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SMH
VanEck Semiconductor ETF

Fund Description

VanEck Semiconductor ETF (SMH®) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS® US Listed Semiconductor 25 Index (MVSMHTR), which is intended to track the overall performance of companies involved in semiconductor production and equipment.

 
 

  • Fund Ticker

    SMH
  • Exchange

    NASDAQ
  • Inception Date

    12/20/2011
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Index Ticker

    MVSMHTR
  • Index Rebalancing

    Quarterly

  as of 12/08/22

  • 30-Day SEC Yield1

    1.05%
  • Total Net Assets

    $6.6B
  • Number of Holdings

    25
  • Options

    Available
  • Gross Expense Ratio2

    0.35%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Annual
  • Next Distribution Date

    12/16/2022

Fund Highlights

  • Highly Liquid Companies 
    Index seeks to track the most liquid companies in the industry based on market capitalization and trading volume

  • Industry Leaders 
    Index methodology favors the largest companies in the industry

  • Global Scope 
    Portfolio may include both domestic and U.S. listed foreign companies allowing for enhanced industry representation

Trading Information

  • Fund Ticker

    SMH
  • Index Total Return Ticker

    MVSMHTR
  • NAV

    SMHNV
  • Intraday NAV (IIV)4

    SMHIV
  • Shares Outstanding

    29,820,937
  • Estimated Cash

    SMHEU
  • Total Cash

    SMHTC
  • CUSIP

    92189F676
  • ISIN

    US92189F6768
Source: Bloomberg

Fees and Expenses2

  • Management Fee

    0.35%
  • Other Expenses

    --
  • Acquired Fund Fees and Expenses

    --
  • Gross Expense Ratio

    0.35%
  • Fee Waivers and
    Expense Reimbursement

    --
  • Net Expense Ratio/TER2

    0.35%

2Van Eck Associates Corporation (the “Adviser”) will pay all expenses of the Fund, except for the fee payment under the investment management agreement, acquired fund fees and expenses, interest expense, offering costs, trading expenses, taxes and extraordinary expenses. Notwithstanding the foregoing, the Adviser has agreed to pay the offering costs until at least February 1, 2023.

Morningstar™ Ratings3 as of 10/31/2022

Category Overall 3 Year 5 Year
Technology

Morningstar Ratings: When applicable, ratings shown when the ETF is rated three stars or more for any given period. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Investment Professionals

  • Portfolio Manager and Head of Equity ETFs
  • Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
  • Joined VanEck in 2005
  • CFA charterholder; member of the CFA Society New York
  • BA, Mathematics and Economics, New York University
  • Analyst for Equity ETFs
  • Joined VanEck in 2018
  • Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
  • BS, Finance, Providence College
  • Analyst for Equity ETFs
  • Joined VanEck in 2019
  • Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
  • BS, Accounting, Hunter College

Prices as of 12/08/22

NAV/
Market
Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change NAV/
Last Price
Premium/
Discount
30-Day
Median
Bid Ask
Spread
NAV
Chart
SMH $221.92
$221.82
4,441,677
3,629,516
$5.62 / +2.60%
$5.51 / +2.55%
-28.14%
-28.16%
$-0.10
-0.04%
0.02%

Premium/Discount History as of 12/08/22

Calendar Year 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 Premium/Discount Charts NAV & Prem/Discount History
SMH Days closed at a premium 162 35 35 35 19
Days closed at NAV 13 7 0 4 4
Days closed at a discount 77 22 27 23 41

Performance History: Average Annual Total Returns* (%)

  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/11
SMH (NAV) 20.29 6.22 -26.27 -25.00 20.72 19.24 23.33 21.87
SMH (Share Price) 20.35 6.13 -26.25 -24.94 20.74 19.25 23.34 21.84
MVSMHTR (Index) 20.28 6.23 -26.21 -24.91 20.81 19.29 23.33 21.85
Performance Differential (NAV - Index) 0.01 -0.01 -0.06 -0.09 -0.09 -0.05 0.00 0.02
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/11
SMH (NAV) -13.64 -9.12 -40.05 -27.40 16.86 16.05 20.96 19.92
SMH (Share Price) -13.73 -9.13 -40.05 -27.40 16.87 16.06 20.96 19.89
MVSMHTR (Index) -13.63 -9.10 -40.01 -27.28 16.95 16.09 20.94 19.90
Performance Differential (NAV - Index) -0.01 -0.02 -0.04 -0.12 -0.09 -0.04 0.02 0.02

Top 10 Holdings (%) as of 11/30/22

Daily Holdings
Total Holdings: 25
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Taiwan Semiconductor Manufacturing Co L
TSM US
9,695,452
804,528,607 11.09
Nvidia Corp
NVDA US
4,079,740
690,414,400 9.51
Asml Holding Nv
ASML US
699,974
425,668,189 5.87
Broadcom Inc
AVGO US
660,540
363,977,356 5.02
Texas Instruments Inc
TXN US
2,012,172
363,116,559 5.00
Applied Materials Inc
AMAT US
3,266,185
357,973,876 4.93
Analog Devices Inc
ADI US
1,992,660
342,558,181 4.72
Kla Corp
KLAC US
837,013
329,071,661 4.53
Lam Research Corp
LRCX US
695,169
328,383,932 4.53
Qualcomm Inc
QCOM US
2,594,569
328,187,033 4.52
Top 10 Total (%) 59.72
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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%)
as of 11/30/22

Country % of Net Assets
United States 77.13
Taiwan Region 11.09
Netherlands 9.48
Switzerland 2.25
Other/Cash 0.05

Sector Weightings (%)
as of 11/30/22

Sector % of Net Assets
Information Technology 99.95
Other/Cash 0.05

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