The iShares S&P NA Technology Semiconductor Index Fund (SOXX) Shows Big Trailing-Three-Year Muscle



Checking in with SOXX: an introduction

The iShares S&P North America Tech Semiconductor Index Fund (SOXX) tracks the performance of 30 publicly listed companies in the semiconductor sector. It has a market capitalization of approximately $44.3 billion.

The ETF’s top 5 holdings and their respective weights in the portfolio follow:

  • Intel Corporation (INTC)—8.8%
  • Texas Instruments (TXN)—8.7%
  • Qualcomm (QCOM)—7.9%
  • Avago Technologies (AVGO)—7.2%
  • Taiwan Semiconductors (TSM)—5.9%

SOXX is mainly comprised of companies that are involved in the design, distribution, manufacturing, and sale of semiconductors. It has an expense ratio of 0.47% and the average daily volume of shares traded is $50.4 million. The PE (price-to-earnings) ratio of SOXX is approximately 22.2x, whereas its PB (price-to-book) and distribution yield stood at ~3.4x and 1.9%, respectively, as of December 23, 2015.

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As of December 23, 2015, SOXX has generated investor returns of -2.9% in the trailing-12-month period and 0.3% in the trailing-one-month period. In comparison, SOXX generated 21.6% in the trailing-three-year period and 11.5% in the trailing-five-year period. As of December 23, SOXX’s share price has increased by 5.7% YTD (year-to-date) and 12.4% over the trailing-three-month period.

SOXX’s geographic exposure

SOXX has the following exposures worldwide:

  • 83.2% in the United States
  • 7.2% in Singapore
  • 5.9% in Taiwan
  • 1.84% in Netherlands
  • 1.8% in the United Kingdom

S&P’s Capital IQ has given an overall rating of “market weight” to the ETF, but it has rated SOXX “overweight” on the basis of performance analytics and cost factors.

Continue to the next part of this series for a look at Micron’s and Qorvo’s performances as of December 23, 2015.


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