Core Insights - The Global X Millennials Consumer ETF (MILN US) is designed to provide exposure to companies associated with eight key spending categories relevant to Millennials [1] Group 1: Index Composition - The underlying Indxx Millennials Thematic Index includes companies in categories such as clothing/apparel, food/restaurants/consumer staples, social/entertainment, travel/mobility, education/employment, financial services/investments, housing/home goods, and health/fitness [1] - Companies must have a U.S. primary listing, a market capitalization of at least USD 500 million, and an average daily trading volume (ADTV) of at least USD 2 million over the past six months to be eligible [1] - IPOs must have a significant listing history of either 10 days or 3 months to qualify for inclusion [1] Group 2: Scoring and Selection Process - Each company is evaluated and scored on a scale of 0 to 2 based on its exposure to the relevant categories, with only those achieving "significant exposure" (score of 2) advancing in the selection process [1] - A composite rank is applied using both quantitative and qualitative screens, with a limit of 5 to 15 names per category; if more than 15 companies qualify, those with the highest composite scores are selected [1] Group 3: Weighting and Rebalancing - The index employs a modified market-cap weighting system, with a maximum cap of 3.0% and a minimum floor of 0.3%, redistributing any excess or shortfall on a pro-rata basis [1] - Reconstitution and rebalancing of the index occur annually on the third Friday of April, with a semiannual review in October to include qualifying recent IPOs [1]