MILN
Global X Millennial Consumer ETF
The Global X Millennials Thematic ETF tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials--people born between 1980 and 2000.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
118.1 M
ASSETS UNDER MGMT
50 bp
EXPENSES
Fund Basics
Fund sponsor | Global X |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | May 04, 2016 |
Assets (mns) | $118 |
Expense ratio | 50 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Annually |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
APPLE INC | 3.6 % |
COSTCO WHOLESALE CORP | 3.4 % |
SPOTIFY TECHNOLOGY SA | 3.3 % |
SEA LTD. (SINGAPORE) SPONSORED ADR CLASS | 3.3 % |
PAYPAL HOLDINGS INC | 3.2 % |
FISERV, INC. | 3.2 % |
HOME DEPOT INC | 3.1 % |
BOOKING HOLDINGS INC. | 3.1 % |
STARBUCKS CORP | 3.1 % |
NETFLIX INC | 3.1 % |
Constituent Breakdown
Number of holdings | 78 |
Herfindahl-Hirschman Index | 234 |
Wgt avg mkt cap (mns) | $384,671 |
Large cap (>$10bn) | 86.5% |
Mid cap ($2-10bn) | 8.9% |
Small cap (<$2bn) | 4.5% |
Developed mkts. | 96.7% |
Emerging mkts. | 3.3% |
Country Exposure
UNITED STATES | 92.9 % | |
LUXEMBOURG | 3.4 % | |
SINGAPORE | 3.3 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 15.3% | 34.8% | 26.6% | -1.4% | 10.8% | -- | 13.1% | Volatility | 15.9% | 16.6% | 23.2% | 24.1% | 26.1% | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.27 | 85% |
MSCI EAFE | 1.20 | 73% |
MSCI Emg Mkts | 1.02 | 51% |
Liquidity Measures
Avg. volume (000) | 6 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.30% |
ADV of underlying (mns) | $35,868 |
Technical Indicators
Recent close | $41.87 |
30d moving avg. | $40.30 |
Annualized volatility | 24.7% |
Relative strength (RSI) | 56 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 4.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. MILN |
Expenses vs. MILN |
ALTAR Score™ vs. MILN |
---|---|---|---|---|
PNQI | Invesco NASDAQ Internet ETF | 33.5% | +10 bp | -0.4% |
IYC | iShares U.S. Consumer Discretionary ETF | 31.9% | -10 bp | +0.8% |
ISHP | First Trust Nasdaq Retail ETF | 28.7% | +10 bp | +0.0% |
IBUY | Amplify Online Retail ETF | 27.5% | +15 bp | -1.4% |
IEDI | iShares U.S. Consumer Focused ETF | 26.6% | -32 bp | +2.3% |
FDN | First Trust Dow Jones Internet Index Fund | 25.7% | +2 bp | -0.2% |
FDND | FT Vest Dow Jones Internet & Target Income ETF | 25.7% | +25 bp | -0.4% |
BUZZ | VanEck Social Sentiment ETF | 25.4% | +25 bp | -2.6% |
BUYZ | Franklin Disruptive Commerce ETF | 25.2% | 0 bp | -0.8% |
XNTK | SPDR NYSE Technology ETF | 24.8% | -15 bp | +1.1% |
Risk and Returns: MILN vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 10/4/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
MILN
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
MILN
2.8%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 936 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.4%. MILN's ALTAR Score™ is approximately
1.1 standard deviations
below
the category average. This places MILN in the 13rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
MILNSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Rules-Based US Equity ETFs |
# of ETFs | 609 |
Avg. Expense Ratio | 46.6 bp |
Std. Deviation | 32.9 bp |
MILN (50 bp) Percentile rank | 54 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
MILN | 50.0 | 29.8 | 79.8 |
Peer Avg. | 35.4 | 14.9 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .