The VanEck Semiconductor UCITS ETF (VVSM) is an Ireland-domiciled equity ETF managed by VanEck.

The fund seeks to track the performance of the MarketVector US Listed Semiconductor 10% Capped Screened Index, a benchmark composed of the largest and most liquid U.S. exchange-listed companies with significant exposure to the semiconductor and semiconductor equipment industries.

VVSM provides thematic exposure to the global semiconductor industry through companies listed on U.S. exchanges, including businesses headquartered in different countries. The fund follows a passive investment strategy and uses physical replication to track its benchmark. It operates under the UCITS framework and follows an accumulating income policy.

The MarketVector US Listed Semiconductor 10% Capped Screened Index includes 25 companies listed on U.S. exchanges. To be eligible for inclusion, companies must generate at least 50% of their revenue from semiconductors or semiconductor equipment and meet size and liquidity requirements. 

Composition / Exposure Profile

VVSM is concentrated in the information technology sector and, more specifically, the semiconductor industry, including activities such as:

• Semiconductor manufacturing.

• Chip and processor development.

• Semiconductor manufacturing equipment.

• GPUs and other advanced computing components.

• Memory and storage.

Although all constituents are traded on U.S. exchanges, the fund provides exposure to companies headquartered in different countries. Markets represented include the United States, the Netherlands, and Taiwan, reflecting the international nature of the semiconductor supply chain.

The portfolio provides exposure to companies operating across different parts of the semiconductor industry, from chip development and manufacturing to equipment used in semiconductor production. 

Structure and Costs

VVSM has listings across European exchanges and can be traded in different currencies. The fund's base currency is the U.S. dollar. The ETF has a total expense ratio (TER) of 0.35% per year and uses physical replication. It is domiciled in Ireland and operates under the UCITS framework.

VVSM is an accumulating share class, meaning dividends and other income generated by its holdings are reinvested within the fund rather than distributed periodically to shareholders.

History and Evolution of the ETF

The VanEck Semiconductor UCITS ETF (VVSM) was launched in 2020 by VanEck to provide thematic exposure to the semiconductor industry through companies listed on U.S. exchanges.

Since its launch, the fund has maintained a passive strategy linked to the MarketVector US Listed Semiconductor 10% Capped Screened Index, providing exposure to companies involved in semiconductor production and related equipment.

Throughout its history, the fund's performance has reflected cycles in the semiconductor industry and changes in demand for chips and equipment used across areas such as artificial intelligence, data centers, electronics, and advanced computing.

Additional Information

VanEck Semiconductor UCITS ETF (Ireland) is an exchange-traded fund (ETF), with assets under management totaling $3.50 billion.

Over the past 12 months, VanEck Semiconductor UCITS ETF recorded a return of 0.00%, with its price trading between $0.00 and $0.00 during the same period.

The ETF is traded under the ticker VVSM.