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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 07/26/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $112.80 million
NAV $37.60
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 07/25/24

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

Distributions As of 07/26/24

30-Day SEC Yield 0.40%
Distribution Frequency Semi-Annually

ETF Prices As of 07/26/24

NAV $37.60 Daily Change $0.40 1.08%
Market Price $37.63 Daily Change $0.45 1.21%

Performance History

As of recent month & quarter-end (06/30/24)
As of recent month & quarter-end (06/30/24)
Fund NAV Market Price Index
1 Year 21.12% 21.24% 21.70%
3 Years -3.57% -3.61% -3.13%
5 Years 9.51% 9.49% 10.05%
Since Inception 12.71% 12.66% 13.24%
1 Year 21.12% 21.24% 21.70%
3 Years -3.57% -3.61% -3.13%
5 Years 9.51% 9.49% 10.05%
Since Inception 12.71% 12.66% 13.24%
Year-to-Date 8.59% 8.62% 8.85%
1 Month 2.14% 2.16% 2.18%
3 Months -1.52% -1.52% -1.39%
Since Inception 165.52% 164.57% 175.85%
Year-to-Date 8.59% 8.62% 8.85%
1 Month 2.14% 2.16% 2.18%
3 Months -1.52% -1.52% -1.39%
Since Inception 165.52% 164.57% 175.85%

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 07/26/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.82 AAPL APPLE INC 2046251 217.96 19,769 4,308,851.24
3.42 COST COSTCO WHOLESALE CORP 2701271 817.60 4,724 3,862,342.40
3.25 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 321.88 11,399 3,669,110.12
3.21 GOOGL ALPHABET INC-CL A BYVY8G0 167.00 21,705 3,624,735.00
3.20 FI FISERV INC 2342034 159.94 22,531 3,603,608.14
3.18 HD HOME DEPOT INC 2434209 359.51 9,963 3,581,798.13
3.12 BKNG BOOKING HOLDINGS INC BDRXDB4 3,700.99 952 3,523,342.48
3.11 LOW LOWE'S COS INC 2536763 238.87 14,698 3,510,911.26
3.09 INTU INTUIT INC 2459020 633.36 5,511 3,490,446.96
3.08 NFLX NETFLIX INC 2857817 631.37 5,505 3,475,691.85
2.96 AMZN AMAZON.COM INC 2000019 182.50 18,305 3,340,662.50
2.80 SE SEA LTD-ADR BYWD7L4 65.34 48,407 3,162,913.38
2.73 META META PLATFORMS INC B7TL820 465.70 6,615 3,080,605.50
2.72 PYPL PAYPAL HOLDINGS INC BYW36M8 58.29 52,588 3,065,354.52
2.64 SBUX STARBUCKS CORP 2842255 74.05 40,282 2,982,882.10
2.60 ABNB AIRBNB INC-CLASS A BMGYYH4 140.10 20,918 2,930,611.80
2.59 UBER UBER TECHNOLOGIES INC BK6N347 64.40 45,423 2,925,241.20
2.55 CMG CHIPOTLE MEXICAN B0X7DZ3 49.83 57,800 2,880,174.00
2.42 NKE NIKE INC -CL B 2640147 72.56 37,611 2,729,054.16
2.42 AVB AVALONBAY COMMUNITIES INC 2131179 206.48 13,191 2,723,677.68
2.36 DIS WALT DISNEY CO/THE 2270726 89.93 29,537 2,656,262.41
2.31 EBAY EBAY INC 2293819 54.18 48,107 2,606,437.26
2.31 SQ BLOCK INC BYNZGK1 60.18 43,220 2,600,979.60
2.28 DASH DOORDASH INC - A BN13P03 104.74 24,551 2,571,471.74
2.22 LULU LULULEMON ATHLETICA INC B23FN39 253.50 9,889 2,506,861.50
2.22 EQR EQUITY RESIDENTIAL 2319157 70.77 35,316 2,499,313.32
1.72 INVH INVITATION HOMES INC BD81GW9 34.07 56,936 1,939,809.52
1.54 SNAP SNAP INC - A BD8DJ71 13.33 129,881 1,731,313.73
1.36 EXPE EXPEDIA GROUP INC B748CK2 125.87 12,159 1,530,453.33
1.27 CVNA CARVANA CO BYQHPG3 132.85 10,800 1,434,780.00
1.12 UDR UDR INC 2727910 41.27 30,607 1,263,150.89
1.08 KMX CARMAX INC 2983563 83.02 14,678 1,218,567.56
1.01 DKS DICK'S SPORTING GOODS INC 2969637 208.93 5,470 1,142,847.10
1.00 CPT CAMDEN PROPERTY TRUST 2166320 113.01 9,943 1,123,658.43
0.75 CART MAPLEBEAR INC BN4L6W3 34.32 24,759 849,728.88
0.73 MTCH MATCH GROUP INC BK80XH9 33.25 24,892 827,659.00
0.72 SFM SPROUTS FARMERS BCGCR79 86.70 9,398 814,806.60
0.71 SKX SKECHERS USA INC-CL A 2428042 64.72 12,362 800,068.64
0.61 AN AUTONATION INC 2732635 178.12 3,868 688,968.16
0.61 ETSY ETSY INC BWTN5N1 62.27 11,004 685,219.08
0.60 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.41 90,678 671,923.98
0.54 PLNT PLANET FITNESS INC - CL A BYSFJV8 74.99 8,076 605,619.24
0.52 VFC VF CORP 2928683 16.39 36,037 590,646.43
0.46 HIMS HIMS & HERS HEALTH INC BN46048 21.77 23,702 515,992.54
0.43 LTH LIFE TIME GROUP BPH0546 20.64 23,682 488,796.48
0.43 PRDO PERDOCEO EDUCATION CORP BKRQQR9 24.79 19,691 488,139.89
0.41 W WAYFAIR INC- CLASS A BQXZP64 53.02 8,794 466,257.88
0.41 SLM SLM CORP 2101967 22.73 20,424 464,237.52
0.41 LC LENDINGCLUB CORP BK95GR4 10.85 42,387 459,898.95
0.39 LYFT LYFT INC-A BJT1RW7 12.23 36,308 444,046.84
0.38 COLM COLUMBIA SPORTSWEAR CO 2229126 76.38 5,551 423,985.38
0.37 LRN STRIDE INC BLD5321 73.36 5,743 421,306.48
0.37 STRA STRATEGIC EDUCATION INC BGGJFV8 120.43 3,425 412,472.75
0.37 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 17.80 23,167 412,372.60
0.37 NNI NELNET INC-CL A 2196190 112.69 3,657 412,107.33
0.36 CARS CARS.COM INC BYXHTC0 19.84 20,495 406,620.80
0.36 IRT INDEPENDENCE REA BCRYTK1 18.88 21,189 400,048.32
0.35 CSR CENTERSPACE BN47P80 70.38 5,649 397,576.62
0.34 GHC GRAHAM HOLDING-B BGM1B98 818.68 469 383,960.92
0.34 CARG CARGURUS INC BF5D6S8 25.25 15,060 380,265.00
0.33 PWSC POWERSCHOOL HLDG BMGTPK9 22.57 16,629 375,316.53
0.33 ZG ZILLOW GROUP INC - A BVYJBR3 48.08 7,762 373,196.96
0.32 CPRI CAPRI HOLDINGS LTD BJ1N1M9 33.75 10,765 363,318.75
0.32 VMEO VIMEO INC BNDYF15 3.87 93,181 360,610.47
0.32 ANGI ANGI INC BF4VWH4 2.24 160,309 359,092.16
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.89 51,936 357,839.04
0.30 CAR AVIS BUDGET GROUP INC B1CL8J2 104.74 3,271 342,604.54
0.30 LAUR LAUREATE EDUCATION INC BYMYT66 14.48 23,499 340,265.52
0.30 VSCO VICTORIA'S SECRET & CO BNNTGH3 18.59 18,245 339,174.55
0.30 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 3.60 92,586 333,309.60
0.28 YELP YELP INC B7KCD72 36.42 8,595 313,029.90
0.28 DBI DESIGNER BRAND-A BJ9J282 7.84 39,731 311,491.04
0.25 COUR COURSERA INC BNSNZL7 10.72 26,202 280,885.44
0.25 ZIP ZIPRECRUITER INC-A BMGH6N3 9.13 30,392 277,478.96
0.24 CRI CARTER'S INC 2980939 57.26 4,620 264,541.20
0.20 TRIP TRIPADVISOR INC B6ZC3N6 17.90 12,760 228,404.00
0.14 CHGG CHEGG INC BG6N6K6 3.51 46,272 162,414.72
0.14 ACCD ACCOLADE INC BMB3JJ3 4.08 39,742 162,147.36
0.05 CASH 1.00 51,209 51,209.00
0.00 OTHER PAYABLE & RECEIVABLES 1.00 -4,835 -4,835.20
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 06/30/24

Sector Weight (%)
Consumer Discretionary 42.6
Communication Services 22.6
Financials 10.2
Real Estate 9.2
Information Technology 7.1
Consumer Staples 4.2
Industrials 3.6
Health Care 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Retail 22.8
Media 22.0
Hotels, Restaurants & Leisure 18.7
Financial Services 10.6
Textiles, Apparel & Luxury Goods 8.3
Technology 7.9
Road & Rail 4.0
Real Estate 3.1
Diversified Consumer Services 1.9
Health Care 0.6
Leisure Products 0.3

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 07/25/24

Return on Equity 17.50%
Weighted Avg. Market Cap 398,361 M
2023 2024
Price-to-earnings 29.11 25.09
Price-to-book value 4.73 4.11

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 06/30/24

Versus Beta
S&P 500 1.25
NASDAQ-100 0.97
MSCI EAFE 1.20
MSCI Emg. Mkts 0.96
Standard Deviation 24.40%

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.