The Horizon Kinetics Inflation Beneficiaries UCITS ETF is an actively managed UCITS 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: 03/24/2023
-
Ticker
INFBN NA
-
CUSIP
BN6QZP2
-
ISIN
IE000Z7ELYY2
-
Fund Type
Active Equity ETF
-
Exchange
EAM/XDUB
-
Inception Date
3/16/2023
-
Expense Ratio
0.85%
-
Typical Number of Holdings
20 to 60
-
Net Assets
$634,431
Data as of: 03/27/2023
Daily Holdings
-
% Net Assets
5.32%
-
Name
PRAIRIESKY ROYALTY LTD
-
Ticker
PSK CT
-
CUSIP
BN320L4
-
Shares Held
2,214
-
Market Value
$33,771
-
% Net Assets
5.07%
-
Name
WHEATON PRECIOUS METALS CORP
-
Ticker
WPM US
-
CUSIP
BDG1S92
-
Shares Held
683
-
Market Value
$32,135
-
% Net Assets
4.69%
-
Name
TEXAS PACIFIC LAND CORP
-
Ticker
TPL US
-
CUSIP
BM99VY2
-
Shares Held
18
-
Market Value
$29,724
-
% Net Assets
4.67%
-
Name
ARCHER-DANIELS-MIDLAND CO
-
Ticker
ADM US
-
CUSIP
2047317
-
Shares Held
387
-
Market Value
$29,648
-
% Net Assets
4.56%
-
Name
VIPER ENERGY PARTNERS LP
-
Ticker
VNOM US
-
CUSIP
BN8TKC1
-
Shares Held
1,082
-
Market Value
$28,960
-
% Net Assets
4.30%
-
Name
FRANCO-NEVADA CORP
-
Ticker
FNV US
-
CUSIP
B29VF02
-
Shares Held
189
-
Market Value
$27,295
-
% Net Assets
3.90%
-
Name
Cash & Other
-
Ticker
Cash&Other
-
CUSIP
Cash&Other
-
Shares Held
24,736
-
Market Value
$24,736
-
% Net Assets
3.67%
-
Name
INTERCONTINENTAL EXCHANGE IN
-
Ticker
ICE US
-
CUSIP
BFSSDS9
-
Shares Held
239
-
Market Value
$23,300
-
% Net Assets
3.58%
-
Name
DEUTSCHE BOERSE AG
-
Ticker
DB1 GR
-
CUSIP
7021963
-
Shares Held
118
-
Market Value
$22,740
-
% Net Assets
3.52%
-
Name
GLENCORE PLC
-
Ticker
GLEN LN
-
CUSIP
B4T3BW6
-
Shares Held
4,127
-
Market Value
$22,339
-
% Net Assets
3.45%
-
Name
SITIO ROYALTIES CORP-A
-
Ticker
STR US
-
CUSIP
BMF9G85
-
Shares Held
1,032
-
Market Value
$21,899
-
% Net Assets
3.21%
-
Name
MARSH & MCLENNAN COS
-
Ticker
MMC US
-
CUSIP
2567741
-
Shares Held
127
-
Market Value
$20,387
-
% Net Assets
3.18%
-
Name
BUNGE LTD
-
Ticker
BG US
-
CUSIP
2788713
-
Shares Held
215
-
Market Value
$20,195
-
% Net Assets
2.81%
-
Name
CHENIERE ENERGY INC
-
Ticker
LNG US
-
CUSIP
2654364
-
Shares Held
121
-
Market Value
$17,827
-
% Net Assets
2.62%
-
Name
WEST FRASER TIMBER CO LTD
-
Ticker
WFG US
-
CUSIP
B3BK690
-
Shares Held
240
-
Market Value
$16,642
-
% Net Assets
2.59%
-
Name
NUTRIEN LTD
-
Ticker
NTR US
-
CUSIP
BDH3SB9
-
Shares Held
229
-
Market Value
$16,435
-
% Net Assets
2.57%
-
Name
CHARLES RIVER LABORATORIES
-
Ticker
CRL US
-
CUSIP
2604336
-
Shares Held
84
-
Market Value
$16,278
-
% Net Assets
2.52%
-
Name
ASX LTD
-
Ticker
ASX AU
-
CUSIP
6129222
-
Shares Held
367
-
Market Value
$15,958
-
% Net Assets
2.51%
-
Name
OSISKO GOLD ROYALTIES LTD
-
Ticker
OR US
-
CUSIP
BNGZ548
-
Shares Held
1,061
-
Market Value
$15,926
-
% Net Assets
2.45%
-
Name
CACI INTERNATIONAL INC -CL A
-
Ticker
CACI US
-
CUSIP
2159267
-
Shares Held
54
-
Market Value
$15,532
-
% Net Assets
2.43%
-
Name
SINGAPORE EXCHANGE LTD
-
Ticker
SGX SP
-
CUSIP
6303866
-
Shares Held
2,260
-
Market Value
$15,406
-
% Net Assets
2.42%
-
Name
AURUBIS AG
-
Ticker
NDA GR
-
CUSIP
5485527
-
Shares Held
176
-
Market Value
$15,381
-
% Net Assets
2.39%
-
Name
PERMIAN BASIN ROYALTY TRUST
-
Ticker
PBT US
-
CUSIP
2681964
-
Shares Held
645
-
Market Value
$15,164
-
% Net Assets
2.20%
-
Name
CBRE GROUP INC - A
-
Ticker
CBRE US
-
CUSIP
B6WVMH3
-
Shares Held
203
-
Market Value
$13,979
-
% Net Assets
1.92%
-
Name
TMX GROUP LTD
-
Ticker
X CT
-
CUSIP
B8KH5G7
-
Shares Held
125
-
Market Value
$12,186
-
% Net Assets
1.90%
-
Name
BROOKFIELD ASSET MANAGE-CL A
-
Ticker
BN US
-
CUSIP
BP95GG8
-
Shares Held
403
-
Market Value
$12,078
-
% Net Assets
1.85%
-
Name
DETERRA ROYALTIES LTD
-
Ticker
DRR AU
-
CUSIP
BJP5T05
-
Shares Held
3,980
-
Market Value
$11,722
-
% Net Assets
1.53%
-
Name
CME GROUP INC
-
Ticker
CME US
-
CUSIP
2965839
-
Shares Held
53
-
Market Value
$9,728
-
% Net Assets
1.40%
-
Name
WILMAR INTERNATIONAL LTD
-
Ticker
WIL SP
-
CUSIP
B17KC69
-
Shares Held
2,832
-
Market Value
$8,887
-
% Net Assets
1.22%
-
Name
ST JOE CO/THE
-
Ticker
JOE US
-
CUSIP
2768663
-
Shares Held
197
-
Market Value
$7,766
-
% Net Assets
1.20%
-
Name
MESABI TRUST
-
Ticker
MSB US
-
CUSIP
2582506
-
Shares Held
323
-
Market Value
$7,594
-
% Net Assets
1.20%
-
Name
SANDSTORM GOLD LTD
-
Ticker
SAND US
-
CUSIP
B84QSS3
-
Shares Held
1,364
-
Market Value
$7,597
-
% Net Assets
1.14%
-
Name
COHEN & STEERS INC
-
Ticker
CNS US
-
CUSIP
B02H882
-
Shares Held
119
-
Market Value
$7,241
-
% Net Assets
1.14%
-
Name
ROYALTY PHARMA PLC- CL A
-
Ticker
RPRX US
-
CUSIP
BMVP7Y0
-
Shares Held
204
-
Market Value
$7,228
-
% Net Assets
0.78%
-
Name
ALTIUS MINERALS CORPORATION
-
Ticker
ALS CT
-
CUSIP
2122355
-
Shares Held
312
-
Market Value
$4,970
-
% Net Assets
0.75%
-
Name
LABRADOR IRON ORE ROYALTY CO
-
Ticker
LIF CT
-
CUSIP
B8L02P3
-
Shares Held
210
-
Market Value
$4,755
-
% Net Assets
0.71%
-
Name
SPROTT INC
-
Ticker
SII US
-
CUSIP
BMCB532
-
Shares Held
126
-
Market Value
$4,498
-
% Net Assets
0.68%
-
Name
TOPAZ ENERGY CORP
-
Ticker
TPZ CN
-
CUSIP
BMV3Y21
-
Shares Held
319
-
Market Value
$4,334
-
% Net Assets
0.65%
-
Name
JAPAN EXCHANGE GROUP INC
-
Ticker
8697 JP
-
CUSIP
6743882
-
Shares Held
265
-
Market Value
$4,145
-
% Net Assets
0.62%
-
Name
DORCHESTER MINERALS LP
-
Ticker
DMLP US
-
CUSIP
2336576
-
Shares Held
143
-
Market Value
$3,933
-
% Net Assets
0.49%
-
Name
BROOKFIELD ASSET MGMT-A
-
Ticker
BAM US
-
CUSIP
BP95GD5
-
Shares Held
100
-
Market Value
$3,102
-
% Net Assets
0.11%
-
Name
SABINE ROYALTY TRUST
-
Ticker
SBR US
-
CUSIP
2764809
-
Shares Held
10
-
Market Value
$680
-
% Net Assets
0.05%
-
Name
SAN JUAN BASIN ROYALTY TR
-
Ticker
SJT US
-
CUSIP
2775113
-
Shares Held
29
-
Market Value
$314
Data as of: 03/27/2023
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
5.32%
PRAIRIESKY ROYALTY LTD
PSK CT
BN320L4
2,214
$33,771
-
5.07%
WHEATON PRECIOUS METALS CORP
WPM US
BDG1S92
683
$32,135
-
4.69%
TEXAS PACIFIC LAND CORP
TPL US
BM99VY2
18
$29,724
-
4.67%
ARCHER-DANIELS-MIDLAND CO
ADM US
2047317
387
$29,648
-
4.56%
VIPER ENERGY PARTNERS LP
VNOM US
BN8TKC1
1,082
$28,960
-
4.30%
FRANCO-NEVADA CORP
FNV US
B29VF02
189
$27,295
-
3.90%
Cash & Other
Cash&Other
Cash&Other
24,736
$24,736
-
3.67%
INTERCONTINENTAL EXCHANGE IN
ICE US
BFSSDS9
239
$23,300
-
3.58%
DEUTSCHE BOERSE AG
DB1 GR
7021963
118
$22,740
-
3.52%
GLENCORE PLC
GLEN LN
B4T3BW6
4,127
$22,339
-
3.45%
SITIO ROYALTIES CORP-A
STR US
BMF9G85
1,032
$21,899
-
3.21%
MARSH & MCLENNAN COS
MMC US
2567741
127
$20,387
-
3.18%
BUNGE LTD
BG US
2788713
215
$20,195
-
2.81%
CHENIERE ENERGY INC
LNG US
2654364
121
$17,827
-
2.62%
WEST FRASER TIMBER CO LTD
WFG US
B3BK690
240
$16,642
-
2.59%
NUTRIEN LTD
NTR US
BDH3SB9
229
$16,435
-
2.57%
CHARLES RIVER LABORATORIES
CRL US
2604336
84
$16,278
-
2.52%
ASX LTD
ASX AU
6129222
367
$15,958
-
2.51%
OSISKO GOLD ROYALTIES LTD
OR US
BNGZ548
1,061
$15,926
-
2.45%
CACI INTERNATIONAL INC -CL A
CACI US
2159267
54
$15,532
-
2.43%
SINGAPORE EXCHANGE LTD
SGX SP
6303866
2,260
$15,406
-
2.42%
AURUBIS AG
NDA GR
5485527
176
$15,381
-
2.39%
PERMIAN BASIN ROYALTY TRUST
PBT US
2681964
645
$15,164
-
2.20%
CBRE GROUP INC - A
CBRE US
B6WVMH3
203
$13,979
-
1.92%
TMX GROUP LTD
X CT
B8KH5G7
125
$12,186
-
1.90%
BROOKFIELD ASSET MANAGE-CL A
BN US
BP95GG8
403
$12,078
-
1.85%
DETERRA ROYALTIES LTD
DRR AU
BJP5T05
3,980
$11,722
-
1.53%
CME GROUP INC
CME US
2965839
53
$9,728
-
1.40%
WILMAR INTERNATIONAL LTD
WIL SP
B17KC69
2,832
$8,887
-
1.22%
ST JOE CO/THE
JOE US
2768663
197
$7,766
-
1.20%
MESABI TRUST
MSB US
2582506
323
$7,594
-
1.20%
SANDSTORM GOLD LTD
SAND US
B84QSS3
1,364
$7,597
-
1.14%
COHEN & STEERS INC
CNS US
B02H882
119
$7,241
-
1.14%
ROYALTY PHARMA PLC- CL A
RPRX US
BMVP7Y0
204
$7,228
-
0.78%
ALTIUS MINERALS CORPORATION
ALS CT
2122355
312
$4,970
-
0.75%
LABRADOR IRON ORE ROYALTY CO
LIF CT
B8L02P3
210
$4,755
-
0.71%
SPROTT INC
SII US
BMCB532
126
$4,498
-
0.68%
TOPAZ ENERGY CORP
TPZ CN
BMV3Y21
319
$4,334
-
0.65%
JAPAN EXCHANGE GROUP INC
8697 JP
6743882
265
$4,145
-
0.62%
DORCHESTER MINERALS LP
DMLP US
2336576
143
$3,933
-
0.49%
BROOKFIELD ASSET MGMT-A
BAM US
BP95GD5
100
$3,102
-
0.11%
SABINE ROYALTY TRUST
SBR US
2764809
10
$680
-
0.05%
SAN JUAN BASIN ROYALTY TR
SJT US
2775113
29
$314
Data as of: 03/24/2023
-
Net Asset Value
$25.38
-
NAV Change
$-0.03
-
Median 30 Day Spread
.000000%
-
Market Price
$25.10
-
Market Price Change
$0.00
-
Premium/Discount
$-0.28 | -1.092400%
Historical Data
Premium/Discount Range (%)
Date
-
Greatest Premium
.166600% 01/31/2023
-
Greatest Discount
-100.000000% 02/07/2023
-
Number of Days At
-
Premium:
1
-
NAV:
0
-
Discount:
26
-
Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
4%
-
Number of Days +/- 0.5% of NAV:
1
Resources
IMPORTANT RISK DISCLOSURES
Please consider carefully a fund’s investment objectives, risks, charges and expenses. For this and other important information, you may obtain the Fund’s Prospectus by clicking HERE, the Fund’s Prospectus Supplement by clicking HERE, or by contacting 646-495-7333. Read them carefully before investing.
The Horizon Kinetics Inflation Beneficiaries UCITS ETF (the “Fund”) is an actively managed UCITS ETF that seeks long-term growth of capital in excess of inflation. 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.
The Fund’s Ticker is INFLBN and is traded on the Euronext Amsterdam Stock Exchange (EAM) and Euronext Dublin Stock Exchange (XDUB).
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.
Sustainable Finance Disclosures Regulation Details: CLICK HERE