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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 04/02/25

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $116.30 million
NAV $44.05
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 04/01/25

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 2,640,000
Number of Holdings 77
30-Day Median Bid-Ask Spread 0.32%

Distributions As of 04/02/25

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

ETF Prices As of 04/02/25

NAV $44.05 Daily Change $0.60 1.38%
Market Price $44.06 Daily Change $0.65 1.50%

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 04/02/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.94 SE SEA LTD-ADR BYWD7L4 134.58 42,697 5,746,162.26
4.89 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 565.41 10,055 5,685,197.55
3.91 NFLX NETFLIX INC 2857817 935.52 4,857 4,543,820.64
3.87 FI FISERV INC 2342034 226.15 19,875 4,494,731.25
3.52 DASH DOORDASH INC - A BN13P03 189.25 21,655 4,098,208.75
3.46 COST COSTCO WHOLESALE CORP 2701271 965.08 4,170 4,024,383.60
3.39 BKNG BOOKING HOLDINGS INC BDRXDB4 4,689.30 840 3,939,012.00
3.36 AAPL APPLE INC 2046251 223.89 17,438 3,904,193.82
3.04 SBUX STARBUCKS CORP 2842255 99.41 35,530 3,532,037.30
2.93 META META PLATFORMS INC B7TL820 583.93 5,835 3,407,231.55
2.80 HD HOME DEPOT INC 2434209 370.89 8,789 3,259,752.21
2.72 AMZN AMAZON.COM INC 2000019 196.01 16,146 3,164,777.46
2.68 PYPL PAYPAL HOLDINGS INC BYW36M8 67.15 46,385 3,114,752.75
2.62 LOW LOWE'S COS INC 2536763 235.28 12,965 3,050,405.20
2.60 INTU INTUIT INC 2459020 620.91 4,865 3,020,727.15
2.59 GOOGL ALPHABET INC-CL A BYVY8G0 157.04 19,144 3,006,373.76
2.57 UBER UBER TECHNOLOGIES INC BK6N347 74.50 40,119 2,988,865.50
2.46 EBAY EBAY INC 2293819 67.42 42,432 2,860,765.44
2.28 CMG CHIPOTLE MEXICAN B0X7DZ3 52.02 51,031 2,654,632.62
2.19 DIS WALT DISNEY CO/THE 2270726 97.88 26,052 2,549,969.76
2.16 AVB AVALONBAY COMMUNITIES INC 2131179 215.61 11,635 2,508,622.35
2.12 LULU LULULEMON ATHLETICA INC B23FN39 282.75 8,723 2,466,428.25
1.95 ABNB AIRBNB INC-CLASS A BMGYYH4 122.80 18,476 2,268,852.80
1.91 EQR EQUITY RESIDENTIAL 2319157 71.63 31,068 2,225,400.84
1.90 XYZ BLOCK INC BYNZGK1 57.86 38,127 2,206,028.22
1.86 CVNA CARVANA CO BYQHPG3 226.32 9,540 2,159,092.80
1.86 NKE NIKE INC -CL B 2640147 64.96 33,217 2,157,776.32
1.54 EXPE EXPEDIA GROUP INC B748CK2 167.85 10,683 1,793,141.55
1.49 INVH INVITATION HOMES INC BD81GW9 34.63 50,096 1,734,824.48
1.13 SFM SPROUTS FARMERS BCGCR79 158.34 8,282 1,311,371.88
1.05 UDR UDR INC 2727910 45.36 26,935 1,221,771.60
0.92 CPT CAMDEN PROPERTY TRUST 2166320 122.80 8,755 1,075,114.00
0.92 KMX CARMAX INC 2983563 82.77 12,914 1,068,891.78
0.88 DKS DICK'S SPORTING GOODS INC 2969637 211.32 4,822 1,018,985.04
0.87 SNAP SNAP INC - A BD8DJ71 8.88 114,264 1,014,664.32
0.84 SOFI SOFI TECHNOLOGIES INC BM8J4C2 12.31 79,770 981,968.70
0.76 CART MAPLEBEAR INC BN4L6W3 40.50 21,771 881,725.50
0.60 PLNT PLANET FITNESS INC - CL A BYSFJV8 98.77 7,104 701,662.08
0.59 MTCH MATCH GROUP INC BK80XH9 31.28 21,904 685,157.12
0.57 LRN STRIDE INC BLD5321 131.21 5,059 663,791.39
0.56 LTH LIFE TIME GROUP BPH0546 31.29 20,827 651,676.83
0.56 HIMS HIMS & HERS HEALTH INC BN46048 31.22 20,858 651,186.76
0.55 SKX SKECHERS USA INC-CL A 2428042 59.03 10,886 642,600.58
0.49 AN AUTONATION INC 2732635 167.43 3,400 569,262.00
0.47 SLM SLM CORP 2101967 30.14 17,976 541,796.64
0.45 VFC VF CORP 2928683 16.39 31,681 519,251.59
0.44 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 6.31 81,390 513,570.90
0.42 ETSY ETSY INC BWTN5N1 50.42 9,672 487,662.24
0.41 ZG ZILLOW GROUP INC - A BVYJBR3 69.75 6,826 476,113.50
0.40 PRDO PERDOCEO EDUCATION CORP BKRQQR9 26.55 17,315 459,713.25
0.37 VMEO VIMEO INC BNDYF15 5.27 81,920 431,718.40
0.37 LAUR LAUREATE EDUCATION INC BYMYT66 20.86 20,655 430,863.30
0.36 LYFT LYFT INC-A BJT1RW7 12.95 31,923 413,402.85
0.35 GHC GRAHAM HOLDING-B BGM1B98 1,003.53 408 409,440.24
0.34 IRT INDEPENDENCE REA BCRYTK1 21.38 18,633 398,373.54
0.34 LC LENDINGCLUB CORP BK95GR4 10.73 36,906 396,001.38
0.34 CARG CARGURUS INC BF5D6S8 29.51 13,224 390,240.24
0.32 COLM COLUMBIA SPORTSWEAR CO 2229126 77.36 4,867 376,511.12
0.31 NNI NELNET INC-CL A 2196190 111.45 3,225 359,426.25
0.28 CSR CENTERSPACE BN47P80 64.65 4,965 320,987.25
0.27 VSCO VICTORIA'S SECRET & CO BNNTGH3 19.22 16,049 308,461.78
0.26 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.60 45,672 301,435.20
0.25 YELP YELP INC B7KCD72 38.37 7,551 289,731.87
0.23 W WAYFAIR INC- CLASS A BQXZP64 33.72 7,750 261,330.00
0.22 STRA STRATEGIC EDUCATION INC BGGJFV8 85.52 2,993 255,961.36
0.21 ACCD ACCOLADE INC BMB3JJ3 6.99 34,954 244,328.46
0.19 CAR AVIS BUDGET GROUP INC B1CL8J2 76.78 2,875 220,742.50
0.18 CARS CARS.COM INC BYXHTC0 11.64 18,011 209,648.04
0.17 ANGI ANGI INC BT9P0M0 14.00 14,096 197,344.00
0.16 CPRI CAPRI HOLDINGS LTD BJ1N1M9 19.63 9,469 185,876.47
0.16 CASH 1.00 182,037 182,036.94
0.15 CRI CARTER'S INC 2980939 42.12 4,044 170,333.28
0.14 ZIP ZIPRECRUITER INC-A BMGH6N3 6.27 26,720 167,534.40
0.14 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 8.16 20,359 166,129.44
0.14 TRIP TRIPADVISOR INC B6ZC3N6 14.31 11,212 160,443.72
0.13 COUR COURSERA INC BNSNZL7 6.75 23,034 155,479.50
0.12 DBI DESIGNER BRAND-A BJ9J282 3.90 34,943 136,277.70
0.03 OTHER PAYABLE & RECEIVABLES 1.00 31,093 31,092.94
0.02 CHGG CHEGG INC BG6N6K6 0.62 40,692 25,229.04
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 04/02/25

Return on Equity 17.70%
Weighted Avg. Market Cap 362,658 M
2024 2025
Price-to-earnings 31.24 26.22
Price-to-book value 5.05 4.29

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.