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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 06/28/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $116.65 million
NAV $38.50
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 06/27/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,030,000
Number of Holdings 78
30-Day Median Bid-Ask Spread 0.27%

Distributions As of 06/28/24

30-Day SEC Yield 0.40%
Distribution Frequency Semi-Annually

ETF Prices As of 06/28/24

NAV $38.50 Daily Change -$0.41 -1.05%
Market Price $38.49 Daily Change -$0.47 -1.21%

Performance History

As of recent
(03/31/24)
As of recent
(03/31/24)
Fund NAV Market Price Index
1 Year 31.46% 31.86% 32.10%
3 Years -0.59% -0.62% -0.13%
5 Years 10.83% 10.83% 11.39%
Since Inception 13.35% 13.30% 13.88%
1 Year 29.09% 29.06% 29.70%
3 Years -2.72% -2.73% -2.27%
5 Years 10.47% 10.45% 11.01%
Since Inception 12.55% 12.50% 13.08%
Year-to-Date 10.26% 10.30% 10.39%
1 Month 2.33% 2.62% 2.35%
3 Months 10.26% 10.30% 10.39%
Since Inception 169.62% 168.65% 179.73%
Year-to-Date 6.32% 6.32% 6.53%
1 Month 0.77% 0.83% 0.81%
3 Months -1.33% -1.08% -1.23%
Since Inception 159.97% 158.96% 169.95%

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 06/28/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.61 AAPL APPLE INC 2046251 210.62 19,967 4,205,449.54
3.48 COST COSTCO WHOLESALE CORP 2701271 849.99 4,772 4,056,152.28
3.42 GOOGL ALPHABET INC-CL A BYVY8G0 182.15 21,924 3,993,456.60
3.26 BKNG BOOKING HOLDINGS INC BDRXDB4 3,961.50 961 3,807,001.50
3.22 NFLX NETFLIX INC 2857817 674.88 5,559 3,751,657.92
3.14 CMG CHIPOTLE MEXICAN B0X7DZ3 62.65 58,400 3,658,760.00
3.14 INTU INTUIT INC 2459020 657.21 5,565 3,657,373.65
3.10 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 313.79 11,513 3,612,664.27
3.06 AMZN AMAZON.COM INC 2000019 193.25 18,488 3,572,806.00
2.99 SE SEA LTD-ADR BYWD7L4 71.42 48,893 3,491,938.06
2.97 HD HOME DEPOT INC 2434209 344.24 10,062 3,463,742.88
2.91 FI FISERV INC 2342034 149.04 22,756 3,391,554.24
2.89 META META PLATFORMS INC B7TL820 504.22 6,681 3,368,693.82
2.86 UBER UBER TECHNOLOGIES INC BK6N347 72.68 45,879 3,334,485.72
2.81 LOW LOWE'S COS INC 2536763 220.46 14,845 3,272,728.70
2.75 ABNB AIRBNB INC-CLASS A BMGYYH4 151.63 21,128 3,203,638.64
2.72 SBUX STARBUCKS CORP 2842255 77.85 40,687 3,167,482.95
2.64 PYPL PAYPAL HOLDINGS INC BYW36M8 58.03 53,116 3,082,321.48
2.56 LULU LULULEMON ATHLETICA INC B23FN39 298.70 9,988 2,983,415.60
2.54 DIS WALT DISNEY CO/THE 2270726 99.29 29,834 2,962,217.86
2.46 NKE NIKE INC -CL B 2640147 75.37 37,989 2,863,230.93
2.41 SQ BLOCK INC BYNZGK1 64.49 43,655 2,815,310.95
2.36 AVB AVALONBAY COMMUNITIES INC 2131179 206.89 13,323 2,756,395.47
2.31 DASH DOORDASH INC - A BN13P03 108.78 24,797 2,697,417.66
2.24 EBAY EBAY INC 2293819 53.72 48,590 2,610,254.80
2.10 EQR EQUITY RESIDENTIAL 2319157 68.67 35,670 2,449,280.55
1.87 SNAP SNAP INC - A BD8DJ71 16.61 131,183 2,178,949.63
1.77 INVH INVITATION HOMES INC BD81GW9 35.89 57,506 2,063,890.34
1.33 EXPE EXPEDIA GROUP INC B748CK2 125.99 12,282 1,547,409.18
1.20 CVNA CARVANA CO BYQHPG3 128.72 10,908 1,404,077.76
1.09 UDR UDR INC 2727910 41.15 30,913 1,272,069.95
1.02 DKS DICK'S SPORTING GOODS INC 2969637 214.85 5,524 1,186,831.40
0.94 CPT CAMDEN PROPERTY TRUST 2166320 109.11 10,042 1,095,682.62
0.93 KMX CARMAX INC 2983563 73.34 14,825 1,087,265.50
0.74 SKX SKECHERS USA INC-CL A 2428042 69.12 12,485 862,963.20
0.69 CART MAPLEBEAR INC BN4L6W3 32.14 25,008 803,757.12
0.68 SFM SPROUTS FARMERS BCGCR79 83.66 9,491 794,017.06
0.66 MTCH MATCH GROUP INC BK80XH9 30.38 25,141 763,783.58
0.56 ETSY ETSY INC BWTN5N1 58.98 11,115 655,562.70
0.53 AN AUTONATION INC 2732635 159.38 3,907 622,697.66
0.52 SOFI SOFI TECHNOLOGIES INC BM8J4C2 6.61 91,587 605,390.07
0.52 PLNT PLANET FITNESS INC - CL A BYSFJV8 73.59 8,157 600,273.63
0.44 LYFT LYFT INC-A BJT1RW7 14.10 36,674 517,103.40
0.42 VFC VF CORP 2928683 13.50 36,400 491,400.00
0.41 HIMS HIMS & HERS HEALTH INC BN46048 20.19 23,939 483,328.41
0.40 W WAYFAIR INC- CLASS A BQXZP64 52.73 8,881 468,295.13
0.39 LTH LIFE TIME GROUP BPH0546 18.83 23,919 450,394.77
0.38 COLM COLUMBIA SPORTSWEAR CO 2229126 79.08 5,608 443,480.64
0.37 SLM SLM CORP 2101967 20.79 20,628 428,856.12
0.37 PRDO PERDOCEO EDUCATION CORP BKRQQR9 21.42 19,889 426,022.38
0.35 LRN STRIDE INC BLD5321 70.50 5,800 408,900.00
0.35 CARS CARS.COM INC BYXHTC0 19.70 20,702 407,829.40
0.34 IRT INDEPENDENCE REA BCRYTK1 18.74 21,402 401,073.48
0.34 CARG CARGURUS INC BF5D6S8 26.20 15,213 398,580.60
0.33 CSR CENTERSPACE BN47P80 67.63 5,706 385,896.78
0.33 STRA STRATEGIC EDUCATION INC BGGJFV8 110.66 3,461 382,994.26
0.32 PWSC POWERSCHOOL HLDG BMGTPK9 22.39 16,797 376,084.83
0.32 NNI NELNET INC-CL A 2196190 100.86 3,693 372,475.98
0.31 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 15.60 23,401 365,055.60
0.31 LC LENDINGCLUB CORP BK95GR4 8.46 42,807 362,147.22
0.31 CPRI CAPRI HOLDINGS LTD BJ1N1M9 33.08 10,873 359,678.84
0.30 LAUR LAUREATE EDUCATION INC BYMYT66 14.94 23,736 354,615.84
0.30 ZG ZILLOW GROUP INC - A BVYJBR3 45.04 7,840 353,113.60
0.30 VMEO VIMEO INC BNDYF15 3.73 94,120 351,067.60
0.30 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.67 52,458 349,894.86
0.30 CAR AVIS BUDGET GROUP INC B1CL8J2 104.52 3,304 345,334.08
0.29 GHC GRAHAM HOLDING-B BGM1B98 699.55 475 332,286.25
0.28 VSCO VICTORIA'S SECRET & CO BNNTGH3 17.67 18,428 325,622.76
0.28 YELP YELP INC B7KCD72 36.95 8,682 320,799.90
0.27 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 3.38 93,519 316,094.22
0.27 ANGI ANGI INC BF4VWH4 1.92 161,923 310,892.16
0.25 CRI CARTER'S INC 2980939 61.97 4,668 289,275.96
0.24 ZIP ZIPRECRUITER INC-A BMGH6N3 9.09 30,698 279,044.82
0.24 DBI DESIGNER BRAND-A BJ9J282 6.83 40,130 274,087.90
0.20 TRIP TRIPADVISOR INC B6ZC3N6 17.81 12,889 229,553.09
0.16 COUR COURSERA INC BNSNZL7 7.16 26,466 189,496.56
0.13 CHGG CHEGG INC BG6N6K6 3.16 46,737 147,688.92
0.12 ACCD ACCOLADE INC BMB3JJ3 3.58 40,141 143,704.78
0.03 CASH 1.00 31,896 31,895.72
0.00 OTHER PAYABLE & RECEIVABLES 1.00 2,234 2,233.95
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 05/31/24

Sector Weight (%)
Consumer Discretionary 43.7
Communication Services 22.2
Information Technology 8.9
Real Estate 8.9
Financials 8.2
Consumer Staples 4.0
Industrials 3.4
Health Care 0.7

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 23.2
Other Consumer Services 11.0
Real Estate Investment Trusts 9.2
Specialty Stores 7.4
Packaged Software 6.6
Restaurants 6.4
Home Improvement Chains 6.2
Apparel/Footwear 5.4
Apparel/Footwear Retail 4.3
Data Processing Services 3.6
Telecommunications Equipment 3.6
Other 13.1

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 06/27/24

Return on Equity 17.50%
Weighted Avg. Market Cap 392,486 M
2023 2024
Price-to-earnings 29.52 25.44
Price-to-book value 4.79 4.17

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 05/31/24

Versus Beta
S&P 500 1.26
NASDAQ-100 0.98
MSCI EAFE 1.22
MSCI Emg. Mkts 0.97
Standard Deviation 24.60%

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.