MILN

Global X Millennials Thematic

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.


3.5%

ALTAR Score™
Trend in ALTAR Score™
Percentile: 15th

AVOID

Recommendation
Fund Basics
Fund sponsorGlobal X
CategoryUS Equities
Asset classEquity
Websitelink...
Inception dateMay 04, 2016
Assets (mns)$35
Expense ratio50 bp
CurrencyUSD
Constituent Breakdown
No. of constituents73
Herfindahl-Hirschman Index 219
Wgt avg mkt cap (mns)$125,836
Large cap (>$10bn)78.8%
Mid cap ($2-10bn)17.6%
Small cap (<$2bn)3.6%
Developed mkts.100.0%
Emerging mkts.0.0%
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionProprietary
WeightingMarket Cap
Smart-betaYes
Derivatives-basedNo
Options availableNo
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
INTUIT INC 3.7 %
PAYPAL HOLDINGS INC 3.2 %
NIKE INC -CL B 3.2 %
COSTCO WHOLESALE CORP 3.2 %
EQUITY RESIDENTIAL 3.1 %
FISERV INC 3.1 %
AVALONBAY COMMUNITIES INC 3.0 %
STARBUCKS CORP 3.0 %
NETFLIX INC 2.9 %
AMAZON.COM INC 2.9 %
Sector Breakdown
Country Exposure
UNITED STATES 93.4 %
CANADA 2.2 %
HONG KONG 0.9 %
Historical Performance


Standardized Annual Returns (as of 02/28/2019)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
17.0% 14.3% 19.2% 0.0% 0.0% 0.0% 17.3%
Market Correlations
versus...BetaR-squared
S&P 5001.0273%
MSCI EAFE0.8244%
MSCI Emg Mkts0.4823%
Liquidity Measures
Avg. volume (000)12
Turnover0.8%
Avg. Bid/Ask (% of price)0.34%
ADV of underlying (mns)$41,857
Technical Indicators
Recent close$23.36
30d moving avg.$22.90
Annualized volatility13.3%
Relative strength (RSI)63
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Total Cost of Ownership Detail
  MILN Difference
Fund expenses -- --
Bid/Ask spread -- --
Round-trip commission -- -- --
Total Cost of Ownership -- -- --

Total Cost of Ownership over Time


Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

Alternative ETFs
Ticker Fund Name Overlap
vs. MILN
Expenses
vs. MILN
ALTAR Score™
vs. MILN
PXLG Invesco Fundamental Pure Large Growth 27.7% -11 bp +1.2%
XNTK SPDR NYSE Technology 27.6% -15 bp +1.9%
IEDI iShares Evolved U.S. Discretionary Spending 27.0% -32 bp +1.8%
JHMC John Hancock Multifactor Consumer Discretionary 25.1% -10 bp +3.2%
FDN First Trust DJ Internet 24.8% +3 bp -1.0%
GENY Principal Millennials Index 24.8% -5 bp +1.4%
IYC iShares DJ US Consumer Services 24.2% -7 bp +1.4%
FDIS Fidelity Consumer Discrettionary 23.6% -42 bp +1.9%
VCR Vanguard Consumer Discretionary ETF 23.5% -40 bp +1.9%
PNQI Invesco Nasdaq Internet 23.4% +10 bp -0.6%
MGK Vanguard Mega Cap 300 Growth 23.0% -43 bp +1.7%
IBUY Amplify Online Retail 22.8% +15 bp -1.9%
VALQ American Century STOXX U.S. Quality Value 22.8% -21 bp +0.4%
IWY iShares Russell Top 200 Growth 22.5% -30 bp +1.9%
XLY Consumer Discretionary Select Sector SPDR 22.4% -37 bp +2.0%
VUG Vanguard Growth ETF 22.4% -45 bp +1.6%
XWEB SPDR S&P Internet 22.0% -15 bp -2.2%
PEZ Invesco DWA Consumer Discretionary Momentum 21.9% +10 bp -0.8%
SCHG Schwab U.S. Large-Cap Growth 21.3% -46 bp +1.8%
QYLD Global X NASDAQ 100 Covered Call ETF 21.2% +10 bp +1.5%

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Results & Estimates
  2014 2015 2016 2017 2018 2019E 2020E  
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

Content on this tab for Individual & Professional subscribers only

Valuation Metrics
  2018 2019E 2020E
Price-to-sales --x --x --x
Price-to-earnings --x --x --x
Price-to-cash flow --x --x --x
Price-to-growth --x --x --x
Price-to-book value --x --x --x
Yield --% --% --%

Some content on this tab for Individual & Professional subscribers only

ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

MILN

3.5%

Cat. Avg

5.8%

Fund Category: US Equities

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™3.5%
Recommendation

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 not be relevant.

Category Overview
There are 658 funds in the US Equities category, with an average ALTAR Score™ of 5.8% and a standard deviation of 2.2%. MILN's ALTAR Score™ is approximately 1.1 standard deviations below the category average. This places MILN in the 15th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Breakdown
Composite
MILN
Peer Average
SELL
U/W
HOLD
O/W
BUY



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Today's Trading

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Where to Trade MILN
Commission
on MILN1
# of Commission
-free ETFs2
 
$0.00 2,326
$0.00 2,102
$0.00 500
$1.00 54
$4.95 357
$4.95 114
$6.95 308
$6.95 291
Notes: 1. Commission of $0.00 indicates the fund is on the firm's recently published "Commission Free" list. Non-zero commissions represent each firm's standard commission rate based on our periodic review of firms' websites. Your commission may vary depending on account type and other factors. "Commission Free" ETF trades may be subject to additional requirements including minimum holding periods. 2. Not a complete list. Subject to change.
Portfolio composition files licensed from DTCC. Fundamental data for individual fund constituents sourced from FactSet Research Systems.