AVTM vs INFL

AVTMAAvantis Total Equity Markets ETF 1

INFLCHorizon Kinetics Inflation Beneficiaries ETF

In short

AVTM Avantis' one-ticket world stock market: roughly 1,700 holdings, U.S. names owned directly and the overseas sleeves held through sister Avantis funds, all tilted toward cheaper, more profitable companies.

INFL Most equity funds chase an index. INFL chases purchasing power: a hand-picked book of roughly 50 stocks built around one question, what holds up when prices rise. Active since 2021, with no benchmark to hide behind.

Stated mandate

AVTM Seeks long-term capital appreciation through a broadly diversified total-market equity allocation, using individual securities and Avantis ETFs while emphasizing securities expected to offer higher returns or better risk characteristics than a passive market-capitalization-weighted index.

INFL The Fund targets long-term capital appreciation after accounting for inflation.

Why people hold it

• AVTM Costs 0.22% net of a fee waiver (0.23% gross), a notch under stablemate AVGE at 0.23% and below the typical fee in its category.
• Owns U.S. companies directly rather than only stacking funds, then uses Avantis ETFs for developed and emerging markets abroad. One ticket, all market caps.sec.gov
• Benchmarked to 85% Russell 3000 and 15% MSCI ACWI ex-US IMI: a deliberately U.S.-heavy world portfolio, not a global cap-weight split.avantisinvestors.com
• One of the stronger builds in a crowded field of actively managed global equity funds.

• INFL The mandate is unusually specific: long-term capital appreciation after accounting for inflation, not simply beating a stock index. That framing drives value-led, bottom-up stock picking.
• About 50 names across US and developed international markets. Concentrated enough that individual picks actually move the portfolio, which is the point of hiring an active manager.
• Trades well for a niche active fund. Liquidity and spreads sit near the top of its global active equity peer group, so getting in and out is rarely the expensive part.
• Launched in 2021 and since grown past the billion-dollar mark, giving it an operating history and a scale most thematic launches never reach. Pays quarterly.

Worth knowing

• AVTM Avantis flags that much of the starting portfolio sits on a low tax basis, so the fund may realize and distribute more capital gains than other ETFs.avantisinvestors.com
• Trades thinly next to the index giants in its category, so spreads and order size matter more here.
• Launched January 2026, so the history is short, and with no index to follow the portfolio reflects Avantis' own valuation and profitability tilts.sec.gov

• INFL At 0.85% a year, it costs more than the typical global active equity fund. Broad index peers like GSWO and DFAW charge a fraction of that.
• No index to grade it against. This is a manager's book of inflation beneficiaries, so the process and the holdings, not tracking error, are what you are judging.
• A concentrated, theme-driven portfolio moves on its own schedule. It can look nothing like the broad market for long stretches, in either direction.

Full AVTM profile⁠

Full INFL profile⁠