The Horizon Kinetics Full-Cycle Inflation Equity 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: 04/24/2025
Ticker
INFBN NA
CUSIP
BN6QZP2
ISIN
IE000Z7ELYY2
Fund Type
Active Equity ETF
Exchange
EAM/XDUB
Inception Date
3/16/2023 (NAV) | 3/23/2023 (Trading)
Expense Ratio
0.85%
Typical Number of Holdings
20 to 60
Net Assets
$31,084,361
Shares Outstanding
900,000
Data as of: 04/25/2025
Daily Holdings
-
% Net Assets
99.99%
-
Name
Cash & Other
-
Ticker
Cash&Other
-
CUSIP
Cash&Other
-
Shares Held
31,945,261
-
Market Value
$31,945,261
Data as of: 04/25/2025
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
99.99%
Cash & Other
Cash&Other
Cash&Other
31,945,261
$31,945,261
Data as of: 04/24/2025
-
Net Asset Value
$34.54
-
NAV Change
$-0.42
-
Median 30 Day Spread
.000000%
-
Market Price
$34.52
-
Market Price Change
$0.30
-
Premium/Discount
$-0.02 | -.052600%
Historical Data
Premium/Discount Range (%)
Date
-
Greatest Premium
5.955400% 04/04/2025
-
Greatest Discount
-5.828700% 04/09/2025
-
Number of Days At
-
Premium:
8
-
NAV:
0
-
Discount:
8
-
Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
56%
-
Number of Days +/- 0.5% of NAV:
9
Historical NAV
Data as of: 03/31/2025
(** YTD as of 04/24/2025)
-
INFBN
NAV
-
1 Month
1.03%
-
YTD **
7.53%
-
1 Year
24.14%
-
3 Year
--
-
5 Year
--
-
Since Inception Annualized
17.01%
-
INFBN
Market Value
-
1 Month
1.69%
-
YTD **
7.14%
-
1 Year
23.48%
-
3 Year
--
-
5 Year
--
-
Since Inception Annualized
17.55%
Data as of: 03/31/2025
(** YTD as of 04/24/2025)
-
INFBN
1 Month
YTD **
1 Year
3 Year
5 Year
Since Inception Annualized
-
NAV
1.03%
7.53%
24.14%
--
--
17.01%
-
Market Value
1.69%
7.14%
23.48%
--
--
17.55%
Latest Distribution History
-
Ex-Dividend Date
Mar 27, 2025
-
Record Date
Mar 28, 2025
-
Payable Date
Mar 31, 2025
-
Income
$0.1295
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.1295
-
Ex-Dividend Date
Dec 27, 2024
-
Record Date
Dec 30, 2024
-
Payable Date
Dec 31, 2024
-
Income
$0.0631
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.0631
-
Ex-Dividend Date
Sept 26, 2024
-
Record Date
Sept 27, 2024
-
Payable Date
Sept 30, 2024
-
Income
$0.1013
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.1013
-
Ex-Dividend Date
Jun 27, 2024
-
Record Date
Jun 28, 2024
-
Payable Date
Jul 1, 2024
-
Income
$0.0769
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.0769
-
Ex-Dividend Date
Apr 3, 2024
-
Record Date
Apr 4, 2024
-
Payable Date
Apr 5, 2024
-
Income
$0.2167
-
Short Term Capital Gain
$0.00
-
Long Term Capital Gain
$0.00
-
Return of Capital
$0.00
-
Total
$0.2167
Latest Distribution History
-
Ex-Dividend
DateRecord Date
Payable Date
Income
Short Term
Capital GainLong Term
Capital GainReturn of
CapitalTotal
-
Mar 27, 2025
Mar 28, 2025
Mar 31, 2025
$0.1295
$0.00
$0.00
$0.00
$0.1295
-
Dec 27, 2024
Dec 30, 2024
Dec 31, 2024
$0.0631
$0.00
$0.00
$0.00
$0.0631
-
Sept 26, 2024
Sept 27, 2024
Sept 30, 2024
$0.1013
$0.00
$0.00
$0.00
$0.1013
-
Jun 27, 2024
Jun 28, 2024
Jul 1, 2024
$0.0769
$0.00
$0.00
$0.00
$0.0769
-
Apr 3, 2024
Apr 4, 2024
Apr 5, 2024
$0.2167
$0.00
$0.00
$0.00
$0.2167
Resources
-
Annual Report and Audited Financial Statements as of December 31, 2024
View PDF -
INFBN Factsheet
View PDF -
INFBN NA Presentation
View PDF -
Unaudited Interim Financial Statements as of June 30, 2024
View PDF -
Q1 2025 INFBN Distribution
View PDF -
Q4 2024 INFBN Distribution
View PDF -
Q3 2024 INFBN Distribution
View PDF -
Q2 2024 INFBN Distribution
View PDF -
Q1 2024 INFBN Distribution
View PDF -
Annual Report and Audited Financial Statements as of December 31, 2023
View PDF -
Horizon Kinetics ICAV - Fund Name Change Notice
View PDF -
INFBN 2023 Mid-Year Letter
View PDF -
Unaudited Interim Financial Statements as of June 30, 2023
View PDF -
Horizon Kinetics ICAV Supplement
View PDF -
Horizon Kinetics ICAV Prospectus
View PDF -
Horizon Kinetics ICAV Privacy Notice
View PDF -
Key Information Document (English)
View PDF -
Key Information Document (Italian)
View PDF -
Key Information Document (Dutch)
View PDF -
Key Investor Information Document (UK)
View PDF -
Sustainable Finance Disclosures Regulation Details
View PDF -
Country of Registrations
View PDF
-
Annual Report and Audited Financial Statements as of December 31, 2024
View PDF -
INFBN Factsheet
View PDF -
INFBN NA Presentation
View PDF -
Unaudited Interim Financial Statements as of June 30, 2024
View PDF -
Q1 2025 INFBN Distribution
View PDF -
Q4 2024 INFBN Distribution
View PDF -
Q3 2024 INFBN Distribution
View PDF -
Q2 2024 INFBN Distribution
View PDF -
Q1 2024 INFBN Distribution
View PDF -
Annual Report and Audited Financial Statements as of December 31, 2023
View PDF -
Horizon Kinetics ICAV - Fund Name Change Notice
View PDF -
INFBN 2023 Mid-Year Letter
View PDF -
Unaudited Interim Financial Statements as of June 30, 2023
View PDF -
Horizon Kinetics ICAV Supplement
View PDF -
Horizon Kinetics ICAV Prospectus
View PDF -
Horizon Kinetics ICAV Privacy Notice
View PDF -
Key Information Document (English)
View PDF -
Key Information Document (Italian)
View PDF -
Key Information Document (Dutch)
View PDF -
Key Investor Information Document (UK)
View PDF -
Sustainable Finance Disclosures Regulation Details
View PDF -
Country of Registrations
View PDF
Press
-
Horizon Kinetics on Money Tree Investing Podcast – Challenging Conventional Wisdom: Alternative Insights From James Davolos (May 2024)
Watch -
Interview with Markets Media (06/07/2023)
Read -
Horizon Kinetics Launches Inflation Beneficiaries UCITS ETF (INFBN)
Read -
Horizon Kinetics enters Europe race with active inflation ETF (ETF Stream 3/16/23)
Read
-
Horizon Kinetics on Money Tree Investing Podcast – Challenging Conventional Wisdom: Alternative Insights From James Davolos (May 2024)
Watch -
Interview with Markets Media (06/07/2023)
Read -
Horizon Kinetics Launches Inflation Beneficiaries UCITS ETF (INFBN)
Read -
Horizon Kinetics enters Europe race with active inflation ETF (ETF Stream 3/16/23)
Read
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.
Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Since Inception returns are calculated from the first available trading date of 3/23/2023.
The Horizon Kinetics Full-Cycle Inflation Equity Fund 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.
On May 20, 2024, the Fund changed its name from the Horizon Kinetics Inflation Beneficiaries to the Horizon Kinetics Full-Cycle Inflation Equity Fund UCITS ETF.
The Fund’s Ticker is INFBN 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