ProShares Russell 2000 Dividend Growers ETF

SMDV

Market cap $634M

The ProShares Russell 2000 Dividend Growers ETF (SMDV) was launched on 02/03/2015, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Small Cap Value category of the market.

Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.

SMDV is comprised of 107 Russell 2000 Index stocks with 10+ years of consecutive increasing dividend payments. Its expense ratio is 0.40% and the ETF has $648 million in AUM. SMDV is highly concentrated in the Financials, Utilities, and Industrials sectors. Its Index caps sector weights at 30%, but SMDV remains a poorly diversified product. Historically, that's led to inconsistent returns. SMDV has performed reasonably well in the last year and since its inception in 2015, but returns since 2019 have been extremely weak.

A smart beta exchange traded fund, the ProShares Russell 2000 Dividend Growers ETF (SMDV) debuted on 02/03/2015, and offers broad exposure to the Style Box - Small Cap Value category of the market.

SMDV offers exposure to the Russell 2000 constituents that have been consistently growing their dividends for at least 10 years. Since my previous article, SMDV has significantly underperformed the S&P 500 index, with financials being among the key detractors. Its long-term returns are soft as well. Quality remains questionable, as only 35% of the holdings have a B- Quant Profitability rating or higher.

Designed to provide broad exposure to the Style Box - Small Cap Value category of the market, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund launched on 02/03/2015.

Making its debut on 02/03/2015, smart beta exchange traded fund ProShares Russell 2000 Dividend Growers ETF (SMDV) provides investors broad exposure to the Style Box - Small Cap Value category of the market.

ProShares Russell 2000 Dividend Growers ETF has a portfolio of 99 small-cap dividend growers. SMDV is diversified across holdings thanks to its equal-weight methodology, but overweight in financials, especially banks. SMDV beats its parent index in risk-adjusted return and has attractive dividend growth rate.

Making its debut on 02/03/2015, smart beta exchange traded fund ProShares Russell 2000 Dividend Growers ETF (SMDV) provides investors broad exposure to the Style Box - Small Cap Value category of the market.

Launched on 02/03/2015, the ProShares Russell 2000 Dividend Growers ETF (SMDV) is a smart beta exchange traded fund offering broad exposure to the Style Box - Small Cap Value category of the market.