PEN 1.37% $1.08 peninsula energy limited

Ann: Global X Index Change and Company Update, page-97

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    My bad Oversee, I had forgotten about this. The re-balance is not good for small caps as per the excerpt below.

    NEW YORK, March 16, 2018 /PRNewswire/ -- Global X Funds, the New York-based provider of exchange-traded funds (ETFs), has announced that the Global X Uranium ETF (NYSE: URA) will undergo an index change to track the Solactive Global Uranium & Nuclear Components Total Return Index.

    The Fund is expected to begin implementation of the change no earlier than April 2, 2018, with the change occurring in two phases. The phase approach is intended to enable the Global X Uranium ETF's advisor, Global X Management Co. LLC, to make the necessary adjustments to portfolio holdings in a manner that minimizes impact to Fund shareholders. In the first phase, expected to commence in the second quarter of 2018, the Fund will track the Solactive Global Uranium & Nuclear Components Transition TR Index, an interim index that will gradually reduce exposure to small-capitalization stocks while proportionately increasing exposure to other stocks based on their weightings in the Solactive Global Uranium & Nuclear Components Total Return Index. In the second phase, the Fund will begin tracking the Solactive Global Uranium & Nuclear Components Total Return Index, which is expected to occur upon completion of the first phase.
    The current, transition and new indexes for the Fund are shown below. The new index is designed to measure broad-based equity market performance of global companies involved in the uranium industry including companies that are engaged in uranium mining, exploration for uranium, technologies related to the uranium industry and the production of nuclear components. The stocks are screened for liquidity and weighted according to modified free-float market capitalization. A specific capping methodology is used at the time of the semi-annual index review to seek to assure compliance with the rules governing the listing of financial products on exchanges in the United States.
 
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