INFL
Horizon Kinetics Inflation Beneficiaries ETF
INFL is an actively-managed fund seeking long-term capital growth in inflation-adjusted terms from companies expected to benefit, directly or indirectly, from inflation.
US
EQUITY
Active
MANAGEMENT STYLE
$ 1.5 B
ASSETS UNDER MGMT
85 bp
EXPENSES
Fund Basics
| Inception date | Jan 11, 2021 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| LANDBRIDGE CO LLC | 5.5 % |
| FRANCO-NEVADA CORP | 5.4 % |
| SILVER WHEATON CORP | 5.0 % |
| TEXAS PACIFIC LAND CORPORATION | 4.8 % |
| PRAIRIESKY ROYALTY LTD | 4.7 % |
| VIPER ENERGY PARTNERS LP | 4.6 % |
| CAMECO CORP | 4.4 % |
| WATERBRIDGE INFRASTRUCTURE LLC | 4.2 % |
| OSISKO GOLD ROYALTIES LTD | 4.0 % |
| CASH & OTHER | 3.7 % |
Constituent Breakdown
| Number of holdings | 42 |
| Herfindahl-Hirschman Index | 326 |
| Wgt avg mkt cap (mns) | $21,114 |
| Large cap (>$10bn) | 39.1% |
| Mid cap ($2-10bn) | 33.4% |
| Small cap (<$2bn) | 8.2% |
| Developed mkts. | 84.2% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 37.0 % |
 |
CANADA | 33.5 % |
 |
SINGAPORE | 4.0 % |
 |
AUSTRALIA | 2.7 % |
 |
GERMANY | 2.6 % |
 |
SWITZERLAND | 2.1 % |
 |
JAPAN | 1.5 % |
 |
BRITAIN | 0.9 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 17.1% | 28.1% | 26.4% | 19.1% | 13.9% | -- | -- | 14.9% |
| Dividend Yield | 0.2% | 1.4% | 1.8% | 1.9% | 1.7% | -- | -- | 1.7% |
| Total Returns | 17.3% | 29.4% | 28.3% | 21.0% | 15.7% | -- | -- | 16.6% | Ann. Volatility | 21.0% | 19.6% | 18.0% | 16.5% | 17.7% | -- | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 44% |
| MSCI EAFE | 0.79 | 50% |
| MSCI Emg Mkts | 0.63 | 42% |
Liquidity Measures
| Avg. volume (000) | 222 |
| ADV traded (mns) | $12 |
| Turnover | 0.8% |
| Avg. Bid/Ask (% of price) | 0.13% |
Technical Indicators
| 30d moving avg. (EMA) | $52.32 |
| Relative strength (RSI) | 58 |
| MACD/Signal | 0.39/0.28 |
| Bollinger Bands (Upper/Lower) | $53.92/$50.52 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. INFL |
Expenses vs. INFL |
ALTAR Score™ vs. INFL |
|---|---|---|---|---|
| BCDF | Horizon Kinetics Blockchain Development ETF | 23.2% | 0 bp | +1.1% |
| NVIR | Horizon Kinetics Energy and Remediation ETF | 14.3% | 0 bp | +2.5% |
| GOAU | U.S. Global GO GOLD and Precious Metal Miners ETF | 10.9% | -25 bp | -0.1% |
| SILJ | ETFMG Prime Junior Silver Miners ETF | 10.3% | -16 bp | -1.8% |
| KAT | Scharf ETF | 10.0% | +2 bp | +3.3% |
Risk and Returns: INFL vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/24/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
3.0%
ALTAR SCORE™
12nd
PERCENTILE
AVOID
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. INFL's ALTAR Score™ is approximately -1.2 standard
deviations above the category average. This places INFL in the 12nd percentile
among funds in the category.
Sell-Side Consensus
$59.26
PRICE TARGET
+11.0%
UPSIDE