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 3/31/2026
| 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% | -- |
| 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 $635,770,417
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- 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 $2.90 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 4/07/2026- NAV
- NAV Change
- Market Price $69.96
- Market Price Change $+0.44
- Trading Volume (M) 21,043
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.60%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.45%
12 Month Yield definition
- Distribution Details
Snapshot
- Ticker SMDV
- Intraday Ticker SMDV.IV
- CUSIP 74347B698
- Inception Date 2/3/15
- Net Assets $635,770,417
- Expense Ratio 0.40%
- NAV Calculation Time
- Options Available Yes
Characteristics
as of 2/28/2026- Number of Companies 102
- Price/Earnings Ratio 18.29
- 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 $2.90 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 4/07/2026- NAV
- NAV Change
- Market Price $69.96
- Market Price Change $+0.44
- Trading Volume (M) 21,043
- 30-Day Median Bid Ask Spread 0.09%
- View Premium / Discount
Distributions
as of 2/28/2026- Distribution Frequency Quarterly
- SEC 30-Day Yield 2.60%
SEC 30-Day Yield is a standard yield calculation developed by the Securities and Exchange Commission (SEC) that facilitates fairer comparisons of funds. The figure reflects dividends and interest earned by the securities held by the fund during the most recent 30-day period, net the fund's expenses.
- 12-Month Yield 2.45%
12 Month Yield definition
- Distribution Details
Exposures
Index as of 12/31/2025 and Fund as of 4/07/2026
Holdings
as of 4/07/2026
| Weight | Ticker | Description | Exposure Value (Notional + GL) |
Market Value | Shares/Contracts | SEDOL Number |
|---|---|---|---|---|---|---|
| 1.22% | NSP | INSPERITY INC | -- | $7,755,680.61 | 278,881 | 2007281 |
| 1.11% | ANDE | ANDERSONS INC/THE | -- | $7,078,213.66 | 96,922 | 2274922 |
| 1.09% | POWI | POWER INTEGRATIONS INC | -- | $6,955,944.19 | 134,779 | 2133045 |
| 1.07% | MATX | MATSON INC | -- | $6,821,567.58 | 40,578 | B8GNC91 |
| 1.05% | TMP | TOMPKINS FINANCIAL CORP | -- | $6,696,367.61 | 82,661 | 2888613 |
| 1.05% | FISI | FINANCIAL INSTITUTIONS INC | -- | $6,693,891.96 | 201,684 | 2596949 |
| 1.04% | FRME | FIRST MERCHANTS CORP | -- | $6,612,960.00 | 165,324 | 2342410 |
| 1.03% | STBA | S & T BANCORP INC | -- | $6,570,653.76 | 152,416 | 2781109 |
| 1.03% | NBTB | N B T BANCORP INC | -- | $6,559,744.81 | 149,119 | 2626459 |
| 1.03% | UBSI | UNITED BANKSHARES INC | -- | $6,558,918.55 | 154,655 | 2905794 |
| 1.03% | ORRF | ORRSTOWN FINL SERVICES INC | -- | $6,558,461.76 | 176,208 | B019FW2 |
| 1.03% | NWN | NORTHWEST NATURAL HOLDING CO | -- | $6,558,181.12 | 119,153 | BFNR303 |
| 1.03% | HASI | HA SUSTAINABLE INFRASTRUCTUR | -- | $6,545,440.34 | 173,114 | B9HHD96 |
| 1.03% | PEBO | PEOPLES BANCORP INC | -- | $6,533,978.22 | 194,117 | 2679419 |
| 1.03% | HFWA | HERITAGE FINANCIAL CORP | -- | $6,533,558.48 | 244,886 | 2619880 |
| 1.03% | CTBI | COMMUNITY TRUST BANCORP INC | -- | $6,517,727.70 | 103,951 | 2706470 |
| 1.02% | ASB | ASSOCIATED BANC-CORP | -- | $6,516,297.76 | 246,736 | 2055718 |
| 1.02% | UCB | UNITED COMMUNITY BANKS/GA | -- | $6,514,949.22 | 200,707 | 2862156 |
| 1.02% | SBSI | SOUTHSIDE BANCSHARES INC | -- | $6,502,447.38 | 203,138 | 2485876 |
| 1.02% | GRC | GORMAN-RUPP CO | -- | $6,498,093.80 | 101,851 | 2379281 |
| 1.02% | MTRN | MATERION CORP | -- | $6,494,975.58 | 43,053 | 2149622 |
| 1.02% | AVA | AVISTA CORP | -- | $6,488,044.15 | 156,527 | 2942605 |
| 1.02% | WSBC | WESBANCO INC | -- | $6,469,632.00 | 184,320 | 2953782 |
| 1.02% | NJR | NEW JERSEY RESOURCES CORP | -- | $6,454,841.40 | 113,842 | 2630513 |
| 1.01% | LKFN | LAKELAND FINANCIAL CORP | -- | $6,434,953.36 | 109,141 | 2537528 |
| 1.01% | TCBK | TRICO BANCSHARES | -- | $6,429,932.96 | 131,384 | 2904133 |
| 1.01% | SAH | SONIC AUTOMOTIVE INC-CLASS A | -- | $6,428,359.00 | 101,234 | 2125246 |
| 1.01% | MGRC | MCGRATH RENTCORP | -- | $6,421,897.40 | 57,580 | 2551551 |
| 1.01% | MBWM | MERCANTILE BANK CORP | -- | $6,418,212.68 | 123,356 | 2620257 |
| 1.01% | TR | TOOTSIE ROLL INDS | -- | $6,417,984.24 | 147,948 | 2896809 |
| 1.01% | BUSE | FIRST BUSEY CORP | -- | $6,410,570.18 | 247,226 | BZ1LBM5 |
| 1.01% | NPO | ENPRO INC | -- | $6,408,279.09 | 25,169 | 2951292 |
| 1.01% | PFBC | PREFERRED BANK/LOS ANGELES | -- | $6,393,218.94 | 69,963 | 2763602 |
| 1.01% | FULT | FULTON FINANCIAL CORP | -- | $6,392,276.80 | 307,321 | 2356585 |
| 1.01% | SCL | STEPAN CO | -- | $6,391,538.02 | 129,331 | 2845005 |
| 1.00% | AUB | ATLANTIC UNION BANKSHARES CO | -- | $6,382,721.33 | 174,917 | BFZ9DB8 |
| 1.00% | OGS | ONE GAS INC | -- | $6,378,324.16 | 71,314 | BJ0KXV4 |
| 1.00% | LMAT | LEMAITRE VASCULAR INC | -- | $6,377,846.31 | 57,807 | B1G6TJ0 |
| 1.00% | CBU | COMMUNITY FINANCIAL SYSTEM I | -- | $6,363,837.81 | 105,379 | 2222062 |
| 1.00% | SR | SPIRE INC | -- | $6,345,354.34 | 67,691 | BYXJQG9 |
| 1.00% | SFNC | SIMMONS FIRST NATL CORP-CL A | -- | $6,345,166.58 | 319,334 | 2810133 |
| 1.00% | WLY | WILEY (JOHN) & SONS-CLASS A | -- | $6,340,485.46 | 165,721 | 2965668 |
| 1.00% | AWR | AMERICAN STATES WATER CO | -- | $6,339,657.39 | 82,451 | 2267171 |
| 1.00% | BMI | BADGER METER INC | -- | $6,336,392.58 | 41,706 | 2069128 |
| 1.00% | COFS | CHOICEONE FINANCIAL SVCS INC | -- | $6,326,393.48 | 219,514 | 2713395 |
| 0.99% | UTL | UNITIL CORP | -- | $6,313,194.72 | 116,976 | 2925037 |
| 0.99% | HMN | HORACE MANN EDUCATORS | -- | $6,286,543.76 | 143,006 | 2437112 |
| 0.99% | SXI | STANDEX INTERNATIONAL CORP | -- | $6,279,284.88 | 24,744 | 2840174 |
| 0.99% | IOSP | INNOSPEC INC | -- | $6,274,166.32 | 86,089 | 2245597 |
| 0.99% | INDB | INDEPENDENT BANK CORP/MA | -- | $6,268,860.00 | 80,370 | 2447821 |
| 0.99% | HTO | H2O AMERICA | -- | $6,268,173.12 | 106,656 | 2811932 |
| 0.99% | MATW | MATTHEWS INTL CORP-CLASS A | -- | $6,263,529.36 | 242,022 | 2568090 |
| 0.98% | TRN | TRINITY INDUSTRIES INC | -- | $6,254,554.32 | 194,664 | 2904627 |
| 0.98% | CASS | CASS INFORMATION SYSTEMS INC | -- | $6,253,618.97 | 138,569 | 2086558 |
| 0.98% | TRNO | TERRENO REALTY CORP | -- | $6,234,683.73 | 99,231 | B3N4753 |
| 0.98% | TXNM | TXNM ENERGY INC | -- | $6,234,253.29 | 105,433 | 2707826 |
| 0.98% | POR | PORTLAND GENERAL ELECTRIC CO | -- | $6,228,828.90 | 116,318 | B125XQ6 |
| 0.98% | CWT | CALIFORNIA WATER SERVICE GRP | -- | $6,224,239.28 | 136,168 | 2165383 |
| 0.98% | CSGS | CSG SYSTEMS INTL INC | -- | $6,221,038.65 | 77,695 | 2210885 |
| 0.98% | ALG | ALAMO GROUP INC | -- | $6,210,448.60 | 36,923 | 2021634 |
| 0.98% | NWE | NORTHWESTERN ENERGY GROUP IN | -- | $6,206,103.57 | 89,053 | B03PGL4 |
| 0.98% | MWA | MUELLER WATER PRODUCTS INC-A | -- | $6,205,722.56 | 222,268 | B15RZR4 |
| 0.98% | GTY | GETTY REALTY CORP | -- | $6,200,371.53 | 187,947 | 2698146 |
| 0.97% | FELE | FRANKLIN ELECTRIC CO INC | -- | $6,196,014.84 | 64,839 | 2350383 |
| 0.97% | BKH | BLACK HILLS CORP | -- | $6,164,005.50 | 84,450 | 2101741 |
| 0.97% | IBCP | INDEPENDENT BANK CORP - MICH | -- | $6,140,781.88 | 181,358 | 2492133 |
| 0.97% | PII | POLARIS INC | -- | $6,139,311.34 | 114,241 | 2692933 |
| 0.96% | UVV | UNIVERSAL CORP/VA | -- | $6,131,704.30 | 117,241 | 2923804 |
| 0.96% | MGEE | MGE ENERGY INC | -- | $6,130,114.40 | 77,744 | 2554163 |
| 0.96% | GATX | GATX CORP | -- | $6,125,956.06 | 34,706 | 2362128 |
| 0.96% | OTTR | OTTER TAIL CORP | -- | $6,123,694.90 | 68,945 | 2664103 |
| 0.96% | FUL | H.B. FULLER CO. | -- | $6,105,381.48 | 105,666 | 2354664 |
| 0.96% | AMSF | AMERISAFE INC | -- | $6,104,956.00 | 180,620 | B0PPHS6 |
| 0.96% | CPK | CHESAPEAKE UTILITIES CORP | -- | $6,098,105.31 | 46,941 | 2190750 |
| 0.96% | MSEX | MIDDLESEX WATER CO | -- | $6,097,793.20 | 114,728 | 2589466 |
| 0.96% | CHCT | COMMUNITY HEALTHCARE TRUST I | -- | $6,092,398.56 | 372,396 | BXC87C3 |
| 0.95% | DGICA | DONEGAL GROUP INC-CL A | -- | $6,066,146.72 | 354,331 | 2752730 |
| 0.95% | BCPC | BALCHEM CORP | -- | $6,021,768.36 | 35,418 | 2072074 |
| 0.95% | HY | HYSTER-YALE INC | -- | $6,018,504.59 | 185,699 | B7LG306 |
| 0.94% | ENSG | ENSIGN GROUP INC/THE | -- | $6,003,083.23 | 29,957 | B1YWPP8 |
| 0.94% | CNS | COHEN & STEERS INC | -- | $6,001,482.00 | 95,565 | B02H882 |
| 0.94% | UHT | UNIVERSAL HEALTH RLTY INCOME | -- | $5,996,618.84 | 143,666 | 2927497 |
| 0.94% | CTRE | CARETRUST REIT INC | -- | $5,994,935.10 | 155,430 | BMP8TL6 |
| 0.94% | YORW | YORK WATER CO | -- | $5,972,460.78 | 189,843 | 2425292 |
| 0.93% | APOG | APOGEE ENTERPRISES INC | -- | $5,899,651.50 | 176,109 | 2046176 |
| 0.93% | AVNT | AVIENT CORP | -- | $5,890,595.20 | 169,660 | BMHWY55 |
| 0.93% | WTS | WATTS WATER TECHNOLOGIES-A | -- | $5,881,777.50 | 20,275 | 2943620 |
| 0.92% | JJSF | J & J SNACK FOODS CORP | -- | $5,878,412.40 | 71,960 | 2469171 |
| 0.92% | KWR | QUAKER CHEMICAL CORPORATION | -- | $5,860,616.00 | 47,920 | 2715186 |
| 0.92% | AGM | FEDERAL AGRIC MTG CORP-CL C | -- | $5,843,820.20 | 38,540 | 2363381 |
| 0.91% | GFF | GRIFFON CORP | -- | $5,802,337.12 | 80,176 | 2463344 |
| 0.91% | FCPT | FOUR CORNERS PROPERTY TRUST | -- | $5,763,105.44 | 241,741 | BZ16HK0 |
| 0.89% | EXPO | EXPONENT INC | -- | $5,681,237.80 | 86,341 | 2330318 |
| 0.88% | WDFC | WD-40 CO | -- | $5,580,636.60 | 26,268 | 2944742 |
| 0.87% | NXRT | NEXPOINT RESIDENTIAL | -- | $5,562,121.65 | 226,563 | BWC6PW6 |
| 0.87% | MZTI | MARZETTI COMPANY/THE | -- | $5,533,131.56 | 38,236 | 2503206 |
| 0.87% | KAI | KADANT INC | -- | $5,520,368.80 | 18,764 | 2769978 |
| 0.86% | LAND | GLADSTONE LAND CORP | -- | $5,488,125.47 | 529,231 | B83TNY4 |
| 0.85% | ABM | ABM INDUSTRIES INC | -- | $5,423,433.20 | 141,604 | 2024901 |
| 0.81% | SCVL | SHOE CARNIVAL INC | -- | $5,124,603.12 | 320,488 | 2805474 |
| 0.80% | LNN | LINDSAY CORP | -- | $5,065,636.50 | 47,902 | 2516613 |
| 0.76% | HNI | HNI CORP | -- | $4,841,632.96 | 149,803 | 2435246 |
| -- | -- | NET OTHER ASSETS (LIABILITIES) | -- | $1,395,430.78 | 1,395,431 | -- |
Index
as of 12/31/2025
- Total Number of Companies104
- Price/Earnings Ratio18.48
- Price/Book Ratio1.61
- Dividend Yield ( % )3.26
- Avg. Index Market Capitalization$2.67 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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