# VanEck Semiconductor UCITS ETF Accum A USD (SMGB)

**Page:** https://fundology.uk/fund/smgb · ISIN IE00BMC38736

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, SMGB (VanEck Semiconductor UCITS ETF Accum A USD, ISIN IE00BMC38736) closed at £68.21 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its price changed by +218.2%, or +148.4% after UK CPIH inflation.

## Summary

VanEck Semiconductor UCITS ETF Accum A USD is an exchange-traded fund (ETF) from VanEck, launched in 2020. It tracks the MarketVector US Listed Semiconductor 10% Capped Screened Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£68.21** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | SMGB |
| ISIN | IE00BMC38736 |
| Also listed as | SMH (London Stock Exchange, US dollars), VVSM (Xetra, euros) |
| Category | Technology |
| Type | ETF |
| Provider | VanEck |
| Tracks | MarketVector US Listed Semiconductor 10% Capped Screened Index |
| Income | Accumulating |
| Ongoing charge | 0.35% a year (£35 per £10,000) |
| Fund size | £6.0bn |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/12/2020 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +57.19% | +51.62% | income reinvested |
| 3 years | +202.24% | +173.07% | income reinvested |
| 5 years | +218.22% | +148.39% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of VanEck Semiconductor UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund): 2022 −27.8%, 2023 +66.2%, 2024 +28.8%, 2025 +40.0%; 2026 to 13/11/2026 +43.5%. Returns of VanEck Semiconductor UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +102.8%; to 30/09/2025: +32.3%; to 30/09/2024: +44.8%; to 30/09/2023: +40.5%; to 30/09/2022: −12.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -27.8% | -33.9% | Price |
| 2023 | +66.2% | +59.5% | Price |
| 2024 | +28.8% | +24.4% | Price |
| 2025 | +40.0% | +35.2% | Price |
| 2026 to 13/11/2026 | +43.5% | +38.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 37.94% | -31.80% |
| 3 years | 33.19% | -34.53% |
| 5 years | 31.33% | -34.53% |

## Largest fall

Volatility of VanEck Semiconductor UCITS ETF Accum A USD in pounds, annualised from weekly returns to 13/11/2026: 37.9% over 1 year, 33.2% over 3 years, 31.3% over 5 years. Largest fall in the price of VanEck Semiconductor UCITS ETF Accum A USD since November 2021, in pounds: −34.5% from 12/07/2024 to 04/04/2025. The lowest 12-month return of VanEck Semiconductor UCITS ETF Accum A USD in pounds (price, with income reinvested in the fund) since January 2021 was −27.8% (12 months to 30/12/2022); the highest was +186.2% (12 months to 19/06/2026). On 13/11/2026 the price of VanEck Semiconductor UCITS ETF Accum A USD was 27.1% below its highest weekly close since November 2021 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of VanEck Semiconductor UCITS ETF Accum A USD 0.35% a year. Compared on 14/11/2026, 93 of the 119 other technology funds charge more, 6 the same and 20 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 13/11/2026, SMGB holds 26 positions, according to its published holdings. The largest is Advanced Micro Devices at 12.71% of the fund; the ten largest make up 80.8%.

### Top holdings

Largest positions (as of 13/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 12.71% |
| 2 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 11.52% |
| 3 | TSMC | [2330](https://fundology.uk/stock/2330) | 10.73% |
| 4 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 8.95% |
| 5 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 8.56% |
| 6 | ASML | [ASML](https://fundology.uk/stock/ASML) | 8.40% |
| 7 | SK hynix | [000660](https://fundology.uk/stock/000660) | 7.98% |
| 8 | Intel | [INTC](https://fundology.uk/stock/INTC) | 4.14% |
| 9 | Applied Materials | [AMAT](https://fundology.uk/stock/AMAT) | 3.97% |
| 10 | Lam Research | [LRCX](https://fundology.uk/stock/LRCX) | 3.80% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

Added up from the fund’s published holdings, as of 06/11/2026.

| Country | Weight |
|---|---|
| United States | 70.4% |
| Taiwan | 11.1% |
| Netherlands | 9.7% |
| South Korea | 8.3% |
| Switzerland | 0.5% |

All 26 holdings: https://fundology.uk/fund/smgb/holdings

## Questions people ask

**What is the ongoing charge of SMGB?**

The ongoing charge of SMGB is 0.35% a year — about £35 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of VanEck Semiconductor UCITS ETF Accum A USD 0.35% a year. Compared on 14/11/2026, 93 of the 119 other technology funds charge more, 6 the same and 20 less (share classes counted once).

**What does SMGB track?**

SMGB tracks the MarketVector US Listed Semiconductor 10% Capped Screened Index.

**Is SMGB accumulating or distributing?**

SMGB is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of SMGB?**

The ISIN of SMGB is IE00BMC38736. An ISIN identifies one exact share class of a fund; SMGB is its ticker on the London Stock Exchange. The same share class is also listed as SMH (London Stock Exchange, US dollars) and VVSM (Xetra, euros).

**What does SMGB hold?**

As of 13/11/2026, SMGB holds 26 positions, according to its published holdings. The largest is Advanced Micro Devices at 12.71% of the fund; the ten largest make up 80.8%. Its ten largest holdings are Advanced Micro Devices (12.71%), Broadcom (11.52%), TSMC (10.73%), Micron Technology (8.95%), NVIDIA (8.56%), ASML (8.40%), SK hynix (7.98%), Intel (4.14%), Applied Materials (3.97%) and Lam Research (3.80%).

**What were SMGB’s returns in each of the last five years?**

Calendar-year returns of SMGB in pounds (price, with income reinvested in the fund): 2022 −27.8%, 2023 +66.2%, 2024 +28.8%, 2025 +40.0%; 2026 to 13/11/2026 +43.5%. Past performance is not a guide to future returns.

**How has SMGB done after inflation?**

Over the five years to 13/11/2026 SMGB’s price changed by +218.2%, or +148.4% after UK CPIH inflation. Past performance is not a guide to future returns.

---

We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments.

Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.