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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 07/01/22

  • 30-Day SEC Yield

    1.01%
  • Total Net Assets

    $6.0B
  • 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

Morningstar™ Ratings3
as of 05/31/2022

Category Overall 3 Year 5 Year
Technology
5 stars of 213 funds
5 stars of 213 funds
5 stars of 187 funds

Key Points

  • 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

    30,570,937
  • 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%

2'Van 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.'

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
  • Portfolio Manager and Analyst for Equity ETFs
  • Joined VanEck in 2007
  • Prior to his current role, held a portfolio administration position at VanEck
  • Previously, Portfolio Analyst at Evaluation Associates
  • BS, Business Administration (concentration in Financial Analysis), State University of New York at Buffalo
  • 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 07/01/22

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 $196.00
$195.99
5,127,180
6,462,445
$-7.70 / -3.78%
$-7.74 / -3.80%
-36.53%
-36.53%
$-0.01
0.00%
0.01%

Premium/Discount History as of 07/01/22

Calendar Year 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 162 39 35 35 35
SMH Days closed at NAV 13 2 7 0 4
Days closed at a discount 77 23 22 27 23

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) 6.34 -8.94 -20.91 -1.41 36.66 24.72 24.60 23.86
SMH (Share Price) 6.41 -8.79 -20.79 -1.36 36.76 24.73 24.61 23.84
MVSMHTR (Index) 6.33 -8.91 -20.87 -1.24 36.76 24.76 24.58 23.83
Performance Differential (NAV - Index) 0.01 -0.03 -0.04 -0.17 -0.10 -0.04 0.02 0.03
  1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/11
SMH (NAV) 0.45 -12.75 -12.75 11.28 37.56 29.11 24.04 25.48
SMH (Share Price) 0.61 -12.63 -12.63 11.32 37.62 29.15 24.07 25.47
MVSMHTR (Index) 0.47 -12.73 -12.73 11.49 37.63 29.15 24.01 25.45
Performance Differential (NAV - Index) -0.02 -0.02 -0.02 -0.21 -0.07 -0.04 0.03 0.03

Top 10 Holdings (%) as of 05/31/22 Daily Holdings

Total Holdings: 25
Swipe
to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Taiwan Semiconductor Manufacturing Co L
TSM US
8,967,897
854,640,584 10.17
Nvidia Corp
NVDA US
3,587,224
669,806,465 7.97
Texas Instruments Inc
TXN US
2,561,094
452,698,975 5.38
Analog Devices Inc
ADI US
2,587,668
435,763,291 5.18
Broadcom Inc
AVGO US
739,818
429,190,616 5.11
Intel Corp
INTC US
9,273,276
411,918,920 4.90
Asml Holding Nv
ASML US
710,861
409,662,086 4.87
Advanced Micro Devices Inc
AMD US
3,977,362
405,134,093 4.82
Qualcomm Inc
QCOM US
2,811,317
402,636,821 4.79
Lam Research Corp
LRCX US
768,432
399,607,693 4.75
Top 10 Total (%) 57.94
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 05/31/22

  • Country

    % of Net Assets
  • United States

    78.18
  • Taiwan Region

    10.17
  • Netherlands

    9.27
  • Switzerland

    2.42
  • Other/Cash

    -0.04

Sector Weightings (%) as of 05/31/22

  • Sector

    % of Net Assets
  • Information Technology

    100.0
  • Other/Cash

    0.0