Companies: 11,345     total market cap: โ‚ฌ133.954 T
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Largest Bond ETFs by marketcap

ETFs: 1,094 total market cap: โ‚ฌ2.413 T suggest/edit icon suggest/edit icon download icondownload icon
RankName
Market CapPriceTodayPrice (30 days)FeeMarket
favorite icon201
BNP Paribas Easy Euro Corp Bond SRI Fossil Free 3-5Y UCITS ETF
ASR5.DE
โ‚ฌ1.82 B9,04ย โ‚ฌ0.02%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon202
Neos Enhanced Income Cash Alternative ETF
CSHI
โ‚ฌ1.80 B44,22ย โ‚ฌ0.04%0.38%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon203
iShares โ‚ฌ Corp Bond 0-3yr ESG UCITS ETF EUR (Acc)
IE3E.DE
โ‚ฌ1.80 B5,55ย โ‚ฌ0.04%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon204
Vanguard Core-Plus Bond ETF
VPLS
โ‚ฌ1.78 B66,28ย โ‚ฌ0.27%0.20%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon205
Bondbloxx USD High Yield Bond Sector Rotation ETF
HYSA
โ‚ฌ1.76 B12,79ย โ‚ฌ0.23%0.98%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon206
Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1C
XHYA.DE
โ‚ฌ1.75 B23,81ย โ‚ฌ0.51%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon207
First Trust Managed Municipal ETF
FMB
โ‚ฌ1.75 B43,37ย โ‚ฌ0.04%0.39%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon208
PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded Fund
ZROZ
โ‚ฌ1.74 B49,90ย โ‚ฌ1.13%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon209
VictoryShares Core Plus Intermediate Bond ETF
UBND
โ‚ฌ1.74 B18,49ย โ‚ฌ0.26%0.45%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon210
iShares โ‚ฌ Govt Bond 1-3yr UCITS ETF EUR (Dist)
IBCA.DE
โ‚ฌ1.74 B139,35ย โ‚ฌ0.00%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon211
T. Rowe Price Ultra Short-Term Bond ETF
TBUX
โ‚ฌ1.73 B44,35ย โ‚ฌ0.04%0.17%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon212
Direxion Daily 20+ Year Treasury Bull 3X Shares
TMF
โ‚ฌ1.72 B24,45ย โ‚ฌ2.18%0.95%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon213
iShares โ‚ฌ Corp Bond ESG UCITS ETF EUR (Acc)
SUA0.DE
โ‚ฌ1.70 B5,33ย โ‚ฌ0.15%0.14%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon214
Vanguard Total World Bond ETF
BNDW
โ‚ฌ1.69 B59,00ย โ‚ฌ0.27%0.05%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon215
iShares โ‚ฌ Corp Bond Large Cap UCITS ETF EUR (Dist)
IBCS.DE
โ‚ฌ1.69 B120,84ย โ‚ฌ0.14%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon216
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
โ‚ฌ1.69 B18,43ย โ‚ฌ0.03%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon217
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
โ‚ฌ1.66 B20,38ย โ‚ฌ0.00%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon218
iShares โ‚ฌ Covered Bond UCITS ETF EUR (Dist)
IUS6.DE
โ‚ฌ1.65 B138,27ย โ‚ฌ0.11%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon219
Schwab Core Bond ETF
SCCR
โ‚ฌ1.62 B21,79ย โ‚ฌ0.37%0.16%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon220
Invesco BulletShares 2031 Corporate Bond ETF
BSCV
โ‚ฌ1.62 B14,11ย โ‚ฌ0.16%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon221
iShares $ Treasury Bond 7-10yr UCITS ETF USD (Dist)
IBB1.DE
โ‚ฌ1.62 B3,73ย โ‚ฌ0.08%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon222
iShares Global Corp Bond UCITS ETF USD (Dist)
IS0X.DE
โ‚ฌ1.59 B75,84ย โ‚ฌ0.02%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon223
iShares iBonds Dec 2032 Term Corporate ETF
IBDX
โ‚ฌ1.57 B21,53ย โ‚ฌ0.33%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon224
Goldman Sachs Ultra Short Bond ETF
GSST
โ‚ฌ1.52 B44,93ย โ‚ฌ0.02%0.20%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon225
Amundi Euro Government Bond 7-10Y UCITS ETF Acc
LYXD.DE
โ‚ฌ1.51 B162,86ย โ‚ฌ0.06%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon226
Vanguard Intermediate-Term Tax-Exempt Bond ETF
VTEI
โ‚ฌ1.50 B86,21ย โ‚ฌ0.05%0.08%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon227
iShares New York Muni Bond ETF
NYF
โ‚ฌ1.49 B45,62ย โ‚ฌ0.12%0.09%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon228
BetaShares Australian Bank Senior Floating Rate Bond ETF
QPON.AX
โ‚ฌ1.49 B16,37ย โ‚ฌ0.08%0.22%๐Ÿ‡ฆ๐Ÿ‡บ AU
favorite icon229
iShares Long-Term National Muni Bond ETF
LMUB
โ‚ฌ1.48 B42,08ย โ‚ฌ0.21%0.09%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon230
Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF Acc
FRNE.DE
โ‚ฌ1.47 B113,41ย โ‚ฌ0.03%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon231
iShares โ‚ฌ Aggregate Bond ESG UCITS ETF EUR (Dist)
EUN4.DE
โ‚ฌ1.47 B103,64ย โ‚ฌ0.04%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon232
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
โ‚ฌ1.47 B79,85ย โ‚ฌ0.08%0.56%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon233
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 1C
X710.DE
โ‚ฌ1.46 B243,28ย โ‚ฌ0.04%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon234
iShares $ Short Duration Corp Bond UCITS ETF USD (Dist)
IS3J.DE
โ‚ฌ1.46 B87,84ย โ‚ฌ0.08%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon235
Vanguard Total Corporate Bond ETF ETF Shares
VTC
โ‚ฌ1.45 B65,25ย โ‚ฌ0.41%0.03%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon236
Xtrackers II US Treasuries UCITS ETF 2D EUR Hedged
XUTE.DE
โ‚ฌ1.44 B86,75ย โ‚ฌ0.14%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon237
Vanguard USD Treasury Bond UCITS ETF USD Accumulation
VAGT.DE
โ‚ฌ1.44 B23,83ย โ‚ฌ0.10%0.05%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon238
Amundi Euro Government Inflation-Linked Bond UCITS ETF Acc
LYQ7.DE
โ‚ฌ1.43 B166,45ย โ‚ฌ0.01%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon239
FlexShares Ultra-Short Income Fund
RAVI
โ‚ฌ1.43 B67,00ย โ‚ฌ0.03%0.25%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon240
iShares 20+ Year Treasury Bond Buywrite Strategy ETF
TLTW
โ‚ฌ1.40 B18,30ย โ‚ฌ0.46%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon241
iShares Fallen Angels USD Bond ETF
FALN
โ‚ฌ1.38 B22,83ย โ‚ฌ0.27%0.25%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon242
iShares USD Treasury Bond 1-3yr UCITS ETF EUR Hedged (Acc)
2B7S.DE
โ‚ฌ1.37 B5,07ย โ‚ฌ0.02%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon243
iShares โ‚ฌ Govt Bond 3-7yr ETF EUR Acc
SXRP.DE
โ‚ฌ1.37 B130,95ย โ‚ฌ0.04%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon244
Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR EUR Hedged
A4HD.DE
โ‚ฌ1.36 B45,52ย โ‚ฌ0.04%0.22%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon245
Invesco Bulletshares 2032 Corporate Bond ETF
BSCW
โ‚ฌ1.35 B17,52ย โ‚ฌ0.31%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon246
BMO Corporate Bond Index ETF
ZCB.TO
โ‚ฌ1.35 B29,14ย โ‚ฌ0.67%0.17%๐Ÿ‡จ๐Ÿ‡ฆ CA
favorite icon247
Amundi Core EUR Corporate Bond UCITS ETF Dist
PR1C.DE
โ‚ฌ1.35 B18,65ย โ‚ฌ0.08%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon248
iShares High Yield Systematic Bond ETF
HYDB
โ‚ฌ1.35 B39,67ย โ‚ฌ0.01%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon249
SPDR Bloomberg Emerging Markets Local Bond UCITS ETF (Dist)
SYBM.DE
โ‚ฌ1.35 B50,80ย โ‚ฌ0.34%0.55%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon250
iShares iBonds Dec 2028 Term โ‚ฌ Corp UCITS ETF EUR Inc
IB28.DE
โ‚ฌ1.34 B5,10ย โ‚ฌ0.09%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon251
Amundi EUR Corporate Bond 1-5Y ESG UCITS ETF Acc
A4H7.DE
โ‚ฌ1.34 B54,81ย โ‚ฌ0.07%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon252
Vanguard EUR Eurozone Government Bond UCITS ETF
VGEB.DE
โ‚ฌ1.34 B21,08ย โ‚ฌ0.01%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon253
PGIM Active High Yield Bond ETF
PHYL
โ‚ฌ1.34 B29,82ย โ‚ฌ0.09%0.39%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon254
iShares iBonds Dec 2029 Term Treasury ETF
IBTJ
โ‚ฌ1.33 B18,98ย โ‚ฌ0.07%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon255
Amundi Euro Government Bond โ€“ UCITS ETF Acc
A4HC.DE
โ‚ฌ1.33 B48,06ย โ‚ฌ0.04%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon256
iShares Short Maturity Municipal Bond Active ETF
MEAR
โ‚ฌ1.32 B44,40ย โ‚ฌ0.06%0.26%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon257
BNY Mellon Core Bond ETF
BKAG
โ‚ฌ1.29 B35,84ย โ‚ฌ0.35%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon258
iShares โ‚ฌ Corp Bond ex-Financials 1-5yr ESG UCITS ETF EUR (Dist)
EUNS.DE
โ‚ฌ1.28 B104,42ย โ‚ฌ0.05%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon259
iShares Investment Grade Systematic Bond ETF
IGEB
โ‚ฌ1.28 B38,35ย โ‚ฌ0.38%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon260
iShares iBonds Dec 2025 Term Treasury ETF
IBTF
โ‚ฌ1.26 B20,77ย โ‚ฌ0.00%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon261
PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund
CORP
โ‚ฌ1.20 B82,24ย โ‚ฌ0.37%0.41%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon262
SPDR FTSE Global Convertible Bond EUR Hdg UCITS ETF (Acc)
SPF1.DE
โ‚ฌ1.18 B50,74ย โ‚ฌ0.14%0.55%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon263
iShares International Treasury Bond ETF
IGOV
โ‚ฌ1.17 B35,51ย โ‚ฌ0.52%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon264
iShares USD Treasury Bond 3-7yr UCITS ETF EUR Hedged (Dist)
CBUE.DE
โ‚ฌ1.17 B3,99ย โ‚ฌ0.04%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon265
BetaShares Australian Investment Grade Corporate Bond ETF
CRED.AX
โ‚ฌ1.16 B13,85ย โ‚ฌ0.27%0.25%๐Ÿ‡ฆ๐Ÿ‡บ AU
favorite icon266
iShares ESG 1-5 Year USD Corporate Bond ETF
SUSB
โ‚ฌ1.16 B21,79ย โ‚ฌ0.20%0.12%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon267
iShares ESG USD Corporate Bond ETF
SUSC
โ‚ฌ1.14 B19,69ย โ‚ฌ0.45%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon268
SPDR Bloomberg International Treasury Bond ETF
BWX
โ‚ฌ1.14 B18,92ย โ‚ฌ0.38%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon269
iShares Global Govt Bond UCITS ETF USD (Dist)
EUN3.DE
โ‚ฌ1.13 B75,81ย โ‚ฌ0.06%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon270
WisdomTree Voya Yield Enchanced USD Universal Bond Fund
UNIY
โ‚ฌ1.13 B41,42ย โ‚ฌ0.19%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon271
Amundi EUR Corporate Bond Climate Paris Aligned UCITS ETF Acc
LYEB.DE
โ‚ฌ1.12 B153,42ย โ‚ฌ0.03%0.14%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon272
Amundi Euro Aggregate Bond ESG UCITS ETF DR (C)
PR10.DE
โ‚ฌ1.12 B44,56ย โ‚ฌ0.01%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon273
Amundi Prime Euro Govies UCITS ETF DR
PR1R.DE
โ‚ฌ1.11 B16,44ย โ‚ฌ0.00%0.05%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon274
SPDR Bloomberg UK Gilt UCITS ETF
SYBG.DE
โ‚ฌ1.11 B48,26ย โ‚ฌ0.31%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon275
PIMCO Short Term Municipal Bond Active Exchange-Traded Fund
SMMU
โ‚ฌ1.10 B44,40ย โ‚ฌ0.00%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon276
BMO High Yield US Corporate Bond Index ETF
ZJK.TO
โ‚ฌ1.09 B11,64ย โ‚ฌ0.11%0.61%๐Ÿ‡จ๐Ÿ‡ฆ CA
favorite icon277
Franklin U.S. Treasury Bond ETF
FLGV
โ‚ฌ1.09 B17,45ย โ‚ฌ0.25%0.09%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon278
Franklin High Yield Corporate ETF
FLHY
โ‚ฌ1.08 B20,78ย โ‚ฌ0.13%0.40%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon279
iShares JP Morgan Advanced $ EM Bond UCITS ETF EUR Hedged (Acc)
SLMG.DE
โ‚ฌ1.07 B4,76ย โ‚ฌ0.69%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon280
iShares โ‚ฌ Govt Bond 0-1yr UCITS ETF EUR (Dist)
EUN6.DE
โ‚ฌ1.07 B98,99ย โ‚ฌ0.01%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon281
iShares iBonds Dec 2028 Term โ‚ฌ Corp UCITS ETF
IVOA.DE
โ‚ฌ1.07 B5,67ย โ‚ฌ0.01%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon282
Vanguard ESG U.S. Corporate Bond ETF
VCEB
โ‚ฌ1.07 B53,24ย โ‚ฌ0.46%0.12%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon283
iShares US Aggregate Bond UCITS ETF USD (Dist)
EUNX.DE
โ‚ฌ1.06 B81,20ย โ‚ฌ0.14%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon284
Amundi Index Solutions - Amundi Govt Bond Lowest Rated Euromts Investment Grade
KX1G.DE
โ‚ฌ1.05 B226,07ย โ‚ฌ0.05%0.14%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon285
iShares Global Corp Bond EUR Hedged UCITS ETF (Dist)
IBCQ.DE
โ‚ฌ1.05 B80,44ย โ‚ฌ0.03%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon286
iShares iBonds Dec 2030 Term Treasury ETF
IBTK
โ‚ฌ1.05 B16,98ย โ‚ฌ0.18%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon287
iShares Aaa - A Rated Corporate Bond ETF
QLTA
โ‚ฌ1.04 B40,38ย โ‚ฌ0.44%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon288
SPDR Portfolio Long Term Corporate Bond ETF
SPLB
โ‚ฌ1.04 B18,37ย โ‚ฌ0.67%0.04%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon289
Xtrackers II iBoxx Eurozone Government Bond Yield Plus UCITS ETF 1C
XY4P.DE
โ‚ฌ1.04 B173,04ย โ‚ฌ0.16%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon290
Invesco Emerging Markets Sovereign Debt ETF
PCY
โ‚ฌ1.04 B17,85ย โ‚ฌ0.64%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon291
iShares iBonds Dec 2033 Term Corporate ETF
IBDY
โ‚ฌ1.04 B21,93ย โ‚ฌ0.32%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon292
Amundi Euro Government Bond 10-15Y UCITS ETF Acc
LYQ6.DE
โ‚ฌ1.02 B190,14ย โ‚ฌ0.04%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon293
PGIM Total Return Bond ETF
PTRB
โ‚ฌ1.02 B35,44ย โ‚ฌ0.25%0.49%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon294
Invesco California AMT-Free Municipal Bond ETF
PWZ
โ‚ฌ1.02 B20,20ย โ‚ฌ0.04%0.28%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon295
iShares โ‚ฌ Floating Rate Bond ESG UCITS ETF EUR (Dist)
EFRN.DE
โ‚ฌ1.00 B5,09ย โ‚ฌ0.04%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon296
Xtrackers II Germany Government Bond UCITS ETF 1C
X03G.DE
โ‚ฌ0.98 B172,98ย โ‚ฌ0.25%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon297
Invesco Bulletshares 2033 Corporate Bond ETF
BSCX
โ‚ฌ0.98 B17,93ย โ‚ฌ0.38%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon298
Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1D
XHYG.DE
โ‚ฌ0.98 B15,30ย โ‚ฌ0.11%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon299
Avantis Core Fixed Income Fund
AVIGX
โ‚ฌ0.96 B7,14ย โ‚ฌ0.37%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon300
FlexShares Credit-Scored US Corporate Bond Index Fund
SKOR
โ‚ฌ0.94 B41,83ย โ‚ฌ0.32%0.15%๐Ÿ‡บ๐Ÿ‡ธ US

List of the largest bond and Treasury ETFs ranked by market capitalization. This list includes exchange-traded funds that track the performance of bonds and treasuries.

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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