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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 12/10/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $130.36 million
NAV $47.23
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 12/10/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 2,760,000
Number of Holdings 77
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 12/10/24

30-Day SEC Yield 0.27%
Distribution Frequency Semi-Annually

ETF Prices As of 12/10/24

NAV $47.23 Daily Change -$0.28 -0.59%
Market Price $47.30 Daily Change -$0.26 -0.55%

Performance History

As of recent
(09/30/24)
As of recent
(09/30/24)
Fund NAV Market Price Index
1 Year 38.66% 38.34% 39.35%
3 Years -0.55% -0.62% -0.08%
5 Years 11.35% 11.32% 11.90%
Since Inception 13.46% 13.40% 14.00%
1 Year 43.42% 43.58% 44.18%
3 Years 3.50% 3.55% 3.99%
5 Years 13.25% 13.23% 13.82%
Since Inception 14.68% 14.64% 15.22%
Year-to-Date 18.35% 18.30% 18.80%
1 Month 4.66% 4.75% 4.73%
3 Months 8.99% 8.91% 9.14%
Since Inception 189.38% 188.14% 201.06%
Year-to-Date 32.45% 32.55% 33.09%
1 Month 10.68% 10.62% 10.76%
3 Months 17.14% 17.37% 17.32%
Since Inception 223.87% 222.86% 237.28%

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 12/10/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.84 SE SEA LTD-ADR BYWD7L4 112.05 44,698 5,008,410.90
3.81 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 471.58 10,526 4,963,851.08
3.56 NFLX NETFLIX INC 2857817 913.35 5,084 4,643,471.40
3.50 BKNG BOOKING HOLDINGS INC BDRXDB4 5,185.33 880 4,563,090.40
3.47 AAPL APPLE INC 2046251 247.77 18,255 4,523,041.35
3.32 COST COSTCO WHOLESALE CORP 2701271 993.40 4,362 4,333,210.80
3.31 PYPL PAYPAL HOLDINGS INC BYW36M8 88.76 48,559 4,310,096.84
3.22 FI FISERV INC 2342034 201.54 20,806 4,193,241.24
3.02 DASH DOORDASH INC - A BN13P03 173.90 22,670 3,942,313.00
2.98 HD HOME DEPOT INC 2434209 422.59 9,200 3,887,828.00
2.92 AMZN AMAZON.COM INC 2000019 225.04 16,903 3,803,851.12
2.90 META META PLATFORMS INC B7TL820 619.32 6,108 3,782,806.56
2.88 SQ BLOCK INC BYNZGK1 94.04 39,908 3,752,948.32
2.85 GOOGL ALPHABET INC-CL A BYVY8G0 185.17 20,042 3,711,177.14
2.81 LOW LOWE'S COS INC 2536763 270.11 13,572 3,665,932.92
2.80 SBUX STARBUCKS CORP 2842255 98.16 37,195 3,651,061.20
2.78 LULU LULULEMON ATHLETICA INC B23FN39 397.10 9,132 3,626,317.20
2.66 CMG CHIPOTLE MEXICAN B0X7DZ3 64.83 53,416 3,462,959.28
2.53 INTU INTUIT INC 2459020 647.07 5,093 3,295,527.51
2.40 DIS WALT DISNEY CO/THE 2270726 114.73 27,273 3,129,031.29
2.16 EBAY EBAY INC 2293819 63.23 44,421 2,808,739.83
2.10 AVB AVALONBAY COMMUNITIES INC 2131179 225.05 12,180 2,741,109.00
2.09 UBER UBER TECHNOLOGIES INC BK6N347 64.96 41,943 2,724,617.28
2.05 ABNB AIRBNB INC-CLASS A BMGYYH4 138.30 19,316 2,671,402.80
2.04 NKE NIKE INC -CL B 2640147 76.74 34,729 2,665,103.46
1.82 EQR EQUITY RESIDENTIAL 2319157 72.90 32,484 2,368,083.60
1.81 CVNA CARVANA CO BYQHPG3 236.52 9,972 2,358,577.44
1.62 EXPE EXPEDIA GROUP INC B748CK2 188.41 11,175 2,105,481.75
1.34 INVH INVITATION HOMES INC BD81GW9 33.31 52,376 1,744,644.56
1.14 SNAP SNAP INC - A BD8DJ71 12.41 119,465 1,482,560.65
0.98 SOFI SOFI TECHNOLOGIES INC BM8J4C2 15.29 83,406 1,275,277.74
0.98 SFM SPROUTS FARMERS BCGCR79 146.92 8,654 1,271,445.68
0.96 UDR UDR INC 2727910 44.50 28,159 1,253,075.50
0.89 KMX CARMAX INC 2983563 86.08 13,502 1,162,252.16
0.86 CPT CAMDEN PROPERTY TRUST 2166320 121.93 9,151 1,115,781.43
0.83 DKS DICK'S SPORTING GOODS INC 2969637 213.76 5,038 1,076,922.88
0.74 CART MAPLEBEAR INC BN4L6W3 42.37 22,767 964,637.79
0.62 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 9.50 85,122 808,659.00
0.61 SKX SKECHERS USA INC-CL A 2428042 70.39 11,378 800,897.42
0.60 VSCO VICTORIA'S SECRET & CO BNNTGH3 46.63 16,781 782,498.03
0.58 MTCH MATCH GROUP INC BK80XH9 33.05 22,900 756,845.00
0.57 PLNT PLANET FITNESS INC - CL A BYSFJV8 100.17 7,428 744,062.76
0.53 VFC VF CORP 2928683 20.85 33,133 690,823.05
0.52 HIMS HIMS & HERS HEALTH INC BN46048 30.87 21,806 673,151.22
0.48 VMEO VIMEO INC BNDYF15 7.32 85,669 627,097.08
0.48 AN AUTONATION INC 2732635 175.98 3,556 625,784.88
0.46 LC LENDINGCLUB CORP BK95GR4 15.40 39,027 601,015.80
0.46 ETSY ETSY INC BWTN5N1 58.76 10,116 594,416.16
0.43 ZG ZILLOW GROUP INC - A BVYJBR3 78.79 7,138 562,403.02
0.43 LRN STRIDE INC BLD5321 106.23 5,287 561,638.01
0.42 LYFT LYFT INC-A BJT1RW7 16.19 33,380 540,422.20
0.40 CARG CARGURUS INC BF5D6S8 38.11 13,836 527,289.96
0.39 LTH LIFE TIME GROUP BPH0546 23.55 21,780 512,919.00
0.38 PRDO PERDOCEO EDUCATION CORP BKRQQR9 27.53 18,107 498,485.71
0.38 SLM SLM CORP 2101967 26.23 18,792 492,914.16
0.37 UAA UNDER ARMOUR INC-CLASS A B0PZN11 10.09 47,760 481,898.40
0.35 COLM COLUMBIA SPORTSWEAR CO 2229126 90.09 5,095 459,008.55
0.34 W WAYFAIR INC- CLASS A BQXZP64 54.69 8,098 442,879.62
0.32 IRT INDEPENDENCE REA BCRYTK1 21.13 19,485 411,718.05
0.31 GHC GRAHAM HOLDING-B BGM1B98 944.64 432 408,084.48
0.31 LAUR LAUREATE EDUCATION INC BYMYT66 18.72 21,603 404,408.16
0.28 NNI NELNET INC-CL A 2196190 108.17 3,369 364,424.73
0.28 CSR CENTERSPACE BN47P80 69.79 5,193 362,419.47
0.28 CARS CARS.COM INC BYXHTC0 19.18 18,839 361,332.02
0.24 YELP YELP INC B7KCD72 40.33 7,899 318,566.67
0.24 STRA STRATEGIC EDUCATION INC BGGJFV8 99.82 3,137 313,135.34
0.24 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 14.58 21,295 310,481.10
0.23 CAR AVIS BUDGET GROUP INC B1CL8J2 100.49 3,007 302,173.43
0.21 ANGI ANGI INC BF4VWH4 1.89 147,397 278,580.33
0.18 ZIP ZIPRECRUITER INC-A BMGH6N3 8.33 27,944 232,773.52
0.18 CRI CARTER'S INC 2980939 54.92 4,236 232,641.12
0.17 CPRI CAPRI HOLDINGS LTD BJ1N1M9 22.19 9,901 219,703.19
0.17 DBI DESIGNER BRAND-A BJ9J282 6.01 36,539 219,599.39
0.16 COUR COURSERA INC BNSNZL7 8.50 24,090 204,765.00
0.13 TRIP TRIPADVISOR INC B6ZC3N6 13.98 11,728 163,957.44
0.10 CASH 1.00 133,523 133,522.91
0.10 ACCD ACCOLADE INC BMB3JJ3 3.64 36,550 133,042.00
0.08 CHGG CHEGG INC BG6N6K6 2.46 42,552 104,677.92
0.04 OTHER PAYABLE & RECEIVABLES 1.00 51,435 51,435.27
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/24

Sector Weight (%)
Consumer Discretionary 42.1
Communication Services 22.2
Information Technology 12.6
Real Estate 8.5
Financials 6.3
Consumer Staples 4.3
Industrials 3.5
Health Care 0.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Media & Entertainment 22.2
Consumer Services 18.1
Consumer Discretionary Distribution & Retail 16.3
Software & Services 9.2
Equity Real Estate Investment Trusts (REITs) 8.0
Consumer Durables & Apparel 7.6
Financial Services 5.5
Consumer Staples Distribution & Retail 4.3
Technology Hardware & Equipment 3.3
Transportation 3.0
Consumer Staples Distribution 0.8
Other 1.7

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 12/10/24

Return on Equity 17.70%
Weighted Avg. Market Cap 386,701 M
2023 2024
Price-to-earnings 36.56 31.27
Price-to-book value 5.94 5.16

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/24

Versus Beta
S&P 500 1.31
NASDAQ-100 1.01
MSCI EAFE 1.14
MSCI Emg. Mkts 0.95
Standard Deviation 25.00%

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.