VanEck Semiconductor ETF

VanEck ETF Trust · Series S000034411 · 1 share classes

Equity fund · 100% stocks
One fund, 1 share classes:SMH
$77.20B NAV
26 positions · as of 2026-06-30 · filed 2026-08-26
data updated 2026-09-08

Fund profile

As filed in the prospectus · 2026 Q1

VanEck Semiconductor ETF (the Fund) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Semiconductor 25 Index (the Semiconductor Index or the Index).

Strategy · summarised

The fund uses a passive indexing approach to track the MVIS US Listed Semiconductor 25 Index, holding securities of the 25 largest U.S. exchange-listed semiconductor companies by free-float market capitalization and trading volume; eligible companies must derive at least 50% of revenues from semiconductors or semiconductor equipment. The fund is classified as non-diversified and may invest a greater percentage of its assets in a particular issuer. Because the index concentrates in the semiconductor industry, the fund's portfolio reflects that concentration.

Expenses
0.35%one share class
Share classExpense ratio
SMH0.35%

Portfolio turnover 12.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.95%
of net assets
Stocks99.95%
Cash & short-term0.00%

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 0 new0 exited

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

1-year
+140.36%
3-year
+315.21%
5-year
+329.74%
Volatility
36.10%
Worst 3-yr fall
-18.61%
Cumulative return· Jul 2023 – Apr 2026

May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA17.55%$13.55B
Taiwan Semiconductor Manufacturing Co LtdTSM9.29%$7.17B
Applied Materials IncAMAT5.74%$4.43B
Micron Technology IncMU5.67%$4.38B
Advanced Micro Devices IncAMD5.63%$4.35B
KLA CorpKLAC5.57%$4.30B
Lam Research CorpLRCX5.31%$4.10B
Broadcom IncAVGO5.28%$4.08B
Intel CorpINTC5.15%$3.97B
ASML Holding NV5.04%$3.89B
Showing 10 of 26Sign in to see more

Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.

Top 10 positions are 70.24% of net assets, top 25 99.95%, across 26 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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