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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 04/23/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $117.57 million
NAV $37.68
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 04/23/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,120,000
Number of Holdings 78
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 04/23/24

30-Day SEC Yield 0.28%
Distribution Frequency Semi-Annually

ETF Prices As of 04/23/24

NAV $37.68 Daily Change $0.76 2.06%
Market Price $37.71 Daily Change $0.75 2.03%

Performance History

As of recent month & quarter-end (03/31/24)
As of recent month & quarter-end (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 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%
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 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%

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 04/23/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.19 LULU LULULEMON ATHLETICA INC B23FN39 364.68 10,274 3,746,722.32
3.13 SBUX STARBUCKS CORP 2842255 87.87 41,853 3,677,623.11
3.13 NKE NIKE INC -CL B 2640147 94.02 39,078 3,674,113.56
3.09 FI FISERV INC 2342034 155.39 23,407 3,637,213.73
3.07 INTU INTUIT INC 2459020 630.88 5,727 3,613,049.76
3.06 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 303.31 11,842 3,591,797.02
3.04 GOOGL ALPHABET INC-CL A BYVY8G0 158.26 22,553 3,569,237.78
3.03 LOW LOWE'S COS INC 2536763 233.56 15,270 3,566,461.20
3.02 COST COSTCO WHOLESALE CORP 2701271 722.68 4,909 3,547,636.12
2.99 PYPL PAYPAL HOLDINGS INC BYW36M8 64.43 54,636 3,520,197.48
2.98 HD HOME DEPOT INC 2434209 339.00 10,349 3,508,311.00
2.98 CMG CHIPOTLE MEXICAN B0X7DZ3 2,915.00 1,202 3,503,830.00
2.98 ABNB AIRBNB INC-CLASS A BMGYYH4 160.95 21,733 3,497,926.35
2.97 BKNG BOOKING HOLDINGS INC BDRXDB4 3,533.99 988 3,491,582.12
2.97 DIS WALT DISNEY CO/THE 2270726 113.71 30,688 3,489,532.48
2.92 AAPL APPLE INC 2046251 166.90 20,538 3,427,792.20
2.90 AMZN AMAZON.COM INC 2000019 179.54 19,016 3,414,132.64
2.90 META META PLATFORMS INC B7TL820 496.10 6,872 3,409,199.20
2.87 SQ BLOCK INC BYNZGK1 75.21 44,903 3,377,154.63
2.84 UBER UBER TECHNOLOGIES INC BK6N347 70.80 47,190 3,341,052.00
2.81 NFLX NETFLIX INC 2857817 577.75 5,717 3,302,996.75
2.81 DASH DOORDASH INC - A BN13P03 129.36 25,505 3,299,326.80
2.65 SE SEA LTD-ADR BYWD7L4 62.01 50,288 3,118,358.88
2.20 AVB AVALONBAY COMMUNITIES INC 2131179 188.66 13,701 2,584,830.66
2.18 EBAY EBAY INC 2293819 51.25 49,969 2,560,911.25
1.97 EQR EQUITY RESIDENTIAL 2319157 63.09 36,732 2,317,421.88
1.72 INVH INVITATION HOMES INC BD81GW9 34.13 59,216 2,021,042.08
1.45 EXPE EXPEDIA GROUP INC B748CK2 135.02 12,651 1,708,138.02
1.31 SNAP SNAP INC - A BD8DJ71 11.39 135,089 1,538,663.71
1.01 UDR UDR INC 2727910 37.27 31,831 1,186,341.37
0.99 DKS DICK'S SPORTING GOODS INC 2969637 206.09 5,658 1,166,057.22
0.91 KMX CARMAX INC 2983563 69.69 15,266 1,063,887.54
0.87 CPT CAMDEN PROPERTY TRUST 2166320 98.60 10,339 1,019,425.40
0.73 CART MAPLEBEAR INC BN4L6W3 33.42 25,755 860,732.10
0.72 CVNA CARVANA CO BYQHPG3 75.62 11,160 843,919.20
0.69 MTCH MATCH GROUP INC BK80XH9 31.69 25,527 808,950.63
0.66 ETSY ETSY INC BWTN5N1 68.35 11,391 778,574.85
0.65 SKX SKECHERS USA INC-CL A 2428042 59.64 12,854 766,612.56
0.61 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.58 94,314 714,900.12
0.54 SFM SPROUTS FARMERS BCGCR79 65.49 9,770 639,837.30
0.54 LYFT LYFT INC-A BJT1RW7 16.92 37,772 639,102.24
0.54 AN AUTONATION INC 2732635 158.27 4,024 636,878.48
0.45 W WAYFAIR INC- CLASS A BQXZP64 57.75 9,078 524,254.50
0.43 PLNT PLANET FITNESS INC - CL A BYSFJV8 60.44 8,400 507,696.00
0.41 VFC VF CORP 2928683 12.95 37,489 485,482.55
0.40 SLM SLM CORP 2101967 21.93 21,240 465,793.20
0.38 COLM COLUMBIA SPORTSWEAR CO 2229126 78.99 5,669 447,794.31
0.35 CPRI CAPRI HOLDINGS LTD BJ1N1M9 36.51 11,197 408,802.47
0.34 DBI DESIGNER BRAND-A BJ9J282 9.69 41,327 400,458.63
0.33 ACCD ACCOLADE INC BMB3JJ3 9.35 41,338 386,510.30
0.32 CSR CENTERSPACE BN47P80 64.83 5,759 373,355.97
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.85 54,024 370,064.40
0.31 CARG CARGURUS INC BF5D6S8 23.47 15,672 367,821.84
0.31 PRDO PERDOCEO EDUCATION CORP BKRQQR9 17.84 20,483 365,416.72
0.31 LC LENDINGCLUB CORP BK95GR4 8.20 44,067 361,349.40
0.31 LTH LIFE TIME GROUP BPH0546 14.65 24,630 360,829.50
0.31 NNI NELNET INC-CL A 2196190 94.88 3,801 360,638.88
0.31 YELP YELP INC B7KCD72 40.15 8,943 359,061.45
0.30 CARS CARS.COM INC BYXHTC0 16.70 21,323 356,094.10
0.30 CRI CARTER'S INC 2980939 73.86 4,812 355,414.32
0.30 STRA STRATEGIC EDUCATION INC BGGJFV8 99.35 3,569 354,580.15
0.30 GHC GRAHAM HOLDING-B BGM1B98 718.90 488 350,823.20
0.30 CAR AVIS BUDGET GROUP INC B1CL8J2 102.62 3,403 349,215.86
0.30 ZG ZILLOW GROUP INC - A BVYJBR3 43.18 8,074 348,635.32
0.30 ANGI ANGI INC BF4VWH4 2.09 166,765 348,538.85
0.30 LAUR LAUREATE EDUCATION INC BYMYT66 14.25 24,447 348,369.75
0.30 LRN STRIDE INC BLD5321 58.20 5,971 347,512.20
0.30 TRIP TRIPADVISOR INC B6ZC3N6 26.12 13,276 346,769.12
0.29 IRT INDEPENDENCE REA BCRYTK1 15.67 22,041 345,382.47
0.29 VMEO VIMEO INC BNDYF15 3.51 96,937 340,248.87
0.28 VSCO VICTORIA'S SECRET & CO BNNTGH3 17.57 18,977 333,425.89
0.28 COUR COURSERA INC BNSNZL7 12.12 27,258 330,366.96
0.28 ZIP ZIPRECRUITER INC-A BMGH6N3 10.42 31,616 329,438.72
0.28 CHGG CHEGG INC BG6N6K6 6.83 48,132 328,741.56
0.26 PWSC POWERSCHOOL HLDG BMGTPK9 17.68 17,301 305,881.68
0.26 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 12.59 24,103 303,456.77
0.26 HIMS HIMS & HERS HEALTH INC BN46048 12.33 24,541 302,590.53
0.26 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 3.13 96,318 301,475.34
0.11 CASH 1.00 129,250 129,249.67
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -8,648 -8,648.19
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/24

Sector Weight (%)
Consumer Discretionary 41.3
Communication Services 25.0
Information Technology 9.1
Real Estate 7.0
Industrials 6.7
Financials 6.3
Consumer Staples 4.0
Health Care 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 22.1
Other Consumer Services 12.1
Packaged Software 10.1
Specialty Stores 8.0
Real Estate Investment Trusts 6.8
Restaurants 6.1
Home Improvement Chains 6.0
Data Processing Services 5.8
Internet Retail 4.7
Apparel/Footwear Retail 3.7
Information Technology Services 3.2
Other 11.4

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 04/23/24

Return on Equity 18.40%
Weighted Avg. Market Cap 388,971 M
2023 2024
Price-to-earnings 37.70 25.83
Price-to-book value 5.14 4.41

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/24

Versus Beta
S&P 500 1.28
NASDAQ-100 0.99
MSCI EAFE 1.23
MSCI Emg. Mkts 0.97
Standard Deviation 24.60%

Source: new windowAltaVista Research, LLC

ETF Documents

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.