VanEck Semiconductor ETF
SMH
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- VanEck Semiconductor ETF (SMH) is an exchange-traded fund that tracks the MVIS US Listed Semiconductor 25 Index, providing investors with targeted exposure to the largest and most liquid U.S.-listed semiconductor companies. The ETF offers a portfolio of semiconductor producers, including those engaged in integrated device manufacturers and semiconductor equipment and materials providers; it holds positions in leading firms such as NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company Limited (ADR), Broadcom Inc., ASML Holding N.V. (ADR), and Advanced Micro Devices, Inc., among others, with a focus on companies deriving at least 50% of revenue from semiconductors or related equipment. SMH operates globally through its U.S.-listed shares, serving institutional and retail investors seeking growth in the technology and semiconductor sectors. VanEck was founded in 1955 and is headquartered in New York, New York, as part of VanEck Associates Corporation, an independent investment management firm offering a range of ETFs across asset classes including equities, fixed income, commodities, and digital assets. The firm manages SMH with a low expense ratio of 0.35%, emphasizing high trading volume and market capitalization weighting within its benchmark index, which is reviewed quarterly for constituent changes. SMH targets the semiconductor industry segment, a critical enabler of artificial intelligence, data centers, consumer electronics, and automotive technologies, with geographic exposure primarily to U.S., Taiwan, Netherlands, and other regions through ADRs. In recent developments, VanEck launched several AI and technology-focused ETFs in 2023 and 2024, including the VanEck Semiconductor ETF's continued prominence amid the AI boom, alongside expansions like the VanEck Crypto and Blockchain Innovators ETF enhancements. The firm announced strategic partnerships and product innovations in 2025, such as new leveraged and inverse ETFs tied to semiconductors, reflecting surging demand driven by generative AI investments; additionally, VanEck expanded its ETF lineup with climate and nuclear energy funds in late 2024, complementing SMH's role in the broader tech ecosystem. No major acquisitions or name changes have occurred for SMH itself within the last two years, though VanEck continues to grow assets under management exceeding $100 billion across its 100+ ETFs.