Model Portfolios | Institutional | News | Contact

MILN

Millennial Consumer ETF

Reasons to Consider MILN

High Growth Potential

Millennials have surpassed Baby Boomers as the largest generation in the US.1 With most of their prime earning years ahead, companies that cater to Millennials should be well positioned for growth.

Invest in US Consumers

The US economy is consumer-driven, with private consumption accounting for more than two-thirds of nominal GDP.2

Unconstrained Approach

The most innovative US companies often defy sector categorization. MILN invests accordingly across a wide range of consumer-driven businesses.

1Statista, Jun 2021
2FRED, Jan 2022

Key Information As of 11/22/23

Inception Date 05/04/16
Total Expense Ratio 0.50%
Net Assets $105.03 million
NAV $32.62
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 11/22/23

Ticker MILN
Bloomberg Index Ticker IMILN
CUSIP 37954Y764
ISIN US37954Y7647
Primary Exchange Nasdaq
Shares Outstanding 3,220,000
Number of Holdings 81
30-Day Median Bid-Ask Spread 0.29%

Distributions As of 11/22/23

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

ETF Prices As of 11/22/23

NAV $32.62 Daily Change $0.29 0.90%
Market Price $32.59 Daily Change $0.28 0.87%

Performance History

As of recent
(09/30/23)
As of recent
(09/30/23)
Fund NAV Market Price Index
1 Year 18.51% 18.90% 19.11%
3 Years -0.68% -0.64% -0.20%
5 Years 5.38% 5.41% 5.90%
Since Inception 10.44% 10.41% 10.95%
1 Year 9.48% 9.17% 9.97%
3 Years -1.40% -1.39% -0.94%
5 Years 6.42% 6.39% 6.95%
Since Inception 9.73% 9.66% 10.23%
Year-to-Date 16.24% 16.53% 16.64%
1 Month -5.36% -5.32% -5.33%
3 Months -4.80% -4.55% -4.68%
Since Inception 108.70% 108.28% 116.05%
Year-to-Date 11.69% 11.66% 12.07%
1 Month -3.92% -4.18% -3.92%
3 Months -13.92% -14.12% -13.86%
Since Inception 100.52% 99.58% 107.57%

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 11/24/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.99 UBER UBER TECHNOLOGIES INC BK6N347 55.32 94,431 5,223,922.92
4.35 META META PLATFORMS INC B7TL820 338.23 13,473 4,556,972.79
4.06 AMZN AMAZON.COM INC 2000019 146.74 28,994 4,254,579.56
3.93 NFLX NETFLIX INC 2857817 479.56 8,575 4,112,227.00
3.67 CMG CHIPOTLE MEXICAN B0X7DZ3 2,219.67 1,729 3,837,809.43
3.62 INTU INTUIT INC 2459020 564.07 6,720 3,790,550.40
3.61 GOOGL ALPHABET INC-CL A BYVY8G0 136.69 27,636 3,777,564.84
3.37 COST COSTCO WHOLESALE CORP 2701271 591.36 5,962 3,525,688.32
3.36 LULU LULULEMON ATHLETICA INC B23FN39 431.76 8,149 3,518,412.24
3.36 BKNG BOOKING HOLDINGS INC BDRXDB4 3,115.59 1,128 3,514,385.52
3.25 AAPL APPLE INC 2046251 189.97 17,932 3,406,542.04
3.19 ABNB AIRBNB INC-CLASS A BMGYYH4 128.37 26,055 3,344,680.35
3.08 FI FISERV INC 2342034 125.80 25,656 3,227,524.80
3.02 HD HOME DEPOT INC 2434209 310.70 10,162 3,157,333.40
2.85 SPOT SPOTIFY TECHNOLOGY SA BFZ1K46 181.70 16,436 2,986,421.20
2.80 LOW LOWE'S COS INC 2536763 199.07 14,736 2,933,495.52
2.72 SBUX STARBUCKS CORP 2842255 102.78 27,750 2,852,145.00
2.70 DIS WALT DISNEY CO/THE 2270726 96.06 29,441 2,828,102.46
2.62 SQ BLOCK INC BYNZGK1 59.65 45,987 2,743,124.55
2.41 NKE NIKE INC -CL B 2640147 107.64 23,483 2,527,710.12
2.09 PYPL PAYPAL HOLDINGS INC BYW36M8 55.76 39,314 2,192,148.64
1.97 AVB AVALONBAY COMMUNITIES INC 2131179 173.37 11,897 2,062,582.89
1.81 EBAY EBAY INC 2293819 41.48 45,651 1,893,603.48
1.75 EQR EQUITY RESIDENTIAL 2319157 56.83 32,193 1,829,528.19
1.66 INVH INVITATION HOMES INC BD81GW9 33.36 51,988 1,734,319.68
1.64 EXPE EXPEDIA GROUP INC B748CK2 136.42 12,570 1,714,799.40
1.35 SNAP SNAP INC - A BD8DJ71 12.52 112,849 1,412,869.48
1.23 SE SEA LTD-ADR BYWD7L4 36.38 35,357 1,286,287.66
0.95 CVNA CARVANA CO BYQHPG3 31.41 31,684 995,194.44
0.89 UDR UDR INC 2727910 33.35 27,989 933,433.15
0.82 KMX CARMAX INC 2983563 64.16 13,436 862,053.76
0.77 CPT CAMDEN PROPERTY TRUST 2166320 88.73 9,073 805,047.29
0.73 ETSY ETSY INC BWTN5N1 71.82 10,599 761,220.18
0.73 MTCH MATCH GROUP INC BK80XH9 32.03 23,751 760,744.53
0.62 DKS DICK'S SPORTING GOODS INC 2969637 123.28 5,277 650,548.56
0.61 SKX SKECHERS USA INC-CL A 2428042 56.01 11,433 640,362.33
0.60 CAR AVIS BUDGET GROUP INC B1CL8J2 185.64 3,357 623,193.48
0.52 VFC VF CORP 2928683 16.59 33,047 548,249.73
0.51 AN AUTONATION INC 2732635 135.05 3,988 538,579.40
0.50 CPRI CAPRI HOLDINGS LTD BJ1N1M9 49.25 10,690 526,482.50
0.49 COUR COURSERA INC BNSNZL7 19.61 26,391 517,527.51
0.45 PLNT PLANET FITNESS INC - CL A BYSFJV8 65.51 7,216 472,720.16
0.43 LRN STRIDE INC BLD5321 58.12 7,693 447,117.16
0.42 YELP YELP INC B7KCD72 45.31 9,658 437,603.98
0.40 W WAYFAIR INC- CLASS A BQXZP64 49.11 8,454 415,175.94
0.38 COLM COLUMBIA SPORTSWEAR CO 2229126 75.43 5,288 398,873.84
0.37 PRDO PERDOCEO EDUCATION CORP BKRQQR9 17.53 21,798 382,118.94
0.35 SFM SPROUTS FARMERS BCGCR79 42.00 8,764 368,088.00
0.35 DBI DESIGNER BRAND-A BJ9J282 10.75 33,854 363,930.50
0.33 CARG CARGURUS INC BF5D6S8 21.32 16,412 349,903.84
0.32 PWSC POWERSCHOOL HLDG BMGTPK9 22.73 14,823 336,926.79
0.32 LAUR LAUREATE EDUCATION INC BYMYT66 13.32 24,948 332,307.36
0.31 LYFT LYFT INC-A BJT1RW7 10.27 31,416 322,642.32
0.30 SLM SLM CORP 2101967 14.38 21,592 310,492.96
0.29 TRIP TRIPADVISOR INC B6ZC3N6 18.92 16,118 304,952.56
0.29 GHC GRAHAM HOLDING-B BGM1B98 625.96 483 302,338.68
0.29 VMEO VIMEO INC BNDYF15 3.65 82,469 301,011.85
0.28 ANGI ANGI INC BF4VWH4 2.15 138,088 296,889.20
0.28 CSR CENTERSPACE BN47P80 54.18 5,382 291,596.76
0.27 CARS CARS.COM INC BYXHTC0 19.10 14,920 284,972.00
0.27 STRA STRATEGIC EDUCATION INC BGGJFV8 90.26 3,141 283,506.66
0.27 AVTA AVANTAX INC B8L2DV2 26.00 10,871 282,646.00
0.27 CRI CARTER'S INC 2980939 66.95 4,211 281,926.45
0.27 NNI NELNET INC-CL A 2196190 85.53 3,274 280,025.22
0.25 LTH LIFE TIME GROUP BPH0546 15.30 17,132 262,119.60
0.25 IRT INDEPENDENCE REA BCRYTK1 13.48 19,075 257,131.00
0.24 ZG ZILLOW GROUP INC - A BVYJBR3 38.62 6,607 255,162.34
0.23 UAA UNDER ARMOUR INC-CLASS A B0PZN11 7.68 31,231 239,854.08
0.22 HIMS HIMS & HERS HEALTH INC BN46048 8.22 28,393 233,390.46
0.21 LC LENDINGCLUB CORP BK95GR4 5.61 39,497 221,578.17
0.21 GPRO GOPRO INC-CLASS A BMNQC35 3.61 59,769 215,766.09
0.20 ZIP ZIPRECRUITER INC-A BMGH6N3 12.80 16,461 210,700.80
0.19 IHRT IHEARTMEDIA INC - CLASS A BJVR9Y9 2.78 72,963 202,837.14
0.18 MED MEDIFAST INC 2934033 66.21 2,902 192,141.42
0.18 PLCE CHILDREN'S PLACE INC/THE 2106791 20.15 9,487 191,163.05
0.18 VSCO VICTORIA'S SECRET & CO BNNTGH3 21.21 8,734 185,248.14
0.15 CHGG CHEGG INC BG6N6K6 10.15 15,852 160,897.80
0.15 AMWL AMERICAN WELL -A BN0SDK5 1.20 130,190 156,228.00
0.15 ACCD ACCOLADE INC BMB3JJ3 8.13 19,211 156,185.43
0.14 PTON PELOTON INTERACTIVE INC-A BJ7WJS2 5.27 28,167 148,440.09
0.10 CASH 1.00 107,221 107,221.37
0.06 TWOU 2U INC BKWBZZ0 1.21 52,196 63,157.16
-0.01 OTHER PAYABLE & RECEIVABLES 1.00 -8,250 -8,249.62
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 10/31/23

Sector Weight (%)
Consumer Discretionary 43.4
Communication Services 23.0
Information Technology 9.1
Real Estate 8.2
Financials 6.4
Industrials 5.3
Consumer Staples 4.1
Health Care 0.5

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Internet Software/Services 20.8
Other Consumer Services 12.2
Packaged Software 8.7
Real Estate Investment Trusts 8.0
Specialty Stores 6.5
Restaurants 6.4
Home Improvement Chains 6.1
Data Processing Services 5.8
Apparel/Footwear Retail 5.2
Internet Retail 4.5
Apparel/Footwear 4.4
Other 11.4

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 11/22/23

Return on Equity 15.30%
Weighted Avg. Market Cap 316,664 M
2022 2023
Price-to-earnings 56.50 31.58
Price-to-book value 4.93 4.76

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 10/31/23

Versus Beta
S&P 500 1.23
NASDAQ-100 0.96
MSCI EAFE 1.12
MSCI Emg. Mkts 0.95
Standard Deviation 24.30%

Source: new windowAltaVista Research, LLC

ETF Research

Global X ETFs Survey: Beyond Baby Boomers

Read the Full ArticleRead More

Mapping Millennial Spending

Read the Full ArticleRead More

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.