Summary
Horizon Kinetics Inflation Beneficiaries ETF is an ETF - a fund traded on an exchange like a stock - run by Horizon Kinetics. Positions inside: 49. The ten largest make up 49% of the fund.
- Yearly costs
- 0.85%
- Fund size
- $1.55B
- Positions
- 49
- Dividend yield
- 0.79%
- Running since
- 2021
What speaks for it
- A large fund with $1.55B under management.
- Average yearly growth over the last five years: 9.9%.
What to watch
- 41% of the fund is in one sector (Energy).
- Costs of 0.85% a year are above the middle of comparable funds (0.44%).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -1.3%
- 3 months
- -0.5%
- This year
- +14%
- 1 year
- +16%
- 3 years
- +70%
- 5 years
- +60%
- Avg. market cap
- $28.4B
- P/E
- 29.9x
- Forward P/E
- 27.4x
- P/S
- 3.6x
- P/B
- 3.8x
- P/FCF
- 0.0x
- EV/EBITDA
- 17.2x
- Dividend yield
- 1.19%
- ROIC
- 595.8%
- ROE
- 453.9%
- Gross margin
- 67.9%
- Operating margin
- -255.6%
- Net margin
- -263.5%
- Payout ratio
- 35.7%
- Net debt/EBITDA
- 1.5x
- Beta
- 0.53
Weighted average of the 41 largest companies, which make up 89% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 LBBath & Body Works LB 6.9%
- 2 WPWheaton Precious Metals Corp. WPM 6.2%
- 3 FNFranco-Nevada Corporation FNV 5.4%
- 4 PSPrairieSky Royalty Ltd. PSK.TO 5.3%
- 5 ICIntercontinental Exchange, Inc. ICE 4.7%
- 6 WBWaterBridge Infrastructure LLC WBI 4.7%
- 7 US BANK MMDA - USBGFS 7 06/01/2031 4.4%
- 8 TPTexas Pacific Land Corporation TPL 4.2%
- 9 OROsisko Gold Royalties Ltd OR 3.9%
- 10 PBPermian Basin Royalty Trust PBT 3.6%
Positions in the fund: 49. The ten largest make up 49% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One sector dominatesBy sector
- Energy 41%
- Financials 26%
- Basic materials 22%
- Consumer defensive 2.7%
- Industrials 2.3%
- Other 5.1%
By country
- United States 51%
- Canada 33%
- Singapore 4.0%
- Germany 3.2%
- Other countries 8.9%
By company size
- Large cap 53%
- Mid cap 28%
- Small cap 18%
- Micro cap 1.1%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 89% of the fund.
Largest sector: Energy (41%). Largest country: United States (51%). Largest size group: Large cap (53%).
What does it cost me?
Expensive- A year from $10,000
- $85.00
- Over 20 years
- $3,981
From every $10,000 invested the fund takes $85.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,981.
How has it done?
Growing over the long run- A year on average, 5 years
- +9.9%
- Deepest drop
- -22%
- Yearly volatility
- 17%
Average yearly growth over the last five years: 9.9%. Deepest drop in these years: 22% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.79%
- Payments a year
- 4
- Last payment
- $0.09
Over the last 12 months it paid $0.40 per share, which is 0.79% of today's price. The last payment was $0.09 on Sep 23, 2026.
Is it easy to buy and sell?
Yes- Traded a day
- $7.88M
- Shares a day
- 155K
On an average day about $7.88M of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 29.9
- Average Bulios Score
- 63 out of 100
Weight by Bulios Fair Price
- Undervalued 13%
- Fairly valued 12%
- Overvalued 75%
On average the companies inside trade for 29.9 times their yearly profit. By Fair Price, 75% of the rated weight comes out as overvalued.
Counted from its largest companies (41), which make up 89% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
BC BCDF Horizon Kinetics Blockchain Development ETF | United States | 0.85% | $24.2M | +4.8% | Pays out | 24% |
NV NVIR Horizon Kinetics Energy Remediation ETF | United States | 0.85% | $5.04M | +24% | Pays out | 22% |