GENY — Principal Millennials Index ETF
Data updated: 2023-11-21
GENY — Principal Millennials Index ETF. Global (incl. US) Large Cap Growth Equity · $29.84M AUM. Holdings, fees, performance and SEC filings.
GENY Fund Overview
GENY — Principal Millennials Index ETF is a US ETF managed by Principal Exchange-Traded Funds, categorised as Global (incl. US) Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Principal Exchange-Traded Funds
- Category: Global (incl. US) Large Cap Growth Equity
- Assets under management: $29.84M
- 1-year return: 20.8%
- Ticker: GENY
- SEC CIK: 0001572661
- SEC series ID: S000054612
- Share class ID: C000171495
GENY Investment Objective and Strategy
Principal Millennials Index ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Principal Exchange-Traded Funds.
Investment objective
"The Fund seeks to provide investment results that closely correspond, before expenses, to the performance of the Nasdaq Global Millennial Opportunity Index (the ""Index"")."
Principal investment strategy
"Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that compose the Index at the time of purchase. The Index uses a quantitative model designed to identify equity securities of companies in the Nasdaq Global Index (the ""Parent Index"") that are impacted by the spending and lifestyle activities of the Millennial generation, which refers to people born from 1980 to the mid-2000s. The Index may include equity securities of different market capitalizations (small, medium, or large) and styles (growth or value) and is weighted based upon capitalization and exposure to Millennials. Market segments with the greatest Millennial exposure are likely to include, without limitation, consumer goods (including fashion and apparel), social media and e-commerce, and digital media and technology.
To be eligible for the Index, a security must be a component of the Parent Index. However, an exchange-listed security that is not a component of the Parent Index may be eligible if it otherwise meets all of the eligibility criteria. Each security's exposure to Millennials is determined using a proprietary, multi-step research process. Each company is identified as having low, medium, or high exposure to Millennials based on the materiality of the company's exposure to Millennial-related themes and the potential role of Millennials in driving long-term growth. To be eligible for the Index, a security must have high or medium exposure to Millennials. ""Medium exposure"" means that Millennials-related products, technologies, services and solutions are an important factor of the company's business model, strategy and research and development, and are material to sales and/or growth.
""High exposure"" means that Millennials-related products, technologies, services and solutions are core to the company's business model, strategy and research and development, and are material to sales and/or growth. Securities of companies having high exposure to Millennials receive 70% of the weight of the index, and securities of companies having medium exposure to Millennials receive 30% of the weight of the index. The Index is rebalanced annually. Additionally, throughout the year securities that become ineligible for the Index are removed and not replaced. The Fund will make corresponding changes to its portfolio shortly after Index changes are made public. As of June 30, 2018, the Index included 103 components, and the Parent Index included 8,945 components. More detailed information about the Index methodology is provided in the prospectus under Fund Account Information.
The Fund employs a passive investment approach designed to attempt to track the performance of the Index. In seeking its objective, the Fund typically employs a ""full replication"" strategy which involves investing in all the securities that make up the Index, in the same approximate proportions as the Index. The Fund can, however, use a sampling methodology to purchase a subset of the securities in the Index in an effort to hold a portfolio of securities with generally the same risk and return characteristics of the Index. The Fund can also invest in securities not included in the Index that the advisor believes will help the fund track the Index. The Fund will not concentrate its investments (invest more than 25% of its assets) in a particular industry except to the extent the Index is so concentrated."
GENY Performance
Total returns for GENY (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 20.8% |
| 3 years (annualised) | -4.1% |
GENY Risk Information
Risk metrics for GENY, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 28.3%
GENY Costs and Fees
GENY costs about $38 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.38%
- Gross expense ratio: 0.38%
- Portfolio turnover: 28%
- Brokerage commissions: 0.26 bps of average net assets (SEC N-CEN)
GENY Cashflows
Over the 12 months to 2023-09, Principal Millennials Index ETF had net inflows of $6.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $0 |
| 2023-08 | $2.19M |
| 2023-07 | $0 |
| 2023-06 | $0 |
| 2023-05 | $0 |
| 2023-04 | $0 |
GENY Debt Constituents
No individual debt constituents are reported in Principal Millennials Index ETF's latest SEC N-PORT filing.
GENY Prospectus and SEC Filings
Official Principal Millennials Index ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-27
- Prospectus (485BPOS) — filed 2022-06-09
- Prospectus (485BPOS) — filed 2021-10-27
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Portfolio holdings (N-PORT) — filed 2023-08-09
- Portfolio holdings (N-PORT) — filed 2023-05-23
- Annual census (N-CEN) — filed 2023-09-08
- Annual census (N-CEN) — filed 2022-09-12
Related Funds
Other Global (incl. US) Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.