Displays share price activity. Volume = number of shares traded, Turnover = value of shares traded, VWAP = volume-weighted average price for the day, sourced from Morningstar.
Last (Price)
487.41
Change
▲ 23.45 (5.05)
Bid / Ask
485.69 - 492.55
Volume
3,124,678
Turnover
1,207,105,507
Open
464.93
Day Range
462.88 - 490.47
VWAP
483.43
Prev Close
463.96
Last Trade
10/11 4:00pm
Fund profile
Displays who issues the fund, how it is structured and invests, its Morningstar category and benchmark, size, headline costs and dates, sourced from Morningstar. Fund size counts every class of the fund; ETF net assets is this listing alone.
Fund size
$60.69B
NOV 2026
Distributions
Annually
Since inception
14.9 yrs
DEC 2011
Legal name
VanEck Semiconductor ETF
Issuer
VanEck
Type
Exchange-Traded Fund
Structure
Open Ended Investment Company
Management style
Index fund
Morningstar category
Technology
Category index
Morningstar US Tech TR USD
Benchmark
MSCI ACWI NR USD
ETF net assets
$60.69B
Units on issue
130.8M
Management fee
0.35% p.a.
Domicile
United States
Base currency
USD
Inception
20 DEC 2011
Listed
11 DEC 2019
Index provider
MSCI Inc.
Objective and strategy
The investment 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 fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index includes common stocks and depositary receipts of U.S. exchange-listed companies in the semiconductor industry. Such companies may include medium-capitalization companies and foreign companies that are listed on a U.S. exchange. The fund is non-diversified.
Asset allocation
Displays how the fund is split between shares, bonds, cash and other assets, sourced from Morningstar.
US equity 80.67%Non-US equity 19.29%
Asset class
Net %
Long %
Short %
Equity
99.95
99.95
—
Bond
0.00
0.00
—
Cash
0.05
0.05
—
Other
0.00
0.00
—
Sector exposure
Displays the share of the fund held in each sector, sourced from Morningstar.
Cyclical 0.00%Sensitive 100.00%Defensive 0.00%
Technology
100.00%
Basic Materials
0.00%
Consumer Cyclical
0.00%
Financial Services
0.00%
Real Estate
0.00%
Communication Services
0.00%
Energy
0.00%
Industrials
0.00%
Consumer Defensive
0.00%
Healthcare
0.00%
Utilities
0.00%
Region exposure
Displays the share of the fund held in each region, sourced from Morningstar.
Developed markets 100.00%Emerging markets 0.00%
North America
80.49%
Asia Developed
14.90%
Europe Developed
4.61%
Latin America
0.00%
United Kingdom
0.00%
Europe Emerging
0.00%
Africa / Middle East
0.00%
Japan
0.00%
Australasia
0.00%
Asia Emerging
0.00%
Country exposure
Displays the twelve countries the fund holds most of, sourced from Morningstar.
United States
80.49%
Taiwan
9.98%
Netherlands
4.61%
South Korea
3.99%
Singapore
0.93%
Style box
Displays where the fund's shareholdings sit on Morningstar's style box: size (large, mid, small) down and investment style (value, blend, growth) across, sourced from Morningstar.
LargeMidSmallValueBlendGrowth
Style
Large Growth
Average moat
Wide
Size score
319
SmallMidLarge
Value-growth score
285
ValueBlendGrowth
Economic moat
Wide 74%Narrow 14%None 11%
Market capitalisation
Displays the share of the fund's shareholdings in giant, large, mid, small and micro cap companies, sourced from Morningstar.
Giant
56.01%
Large
33.31%
Mid
10.68%
Small
0.00%
Micro
0.00%
Giant 56%Large 33%Mid 11%
Average market cap
$657.42B
Number of holdings
26
Shares held
25
Portfolio statistics · 7 NOV 2026
Displays the valuation, yield, size, concentration and quality of the fund's shareholdings taken together (trailing twelve months), sourced from Morningstar.
Price / earnings
28.36
Price / book
9.77
Price / sales
11.12
Price / cash flow
24.08
Dividend yield
0.60%
Assets in top 10
69.97%
Return on equity
46.55%
Net margin
40.39%
Earnings growth (3 yr)
25.41%
Top holdings · top 10 = 69.05% of assets
Displays the fund's ten largest holdings and their weight in the portfolio, sourced from Morningstar.
Displays total returns after fees at net asset value, the return at the ASX market price, the return before fees, and where the fund ranks among funds in its Morningstar category, sourced from Morningstar.
Fund (NAV)Market price
1M
-14.1
3M
-3.2
6M
3.2
YTD
45.2
1Y
44.5
3Y
56.2
5Y
31.5
10Y
32.6
Period
Fund (NAV) %
Market price %
Before fees %
Rank in category
1 month
-14.07
-14.21
-14.04
8 / 346
3 months
-3.24
-3.34
-3.16
72 / 322
6 months
3.18
3.11
3.36
14 / 300
Year to date
45.17
45.08
45.59
8 / 297
1 year
44.48
44.37
44.98
7 / 288
3 years p.a.
56.21
56.20
56.76
1 / 244
5 years p.a.
31.54
31.52
32.00
2 / 222
10 years p.a.
32.61
32.59
33.07
1 / 157
Returns to 31 OCT 2026, periods of 3 years and longer annualised. Rank is the percentile in the Morningstar category at 30 SEP 2026 (1 = best) over the funds ranked.
Calendar year returns
Displays the total return after fees and the capital (price) return for each calendar year, with the fund's rank in its Morningstar category, sourced from Morningstar.
TotalCapital
2016
35.4
2017
38.3
2018
-8.9
2019
64.5
2020
55.3
2021
42.2
2022
-33.5
2023
73.2
2024
39.1
2025
49.2
Year
Total %
Capital %
Rank in category
2025
49.16
48.71
4 / 251
2024
39.10
38.49
8 / 271
2023
73.22
72.19
4 / 267
2022
-33.48
-34.26
36 / 268
2021
42.24
41.52
5 / 252
2020
55.31
54.25
40 / 231
2019
64.49
62.06
1 / 230
2018
-8.95
-10.62
80 / 208
2017
38.31
36.36
35 / 205
2016
35.41
34.33
1 / 207
2015
-0.11
-2.20
86 / 203
Risk statistics · 31 OCT 2026
Displays how the fund has moved relative to its category index: alpha (return beyond the index), beta (sensitivity to it), R-squared (how much the index explains), volatility and risk-adjusted returns, sourced from Morningstar.
1 year
3 years
5 years
10 years
Alpha
22.68
11.74
17.32
14.56
Beta
2.41
2.12
1.85
1.53
R-squared
53.98
54.70
58.79
58.68
Standard deviation
47.52
33.85
35.50
29.28
Sharpe ratio
0.91
1.37
0.84
1.03
Sortino ratio
1.80
2.91
1.52
1.85
Tracking error
38.18
26.35
25.95
20.34
Information ratio
0.85
1.30
0.83
1.00
Upside capture %
177.31
190.61
179.45
169.72
Downside capture %
25.68
97.74
113.52
108.69
Maximum drawdown %
-17.68
-18.40
-39.90
-39.90
Measured against Morningstar Global TME NR USD with USTREAS T-Bill Auction Ave 3 Mon as the risk-free rate, to 31 OCT 2026. Maximum drawdown is on gross returns at the latest quarter end.
Portfolio risk score
Displays Morningstar's Portfolio Risk Score for the fund's holdings, how closely the ETF tracks its index day to day, the estimated cost of holding it against the index, the cost of trading it at market size, and its best and worst quarters since inception, sourced from Morningstar.
Risk score
108.4
Cash 0
Global shares 100
Morningstar Portfolio Risk Score at 30 SEP 2026.
Market impact cost %
0.000
Best quarter
71.45% · JUN 2026
Worst quarter
-24.34% · JUN 2022
Fees and costs
Displays the fund's ongoing costs as a percentage of assets per year: the PDS management fees and costs, performance fee and transaction costs that make up the total cost ratio (the RG 97 forward estimate, and what was charged last financial year), and the buy / sell spread, sourced from Morningstar.
Management fees and costs
0.35% p.a.
PDS dated
1 FEB 2026
Distributions
Displays the most recent distribution paid per unit and its key dates, sourced from Morningstar.
Latest distribution
1.1047
Ex Date
22 DEC 2025
Record Date
22 DEC 2025
Pay Date
26 DEC 2025
NAV at ex date
359.79
Distributions by year
Displays the total distributions paid per unit in each calendar year, sourced from Morningstar.
2024
1.1
2023
1.1
2022
1.0
2021
1.2
2020
0.8
2019
0.8
2018
1.1
2017
0.8
2016
0.7
2015
0.3
Year
Per unit ($)
2024
1.1047
2023
1.0713
2022
1.0427
2021
1.2005
2020
0.7867
2019
0.7511
2018
1.0611
2017
0.8190
2016
0.6980
2015
0.2880
Distribution history
Displays the most recent distributions by ex date, sourced from Morningstar.
Ex Date
Per unit ($)
22 DEC 2025
1.1047
23 DEC 2024
1.0713
18 DEC 2023
1.0427
19 DEC 2022
1.2005
20 DEC 2021
0.7867
21 DEC 2020
0.7511
23 DEC 2019
1.0611
20 DEC 2018
0.8190
18 DEC 2017
0.6980
19 DEC 2016
0.2880
21 DEC 2015
0.5705
22 DEC 2014
0.3160
Sustainability rating · 31 AUG 2026
Displays the Morningstar Sustainability Rating (1 to 5 globes, more is better) and the portfolio ESG risk score behind it (lower is less risk), against the average of the fund's global category, sourced from Morningstar and Sustainalytics.
High
ESG risk score
14.91
NegligibleLowMediumHighSevere
Rank in category
4th percentile
Environmental risk
6.47
Social risk
4.64
Governance risk
3.80
Portfolio covered
100.0%
ESG risk of holdings
Displays the share of the covered portfolio held in companies with negligible, low, medium, high and severe ESG risk, sourced from Morningstar and Sustainalytics.
Negligible
5.10%
Low
82.01%
Medium
12.89%
High
0.00%
Severe
0.00%
0.00% of assets are in companies with high or severe controversies.
Carbon · 31 AUG 2026
Displays the portfolio carbon risk score (lower is less exposure to the transition to a low-carbon economy), the share of the portfolio in companies with fossil fuel revenue, and whether the fund earns Morningstar's Low Carbon Designation, sourced from Morningstar and Sustainalytics.
Carbon risk score
2.42
LowMediumHighSevere
Category average 4.26
Carbon risk
Low Risk
Rank in category
9th percentile of 624 funds
Fossil fuel involvement
0.00%
Category average
0.68%
Low Carbon Designation
Yes
Portfolio covered
100.0%
Fund managers
Displays the people Morningstar lists as managers of the fund, sourced from Morningstar.
PLPeter H. Liao
GDGriffin Driscoll
Tenure
Displays how long the managers have run the fund: the average and longest tenure, who has served longest, the latest appointment and how many other funds the team manages, sourced from Morningstar.
Number of managers
2
Average tenure
8.8 years
Longest tenure
14.9 years
Longest serving
Peter H. Liao · since 20 DEC 2011
Most recent appointment
Griffin Driscoll · since 1 FEB 2024
Managed since
20 DEC 2011
Other funds managed
58
Displays all company announcements released by the company to the exchange, sourced from Morningstar.
Announcements
Announcements are available for ASX-listed companies only.
The VanEck Semiconductor ETF (SMH US) is arguably one of the purest listed expressions of the AI trade, because it owns the companies supplying the chips and manufacturing equipment at the heart of the AI infrastructure build-out. Although its top heavy, Nvidia alone represented ~23% of the ETF, followed by TSMC (10%), Broadcom (6%), Micron (6%), AMD (5.3%) and ASML (5.0%), giving the ETF concentrated exposure across AI accelerators, memory, foundries and semiconductor equipment.
The heavyweight US semiconductor ETFs, the SOXX + SMH, have experienced volatile flows, which shouldn’t come as a surprise considering the gyrations across the sector.
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