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 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%

Performance History

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.

Top Holdings As of 03/30/23

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

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.

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