614 | 2447821 |
| 0.99% | TXNM | TXNM ENERGY INC | -- | $6,224,492.30 | 107,042 | 2707826 |
| 0.98% | NPO | ENPRO INC | -- | $6,198,524.15 | 27,755 | 2951292 |
| 0.98% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,194,235.60 | 129,370 | 2630513 |
| 0.98% | EXPO | EXPONENT INC | -- | $6,185,358.81 | 85,233 | 2330318 |
| 0.97% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,126,006.56 | 388,706 | BXC87C3 |
| 0.97% | WSBC | WESBANCO INC | -- | $6,114,871.08 | 188,556 | 2953782 |
| 0.97% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,091,619.24 | 244,447 | 2568090 |
| 0.97% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,080,340.24 | 87,061 | 2888613 |
| 0.96% | STBA | S & T BANCORP INC | -- | $6,072,851.18 | 153,782 | 2781109 |
| 0.96% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,068,676.56 | 185,473 | 2492133 |
| 0.96% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,063,591.04 | 63,908 | 2763602 |
| 0.96% | HMN | HORACE MANN EDUCATORS | -- | $6,059,633.17 | 131,531 | 2437112 |
| 0.96% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,057,729.00 | 197,965 | 2713395 |
| 0.96% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $6,044,025.48 | 147,164 | 2927497 |
| 0.96% | AWR | AMERICAN STATES WATER CO | -- | $6,036,184.11 | 81,537 | 2267171 |
| 0.96% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $6,031,124.10 | 21,715 | 2943620 |
| 0.95% | ASB | ASSOCIATED BANC-CORP | -- | $6,011,466.66 | 228,486 | 2055718 |
| 0.95% | FELE | FRANKLIN ELECTRIC CO INC | -- | $5,997,210.72 | 62,367 | 2350383 |
| 0.95% | UBSI | UNITED BANKSHARES INC | -- | $5,993,493.84 | 159,063 | 2905794 |
| 0.95% | GTY | GETTY REALTY CORP | -- | $5,979,592.56 | 210,846 | 2698146 |
| 0.95% | OTTR | OTTER TAIL CORP | -- | $5,957,983.71 | 72,561 | 2664103 |
| 0.94% | HFWA | HERITAGE FINANCIAL CORP | -- | $5,951,798.75 | 245,435 | 2619880 |
| 0.94% | MGEE | MGE ENERGY INC | -- | $5,940,480.33 | 71,823 | 2554163 |
| 0.94% | CASS | CASS INFORMATION SYSTEMS INC | -- | $5,936,727.64 | 141,418 | 2086558 |
| 0.94% | BCPC | BALCHEM CORP | -- | $5,911,916.92 | 37,771 | 2072074 |
| 0.94% | BMI | BADGER METER INC | -- | $5,890,926.09 | 33,299 | 2069128 |
| 0.93% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $5,881,193.50 | 129,257 | 2165383 |
| 0.93% | PEBO | PEOPLES BANCORP INC | -- | $5,866,723.44 | 196,936 | 2679419 |
| 0.93% | BUSE | FIRST BUSEY CORP | -- | $5,860,047.60 | 246,635 | BZ1LBM5 |
| 0.93% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,841,601.80 | 42,132 | 2715186 |
| 0.92% | NBTB | N B T BANCORP INC | -- | $5,824,675.08 | 138,222 | 2626459 |
| 0.92% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $5,823,721.12 | 104,293 | 2706470 |
| 0.92% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $5,823,712.00 | 101,600 | 2222062 |
| 0.92% | GATX | GATX CORP | -- | $5,822,982.72 | 36,321 | 2362128 |
| 0.92% | MBWM | MERCANTILE BANK CORP | -- | $5,811,027.03 | 125,049 | 2620257 |
| 0.92% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $5,794,322.13 | 170,271 | BFZ9DB8 |
| 0.92% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $5,776,506.33 | 196,413 | 2485876 |
| 0.92% | TR | TOOTSIE ROLL INDS | -- | $5,772,086.81 | 149,111 | 2896809 |
| 0.92% | UVV | UNIVERSAL CORP/VA | -- | $5,769,054.77 | 109,657 | 2923804 |
| 0.91% | MSEX | MIDDLESEX WATER CO | -- | $5,749,768.22 | 112,366 | 2589466 |
| 0.91% | FULT | FULTON FINANCIAL CORP | -- | $5,732,288.50 | 314,098 | 2356585 |
| 0.91% | FUL | H.B. FULLER CO. | -- | $5,726,250.67 | 97,601 | 2354664 |
| 0.90% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,664,876.93 | 178,309 | BWC6PW6 |
| 0.90% | UCB | UNITED COMMUNITY BANKS/GA | -- | $5,656,787.70 | 182,890 | 2862156 |
| 0.90% | TRN | TRINITY INDUSTRIES INC | -- | $5,637,792.36 | 212,988 | 2904627 |
| 0.89% | GFF | GRIFFON CORP | -- | $5,609,258.00 | 74,840 | 2463344 |
| 0.89% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,597,187.19 | 233,119 | BZ16HK0 |
| 0.89% | HTO | H2O AMERICA | -- | $5,593,242.48 | 120,596 | 2811932 |
| 0.88% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $5,522,976.90 | 227,283 | B15RZR4 |
| 0.88% | MZTI | MARZETTI COMPANY/THE | -- | $5,514,955.74 | 32,998 | 2503206 |
| 0.88% | FRME | FIRST MERCHANTS CORP | -- | $5,511,205.90 | 148,430 | 2342410 |
| 0.87% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $5,500,131.39 | 152,739 | 2965668 |
| 0.87% | WDFC | WD-40 CO | -- | $5,497,137.00 | 27,900 | 2944742 |
| 0.87% | SCL | STEPAN CO | -- | $5,464,280.82 | 121,388 | 2845005 |
| 0.86% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $5,431,297.05 | 291,535 | 2810133 |
| 0.86% | AMSF | AMERISAFE INC | -- | $5,429,288.83 | 132,713 | B0PPHS6 |
| 0.86% | ABM | ABM INDUSTRIES INC | -- | $5,421,626.14 | 126,143 | 2024901 |
| 0.85% | HNI | HNI CORP | -- | $5,358,580.92 | 130,284 | 2435246 |
| 0.85% | CNS | COHEN & STEERS INC | -- | $5,350,621.85 | 83,905 | B02H882 |
| 0.84% | IOSP | INNOSPEC INC | -- | $5,294,168.25 | 71,015 | 2245597 |
| 0.84% | LKFN | LAKELAND FINANCIAL CORP | -- | $5,262,442.92 | 89,604 | 2537528 |
| 0.83% | LMAT | LEMAITRE VASCULAR INC | -- | $5,205,539.43 | 62,439 | B1G6TJ0 |
| 0.82% | KAI | KADANT INC | -- | $5,169,671.90 | 18,610 | 2769978 |
| 0.82% | JJSF | J & J SNACK FOODS CORP | -- | $5,162,404.24 | 55,846 | 2469171 |
| 0.81% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,120,776.57 | 29,653 | 2363381 |
| 0.81% | APOG | APOGEE ENTERPRISES INC | -- | $5,091,705.13 | 139,537 | 2046176 |
| 0.80% | LNN | LINDSAY CORP | -- | $5,045,312.70 | 43,326 | 2516613 |
| 0.80% | MGRC | MCGRATH RENTCORP | -- | $5,031,947.20 | 48,440 | 2551551 |
| 0.78% | AVNT | AVIENT CORP | -- | $4,900,685.42 | 161,366 | BMHWY55 |
| 0.74% | ALG | ALAMO GROUP INC | -- | $4,681,583.66 | 29,089 | 2021634 |
| 0.73% | HY | HYSTER-YALE INC | -- | $4,627,300.30 | 161,455 | B7LG306 |
| 0.73% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $4,604,410.19 | 73,237 | 2125246 |
| 0.72% | POWI | POWER INTEGRATIONS INC | -- | $4,543,602.48 | 135,549 | 2133045 |
| 0.66% | SCVL | SHOE CARNIVAL INC | -- | $4,142,794.25 | 247,331 | 2805474 |
| 0.63% | NSP | INSPERITY INC | -- | $3,996,278.50 | 112,730 | 2007281 |
| 0.50% | CCOI | COGENT COMMUNICATIONS HOLDIN | -- | $3,135,741.00 | 165,039 | B06RWD1 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,408,403.95 | 1,408,404 | -- |
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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