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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
  • ETF Structure

    Physical
  • Administrator

    Van Eck Associates
  • Custodian

    State Street Bank and Trust Company
  • Index Ticker

    MVSMHTR
  • Index Rebalancing

    Quarterly

 
as of 01/20/22

  • 30-Day SEC Yield

    0.58%
  • Total Net Assets

    $7.8B
  • Number of Holdings

    25
  • Options

    Available
  • Gross Expense Ratio2

    0.35%
  • Net Expense Ratio/TER2

    0.35%
  • Distribution Frequency

    Annual

Morningstar™ Ratings3
as of 12/31/2021

Category Overall 3 Year 5 Year
Technology
5 stars of 214 funds
5 stars of 214 funds
5 stars of 183 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

    28,220,937
  • 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.

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 01/20/22

NAV/
Market Price
Volume
30-Day Avg./
Last Trading Day
Daily Change
NAV/
Last Price
YTD Change
NAV/
Last Price
Premium/
Discount
Prem/Discount
Distribution Charts
NAV &
Prem/Discount
History
30-Day
Median
Bid Ask
Spread
NAV
Chart
SMH $276.52
$276.35
4,972,576
8,348,329
-$8.44 / -2.96%
$-8.73 / -3.06%
-10.46%
-10.51%
$-0.17
-0.06%
0.01%

Premium/Discount History as of 01/20/22

Calendar Year 2020 1Q 2021 2Q 2021 3Q 2021 4Q 2021 Premium/Discount Charts NAV & Prem/Discount History
Days closed at a premium 129 47 41 39 35
SMH Days closed at NAV 9 3 1 2 7
Days closed at a discount 115 11 21 23 22


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) 1.72 21.11 42.18 42.18 53.72 35.53 27.81 27.92
SMH (Share Price) 1.78 21.09 42.08 42.08 53.75 35.54 27.81 27.89
MVSMHTR (Index) 1.77 21.22 42.46 42.46 53.78 35.56 27.78 27.89
Performance Differential (NAV - Index) -0.05 -0.11 -0.28 -0.28 -0.06 -0.03 0.03 0.03
1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR LIFE
12/20/11
SMH (NAV) 1.72 21.11 42.18 42.18 53.72 35.53 27.81 27.92
SMH (Share Price) 1.78 21.09 42.08 42.08 53.75 35.54 27.81 27.89
MVSMHTR (Index) 1.77 21.22 42.46 42.46 53.78 35.56 27.78 27.89
Performance Differential (NAV - Index) -0.05 -0.11 -0.28 -0.28 -0.06 -0.03 0.03 0.03

Top 10 Holdings (%) as of 12/31/21 Daily Holdings

Total Holdings: 25
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to view
full data
Holding Name
Ticker
Shares
Market Value
(US$)
% of Net
Assets
Taiwan Semiconductor Manufacturing Co L
TSM US
5,750,211
691,807,885 9.71
Nvidia Corp
NVDA US
2,300,126
676,490,058 9.50
Broadcom Inc
AVGO US
608,429
404,854,741 5.68
Qualcomm Inc
QCOM US
1,960,818
358,574,788 5.03
Intel Corp
INTC US
6,919,868
356,373,202 5.00
Advanced Micro Devices Inc
AMD US
2,465,595
354,799,121 4.98
Asml Holding Nv
ASML US
445,453
354,642,951 4.98
Micron Technology Inc
MU US
3,746,726
349,007,527 4.90
Texas Instruments Inc
TXN US
1,823,434
343,662,606 4.82
Lam Research Corp
LRCX US
451,375
324,606,331 4.56
Top 10 Total (%) 59.16
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Country Weightings (%) as of 12/31/21

  • Country

    % of Net Assets
  • United States

    79.10
  • Taiwan Region

    9.71
  • Netherlands

    8.81
  • Switzerland

    2.29
  • Other/Cash

    0.08

Sector Weightings (%) as of 12/31/21

  • Sector

    % of Net Assets
  • Information Technology

    99.9
  • Other/Cash

    0.1