VanEck Fabless Semiconductor ETF
SMHX
NASDAQ Global Market- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 666 Third Avenue, 9th Floor New York NY United States of America 10017
- IPO Date
- Aug 28, 2024
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck Fabless Semiconductor ETF (SMHX) is an exchange-traded fund that seeks to track the performance of the MarketVector US Listed Fabless Semiconductor Index, providing targeted exposure to U.S.-listed companies involved in the design, development, and production of semiconductor chips on a fabless basis, outsourcing manufacturing to third-party foundries. The ETF's portfolio comprises 23 holdings in the information technology sector, with top positions including NVIDIA Corp (approximately 19-20%), Broadcom Inc (13-14%), Advanced Micro Devices Inc, Marvell Technology Inc, Qualcomm Inc, Synopsys Inc, Rambus Inc, Monolithic Power Systems Inc, Cadence Design Systems Inc, and Cirrus Logic Inc, representing over 70% of net assets; it focuses on firms emphasizing research and development, intellectual property, and innovation in advanced chip design for applications such as artificial intelligence, high-performance computing, and connectivity. Primarily targeting institutional and retail investors seeking capital-efficient exposure to the fabless segment of the semiconductor industry, the fund operates globally through its holdings' geographic footprint, with approximately 88% U.S.-based companies, and the remainder in Bermuda, the United Kingdom, Taiwan Region, and minor cash positions. Launched on August 27, 2024, and domiciled in the United States under VanEck ETF Trust, managed by Van Eck Associates Corporation headquartered in New York, NY, the ETF maintains a net expense ratio of 0.35% and total net assets exceeding $160 million as of late 2025. In a key recent development, VanEck introduced SMHX in August 2024 as a thematic complement to its established VanEck Semiconductor ETF (SMH), capitalizing on the growing fabless model amid U.S. manufacturing incentives like the CHIPS Act to enhance innovation and deployment capabilities in the sector.