ATLASHorizon Kinetics Inflation Beneficiaries ETF (INFL): outlook, holdings and fees
Horizon Kinetics Inflation Beneficiaries ETF (INFL) is an exchange-traded fund and is managed by Horizon Kinetics. The expense ratio is 0.85% and the yield is 0.77%. The ten largest holdings are 48% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on INFL
| Last price | $51.14 (-0.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 56% |
| Likely 1-month range (50%) | $50.15 – $52.66 |
| Normal 1-day range (±1σ) | ±0.8% |
| Distribution yield | 0.77% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
INFL fund facts
| Issuer | Horizon Kinetics |
|---|---|
| Theme | Other strategies |
| Assets under management | $1.6B |
| Expense ratio | 0.85% |
| Number of holdings | 46 |
| Portfolio turnover | 0% |
| Inception | Jan 11, 2021 |
| Exchange | NYSE |
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.
INFL top holdings
| Holding | Sector | Weight |
|---|---|---|
| LandBridge Company LLC LB | Energy | 7.16% |
| Wheaton Precious Metals Corp WPM | Basic Materials | 5.94% |
| Franco-Nevada Corporation FNV | Basic Materials | 5.30% |
| PrairieSky Royalty Ltd PSK | Energy | 4.91% |
| WaterBridge Infrastructure LLC WBI | Energy | 4.80% |
| Intercontinental Exchange Inc ICE | Financial Services | 4.59% |
| Texas Pacific Land Corporation TPL | Energy | 4.01% |
| Permian Basin Royalty Trust PBT | Energy | 3.99% |
| OR Royalties Inc. OR | Basic Materials | 3.69% |
| Cameco Corp CCO | Energy | 3.44% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
INFL sector breakdown
| Sector | Weight |
|---|---|
| Energy | 43.4% |
| Financial Services | 25.5% |
| Basic Materials | 21.3% |
| Consumer Defensive | 2.6% |
| Industrials | 2.3% |
| Utilities | 2.0% |
| Healthcare | 1.4% |
| Real Estate | 1.3% |
| Communication Services | 0.3% |
By region: North America 88.0%, Europe Developed 5.4%, Asia Developed 4.2%, Japan 1.9%, United Kingdom 0.5%.
INFL returns and risk
| Year to date | +17.0% |
|---|---|
| 1 year | +20.1% |
| 3 years (annualised) | +21.7% |
| 5 years (annualised) | +12.6% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 16.0% |
| Sharpe ratio (3 years) | 0.90 |
Past returns do not guarantee future results.
INFL: frequently asked questions
What does INFL invest in?
Horizon Kinetics Inflation Beneficiaries ETF invests in a portfolio of securities. Its largest holdings are LandBridge Company LLC (7.2%), Wheaton Precious Metals Corp (5.9%), Franco-Nevada Corporation (5.3%), PrairieSky Royalty Ltd (4.9%), WaterBridge Infrastructure LLC (4.8%).
What is the INFL expense ratio?
0.85% a year: about $85.00 for every $10,000 invested.
What is the INFL dividend yield?
0.77%. ATLAS does not hold the exact distribution dates for ETFs.
Will INFL go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 56%, with a likely range (50%) of $50.15 to $52.66 from $51.14 today. It is a probability, not a prediction.
How has INFL performed?
Year to date +17.0%, one year +20.1%, three years +21.7% a year, five years +12.6% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer