What is the VanEck China Semiconductor ETF (SMHC)?

VanEck China Semiconductor ETF (SMHC) is a U.S.-registered, passively managed exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the MarketVector China Semiconductor 25 Index. The fund provides U.S. investors with targeted exposure to the 25 largest and most liquid Chinese semiconductor companies - those headquartered or incorporated in China or Hong Kong that generate at least 50% of their revenues from semiconductor production and equipment - accessed primarily through Chinese A-shares via the Stock Connect program. SMHC is listed on The Nasdaq Stock Market LLC and launched on June 22, 2026, as VanEck's dedicated China semiconductor fund and the newest addition to VanEck's semiconductor ETF family alongside SMH and SMHX.

Is SMHC available to U.S. investors?

Yes. VanEck China Semiconductor ETF (SMHC) is registered in the United States under the Investment Company Act of 1940 and listed on The Nasdaq Stock Market LLC. It is intended for U.S. investors and is advised by Van Eck Associates Corporation, based at 666 Third Avenue, New York, NY 10017. Shares are distributed by Van Eck Securities Corporation. U.S. investors can buy and sell SMHC shares through any brokerage account with access to Nasdaq. The fund's prospectus is effective June 22, 2026.

How does SMHC access Chinese semiconductor stocks?

SMHC seeks to achieve its investment objective primarily by investing directly in A-shares via Stock Connect. A-shares are equity securities issued by companies incorporated in the People's Republic of China, traded in renminbi on the Shenzhen or Shanghai Stock Exchanges. The Shanghai-Hong Kong Stock Connect Program and the Shenzhen-Hong Kong Stock Connect Program together allow foreign investors - including U.S.-registered funds such as SMHC — to trade and settle A-shares on mainland Chinese exchanges through their local exchanges in Hong Kong. Purchases of A-shares through Stock Connect are subject to a daily quota at the market level on a first-come-first-served basis. Once the daily quota is exceeded, buy orders will be rejected. The fund may also hold depositary receipts of Chinese semiconductor companies listed on U.S. or other exchanges. U.S. investors should be aware that Stock Connect trading involves unique operational, settlement, and regulatory risks specific to the Chinese equity market.

How is SMHC different from VanEck Semiconductor ETF (SMH)?

SMHC and SMH are both VanEck semiconductor ETFs but target entirely different universes and carry meaningfully different risk profiles. SMH tracks the MVIS US Listed Semiconductor 25 Index (MVSMHTR), selecting the 25 largest US-listed semiconductor companies - including global leaders such as NVIDIA, Taiwan Semiconductor, Broadcom, AMD, and Intel - with a weighted average market capitalization of approximately $265.72 billion and an expense ratio of 0.35%. SMHC tracks the MarketVector™ China Semiconductor 25 Index, selecting the 25 largest Chinese and Hong Kong-domiciled semiconductor companies — including domestic Chinese chip designers, foundries, and semiconductor equipment makers — with a weighted average market capitalization of $55.64 billion and an expense ratio of 0.65%. SMHC invests primarily in Chinese A-shares via Stock Connect, while SMH invests in US-listed equities and depositary receipts. SMHC carries China-specific risks including political, regulatory, currency, and geopolitical risks that do not apply to SMH. U.S. investors should evaluate both funds separately based on their investment objective, geographic focus, risk tolerance, and existing portfolio exposures.

How is SMHC different from VanEck Fabless Semiconductor ETF (SMHX)?

SMHX tracks the MarketVector US Listed Fabless Semiconductor Index, which selects US-listed fabless semiconductor companies - advanced chip designers without a production line - that derive at least 50% of revenues from semiconductors. SMHX is focused entirely on the fabless design sub-segment of the US-listed semiconductor market and excludes foundries, integrated device manufacturers, and equipment makers. SMHC, by contrast, selects the 25 largest Chinese and Hong Kong-domiciled semiconductor companies across all semiconductor sub-segments - including both fabless designers and companies engaged in semiconductor production and equipment manufacturing. SMHC provides China-specific semiconductor exposure through A-shares via Stock Connect, while SMHX provides US-listed fabless chip exposure without any China-market access mechanism. Together with SMH, VanEck's three semiconductor ETFs - SMH, SMHX, and SMHC — cover the US large-cap, US fabless, and Chinese semiconductor markets respectively.

SMHC-VanEck China Semiconductor ETF (US) | Holdings & Performance

SMHC

VanEck China Semiconductor ETF

SMHC

VanEck China Semiconductor ETF

About SMHC

VanEck China Semiconductor ETF (SMHC) seeks to track as closely as possible, before fees and expenses, the price and yield performance of the MarketVector™ China Semiconductor 25 Index (MVSMHCTR), which is intended to track the overall performance of the largest and most liquid Chinese companies in the semiconductor industry.

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Fact Sheet

Fund Faq

Fund Profile

Summary Prospectus

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Why SMHC

China Is Building Its Own Semiconductor Industry: China is executing a full-stack domestic build-out across design, fabrication, materials, and equipment, and its domestic chip industry is now one of the world's fastest growing.

A Distinct Opportunity Not Captured by Existing Allocations: Chinese semiconductor companies do not appear meaningfully in conventional semiconductor or broad China equity strategies, making this exposure genuinely additive to most portfolios.

Sanctioned Companies Are Removed by Design: The index excludes sanctioned companies by design, reflecting the regulatory risks of investing in this space.

Performance

Fees

Holdings

Daily Holdings (%) as of 02 Oct 2026

Download XLS

Total Holdings: 27

Ticker	Holding Name	% of Net Assets	Market Value (US$)
688256 C1	Cambricon Technologies Corp Ltd	9.99	1,729,113
688041 C1	Hygon Information Technology Co Ltd	8.24	1,426,702
002371 C2	Naura Technology Group Co Ltd	7.08	1,225,242
688012 C1	Advanced Micro-Fabrication Equipment In	5.06	875,894
1347 HK	Hua Hong Semiconductor Ltd	4.98	862,922
688008 C1	Montage Technology Co Ltd	4.89	847,187
603986 C1	Gigadevice Semiconductor Inc	4.86	841,505
002463 C2	Wus Printed Circuit Kunshan Co Ltd	4.76	824,796
688072 C1	Piotech Inc	4.55	787,865
002384 C2	Suzhou Dongshan Precision Manufacturing	4.50	778,866
688498 C1	Yuanjie Semiconductor Technology Co Ltd	4.46	771,449
300476 C2	Victory Giant Technology Huizhou Co Ltd	4.27	738,571
002938 C2	Avary Holding Shenzhen Co Ltd	4.06	703,279
688361 C1	Skyverse Technology Co Ltd	3.08	532,538
300604 C2	Hangzhou Chang Chuan Technology Co Ltd	2.94	508,277
600584 C1	Jcet Group Co Ltd	2.87	497,289
688120 C1	Hwatsing Technology Co Ltd	2.84	490,987
603501 C1	Will Semiconductor Co Ltd Shanghai	2.48	429,002
603893 C1	Rockchip Electronics Co Ltd	2.29	397,136
688525 C1	Biwin Storage Technology Co Ltd	2.28	395,045
688521 C1	Verisilicon Microelectronics Shanghai C	2.25	389,009
002156 C2	Tongfu Microelectronics Co Ltd	2.17	374,844
301308 C2	Shenzhen Longsys Electronics Co Ltd	2.14	371,087
001309 C2	Shenzhen Techwinsemi Technology Co Ltd	1.50	258,906
300223 C2	Ingenic Semiconductor Co Ltd	1.35	233,734
-USD CASH-	--	6.19	1,072,391
-CNY CASH-	--	0.19	32,469
--	Other/Cash	-6.26	-1,084,444

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These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Portfolio

Country Weightings (%) as at 30 Sep 2026

Country
% of Net Assets
China
99.88
Other/Cash
0.12

Sector Weightings (%) as at 30 Sep 2026

Sector
% of Net Assets
Information Technology
99.88
Other/Cash
0.12

Distributions

Distribution History

Year	Ex-date	Record Date	Payable date	Dividend Income^‡	Short-Term Capital Gains	Long-Term Capital Gains	Return of Capital	Total Distributions

^‡All registered investment companies are obliged to distribute portfolio gains to shareholders at yearend regardless of performance. Trading VanEck ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer. There is no guarantee that dividends will be paid. To receive a distribution, you must have been a registered shareholder of the relevant VanEck ETFs on the record date. Distributions are paid to shareholders on the payment date. Past distributions are not indicative of future distributions.

Certain distributions may constitute a return of capital, which will have the effect of reducing your cost basis in the Fund’s shares and thereby increasing the amount of capital gain, if any, or decreasing the amount of capital loss, if any, that you will realize when selling or exchanging Fund shares. The final determination of the tax characteristics cannot be determined until after each Fund’s yearend and are reported to shareholders on Form 1099-DIV. The form is mailed to shareholders shortly after calendar yearend specifying how the distributions paid by the Fund during the prior calendar year should be characterized for purposes of reporting the distribution on a shareholder’s tax return.

The tax treatment and characterization of the Fund’s distributions may vary significantly from time to time depending on whether the Fund has gains or losses on the securities in its portfolio. The Fund’s distributions will normally reflect past and projected net investment income, and may include income from dividends and interest, capital gains and/or a return of capital. The final composition of the tax characteristics of the distributions cannot be determined with certainty until after the end of the year, and will be reported to shareholders at that time. The amount of distributions will vary, depending on a number of factors. As portfolio and market conditions change, the rate of dividends may change. There can be no assurance that the Fund will be able to declare a dividend distribution in each period. Past performance is no guarantee of future results.

Click here to access more detailed yearend tax information