ATLASVanEck Fabless Semiconductor ETF (SMHX): outlook, holdings and fees
VanEck Fabless Semiconductor ETF (SMHX) is an exchange-traded fund and is managed by VanEck. The expense ratio is 0.33% and the yield is 0.01%. The ten largest holdings are 73% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on SMHX
| Last price | $51.47 (-0.5%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 49% |
| Likely 1-month range (50%) | $47.20 – $55.70 |
| Normal 1-day range (±1σ) | ±2.8% |
| Distribution yield | 0.01% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
SMHX fund facts
| Issuer | VanEck |
|---|---|
| Theme | Semiconductors |
| Assets under management | $286M |
| Expense ratio | 0.33% |
| Number of holdings | 22 |
| Inception | Aug 27, 2024 |
| Exchange | NASDAQ |
The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.
SMHX top holdings
| Holding | Sector | Weight |
|---|---|---|
| NVIDIA Corporation NVDA | Technology | 18.91% |
| Broadcom Inc AVGO | Technology | 11.35% |
| Advanced Micro Devices Inc AMD | Technology | 7.74% |
| Marvell Technology Group Ltd MRVL | Technology | 5.19% |
| Synopsys Inc SNPS | Technology | 5.62% |
| Credo Technology Group Holding Ltd CRDO | Technology | 5.15% |
| Cadence Design Systems Inc CDNS | Technology | 5.29% |
| Monolithic Power Systems Inc MPWR | Technology | 4.81% |
| Astera Labs, Inc. ALAB | Technology | 4.51% |
| Qualcomm Incorporated QCOM | Technology | 4.39% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
SMHX sector breakdown
| Sector | Weight |
|---|---|
| Technology | 100.0% |
By region: North America 96.4%, Asia Emerging 2.8%, Asia Developed 0.8%.
SMHX returns and risk
| Year to date | +69.3% |
|---|---|
| 1 year | +62.9% |
| Volatility (3 years) | 0.0% |
| Sharpe ratio (3 years) | 0.00 |
Past returns do not guarantee future results.
SMHX: frequently asked questions
What does SMHX invest in?
VanEck Fabless Semiconductor ETF invests in a portfolio of securities. Its largest holdings are NVIDIA Corporation (18.9%), Broadcom Inc (11.4%), Advanced Micro Devices Inc (7.7%), Marvell Technology Group Ltd (5.2%), Synopsys Inc (5.6%).
What is the SMHX expense ratio?
0.33% a year: about $33.00 for every $10,000 invested.
What is the SMHX dividend yield?
0.01%. ATLAS does not hold the exact distribution dates for ETFs.
Will SMHX go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 49%, with a likely range (50%) of $47.20 to $55.70 from $51.47 today. It is a probability, not a prediction.
How has SMHX performed?
Year to date +69.3%, one year +62.9%. Past returns do not guarantee future results.
Similar ETFs: Semiconductors
Educational information, not investment advice. Disclaimer