Horizon Kinetics Inflation Beneficiaries ETF

Frequently Asked Questions About INFL

What does INFL invest in?

The Horizon Kinetics Inflation Beneficiaries ETF is an actively managed 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.

What is the expense ratio of INFL?

Horizon Kinetics Inflation Beneficiaries ETF (INFL) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is INFL?

Horizon Kinetics Inflation Beneficiaries ETF (INFL) manages $1.48B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is INFL actively managed or an index fund?

INFL is actively managed — the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (INFL's is 0.85%) in exchange for the discretion to over- or under-weight positions.

When was INFL launched?

Horizon Kinetics Inflation Beneficiaries ETF (INFL) launched in January 2021 and is managed by Horizon Kinetics.

How has INFL performed?

INFL's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.