Global X Uranium ETF, page-18

Moosey - Global X is simply a computer (no human intervention for .71% MER) the instructions to the computer are that shares are bought or sold based on allocating the accumulated funds in proportion to each company's market cap in the Solactive uranium. SLX is about 1% of this index and therefore gets 1% of Global X's funds. If the market cap of SLX goes up (not from their buying) they buy more and sell others in the index. If Global X get more funds then 1% (as current SLX market cap) goes to SLX, if money is withdrawn from Global X they sell 1% of reduction in funds; their is no science, emotion or rational thought to it - it's just arithmetic in a computer. There is no endorsement or criticism by Global X it's simply a computer program with no inbuilt intelligence; it simply proportions the market caps of each company in the index to add up to the total funds in this ETF less their MER (.71%).