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MILN

Millennial Consumer ETF

 

Reasons to Consider MILN

High Growth Potential

Millennials have become the largest generation in the U.S., making up over 45% of the workforce.1 With most of their prime earning years ahead, companies catering to Millennials could see large 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, 2023
2CEIC Data, 2023

Key Information As of 04/23/25

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $110.46 million
NAV $42.00
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 04/23/25

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 2,630,000
Number of Holdings 80
30-Day Median Bid-Ask Spread 0.35%

Distributions As of 04/23/25

30-Day SEC Yield 0.30%
Distribution Frequency Semi-Annually

ETF Prices As of 04/23/25

NAV $42.00 Daily Change $0.67 1.62%
Market Price $42.02 Daily Change $0.74 1.79%

Performance History

As of recent month & quarter-end (03/31/25)
As of recent month & quarter-end (03/31/25)
Fund NAV Market Price Index
1 Year 10.58% 10.51% 11.14%
3 Years 6.15% 6.15% 6.63%
5 Years 16.86% 16.84% 17.45%
Since Inception 13.04% 12.99% 13.57%
1 Year 10.58% 10.51% 11.14%
3 Years 6.15% 6.15% 6.63%
5 Years 16.86% 16.84% 17.45%
Since Inception 13.04% 12.99% 13.57%
Year-to-Date -4.07% -4.11% -3.96%
1 Month -8.46% -8.47% -8.45%
3 Months -4.07% -4.11% -3.96%
Since Inception 198.15% 196.88% 210.90%
Year-to-Date -4.07% -4.11% -3.96%
1 Month -8.46% -8.47% -8.45%
3 Months -4.07% -4.11% -3.96%
Since Inception 198.15% 196.88% 210.90%

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 04/23/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.28 NFLX NETFLIX INC 2857817 1,049.59 3,454 3,625,283.86
3.23 AAPL APPLE INC 2046251 204.60 17,436 3,567,405.60
3.11 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 592.70 5,800 3,437,660.00
3.11 SE SEA LTD-ADR BYWD7L4 120.45 28,477 3,430,054.65
3.09 BKNG BOOKING HOLDINGS INC BDRXDB4 4,731.03 722 3,415,803.66
3.09 UBER UBER TECHNOLOGIES INC BK6N347 73.77 46,202 3,408,321.54
3.05 ABNB AIRBNB INC-CLASS A BMGYYH4 118.28 28,444 3,364,356.32
3.02 FI FISERV INC 2342034 217.10 15,370 3,336,827.00
2.98 INTU INTUIT INC 2459020 596.05 5,526 3,293,772.30
2.98 DASH DOORDASH INC - A BN13P03 181.19 18,138 3,286,424.22
2.96 PYPL PAYPAL HOLDINGS INC BYW36M8 62.46 52,365 3,270,717.90
2.93 NKE NIKE INC -CL B 2640147 57.39 56,434 3,238,747.26
2.92 COST COSTCO WHOLESALE CORP 2701271 975.84 3,308 3,228,078.72
2.92 GOOGL ALPHABET INC-CL A BYVY8G0 155.35 20,776 3,227,551.60
2.91 DIS WALT DISNEY CO/THE 2270726 87.29 36,787 3,211,137.23
2.89 HD HOME DEPOT INC 2434209 356.42 8,967 3,196,018.14
2.89 CMG CHIPOTLE MEXICAN B0X7DZ3 48.76 65,382 3,188,026.32
2.88 AMZN AMAZON.COM INC 2000019 180.60 17,615 3,181,269.00
2.83 SBUX STARBUCKS CORP 2842255 82.81 37,724 3,123,924.44
2.80 LOW LOWE'S COS INC 2536763 217.76 14,201 3,092,409.76
2.77 META META PLATFORMS INC B7TL820 520.27 5,889 3,063,870.03
2.14 XYZ BLOCK INC BYNZGK1 55.66 42,428 2,361,542.48
2.13 EBAY EBAY INC 2293819 66.63 35,342 2,354,837.46
2.11 LULU LULULEMON ATHLETICA INC B23FN39 265.85 8,761 2,329,111.85
2.04 CVNA CARVANA CO BYQHPG3 220.94 10,188 2,250,936.72
2.02 AVB AVALONBAY COMMUNITIES INC 2131179 206.42 10,797 2,228,716.74
1.81 EQR EQUITY RESIDENTIAL 2319157 69.38 28,794 1,997,727.72
1.43 INVH INVITATION HOMES INC BD81GW9 33.95 46,470 1,577,656.50
1.32 EXPE EXPEDIA GROUP INC B748CK2 156.27 9,351 1,461,280.77
1.24 WSM WILLIAMS-SONOMA INC 2967589 145.88 9,364 1,366,020.32
1.11 SFM SPROUTS FARMERS BCGCR79 164.67 7,432 1,223,827.44
0.95 UDR UDR INC 2727910 41.80 25,101 1,049,221.80
0.88 SOFI SOFI TECHNOLOGIES INC BM8J4C2 11.74 83,095 975,535.30
0.84 CPT CAMDEN PROPERTY TRUST 2166320 114.03 8,090 922,502.70
0.79 SNAP SNAP INC - A BD8DJ71 7.98 109,280 872,054.40
0.76 CART MAPLEBEAR INC BN4L6W3 42.01 20,052 842,384.52
0.71 DKS DICK'S SPORTING GOODS INC 2969637 184.34 4,264 786,025.76
0.69 KMX CARMAX INC 2983563 65.80 11,652 766,701.60
0.66 CELH CELSIUS HOLDINGS INC B19HX21 37.27 19,524 727,659.48
0.56 PLNT PLANET FITNESS INC - CL A BYSFJV8 96.98 6,364 617,180.72
0.51 MTCH MATCH GROUP INC BK80XH9 29.64 18,961 562,004.04
0.45 AN AUTONATION INC 2732635 168.90 2,971 501,801.90
0.44 LTH LIFE TIME GROUP BPH0546 30.69 15,868 486,988.92
0.44 SKX SKECHERS USA INC-CL A 2428042 48.88 9,842 481,076.96
0.42 LRN STRIDE INC BLD5321 140.12 3,296 461,835.52
0.39 SLM SLM CORP 2101967 27.15 15,922 432,282.30
0.39 HIMS HIMS & HERS HEALTH INC BN46048 26.71 16,180 432,167.80
0.37 CAR AVIS BUDGET GROUP INC B1CL8J2 86.31 4,767 411,439.77
0.34 CURV TORRID HOLDINGS INC BMBR9W8 5.78 65,291 377,381.98
0.34 ETSY ETSY INC BWTN5N1 45.79 8,097 370,761.63
0.33 COUR COURSERA INC BNSNZL7 7.60 48,568 369,116.80
0.33 GRND GRINDR INC BP4XXM2 20.69 17,709 366,399.21
0.33 LC LENDINGCLUB CORP BK95GR4 10.25 35,004 358,791.00
0.32 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 5.98 59,934 358,405.32
0.32 LYFT LYFT INC-A BJT1RW7 11.44 30,959 354,170.96
0.32 URBN URBAN OUTFITTERS INC 2933438 50.24 7,006 351,981.44
0.32 W WAYFAIR INC- CLASS A BQXZP64 28.27 12,412 350,887.24
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 5.78 60,662 350,626.36
0.31 TRIP TRIPADVISOR INC B6ZC3N6 12.34 28,082 346,531.88
0.31 CPRI CAPRI HOLDINGS LTD BJ1N1M9 14.40 24,009 345,729.60
0.31 IRT INDEPENDENCE REA BCRYTK1 19.59 17,473 342,296.07
0.31 VFC VF CORP 2928683 11.11 30,764 341,788.04
0.31 CRI CARTER'S INC 2980939 37.27 9,107 339,417.89
0.30 NGVC NATURAL GROCERS B82C9Z7 47.98 6,923 332,165.54
0.30 CARG CARGURUS INC BF5D6S8 27.73 11,894 329,820.62
0.29 VMEO VIMEO INC BNDYF15 5.02 64,698 324,783.96
0.29 ZIP ZIPRECRUITER INC-A BMGH6N3 5.47 59,094 323,244.18
0.29 VSCO VICTORIA'S SECRET & CO BNNTGH3 18.07 17,813 321,880.91
0.29 COLM COLUMBIA SPORTSWEAR CO 2229126 65.27 4,914 320,736.78
0.29 LAUR LAUREATE EDUCATION INC BYMYT66 19.62 16,335 320,492.70
0.29 NNI NELNET INC-CL A 2196190 108.13 2,957 319,740.41
0.29 CSR CENTERSPACE BN47P80 59.89 5,329 319,153.81
0.29 CARS CARS.COM INC BYXHTC0 11.50 27,737 318,975.50
0.29 ZG ZILLOW GROUP INC - A BVYJBR3 63.20 5,015 316,948.00
0.29 ANGI ANGI INC BT9P0M0 12.56 25,023 314,288.88
0.28 YELP YELP INC B7KCD72 34.42 9,122 313,979.24
0.28 GHC GRAHAM HOLDING-B BGM1B98 921.11 339 312,256.29
0.28 STRA STRATEGIC EDUCATION INC BGGJFV8 80.15 3,886 311,462.90
0.27 PRDO PERDOCEO EDUCATION CORP BKRQQR9 24.91 11,992 298,720.72
0.26 SG SWEETGREEN INC - CLASS A BMQ89L5 18.45 15,402 284,166.90
0.08 CASH 1.00 83,851 83,850.61
0.00 OTHER PAYABLE & RECEIVABLES 1.00 1,276 1,275.89
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 03/31/25

Sector Weight (%)
Consumer Discretionary 40.8
Communication Services 24.3
Financials 9.2
Real Estate 8.6
Information Technology 8.2
Consumer Staples 4.6
Industrials 3.5
Health Care 0.8

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Media & Entertainment 24.3
Consumer Services 18.2
Consumer Discretionary Distribution & Retail 15.7
Financial Services 8.5
Equity Real Estate Investment Trusts (REITs) 8.2
Consumer Durables & Apparel 6.9
Software & Services 4.8
Consumer Staples Distribution & Retail 4.6
Technology Hardware & Equipment 3.4
Transportation 3.1
Health Care Equipment & Services 0.8
Other 1.5

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 04/23/25

Return on Equity 19.00%
Weighted Avg. Market Cap 362,658 M
2024 2025
Price-to-earnings 27.11 22.84
Price-to-book value 4.74 4.01

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 03/31/25

Versus Beta
S&P 500 1.32
NASDAQ-100 1.01
MSCI EAFE 1.12
MSCI Emg. Mkts 0.93
Standard Deviation 24.90%

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.