"Prices are rising."
"Cash is losing value."
"Stocks and real estate feel risky..."
In a world where inflation is becoming the norm rather than the exception, you need assets that benefit from it — not just survive it.
That’s where the INFL ETF (Horizon Kinetics Inflation Beneficiaries ETF) comes in.
In this post, we’ll dive into what INFL is, how it works, and why it’s become one of the most interesting inflation-hedge strategies in the ETF space.
What is INFL?
INFL is the ticker for the Horizon Kinetics Inflation Beneficiaries ETF.
Unlike passive ETFs that track commodities or inflation-protected bonds,
INFL actively invests in companies positioned to benefit from inflation, such as those with strong pricing power, hard assets, and royalty-based revenue models.
Key Information
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ETF Name: Horizon Kinetics Inflation Beneficiaries ETF (INFL)
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Issuer: Horizon Kinetics
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Launch Date: January 11, 2021
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Strategy: Actively managed
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Expense Ratio: 0.85%
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Assets Under Management (AUM): Over $1 billion
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Dividend Frequency: Quarterly
Top Holdings in INFL (2024)
| Company | Sector | Description |
|---|---|---|
| Texas Pacific Land Corp | Energy / Land | Generates royalty revenue from oil and gas production |
| PrairieSky Royalty | Resource Royalties | Canadian energy royalty business |
| Franco-Nevada | Gold Royalties | Asset-light model with exposure to precious metals |
| Brookfield Corp | Infrastructure | Manages global infrastructure and real assets |
| Archer-Daniels-Midland | Agriculture | Major grain processor and exporter |
👉 INFL focuses on companies with tangible assets, pricing power, and inflation-linked revenues.
What Makes INFL Unique?
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Profits from inflation — not just protection
Focused on companies that thrive when input prices rise. -
Equity-based, not bond-based
INFL is not tied to interest rates like TIPS or bond ETFs. -
Exposure to real assets
Companies with land, energy, minerals, infrastructure, or commodity leverage. -
Active management flexibility
Portfolio can adapt as inflation dynamics shift over time. -
Global exposure
Holdings include U.S., Canadian, and Australian firms with commodity-based business models.
Risks and Considerations
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Higher expense ratio (0.85%)
Active management comes with higher costs than passive ETFs. -
Sector concentration
Portfolio leans heavily toward energy, materials, and agriculture. -
Not a traditional value or dividend ETF
Some holdings are growth-oriented with low dividends. -
Performance depends on manager skill
As with any actively managed fund, execution matters.
INFL vs TIPS: Two Very Different Strategies
| Feature | INFL | TIPS (e.g., TIP ETF) |
|---|---|---|
| Asset Class | Equities (stocks) | Government inflation-linked bonds |
| Return Drivers | Earnings growth, asset appreciation | Coupon + inflation adjustment |
| Volatility | Moderate to high | Low |
| Use Case | Aggressive inflation hedge | Conservative inflation protection |
👉 TIPS protect your capital.
👉 INFL aims to grow it during inflationary cycles.
Who Should Consider INFL?
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Investors concerned about the erosion of cash and bond yields
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Those who prefer equity-based inflation protection
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People interested in natural resources, agriculture, and infrastructure
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Anyone looking for a long-term inflation-linked growth strategy
Final Thoughts: Inflation Isn’t a Threat — It’s an Opportunity
INFL ETF isn’t just about riding out inflation.
It’s about profitably navigating it.
This ETF focuses on companies that own land, generate royalties, control infrastructure, or deal in physical commodities — firms that often thrive as prices rise.
📌 If you want something more dynamic than cash and more strategic than TIPS,
INFL could be one of the smartest ways to position for the future.
This post is not a buy or sell recommendation, but an introduction to the ETF/stock.
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