INFL ETF — Horizon Kinetics Inflation Beneficiaries ETF

Horizon Kinetics Inflation Beneficiaries ETF (INFL)

Updated October 16, 2026.

INFL is an ETF. its distribution rate is 0.70%, its trailing-12-month yield is 0.78%, its expense ratio is 0.85%. Dividend Vision Distribution Safety Score™ is 57/100 (Caution). Total return is 120.3% over the past 5.8 years, 2.7 points ahead of SPY at 117.6%.

Horizon Kinetics Inflation Beneficiaries ETF is an actively managed equity ETF that invests in domestic and foreign companies expected to benefit from rising prices, including common stocks, publicly traded MLPs, and royalty trust units. The fund carries a modest distribution rate with quarterly distributions and has an expense ratio of 0.85%. It appeals to investors seeking exposure to inflation-benefiting equities, though its non-diversified structure carries concentrated risk relative to broad equity funds.

INFL performance versus SPY

Price and return data through 2026-10-16.

Total return is 120.3% over the past 5.8 years, 2.7 points ahead of SPY at 117.6%. Over the past year its total return — price change plus distributions reinvested — is 16.8%. Its deepest 1-year drawdown was 12.2%.

INFL key facts

Distribution Safety Score™

57 · Caution

Safety-Adjusted Yield

0.40%

Issuer

Horizon Kinetics

Asset type

ETF

Asset class

Equity

Inception date

01/11/2021

Expense ratio

0.85%

Distribution rate

0.70%

Distribution frequency

Quarterly

Trailing yield

0.78%

Last close

$51.26 (as of 2026-10-16)

AUM

$1,526,399,823

Average volume

112177.0

Dividend

$0.08932

Ex-dividend date

09/23/2026

Payment date

09/24/2026

Beta

0.55

How Dividend Vision calculates yield and returns

Distribution rate (0.70%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.78%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Horizon Kinetics; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

INFL risks and drawbacks

INFL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 12.2%.

Who may consider INFL — and who may not

It is a weaker fit for investors who need monthly cash flow (INFL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on INFL

• All tickers starting with I

Frequently asked questions

More securities from Horizon Kinetics.