Does anyone have on $INFL in their Portfolio?

I found this ETF a year ago and find it quite interesting. It's an actively managed ETF which buys companies which directly or indirectly benefit from inflation. Had this on my watchlist for the past year because I am not the biggest fans of the holdings but recently thought of buying it as a 2/3% position and wanted to know if anyone has a take on this ETF. my notes are as following: Pros: \- Inflation will stay high 2-3%+ for the foreseeable future \- These companies benefit because they earn on nominal growth which inflation supports \- They are generally non capital intensive businesses so they're costs don't rise proportionally to inflation \- Correlation coefficient of between +0.65 to +0.75 with SPY. So generally moves with the SPY but has a Beta of 0.65 to 0.70. Which take risk out, more attractive risk return profile Cons: \- Average PE ratio of 32, relatively high for these companies looking back. \- 44% exposure to energy (cyclicality risk) \- 0.85% expense ratio (almost covered by the .80% yield) In general I'm wondering if it's even worth adding to my portfolio as I do think that these companies will generally benefit from inflation but at that point might just buy the favourites from the ETF? Any thoughts appreciated.