SMH's largest holdings are NVIDIA CORP, TAIWAN SEMICONDUCTOR-SP ADR, BROADCOM INC, ASML HOLDING NV EUR 0.09 ADR, KLA Corp. The full top list is on this page.

How concentrated is SMH?

The top 10 holdings are 72.2% of the fund, across 26 positions.

The total expense ratio on record is 0.35%. That is cheaper than 66% of the 2561 US-listed equity funds we track.

Which sectors dominate SMH?

By weight of its equity holdings: Technology 99.2%.

What is SMH's P/E ratio?

Computed from company annual reports and filed position values, SMH's weighted price-to-earnings ratio is 30.6, covering 95.0% of the fund by weight. The weighted price-to-book ratio is 7.94.

US-listed

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.

VanEck Semiconductor ETF

VanEck

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Concentration

Highly concentratedtop 10 = 72.2%

diversifiedconcentrated

GROWTH · NAV (USD)rebased to 0%

Holdings

as of 2026-03-31

Top 10

72.2%

TER

0.35%

cheaper than 66% of peers

Net assets

US$41.0B

Largest

19.6%

P / E

30.6

covers 95.0% by weight

Sections

Holdings as of 2026-03-31.

01Overview

the fund's regulatory facts

Fund currency

USD

Volatility 1Y

37.3%

How it tracks

Index, full replication

02Valuation and performance

price · as of 2026-07-23

-6.7%

+20.4%

+44.0%

YTD

+61.1%

+103.1%

Valuation25 companies covered · weighted, profitable holdings only

30.6

price / earnings

covers 95.0% by weight

3.3%

earnings yield

7.94

price / book

covers 88.0% by weight

Computed from company filings and reported position values. How this is computed. Not investment advice.

03Holdings

26 largest · as of 2026-03-31

#	Company	Identifier	Weight
1	NVIDIA CORP US	NVDA	19.6
2	TAIWAN SEMICONDUCTOR-SP ADR TW	TSM	11.8
3	BROADCOM INC US	AVGO	7.8
4	ASML HOLDING NV EUR 0.09 ADR NL	ASML	5.0
5	KLA Corp US	KLAC	4.7
6	ANALOG DEVICES, INC. US	ADI	4.7
7	ADVANCED MICRO DEVICES US	AMD	4.7
8	Texas Instruments Inc US	TXN	4.6
9	LAM RESEARCH CORPORATION US	LRCX	4.6
10	Applied Materials Inc US	AMAT	4.6
11	Intel Corp US	INTC	4.3
12	Micron Technology Inc US	MU	4.2
13	QUALCOMM Inc US	QCOM	4.1
14	SYNOPSYS, INC. US	SNPS	2.5
15	CADENCE DESIGN SYSTEMS, INC. US	CDNS	2.4
16	MARVELL TECHNOLOGY, INC. US	MRVL	2.4
17	TERADYNE INC US	TER	1.4
18	NXP Semiconductors N.V. NL	NXPI	1.2
19	MONOLITHIC POWER SYSTEMS, INC. US	MPWR US	1.2
20	MICROCHIP TECHNOLOGY INCORPORATED US	MCHP	1.0
21	STMicroelectronics NV CH	STM	0.9
22	ARM Holdings PLC GB	ARM	0.8
23	ON Semiconductor Corp US	ON	0.6
24	Astera Labs Inc US	ALAB	0.4
25	Skyworks Solutions Inc US	SWKS	0.2
26	State Street Institutional US Government Money Market Fund US	GVMXX	0.1

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04Exposure

Equity 99.9%

By sector

Technology99.2%

By country

USUnited States80.3%

TWTaiwan11.8%

NLNetherlands6.2%

CHSwitzerland0.9%

GBUnited Kingdom0.8%

CurrencyUSD 80.3% TWD 11.8% EUR 6.2% CHF 0.9% GBP 0.8%

05Similar funds

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Curated comparison

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