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MILN

Millennial Consumer ETF

Overview Prices & Performance Holdings & Characteristics Research Documents

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 06/02/23

Inception Date	05/04/16
Total Expense Ratio	0.50%
Net Assets	$99.88 million
NAV	$30.36
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 06/01/23

Ticker	MILN
Bloomberg Index Ticker	IMILN
CUSIP	37954Y764
ISIN	US37954Y7647
Primary Exchange	Nasdaq
Shares Outstanding	3,290,000
Number of Holdings	82
30-Day Median Bid-Ask Spread	0.24%

Distributions As of 06/02/23

30-Day SEC Yield	0.39%
Distribution Frequency	Semi-Annually

ETF Prices As of 06/02/23

NAV	$30.36	Daily Change	$0.69	2.33%
Market Price	$30.39	Daily Change	$0.76	2.56%

As of recent (03/31/23) As of recent (03/31/23)	Fund NAV	Market Price	Index
1 Year	-17.73%	-17.92%	-17.42%
3 Years	14.46%	14.33%	15.03%
5 Years	8.72%	8.63%	9.25%
Since Inception	10.96%	10.85%	11.47%
1 Year	-0.41%	-0.24%	0.03%
3 Years	4.08%	4.09%	4.58%
5 Years	6.92%	6.88%	7.45%
Since Inception	10.40%	10.34%	10.91%
Year-to-Date	14.24%	13.98%	14.33%
1 Month	3.25%	2.91%	3.27%
3 Months	14.24%	13.98%	14.33%
Since Inception	105.10%	103.73%	111.76%
Year-to-Date	12.17%	12.26%	12.37%
1 Month	-2.95%	-3.01%	-2.89%
3 Months	1.38%	1.35%	1.50%
Since Inception	101.39%	100.65%	108.13%

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.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
3.72	UBER	UBER TECHNOLOGIES INC	BK6N347	39.73	93,529	3,715,907.17
3.64	META	META PLATFORMS INC	B7TL820	272.61	13,341	3,636,890.01
3.57	AMZN	AMAZON.COM INC	2000019	124.25	28,718	3,568,211.50
3.52	CMG	CHIPOTLE MEXICAN	B0X7DZ3	2,062.23	1,706	3,518,164.38
3.42	GOOGL	ALPHABET INC-CL A	BYVY8G0	124.67	27,372	3,412,467.24
3.41	NFLX	NETFLIX INC	2857817	400.47	8,492	3,400,791.24
3.22	AAPL	APPLE INC	2046251	180.95	17,761	3,213,852.95
3.07	LOW	LOWE'S COS INC	2536763	209.81	14,598	3,062,806.38
3.05	ABNB	AIRBNB INC-CLASS A	BMGYYH4	118.06	25,809	3,047,010.54
3.03	COST	COSTCO WHOLESALE CORP	2701271	512.59	5,906	3,027,356.54
2.98	HD	HOME DEPOT INC	2434209	295.94	10,062	2,977,748.28
2.95	LULU	LULULEMON ATHLETICA INC	B23FN39	365.44	8,067	2,948,004.48
2.93	BKNG	BOOKING HOLDINGS INC	BDRXDB4	2,625.65	1,115	2,927,599.75
2.90	FISV	FISERV INC	2342034	113.90	25,412	2,894,426.80
2.89	SQ	BLOCK INC	BYNZGK1	63.46	45,541	2,890,031.86
2.87	INTU	INTUIT INC	2459020	430.49	6,657	2,865,771.93
2.77	ATVI	ACTIVISION BLIZZARD INC	2575818	80.50	34,362	2,766,141.00
2.74	SBUX	STARBUCKS CORP	2842255	99.50	27,480	2,734,260.00
2.65	DIS	WALT DISNEY CO/THE	2270726	90.77	29,157	2,646,580.89
2.51	NKE	NIKE INC -CL B	2640147	107.78	23,255	2,506,423.90
2.49	PYPL	PAYPAL HOLDINGS INC	BYW36M8	63.96	38,938	2,490,474.48
2.47	SPOT	SPOTIFY TECHNOLOGY SA	BFZ1K46	151.74	16,271	2,468,961.54
2.14	AVB	AVALONBAY COMMUNITIES INC	2131179	181.20	11,779	2,134,354.80
2.08	SE	SEA LTD-ADR	BYWD7L4	59.39	35,013	2,079,422.07
2.01	EQR	EQUITY RESIDENTIAL	2319157	63.09	31,874	2,010,930.66
2.01	EBAY	EBAY INC	2293819	44.39	45,196	2,006,250.44
1.78	INVH	INVITATION HOMES INC	BD81GW9	34.49	51,464	1,774,993.36
1.29	EXPE	EXPEDIA GROUP INC	B748CK2	103.27	12,436	1,284,265.72
1.16	SNAP	SNAP INC - A	BD8DJ71	10.41	111,658	1,162,359.78
1.14	UDR	UDR INC	2727910	41.16	27,696	1,139,967.36
0.99	KMX	CARMAX INC	2983563	74.66	13,292	992,380.72
0.97	CPT	CAMDEN PROPERTY TRUST	2166320	107.62	8,976	965,997.12
0.92	MTCH	MATCH GROUP INC	BK80XH9	38.97	23,482	915,093.54
0.89	ETSY	ETSY INC	BWTN5N1	85.01	10,486	891,414.86
0.67	DKS	DICK'S SPORTING GOODS INC	2969637	128.41	5,215	669,658.15
0.59	VFC	VF CORP	2928683	18.12	32,668	591,944.16
0.59	SKX	SKECHERS USA INC-CL A	2428042	51.99	11,298	587,383.02
0.58	CAR	AVIS BUDGET GROUP INC	B1CL8J2	174.82	3,293	575,682.26
0.55	AN	AUTONATION INC	2732635	139.57	3,938	549,626.66
0.49	CVNA	CARVANA CO	BYQHPG3	15.68	31,175	488,824.00
0.45	PLNT	PLANET FITNESS INC - CL A	BYSFJV8	63.71	7,125	453,933.75
0.43	ANGI	ANGI INC	BF4VWH4	3.14	135,936	426,839.04
0.40	COLM	COLUMBIA SPORTSWEAR CO	2229126	75.84	5,218	395,733.12
0.38	CPRI	CAPRI HOLDINGS LTD	BJ1N1M9	36.10	10,555	381,035.50
0.36	W	WAYFAIR INC- CLASS A	BQXZP64	43.21	8,331	359,982.51
0.36	LC	LENDINGCLUB CORP	BK95GR4	8.83	40,497	357,588.51
0.35	SLM	SLM CORP	2101967	16.25	21,244	345,215.00
0.34	COUR	COURSERA INC	BNSNZL7	13.18	25,981	342,429.58
0.34	LTH	LIFE TIME GROUP	BPH0546	20.20	16,868	340,733.60
0.34	VMEO	VIMEO INC	BNDYF15	4.17	81,189	338,558.13
0.34	IRT	INDEPENDENCE REA	BCRYTK1	17.97	18,793	337,710.21
0.33	CSR	CENTERSPACE	BN47P80	61.94	5,303	328,467.82
0.33	AMWL	AMERICAN WELL -A	BN0SDK5	2.44	133,482	325,696.08
0.33	YELP	YELP INC	B7KCD72	34.14	9,509	324,637.26
0.32	LRN	STRIDE INC	BLD5321	41.89	7,577	317,400.53
0.32	CARG	CARGURUS INC	BF5D6S8	19.50	16,161	315,139.50
0.31	NNI	NELNET INC-CL A	2196190	97.01	3,224	312,760.24
0.31	LAUR	LAUREATE EDUCATION INC	BYMYT66	12.46	24,572	306,044.26
0.30	ZG	ZILLOW GROUP INC - A	BVYJBR3	45.76	6,506	297,714.56
0.30	LYFT	LYFT INC-A	BJT1RW7	9.58	30,948	296,481.84
0.29	GHC	GRAHAM HOLDING-B	BGM1B98	584.93	493	288,370.49
0.29	SFM	SPROUTS FARMERS	BCGCR79	33.06	8,631	285,340.86
0.28	PWSC	POWERSCHOOL HLDG	BMGTPK9	18.97	14,599	276,943.03
0.28	CARS	CARS.COM INC	BYXHTC0	18.70	14,690	274,703.00
0.27	ZIP	ZIPRECRUITER INC-A	BMGH6N3	16.16	16,879	272,764.64
0.27	PRDO	PERDOCEO EDUCATION CORP	BKRQQR9	12.46	21,462	267,416.52
0.26	GPRO	GOPRO INC-CLASS A	BMNQC35	4.29	61,279	262,886.91
0.26	HIMS	HIMS & HERS HEALTH INC	BN46048	9.00	29,111	261,999.00
0.26	TRIP	TRIPADVISOR INC	B6ZC3N6	16.24	15,870	257,728.80
0.26	ACCD	ACCOLADE INC	BMB3JJ3	13.07	19,695	257,413.65
0.25	CRI	CARTER'S INC	2980939	63.27	4,016	254,092.32
0.25	UAA	UNDER ARMOUR INC-CLASS A	B0PZN11	7.84	32,021	251,044.64
0.25	MED	MEDIFAST INC	2934033	83.59	2,974	248,596.66
0.24	STRA	STRATEGIC EDUCATION INC	BGGJFV8	78.43	3,096	242,819.28
0.24	PTON	PELOTON INTERACTIVE INC-A	BJ7WJS2	8.37	28,877	241,700.49
0.24	AVTA	AVANTAX INC	B8L2DV2	22.01	10,702	235,551.02
0.23	IHRT	IHEARTMEDIA INC - CLASS A	BJVR9Y9	3.12	74,811	233,410.32
0.23	TWOU	2U INC	BKWBZZ0	4.29	53,518	229,592.22
0.23	DBI	DESIGNER BRAND-A	BJ9J282	6.84	33,345	228,079.80
0.18	VSCO	VICTORIA'S SECRET & CO	BNNTGH3	20.14	8,952	180,293.28
0.16	CHGG	CHEGG INC	BG6N6K6	9.61	16,254	156,200.94
0.15	PLCE	CHILDREN'S PLACE INC/THE	2106791	15.78	9,343	147,432.54
0.08		CASH		1.00	78,321	78,321.31

Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 04/30/23

	Sector	Weight (%)
	Consumer Discretionary	42.7
	Communication Services	23.7
	Information Technology	15.2
	Real Estate	8.9
	Industrials	3.8
	Consumer Staples	3.6
	Financials	1.2
	Health Care	0.9

Source: AltaVista Research, LLC

ETF Characteristics As of 06/01/23

Return on Equity	15.10%
Weighted Avg. Market Cap	290,883 M
	2022	2023
Price-to-earnings	50.50	27.58
Price-to-book value	4.33	4.00

Source: AltaVista Research, LLC

ETF Risk Stats As of 05/31/23

Versus	Beta
S&P 500	1.20
NASDAQ-100	0.91
MSCI EAFE	1.11
MSCI Emg. Mkts	0.90
Standard Deviation	24.10%

Source: AltaVista Research, LLC

ETF Research

Global X ETFs Survey: Beyond Baby Boomers

Mapping Millennial Spending

Latest Premium / Discount As of 06/02/23

NAV	$30.36
Market Price	$30.39
Premium / (Discount)	$0.03

Current View 2023 Q2 As of 06/02/23

Days at Premium	11
Days at NAV	0
Days at Discount	32
Greatest Premium	0.14%
Greatest Discount	-0.21%

Daily Premium / Discount History As of 06/02/23

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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.

MILN

Millennial Consumer ETF

Reasons to Consider MILN

High Growth Potential

Invest in US Consumers

Unconstrained Approach

Key Information As of 06/02/23

ETF Summary

ETF Objective

Trading Details As of 06/01/23

Distributions As of 06/02/23

ETF Prices As of 06/02/23

Performance History

Top Holdings As of 06/02/23

Sector Breakdown As of 04/30/23

ETF Characteristics As of 06/01/23

ETF Risk Stats As of 05/31/23

ETF Research

Global X ETFs Survey: Beyond Baby Boomers

Mapping Millennial Spending

ETF Documents