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: 09/22/2023
-
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
$19,210,208
Data as of: 09/25/2023
Daily Holdings
-
% Net Assets
6.50%
-
Name
TEXAS PACIFIC LAND CORP
-
Ticker
TPL US
-
CUSIP
BM99VY2
-
Shares Held
678
-
Market Value
$1,247,988
-
% Net Assets
6.23%
-
Name
PRAIRIESKY ROYALTY LTD
-
Ticker
PSK CT
-
CUSIP
BN320L4
-
Shares Held
64,206
-
Market Value
$1,197,598
-
% Net Assets
4.76%
-
Name
WHEATON PRECIOUS METALS CORP
-
Ticker
WPM US
-
CUSIP
BDG1S92
-
Shares Held
21,112
-
Market Value
$914,783
-
% Net Assets
4.65%
-
Name
VIPER ENERGY PARTNERS LP
-
Ticker
VNOM US
-
CUSIP
BN8TKC1
-
Shares Held
32,310
-
Market Value
$892,725
-
% Net Assets
4.60%
-
Name
ARCHER-DANIELS-MIDLAND CO
-
Ticker
ADM US
-
CUSIP
2047317
-
Shares Held
11,489
-
Market Value
$884,423
-
% Net Assets
4.18%
-
Name
FRANCO-NEVADA CORP
-
Ticker
FNV US
-
CUSIP
B29VF02
-
Shares Held
5,704
-
Market Value
$802,439
-
% Net Assets
3.97%
-
Name
INTERCONTINENTAL EXCHANGE IN
-
Ticker
ICE US
-
CUSIP
BFSSDS9
-
Shares Held
6,931
-
Market Value
$763,588
-
% Net Assets
3.75%
-
Name
MARSH & MCLENNAN COS
-
Ticker
MMC US
-
CUSIP
2567741
-
Shares Held
3,683
-
Market Value
$720,063
-
% Net Assets
3.69%
-
Name
GLENCORE PLC
-
Ticker
GLEN LN
-
CUSIP
B4T3BW6
-
Shares Held
127,439
-
Market Value
$709,782
-
% Net Assets
3.58%
-
Name
BUNGE LTD
-
Ticker
BG US
-
CUSIP
2788713
-
Shares Held
6,235
-
Market Value
$688,344
-
% Net Assets
3.03%
-
Name
SITIO ROYALTIES CORP-A
-
Ticker
STR US
-
CUSIP
BMF9G85
-
Shares Held
24,211
-
Market Value
$581,306
-
% Net Assets
2.99%
-
Name
Cash & Other
-
Ticker
Cash&Other
-
CUSIP
Cash&Other
-
Shares Held
573,526
-
Market Value
$573,526
-
% Net Assets
2.92%
-
Name
CHENIERE ENERGY INC
-
Ticker
LNG US
-
CUSIP
2654364
-
Shares Held
3,509
-
Market Value
$561,159
-
% Net Assets
2.81%
-
Name
DEUTSCHE BOERSE AG
-
Ticker
DB1 GR
-
CUSIP
7021963
-
Shares Held
3,094
-
Market Value
$539,372
-
% Net Assets
2.64%
-
Name
CACI INTERNATIONAL INC -CL A
-
Ticker
CACI US
-
CUSIP
2159267
-
Shares Held
1,635
-
Market Value
$507,210
-
% Net Assets
2.58%
-
Name
WEST FRASER TIMBER CO LTD
-
Ticker
WFG US
-
CUSIP
B3BK690
-
Shares Held
6,960
-
Market Value
$494,717
-
% Net Assets
2.53%
-
Name
CHARLES RIVER LABORATORIES
-
Ticker
CRL US
-
CUSIP
2604336
-
Shares Held
2,436
-
Market Value
$486,274
-
% Net Assets
2.50%
-
Name
CAMECO CORP
-
Ticker
CCJ US
-
CUSIP
2158684
-
Shares Held
12,035
-
Market Value
$481,159
-
% Net Assets
2.33%
-
Name
SINGAPORE EXCHANGE LTD
-
Ticker
SGX SP
-
CUSIP
6303866
-
Shares Held
62,660
-
Market Value
$446,785
-
% Net Assets
2.30%
-
Name
CBRE GROUP INC - A
-
Ticker
CBRE US
-
CUSIP
B6WVMH3
-
Shares Held
5,887
-
Market Value
$442,526
-
% Net Assets
2.28%
-
Name
PERMIAN BASIN ROYALTY TRUST
-
Ticker
PBT US
-
CUSIP
2681964
-
Shares Held
20,162
-
Market Value
$437,919
-
% Net Assets
2.25%
-
Name
ASX LTD
-
Ticker
ASX AU
-
CUSIP
6129222
-
Shares Held
11,910
-
Market Value
$432,087
-
% Net Assets
2.14%
-
Name
NUTRIEN LTD
-
Ticker
NTR US
-
CUSIP
BDH3SB9
-
Shares Held
6,641
-
Market Value
$411,676
-
% Net Assets
2.14%
-
Name
OSISKO GOLD ROYALTIES LTD
-
Ticker
OR US
-
CUSIP
BNGZ548
-
Shares Held
32,720
-
Market Value
$410,309
-
% Net Assets
2.03%
-
Name
TMX GROUP LTD
-
Ticker
X CT
-
CUSIP
B8KH5G7
-
Shares Held
18,125
-
Market Value
$390,500
-
% Net Assets
1.90%
-
Name
DETERRA ROYALTIES LTD
-
Ticker
DRR AU
-
CUSIP
BJP5T05
-
Shares Held
115,420
-
Market Value
$364,991
-
% Net Assets
1.72%
-
Name
AURUBIS AG
-
Ticker
NDA GR
-
CUSIP
5485527
-
Shares Held
4,456
-
Market Value
$329,508
-
% Net Assets
1.67%
-
Name
ST JOE CO/THE
-
Ticker
JOE US
-
CUSIP
2768663
-
Shares Held
5,713
-
Market Value
$320,099
-
% Net Assets
1.61%
-
Name
CME GROUP INC
-
Ticker
CME US
-
CUSIP
2965839
-
Shares Held
1,537
-
Market Value
$310,044
-
% Net Assets
1.33%
-
Name
WILMAR INTERNATIONAL LTD
-
Ticker
WIL SP
-
CUSIP
B17KC69
-
Shares Held
94,532
-
Market Value
$254,669
-
% Net Assets
1.02%
-
Name
SANDSTORM GOLD LTD
-
Ticker
SAND US
-
CUSIP
B84QSS3
-
Shares Held
39,556
-
Market Value
$196,198
-
% Net Assets
0.97%
-
Name
MESABI TRUST
-
Ticker
MSB US
-
CUSIP
2582506
-
Shares Held
9,367
-
Market Value
$186,965
-
% Net Assets
0.81%
-
Name
ROYALTY PHARMA PLC- CL A
-
Ticker
RPRX US
-
CUSIP
BMVP7Y0
-
Shares Held
5,916
-
Market Value
$155,768
-
% Net Assets
0.78%
-
Name
LABRADOR IRON ORE ROYALTY CO
-
Ticker
LIF CT
-
CUSIP
B8L02P3
-
Shares Held
6,090
-
Market Value
$149,320
-
% Net Assets
0.78%
-
Name
TOPAZ ENERGY CORP
-
Ticker
TPZ CN
-
CUSIP
BMV3Y21
-
Shares Held
9,251
-
Market Value
$149,020
-
% Net Assets
0.73%
-
Name
ALTIUS MINERALS CORPORATION
-
Ticker
ALS CT
-
CUSIP
2122355
-
Shares Held
9,048
-
Market Value
$141,187
-
% Net Assets
0.72%
-
Name
JAPAN EXCHANGE GROUP INC
-
Ticker
8697 JP
-
CUSIP
6743882
-
Shares Held
7,685
-
Market Value
$138,623
-
% Net Assets
0.62%
-
Name
DORCHESTER MINERALS LP
-
Ticker
DMLP US
-
CUSIP
2336576
-
Shares Held
4,147
-
Market Value
$119,682
-
% Net Assets
0.61%
-
Name
SPROTT INC
-
Ticker
SII US
-
CUSIP
BMCB532
-
Shares Held
3,654
-
Market Value
$117,549
-
% Net Assets
0.51%
-
Name
BROOKFIELD ASSET MGMT-A
-
Ticker
BAM US
-
CUSIP
BP95GD5
-
Shares Held
2,900
-
Market Value
$98,890
-
% Net Assets
0.47%
-
Name
CLARKSON PLC
-
Ticker
CKN LN
-
CUSIP
0201836
-
Shares Held
2,610
-
Market Value
$90,405
-
% Net Assets
0.13%
-
Name
METALLA ROYALTY & STREAMING
-
Ticker
MTA US
-
CUSIP
BL0N0S3
-
Shares Held
8,400
-
Market Value
$25,704
-
% Net Assets
0.10%
-
Name
LITHIUM ROYALTY CORP
-
Ticker
LIRC CN
-
CUSIP
BMF9CX2
-
Shares Held
2,200
-
Market Value
$18,519
-
% Net Assets
0.10%
-
Name
SABINE ROYALTY TRUST
-
Ticker
SBR US
-
CUSIP
2764809
-
Shares Held
290
-
Market Value
$18,612
-
% Net Assets
0.03%
-
Name
SAN JUAN BASIN ROYALTY TR
-
Ticker
SJT US
-
CUSIP
2775113
-
Shares Held
841
-
Market Value
$5,803
Data as of: 09/25/2023
Daily Holdings
-
% Net Assets
Name
Ticker
CUSIP
Shares Held
Market Value
-
6.50%
TEXAS PACIFIC LAND CORP
TPL US
BM99VY2
678
$1,247,988
-
6.23%
PRAIRIESKY ROYALTY LTD
PSK CT
BN320L4
64,206
$1,197,598
-
4.76%
WHEATON PRECIOUS METALS CORP
WPM US
BDG1S92
21,112
$914,783
-
4.65%
VIPER ENERGY PARTNERS LP
VNOM US
BN8TKC1
32,310
$892,725
-
4.60%
ARCHER-DANIELS-MIDLAND CO
ADM US
2047317
11,489
$884,423
-
4.18%
FRANCO-NEVADA CORP
FNV US
B29VF02
5,704
$802,439
-
3.97%
INTERCONTINENTAL EXCHANGE IN
ICE US
BFSSDS9
6,931
$763,588
-
3.75%
MARSH & MCLENNAN COS
MMC US
2567741
3,683
$720,063
-
3.69%
GLENCORE PLC
GLEN LN
B4T3BW6
127,439
$709,782
-
3.58%
BUNGE LTD
BG US
2788713
6,235
$688,344
-
3.03%
SITIO ROYALTIES CORP-A
STR US
BMF9G85
24,211
$581,306
-
2.99%
Cash & Other
Cash&Other
Cash&Other
573,526
$573,526
-
2.92%
CHENIERE ENERGY INC
LNG US
2654364
3,509
$561,159
-
2.81%
DEUTSCHE BOERSE AG
DB1 GR
7021963
3,094
$539,372
-
2.64%
CACI INTERNATIONAL INC -CL A
CACI US
2159267
1,635
$507,210
-
2.58%
WEST FRASER TIMBER CO LTD
WFG US
B3BK690
6,960
$494,717
-
2.53%
CHARLES RIVER LABORATORIES
CRL US
2604336
2,436
$486,274
-
2.50%
CAMECO CORP
CCJ US
2158684
12,035
$481,159
-
2.33%
SINGAPORE EXCHANGE LTD
SGX SP
6303866
62,660
$446,785
-
2.30%
CBRE GROUP INC - A
CBRE US
B6WVMH3
5,887
$442,526
-
2.28%
PERMIAN BASIN ROYALTY TRUST
PBT US
2681964
20,162
$437,919
-
2.25%
ASX LTD
ASX AU
6129222
11,910
$432,087
-
2.14%
NUTRIEN LTD
NTR US
BDH3SB9
6,641
$411,676
-
2.14%
OSISKO GOLD ROYALTIES LTD
OR US
BNGZ548
32,720
$410,309
-
2.03%
TMX GROUP LTD
X CT
B8KH5G7
18,125
$390,500
-
1.90%
DETERRA ROYALTIES LTD
DRR AU
BJP5T05
115,420
$364,991
-
1.72%
AURUBIS AG
NDA GR
5485527
4,456
$329,508
-
1.67%
ST JOE CO/THE
JOE US
2768663
5,713
$320,099
-
1.61%
CME GROUP INC
CME US
2965839
1,537
$310,044
-
1.33%
WILMAR INTERNATIONAL LTD
WIL SP
B17KC69
94,532
$254,669
-
1.02%
SANDSTORM GOLD LTD
SAND US
B84QSS3
39,556
$196,198
-
0.97%
MESABI TRUST
MSB US
2582506
9,367
$186,965
-
0.81%
ROYALTY PHARMA PLC- CL A
RPRX US
BMVP7Y0
5,916
$155,768
-
0.78%
LABRADOR IRON ORE ROYALTY CO
LIF CT
B8L02P3
6,090
$149,320
-
0.78%
TOPAZ ENERGY CORP
TPZ CN
BMV3Y21
9,251
$149,020
-
0.73%
ALTIUS MINERALS CORPORATION
ALS CT
2122355
9,048
$141,187
-
0.72%
JAPAN EXCHANGE GROUP INC
8697 JP
6743882
7,685
$138,623
-
0.62%
DORCHESTER MINERALS LP
DMLP US
2336576
4,147
$119,682
-
0.61%
SPROTT INC
SII US
BMCB532
3,654
$117,549
-
0.51%
BROOKFIELD ASSET MGMT-A
BAM US
BP95GD5
2,900
$98,890
-
0.47%
CLARKSON PLC
CKN LN
0201836
2,610
$90,405
-
0.13%
METALLA ROYALTY & STREAMING
MTA US
BL0N0S3
8,400
$25,704
-
0.10%
LITHIUM ROYALTY CORP
LIRC CN
BMF9CX2
2,200
$18,519
-
0.10%
SABINE ROYALTY TRUST
SBR US
2764809
290
$18,612
-
0.03%
SAN JUAN BASIN ROYALTY TR
SJT US
2775113
841
$5,803
Data as of: 09/22/2023
-
Net Asset Value
$26.5
-
NAV Change
$0.09
-
Median 30 Day Spread
.000000%
-
Market Price
$26.63
-
Market Price Change
$-0.01
-
Premium/Discount
$0.13 | .502500%
Historical Data
Premium/Discount Range (%)
Date
-
Greatest Premium
.847400% 09/20/2023
-
Greatest Discount
-.767700% 08/08/2023
-
Number of Days At
-
Premium:
35
-
NAV:
0
-
Discount:
22
-
Days Within Percent of NAV
-
Percent of Days +/- 0.5% of NAV:
86%
-
Number of Days +/- 0.5% of NAV:
49
Resources
-
Key Information Document (Italian)
View PDF -
Unaudited Interim Financial Statements as of June 30, 2023
View PDF -
INFBN Factsheet
View PDF -
Key Investor Information Document (UK)
View PDF -
INFBN NA Presentation
View PDF -
Horizon Kinetics ICAV Supplement
View PDF -
Horizon Kinetics ICAV Prospectus
View PDF -
Horizon Kinetics ICAV Privacy Notice
View PDF -
Key Information Document (Dutch)
View PDF -
Key Information Document (English)
View PDF -
Sustainable Finance Disclosures Regulation Details
View PDF
-
Key Information Document (Italian)
View PDF -
Unaudited Interim Financial Statements as of June 30, 2023
View PDF -
INFBN Factsheet
View PDF -
Key Investor Information Document (UK)
View PDF -
INFBN NA Presentation
View PDF -
Horizon Kinetics ICAV Supplement
View PDF -
Horizon Kinetics ICAV Prospectus
View PDF -
Horizon Kinetics ICAV Privacy Notice
View PDF -
Key Information Document (Dutch)
View PDF -
Key Information Document (English)
View PDF -
Sustainable Finance Disclosures Regulation Details
View PDF
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