US-listed · NASDAQ · FIF-eligible (above NZ$50K)
VanEckSMHVanEck Semiconductor ETF
Tracks the MVIS US Listed Semiconductor 25 Index — 25 largest US-listed semiconductor companies (Nvidia, TSMC, Broadcom, ASML, AMD, etc).
Updated Reviewed quarterly
About this fund
What is SMH?
SMH is the US-listed ticker for VanEck Semiconductor ETF, issued by VanEck. Tracks the MVIS US Listed Semiconductor 25 Index — 25 largest US-listed semiconductor companies (Nvidia, TSMC, Broadcom, ASML, AMD, etc). TER is 0.35% per year. Distributions are paid annual.
Next typical distribution: December.SMH typically pays in Dec. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy SMH from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 SharesiesSharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 HatchHatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 StakeStake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive BrokersInteractive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger BrokersTiger Brokers | US$2 flat per US trade (to 200 shares) | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Invest DirectInvest Direct | From NZ$29.90 per trade | Undisclosed margin on conversion | NZ$0 | US trading must be switched on by request, and covers a curated list of US securities — check this ticker is on it. |
 ASB SecuritiesASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is SMH taxed for NZ investors?
SMH is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000(source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to SMH
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| FNZ | NZ Top 50 (FNZ) Smartshares · NZX | 0.50% | 3.2% | Semi-annual | PIE | SMH vs FNZ |
| NZ20 | Kernel NZ 20 Kernel · Unlisted | 0.25% | — | Quarterly | PIE | SMH vs NZ20 |
| TNZ | NZ Top 10 (TNZ) Smartshares · NZX | 0.60% | 1.9% | Semi-annual | PIE | SMH vs TNZ |
| VTI | VTI Vanguard · NYSE Arca | 0.03% | 1.0% | Quarterly | FIF | SMH vs VTI |
| QQQ | QQQ Invesco · NASDAQ | 0.18% | — | Quarterly | FIF | SMH vs QQQ |
Distribution history
Last 12 distributions — SMH
SMH typically distributes dec. Per-payment history (amount + ex-date + payment date for the last 12 distributions) is published authoritatively on the issuer's own fact sheet and corporate-actions page. We have not yet verified a per-payment history for this fund against the issuer's records, so we point at the authoritative sources below rather than estimating.
Next typical distribution month: December. The exact ex-date and payment date are set by VanEck — verify on the issuer source below before relying on a specific date.
Authoritative sources for distribution history
- VanEck SMH product page — corporate actions + distribution announcements
- VanEck SMH fact sheet PDF — historical distribution table
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about SMH
What is the SMH ETF?⌄
SMH is the VanEck Semiconductor ETF — it tracks the MVIS US Listed Semiconductor 25 Index, holding the 25 largest US-listed semiconductor companies. Top holdings include Nvidia, TSMC ADR, Broadcom, ASML, AMD, Qualcomm, Applied Materials. TER is 0.35%, distributions paid annually. Yield ~— (low — semis reinvest rather than pay dividends).
SMH vs SOXX — which semiconductor ETF?⌄
Both track US-listed semiconductor companies but with different indexes. SMH tracks the MVIS index (top 25 by market cap, weighted by float-adjusted cap). SOXX tracks the PHLX SOX index (~30 companies, modified-cap weighting). SMH is more concentrated in mega-caps; SOXX more equal-weighted. Same TER (0.35%). Performance typically within 0.3-0.5% of each other annually.
Can NZ residents buy SMH?⌄
Yes. SMH is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply (FDR method most common — 5% × MV × marginal rate). Note: semiconductor sector is high-volatility; the FDR floor + sector volatility interaction can produce poor after-tax outcomes in down years.
Should I hold SMH alongside QQQM or VGT?⌄
Heavy overlap. Semi mega-caps (Nvidia, AVGO, AMD) are ~25-30% of QQQM (Nasdaq-100) and ~30-35% of VGT (Vanguard Information Technology). Holding SMH on top of QQQM or VGT compounds tech-sector overweight. Some investors do this for a deliberate semi tilt; others see it as concentrated tech exposure that increases portfolio risk without diversification.
Where to buy SMH from New Zealand
The platforms below all support SMH. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch
Sharesies
Interactive Brokers
Stake
Tiger BrokersFees + platform details verified against each provider's published rate card. Always check the current schedule before transacting.Full platform comparison →
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Sources for this SMH data
The figures on this page come from the documents below. We do not pull live prices; the data is reviewed against issuer fact sheets and exchange listings (last reviewed 2026-07-05). Which figures have been checked against the issuer by machine, rather than by eye, is stated below — an unchecked figure is labelled as such rather than left ambiguous.
- ○Total expense ratioNot independently verified — check the issuer documents below before relying on it. We review unsourced figures by 2027-03-04; if no issuer publishes one by then, this figure is removed rather than left standing.
Issuer product page
vaneck.com/us/en/investments/semiconductor-etf-smh/overview/
Fact sheet (PDF)
vaneck.com/us/en/investments/semiconductor-etf-smh-fact-sheet.pdf
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Compare
SMH against the alternatives
2 side-by-side comparisons covering fee, yield and NZ tax wrapper. Characteristics, not recommendations.
| Comparison | The other fund | Its TER |
|---|---|---|
| SMH vs VGT | VGT | 0.09% |
| SMH vs SOXX | SOXX | 0.33% |
Related ETFs and resources
SOXX — iShares Semiconductor (sibling)
Same sector exposure, different index methodology. Same 0.33% TER.
VGT — Vanguard Information Technology (broader)
Broader tech-sector exposure (semis + software + services). 0.09% TER.
QQQM — Invesco Nasdaq-100
Tech-heavy Nasdaq-100; ~30% in semis.
SOXL — 3× leveraged semiconductor (high risk)
Tactical-trading-only; daily-reset decay applies.
Best semiconductor ETFs for NZ
Curated comparison of all semiconductor options for NZ investors.
