MILN


Millennials Thematic ETF

Fund Summary

The Global X Millennials Thematic 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.

Morningstar Rating Overall rating out of 1,197 Large Growth funds, based on risk-adjusted returns as of 12/31/2020

Fund Objective

The Global X Millennials Thematic 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.

Why MILN?

High Growth Potential

MILN enables investors to access high growth potential through companies at the leading edge of a long-term, structural demographic trend affecting multiple sectors of the economy.

Unconstrained Approach

MILN's composition transcends classic sector and industry classifications by tracking an emerging theme.

ETF Efficiency

In a single trade, MILN delivers access to dozens of companies with high exposure to the Millennial theme.

Fund Details As of 01/21/21

Key Facts

Ticker MILN
Inception Date 05/04/16
CUSIP 37954Y764
ISIN US37954Y7647
Bloomberg Index Ticker IMILN
Primary Exchange Nasdaq
Number of Holdings 81

Stats & Fees

Net Assets $142,169,198
Net Asset Value (NAV) $38.95
Shares Outstanding 3,650,000
Total Expense Ratio 0.50%

Distributions

30-Day SEC Yield 0.09%
Distribution Frequency Semi-Annually

Fund Prices As of 01/21/21

NAV $38.95 Daily Change $0.09 0.22%
Market Price $39.00 Daily Change $0.10 0.26%
30-Day Median Bid-Ask Spread 0.24%

Performance History

Cumulative %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
Year-to-Date 44.92% 44.94% 45.76%
1 Month 6.29% 6.50% 6.32%
3 Months 20.14% 20.20% 20.31%
6 Months 35.83% 36.05% 36.23%
Since Inception 155.91% 155.19% 161.50%

Avg Annualized %

Data as of month-end (12/31/20)

Fund NAV Market Price Index
1 Year 44.92% 44.94% 45.76%
3 Years 25.29% 25.25% 25.96%
Since Inception 22.36% 22.29% 22.89%

Avg Annualized %

Data as of quarter-end (12/31/20)

Fund NAV Market Price Index
1 Year 44.92% 44.94% 45.76%
3 Years 25.29% 25.25% 25.96%
Since Inception 22.36% 22.29% 22.89%

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.

Fund Characteristics As of 01/21/21

Return on Equity 5.70%
Weighted Avg. Market Cap 256,692 M
2019 2020
Price-to-earnings 63.30 175.61
Price-to-book value 10.01 9.97

Source: AltaVista Research, LLC

Fund Risk Stats As of 01/21/21

Versus Beta
S&P 500 1.20
MSCI EAFE 1.11
MSCI Emg. Mkts 0.88
Standard Deviation 23.90%

Source: AltaVista Research, LLC

Sector Breakdown As of 12/31/20

% of Net Assets
Consumer Discretionary 42.0
Communication Services 26.0
Information Technology 21.9
Real Estate 5.7
Industrials 2.8
Financials 1.5
Consumer Staples 0.2

Source: AltaVista Research, LLC

Top 10 Holdings As of 01/22/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.53 SQ SQUARE INC - A BYNZGK1 222.88 29,169 6,501,186.72
3.93 PYPL PAYPAL HOLDINGS INC BYW36M8 252.00 22,414 5,648,328.00
3.60 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 338.96 15,266 5,174,563.36
3.57 SNAP SNAP INC - A BD8DJ71 53.57 95,726 5,128,041.82
3.43 AAPL APPLE INC 2046251 139.07 35,422 4,926,137.54
3.30 UBER UBER TECHNOLOGIES INC BK6N347 54.31 87,397 4,746,531.07
2.99 LOW LOWE'S COS INC 2536763 172.40 24,954 4,302,069.60
2.80 EBAY EBAY INC 2293819 56.46 71,337 4,027,687.02
2.80 DIS WALT DISNEY CO/THE 2270726 172.78 23,299 4,025,601.22
2.68 NKE NIKE INC -CL B 2640147 139.35 27,604 3,846,617.40
Holdings are subject to change.

© 2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales load. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three- year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

As of 12/31, MILN was rated against the following number of Large Growth funds over the following time periods: 1,197 during the last 3 years. With respect to these Large Growth funds, MILN received a Morningstar Rating of 4 stars. Past performance is not indicative of future results.

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.