Franklin Intelligent Machines ETF (IQM) is a deep-tech ETF. As of October 9, 2026, ETF Copilot scores IQM 7.8 out of 10 — highest on Growth (10.0), lowest on Risk (1.0). It trades at 35.4 times earnings, against its own median of 43.4. Its ten largest holdings are 44% of the fund.
What stands out in IQM's data
A focused strategy in deep tech and thematic innovation.
Has outpaced most peers over the last three years — the growth has been real.
A 36% annualized return over three years beats the 31% category median. It also earns 33.6% on invested capital, a sign of strong profitability.
A thematic sleeve for portfolios seeking targeted exposure to deep tech and innovation.
Why did IQM move this week? It fell 2.7% in the week to October 9, 2026 — Sandisk and Celestica drove it
IQM fell 2.7% in the week to October 9, 2026. The holdings that moved it most were Sandisk (−8.0%), Celestica (−6.5%) and Teradyne (−10.3%); Arista Networks (+4.5%) pushed the other way.
How is IQM rated? ETF Copilot scores Franklin Intelligent Machines ETF (IQM) 7.8 out of 10
As of October 9, 2026, ETF Copilot scores Franklin Intelligent Machines ETF (IQM) 7.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 7.8 / 10
- Growth: 10.0 / 10
- Value: 8.9 / 10
- Risk: 1.0 / 10
- Quality: 8.4 / 10
- Return: 9.1 / 10
Is IQM expensive right now? It trades at 35.4 times earnings, against its own median of 43.4
As of October 9, 2026, IQM is cheaper than 90% of its own 77 monthly readings since 2020 — 8 of those months were cheaper than today.
Trailing twelve-month, computed by ETF Copilot from the fund's holdings rather than quoted from a data provider, and rebuilt nightly.
What's inside IQM? 69% Tech
What's inside IQM: Size (Large 88%, Mid 11%, Small 1%); Geography (International 29%, US 71%); Tech 69.1%; Magnificent 7 15.3%; AI 22.9%; Semiconductors 40.6%; Memory 29.9%.
What are IQM's top holdings? The ten largest are 44% of the fund
Nvidia, Taiwan Semiconductor, Celestica, Sandisk, Broadcom, Apple, Bloom Energy, GE Vernova, Teradyne and Arista Networks are IQM's largest holdings, in that order.
More concentrated than 51% of Deep Tech ETFs.
Half of IQM's weight sits in its 13 largest positions, and once those weights are taken into account it behaves like 34 equally weighted holdings.
What is IQM's expense ratio? 0.50% a year
As of October 9, 2026, IQM charges 0.50% a year and holds $89M in assets across 79 positions.
| Measure | IQM |
|---|---|
| Expense ratio | 0.50% |
| Assets under management | $89M |
| Holdings | 79 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Franklin Intelligent Machines ETF (IQM) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/iqm
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