A new exchange-traded fund (ETF), the Global X Millennials Thematic ETF (MILN), seeks to capitalize on Millennial consumer habits. Millennials are now the largest generation in the United States surpassing Baby Boomers and considerably larger than Generation X. Gen Y also differs tremendously from the past two generations in regards to spending habits. They’re more technologically-savvy, allocating more capital to technology than apparel. They’re also more hesitant to spend as well as more health conscious. (For more, see: Who Are Millennials and Why Do They Matter?)

Exposure

The Global X Millennials Thematic ETF has exposure to the following:

  • Social Media and Entertainment
  • Food and Dining
  • Clothing and Apparel
  • Health and Fitness
  • Travel and Mobility
  • Education and Employment
  • Housing and Home Goods
  • Financial Services

If you’re looking for a more specific industry breakdown:

  • Internet Software and Services 17.29% (of net assets)
  • Internet Retail 14.87%
  • Apparel, Accessories and Luxury 9.71%
  • Residential REITs 6.58%
  • Data Processing and Outsourcing Services 6.39%
  • Home Improvement Retail 6.06%
  • Apparel Retail 3.79%
  • Movies and Entertainment 3.52%
  • Other 22.82%

Top Holdings

Below are the ETF’s top 10 holdings along with one year stock performance, dividend yield and whether or not the company has delivered consistent revenue and net Income growth over the past three fiscal years. An “Y” indicates Yes and an “N” no. (For more, see: Money Habits of the Millennials.)

 

% of Net Assets

1-Year Stock Performance

Dividend Yield

Revenue

Net Income

AMZN

3.32%

57.16%

N/A

Y

N

LNKD

3.29%

-38.17%

N/A

Y

N

FB

3.29%

50.53%

N/A

Y

Y

EXPE

3.24%

13.01%

0.83%

Y

Y

DIS

3.22%

-5.12%

1.38%

Y

Y

PCLN

3.10%

3.26%

N/A

Y

Y

PYPL

3.07%

5.76%

N/A

Y

Y

VFC

3.07%

-9.24%

2.28%

Y

N

HD

3.06%

22.83%

2.05%

Y

Y

NKE

3.04%

16.53%

1.09%

Y

Y

Dan Moskowitz does not have any positions in the ETF or stocks in this article.