Franklin Intelligent Machines ETF
IQM
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- Franklin Intelligent Machines ETF (IQM) is an exchange-traded fund that seeks to provide investment results corresponding to the price and yield performance, before fees and expenses, of the IQ Intelligent Machines Index. The fund invests at least 80% of its assets in securities comprising the underlying index, which tracks companies involved in artificial intelligence, robotics, and automation technologies; this includes holdings in semiconductors, industrial robotics, autonomous vehicles, and machine learning software providers. It offers investors targeted exposure to the intelligent machines theme through a passively managed portfolio of approximately 40-60 equity securities selected based on proprietary quantitative models emphasizing innovation and revenue growth in AI-driven sectors. Headquartered in San Mateo, California, and managed by IndexIQ Advisors LLC—a subsidiary of Franklin Templeton—the ETF was launched in 2021 as part of Franklin Templeton's suite of thematic investment products. Geographically, IQM provides diversified exposure primarily to U.S.-listed companies with significant operations in North America, Europe, and Asia, targeting institutional and retail investors focused on long-term growth in automation and AI industries. The fund employs a tiered weighting methodology to mitigate concentration risk, with top holdings typically including leaders like NVIDIA, Intuitive Surgical, and ABB Ltd. In recent developments, Franklin Templeton completed the acquisition of IndexIQ in 2020, integrating IQM into its broader ETF platform and enhancing distribution through its global network; this was followed by portfolio optimizations in 2024 to incorporate emerging leaders in generative AI and edge computing amid surging demand for intelligent systems. The ETF saw a strategic index rebalance in mid-2025 to boost allocations to humanoid robotics and AI infrastructure firms, reflecting accelerated adoption post-ChatGPT advancements. No major funding rounds or name changes have occurred, but IQM benefited from Franklin Templeton's expanded partnerships with robo-advisors and wirehouses to broaden retail access.