SMH

The VanEck Semiconductor ETF (SMH) invests in equity securities of companies that design, manufacture, or sell semiconductors and related equipment, primarily U.S.-listed firms but also includes foreign companies listed in the United States. It follows a passive, full‑replication approach to track the MVIS US Listed Semiconductor 25 Index, holding the largest and most liquid semiconductor companies that generate the majority of their revenue from semiconductor activities. The fund offers concentrated exposure to the global semiconductor supply chain, making it suitable for investors seeking sector‑specific growth or diversification within technology who are comfortable with higher volatility and a longer‑term investment horizon.