Russell 2000 Dividend Growers ETF - SMDV Russell 2000 Dividend Growers ETF

ProShares Russell 2000 Dividend Growers ETF seeks investment results, before fees and expenses, that track the performance of the Russell 2000® Dividend Growth Index.

  • The only ETF that focuses exclusively on companies in the Russell 2000 Index that have grown dividends for at least 10 consecutive years.††
  • Historically, companies that grew their dividends outperformed those that didn't.
  • SMDV is part of the largest suite of ETFs focused on dividend growers, covering U.S. and international markets.
  • Learn more about the Russell 2000's strongest dividend growers.
  • Watch the video: "Mid/Small-Cap Dividend Growers Outlook, and Hedged Bonds."

Index/Benchmark Summary

The index targets companies that are currently members of the Russell 2000 Index and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 stocks, which are equally weighted. No single sector is allowed to comprise more than 30% of the index's weight. If there are fewer than 40 stocks with at least 10 consecutive years of dividend growth, the index will include companies with shorter dividend growth histories. The index is rebalanced each March, June, September and December, with an annual reconstitution during the June rebalance.

Fundamentals as of 12/31/18

Total Number of Companies 61
Price/Earnings Ratio 19.73
Price/Book Ratio 2.09
Dividend Yield (%) 2.85
Average Index Market Capitalization $2.1 billion

Index Holdings Information as of 12/31/18

Top 10 Index Companies Weight
ABM Industries Inc. 1.96%
Franklin Electric Co. Inc. 1.81%
Bank of Marin Bancorp 1.81%
Brady Corp.-Class A 1.81%
California Water Service Group 1.79%
International Speedway Corp.-Class A 1.78%
SJW Group 1.76%
Gorman-Rupp Co. 1.76%
H.B. Fuller Co. 1.76%
Middlesex Water Co. 1.75%

Index Holdings as of 12/31/18

Index Sector Weightings § Weight
Utilities 24.55%
Industrials 18.91%
Financials 16.62%
Consumer Staples 10.99%
Materials 8.18%
Health Care 6.33%
Real Estate 6.12%
Consumer Discretionary 3.43%
Information Technology 3.26%
Communication Services 1.62%
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§ Sum of weightings may not equal 100% due to rounding.

†† If fewer than 40 stocks meet the criteria, the index may include companies with shorter dividend growth histories.

Source: Ned Davis Research analysis of companies underlying the Russell 3000 Index, a measure of the broad U.S. equities market. Data is from February 2, 1987 through December 31, 2015.