MILN: GLOBAL X MILLENNIAL CONSUMER ETF
ETF Education Report: Global X Millennial Consumer ETF (MILN)
What this ETF is trying to do
The Global X Millennial Consumer ETF (ticker: MILN) is an exchange-traded fund that focuses on companies related to millennial consumers. It holds a variety of different stocks in its portfolio. Based on the top holdings provided, these include companies like Airbnb Inc, Sea Ltd ADR, DoorDash Inc, and Apple Inc. Please note that this list is a partial look at the holdings; the ETF actually contains 81 total holdings.
What the numbers show
When looking at an ETF, it is important to understand two different types of returns: price return and total return. Price return only tracks how much the share price moves. Total return includes both the price movement and any cash distributions (dividends) paid out.
Here is how MILN has performed:
• Year-to-Date (YTD): The price return is approximately -8.34%, while the total return is approximately -8.25%.
• One-Year: The price return was approximately -14.83%, and the total return was approximately -14.58%.
• Three-Year: The price return was approximately 36.20%, and the total return was approximately 37.41%.
• Five-Year: The total return was approximately -1.76%.
To give you an idea of the price change, the current price is $43.01. The estimated price from roughly one year ago was $50.51.
Income and distribution explanation
Some investors look for ETFs that pay out cash, known as distributions. MILN has a distribution yield of approximately 0.32%. This means the cash distributed is quite small compared to the ETF's price. The data shows that distributions have been irregular or less frequent, with 2 payouts in the last 12 months. It is important to remember that a distribution yield is not the same as a total return.
NAV erosion explanation
"NAV erosion" is a term used to describe when the value of an ETF's underlying assets declines. StockValueFinder uses an "erosion-risk score" to measure this risk. MILN has an erosion score of 75, which is labeled as "mild price erosion." This is a measurement of risk and does not necessarily mean the fund's value has collapsed. There is no "severe erosion-risk flag" for this ETF.
Pros
• The ETF has shown a strong three-year total return of approximately 37.41%.
• It provides exposure to many well-known companies in the consumer space.
Cons
• The one-year price return and total return have both been negative.
• The distribution yield is relatively low.
Beginner takeaway
When studying MILN, it is helpful to distinguish between the share price and the total return. While the price has declined over the last year, the three-year history shows growth. Always remember that looking at a distribution yield alone does not tell you how much an investment has actually grown or shrunk.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | AIRBNB INC ORDINARY SHARES CLASS A | ABNB | 3.88% |
| 2 | SEA LTD ADR | SE | 3.81% |
| 3 | DOORDASH INC ORDINARY SHARES CLASS A | DASH | 3.72% |
| 4 | APPLE INC | AAPL | 3.48% |
| 5 | CARVANA CO CLASS A | CVNA | 3.28% |
| 6 | AMAZON.COM INC | AMZN | 3.15% |
| 7 | SPOTIFY TECHNOLOGY SA | SPOT | 3.12% |
| 8 | CHIPOTLE MEXICAN GRILL INC | CMG | 3.10% |
| 9 | ALPHABET INC CLASS A | GOOGL | 3.06% |
| 10 | STARBUCKS CORP | SBUX | 3.02% |