MILN


Millennial Consumer ETF

Reasons to Consider MILN

High Growth Potential

Millennials have surpassed Baby Boomers as the largest generation in the US.1 With most of their prime earning years ahead, companies that cater to Millennials should be well positioned for growth.

Invest in US Consumers

The US economy is consumer-driven, with private consumption accounting for more than two-thirds of nominal GDP.2

Unconstrained Approach

The most innovative US companies often defy sector categorization. MILN invests accordingly across a wide range of consumer-driven businesses.

1Statista, Jun 2021
2FRED, Jan 2022

Key Information As of 12/05/23

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $107.13 million
NAV $33.38
Fact Sheet View the document

ETF Summary

The Global X Millennial Consumer ETF (MILN) seeks to invest in companies that have a high likelihood of benefiting from the rising spending power and unique preferences of the U.S. Millennial generation (birth years ranging from 1980-2000). These companies come from a broad range of categories, including: social media and entertainment, food and dining, clothing and apparel, health and fitness, travel and mobility, education and employment, housing and home goods, and financial services.

ETF Objective

The Global X Millennial Consumer ETF (MILN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx Millennials Thematic Index.

Trading Details As of 12/04/23

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,210,000
Number of Holdings 80
30-Day Median Bid-Ask Spread 0.28%

Distributions As of 12/05/23

30-Day SEC Yield 0.30%
Distribution Frequency Semi-Annually

ETF Prices As of 12/05/23

NAV $33.38 Daily Change -$0.19 -0.57%
Market Price $33.37 Daily Change -$0.18 -0.54%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 18.51% 18.90% 19.11%
3 Years -0.68% -0.64% -0.20%
5 Years 5.38% 5.41% 5.90%
Since Inception 10.44% 10.41% 10.95%
1 Year 15.87% 15.97% 16.42%
3 Years -2.11% -2.10% -1.66%
5 Years 9.11% 9.10% 9.65%
Since Inception 11.35% 11.29% 11.87%
Year-to-Date 16.24% 16.53% 16.64%
1 Month -5.36% -5.32% -5.33%
3 Months -4.80% -4.55% -4.68%
Since Inception 108.70% 108.28% 116.05%
Year-to-Date 25.77% 25.80% 26.29%
1 Month 12.61% 12.66% 12.69%
3 Months 2.40% 2.21% 2.50%
Since Inception 125.81% 124.86% 133.92%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 12/05/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.12 UBER UBER TECHNOLOGIES INC BK6N347 57.97 94,656 5,487,208.32
4.01 META META PLATFORMS INC B7TL820 318.29 13,505 4,298,506.45
3.98 AMZN AMAZON.COM INC 2000019 146.88 29,061 4,268,479.68
3.65 NFLX NETFLIX INC 2857817 455.15 8,596 3,912,469.40
3.60 CMG CHIPOTLE MEXICAN B0X7DZ3 2,226.25 1,733 3,858,091.25
3.59 INTU INTUIT INC 2459020 571.78 6,735 3,850,938.30
3.48 LULU LULULEMON ATHLETICA INC B23FN39 456.93 8,167 3,731,747.31
3.39 GOOGL ALPHABET INC-CL A BYVY8G0 130.99 27,699 3,628,292.01
3.38 COST COSTCO WHOLESALE CORP 2701271 605.35 5,976 3,617,571.60
3.32 BKNG BOOKING HOLDINGS INC BDRXDB4 3,148.01 1,131 3,560,399.31
3.26 ABNB AIRBNB INC-CLASS A BMGYYH4 133.71 26,113 3,491,569.23
3.25 AAPL APPLE INC 2046251 193.42 17,973 3,476,337.66
3.13 FI FISERV INC 2342034 130.45 25,713 3,354,260.85
3.08 HD HOME DEPOT INC 2434209 323.50 10,184 3,294,524.00
3.07 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 199.32 16,472 3,283,199.04
2.84 LOW LOWE'S COS INC 2536763 205.92 14,768 3,041,026.56
2.79 SQ BLOCK INC BYNZGK1 64.89 46,086 2,990,520.54
2.54 NKE NIKE INC -CL B 2640147 115.41 23,532 2,715,828.12
2.50 DIS WALT DISNEY CO/THE 2270726 90.79 29,505 2,678,758.95
2.48 SBUX STARBUCKS CORP 2842255 95.54 27,810 2,656,967.40
2.13 PYPL PAYPAL HOLDINGS INC BYW36M8 57.92 39,393 2,281,642.56
1.96 AVB AVALONBAY COMMUNITIES INC 2131179 175.76 11,921 2,095,234.96
1.77 EBAY EBAY INC 2293819 41.48 45,651 1,893,603.48
1.75 EQR EQUITY RESIDENTIAL 2319157 58.25 32,193 1,875,242.25
1.62 EXPE EXPEDIA GROUP INC B748CK2 138.40 12,570 1,739,688.00
1.62 INVH INVITATION HOMES INC BD81GW9 33.29 51,988 1,730,680.52
1.54 SNAP SNAP INC - A BD8DJ71 14.60 112,849 1,647,595.40
1.25 SE SEA LTD-ADR BYWD7L4 38.00 35,357 1,343,566.00
1.15 CVNA CARVANA CO BYQHPG3 38.76 31,684 1,228,071.84
0.90 UDR UDR INC 2727910 34.54 27,989 966,740.06
0.82 KMX CARMAX INC 2983563 65.31 13,436 877,505.16
0.81 ETSY ETSY INC BWTN5N1 81.66 10,599 865,514.34
0.79 CPT CAMDEN PROPERTY TRUST 2166320 93.04 9,073 844,151.92
0.72 MTCH MATCH GROUP INC BK80XH9 32.32 23,751 767,632.32
0.68 DKS DICK'S SPORTING GOODS INC 2969637 137.18 5,277 723,898.86
0.64 SKX SKECHERS USA INC-CL A 2428042 59.86 11,433 684,379.38
0.58 CAR AVIS BUDGET GROUP INC B1CL8J2 183.97 3,357 617,587.29
0.56 VFC VF CORP 2928683 18.07 33,047 597,159.29
0.52 COUR COURSERA INC BNSNZL7 20.93 26,391 552,363.63
0.50 AN AUTONATION INC 2732635 135.19 3,988 539,137.72
0.48 CPRI CAPRI HOLDINGS LTD BJ1N1M9 48.49 10,690 518,358.10
0.46 PLNT PLANET FITNESS INC - CL A BYSFJV8 68.30 7,216 492,852.80
0.44 W WAYFAIR INC- CLASS A BQXZP64 55.63 8,454 470,296.02
0.43 LRN STRIDE INC BLD5321 60.30 7,693 463,887.90
0.40 YELP YELP INC B7KCD72 44.13 9,658 426,207.54
0.39 COLM COLUMBIA SPORTSWEAR CO 2229126 79.53 5,288 420,554.64
0.37 SFM SPROUTS FARMERS BCGCR79 45.30 8,764 397,009.20
0.36 PRDO PERDOCEO EDUCATION CORP BKRQQR9 17.82 21,798 388,440.36
0.36 LYFT LYFT INC-A BJT1RW7 12.24 31,416 384,531.84
0.33 CARG CARGURUS INC BF5D6S8 21.30 16,412 349,575.60
0.32 SLM SLM CORP 2101967 15.94 21,592 344,176.48
0.32 PWSC POWERSCHOOL HLDG BMGTPK9 23.08 14,823 342,114.84
0.31 ANGI ANGI INC BF4VWH4 2.41 138,088 332,792.08
0.31 LAUR LAUREATE EDUCATION INC BYMYT66 13.10 24,948 326,818.80
0.30 GHC GRAHAM HOLDING-B BGM1B98 637.09 496 315,996.64
0.28 VMEO VIMEO INC BNDYF15 3.68 82,469 303,485.92
0.28 CRI CARTER'S INC 2980939 70.61 4,211 297,338.71
0.28 CSR CENTERSPACE BN47P80 55.00 5,382 296,010.00
0.27 DBI DESIGNER BRAND-A BJ9J282 8.54 33,854 289,113.16
0.27 TRIP TRIPADVISOR INC B6ZC3N6 17.77 16,118 286,416.86
0.26 STRA STRATEGIC EDUCATION INC BGGJFV8 89.60 3,141 281,433.60
0.26 ZG ZILLOW GROUP INC - A BVYJBR3 42.52 6,607 280,929.64
0.26 CARS CARS.COM INC BYXHTC0 18.57 14,920 277,064.40
0.26 NNI NELNET INC-CL A 2196190 84.59 3,274 276,947.66
0.26 LC LENDINGCLUB CORP BK95GR4 6.70 40,995 274,666.50
0.25 IRT INDEPENDENCE REA BCRYTK1 14.21 19,075 271,055.75
0.25 UAA UNDER ARMOUR INC-CLASS A B0PZN11 8.25 32,433 267,572.25
0.24 HIMS HIMS & HERS HEALTH INC BN46048 8.84 29,458 260,408.72
0.24 LTH LIFE TIME GROUP BPH0546 14.68 17,132 251,497.76
0.22 VSCO VICTORIA'S SECRET & CO BNNTGH3 26.00 9,050 235,300.00
0.21 ZIP ZIPRECRUITER INC-A BMGH6N3 13.19 17,085 225,351.15
0.21 GPRO GOPRO INC-CLASS A BMNQC35 3.55 62,037 220,231.35
0.19 IHRT IHEARTMEDIA INC - CLASS A BJVR9Y9 2.75 75,645 208,023.75
0.19 MED MEDIFAST INC 2934033 68.13 3,008 204,935.04
0.19 PLCE CHILDREN'S PLACE INC/THE 2106791 21.60 9,487 204,919.20
0.17 ACCD ACCOLADE INC BMB3JJ3 9.00 19,881 178,929.00
0.16 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 5.90 29,166 172,079.40
0.15 CHGG CHEGG INC BG6N6K6 10.00 16,419 164,190.00
0.15 AMWL AMERICAN WELL -A BN0SDK5 1.21 134,828 163,141.88
0.14 CASH 1.00 148,732 148,732.40
0.05 TWOU 2U INC BKWBZZ0 0.97 52,196 50,504.85
0.00 OTHER PAYABLE & RECEIVABLES 1.00 2,787 2,786.55
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/23

Sector Weight (%)
Consumer Discretionary 43.3
Communication Services 22.3
Information Technology 9.8
Real Estate 7.8
Financials 6.1
Industrials 6.1
Consumer Staples 3.9
Health Care 0.6
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 20.0
Other Consumer Services 12.4
Packaged Software 9.5
Real Estate Investment Trusts 7.6
Specialty Stores 6.6
Restaurants 6.1
Home Improvement Chains 6.0
Data Processing Services 5.6
Apparel/Footwear Retail 5.1
Apparel/Footwear 4.4
Internet Retail 4.4
Other 12.3

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 12/04/23

Return on Equity 15.60%
Weighted Avg. Market Cap 340,940 M
2022 2023
Price-to-earnings 58.43 32.02
Price-to-book value 5.08 4.88

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/23

Versus Beta
S&P 500 1.22
NASDAQ-100 0.94
MSCI EAFE 1.18
MSCI Emg. Mkts 0.93
Standard Deviation 23.80%

Source: new windowAltaVista Research, LLC

ETF Research

Investing involves risk, including the possible loss of principal. The investable universe of companies in which MILN may invest may be limited. The Fund invests in securities of companies engaged in Information Technology which can be affected by rapid product obsolescence and intense industry competition. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. MILN is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.