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 02/02/23

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $111.93 million
NAV $31.44
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 02/02/23

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,560,000
Number of Holdings 81
30-Day Median Bid-Ask Spread 0.14%

Distributions As of 02/02/23

30-Day SEC Yield 0.38%
Distribution Frequency Semi-Annually

ETF Prices As of 02/02/23

NAV $31.44 Daily Change $1.00 3.29%
Market Price $31.40 Daily Change $0.97 3.19%

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 -21.22% -21.64% -20.88%
3 Years 4.71% 4.72% 5.24%
5 Years 8.28% 8.23% 8.82%
Since Inception 11.28% 11.21% 11.80%
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 14.54% 14.60% 14.60%
1 Month 14.54% 14.60% 14.60%
3 Months 12.28% 12.04% 12.46%
Since Inception 105.65% 104.83% 112.27%

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 02/02/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.67 SBUX STARBUCKS CORP 2842255 109.15 47,922 5,230,686.30
4.07 HD HOME DEPOT INC 2434209 339.79 13,402 4,553,865.58
3.94 BKNG BOOKING HOLDINGS INC BDRXDB4 2,454.69 1,797 4,411,077.93
3.94 LOW LOWE'S COS INC 2536763 221.56 19,907 4,410,594.92
3.74 FISV FISERV INC 2342034 107.60 38,902 4,185,855.20
3.59 NKE NIKE INC -CL B 2640147 129.06 31,114 4,015,572.84
3.56 NFLX NETFLIX INC 2857817 366.89 10,856 3,982,957.84
3.54 UBER UBER TECHNOLOGIES INC BK6N347 33.05 119,812 3,959,786.60
3.44 ATVI ACTIVISION BLIZZARD INC 2575818 77.11 49,859 3,844,627.49
3.30 INTU INTUIT INC 2459020 452.16 8,166 3,692,338.56
3.19 COST COSTCO WHOLESALE CORP 2701271 523.43 6,829 3,574,503.47
3.13 AAPL APPLE INC 2046251 150.82 23,240 3,505,056.80
3.05 DIS WALT DISNEY CO/THE 2270726 113.21 30,194 3,418,262.74
3.03 META META PLATFORMS INC B7TL820 188.77 17,934 3,385,401.18
2.82 GOOGL ALPHABET INC-CL A BYVY8G0 107.74 29,324 3,159,367.76
2.80 CMG CHIPOTLE MEXICAN B0X7DZ3 1,689.67 1,853 3,130,958.51
2.77 PYPL PAYPAL HOLDINGS INC BYW36M8 86.96 35,586 3,094,558.56
2.58 ABNB AIRBNB INC-CLASS A BMGYYH4 118.52 24,318 2,882,169.36
2.54 AMZN AMAZON.COM INC 2000019 112.91 25,212 2,846,686.92
2.46 SQ BLOCK INC BYNZGK1 88.41 31,093 2,748,932.13
2.34 LULU LULULEMON ATHLETICA INC B23FN39 322.76 8,130 2,624,038.80
2.15 SE SEA LTD-ADR BYWD7L4 72.51 33,150 2,403,706.50
1.80 EBAY EBAY INC 2293819 51.66 38,948 2,012,053.68
1.53 AVB AVALONBAY COMMUNITIES INC 2131179 184.50 9,264 1,709,208.00
1.48 EQR EQUITY RESIDENTIAL 2319157 66.35 24,914 1,653,043.90
1.40 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 122.57 12,766 1,564,728.62
1.22 INVH INVITATION HOMES INC BD81GW9 33.91 40,275 1,365,725.25
1.12 SNAP SNAP INC - A BD8DJ71 11.40 109,774 1,251,423.60
1.11 ETSY ETSY INC BWTN5N1 148.20 8,413 1,246,806.60
1.08 EXPE EXPEDIA GROUP INC B748CK2 121.45 9,957 1,209,277.65
0.89 MTCH MATCH GROUP INC BK80XH9 52.57 18,902 993,678.14
0.86 UDR UDR INC 2727910 44.41 21,556 957,301.96
0.79 CPT CAMDEN PROPERTY TRUST 2166320 126.31 6,989 882,780.59
0.76 KMX CARMAX INC 2983563 79.32 10,718 850,151.76
0.72 VFC VF CORP 2928683 31.14 25,784 802,913.76
0.71 CAR AVIS BUDGET GROUP INC B1CL8J2 222.85 3,563 794,014.55
0.60 CPRI CAPRI HOLDINGS LTD BJ1N1M9 68.03 9,792 666,149.76
0.55 AVTA AVANTAX INC B8L2DV2 28.90 21,266 614,587.40
0.51 AN AUTONATION INC 2732635 137.88 4,104 565,859.52
0.50 STRA STRATEGIC EDUCATION INC BGGJFV8 96.07 5,844 561,433.08
0.50 DKS DICK'S SPORTING GOODS INC 2969637 134.09 4,139 554,998.51
0.47 CARS CARS.COM INC BYXHTC0 17.30 30,211 522,650.30
0.46 SKX SKECHERS USA INC-CL A 2428042 49.18 10,366 509,799.88
0.43 LRN STRIDE INC BLD5321 42.55 11,208 476,900.40
0.42 PLNT PLANET FITNESS INC - CL A BYSFJV8 83.47 5,586 466,263.42
0.40 NNI NELNET INC-CL A 2196190 96.15 4,704 452,289.60
0.39 GHC GRAHAM HOLDING-B BGM1B98 670.71 658 441,327.18
0.39 COLM COLUMBIA SPORTSWEAR CO 2229126 96.11 4,544 436,723.84
0.35 SFM SPROUTS FARMERS BCGCR79 32.63 12,109 395,116.67
0.35 LAUR LAUREATE EDUCATION INC BYMYT66 11.18 35,239 393,972.02
0.35 CRI CARTER'S INC 2980939 85.24 4,620 393,808.80
0.35 VSCO VICTORIA'S SECRET & CO BNNTGH3 46.19 8,501 392,661.19
0.35 YELP YELP INC B7KCD72 33.11 11,845 392,187.95
0.35 LYFT LYFT INC-A BJT1RW7 17.55 22,125 388,293.75
0.34 TRIP TRIPADVISOR INC B6ZC3N6 24.61 15,376 378,403.36
0.34 ZG ZILLOW GROUP INC - A BVYJBR3 46.14 8,118 374,564.52
0.33 PLCE CHILDREN'S PLACE INC/THE 2106791 46.86 7,898 370,100.28
0.33 W WAYFAIR INC- CLASS A BQXZP64 72.73 5,028 365,686.44
0.30 SLM SLM CORP 2101967 14.80 22,999 340,385.20
0.30 TRVG TRIVAGO NV - ADR BYMD190 1.98 170,969 338,518.62
0.29 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 16.98 19,073 323,859.54
0.29 DBI DESIGNER BRAND-A BJ9J282 11.15 28,996 323,305.40
0.28 AAN AARON'S CO INC/THE BLFGN99 15.71 20,146 316,493.66
0.28 GPRO GOPRO INC-CLASS A BMNQC35 6.46 48,343 312,295.78
0.28 TWOU 2U INC BKWBZZ0 9.88 31,325 309,491.00
0.27 UAA UNDER ARMOUR INC-CLASS A B0PZN11 12.78 23,514 300,508.92
0.26 IRT INDEPENDENCE REA BCRYTK1 19.47 14,894 289,986.18
0.25 LC LENDINGCLUB CORP BK95GR4 10.45 26,680 278,806.00
0.24 CSR CENTERSPACE BN47P80 71.07 3,813 270,989.91
0.24 MED MEDIFAST INC 2934033 116.31 2,299 267,396.69
0.20 CHGG CHEGG INC BG6N6K6 20.89 10,893 227,554.77
0.18 ANGI ANGI INC BF4VWH4 2.89 69,427 200,644.03
0.17 WW WW INTERNATIONAL INC BK71LY6 5.22 36,061 188,238.42
0.16 GRPN GROUPON INC BMTD360 9.35 19,186 179,389.10
0.16 IHRT IHEARTMEDIA INC - CLASS A BJVR9Y9 8.70 20,015 174,130.50
0.15 CARG CARGURUS INC BF5D6S8 18.09 9,131 165,179.79
0.15 VMEO VIMEO INC BNDYF15 4.97 33,210 165,053.70
0.13 TREE LENDINGTREE INC BV8TD84 44.90 3,314 148,798.60
0.13 BODY BEACHBODY CO INC/THE BL98755 0.69 206,343 142,624.28
0.07 CVNA CARVANA CO BYQHPG3 14.25 5,698 81,196.50
0.05 BBBY BED BATH & BEYOND INC 2085878 3.33 17,512 58,314.96
0.05 CASH 1.00 54,875 54,875.35
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 12/31/22

Sector Weight (%)
Consumer Discretionary 45.2
Communication Services 22.0
Information Technology 16.0
Real Estate 7.0
Industrials 4.1
Consumer Staples 4.1
Financials 1.8

Source: AltaVista Research, LLC

ETF Characteristics As of 02/02/23

Return on Equity 18.40%
Weighted Avg. Market Cap 231,657 M
2022 2023
Price-to-earnings 40.54 25.88
Price-to-book value 5.14 4.43

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/23

Versus Beta
S&P 500 1.25
MSCI EAFE 1.18
MSCI Emg. Mkts 1.01
Standard Deviation 29.10%

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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