INFL

Horizon Kinetics Inflation Beneficiaries ETF
*Unless otherwise stated, data provided by FactSet.

INFL Fund Description

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.

INFL Factset Analytics Insight

INFL is Horizon Kinetics’ first ETF launch, with an exposure to global companies expected to be inflation beneficiaries (typically those that can increase revenue without a corresponding increase in expenses in an inflationary environment). Such companies may include: exploration and production companies, mining companies, transportation companies, infrastructure and real estate companies (with an emphasis on “asset light” businesses with royalty, streaming, rental, brokerage, management, and leasing exposure). INFL may also have significant exposure to securities exchange companies. The fund’s portfolio will comprise of approximately 20-60 issuers of any market capitalization, and its investments will generally include common stocks, ownership units of publicly traded MLPs (including general and limited partnership interests), as well as units of royalty trusts.

INFL MSCI ESG Analytics Insight

Horizon Kinetics Inflation Beneficiaries ETF has an MSCI ESG Fund Rating of AA based on a score of 7.73 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Horizon Kinetics Inflation Beneficiaries ETF ranks in the 82nd percentile within its peer group and in the 94th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

INFL MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

PERFORMANCE [as of 10/21/21] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
INFL 7.84% 8.51% -- -- -- -- --
INFL (NAV) 6.90% 6.30% -- -- -- -- --
No Underlying Index -- -- -- -- -- -- --
MSCI ACWI + Frontier Markets IMI Index 3.34% 3.60% 16.51% 31.12% 16.39% 14.35% 11.62%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

INFL Summary Data

Horizons
01/11/21
Open-Ended Fund
0.85%
$830.58M
$8.20M
0.14%

INFL Portfolio Data

$23.24B
24.31
2.91
--
N/A
37

INFL Index Data

No Underlying Index
Proprietary
Proprietary
MSCI ACWI + Frontier Markets IMI Index

INFL Portfolio Management

0.85%
--
--
--

INFL Tax Exposures

20.00% / 39.60%
--
Qualified dividends
No

INFL Fund Structure

Open-Ended Fund
No
No
-- / --
N/A
N/A
Low
Daily

INFL Factset Analytics Block Liquidity

As of 10/22/21
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of INFL. INFL is rated a 5 out of 5.

INFL Tradability

277,103
$8.20M
216,091
$6.09M
0.14%
$0.04
0.21%
1.33% / -0.23%
None
78.00%
25,000
8.64
0.03%
0.19%
6,776
$31.40
5

INFL Sector/Industry Breakdown


INFL
Segment Benchmark
40.88%
17.14%
20.23%
5.06%
13.36%
3.33%
8.33%
11.30%
5.23%
6.35%
4.76%
26.56%

INFL Top 10 Holdings[View All]

5.07%
4.31%
4.23%
4.19%
4.10%
3.64%
44.92%

INFL Countries


INFL
Segment Benchmark
50.33%
59.14%
31.20%
2.64%
6.23%
1.89%
4.43%
2.27%
3.97%
0.36%
2.78%
2.66%
1.07%
6.25%
--
0.01%
--
0.00%
--
1.85%

INFL Regions


INFL
Segment Benchmark
81.52%
61.78%
11.27%
18.67%
7.21%
17.36%
--
0.93%
--
1.27%

INFL Economic Development


INFL
Segment Benchmark
100.00%
94.69%
--
5.31%

INFL Performance Statistics

0.64
1.10
1.11
1.00
0.54%
MSCI ACWI + Frontier Markets IMI Index

INFL MSCI ESG Ratings

7.73 / 10
93.82
82.08
5.73%
--
65.03

INFL Benchmark Comparison Holdings

37
9356
35
0.83%

INFL Benchmark Comparison Summary


INFL
Segment Benchmark
37
9356
$23.24B
$331.38B
24.31
25.07
2.91
2.87
1.78%
1.61%
Medium
Low

INFL Benchmark Comparison Market Cap Size


INFL
Segment Benchmark
50.39%
80.80%
28.01%
14.40%
18.59%
4.48%
3.02%
0.32%

Options Strategies for Outcome Investing

A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.