{
 "ticker": "SMHX",
 "name": "VanEck Fabless Semiconductor ETF",
 "issuer": "VanEck",
 "desk": "themes",
 "url": "https://etfiq.com/funds/smhx",
 "html": "https://etfiq.com/funds/smhx",
 "markdown": "https://etfiq.com/funds/smhx.md",
 "as_of": "2026-09-18",
 "verdict": "SMHX holds 22 stocks, and 34% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "65.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SMHX, already in the S&P 500: 65.8%, as of Sep 18, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "87.1%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SMHX, active share vs the S&P 500: 87.1%, as of Sep 18, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "74.8%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SMHX, top ten holdings: 74.8%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+48.5%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "SMHX, total return, 1 year: +48.5%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$267m",
   "source": "the issuer\u2019s daily holdings, added up, as of Sep 17, 2026",
   "as_of": "2026-09-18",
   "sentence": "SMHX, net assets: $267m (the issuer\u2019s daily holdings, added up, as of Sep 17, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Jan 27, 2026",
   "as_of": "2026-09-18",
   "sentence": "SMHX, expense ratio: 0.35% (485BPOS XBRL, Jan 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Semiconductors",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Aug 28, 2024",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "65.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "87.1%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "69.9%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "81.4%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "74.8%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "22",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 17, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Nvidia Corp 23.1%, Broadcom Inc 14.8%, Advanced Micro Devices Inc 6.4%, Qualcomm Inc 5.2%, Marvell Technology Inc 5.0%, Astera Labs Inc 4.2%, Semtech Corp 4.2%, Arm Holdings Plc 4.1%, Synopsys Inc 4.0%, Monolithic Power Systems Inc 3.8%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$267m",
   "source": "the issuer\u2019s daily holdings, added up, as of Sep 17, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221215.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.35%",
   "source": "485BPOS XBRL, Jan 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.40%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "SMH 50%, SHOC 44%, SOXQ 42%, CHPX 41%, XSD 37%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u221213.9%",
   "S&P 500": "+2.3%",
   "Gap to S&P 500": "\u221216.2 pts",
   "Gap to Nasdaq-100": "\u221211.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+55.4%",
   "S&P 500": "+18.0%",
   "Gap to S&P 500": "+37.4 pts",
   "Gap to Nasdaq-100": "+31.2 pts"
  },
  {
   "window": "1 year",
   "Total return": "+48.5%",
   "S&P 500": "+16.6%",
   "Gap to S&P 500": "+31.9 pts",
   "Gap to Nasdaq-100": "+26.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+129.6%",
   "S&P 500": "+40.0%",
   "Gap to S&P 500": "+89.6 pts",
   "Gap to Nasdaq-100": "+75.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of SMHX is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 17, 2026, 66% of SMHX by weight is stocks the S&P 500 already holds. Its active share against the index is 87%, so that share is the part doing something different."
  },
  {
   "q": "What does SMHX hold?",
   "a": "22 positions as published by its issuer for Sep 17, 2026, with the top ten at 75% of the fund. The largest are Nvidia Corp at 23.1%, Broadcom Inc at 14.8%, Advanced Micro Devices Inc at 6.4%."
  },
  {
   "q": "Has SMHX beaten the S&P 500?",
   "a": "Over the year to Sep 18, 2026 SMHX returned +48.5% with distributions reinvested, against +16.6% for the S&P 500, so it finished ahead of the index by 31.9 points."
  },
  {
   "q": "What does SMHX cost?",
   "a": "The prospectus expense ratio is 0.35% a year. Because 87% of the fund differs from the S&P 500, the fee on that differing part works out at 0.40%."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}