At a glance
SHOC charges 0.4% a year. It has $278.1M in assets; it paid 0.12% of its price in distributions over the past 12 months, quarterly. Over the past year it returned +48.0% with distributions reinvested (S&P 500: +11.5%); over three years it returned +50.2% a year. Its ten largest positions make up 75.7% of the fund, out of 30 in all.
The short version
Strive U.S. Semiconductor ETF (SHOC) is an index fund that tracks the Bloomberg U.S. Listed Semiconductors Select Index, a basket of 30 U.S.-listed chip companies led by NVIDIA, Micron and Broadcom. The index leaves out companies tied to China, Taiwan or Hong Kong. It also gives smaller weights to firms that earn less of their revenue from chips. The fund charges 0.40% a year, and its price swings much more than the broad stock market's.
Price history
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SHOC +48.0% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| SHOC official prospectus, to Dec 31, 2025 | — | +49.83% | — | — | — | +37.09% |
| SHOC price data to Oct 27, 2026 | +48.1% | +48.0% | +50.2% | — | — | +46.7% |
- Over the year to Oct 27, 2026, SHOC returned +48.0%.
- Its worst full calendar year was 2024 (+16.8%); its best was 2023 (+62.0%).
- The deepest fall in its price history was 40.8% (Jul 10, 2024 to Mar 26, 2025), recovered by Jul 10, 2025.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +48.1% | — |
| 2025 | +49.9% | +49.83% |
| 2024 | +16.8% | +16.71% |
| 2023 | +62.0% | +61.70% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Before this security existed |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Before this security existed |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.0900 | |
| 2025 | $0.1600 | 0.0% |
| 2024 | $0.1600 | -38.5% |
| 2023 | $0.2600 |
What's inside
As of Jun 30, 2026, the fund held 30 securities; the ten largest made up 75.7% of assets, and 2.05% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| NVIDIA Corp | 17.26% | |
| Micron Technology Inc | 13.81% | |
| Broadcom Inc | 9.52% | |
| Applied Materials Inc | 6.53% | |
| KLA CORP | 5.10% | |
| Advanced Micro Devices Inc | 5.00% | |
| ASML Holding NV | 4.95% | |
| Lam Research Corp | 4.87% | |
| Intel Corp | 4.53% | |
| MARVELL TECHNOLOGY INC | 4.13% | |
| Texas Instruments Inc | 3.77% | |
| Analog Devices Inc | 2.99% | |
| Cadence Design Systems Inc | 1.60% | |
| QUALCOMM Inc | 1.51% | |
| Synopsys Inc | 1.32% |
By country
United States 89.1%Netherlands 6.79%Ireland 0.9%United Kingdom 0.75%Israel 0.42%By asset type
Stocks 97.96%By sector
Sectors of the companies held, for the 84.6% of the fund in companies that have a stock page here; other holdings and cash aren't classified. Source: N-PORT holdings report as of Jun 30, 2026. Cash, money-market funds and derivatives are shown separately from the securities list.What changed recently
- Over the three months to Jun 30, 2026, investors added a net $12.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +32.24%, +17.04%, +9.41%.
How it works
SHOC tracks an index run by Bloomberg Index Services. Analysts at Bloomberg Intelligence start with a list of candidate companies. Software then scans filings, earnings call transcripts and news for chip-related terms. Analysts give each company two scores from 1 to 3. One measures how much of its revenue will come from semiconductors over the next 3 to 5 years; a 1 means more than 50%. The other rates how well it can compete, such as its ability to ramp up production. To qualify, a company needs a 1 on at least one score and must be listed on a U.S. exchange. Its main revenue source and its management base can't be China, Taiwan or Hong Kong.
The index picks the 30 largest companies by free-float market value (the value of shares the public can trade). That value is cut in half or to one-third for firms with less chip revenue. No company can exceed 22.5%, and companies above 4.5% can't total more than 45%. Between quarterly rebalances, weights can drift past these limits. As of June 30, 2026, NVIDIA was 17.26% of the fund, Micron 13.81%, and the top ten 75.7%.
It is a plain stock fund with no leverage, options or derivatives. It is passive, so it won't sell a stock just because the stock is doing badly. Portfolio turnover was 22%.
What it really costs
- SHOC charges 0.4% a year.
- Using the prospectus's standard example, $10,000 invested would cost about $41 in the first year and $505 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| SHOC | $41 | $128 | $224 | $505 |
In a retirement portfolio
SHOC holds 30 stocks in one cyclical industry and has swung far more than the overall market, so it fits better as a small add-on than as a foundation.
SHOC launched on October 6, 2022, days before the 2022 bear market ended. It has no record in the 2008 crisis or the 2020 COVID crash. Every full calendar year so far has been positive, and its weakest, 2024, returned 16.7%. But that hides sharp swings. The fund fell 40.8% from July 10, 2024 to March 26, 2025, then got back to its old high on July 10, 2025, about 3.5 months after the low. A retiree forced to sell near that low would have locked in a deep loss. Income is minimal: the trailing yield was 0.12% as of October 27, 2026, paid quarterly. The cost is 0.40% a year. In the SEC's standard example, that comes to $505 over 10 years on $10,000. Past results don't predict future returns, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors wanting a limited, deliberate stake in U.S.-listed chip designers and equipment makers such as NVIDIA, Micron and Applied Materials, at 0.40% a year.
- Those who prefer to exclude chip companies whose revenue base or management is in China, Taiwan or Hong Kong.
- Long-term holders able to sit through drops like the 40.8% fall from July 2024 to March 2025 without selling.
Look elsewhere if
- Anyone seeking income: the trailing yield was just 0.12% as of October 27, 2026.
- Investors wanting broad diversification: it holds 30 stocks in one industry, with the top ten at 75.7% of assets as of June 30, 2026.
- Retirees who may need to draw on savings soon; its one-year volatility of 42% means large losses can arrive quickly.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
No close alternatives found.
Questions investors ask
What does SHOC ETF hold?
SHOC holds 30 U.S.-listed semiconductor stocks. As of June 30, 2026, the largest were NVIDIA (17.26%), Micron Technology (13.81%), Broadcom (9.52%), Applied Materials (6.53%), KLA (5.1%) and Advanced Micro Devices (5%). The top ten made up 75.7% of the fund. U.S. companies were 89.1% of assets, and Netherlands-based companies such as ASML were 6.79%. The fund also owns chip-design software makers such as Cadence Design Systems and Synopsys.
Does SHOC own Chinese or Taiwanese chip companies?
No. To join the Bloomberg U.S. Listed Semiconductors Select Index, a company must be listed on a U.S. exchange. Its country of risk and its country of domicile also can't be China, Taiwan or Hong Kong. Country of risk is based mainly on where its revenue comes from, and domicile on where its senior managers are based. That rules out some large chipmakers based in those places, even if their shares trade in the U.S.
What is the SHOC expense ratio?
SHOC's expense ratio is 0.40% a year, according to its prospectus filed October 28, 2026. The whole amount is the management fee, and there is no fee waiver. In the SEC's standard example, $10,000 invested with a 5% yearly return would cost about $41 after one year, $128 after three, $224 after five and $505 after ten.
Does SHOC pay a dividend?
Yes, but very little. SHOC pays distributions quarterly. Over the 12 months through October 27, 2026, it paid $0.12 per share, a trailing yield of 0.12%. Many of its chip holdings put cash back into research and new factories instead of large dividends. That makes the fund a poor fit for anyone who needs regular income from their investments.
How has SHOC performed since it launched?
Very strongly, with big swings along the way. Its prospectus shows returns of 61.7% in 2023, 16.71% in 2024 and 49.83% in 2025. Since its October 2022 start, it averaged 37.09% a year through December 31, 2025. Its strongest quarter gained 34.05% (second quarter of 2025), and its worst lost 13.49% (first quarter of 2025). It also fell 40.8% from July 2024 to March 2025.