Key stats
About GLOBAL X FDS MILLENNIAL CONSUMER ETF
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Inception date
May 4, 2016
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
MILN invests in companies that are determined to have significant exposure with the millennial generation's spending habits. The index uses a proprietary fundamental research process to determine which spending categories are relevant to millennials. These categories include clothing, entertainment, travel, food, education, financial services, housing, and health. The portfolio will have a maximum of 15 stocks, a minimum of five are selected for each spending category. US companies with relevant exposure to these categories are scored by the level of their exposure. Firms determined to have significant exposure to the stated spending categories are then scored by a proprietary scale that determines which companies have a higher focus on millennials. These selected companies are weighted by market cap, with a maximum of 3% and a minimum of .3% for any given holding. The index undergoes annual reconstitution and rebalance.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Retail Trade
Technology Services
Consumer Services
Stocks99.91%
Retail Trade25.78%
Technology Services19.80%
Consumer Services19.20%
Finance9.75%
Commercial Services7.55%
Transportation7.40%
Consumer Non-Durables6.87%
Electronic Technology2.98%
Health Services0.58%
Bonds, Cash & Other0.09%
Cash0.09%
Stock breakdown by region
North America93.01%
Europe3.50%
Asia3.49%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history