SMHX ETF — VanEck Fabless Semiconductor ETF

VanEck Fabless Semiconductor ETF (SMHX)

SMHX is an ETF that tracks the MarketVector US Listed Fabless Semiconductor Index. its distribution rate is 0.02%, its trailing-12-month yield is 0.02%, its expense ratio is 0.35%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 129.6% over the past 2.1 years, 89.6 points ahead of SPY at 40.0%.

At the current 0.02% distribution rate, a $10,000 investment would generate approximately $2 per year if the next payment matches the last regular one.

VanEck Fabless Semiconductor ETF is an ETF that tracks the MarketVector US Listed Fabless Semiconductor Index, which comprises U.S.-listed companies that design and sell semiconductor chips while outsourcing their fabrication to other manufacturers. The fund distributes annually at a minimal rate and carries an expense ratio of 0.35%. It appeals to investors seeking exposure to the fabless semiconductor segment of the technology sector, though its very low distribution rate makes it primarily suitable for those prioritizing capital appreciation rather than current income.

SMHX performance versus SPY

Price and return data through 2026-09-18.

Total return is 129.6% over the past 2.1 years, 89.6 points ahead of SPY at 40.0%. Over the past year its total return — price change plus distributions reinvested — is 48.5%. Its deepest 1-year drawdown was 24.9%.

SMHX key facts

Distribution Safety Score™

50 · Unproven

Issuer

VanEck

Asset type

ETF

Asset class

Equity

Inception date

08/27/2024

Expense ratio

0.35%

Distribution rate

0.02%

Distribution frequency

Annual

Trailing yield

0.02%

Last close

$57.05 (as of 2026-09-18)

NAV

$54.07

Premium / discount

5.51% premium

AUM

$272,494,531

Average volume

21700.0

Last dividend

$0.009

Last ex-dividend date

12/22/2025 (as of 2025-12-22)

Last payment date

12/26/2025 (as of 2025-12-26)

Beta

2.2504

P/E ratio

40.8689

How Dividend Vision calculates yield and returns

Distribution rate (0.02%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (0.02%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: VanEck or company page; Index: MarketVector US Listed Fabless Semiconductor Index; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

SMHX risks and drawbacks

SMHX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 24.9%.

Who may consider SMHX — and who may not

It is a weaker fit for investors who need monthly cash flow (SMHX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Compare SMHX

SMHX vs similar funds:

• SMHX vs SMH
• SMHX vs SOXX
• SMHX vs DRAM

Frequently asked questions

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