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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 01/10/25

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $121.17 million
NAV $44.71
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 01/08/25

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 2,710,000
Number of Holdings 77
30-Day Median Bid-Ask Spread 0.29%

Distributions As of 01/10/25

30-Day SEC Yield 0.26%
Distribution Frequency Semi-Annually

ETF Prices As of 01/10/25

NAV $44.71 Daily Change -$0.67 -1.48%
Market Price $44.67 Daily Change -$0.75 -1.65%

Performance History

As of recent month & quarter-end (12/31/24)
As of recent month & quarter-end (12/31/24)
Fund NAV Market Price Index
1 Year 27.10% 27.12% 27.74%
3 Years 2.11% 2.16% 2.58%
5 Years 11.97% 11.95% 12.53%
Since Inception 13.98% 13.93% 14.52%
1 Year 27.10% 27.12% 27.74%
3 Years 2.11% 2.16% 2.58%
5 Years 11.97% 11.95% 12.53%
Since Inception 13.98% 13.93% 14.52%
Year-to-Date 27.10% 27.12% 27.74%
1 Month -4.04% -4.10% -4.02%
3 Months 7.40% 7.45% 7.52%
Since Inception 210.80% 209.62% 223.72%
Year-to-Date 27.10% 27.12% 27.74%
1 Month -4.04% -4.10% -4.02%
3 Months 7.40% 7.45% 7.52%
Since Inception 210.80% 209.62% 223.72%

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 01/10/25

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.92 SE SEA LTD-ADR BYWD7L4 108.29 43,831 4,746,458.99
3.91 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 459.53 10,321 4,742,809.13
3.50 AAPL APPLE INC 2046251 236.85 17,900 4,239,615.00
3.45 NFLX NETFLIX INC 2857817 837.69 4,983 4,174,209.27
3.38 FI FISERV INC 2342034 200.51 20,400 4,090,404.00
3.37 BKNG BOOKING HOLDINGS INC BDRXDB4 4,739.55 861 4,080,752.55
3.31 COST COSTCO WHOLESALE CORP 2701271 936.94 4,282 4,011,977.08
3.28 PYPL PAYPAL HOLDINGS INC BYW36M8 83.36 47,617 3,969,353.12
3.12 DASH DOORDASH INC - A BN13P03 170.12 22,229 3,781,597.48
3.12 GOOGL ALPHABET INC-CL A BYVY8G0 192.04 19,655 3,774,546.20
3.04 META META PLATFORMS INC B7TL820 615.86 5,989 3,688,385.54
3.00 AMZN AMAZON.COM INC 2000019 218.94 16,573 3,628,492.62
2.92 LULU LULULEMON ATHLETICA INC B23FN39 395.47 8,954 3,541,038.38
2.90 HD HOME DEPOT INC 2434209 389.89 9,020 3,516,807.80
2.78 SBUX STARBUCKS CORP 2842255 92.25 36,475 3,364,818.75
2.72 LOW LOWE'S COS INC 2536763 247.90 13,308 3,299,053.20
2.67 SQ BLOCK INC BYNZGK1 82.54 39,135 3,230,202.90
2.57 INTU INTUIT INC 2459020 623.43 4,991 3,111,539.13
2.44 CMG CHIPOTLE MEXICAN B0X7DZ3 56.50 52,382 2,959,583.00
2.40 DIS WALT DISNEY CO/THE 2270726 108.65 26,745 2,905,844.25
2.37 EBAY EBAY INC 2293819 65.90 43,559 2,870,538.10
2.24 UBER UBER TECHNOLOGIES INC BK6N347 65.97 41,183 2,716,842.51
2.08 AVB AVALONBAY COMMUNITIES INC 2131179 210.77 11,943 2,517,226.11
2.03 ABNB AIRBNB INC-CLASS A BMGYYH4 129.63 18,966 2,458,562.58
2.00 NKE NIKE INC -CL B 2640147 71.20 34,099 2,427,848.80
1.76 EQR EQUITY RESIDENTIAL 2319157 66.98 31,894 2,136,260.12
1.63 EXPE EXPEDIA GROUP INC B748CK2 180.20 10,970 1,976,794.00
1.56 CVNA CARVANA CO BYQHPG3 193.06 9,792 1,890,443.52
1.29 INVH INVITATION HOMES INC BD81GW9 30.28 51,426 1,557,179.28
1.21 SNAP SNAP INC - A BD8DJ71 12.47 117,295 1,462,668.65
0.97 SFM SPROUTS FARMERS BCGCR79 137.98 8,499 1,172,692.02
0.96 SOFI SOFI TECHNOLOGIES INC BM8J4C2 14.15 81,891 1,158,757.65
0.94 DKS DICK'S SPORTING GOODS INC 2969637 229.82 4,948 1,137,149.36
0.92 UDR UDR INC 2727910 40.09 27,649 1,108,448.41
0.86 KMX CARMAX INC 2983563 78.34 13,257 1,038,553.38
0.82 CART MAPLEBEAR INC BN4L6W3 44.23 22,352 988,628.96
0.81 CPT CAMDEN PROPERTY TRUST 2166320 109.16 8,986 980,911.76
0.65 SKX SKECHERS USA INC-CL A 2428042 70.09 11,173 783,115.57
0.61 VFC VF CORP 2928683 22.79 32,528 741,313.12
0.61 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 8.86 83,567 740,403.62
0.61 PLNT PLANET FITNESS INC - CL A BYSFJV8 101.43 7,293 739,728.99
0.57 MTCH MATCH GROUP INC BK80XH9 30.81 22,485 692,762.85
0.51 VSCO VICTORIA'S SECRET & CO BNNTGH3 37.58 16,476 619,168.08
0.49 AN AUTONATION INC 2732635 170.83 3,491 596,367.53
0.48 LRN STRIDE INC BLD5321 111.13 5,192 576,986.96
0.47 LC LENDINGCLUB CORP BK95GR4 14.94 37,886 566,016.84
0.45 HIMS HIMS & HERS HEALTH INC BN46048 25.41 21,411 544,053.51
0.43 ETSY ETSY INC BWTN5N1 52.57 9,931 522,072.67
0.42 VMEO VIMEO INC BNDYF15 6.08 84,104 511,352.32
0.42 LTH LIFE TIME GROUP BPH0546 23.61 21,380 504,781.80
0.41 SLM SLM CORP 2101967 26.95 18,452 497,281.40
0.40 CARG CARGURUS INC BF5D6S8 35.56 13,581 482,940.36
0.40 ZG ZILLOW GROUP INC - A BVYJBR3 68.38 7,008 479,207.04
0.38 PRDO PERDOCEO EDUCATION CORP BKRQQR9 25.87 17,777 459,890.99
0.35 LYFT LYFT INC-A BJT1RW7 12.98 32,770 425,354.60
0.34 COLM COLUMBIA SPORTSWEAR CO 2229126 82.57 5,000 412,850.00
0.32 UAA UNDER ARMOUR INC-CLASS A B0PZN11 8.21 46,890 384,966.90
0.32 LAUR LAUREATE EDUCATION INC BYMYT66 18.04 21,208 382,592.32
0.30 GHC GRAHAM HOLDING-B BGM1B98 854.34 422 360,531.48
0.29 W WAYFAIR INC- CLASS A BQXZP64 44.10 7,953 350,727.30
0.29 IRT INDEPENDENCE REA BCRYTK1 18.23 19,130 348,739.90
0.28 NNI NELNET INC-CL A 2196190 102.92 3,309 340,562.28
0.26 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 14.95 20,905 312,529.75
0.26 CARS CARS.COM INC BYXHTC0 16.83 18,494 311,254.02
0.25 CSR CENTERSPACE BN47P80 60.29 5,098 307,358.42
0.25 YELP YELP INC B7KCD72 38.43 7,754 297,986.22
0.23 STRA STRATEGIC EDUCATION INC BGGJFV8 91.50 3,077 281,545.50
0.21 CAR AVIS BUDGET GROUP INC B1CL8J2 84.56 2,952 249,621.12
0.20 ACCD ACCOLADE INC BMB3JJ3 6.83 35,885 245,094.55
0.19 CPRI CAPRI HOLDINGS LTD BJ1N1M9 23.71 9,721 230,484.91
0.19 ANGI ANGI INC BF4VWH4 1.56 144,707 225,742.92
0.18 CRI CARTER'S INC 2980939 51.77 4,156 215,156.12
0.17 DBI DESIGNER BRAND-A BJ9J282 5.81 35,874 208,427.94
0.16 COUR COURSERA INC BNSNZL7 8.32 23,650 196,768.00
0.15 ZIP ZIPRECRUITER INC-A BMGH6N3 6.76 27,434 185,453.84
0.14 TRIP TRIPADVISOR INC B6ZC3N6 14.20 11,513 163,484.60
0.08 OTHER PAYABLE & RECEIVABLES 1.00 90,775 90,774.82
0.06 CHGG CHEGG INC BG6N6K6 1.79 41,777 74,780.83
0.04 CASH 1.00 52,927 52,927.43
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 12/31/24

Sector Weight (%)
Consumer Discretionary 42.2
Communication Services 22.7
Financials 9.8
Information Technology 9.4
Real Estate 8.2
Consumer Staples 4.1
Industrials 3.0
Health Care 0.5
Other 0.1

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Media & Entertainment 22.7
Consumer Services 18.0
Consumer Discretionary Distribution & Retail 16.2
Financial Services 9.0
Consumer Durables & Apparel 8.1
Equity Real Estate Investment Trusts (REITs) 7.8
Software & Services 5.8
Consumer Staples Distribution & Retail 4.1
Technology Hardware & Equipment 3.7
Transportation 2.6
Consumer Staples Distribution 0.8
Other 1.2

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 01/10/25

Return on Equity 17.70%
Weighted Avg. Market Cap 451,082 M
2023 2024
Price-to-earnings 34.46 29.35
Price-to-book value 5.60 4.86

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 12/31/24

Versus Beta
S&P 500 1.33
NASDAQ-100 1.01
MSCI EAFE 1.17
MSCI Emg. Mkts 0.96
Standard Deviation 25.10%

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.