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Launched · SEC filings

Global X Millennial Consumer ETF

MILNNasdaqGlobal XB

$44.56+0.82 (+1.88%)

At close: Nov 2, 2026, 4:00 PM ET

B67/ 100

Rank 1 of 10 in Consumer Lifestyle

B67/100Rank 1 of 10inConsumer Lifestyle
Intraday session: up, 79 prints from 43.73 to 44.56. Range 44.13 to 44.85. Use the arrow keys to read each point.44.0044.2544.7510 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$89M
1Y total return
−5.5%
Yield · Last 12 months
0.31%
Holdings
81
Avg volume · 30D
7.31K sh
52W range
low $39.23high $49.09
Launched
Filings
SEC EDGAR

The ETF.net MILN Grade

B

Score 67 out of 100

Category
Consumer Lifestyle⁠
Rank
1 of 10
Six-pillar profile for MILN. Scores out of 100: Cost 70, Risk 41, Mission 80, Tradability 75, Holdings 83, Durability 81. Strongest: Holdings (83). Weakest: Risk (41). No single pillar leads.

Score 67 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A70 out of 100
    Rank 3 of 10

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A80 out of 100
    No data

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C41 out of 100
    Rank 9 of 10

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A75 out of 100
    Rank 2 of 10

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A83 out of 100
    Rank 2 of 9

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 2 of 10

Our read on MILN

ETF.net Research

In short

BA bet on how a whole generation spends, not on one sector. Since 2016 it has tracked an index of about 80 US companies built around Millennial wallets, an early take on generational themes that costs less than the typical fund in its niche.

Stated mandate

The fund seeks exposure to companies positioned to benefit from the increasing spending power and distinct consumption preferences of U.S. Millennials.

Why people hold it

  • Charges 0.50% a year, under the 0.65% median for its consumer-lifestyle peer group. Modest for a single-theme fund.globalxetfs.com
  • Follows a published rulebook, the Indxx Millennials Thematic Index, so holdings answer to the stated mandate rather than a manager's mood.globalxetfs.com
  • The portfolio matches what the label promises: US companies tied to Millennial spending power and tastes, spread across roughly 80 names instead of a two-stock wager.globalxetfs.com
  • Top-quartile standing in a consumer-lifestyle cohort that includes PAWZ, EMC and LOGO, and it undercuts EMC and LOGO on fees.

Worth knowing

  • Trades thinly. Spreads can run wider than on a mega-cap index fund, so order size and limit prices matter more here.
  • One theme, one country. Roughly 80 US consumer stocks tied to a single spending story can move further, up or down, than a broad market fund.
  • Distributions arrive once or twice a year at most. Income is not what this structure is built around.

MILN Performance

Launched May 4, 2016

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

MILN$9,454
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. MILN $9,454. SPY $11,146. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for MILN. Periods over one year show the average yearly return.
PeriodMILN
Year to date−5.0%
1 month+5.5%
3 months−1.0%
1 year−5.5%
3 yearsper year+14.4%
5 yearsper year0.0%
10 yearsper year+11.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for MILN
YearReturn barMILN
2026 YTD−5.0%
2025+4.6%
2024+27.1%
2023+36.3%
2022−38.6%
2021+14.0%
2020+44.8%

MILN in the news

MILN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
0.31%Last 12 months
Payout per share
$0.14Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 15 payments from 2017 to 2026 YTD. Dec 28, 2017 $0.17; Dec 28, 2018 $0.09; Jun 27, 2019 $0.02; Dec 30, 2019 $0.09; Jun 29, 2020 $0.02; Dec 30, 2020 $0.06; Dec 30, 2021 $0.07; Dec 29, 2022 $0.06; Jun 29, 2023 $0.0042; Dec 28, 2023 $0.11; Jun 27, 2024 $0.02; Dec 30, 2024 $0.09; Jun 27, 2025 $0.02; Dec 30, 2025 $0.10; Jun 29, 2026 $0.04. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 2, 2026$0.04
Dec 30, 2025Jan 7, 2026$0.10
Jun 27, 2025Jul 7, 2025$0.02
Dec 30, 2024Jan 7, 2025$0.09
Jun 27, 2024Jul 5, 2024$0.02
Dec 28, 2023Jan 8, 2024$0.11
Jun 29, 2023Jul 10, 2023$0.0042
Dec 29, 2022Jan 9, 2023$0.06
Dec 30, 2021Jan 7, 2022$0.07
Dec 30, 2020Jan 8, 2021$0.06
Jun 29, 2020Jul 8, 2020$0.02
Dec 30, 2019Jan 8, 2020$0.09

See all 16 payments⁠

$10,000 in MILN 10 years ago paid $659 in dividends.⁠

MILN Risk

Risk pillarC41 out of 100Rank 9 of 10 in Consumer Lifestyle
How much the fund’s monthly returns vary, scaled to a year.
17.7%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.62
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−44.4%
Trough Nov 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.15
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

MILN Cost

Compare MILN and BREW

Overpaying vs BREW, tied cheapest in Consumer Lifestyle

$2,853

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • MILN 0.50%

    $9,979

  • BREW 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • MILN 0.50%
  • BREW 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530MILN $9,979BREW $7,126

Year by year

YearMILNBREWOverpaying
10$900$634$266
20$3,460$2,454$1,006
30$9,979$7,126$2,853

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