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 sponsorGlobal X
CategoryUS
Asset classEquity
Websitelink...
Inception dateMay 04, 2016
Assets (mns)$118
Expense ratio50 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings78
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)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
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...BetaR-squared
S&P 5001.2785%
MSCI EAFE1.2073%
MSCI Emg Mkts1.0251%
Liquidity Measures
Avg. volume (000)6
Turnover0.2%
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 volatility24.7%
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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Risk and Returns: MILN vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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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 --%
2.5 24.8 4.1 0.8% --
Based on closing prices from 10/4/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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

MILN
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
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 .