[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-571109-105":53,"doc-detail-571109-en":127},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":120,"head_meta":122,"extra_data":124,"updated_unix":126},105,"en","vaneck-semiconductor-ucits-etf-smh-morningstar-automated-analysis","VanEck Semiconductor UCITS ETF SMH - Morningstar Automated Analysis","","VanEck Semiconductor UCITS ETF (SMH) Morningstar Automated Analysis summarizes the fund’s Morningstar Medalist Rating, Morningstar RatingTM, ESG Risk Rating, and category benchmarking against the Morningstar Gbl Tech NR USD index and the EAA Fund Sector Equity Technology peer group. The report provides asset size, ongoing charge, yield, replication method, exchange listing, and data coverage. It also discusses pillar assessments (People and Process), notes inheritance of pillar analysis from a related share class, and highlights past 12-month performance versus category and index, including performance disclosure and methodology.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/vaneck-semiconductor-ucits-etf-smh-morningstar-automated-analysis/571109/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/vaneck-semiconductor-ucits-etf-smh-morningstar-automated-analysis/571109.png","ImageObject",442,249,{"name":88,"@type":89},"Aurelia","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-25","2026-10-13",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",8,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What rating does the Morningstar analysis assign to VanEck Semiconductor UCITS ETF (SMH)?","Question",{"text":109,"@type":110},"The report assigns a quantitatively derived Neutral Morningstar Medalist Rating and shows the Morningstar RatingTM as QQQQQ. It also lists an ESG Risk Rating for 31 Aug 2026.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"How does the fund’s reported performance compare with its index and category peers?",{"text":114,"@type":110},"Over the past 12 months, the share class returned 114.4% in USD, outperforming the Morningstar Gbl Tech NR USD Index (42.7%) and its category peers (35.8%).",{"name":116,"@type":107,"acceptedAnswer":117},"What does the report say about the fund’s People and Process pillar scores?",{"text":118,"@type":110},"People is marked as Average, with a note that this share class’ People analysis is inherited from an analyst-covered share class under the same strategy provider company. Process is marked as Low.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},571109,1792096996,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":142},1099514068365,"https://ap-avatar.wpscdn.com/avatar/10000253d8d9f28188e?_k=1776742907772140068","VanEck Semiconductor UCITS ETF SMH  \n\n| Morningstar Medalist Rating | Morningstar RatingTM | ESG Risk Rating | Morningstar Category | Category Index | Prospectus Benchmark |\n| --- | --- | --- | --- | --- | --- |\n| ‰\u003Cbr>31 Aug 2026 00:00 UTC\u003Cbr>Morningstar Automated Analysis,— | QQQQQ\u003Cbr>30 Sep 2026\u003Cbr>1,371 Inv. in Category | ;;;;;\u003Cbr>31 Aug 2026 | EAA Fund Sector Equity Technology | Morningstar Gbl Tech NR USD | MarketVector USListS... NR USD |\n| Total Assets | Ongoing Charge % | 12-Month Yield | Replication Method | 3-Mo. Avg. Daily Vol. (Shrs '000) | Exchange |\n| 9.3 USD Bil | 0.35 | 0.00 | Physical-Full | 285,542 | LONDON STOCK EXCHANGE |\n\nMorningstar Automated Analysis  \nAnalyst-Driven % 20.0  \n\n| Data Coverage %\u003Cbr>Morningstar Pillars |  |  | 94.0 |\n| --- | --- | --- | --- |\n| People (29 Sep 2026) | | Average |  |\n| Process (29 Sep 2026) | | Lowq |  |\n\nSummary  \nRated on Aug 31, 2026. Published on Sep 29, 2026.  \n Morningstar Automated Analysis  \nVanEck Semiconductor ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to  \nParent (29 Sep 2026)  Below Average  \nPerformance (31 Aug 2026)  \nPrice (29 Sep 2026) Score: 2.34  \nHistorical Medalist Rating  \n\n| Œ |  |  |  |\n| --- | --- | --- | --- |\n| „\u003Cbr>| |  |  |\n| ´ |  |  |  |\n| ˇ |  |  | |\n| ¨\u003Cbr>2023 | 2024 | 2025 | 2026 |\n\nMorningstar Medalist Rating  \nMorningstar Medalist Ratings, Pillar Scores, and Medalist Rating Price Scores are assigned based on (1) an analyst’s qualitative assessment, either directly or indirectly or (2) using algorithmic techniques intended to be similar to those an analyst might assign if he/she had covered the vehicle. Investment vehicles are evaluated on three fundamental pillars and Medalist Rating Price Scores. Qualitative investment research is produced and issued by subsidiaries of Morningstar, Inc. Quantitatively-driven analysis is generated using mental models meant to mirror analyst driven written analysis.  \npeers over a full market cycle.  \nPeople: Average  \nNote: This share class' People Pillar rating and analysis are inherited from an analyst-covered share class under the same Strategy Provider Company (rolled up to Branding Name) and Morningstar Category Broad Group: Vaneck Msci International Quality Etf (SecID: F00000UPKB) .  \nProcess: Low  \nThe fund has a concentrated portfolio and moderately represents the EAA Fund Sector Equity Technology category's opportunity set. Available data suggests that the fund should be able to efficiently track its benchmark index. Active managers may hold the upper hand in the EAA Fund Sector Equity Technology category. Passive investing has had better success in other categories.  \nPerformance (in US Dollar)  \nOver the past 12 months, VanEck Semiconductor ETF share class returned 114 .4%, outperforming both its category index, the Morningstar Gbl Tech NR USD Index (42 . 7%), and its Morningstar category peers (35 .8%) .  \nEquity Style  \nValue Blend Growth  \nSmal l Mid Large  \nCentroid  Ownership Zone  \n Investment 09 Oct 2026  \n Category Average 31 Aug 2026  \n Category Index 30 Sep 2026  \n2016  \n2017  \n2018  \n2019  \n2020  \n2021  \n2022  \n2023  \n2024  \n2025  \nYTD  \nInvestment Style  \nEquity Style Box  \nTotal Return %(USD)  \n\n| —\u003Cbr>7.24\u003Cbr>12.72 | —\u003Cbr>37.17\u003Cbr>40.90 | —\u003Cbr>-9.01\u003Cbr>-7.37 | —\u003Cbr>35.33\u003Cbr>43.32 | —\u003Cbr>48.28\u003Cbr>47.03 | 43.56\u003Cbr>13.92\u003Cbr>28.92 | -34.77\u003Cbr>-36.21\u003Cbr>-32.40 | 73.15\u003Cbr>39.30\u003Cbr>52.20 | 23.16\u003Cbr>19.16\u003Cbr>29.13 | 50.11\u003Cbr>25.82\u003Cbr>24.90 | 85.31\u003Cbr>29.84\u003Cbr>34.74 | Investment\u003Cbr>Category Index |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| _ | _ | _ | _ | _ | & | * | & | * | & | N/A | Performance Quartile\u003Cbr>(within Category) |\n| — | — | — | — | — | 5 | 45 | 5 | 39 | 7 | N/A | Percentile Rank |\n| 350 | 384 | 469 | 624 | 825 | 1,052 | 1,324 | 1,514 | 1,586 | 1,716 | 1,819 | \\# of Inv in Cat. |\n\nYTD Investment as of 30","cbCairDZAWdoRAY0","https://ap.wps.com/l/cbCairDZAWdoRAY0","pdf",828961,28,"English","# Morningstar Summary\n## Rating, ESG, and Category Benchmarks\n## Charges, Yield, and Replication Method\n# Pillar Methodology and Notes\n## People and Process Pillar Scores\n## Concentration and Benchmark Tracking\n# Performance and Style\n## 12-Month Performance (USD)\n## Equity Style and Style Box\n## Total Return and Quartile/Percentile\n# Disclosures","[{\"question\":\"What rating does the Morningstar analysis assign to VanEck Semiconductor UCITS ETF (SMH)?\",\"answer\":\"The report assigns a quantitatively derived Neutral Morningstar Medalist Rating and shows the Morningstar RatingTM as QQQQQ. It also lists an ESG Risk Rating for 31 Aug 2026.\"},{\"question\":\"How does the fund’s reported performance compare with its index and category peers?\",\"answer\":\"Over the past 12 months, the share class returned 114.4% in USD, outperforming the Morningstar Gbl Tech NR USD Index (42.7%) and its category peers (35.8%).\"},{\"question\":\"What does the report say about the fund’s People and Process pillar scores?\",\"answer\":\"People is marked as Average, with a note that this share class’ People analysis is inherited from an analyst-covered share class under the same strategy provider company. Process is marked as Low.\"}]","VanEck Semiconductor UCITS ETF SMH - Morningstar Automated Analysis | PDF",1791890338,10]