# FMQQ (FMQQ The Next Frontier Internet ETF)

EMQQ Global · Thematic ETFs · data as of Sep 11, 2026

FMQQ holds 38 stocks, and 100% of its weight is outside the S&P 500.

## Key facts

- FMQQ, already in the S&P 500: 0.0%, as of Sep 11, 2026.
- FMQQ, active share vs the S&P 500: 100.0%, as of Sep 11, 2026.
- FMQQ, top ten holdings: 63.7%, as of Sep 11, 2026.
- FMQQ, total return, 1 year: −17.5%, as of Sep 11, 2026.
- FMQQ, net assets: $20m (SEC filing, whole fund, as filed for May 31, 2026).
- FMQQ, expense ratio: 0.86% (485BPOS XBRL, Dec 22, 2025).

## FMQQ over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +11.7% | +3.3% | +8.4 pts | +12.5 pts |
| 6 months | +11.8% | +16.0% | −4.2 pts | −8.9 pts |
| 1 year | −17.5% | +17.5% | −35.0 pts | −40.5 pts |
| 3 years | +16.8% | +77.9% | −61.1 pts | −78.3 pts |
| Since launch | −49.1% | +88.0% | −137.0 pts | −153.5 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Internet and e-commerce | ETFIQ, editorial |
| Launched | Sep 28, 2021 | ETFIQ |
| Already in the S&P 500, by weight | 0.0% | ETFIQ |
| Active share vs the S&P 500 | 100.0% | ETFIQ |
| Already in the Nasdaq-100, by weight | 8.1% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.6% | ETFIQ |
| Top ten holdings weight | 63.7% | ETFIQ |
| Holdings | 38 | ETFIQ |
| Holdings as of | May 31, 2026 | SEC N-PORT |
| Top holdings | BAJAJ FINANCE LIMITED 8.2%, MercadoLibre, Inc. 8.1%, RELIANCE INDUSTRIES LIMITED 7.9%, Eternal Ltd 7.8%, Nu Holdings Ltd. 7.5%, SEA LIMITED 6.5%, Joint Stock Company Kaspi.kz 6.4%, GRAB HOLDINGS LIMITED 4.0%, JIO FINANCIAL SERVICES LIMITED 3.8%, NAVER Corporation 3.5% | ETFIQ |
| Net assets | $20m | SEC filing, whole fund, as filed for May 31, 2026 |
| Below its all-time high | −50.8% | ETFIQ |
| Expense ratio | 0.86% | 485BPOS XBRL, Dec 22, 2025 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.86% | ETFIQ |
| Closest funds by holdings overlap | EMQQ 54%, INQQ 44%, KYC 16%, FDNI 12% | ETFIQ |

## Questions

### How much of FMQQ is in S&P 500 companies?

By its holdings filed for May 31, 2026, 0% of FMQQ by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different.

### What does FMQQ hold?

38 positions as filed for May 31, 2026, with the top ten at 64% of the fund. The largest are BAJAJ FINANCE LIMITED at 8.2%, MercadoLibre, Inc. at 8.1%, RELIANCE INDUSTRIES LIMITED at 7.9%.

### Has FMQQ beaten the S&P 500?

Over the year to Sep 11, 2026 FMQQ returned −17.5% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 35.0 points.

### What does FMQQ cost?

The prospectus expense ratio is 0.86% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.86%.


## Cite this page

ETFIQ, FMQQ, data as of Sep 11, 2026. https://etfiq.com/funds/fmqq
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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