MILN


Millennial Consumer ETF

Reasons to Consider MILN

High Growth Potential

Millennials have surpassed Baby Boomers as the largest generation in the U.S. and now make up over 45% of the U.S. workforce.1 With most of their prime earning years ahead, companies that cater to Millennials could be well positioned for growth.

Invest in U.S. Consumers

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

Unconstrained Approach

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

1Axios, Nov 2023
2CEIC Data, Dec 2023

Key Information As of 05/28/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $115.34 million
NAV $37.57
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 05/28/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,070,000
Number of Holdings 78
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 05/28/24

30-Day SEC Yield 0.33%
Distribution Frequency Semi-Annually

ETF Prices As of 05/28/24

NAV $37.57 Daily Change -$0.13 -0.34%
Market Price $37.57 Daily Change -$0.10 -0.27%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 31.46% 31.86% 32.10%
3 Years -0.59% -0.62% -0.13%
5 Years 10.83% 10.83% 11.39%
Since Inception 13.35% 13.30% 13.88%
1 Year 24.32% 24.14% 24.94%
3 Years -3.33% -3.41% -2.88%
5 Years 8.90% 8.88% 9.44%
Since Inception 12.59% 12.52% 13.11%
Year-to-Date 10.26% 10.30% 10.39%
1 Month 2.33% 2.62% 2.35%
3 Months 10.26% 10.30% 10.39%
Since Inception 169.62% 168.65% 179.73%
Year-to-Date 5.50% 5.44% 5.67%
1 Month -4.32% -4.40% -4.27%
3 Months 5.83% 5.86% 5.97%
Since Inception 157.97% 156.83% 167.79%

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 05/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.40 COST COSTCO WHOLESALE CORP 2701271 813.17 4,813 3,913,787.21
3.39 GOOGL ALPHABET INC-CL A BYVY8G0 176.40 22,115 3,901,086.00
3.33 AAPL APPLE INC 2046251 189.99 20,142 3,826,778.58
3.23 CMG CHIPOTLE MEXICAN B0X7DZ3 3,153.84 1,178 3,715,223.52
3.20 BKNG BOOKING HOLDINGS INC BDRXDB4 3,790.12 970 3,676,416.40
3.17 NFLX NETFLIX INC 2857817 649.00 5,609 3,640,241.00
3.14 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 310.29 11,614 3,603,708.06
3.07 NKE NIKE INC -CL B 2640147 92.00 38,322 3,525,624.00
2.99 SE SEA LTD-ADR BYWD7L4 69.63 49,316 3,433,873.08
2.96 FI FISERV INC 2342034 148.42 22,957 3,407,277.94
2.96 AMZN AMAZON.COM INC 2000019 182.15 18,650 3,397,097.50
2.93 INTU INTUIT INC 2459020 600.02 5,619 3,371,512.38
2.90 HD HOME DEPOT INC 2434209 328.70 10,151 3,336,633.70
2.90 PYPL PAYPAL HOLDINGS INC BYW36M8 62.17 53,580 3,331,068.60
2.81 META META PLATFORMS INC B7TL820 479.92 6,740 3,234,660.80
2.81 LOW LOWE'S COS INC 2536763 215.37 14,976 3,225,381.12
2.77 SBUX STARBUCKS CORP 2842255 77.48 41,043 3,180,011.64
2.73 ABNB AIRBNB INC-CLASS A BMGYYH4 147.01 21,313 3,133,224.13
2.68 DIS WALT DISNEY CO/THE 2270726 102.44 30,094 3,082,829.36
2.59 LULU LULULEMON ATHLETICA INC B23FN39 295.25 10,076 2,974,939.00
2.56 UBER UBER TECHNOLOGIES INC BK6N347 63.52 46,278 2,939,578.56
2.53 SQ BLOCK INC BYNZGK1 66.08 44,033 2,909,700.64
2.45 DASH DOORDASH INC - A BN13P03 112.44 25,013 2,812,461.72
2.26 EBAY EBAY INC 2293819 52.90 49,003 2,592,258.70
2.25 AVB AVALONBAY COMMUNITIES INC 2131179 192.25 13,437 2,583,263.25
2.03 EQR EQUITY RESIDENTIAL 2319157 64.64 36,024 2,328,591.36
1.77 SNAP SNAP INC - A BD8DJ71 15.32 132,485 2,029,670.20
1.72 INVH INVITATION HOMES INC BD81GW9 34.07 58,076 1,978,649.32
1.19 EXPE EXPEDIA GROUP INC B748CK2 110.11 12,405 1,365,914.55
1.04 UDR UDR INC 2727910 38.21 31,219 1,192,877.99
1.00 CVNA CARVANA CO BYQHPG3 104.59 10,944 1,144,632.96
0.94 DKS DICK'S SPORTING GOODS INC 2969637 195.00 5,550 1,082,250.00
0.90 KMX CARMAX INC 2983563 69.15 14,972 1,035,313.80
0.90 CPT CAMDEN PROPERTY TRUST 2166320 101.51 10,141 1,029,412.91
0.77 SKX SKECHERS USA INC-CL A 2428042 70.46 12,608 888,359.68
0.71 CART MAPLEBEAR INC BN4L6W3 32.22 25,257 813,780.54
0.66 SFM SPROUTS FARMERS BCGCR79 78.94 9,584 756,560.96
0.64 MTCH MATCH GROUP INC BK80XH9 29.35 25,029 734,601.15
0.59 ETSY ETSY INC BWTN5N1 61.07 11,169 682,090.83
0.58 AN AUTONATION INC 2732635 169.75 3,946 669,833.50
0.55 SOFI SOFI TECHNOLOGIES INC BM8J4C2 6.89 92,496 637,297.44
0.51 LYFT LYFT INC-A BJT1RW7 15.68 37,040 580,787.20
0.46 W WAYFAIR INC- CLASS A BQXZP64 59.58 8,904 530,500.32
0.44 PLNT PLANET FITNESS INC - CL A BYSFJV8 61.53 8,238 506,884.14
0.41 PRDO PERDOCEO EDUCATION CORP BKRQQR9 23.62 20,087 474,454.94
0.40 COLM COLUMBIA SPORTSWEAR CO 2229126 82.98 5,555 460,953.90
0.40 HIMS HIMS & HERS HEALTH INC BN46048 19.10 24,067 459,679.70
0.40 VFC VF CORP 2928683 12.35 36,763 454,023.05
0.37 SLM SLM CORP 2101967 20.51 20,832 427,264.32
0.36 LRN STRIDE INC BLD5321 70.75 5,857 414,382.75
0.35 CARS CARS.COM INC BYXHTC0 19.33 20,909 404,170.97
0.34 STRA STRATEGIC EDUCATION INC BGGJFV8 113.12 3,497 395,580.64
0.34 NNI NELNET INC-CL A 2196190 105.24 3,729 392,439.96
0.34 LC LENDINGCLUB CORP BK95GR4 9.01 43,227 389,475.27
0.34 VSCO VICTORIA'S SECRET & CO BNNTGH3 20.80 18,611 387,108.80
0.34 DBI DESIGNER BRAND-A BJ9J282 9.54 40,529 386,646.66
0.33 LAUR LAUREATE EDUCATION INC BYMYT66 15.96 23,973 382,609.08
0.33 CSR CENTERSPACE BN47P80 66.98 5,645 378,102.10
0.33 LTH LIFE TIME GROUP BPH0546 15.64 24,156 377,799.84
0.33 CPRI CAPRI HOLDINGS LTD BJ1N1M9 34.25 10,981 376,099.25
0.32 CAR AVIS BUDGET GROUP INC B1CL8J2 111.24 3,337 371,207.88
0.32 VMEO VIMEO INC BNDYF15 3.83 95,059 364,075.97
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.84 52,980 362,383.20
0.31 CARG CARGURUS INC BF5D6S8 23.47 15,366 360,640.02
0.31 PWSC POWERSCHOOL HLDG BMGTPK9 21.22 16,965 359,997.30
0.31 GHC GRAHAM HOLDING-B BGM1B98 741.13 476 352,777.88
0.31 ANGI ANGI INC BF4VWH4 2.15 163,537 351,604.55
0.30 IRT INDEPENDENCE REA BCRYTK1 16.11 21,615 348,217.65
0.28 YELP YELP INC B7KCD72 36.31 8,769 318,402.39
0.27 ZIP ZIPRECRUITER INC-A BMGH6N3 10.15 31,004 314,690.60
0.27 CRI CARTER'S INC 2980939 65.93 4,716 310,925.88
0.27 ACCD ACCOLADE INC BMB3JJ3 7.65 40,540 310,131.00
0.27 ZG ZILLOW GROUP INC - A BVYJBR3 39.16 7,918 310,068.88
0.25 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 2.99 94,452 282,411.48
0.20 TRIP TRIPADVISOR INC B6ZC3N6 17.92 13,018 233,282.56
0.20 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 9.50 23,635 224,532.50
0.18 COUR COURSERA INC BNSNZL7 7.85 26,730 209,830.50
0.15 CHGG CHEGG INC BG6N6K6 3.63 47,202 171,343.26
0.11 CASH 1.00 125,676 125,676.18
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -13,831 -13,830.61
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Consumer Discretionary 44.6
Communication Services 21.3
Information Technology 9.2
Real Estate 8.8
Financials 8.5
Consumer Staples 3.6
Industrials 3.5
Health Care 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 22.6
Other Consumer Services 11.0
Real Estate Investment Trusts 9.1
Packaged Software 7.0
Restaurants 6.9
Specialty Stores 6.7
Home Improvement Chains 6.4
Apparel/Footwear 5.3
Apparel/Footwear Retail 4.7
Data Processing Services 3.6
Internet Retail 3.5
Other 13.2

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 05/28/24

Return on Equity 18.10%
Weighted Avg. Market Cap 323,910 M
2023 2024
Price-to-earnings 29.27 24.66
Price-to-book value 4.81 4.16

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/24

Versus Beta
S&P 500 1.27
NASDAQ-100 0.99
MSCI EAFE 1.22
MSCI Emg. Mkts 0.97
Standard Deviation 24.60%

Source: new windowAltaVista Research, LLC

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.