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SMHX ETF — VanEck Fabless Semiconductor ETF
VanEck Fabless Semiconductor ETF (SMHX)
Updated November 6, 2026.
Verdict as of November 6, 2026 close
SMHX's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 0.02%. The latest total cash payment per current share, $0.009 with an ex-date of December 22, 2025, was 18.2% lower than the previous $0.011. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: VanEck page for SMHX, Section 19a-1 notices, scoring methodology.
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 80.2% over the past 2.2 years, 45.5 points ahead of SPY at 34.7%.
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 dividend yield and income
Price as of 2026-11-06.
The distribution rate (0.02%) has no calculation basis on file. Trailing-12-month yield (0.02%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $0.009. The ex-dividend date is 12/22/2025. The payment date is 12/26/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-22 | $0.009 | -18.2% Total cash (unclassified) |
| 2024-12-23 | $0.011 | — |
| 2024 total (partial launch year) | $0.011 | — |
| 2025 total | $0.009 | — |
SMHX holdings and sector exposure
The top 10 holdings are 74.5% of the fund.
| Ticker | Name | Weight |
|---|---|---|
| NVDA | NVIDIA Corporation | 20.49% |
| AVGO | Broadcom Inc | 12.51% |
| AMD | Advanced Micro Devices Inc | 7.12% |
| SNPS | Synopsys Inc | 6.06% |
| CDNS | Cadence Design Systems Inc | 5.83% |
| MPWR | Monolithic Power Systems Inc | 5.32% |
| QCOM | Qualcomm Incorporated | 5.20% |
| CRDO | Credo Technology Group Holding Ltd | 4.31% |
| MRVL | Marvell Technology Group Ltd | 3.90% |
| ARM | Arm Holdings plc American Depositary Shares | 3.75% |
To see how this fund's sectors add up across your own holdings, use True Exposure.
SMHX performance versus SPY
Total return is 80.2% over the past 2.2 years, 45.5 points ahead of SPY at 34.7%. Over the past year its total return — price change plus distributions reinvested — is 11.8%. Its deepest 1-year drawdown was 34.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | -29.6% | — |
| 3M | -22.1% | — |
| 6M | -14.2% | — |
| YTD | 17.7% | — |
| 1Y | 11.8% | — |
| 2Y CAGR | — | 28.30% |
| Since 2024-08-28 (first price on file) · 2.2 years | 80.2% | 30.90% |
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
- $46.90 (as of 2026-11-06)
- AUM
- $242,013,949
- Average volume
- 175,969
- Dividend
- $0.009
- Ex-dividend date
- 12/22/2025
- Payment date
- 12/26/2025
- Beta
- 2.2504
How Dividend Vision calculates yield and returns
Distribution rate (0.02%) has no calculation basis on file. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.02%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. 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.
Yield and safety methodology · 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 34.0%.
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.
More on SMHX
Compare SMHX
SMHX vs similar funds:
Frequently asked questions
Does SMHX pay monthly?
No. SMHX currently pays annual, not monthly.
What index does SMHX track?
SMHX tracks the MarketVector US Listed Fabless Semiconductor Index.
What is SMHX's expense ratio?
SMHX's expense ratio is 0.35%.
What is SMHX's dividend yield?
SMHX's distribution rate is 0.02%, paid annual, with a 0.35% expense ratio — no calculation basis on file.
When does SMHX pay a dividend?
SMHX pays annual. The dividend amount is $0.009. The ex-dividend date is 12/22/2025. The payment date is 12/26/2025.
How has SMHX performed?
Total return is 80.2% over the past 2.2 years, 45.5 points ahead of SPY at 34.7%. Over the past year its total return — price change plus distributions reinvested — is 11.8%. Its deepest 1-year drawdown was 34.0%.
Is SMHX a good investment?
SMHX's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 0.02% (no calculation basis on file). Compare peers below rather than treating any single figure as a buy or sell.
More securities from VanEck.
Tickers
SMHX's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, medium confidence). It pays annual and its distribution rate is 0.02%. The latest total cash payment per current share, $0.009 with an ex-date of December 22, 2025, was 18.2% lower than the previous $0.011. It is not yet confirmed whether this is a cut to the regular payout or a one-off difference.
Sources: VanEck page for SMHX, Section 19a-1 notices, scoring methodology.
Holdings as-of date unavailable.
| Ticker | Name | Weight |
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