VanEck Announces Stock Split for its Semiconductor ETF
VanEck announces a 2-for-1 forward stock split for the VanEck Semiconductor ETF (NASDAQ: SMH), effective at market open on May 4, 2023. Investors holding shares as of the close on May 3, 2023 will have their shares split accordingly. The ETF will maintain the same CUSIP and ticker symbol, with new shares trading at a split-adjusted price. This action is part of VanEck's strategy to enhance investor benefits based on factors like market price and trading volume. Importantly, forward stock splits do not affect the market value of an investor's holdings, nor do they incur tax consequences. VanEck manages approximately $76.4 billion in assets across various investment vehicles, focusing on both active and passive strategies.
- The stock split aims to enhance liquidity and make shares more accessible for investors.
- No impact on the overall market value of the ETF or tax implications for shareholders.
- VanEck has a robust asset management history with approximately $76.4 billion in managed assets.
- None.
The effective date of the split will be at market open on
Fund |
Ticker |
CUSIP |
Split Ratio |
VanEck Semiconductor ETF |
SMH |
92189F676 |
2:1 |
All investors owning shares of the Fund as of the close of trading on
VanEck periodically assesses its ETF lineup to determine when and where share splits would most benefit investors. A number of factors are considered, including ETF market price, bid-ask spread and trading volume.
About VanEck
VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first
Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of
Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.
Important Disclosures
This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities/financial instruments mentioned herein. The information herein represents the opinion of the author(s), but not necessarily those of VanEck, and these opinions may change at any time. Non-VanEck proprietary information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Not intended to be a forecast of future events, a guarantee of future results or investment advice. Historical performance is not indicative of future results. Current data may differ from data quoted. Any graphs shown herein are for illustrative purposes only.
An investment in the Fund may be subject to risks which include, among others, risks related to investing in the semiconductor industry, equity securities, special risk considerations of investing in Asian, European and Taiwanese issuers, foreign securities, emerging market issuers, foreign currency, depositary receipts, medium-capitalization companies, issuer-specific changes, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount risk and liquidity of fund shares, non-diversified, and industry concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Medium-capitalization companies may be subject to elevated risks.
Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of the Fund carefully before investing. To obtain a prospectus and summary prospectus, which contains this and other information, call 800.826.2333 or visit vaneck.com/etfs. Please read the prospectus and summary prospectus carefully before investing.
800.826.2333
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Source: VanEck
FAQ
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