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INFL Horizon Kinetics Inflation Beneficiaries ETF

Issuer
Horizon Kinetics
Inception
Jan 11, 2021
AUM
$1.5B
Expense ratio
0.85%
Yield
0.79%
Asset class
Equity
Holdings
50
Last price
$50.91

The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in the equity securities of domestic and foreign companies that are expected to benefit, either directly or indirectly, from rising prices (inflation). The fund's investments in equity securities are generally expected to include common stock, ownership units of publicly traded MLPs, and units of royalty trusts. The fund is non-diversified.

+14.0%
2025-11-13low 42.45 · high 56.012026-11-13

Performance

1M3MYTD1Y3Y ann.5Y ann.
INFL+0.4%-3.3%+15.2%+15.0%+20.2%+11.6%
Equity average (4725 funds)-2.2%-4.7%+3008.3%+1886.0%+15.1%+2.6%

Insider activity in the holdings

Open-market insider buying across this fund’s holdings over 90 days, weighted by holding weight: −$289K net.

HoldingWeightInsiders boughtInsiders sold
SJT San Juan Basin Royalty Trust0.36%$1.4M$0
RBA RB Global Inc1.09%$181K$0
DMLP Dorchester Minerals LP0.33%$147K$0
CME CME Group Inc3.08%$79K$9.7M
TPL Texas Pacific Land Corp3.87%$14K$0

Holdings · as of Nov 13, 2026

#HoldingWeight
1WPM Wheaton Precious Metals Corp6.18%
2LB LandBridge Corp6.07%
3FNV Franco-Nevada Corp5.52%
4PSK.TO PrairieSky Royalty Ltd5.29%
5ICE Intercontinental Exchange Inc5.26%
6WBI WaterBridge Infrastructure LLC4.55%
7TPL Texas Pacific Land Corp3.87%
8OR OR Royalties Inc3.82%
9DB1.DE Deutsche Boerse AG3.43%
10PBT Permian Basin Royalty Trust3.37%
11LNG Cheniere Energy Inc3.25%
12INFL Singapore Exchange Ltd3.18%
13CME CME Group Inc3.08%
14CCJ Cameco Corp2.91%
15X.TO TMX Group Ltd2.70%
16VNOM Viper Energy Inc2.39%
17MIAX Miami International Holdings Inc2.28%
18TPZ.TO Topaz Energy Corp2.06%
19WHK WhiteHawk Minerals Corp1.99%
20TW Tradeweb Markets Inc1.95%
21HE Hawaiian Electric Industries Inc1.93%
22GLEN.L Glencore PLC1.86%
23MRSH Marsh & McLennan Cos Inc1.81%
24EROK EagleRock Land LLC1.79%
25BG Bunge Global SA1.60%
268697.T Japan Exchange Group Inc1.52%
27RPRX Royalty Pharma PLC1.50%
28JOE St Joe Co/The1.35%
29SII Sprott Inc1.29%
30RBA RB Global Inc1.09%
31BN Brookfield Corp0.97%
32ALS.TO Altius Minerals Corp0.88%
33TFPM Triple Flag Precious Metals Corp0.80%
34TRC Tejon Ranch Co0.79%
35FRMI Fermi Inc0.68%
36CDZI Cadiz Inc0.52%
37CKN.L Clarkson PLC0.45%
38MSB Mesabi Trust0.44%
39SJT San Juan Basin Royalty Trust0.36%
40SBR Sabine Royalty Trust0.36%
41DMLP Dorchester Minerals LP0.33%
42LIF.TO Labrador Iron Ore Royalty Corp0.29%
434816.T Toei Animation Co Ltd0.20%
44MTA Metalla Royalty & Streaming Ltd0.19%
453791.T IG Port Inc0.14%

Sector breakdown

Energy38.3%
Financial Services29.1%
Basic Materials21.8%
Industrials3.0%
Consumer Defensive2.4%
Utilities2.0%
Healthcare1.6%
Real Estate1.4%
Communication Services0.4%

Country breakdown

United States52.9%
Canada35.3%
Singapore4.0%
Germany3.5%
Japan1.9%
Switzerland1.9%
United Kingdom0.4%

Distributions

DatePer unit
Sep 23, 2026$0.0893
Jun 24, 2026$0.1300
Mar 25, 2026$0.0800
Dec 23, 2025$0.1020
Sep 24, 2025$0.1000
Jun 25, 2025$0.1900
Mar 26, 2025$0.1700
Dec 24, 2024$0.2117
Sep 25, 2024$0.1675
Jun 26, 2024$0.1386
Mar 27, 2024$0.1581
Dec 27, 2023$0.1142
Sep 27, 2023$0.1496
Jun 28, 2023$0.1578
Mar 29, 2023$0.0804
Dec 28, 2022$0.0837
Sep 28, 2022$0.1704
Jun 28, 2022$0.1788
Mar 29, 2022$0.0870
Dec 28, 2021$0.1276
Sep 28, 2021$0.0580
Jun 28, 2021$0.0620
Mar 29, 2021$0.0370

Members of Congress who disclosed this ETF

No member of Congress has disclosed a trade in INFL in the filings we hold.

Fund facts, prices, performance and distributions: our market-data vendor. Holdings: the vendor and SEC Form N-PORT. Insider and Congress data: InsiderBuying. Last updated Nov 13, 2026. This is historical data, not investment advice. Report a data error