SMH 是整个芯片板块的首选：它持有美国最大的 25 家芯片公司，被动管理，年费率 0.35%，且跑赢了费率更高的指数；在经历大量抛售后，该基金年内仍上涨逾 40%，自说话者去年早些时候买入以来已上涨 100%。
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因此，我选择的跟踪整个芯片板块的基金是 VanEck Semiconductor ETF，股票代码是 SMH。
Therefore, my choice for a fund that tracks the entire chip sector is the VanEck Semiconductor ETF, its ticker symbol is SMH.
该基金包含美国25家最大的上市芯片公司，按市值排名，每家公司约占基金的20%。这就是为什么 Nvidia 的股票约占该基金的20%，其余投资包括 Taiwan Semiconductor、AMD 和 Micron 的股票，以及我在这期视频中到目前为止介绍过的所有其他公司。
This fund includes the 25 largest publicly traded chip companies in the United States, ranked by market capitalization, with each company representing approximately 20% of the fund.
That's why Nvidia stocks make up about 20% of the fund, while the rest of its investments include Taiwan Semiconductor, AMD, and Micron stocks, as well as all the other companies I've covered in this video so far.
不过，与我提到的其他基金不同，SMH 基金是被动管理型，年费为0.35%，尽管它的表现优于那些通常收费更高的指数。
However, unlike the other funds I mentioned, the SMH fund is passively managed with an annual fee of 0.35%, despite outperforming indices that typically charge higher fees.
即便经历了这轮大幅抛售，该基金自年初以来仍上涨超过40%，自我去年早些时候买入以来已上涨100%，这说明聚焦精准、管理高效的基金是不靠运气也能致富的绝佳方式。
Even after the heavy selling, the fund is up more than 40% since the start of the year, and 100% since I took it earlier last year, showing that smartly focused and efficiently managed funds are a great way to get rich without relying on luck.
例如，SMH 的方框与 EUV 和 Chat 的方框都重叠约30%。SMH 基金配置约40%，因为它覆盖整个半导体行业，采用被动管理，而且费用非常低。
For example, the SMH box overlaps with both the EUV and Chat boxes by approximately 30%. The SMH fund allocates about 40% because it covers the entire semiconductor industry, is passively managed, and has very low fees.