Global X Millennials Thematic
ALTAR
Score™
3.0% info Recommen-
dation
AVOID
2019E    2020E
P/E
ratio
33.4x P/Sales
ratio
2.5x
P/BV
ratio
5.5x Div.
yield
0.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X Millennials Thematic ETF tracks an index composed of US-listed companies that derive a significant source of their revenue from spending categories determined to be associated with millennials--people born between 1980 and 2000.

FUND BASICS
Category US Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date May 04, 2016
Assets (mns) $74
Currency USD
Expense ratio 50 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 83
Wgt avg mkt cap (mns) $163,221
Large cap (>$10bn) 84.3%
Mid cap ($2-10bn) 11.5%
Small cap (<$2bn) 4.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 3.7 %
FISERV INC 3.7 %
COSTCO WHOLESALE CORP 3.4 %
WALT DISNEY CO/THE 3.4 %
HOME DEPOT INC 3.3 %
EQUITY RESIDENTIAL 3.2 %
STARBUCKS CORP 3.1 %
ALPHABET INC. CLASS A 3.1 %
FACEBOOK 3.1 %
NIKE INC -CL B 3.1 %
Total 33.0 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.7 %
LUXEMBOURG 2.5 %
BRITAIN 0.5 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
26.9% 14.7% -- -- 16.5%

Market Correlations
versus... Beta R-squared
S&P500 0.99 74%
MSCI EAFE 0.82 44%
MSCI Emg. Mkts. 0.54 31%

Technical Indicators
Recent close $25.14
30d moving avg. $24.95
Annualized volatility 13.8%
Short interest (ETF) 2.0%
Relative strength (RSI) 60

Liquidity measures
Avg. volume (thou.) 32
Turnover 1.1%
Bid/Ask (% of price) 0.20%
ADV underlying (mns) $28,834

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X Millennials Thematic ETF based on the alternatives' overlap in portfolio holdings with MILN. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: MILN Expense: 50 bp ALTAR Score™: 3.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH MILN
Ticker Fund
Name
Overlap1
vs MILN
(%)
Expense
ratio
(bp)
Savings
vs MILN
(bp)
ALTAR
Score™
(%)
ALTAR
vs MILN
(%)
PLAT WisdomTree Modern Tech Platforms 30.2 45 5 2.9 -0.1
IEDI iShares Evolved U.S. Discretionary Spending 28.0 18 32 5.0 +2.0
IYC iShares DJ US Consumer Services 27.2 42 8 5.0 +2.1
JHMC John Hancock Multifactor Consumer Discretionary 26.8 40 10 6.0 +3.0
XNTK SPDR NYSE Technology 26.5 35 15 5.4 +2.5
GENY Principal Millennials Index 26.1 45 5 4.9 +1.9
GBUY Goldman Sachs Motif New Age Consumer 24.8 50 0 3.6 +0.6
FDIS Fidelity MSCI Consumer Discrettionary 24.3 8 42 5.4 +2.4
VCR Vanguard Consumer Discretionary 24.3 10 40 5.5 +2.6
SCHG Schwab U.S. Large-Cap Growth 24.0 4 46 4.9 +1.9
MGK Vanguard Mega Cap 300 Growth 23.3 7 43 5.0 +2.0
IBUY Amplify Online Retail 23.2 65 -15 2.4 -0.6
FDN First Trust DJ Internet 22.9 52 -2 3.3 +0.3
XLY Consumer Discretionary Select Sector SPDR 22.9 13 37 5.7 +2.7
PNQI Invesco Nasdaq Internet 22.8 62 -12 2.8 -0.2
VUG Vanguard Growth ETF 22.8 4 46 4.8 +1.8
TMFC Motley Fool 100 Index 22.6 50 0 4.3 +1.4
GIGE SoFi Gig Economy 22.0 59 -9 0.5 -2.5
QYLD Global X NASDAQ 100 Covered Call ETF 21.5 60 -10 4.9 +1.9
IWY iShares Russell Top 200 Growth 21.3 20 30 5.0 +2.1

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X Millennials Thematic
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

AVOID

Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may not be relevant.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 17.0 %
Divided by: Fwd. P/BV 4.9 x
Less: Expense ratio 50 bp
Equals: ALTAR Score 3.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.49 CATEGORY
AVERAGE
1.55
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.