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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 05/13/24

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $117.43 million
NAV $38.13
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 05/13/24

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,080,000
Number of Holdings 78
30-Day Median Bid-Ask Spread 0.26%

Distributions As of 05/13/24

30-Day SEC Yield 0.33%
Distribution Frequency Semi-Annually

ETF Prices As of 05/13/24

NAV $38.13 Daily Change -$0.02 -0.05%
Market Price $38.15 Daily Change $0.03 0.08%

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 24.32% 24.14% 24.94%
3 Years -3.33% -3.41% -2.88%
5 Years 8.90% 8.88% 9.44%
Since Inception 12.59% 12.52% 13.11%
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 5.50% 5.44% 5.67%
1 Month -4.32% -4.40% -4.27%
3 Months 5.83% 5.86% 5.97%
Since Inception 157.97% 156.83% 167.79%

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 05/13/24

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.23 CMG CHIPOTLE MEXICAN B0X7DZ3 3,195.40 1,186 3,789,744.40
3.22 AAPL APPLE INC 2046251 186.28 20,274 3,776,640.72
3.21 GOOGL ALPHABET INC-CL A BYVY8G0 169.14 22,261 3,765,225.54
3.20 COST COSTCO WHOLESALE CORP 2701271 775.15 4,845 3,755,601.75
3.11 BKNG BOOKING HOLDINGS INC BDRXDB4 3,745.00 976 3,655,120.00
3.05 NKE NIKE INC -CL B 2640147 92.72 38,574 3,576,581.28
3.02 INTU INTUIT INC 2459020 627.19 5,655 3,546,759.45
3.02 FI FISERV INC 2342034 153.22 23,107 3,540,454.54
3.00 LULU LULULEMON ATHLETICA INC B23FN39 347.16 10,142 3,520,896.72
2.99 LOW LOWE'S COS INC 2536763 232.98 15,074 3,511,940.52
2.98 AMZN AMAZON.COM INC 2000019 186.57 18,772 3,502,292.04
2.97 HD HOME DEPOT INC 2434209 340.96 10,217 3,483,588.32
2.96 NFLX NETFLIX INC 2857817 616.59 5,645 3,480,650.55
2.94 PYPL PAYPAL HOLDINGS INC BYW36M8 63.95 53,932 3,448,951.40
2.88 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 289.71 11,690 3,386,709.90
2.73 DIS WALT DISNEY CO/THE 2270726 105.83 30,292 3,205,802.36
2.73 SE SEA LTD-ADR BYWD7L4 64.46 49,640 3,199,794.40
2.72 ABNB AIRBNB INC-CLASS A BMGYYH4 149.13 21,453 3,199,285.89
2.70 META META PLATFORMS INC B7TL820 468.01 6,784 3,174,979.84
2.68 SBUX STARBUCKS CORP 2842255 76.18 41,313 3,147,224.34
2.63 SQ BLOCK INC BYNZGK1 69.74 44,323 3,091,086.02
2.62 UBER UBER TECHNOLOGIES INC BK6N347 66.02 46,582 3,075,343.64
2.50 DASH DOORDASH INC - A BN13P03 116.51 25,177 2,933,372.27
2.27 AVB AVALONBAY COMMUNITIES INC 2131179 196.99 13,525 2,664,289.75
2.18 EBAY EBAY INC 2293819 51.99 49,325 2,564,406.75
2.06 EQR EQUITY RESIDENTIAL 2319157 66.75 36,260 2,420,355.00
1.79 SNAP SNAP INC - A BD8DJ71 15.76 133,353 2,101,643.28
1.73 INVH INVITATION HOMES INC BD81GW9 34.75 58,456 2,031,346.00
1.20 EXPE EXPEDIA GROUP INC B748CK2 112.67 12,487 1,406,910.29
1.10 CVNA CARVANA CO BYQHPG3 116.90 11,016 1,287,770.40
1.05 UDR UDR INC 2727910 39.12 31,423 1,229,267.76
0.96 KMX CARMAX INC 2983563 74.90 15,070 1,128,743.00
0.93 CPT CAMDEN PROPERTY TRUST 2166320 106.74 10,207 1,089,495.18
0.92 DKS DICK'S SPORTING GOODS INC 2969637 194.31 5,586 1,085,415.66
0.75 CART MAPLEBEAR INC BN4L6W3 34.75 25,423 883,449.25
0.74 SKX SKECHERS USA INC-CL A 2428042 68.24 12,690 865,965.60
0.66 MTCH MATCH GROUP INC BK80XH9 30.96 25,195 780,037.20
0.63 SFM SPROUTS FARMERS BCGCR79 76.09 9,646 733,964.14
0.60 ETSY ETSY INC BWTN5N1 62.51 11,243 702,799.93
0.57 AN AUTONATION INC 2732635 168.81 3,972 670,513.32
0.56 SOFI SOFI TECHNOLOGIES INC BM8J4C2 7.11 93,102 661,955.22
0.55 W WAYFAIR INC- CLASS A BQXZP64 71.37 8,962 639,617.94
0.54 LYFT LYFT INC-A BJT1RW7 17.08 37,284 636,810.72
0.46 PLNT PLANET FITNESS INC - CL A BYSFJV8 65.56 8,292 543,623.52
0.41 PRDO PERDOCEO EDUCATION CORP BKRQQR9 23.87 20,219 482,627.53
0.40 VFC VF CORP 2928683 12.82 37,005 474,404.10
0.40 COLM COLUMBIA SPORTSWEAR CO 2229126 84.77 5,593 474,118.61
0.38 SLM SLM CORP 2101967 21.49 20,968 450,602.32
0.36 STRA STRATEGIC EDUCATION INC BGGJFV8 120.66 3,521 424,843.86
0.36 LRN STRIDE INC BLD5321 70.67 5,895 416,599.65
0.35 CAR AVIS BUDGET GROUP INC B1CL8J2 123.54 3,359 414,970.86
0.35 VSCO VICTORIA'S SECRET & CO BNNTGH3 21.64 18,733 405,382.12
0.34 ANGI ANGI INC BF4VWH4 2.43 164,613 400,009.59
0.34 LC LENDINGCLUB CORP BK95GR4 9.17 43,507 398,959.19
0.34 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 4.19 95,074 398,360.06
0.34 CSR CENTERSPACE BN47P80 69.90 5,683 397,241.70
0.34 CPRI CAPRI HOLDINGS LTD BJ1N1M9 35.76 11,053 395,255.28
0.33 LAUR LAUREATE EDUCATION INC BYMYT66 16.14 24,131 389,474.34
0.33 NNI NELNET INC-CL A 2196190 103.26 3,753 387,534.78
0.33 VMEO VIMEO INC BNDYF15 4.05 95,685 387,524.25
0.33 DBI DESIGNER BRAND-A BJ9J282 9.44 40,795 385,104.80
0.32 CARS CARS.COM INC BYXHTC0 17.81 21,047 374,847.07
0.32 CARG CARGURUS INC BF5D6S8 24.05 15,468 372,005.40
0.31 IRT INDEPENDENCE REA BCRYTK1 16.86 21,757 366,823.02
0.31 GHC GRAHAM HOLDING-B BGM1B98 761.19 480 365,371.20
0.31 UAA UNDER ARMOUR INC-CLASS A B0PZN11 6.78 53,328 361,563.84
0.31 LTH LIFE TIME GROUP BPH0546 14.72 24,314 357,902.08
0.29 CRI CARTER'S INC 2980939 71.14 4,748 337,772.72
0.29 ZG ZILLOW GROUP INC - A BVYJBR3 42.20 7,970 336,334.00
0.29 YELP YELP INC B7KCD72 37.97 8,827 335,161.19
0.27 HIMS HIMS & HERS HEALTH INC BN46048 12.89 24,225 312,260.25
0.26 PWSC POWERSCHOOL HLDG BMGTPK9 17.94 17,077 306,361.38
0.26 ZIP ZIPRECRUITER INC-A BMGH6N3 9.81 31,208 306,150.48
0.25 ACCD ACCOLADE INC BMB3JJ3 7.21 40,806 294,211.26
0.21 TRIP TRIPADVISOR INC B6ZC3N6 18.64 13,104 244,258.56
0.20 COUR COURSERA INC BNSNZL7 8.69 26,906 233,813.14
0.19 XPOF XPONENTIAL FITNESS INC-A BP0TJN7 9.44 23,791 224,587.04
0.19 CHGG CHEGG INC BG6N6K6 4.57 47,512 217,129.84
0.10 CASH 1.00 118,873 118,872.54
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -15,769 -15,769.35
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

Sector Weight (%)
Consumer Discretionary 44.6
Communication Services 21.3
Information Technology 9.2
Real Estate 8.8
Financials 8.5
Consumer Staples 3.6
Industrials 3.5
Health Care 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 22.6
Other Consumer Services 11.0
Real Estate Investment Trusts 9.1
Packaged Software 7.0
Restaurants 6.9
Specialty Stores 6.7
Home Improvement Chains 6.4
Apparel/Footwear 5.3
Apparel/Footwear Retail 4.7
Data Processing Services 3.6
Internet Retail 3.5
Other 13.2

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 05/13/24

Return on Equity 18.10%
Weighted Avg. Market Cap 323,910 M
2023 2024
Price-to-earnings 29.73 25.04
Price-to-book value 4.88 4.22

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 04/30/24

Versus Beta
S&P 500 1.27
NASDAQ-100 0.99
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.