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MILN

Millennial Consumer ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 03/30/23

Inception Date	05/04/16
Total Expense Ratio	0.50%
Net Assets	$99.54 million
NAV	$29.28
Fact Sheet

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 03/30/23

Ticker	MILN
Bloomberg Index Ticker	IMILN
CUSIP	37954Y764
ISIN	US37954Y7647
Primary Exchange	Nasdaq
Shares Outstanding	3,400,000
Number of Holdings	81
30-Day Median Bid-Ask Spread	0.27%

Distributions As of 03/30/23

30-Day SEC Yield	0.36%
Distribution Frequency	Semi-Annually

ETF Prices As of 03/30/23

NAV	$29.28	Daily Change	$0.27	0.93%
Market Price	$29.26	Daily Change	$0.22	0.76%

As of recent (12/31/22) As of recent (12/31/22)	Fund NAV	Market Price	Index
1 Year	-38.50%	-38.46%	-38.24%
3 Years	0.55%	0.50%	1.07%
5 Years	6.65%	6.59%	7.20%
Since Inception	9.18%	9.11%	9.69%
1 Year	-19.86%	-19.90%	-19.53%
3 Years	6.17%	6.09%	6.69%
5 Years	7.74%	7.75%	8.28%
Since Inception	10.58%	10.53%	11.10%
Year-to-Date	-38.50%	-38.46%	-38.24%
1 Month	-7.87%	-7.81%	-7.82%
3 Months	1.95%	2.04%	2.12%
Since Inception	79.54%	78.74%	85.22%
Year-to-Date	10.64%	10.77%	10.71%
1 Month	-3.41%	-3.34%	-3.40%
3 Months	1.93%	2.11%	2.05%
Since Inception	98.64%	97.98%	105.05%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
4.66	SBUX	STARBUCKS CORP	2842255	101.32	45,357	4,595,571.24
4.50	BKNG	BOOKING HOLDINGS INC	BDRXDB4	2,609.76	1,702	4,441,811.52
4.22	FISV	FISERV INC	2342034	113.00	36,831	4,161,903.00
4.06	ATVI	ACTIVISION BLIZZARD INC	2575818	84.89	47,199	4,006,723.11
3.68	LOW	LOWE'S COS INC	2536763	192.65	18,843	3,630,103.95
3.67	HD	HOME DEPOT INC	2434209	285.36	12,680	3,618,364.80
3.62	AAPL	APPLE INC	2046251	162.36	22,005	3,572,731.80
3.59	NKE	NIKE INC -CL B	2640147	120.10	29,461	3,538,266.10
3.59	UBER	UBER TECHNOLOGIES INC	BK6N347	31.19	113,428	3,537,819.32
3.58	META	META PLATFORMS INC	B7TL820	207.84	16,984	3,529,954.56
3.53	NFLX	NETFLIX INC	2857817	338.43	10,286	3,481,090.98
3.45	INTU	INTUIT INC	2459020	440.09	7,729	3,401,455.61
3.22	COST	COSTCO WHOLESALE CORP	2701271	491.48	6,468	3,178,892.64
2.98	CMG	CHIPOTLE MEXICAN	B0X7DZ3	1,672.17	1,758	2,939,674.86
2.85	ABNB	AIRBNB INC-CLASS A	BMGYYH4	122.28	23,026	2,815,619.28
2.84	DIS	WALT DISNEY CO/THE	2270726	98.10	28,579	2,803,599.90
2.84	GOOGL	ALPHABET INC-CL A	BYVY8G0	100.89	27,766	2,801,311.74
2.79	LULU	LULULEMON ATHLETICA INC	B23FN39	358.09	7,693	2,754,786.37
2.76	SE	SEA LTD-ADR	BYWD7L4	86.62	31,383	2,718,395.46
2.54	PYPL	PAYPAL HOLDINGS INC	BYW36M8	74.39	33,686	2,505,901.54
2.47	AMZN	AMAZON.COM INC	2000019	102.00	23,863	2,434,026.00
2.04	SQ	BLOCK INC	BYNZGK1	68.49	29,440	2,016,345.60
1.64	EBAY	EBAY INC	2293819	43.91	36,877	1,619,269.07
1.60	SPOT	SPOTIFY TECHNOLOGY SA	BFZ1K46	130.83	12,082	1,580,688.06
1.45	AVB	AVALONBAY COMMUNITIES INC	2131179	163.26	8,770	1,431,790.20
1.40	EQR	EQUITY RESIDENTIAL	2319157	58.53	23,584	1,380,371.52
1.19	INVH	INVITATION HOMES INC	BD81GW9	30.70	38,128	1,170,529.60
1.15	SNAP	SNAP INC - A	BD8DJ71	10.91	103,922	1,133,789.02
0.92	EXPE	EXPEDIA GROUP INC	B748CK2	96.13	9,425	906,025.25
0.88	ETSY	ETSY INC	BWTN5N1	108.78	7,957	865,562.46
0.83	UDR	UDR INC	2727910	39.88	20,416	814,190.08
0.69	CPT	CAMDEN PROPERTY TRUST	2166320	103.21	6,609	682,114.89
0.68	MTCH	MATCH GROUP INC	BK80XH9	37.61	17,895	673,030.95
0.64	CAR	AVIS BUDGET GROUP INC	B1CL8J2	187.76	3,373	633,314.48
0.63	KMX	CARMAX INC	2983563	61.10	10,148	620,042.80
0.55	VFC	VF CORP	2928683	22.22	24,416	542,523.52
0.55	CARS	CARS.COM INC	BYXHTC0	18.93	28,596	541,322.28
0.54	DKS	DICK'S SPORTING GOODS INC	2969637	137.11	3,911	536,237.21
0.53	AVTA	AVANTAX INC	B8L2DV2	25.74	20,126	518,043.24
0.52	AN	AUTONATION INC	2732635	131.43	3,895	511,919.85
0.50	STRA	STRATEGIC EDUCATION INC	BGGJFV8	88.24	5,540	488,849.60
0.46	SKX	SKECHERS USA INC-CL A	2428042	46.53	9,815	456,691.95
0.43	CPRI	CAPRI HOLDINGS LTD	BJ1N1M9	45.83	9,279	425,256.57
0.42	LRN	STRIDE INC	BLD5321	39.03	10,619	414,459.57
0.41	PLNT	PLANET FITNESS INC - CL A	BYSFJV8	76.71	5,282	405,182.22
0.41	NNI	NELNET INC-CL A	2196190	90.49	4,457	403,313.93
0.40	SFM	SPROUTS FARMERS	BCGCR79	34.49	11,463	395,358.87
0.39	LAUR	LAUREATE EDUCATION INC	BYMYT66	11.62	33,358	387,619.96
0.38	COLM	COLUMBIA SPORTSWEAR CO	2229126	87.97	4,297	378,007.09
0.37	GHC	GRAHAM HOLDING-B	BGM1B98	588.09	620	364,615.80
0.34	YELP	YELP INC	B7KCD72	29.98	11,218	336,315.64
0.33	ZG	ZILLOW GROUP INC - A	BVYJBR3	42.17	7,662	323,106.54
0.31	CRI	CARTER'S INC	2980939	69.78	4,373	305,147.94
0.29	PLCE	CHILDREN'S PLACE INC/THE	2106791	38.36	7,480	286,932.80
0.29	TRIP	TRIPADVISOR INC	B6ZC3N6	19.31	14,559	281,134.29
0.27	VSCO	VICTORIA'S SECRET & CO	BNNTGH3	33.30	8,045	267,898.50
0.27	SLM	SLM CORP	2101967	12.21	21,764	265,738.44
0.25	TRVG	TRIVAGO NV - ADR	BYMD190	1.53	161,355	246,873.15
0.24	DBI	DESIGNER BRAND-A	BJ9J282	8.62	27,457	236,679.34
0.23	GPRO	GOPRO INC-CLASS A	BMNQC35	4.91	45,759	224,676.69
0.22	IRT	INDEPENDENCE REA	BCRYTK1	15.70	14,096	221,307.20
0.22	MED	MEDIFAST INC	2934033	98.65	2,185	215,550.25
0.21	UAA	UNDER ARMOUR INC-CLASS A	B0PZN11	9.30	22,184	206,311.20
0.20	TWOU	2U INC	BKWBZZ0	6.54	29,653	193,930.62
0.19	CSR	CENTERSPACE	BN47P80	53.00	3,604	191,012.00
0.19	LYFT	LYFT INC-A	BJT1RW7	9.10	20,928	190,444.80
0.19	PTON	PELOTON INTERACTIVE INC-A	BJ7WJS2	10.57	18,009	190,355.13
0.18	LC	LENDINGCLUB CORP	BK95GR4	7.09	25,217	178,788.53
0.18	AAN	AARON'S CO INC/THE	BLFGN99	9.12	19,082	174,027.84
0.17	CHGG	CHEGG INC	BG6N6K6	16.24	10,285	167,028.40
0.16	CARG	CARGURUS INC	BF5D6S8	18.14	8,618	156,330.52
0.16	W	WAYFAIR INC- CLASS A	BQXZP64	32.48	4,743	154,052.64
0.15	ANGI	ANGI INC	BF4VWH4	2.19	65,608	143,681.52
0.14	WW	WW INTERNATIONAL INC	BK71LY6	3.92	34,028	133,389.76
0.13		CASH		1.00	130,508	130,507.76
0.12	VMEO	VIMEO INC	BNDYF15	3.64	31,348	114,106.72
0.10	BODY	BEACHBODY CO INC/THE	BL98755	0.49	195,342	96,147.33
0.08	TREE	LENDINGTREE INC	BV8TD84	24.97	3,124	78,006.28
0.07	IHRT	IHEARTMEDIA INC - CLASS A	BJVR9Y9	3.72	18,894	70,285.68
0.06	GRPN	GROUPON INC	BMTD360	3.37	18,103	61,007.11
0.05	CVNA	CARVANA CO	BYQHPG3	8.83	5,375	47,461.25
0.01	BBBY	BED BATH & BEYOND INC	2085878	0.59	16,524	9,808.65

Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 02/28/23

	Sector	Weight (%)
	Consumer Discretionary	44.0
	Communication Services	22.8
	Information Technology	16.1
	Real Estate	6.8
	Industrials	4.9
	Consumer Staples	3.8
	Financials	1.7

Source: AltaVista Research, LLC

ETF Characteristics As of 03/30/23

Return on Equity	18.40%
Weighted Avg. Market Cap	225,171 M
	2022	2023
Price-to-earnings	39.21	23.82
Price-to-book value	4.73	4.07

Source: AltaVista Research, LLC

ETF Risk Stats As of 02/28/23

Versus	Beta
S&P 500	1.27
MSCI EAFE	1.21
MSCI Emg. Mkts	0.98
Standard Deviation	28.80%

Source: AltaVista Research, LLC

ETF Research

Global X ETFs Survey: Beyond Baby Boomers

Mapping Millennial Spending

Latest Premium / Discount As of 03/30/23

NAV	$29.28
Market Price	$29.26
Premium / (Discount)	($0.02)

Current View 2023 Q1 As of 03/30/23

Days at Premium	19
Days at NAV	0
Days at Discount	42
Greatest Premium	0.23%
Greatest Discount	-0.22%

Daily Premium / Discount History As of 03/30/23

Hover over the chart points for details

View Chart Explanation

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.

MILN

Millennial Consumer ETF

Reasons to Consider MILN

High Growth Potential

Invest in US Consumers

Unconstrained Approach

Key Information As of 03/30/23

ETF Summary

ETF Objective

Trading Details As of 03/30/23

Distributions As of 03/30/23

ETF Prices As of 03/30/23

Performance History

Top Holdings As of 03/30/23

Sector Breakdown As of 02/28/23

ETF Characteristics As of 03/30/23

ETF Risk Stats As of 02/28/23

ETF Research

Global X ETFs Survey: Beyond Baby Boomers

Mapping Millennial Spending

ETF Documents