{
 "ticker": "MILN",
 "name": "Global X Millennial Consumer ETF",
 "issuer": "Global X",
 "desk": "themes",
 "url": "https://etfiq.com/funds/miln",
 "html": "https://etfiq.com/funds/miln",
 "markdown": "https://etfiq.com/funds/miln.md",
 "as_of": "2026-09-18",
 "verdict": "MILN holds 82 stocks, and 34% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "65.7%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MILN, already in the S&P 500: 65.7%, as of Sep 18, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "84.2%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MILN, active share vs the S&P 500: 84.2%, as of Sep 18, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "33.7%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MILN, top ten holdings: 33.7%, as of Sep 18, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u221214.6%",
   "source": null,
   "as_of": "2026-09-18",
   "sentence": "MILN, total return, 1 year: \u221214.6%, as of Sep 18, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$89m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026",
   "as_of": "2026-09-18",
   "sentence": "MILN, net assets: $89m (the issuer\u2019s own daily fund list, as of Sep 18, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Mar 27, 2026",
   "as_of": "2026-09-18",
   "sentence": "MILN, expense ratio: 0.50% (485BPOS XBRL, Mar 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Millennial and Gen Z consumers",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 6, 2016",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "65.7%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "84.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "33.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "81.3%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "33.7%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "82",
   "source": null
  },
  {
   "key": "holdings_published_for",
   "label": "Holdings published for",
   "value": "Sep 18, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "APPLE INC 3.8%, AIRBNB INC-CLASS A 3.8%, DOORDASH INC - A 3.7%, SEA LTD-ADR 3.5%, ALPHABET INC-CL A 3.3%, AMAZON.COM INC 3.2%, META PLATFORMS INC 3.1%, SPOTIFY TECHNOLOGY SA 3.1%, WALT DISNEY CO/THE 3.1%, EBAY INC 3.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$89m",
   "source": "the issuer\u2019s own daily fund list, as of Sep 18, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221214.9%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.50%",
   "source": "485BPOS XBRL, Mar 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.59%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "PNQI 40%, BUYZ 36%, IBUY 33%, ISHP 24%, FDN 24%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22120.5%",
   "S&P 500": "+2.3%",
   "Gap to S&P 500": "\u22122.7 pts",
   "Gap to Nasdaq-100": "+2.0 pts"
  },
  {
   "window": "6 months",
   "Total return": "+6.2%",
   "S&P 500": "+18.0%",
   "Gap to S&P 500": "\u221211.8 pts",
   "Gap to Nasdaq-100": "\u221218.0 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u221214.6%",
   "S&P 500": "+16.6%",
   "Gap to S&P 500": "\u221231.1 pts",
   "Gap to Nasdaq-100": "\u221236.4 pts"
  },
  {
   "window": "3 years",
   "Total return": "+38.3%",
   "S&P 500": "+78.4%",
   "Gap to S&P 500": "\u221240.1 pts",
   "Gap to Nasdaq-100": "\u221259.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+199.4%",
   "S&P 500": "+338.3%",
   "Gap to S&P 500": "\u2212138.9 pts",
   "Gap to Nasdaq-100": "\u2212435.9 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of MILN is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 18, 2026, 66% of MILN by weight is stocks the S&P 500 already holds. Its active share against the index is 84%, so that share is the part doing something different."
  },
  {
   "q": "What does MILN hold?",
   "a": "82 positions as published by its issuer for Sep 18, 2026, with the top ten at 34% of the fund. The largest are APPLE INC at 3.8%, AIRBNB INC-CLASS A at 3.8%, DOORDASH INC - A at 3.7%."
  },
  {
   "q": "Has MILN beaten the S&P 500?",
   "a": "Over the year to Sep 18, 2026 MILN returned \u221214.6% with distributions reinvested, against +16.6% for the S&P 500, so it finished behind the index by 31.1 points."
  },
  {
   "q": "What does MILN cost?",
   "a": "The prospectus expense ratio is 0.50% a year. Because 84% of the fund differs from the S&P 500, the fee on that differing part works out at 0.59%."
  }
 ],
 "generated": "2026-09-21",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}