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 03/27/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $122.85 million
NAV $39.12
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 03/27/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,140,000
Number of Holdings 80
30-Day Median Bid-Ask Spread 0.24%

Distributions As of 03/27/24

30-Day SEC Yield 0.31%
Distribution Frequency Semi-Annually

ETF Prices As of 03/27/24

NAV $39.12 Daily Change $0.20 0.51%
Market Price $39.12 Daily Change $0.21 0.54%

Performance History

As of recent
(12/31/23)
As of recent
(12/31/23)
Fund NAV Market Price Index
1 Year 36.19% 36.27% 36.82%
3 Years -1.51% -1.54% -1.04%
5 Years 12.76% 12.75% 13.32%
Since Inception 12.38% 12.32% 12.90%
1 Year 32.64% 32.23% 33.29%
3 Years -1.10% -1.24% -0.64%
5 Years 11.00% 10.90% 11.55%
Since Inception 13.18% 13.08% 13.71%
Year-to-Date 36.19% 36.27% 36.82%
1 Month 8.29% 8.32% 8.33%
3 Months 17.16% 16.94% 17.30%
Since Inception 144.52% 143.57% 153.42%
Year-to-Date 7.75% 7.48% 7.85%
1 Month 8.09% 7.90% 8.15%
3 Months 16.68% 16.42% 16.84%
Since Inception 163.48% 161.78% 173.32%

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 03/28/24

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
5.80 UBER UBER TECHNOLOGIES INC BK6N347 76.99 92,459 7,118,418.41
5.22 META META PLATFORMS INC B7TL820 485.58 13,192 6,405,771.36
4.17 AMZN AMAZON.COM INC 2000019 180.38 28,387 5,120,447.06
4.15 NFLX NETFLIX INC 2857817 607.33 8,397 5,099,750.01
4.01 CMG CHIPOTLE MEXICAN B0X7DZ3 2,906.77 1,692 4,918,254.84
3.48 COST COSTCO WHOLESALE CORP 2701271 732.63 5,838 4,277,093.94
3.48 INTU INTUIT INC 2459020 650.00 6,579 4,276,350.00
3.46 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 263.90 16,091 4,246,414.90
3.43 ABNB AIRBNB INC-CLASS A BMGYYH4 164.96 25,508 4,207,799.68
3.33 GOOGL ALPHABET INC-CL A BYVY8G0 150.93 27,057 4,083,713.01
3.27 FI FISERV INC 2342034 159.82 25,118 4,014,358.76
3.27 BKNG BOOKING HOLDINGS INC BDRXDB4 3,627.88 1,105 4,008,807.40
3.11 HD HOME DEPOT INC 2434209 383.60 9,949 3,816,436.40
3.10 SQ BLOCK INC BYNZGK1 84.58 45,021 3,807,876.18
2.99 LOW LOWE'S COS INC 2536763 254.73 14,427 3,674,989.71
2.87 DIS WALT DISNEY CO/THE 2270726 122.36 28,824 3,526,904.64
2.54 LULU LULULEMON ATHLETICA INC B23FN39 390.65 7,977 3,116,215.05
2.45 AAPL APPLE INC 2046251 171.48 17,556 3,010,502.88
2.22 CVNA CARVANA CO BYQHPG3 87.91 30,991 2,724,418.81
2.10 PYPL PAYPAL HOLDINGS INC BYW36M8 66.99 38,484 2,578,043.16
2.02 SBUX STARBUCKS CORP 2842255 91.39 27,165 2,482,609.35
1.92 EBAY EBAY INC 2293819 52.78 44,654 2,356,838.12
1.76 AVB AVALONBAY COMMUNITIES INC 2131179 185.56 11,646 2,161,031.76
1.76 NKE NIKE INC -CL B 2640147 93.98 22,988 2,160,412.24
1.62 EQR EQUITY RESIDENTIAL 2319157 63.11 31,490 1,987,333.90
1.51 SE SEA LTD-ADR BYWD7L4 53.71 34,587 1,857,667.77
1.48 INVH INVITATION HOMES INC BD81GW9 35.61 50,854 1,810,910.94
1.38 EXPE EXPEDIA GROUP INC B748CK2 137.75 12,297 1,693,911.75
1.03 SNAP SNAP INC - A BD8DJ71 11.48 110,385 1,267,219.80
0.95 DKS DICK'S SPORTING GOODS INC 2969637 224.86 5,162 1,160,727.32
0.93 KMX CARMAX INC 2983563 87.11 13,142 1,144,799.62
0.83 UDR UDR INC 2727910 37.41 27,380 1,024,285.80
0.71 CPT CAMDEN PROPERTY TRUST 2166320 98.40 8,877 873,496.80
0.69 MTCH MATCH GROUP INC BK80XH9 36.28 23,233 842,893.24
0.58 ETSY ETSY INC BWTN5N1 68.72 10,368 712,488.96
0.56 SKX SKECHERS USA INC-CL A 2428042 61.26 11,181 684,948.06
0.53 AN AUTONATION INC 2732635 165.58 3,891 644,271.78
0.48 LYFT LYFT INC-A BJT1RW7 19.35 30,730 594,625.50
0.46 W WAYFAIR INC- CLASS A BQXZP64 67.88 8,272 561,503.36
0.45 SFM SPROUTS FARMERS BCGCR79 64.48 8,568 552,464.64
0.40 VFC VF CORP 2928683 15.34 32,326 495,880.84
0.39 LRN STRIDE INC BLD5321 63.05 7,525 474,451.25
0.39 CPRI CAPRI HOLDINGS LTD BJ1N1M9 45.30 10,423 472,161.90
0.38 SLM SLM CORP 2101967 21.79 21,107 459,921.53
0.36 HIMS HIMS & HERS HEALTH INC BN46048 15.47 28,814 445,752.58
0.36 PLNT PLANET FITNESS INC - CL A BYSFJV8 62.63 7,059 442,105.17
0.36 TRIP TRIPADVISOR INC B6ZC3N6 27.79 15,751 437,720.29
0.34 COLM COLUMBIA SPORTSWEAR CO 2229126 81.18 5,173 419,944.14
0.33 CAR AVIS BUDGET GROUP INC B1CL8J2 122.46 3,275 401,056.50
0.31 PRDO PERDOCEO EDUCATION CORP BKRQQR9 17.56 21,305 374,115.80
0.30 GHC GRAHAM HOLDING-B BGM1B98 767.68 486 373,092.48
0.30 YELP YELP INC B7KCD72 39.40 9,410 370,754.00
0.30 CARG CARGURUS INC BF5D6S8 23.08 16,041 370,226.28
0.30 COUR COURSERA INC BNSNZL7 14.02 25,817 361,954.34
0.29 DBI DESIGNER BRAND-A BJ9J282 10.93 33,074 361,498.82
0.29 LAUR LAUREATE EDUCATION INC BYMYT66 14.57 24,266 353,555.62
0.29 ANGI ANGI INC BF4VWH4 2.62 134,930 353,516.60
0.29 LC LENDINGCLUB CORP BK95GR4 8.79 40,099 352,470.21
0.28 CRI CARTER'S INC 2980939 84.68 4,114 348,373.52
0.27 VMEO VIMEO INC BNDYF15 4.09 80,579 329,568.11
0.26 STRA STRATEGIC EDUCATION INC BGGJFV8 104.12 3,071 319,752.52
0.25 ZG ZILLOW GROUP INC - A BVYJBR3 47.86 6,460 309,175.60
0.25 PWSC POWERSCHOOL HLDG BMGTPK9 21.29 14,485 308,385.65
0.25 NNI NELNET INC-CL A 2196190 94.65 3,182 301,176.30
0.24 IRT INDEPENDENCE REA BCRYTK1 16.13 18,538 299,017.94
0.24 CSR CENTERSPACE BN47P80 57.14 5,232 298,956.48
0.21 LTH LIFE TIME GROUP BPH0546 15.52 16,629 258,082.08
0.20 CARS CARS.COM INC BYXHTC0 17.18 14,571 250,329.78
0.19 UAA UNDER ARMOUR INC-CLASS A B0PZN11 7.38 31,723 234,115.74
0.17 ACCD ACCOLADE INC BMB3JJ3 10.48 19,447 203,804.56
0.16 ZIP ZIPRECRUITER INC-A BMGH6N3 11.49 16,711 192,009.39
0.14 VSCO VICTORIA'S SECRET & CO BNNTGH3 19.38 8,854 171,590.52
0.13 IHRT IHEARTMEDIA INC - CLASS A BJVR9Y9 2.09 73,986 154,630.74
0.11 GPRO GOPRO INC-CLASS A BMNQC35 2.23 60,679 135,314.17
0.10 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 4.29 28,526 122,233.91
0.10 CHGG CHEGG INC BG6N6K6 7.57 16,059 121,566.63
0.09 CASH 1.00 115,759 115,758.67
0.09 MED MEDIFAST INC 2934033 38.32 2,945 112,852.40
0.09 AMWL AMERICAN WELL -A BN0SDK5 0.81 131,867 106,904.58
0.09 PLCE CHILDREN'S PLACE INC/THE 2106791 11.54 9,198 106,144.92
0.04 OTHER PAYABLE & RECEIVABLES 1.00 44,015 44,015.17
0.02 TWOU 2U INC BKWBZZ0 0.39 51,006 19,877.04
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 02/29/24

Sector Weight (%)
Consumer Discretionary 41.8
Communication Services 24.3
Information Technology 9.4
Real Estate 7.0
Industrials 6.9
Financials 5.9
Consumer Staples 4.2
Health Care 0.6

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 21.7
Other Consumer Services 11.8
Packaged Software 10.5
Specialty Stores 7.9
Real Estate Investment Trusts 6.8
Home Improvement Chains 6.1
Restaurants 5.9
Data Processing Services 5.4
Internet Retail 4.6
Apparel/Footwear Retail 4.4
Apparel/Footwear 3.5
Other 11.4

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 03/27/24

Return on Equity 18.30%
Weighted Avg. Market Cap 329,736 M
2023 2024
Price-to-earnings 38.02 26.09
Price-to-book value 5.17 4.44

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 02/29/24

Versus Beta
S&P 500 1.26
NASDAQ-100 0.98
MSCI EAFE 1.22
MSCI Emg. Mkts 0.96
Standard Deviation 24.50%

Source: new windowAltaVista 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.