The VanEck Fabless Semiconductor ETF (NASDAQ:SMHX) has ripped higher in 2026, gaining 58.48% year to date through July 6, and it does not own a single share of the world's largest chipmaker.
The VanEck Fabless Semiconductor ETF (SMHX) was launched on August 27, 2024, and is a passively managed exchange traded fund designed to offer broad exposure to the Technology - Semiconductors segment of the equity market.
VanEck Fabless Semiconductor ETF (SMHX) offers concentrated exposure to capital-light semiconductor developers positioned for multi-tiered growth cycles. SMHX benefits from surging data center investment, AI-driven chip demand, and cyclical upswing in analog and microcontroller segments. Purpose-built chips and analog sector M&A activity provide additional growth catalysts, with SMHX poised for market-beating returns.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| KMT Kirk M. Tokheim Ameritas Advisory Services LLC | 6,178 | $234,251.93 | $362,957.5 | $128,705.57 | 54.94% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 4 | $152.12 | $235.66 | $83.54 | 54.92% |
Dave Reichert Echo45 Advisors LLC | 16,902 | $642,655.08 | $953,188.29 | $310,533.21 | 48.32% |
| BP Brett Pohl Kingdom Financial Group LLC | 526 | $20,008 | $29,955.7 | $9,947.7 | 49.72% |
Christopher C. Powers Farther Finance Advisors, LLC | 1,000 | $38,033.25 | $55,450.9 | $17,417.65 | 45.8% |
| NASDAQ (NMS) Exchange | US Country |
The entity described is an investment fund that primarily focuses on the semiconductor industry, specifically targeting fabless semiconductor companies. These companies are characterized by their business model, which does not involve the direct manufacturing (fabrication) of semiconductor devices; instead, they design and sell hardware and delegate the manufacturing to specialized semiconductor foundries. The investment approach of the fund adheres to the criterion that at least 80% of its total assets must be invested in securities that are included in its benchmark index, the Fabless Index. This benchmark is specifically composed of U.S.-listed common stocks of companies that generate at least 50% of their revenue from the semiconductor sector and are considered fabless. It is important to note that this fund is classified as non-diversified, implying a concentrated investment strategy in the semiconductor sector, which may involve higher risks and volatility compared to diversified funds.
The main product offered by the fund is its investment vehicle targeting the fabless semiconductor industry. This focus allows investors an opportunity to invest in a curated index of fabless semiconductor companies, leveraging the growth and innovation in the semiconductor industry without the need for direct investment in individual stocks. Below is a breakdown of the fund's primary offering: