{"url":"https://etfiq.com/themes/millennial","section":"themes","title":"Millennial consumer ETF: what it holds | ETFIQ","description":"ETFIQ covers one millennial consumer ETF, MILN ($89m); its fee is 0.50%, as of Oct 12, 2026. Measured by holdings, not by name.","as_of":"Nov 4, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"How many millennial consumer ETFs are there?","acceptedAnswer":{"@type":"Answer","text":"One, MILN, Global X Millennial Consumer ETF, as of Nov 4, 2026. That is every one it can measure from the fund\u2019s own published holdings."}},{"@type":"Question","name":"What is the largest millennial consumer ETF?","acceptedAnswer":{"@type":"Answer","text":"MILN, Global X Millennial Consumer ETF is the only one, at $89m in net assets as of Oct 12, 2026."}},{"@type":"Question","name":"What is the cheapest millennial consumer ETF?","acceptedAnswer":{"@type":"Answer","text":"MILN, Global X Millennial Consumer ETF is the only one, and it charges 0.50% a year by its prospectus filed Mar 27, 2026."}},{"@type":"Question","name":"What do millennial consumer ETFs hold?","acceptedAnswer":{"@type":"Answer","text":"Funds that hold the companies younger consumers spend with: online brands, experiences and the platforms they live on. Between them the 1 millennial consumer ETFs ETFIQ can read name 10 companies in their ten largest holdings, by holdings dated Aug 31, 2026, most widely DOORDASH, INC., which is among the ten largest of 1 of them."}}]},{"@type":"ItemList","name":"Millennial consumer ETF: what it holds","numberOfItems":1,"itemListElement":[{"@type":"ListItem","position":1,"name":"MILN","url":"https://etfiq.com/funds/miln"}]},{"@type":"ItemList","name":"The millennial consumer ETF","itemListOrder":"https://schema.org/ItemListOrderDescending","numberOfItems":1,"itemListElement":[{"@type":"ListItem","position":1,"name":"MILN","url":"https://etfiq.com/funds/miln"}]},{"@type":"Dataset","name":"Millennial consumer ETF: what it holds","description":"ETFIQ covers one millennial consumer ETF, MILN ($89m); its fee is 0.50%, as of Oct 12, 2026. Measured by holdings, not by name.","url":"https://etfiq.com/themes/millennial","dateModified":"2026-11-04","inLanguage":"en","creator":{"@id":"https://etfiq.com/#org"},"publisher":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}],"variableMeasured":["Weight overlap with the S&P 500","Active share","Holdings","Top ten share of the fund","Total return","Fee for the differing part","Expense ratio"],"keywords":["exchange-traded funds","ETF","Thematic ETFs","fund data","SEC filings"]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Thematic ETFs","item":"https://etfiq.com/themes/"},{"@type":"ListItem","position":3,"name":"Millennial consumer","item":"https://etfiq.com/themes/millennial"}]},{"@type":"WebPage","name":"Millennial consumer ETF: what it holds","description":"ETFIQ covers one millennial consumer ETF, MILN ($89m); its fee is 0.50%, as of Oct 12, 2026. Measured by holdings, not by name.","url":"https://etfiq.com/themes/millennial","dateModified":"2026-11-04","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":4189,"truncated":false,"content":"ETFIQ / Thematic ETFs / Millennial consumer \n \n Data as of Nov 4, 2026 .\n Millennial consumer ETF: what it holds\n See the millennial consumer ETF by what it holds, not by its name. Funds that hold the companies younger consumers spend with: online brands, experiences and the platforms they live on. 1 fund, largest first. Updated Nov 4, 2026. It carries 74% of its weight in S&P 500 stocks, the 2nd most of the 54 themes with holdings on file.\n 1 US listed millennial consumer ETF \n $89m Net assets \n 0.50% Fee, a year \n +0.9% Total return, one year \n\n What this fund actually owns\n MILN is the only millennial and Gen Z consumers fund here with a filed book. Its ten largest holdings are below.\n Millennial and Gen Z consumers ETFs, the companies their ten largest holdings name. Source: each fund's latest SEC filing or its issuer\u2019s own daily holdings file, read by ETFIQ. Company Weight in MILN \n DOORDASH, INC. 4.2% \n AIRBNB, INC. 3.9% \n SEA LIMITED 3.7% \n APPLE INC. 3.4% \n BOOKING HOLDINGS INC. 3.1% \n CARVANA CO. 3.1% \n SPOTIFY TECHNOLOGY S.A. 3.1% \n AMAZON.COM, INC. 3.1% \n CHIPOTLE MEXICAN GRILL, INC. 3.1% \n STARBUCKS CORPORATION 3.0% \n \n Each row counts the ten largest holdings of each fund, so a fund missing from a row may still hold that company lower down. Weights are of the funds that name it, not of the theme.\n The millennial consumer ETF\n ETFIQ covers one millennial consumer ETF, MILN ( $89m ); its fee is 0.50% , as of Oct 12, 2026 .\n MILN Global X Millennial Consumer ETF $89m 0.50% \n \n Millennial consumer ETF: what it holds, as of Nov 4, 2026. Source: ETFIQ. Ticker Fund Issuer Net assets In the S&P 500 Active share Total return 1Y vs its benchmark 1Y Fee \n MILN Global X Millennial Consumer ETF Global X $89m 74.4% 84.7% +0.9% not measured 0.50% \n \n Questions people ask\n How many millennial consumer ETFs are there? One, MILN , Global X Millennial Consumer ETF, as of Nov 4, 2026. That is every one it can measure from the fund\u2019s own published holdings. What is the largest millennial consumer ETF? MILN , Global X Millennial Consumer ETF is the only one, at $89m in net assets as of Oct 12, 2026. What is the cheapest millennial consumer ETF? MILN , Global X Millennial Consumer ETF is the only one, and it charges 0.50% a year by its prospectus filed Mar 27, 2026. What do millennial consumer ETFs hold? Funds that hold the companies younger consumers spend with: online brands, experiences and the platforms they live on. Between them the 1 millennial consumer ETFs ETFIQ can read name 10 companies in their ten largest holdings, by holdings dated Aug 31, 2026, most widely DOORDASH, INC., which is among the ten largest of 1 of them. What the issuers say about this theme\n The issuers behind these millennial consumer funds publish their own work on this theme. These are their pages and words, not ETFIQ\u2019s. A fund company writing about a theme it sells is making a case.\n Issuer material on this theme. Links leave ETFIQ. Source: each issuer\u2019s own site. Issuer What they publish Kind \n Global X Global X Insights, including The Next Big Theme Their research index \n \n Where to next\n Every thematic ETF Compare two funds The vocabulary Sources\n Fund holdings from SEC Form N-PORT and from the issuers\u2019 own daily files SEC EDGAR, full-text search of fund filings SEC Form N-PORT, what a fund filed it holds Rule 19a-1, what a distribution notice must say Links are sources, not endorsements.\n ETFIQ is an independent publisher and makes no recommendations. Standards and sources \n Cite this page. ETFIQ, Millennial consumer ETF: what it holds, data as of Nov 4, 2026. https://etfiq.com/themes/millennial Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, Millennial consumer ETF: what it holds, data as of Nov 4, 2026. https://etfiq.com/themes/millennial APA ETFIQ. (Nov 4, 2026). Millennial consumer ETF: what it holds. Retrieved from https://etfiq.com/themes/millennial Markdown [Millennial consumer ETF: what it holds (ETFIQ, Nov 4, 2026)](https://etfiq.com/themes/millennial)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, Millennial consumer ETF: what it holds, data as of Nov 4, 2026. https://etfiq.com/themes/millennial"}