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About Horizon Kinetics Inflation Beneficiaries ETF
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Inception date
Jan 11, 2021
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Horizon Kinetics Asset Management LLC
Distributor
Foreside Fund Services LLC
INFL is Horizon Kinetics first ETF launch, with an exposure to global companies expected to be inflation beneficiaries (typically those that can increase revenue without a corresponding increase in expenses in an inflationary environment). Such companies may include: exploration and production companies, mining companies, transportation companies, infrastructure and real estate companies (with an emphasis on asset light businesses with royalty, streaming, rental, brokerage, management, and leasing exposure). INFL may also have significant exposure to securities exchange companies. The funds portfolio will comprise of approximately 20-60 issuers of any market capitalization, and its investments will generally include common stocks, ownership units of publicly traded MLPs (including general and limited partnership interests), as well as units of royalty trusts.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Non-Energy Minerals
Miscellaneous
Stocks93.82%
Finance26.27%
Non-Energy Minerals21.98%
Miscellaneous15.75%
Commercial Services8.24%
Energy Minerals6.15%
Process Industries4.38%
Utilities4.20%
Industrial Services3.26%
Distribution Services1.37%
Health Technology0.89%
Technology Services0.66%
Transportation0.40%
Consumer Services0.24%
Producer Manufacturing0.03%
Bonds, Cash & Other6.18%
Cash6.18%
Stock breakdown by region
North America84.47%
Europe6.76%
Asia5.42%
Oceania3.34%
Latin America0.00%
Africa0.00%
Middle East0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
INFL invests in stocks. The fund's major sectors are Finance, with 26.27% stocks, and Non-Energy Minerals, with 21.98% of the basket. The assets are mostly located in the North America region.
INFL top holdings are LandBridge Company LLC Class A and Wheaton Precious Metals Corp, occupying 8.24% and 7.33% of the portfolio correspondingly.
INFL last dividends amounted to 0.17 USD. The quarter before, the issuer paid 0.21 USD in dividends, which shows a 24.56% decrease.
INFL assets under management is 1.27 B USD. It's risen 7.78% over the last month.
INFL fund flows account for 391.58 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, INFL pays dividends to its holders with the dividend yield of 1.63%. The last dividend (Mar 27, 2025) amounted to 0.17 USD. The dividends are paid quarterly.
INFL shares are issued by Horizon Kinetics Holding Corp. under the brand Horizon. The ETF was launched on Jan 11, 2021, and its management style is Active.
INFL expense ratio is 0.85% meaning you'd have to pay 0.85% of your investment to help manage the fund.
INFL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
INFL invests in stocks.
INFL price has risen by 4.19% over the last month, and its yearly performance shows a 25.27% increase. See more dynamics on INFL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a 4.71% increase in three-month performance and has increased by 29.99% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.53% over the last month, showed a 4.71% increase in three-month performance and has increased by 29.99% in a year.
INFL trades at a premium (0.25%) meaning the ETF is trading at a higher price than the calculated NAV.