The Horizon Kinetics Inflation Beneficiaries ETF is an actively managed ETF that seeks long-term growth of capital in real (inflation-adjusted) terms. It seeks to achieve its investment objective by investing primarily in domestic and foreign equity securities of companies that are expected to benefit, either directly or indirectly, from rising prices of real assets (i.e., assets whose value is mainly derived from physical properties such as commodities) such as those whose revenues are expected to increase with inflation without corresponding increases in expenses.
Data as of: 03/21/2025
-
Ticker
INFL
-
CUSIP
53656F623
-
ISIN
US53656F6236
-
Fund Type
Active Equity ETF
-
Exchange
NYSE
-
Inception Date
1/11/2021
-
Expense Ratio
0.85%
-
Typical Number of Holdings
20 to 60
-
Net Assets
$1,127,901,858
Data as of: 03/24/2025
Daily Holdings
-
% Net Assets
8.55%
-
Name
Landbridge Co LLC
-
Ticker
LB
-
CUSIP
514952100
-
Shares Held
1,251,189
-
Market Value
$96,404,112
-
% Net Assets
6.92%
-
Name
Wheaton Precious Metals Corp
-
Ticker
WPM
-
CUSIP
962879102
-
Shares Held
1,040,333
-
Market Value
$78,024,975
-
% Net Assets
6.53%
-
Name
Texas Pacific Land Corp
-
Ticker
TPL
-
CUSIP
88262P102
-
Shares Held
57,888
-
Market Value
$73,700,107
-
% Net Assets
5.82%
-
Name
US BANK MMDA - USBGFS 7 06/01/2031
-
Ticker
USBGFS7
-
CUSIP
8AMMF0FT3
-
Shares Held
65,659,227
-
Market Value
$65,659,227
-
% Net Assets
5.78%
-
Name
Viper Energy Inc
-
Ticker
VNOM
-
CUSIP
927959106
-
Shares Held
1,473,737
-
Market Value
$65,183,388
-
% Net Assets
4.84%
-
Name
Intercontinental Exchange Inc
-
Ticker
ICE
-
CUSIP
45866F104
-
Shares Held
313,256
-
Market Value
$54,628,714
-
% Net Assets
4.81%
-
Name
PrairieSky Royalty Ltd
-
Ticker
PSK CN
-
CUSIP
BN320L4
-
Shares Held
2,961,745
-
Market Value
$54,256,883
-
% Net Assets
4.19%
-
Name
Franco-Nevada Corp
-
Ticker
FNV
-
CUSIP
351858105
-
Shares Held
303,440
-
Market Value
$47,285,055
-
% Net Assets
3.67%
-
Name
Deutsche Boerse AG
-
Ticker
DB1 GR
-
CUSIP
7021963
-
Shares Held
143,175
-
Market Value
$41,351,521
-
% Net Assets
3.32%
-
Name
Cheniere Energy Inc
-
Ticker
LNG
-
CUSIP
16411R208
-
Shares Held
164,874
-
Market Value
$37,398,369
-
% Net Assets
2.91%
-
Name
Marsh & McLennan Cos Inc
-
Ticker
MMC
-
CUSIP
571748102
-
Shares Held
141,477
-
Market Value
$32,866,522
-
% Net Assets
2.71%
-
Name
TMX Group Ltd
-
Ticker
X CN
-
CUSIP
B8KH5G7
-
Shares Held
842,420
-
Market Value
$30,606,782
-
% Net Assets
2.69%
-
Name
Osisko Gold Royalties Ltd
-
Ticker
OR
-
CUSIP
68827L101
-
Shares Held
1,492,912
-
Market Value
$30,335,972
-
% Net Assets
2.42%
-
Name
Singapore Exchange Ltd
-
Ticker
SGX SP
-
CUSIP
6303866
-
Shares Held
2,786,034
-
Market Value
$27,289,124
-
% Net Assets
2.27%
-
Name
Hawaiian Electric Industries Inc
-
Ticker
HE
-
CUSIP
419870100
-
Shares Held
2,341,851
-
Market Value
$25,643,268
-
% Net Assets
2.18%
-
Name
Cameco Corp
-
Ticker
CCJ
-
CUSIP
13321L108
-
Shares Held
551,501
-
Market Value
$24,558,340
-
% Net Assets
2.15%
-
Name
DigitalBridge Group Inc
-
Ticker
DBRG
-
CUSIP
25401T603
-
Shares Held
2,621,593
-
Market Value
$24,197,303
-
% Net Assets
1.96%
-
Name
ASX Ltd
-
Ticker
ASX AU
-
CUSIP
6129222
-
Shares Held
534,466
-
Market Value
$22,094,476
-
% Net Assets
1.87%
-
Name
Bunge Global SA
-
Ticker
BG
-
CUSIP
H11356104
-
Shares Held
288,178
-
Market Value
$21,109,039
-
% Net Assets
1.79%
-
Name
West Fraser Timber Co Ltd
-
Ticker
WFG
-
CUSIP
952845105
-
Shares Held
265,464
-
Market Value
$20,207,120
-
% Net Assets
1.52%
-
Name
Japan Exchange Group Inc
-
Ticker
8697 JP
-
CUSIP
6743882
-
Shares Held
1,551,096
-
Market Value
$17,115,255
-
% Net Assets
1.52%
-
Name
Glencore PLC
-
Ticker
GLEN LN
-
CUSIP
B4T3BW6
-
Shares Held
4,453,254
-
Market Value
$17,182,900
-
% Net Assets
1.51%
-
Name
Archer-Daniels-Midland Co
-
Ticker
ADM
-
CUSIP
039483102
-
Shares Held
368,549
-
Market Value
$16,990,109
-
% Net Assets
1.51%
-
Name
Aris Water Solutions Inc
-
Ticker
ARIS
-
CUSIP
04041L106
-
Shares Held
533,884
-
Market Value
$17,030,900
-
% Net Assets
1.47%
-
Name
Sitio Royalties Corp
-
Ticker
STR
-
CUSIP
82983N108
-
Shares Held
820,210
-
Market Value
$16,633,859
-
% Net Assets
1.19%
-
Name
CACI International Inc
-
Ticker
CACI
-
CUSIP
127190304
-
Shares Held
36,768
-
Market Value
$13,461,500
-
% Net Assets
1.12%
-
Name
Sandstorm Gold Ltd
-
Ticker
SAND
-
CUSIP
80013R206
-
Shares Held
1,865,905
-
Market Value
$12,669,495
-
% Net Assets
1.09%
-
Name
St Joe Co/The
-
Ticker
JOE
-
CUSIP
790148100
-
Shares Held
266,636
-
Market Value
$12,254,591
-
% Net Assets
1.05%
-
Name
Deterra Royalties Ltd
-
Ticker
DRR AU
-
CUSIP
BJP5T05
-
Shares Held
5,292,654
-
Market Value
$11,836,606
-
% Net Assets
1.03%
-
Name
Brookfield Corp
-
Ticker
BN
-
CUSIP
11271J107
-
Shares Held
217,045
-
Market Value
$11,644,464
-
% Net Assets
0.95%
-
Name
Mesabi Trust
-
Ticker
MSB
-
CUSIP
590672101
-
Shares Held
393,971
-
Market Value
$10,719,951
-
% Net Assets
0.95%
-
Name
Permian Basin Royalty Trust
-
Ticker
PBT
-
CUSIP
714236106
-
Shares Held
1,064,813
-
Market Value
$10,722,667
-
% Net Assets
0.95%
-
Name
Royalty Pharma PLC
-
Ticker
RPRX
-
CUSIP
G7709Q104
-
Shares Held
318,015
-
Market Value
$10,717,106
-
% Net Assets
0.94%
-
Name
Topaz Energy Corp
-
Ticker
TPZ CN
-
CUSIP
BMV3Y21
-
Shares Held
627,671
-
Market Value
$10,606,553
-
% Net Assets
0.90%
-
Name
Wilmar International Ltd
-
Ticker
WIL SP
-
CUSIP
B17KC69
-
Shares Held
4,130,776
-
Market Value
$10,169,300
-
% Net Assets
0.66%
-
Name
Sprott Inc
-
Ticker
SII
-
CUSIP
852066208
-
Shares Held
168,300
-
Market Value
$7,464,105
-
% Net Assets
0.65%
-
Name
London Stock Exchange Group PLC
-
Ticker
LSEG LN
-
CUSIP
B0SWJX3
-
Shares Held
50,367
-
Market Value
$7,297,541
-
% Net Assets
0.61%
-
Name
Altius Minerals Corp
-
Ticker
ALS CN
-
CUSIP
2122355
-
Shares Held
378,934
-
Market Value
$6,830,921
-
% Net Assets
0.58%
-
Name
San Juan Basin Royalty Trust
-
Ticker
SJT
-
CUSIP
798241105
-
Shares Held
1,283,345
-
Market Value
$6,545,060
-
% Net Assets
0.50%
-
Name
Labrador Iron Ore Royalty Corp
-
Ticker
LIF CN
-
CUSIP
B8L02P3
-
Shares Held
269,160
-
Market Value
$5,654,488
-
% Net Assets
0.50%
-
Name
Sabine Royalty Trust
-
Ticker
SBR
-
CUSIP
785688102
-
Shares Held
85,201
-
Market Value
$5,645,418
-
% Net Assets
0.49%
-
Name
Dorchester Minerals LP
-
Ticker
DMLP
-
CUSIP
25820R105
-
Shares Held
183,739
-
Market Value
$5,534,219
-
% Net Assets
0.41%
-
Name
Clarkson PLC
-
Ticker
CKN LN
-
CUSIP
0201836
-
Shares Held
102,825
-
Market Value
$4,667,655
-
% Net Assets
0.14%
-
Name
Cash & Other
-
Ticker
Cash&Other
-
CUSIP
Cash&Other
-
Shares Held
1,549,340
-
Market Value
$1,549,340
-
% Net Assets
0.10%
-
Name
IG Port Inc
-
Ticker
3791 JP
-
CUSIP
B0QJFC7
-
Shares Held
79,000
-
Market Value
$1,137,358
-
% Net Assets
0.10%
-
Name
Toei Animation Co Ltd
-
Ticker
4816 JP
-
CUSIP
6301871
-
Shares Held
53,999
-
Market Value
$1,176,097
-
% Net Assets
0.10%
-
Name
Metalla Royalty & Streaming Ltd
-
Ticker
MTA
-
CUSIP
59124U605
-
Shares Held
390,000
-
Market Value
$1,162,200
-
% Net Assets
0.03%
-
Name
AUSTRALIAN DOLLAR
-
Ticker
AUD
-
CUSIP
CASHAUD
-
Shares Held
595,934
-
Market Value
$373,322
-
% Net Assets
0.03%
-
Name
Lithium Royalty Corp
-
Ticker
LIRC CN
-
CUSIP
BMF9CX2
-
Shares Held
100,000
-
Market Value
$337,130
-
% Net Assets
0.00%
-
Name
JAPANESE YEN
-
Ticker
JPY
-
CUSIP
CASHJPY
-
Shares Held
-6,647,850
-
Market Value
$-44,619
Data as of: 03/24/2025
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
8.55%
Landbridge Co LLC
LB
514952100
1,251,189
$96,404,112
-
6.92%
Wheaton Precious Metals Corp
WPM
962879102
1,040,333
$78,024,975
-
6.53%
Texas Pacific Land Corp
TPL
88262P102
57,888
$73,700,107
-
5.82%
US BANK MMDA - USBGFS 7 06/01/2031
USBGFS7
8AMMF0FT3
65,659,227
$65,659,227
-
5.78%
Viper Energy Inc
VNOM
927959106
1,473,737
$65,183,388
-
4.84%
Intercontinental Exchange Inc
ICE
45866F104
313,256
$54,628,714
-
4.81%
PrairieSky Royalty Ltd
PSK CN
BN320L4
2,961,745
$54,256,883
-
4.19%
Franco-Nevada Corp
FNV
351858105
303,440
$47,285,055
-
3.67%
Deutsche Boerse AG
DB1 GR
7021963
143,175
$41,351,521
-
3.32%
Cheniere Energy Inc
LNG
16411R208
164,874
$37,398,369
-
2.91%
Marsh & McLennan Cos Inc
MMC
571748102
141,477
$32,866,522
-
2.71%
TMX Group Ltd
X CN
B8KH5G7
842,420
$30,606,782
-
2.69%
Osisko Gold Royalties Ltd
OR
68827L101
1,492,912
$30,335,972
-
2.42%
Singapore Exchange Ltd
SGX SP
6303866
2,786,034
$27,289,124
-
2.27%
Hawaiian Electric Industries Inc
HE
419870100
2,341,851
$25,643,268
-
2.18%
Cameco Corp
CCJ
13321L108
551,501
$24,558,340
-
2.15%
DigitalBridge Group Inc
DBRG
25401T603
2,621,593
$24,197,303
-
1.96%
ASX Ltd
ASX AU
6129222
534,466
$22,094,476
-
1.87%
Bunge Global SA
BG
H11356104
288,178
$21,109,039
-
1.79%
West Fraser Timber Co Ltd
WFG
952845105
265,464
$20,207,120
-
1.52%
Japan Exchange Group Inc
8697 JP
6743882
1,551,096
$17,115,255
-
1.52%
Glencore PLC
GLEN LN
B4T3BW6
4,453,254
$17,182,900
-
1.51%
Archer-Daniels-Midland Co
ADM
039483102
368,549
$16,990,109
-
1.51%
Aris Water Solutions Inc
ARIS
04041L106
533,884
$17,030,900
-
1.47%
Sitio Royalties Corp
STR
82983N108
820,210
$16,633,859
-
1.19%
CACI International Inc
CACI
127190304
36,768
$13,461,500
-
1.12%
Sandstorm Gold Ltd
SAND
80013R206
1,865,905
$12,669,495
-
1.09%
St Joe Co/The
JOE
790148100
266,636
$12,254,591
-
1.05%
Deterra Royalties Ltd
DRR AU
BJP5T05
5,292,654
$11,836,606
-
1.03%
Brookfield Corp
BN
11271J107
217,045
$11,644,464
-
0.95%
Mesabi Trust
MSB
590672101
393,971
$10,719,951
-
0.95%
Permian Basin Royalty Trust
PBT
714236106
1,064,813
$10,722,667
-
0.95%
Royalty Pharma PLC
RPRX
G7709Q104
318,015
$10,717,106
-
0.94%
Topaz Energy Corp
TPZ CN
BMV3Y21
627,671
$10,606,553
-
0.90%
Wilmar International Ltd
WIL SP
B17KC69
4,130,776
$10,169,300
-
0.66%
Sprott Inc
SII
852066208
168,300
$7,464,105
-
0.65%
London Stock Exchange Group PLC
LSEG LN
B0SWJX3
50,367
$7,297,541
-
0.61%
Altius Minerals Corp
ALS CN
2122355
378,934
$6,830,921
-
0.58%
San Juan Basin Royalty Trust
SJT
798241105
1,283,345
$6,545,060
-
0.50%
Labrador Iron Ore Royalty Corp
LIF CN
B8L02P3
269,160
$5,654,488
-
0.50%
Sabine Royalty Trust
SBR
785688102
85,201
$5,645,418
-
0.49%
Dorchester Minerals LP
DMLP
25820R105
183,739
$5,534,219
-
0.41%
Clarkson PLC
CKN LN
0201836
102,825
$4,667,655
-
0.14%
Cash & Other
Cash&Other
Cash&Other
1,549,340
$1,549,340
-
0.10%
IG Port Inc
3791 JP
B0QJFC7
79,000
$1,137,358
-
0.10%
Toei Animation Co Ltd
4816 JP
6301871
53,999
$1,176,097
-
0.10%
Metalla Royalty & Streaming Ltd
MTA
59124U605
390,000
$1,162,200
-
0.03%
AUSTRALIAN DOLLAR
AUD
CASHAUD
595,934
$373,322
-
0.03%
Lithium Royalty Corp
LIRC CN
BMF9CX2
100,000
$337,130
-
0.00%
JAPANESE YEN
JPY
CASHJPY
-6,647,850
$-44,619
Data as of: 03/21/2025
-
Net Asset Value
$40.72
-
NAV Change
$-0.62
-
Median 30 Day Spread
%
-
Market Price
$40.78
-
Market Price Change
$-0.57
-
Premium/Discount
$0.06 | 0.14%
Historical Data
Premium/Discount Range (%)
Date
-
Greatest Premium
0.24% 01/28/2025
-
Greatest Discount
-0.30% 03/06/2025
-
Number of Days At
-
Premium:
36
-
NAV:
1
-
Discount:
18
-
Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
100%
-
Number of Days +/- 0.5% of NAV:
55
The Premium/Discount chart shows the difference between the daily market price of the Fund's shares and the Fund's net asset value ("NAV").
Data as of: 12/31/2024
-
NAV
-
1 Month
-10.24%
-
YTD
23.33%
-
1 Year
23.33%
-
3 Year
8.76%
-
5 Year
--
-
Since Inception Annualized
12.94%
-
Market Value
-
1 Month
-9.77%
-
YTD
23.34%
-
1 Year
23.34%
-
3 Year
8.82%
-
5 Year
--
-
Since Inception Annualized
13.00%
Data as of: 12/31/2024
-
1 Month
YTD
1 Year
3 Year
5 Year
Since Inception Annualized
-
NAV
-9.77%
23.34%
23.34%
8.82%
--
13.00%
-
Market Value
-10.24%
23.33%
23.33%
8.76%
--
12.94%
Latest Distribution History
-
Ex-Dividend Date
Dec 24, 2024
-
Record Date
Dec 24, 2024
-
Payable Date
Dec 26, 2024
-
Income
$0.21175479
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.21175479
-
Ex-Dividend Date
Sept 25, 2024
-
Record Date
Sept 25, 2024
-
Payable Date
Sept 26, 2024
-
Income
$0.16746324
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.16746324
-
Ex-Dividend Date
Jun 26, 2024
-
Record Date
Jun 26, 2024
-
Payable Date
Jun 27, 2024
-
Income
$0.13857200
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.13857200
-
Ex-Dividend Date
Mar 27, 2024
-
Record Date
Mar 28, 2024
-
Payable Date
Apr 1, 2024
-
Income
$0.15806195
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.15806195
-
Ex-Dividend Date
Dec 27, 2023
-
Record Date
Dec 28, 2023
-
Payable Date
Dec 29, 2023
-
Income
$0.11419107
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.11419107
-
Ex-Dividend Date
Sept 27, 2023
-
Record Date
Sept 29, 2023
-
Payable Date
Sept 29, 2023
-
Income
$0.14963458
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.14963458
-
Ex-Dividend Date
Jun 28, 2023
-
Record Date
Jun 30, 2023
-
Payable Date
Jun 30, 2023
-
Income
$0.15777420
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.15777420
-
Ex-Dividend Date
Mar 29, 2023
-
Record Date
Mar 30, 2023
-
Payable Date
Mar 30, 2023
-
Income
$0.08044201
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.08044201
-
Ex-Dividend Date
Dec 28, 2022
-
Record Date
Dec 29, 2022
-
Payable Date
Dec 30, 2022
-
Income
$0.08365290
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.08365290
-
Ex-Dividend Date
Sept 28, 2022
-
Record Date
Sept 29, 2022
-
Payable Date
Sept 30, 2022
-
Income
$0.17040667
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.17040667
-
Ex-Dividend Date
Jun 28, 2022
-
Record Date
Jun 29, 2022
-
Payable Date
Jun 30, 2022
-
Income
$0.1788
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.1788
-
Ex-Dividend Date
Mar 29, 2022
-
Record Date
Mar 30, 2022
-
Payable Date
Mar 31, 2022
-
Income
$0.087
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.087
-
Ex-Dividend Date
Dec 28, 2021
-
Record Date
Dec 29, 2021
-
Payable Date
Dec 30, 2021
-
Income
$0.114
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.013
-
Return of Capital
$0.00
-
Total
$0.128
-
Ex-Dividend Date
Sept 28, 2021
-
Record Date
Sept 29, 2021
-
Payable Date
Sept 30, 2021
-
Income
$0.058
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.058
-
Ex-Dividend Date
Jun 28, 2021
-
Record Date
Jun 29, 2021
-
Payable Date
Jun 30, 2021
-
Income
$0.062
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.062
-
Ex-Dividend Date
Mar 29, 2021
-
Record Date
Mar 30, 2021
-
Payable Date
Mar 31, 2021
-
Income
$0.037
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.037
Latest Distribution History
-
Ex-Dividend
DateRecord Date
Payable Date
Income
Short Term
Capital GainLong Term
Capital GainReturn of
CapitalTotal
-
Dec 24, 2024
Dec 24, 2024
Dec 26, 2024
$0.21175479
$0.00
$0.00
$0.00
$0.21175479
-
Sept 25, 2024
Sept 25, 2024
Sept 26, 2024
$0.16746324
$0.00
$0.00
$0.00
$0.16746324
-
Jun 26, 2024
Jun 26, 2024
Jun 27, 2024
$0.13857200
$0.00
$0.00
$0.00
$0.13857200
-
Mar 27, 2024
Mar 28, 2024
Apr 1, 2024
$0.15806195
$0.00
$0.00
$0.00
$0.15806195
-
Dec 27, 2023
Dec 28, 2023
Dec 29, 2023
$0.11419107
$0.00
$0.00
$0.00
$0.11419107
-
Sept 27, 2023
Sept 29, 2023
Sept 29, 2023
$0.14963458
$0.00
$0.00
$0.00
$0.14963458
-
Jun 28, 2023
Jun 30, 2023
Jun 30, 2023
$0.15777420
$0.00
$0.00
$0.00
$0.15777420
-
Mar 29, 2023
Mar 30, 2023
Mar 30, 2023
$0.08044201
$0.00
$0.00
$0.00
$0.08044201
-
Dec 28, 2022
Dec 29, 2022
Dec 30, 2022
$0.08365290
$0.00
$0.00
$0.00
$0.08365290
-
Sept 28, 2022
Sept 29, 2022
Sept 30, 2022
$0.17040667
$0.00
$0.00
$0.00
$0.17040667
-
Jun 28, 2022
Jun 29, 2022
Jun 30, 2022
$0.1788
$0.00
$0.00
$0.00
$0.1788
-
Mar 29, 2022
Mar 30, 2022
Mar 31, 2022
$0.087
$0.00
$0.00
$0.00
$0.087
-
Dec 28, 2021
Dec 29, 2021
Dec 30, 2021
$0.114
$0.00
$0.013
$0.00
$0.128
-
Sept 28, 2021
Sept 29, 2021
Sept 30, 2021
$0.058
$0.00
$0.00
$0.00
$0.058
-
Jun 28, 2021
Jun 29, 2021
Jun 30, 2021
$0.062
$0.00
$0.00
$0.00
$0.062
-
Mar 29, 2021
Mar 30, 2021
Mar 31, 2021
$0.037
$0.00
$0.00
$0.00
$0.037
PERFORMANCE RISK DISCLOSURES
Inception Date: 1/11/2021. Expense Ratio: 0.85%.
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. For performance current to most recent month end please call 646-495-7333.
Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.
Short term performance, in particular is not a good indication of future performance and an investment should not be made based solely on returns.
Resources
-
INFL Factsheet
View PDF -
INFL Overview Presentation
View PDF -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Investor Call – March, 18, 2025
View PDF -
Why INFL? A Complementary Full-Cycle Real Asset Strategy
View PDF -
INFL 2024 Annual Letter
View PDF -
INFL 2024 Semi-Annual Letter
View PDF -
INFL Summary Prospectus
View PDF -
INFL Prospectus
View PDF -
INFL Prospectus Supplement
View PDF -
ETF Annual Financial Statements and Additional Information December 31, 2024
View PDF -
INFL Statement of Additional Information
View PDF -
INFL Statement of Additional Information Supplement
View PDF -
INFL Annual Shareholder Report (TSR) December 31, 2024
View PDF -
INFL Semi-Annual Shareholder Report June 30, 2024
View PDF -
INFL 9/30/2024 Quarterly Schedule of Portfolio Holdings
View PDF -
INFL 3/31/2024 Quarterly Schedule of Portfolio Holdings
View PDF -
Semi-Annual Financial Statements and Additional Information June 30, 2024 (Unaudited)
View PDF -
2024 ETF Distributions
View PDF -
Q3 2024 INFL Distribution
View PDF -
Q2 2024 INFL Distribution
View PDF -
Q1 2024 INFL Distribution
View PDF -
2023 ETF Distribution
View PDF -
2023 Annual Report
View PDF -
Form N-PX Voting Record
View -
INFL 2023 Annual Letter
View PDF -
INFL 2023 Semi-Annual Letter
View PDF -
INFL 2022 Annual Letter
View PDF -
INFL 2022 Semi-Annual Letter
View PDF -
2022 Annual Report
View PDF -
INFL 2021 Annual Letter
View PDF -
INFL Q&A
View PDF -
Press Release on the launch of INFL
View PDF
-
INFL Factsheet
View PDF -
INFL Overview Presentation
View PDF -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Investor Call – March, 18, 2025
View PDF -
Why INFL? A Complementary Full-Cycle Real Asset Strategy
View PDF -
INFL 2024 Annual Letter
View PDF -
INFL 2024 Semi-Annual Letter
View PDF -
INFL Summary Prospectus
View PDF -
INFL Prospectus
View PDF -
INFL Prospectus Supplement
View PDF -
ETF Annual Financial Statements and Additional Information December 31, 2024
View PDF -
INFL Statement of Additional Information
View PDF -
INFL Statement of Additional Information Supplement
View PDF -
INFL Annual Shareholder Report (TSR) December 31, 2024
View PDF -
INFL Semi-Annual Shareholder Report June 30, 2024
View PDF -
INFL 9/30/2024 Quarterly Schedule of Portfolio Holdings
View PDF -
INFL 3/31/2024 Quarterly Schedule of Portfolio Holdings
View PDF -
Semi-Annual Financial Statements and Additional Information June 30, 2024 (Unaudited)
View PDF -
2024 ETF Distributions
View PDF -
Q3 2024 INFL Distribution
View PDF -
Q2 2024 INFL Distribution
View PDF -
Q1 2024 INFL Distribution
View PDF -
2023 ETF Distribution
View PDF -
2023 Annual Report
View PDF -
Form N-PX Voting Record
View -
INFL 2023 Annual Letter
View PDF -
INFL 2023 Semi-Annual Letter
View PDF -
INFL 2022 Annual Letter
View PDF -
INFL 2022 Semi-Annual Letter
View PDF -
2022 Annual Report
View PDF -
INFL 2021 Annual Letter
View PDF -
INFL Q&A
View PDF -
Press Release on the launch of INFL
View PDF
Press
-
Murray Stahl at Hedgeye Fall 2024 Investing Summit: Inflation and Hard Asset Investing (October 9, 2024)
Watch -
Replay - Horizon Kinetics Inflation Beneficiaries ETF (INFL) 9/19/24 Webinar
Watch -
Murray Stahl on Grant’s Interest Rate Observer: Inflation has legs (Originally Published 9/13/2024)
View PDF -
James Davolos on The ROI Podcast: Blueprint for Inflation Survival
Watch -
The Wealth Advisor features Horizon Kinetics’ INFL ETF: A Strategic Approach to Inflation-Proof Investing
Read -
Horizon Kinetics on Money Tree Investing Podcast – Challenging Conventional Wisdom: Alternative Insights From James Davolos (May 2024)
Watch -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Webinar Replay (Event Date: 2/1/2024)
Watch -
Horizon Kinetics Active ETF 2024 Webinar Series
View PDF -
Value Investor Insight - Fertile Ground? (July 2023)
View PDF -
James Davolos on Real Vision Daily Briefing - Should We Still Ride The Inflation Winners? (Aired on 3/9/2023)
Watch -
James Davolos on Swan Signal “Bitcoin, Inflation, and Hard Assets” (Aired on Feb 22, 2023)
Watch -
INFL Annual Letter and Webinar Replay with James Davolos (Event Date: 2/15/23)
View PDF -
James Davolos on On the Margin Podcast "All Eyes on Inflation, A Pause Is Not A Pivot" (Jan 2023)
Watch -
James Davolos on ETF Rundown with Vince Molinari (December 2022)
Watch -
James Davolos on TD Ameritrade Network - Horizon Kinetics Inflation Beneficiaries ETF (INFL): Stocks That Do Well During Inflation (Recorded on 12/15/2022)
Watch -
Murray Stahl on Grant’s Interest Rate Observer: Inflation’s got legs (Originally Published 8/5/2022)
View PDF -
Value Investor Insight - Right Place, Right Time
View PDF -
INFL in Grant’s Interest Rate Observer: Inflation Repellent Review (Originally Published 1/21/2022)
View PDF -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Webinar Replay (Event Date: 2/2/2022)
Watch -
Horizon Kinetics Closing Bell January 7, 2022
Watch -
Diamonds Are An Investor's Best Friend: Contrarian Investing Ideas (Recorded on 11/2/2021)
Watch -
How to Potentially Benefit from Rising Inflation through Equities – CFRA Research
Watch -
ETF.com features INFL with discussion by Portfolio Manager James Davolos By Todd Rosenbluth
Read More -
James Davolos, co-portfolio manager for INFL, appeared on CNBC to discuss his outlooks for inflation (originally aired on July 19, 2021)
Watch -
James Davolos discusses INFL, businesses that (we believe) will profit from inflation, and how this time is different (than 2007/8 GFC) @ETFPrime
Listen -
James Davolos Interview on ETF Strategies to Hedge Against Inflation (Originally published @ZacksResearch - ETF Spotlight Podcast on March 11, 2021)
Listen -
James Davolos On Protecting Yourself Against A Paradigm Shift In Inflation (Originally Published on The Felder Report dated February 24, 2021)
Listen -
Barron's Article: Inflation Is Looming. A Pair of New ETFs May Offer Protection.
Read More -
Value Investor Insight - Trading Up
View PDF
-
Murray Stahl at Hedgeye Fall 2024 Investing Summit: Inflation and Hard Asset Investing (October 9, 2024)
Watch -
Replay - Horizon Kinetics Inflation Beneficiaries ETF (INFL) 9/19/24 Webinar
Watch -
Murray Stahl on Grant’s Interest Rate Observer: Inflation has legs (Originally Published 9/13/2024)
View PDF -
James Davolos on The ROI Podcast: Blueprint for Inflation Survival
Watch -
The Wealth Advisor features Horizon Kinetics’ INFL ETF: A Strategic Approach to Inflation-Proof Investing
Read -
Horizon Kinetics on Money Tree Investing Podcast – Challenging Conventional Wisdom: Alternative Insights From James Davolos (May 2024)
Watch -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Webinar Replay (Event Date: 2/1/2024)
Watch -
Horizon Kinetics Active ETF 2024 Webinar Series
View PDF -
Value Investor Insight - Fertile Ground? (July 2023)
View PDF -
James Davolos on Real Vision Daily Briefing - Should We Still Ride The Inflation Winners? (Aired on 3/9/2023)
Watch -
James Davolos on Swan Signal “Bitcoin, Inflation, and Hard Assets” (Aired on Feb 22, 2023)
Watch -
INFL Annual Letter and Webinar Replay with James Davolos (Event Date: 2/15/23)
View PDF -
James Davolos on On the Margin Podcast "All Eyes on Inflation, A Pause Is Not A Pivot" (Jan 2023)
Watch -
James Davolos on ETF Rundown with Vince Molinari (December 2022)
Watch -
James Davolos on TD Ameritrade Network - Horizon Kinetics Inflation Beneficiaries ETF (INFL): Stocks That Do Well During Inflation (Recorded on 12/15/2022)
Watch -
Murray Stahl on Grant’s Interest Rate Observer: Inflation’s got legs (Originally Published 8/5/2022)
View PDF -
Value Investor Insight - Right Place, Right Time
View PDF -
INFL in Grant’s Interest Rate Observer: Inflation Repellent Review (Originally Published 1/21/2022)
View PDF -
Horizon Kinetics Inflation Beneficiaries ETF (INFL) Webinar Replay (Event Date: 2/2/2022)
Watch -
Horizon Kinetics Closing Bell January 7, 2022
Watch -
Diamonds Are An Investor's Best Friend: Contrarian Investing Ideas (Recorded on 11/2/2021)
Watch -
How to Potentially Benefit from Rising Inflation through Equities – CFRA Research
Watch -
ETF.com features INFL with discussion by Portfolio Manager James Davolos By Todd Rosenbluth
Read More -
James Davolos, co-portfolio manager for INFL, appeared on CNBC to discuss his outlooks for inflation (originally aired on July 19, 2021)
Watch -
James Davolos discusses INFL, businesses that (we believe) will profit from inflation, and how this time is different (than 2007/8 GFC) @ETFPrime
Listen -
James Davolos Interview on ETF Strategies to Hedge Against Inflation (Originally published @ZacksResearch - ETF Spotlight Podcast on March 11, 2021)
Listen -
James Davolos On Protecting Yourself Against A Paradigm Shift In Inflation (Originally Published on The Felder Report dated February 24, 2021)
Listen -
Barron's Article: Inflation Is Looming. A Pair of New ETFs May Offer Protection.
Read More -
Value Investor Insight - Trading Up
View PDF
RESOURCES RISK DISCLOSURES
The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. For performance current to most recent month end please call 646-495-7333.
IMPORTANT RISK DISCLOSURES
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, obtain a statutory prospectus and summary prospectus by contacting 646-495-7333. Read it carefully before investing.
The Horizon Kinetics Inflation Beneficiaries ETF (Symbol: INFL) is an exchange traded fund managed by Horizon Kinetics Asset Management LLC (“HKAM”).
Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The Fund’s investments in securities linked to real assets involve significant risks, including financial, operating, and competitive risks. Investments in securities linked to real assets expose the Fund to potentially adverse macroeconomic conditions, such as a rise in interest rates or a downturn in the economy in which the asset is located.
The Fund is non‐diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund.
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. These risks are greater for investments in emerging markets.
The Fund may invest in the securities of smaller and mid‐capitalization companies, which may be more volatile than funds that invest in larger, more established companies. The fund is actively managed and may be affected by the investment adviser’s security selections.
Diversification does not assure a profit or protect against a loss in a declining market.
HKAM does not provide tax or legal advice, all investors are encouraged to consult their tax and legal advisors regarding an investment in the Fund. You may obtain additional information about HKAM at our website at www.horizonkinetics.com.
No part of this material may be copied, photocopied, or duplicated in any form, by any means, or redistributed without the express written consent of HKAM.
The Horizon Kinetics Inflation Beneficiaries ETF (INFL) is distributed by Foreside Fund Services, LLC (“Foreside”). Foreside is not affiliated with INFL or Horizon Kinetics LLC or its subsidiaries.
Median 30 Day Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.
CPI: The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services.
Dividend yield: Dividend yield equals the annual dividend per share divided by the stock’s price per share.
Stagflation: Persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.
Duration: Bond duration is a measure of how much bond prices are likely to change if and when interest rates move.
Bloomberg Barclays US Aggregate Bond Index: The Bloomberg Barclays US Aggregate Bond Index is a broad-based benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government-related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency). An investor cannot invest directly in an index.
Basis points: Basis points are a common unit of measure for percentages in finance. One basis point is equal to 1/100th of 1%.
Yield to worst: The yield to worst is the minimum yield that can be received on a bond, assuming the issuer doesn’t default.
S&P 500 Index: The S&P 500® Index represents an unmanaged, broad-based basket of stocks. It is typically used as a proxy for overall market performance.
Beta: The beta of a security is a measurement of its volatility of returns relative to the entire market. It is used as a measure of risk.
EV/EBITDA: also known as the Enterprise multiple, is a ratio used to determine the value of a company. is enterprise value divided by earnings before interest, taxes, depreciation, and amortization (EBITDA), looks at a company the way a potential acquirer would by considering the company’s debt.
Free cash flow: Free cash flow is the money that the company has available to repay its creditors or pay dividends and interest to investors.
TTM P/E: The P/E ratio stands for Share Price divided by Earnings Per Share (EPS). The (ttm) reference stands for Trailing Twelve Months, which means the last 12 months of EPS are used in the calculation.
Forward P/E: Forward P/E is a version of the ratio of price-to-earnings that uses forecasted earnings for the P/E calculation.
Active Share: is a measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index.