Companies: 11,261     total market cap: โ‚ฌ134.651 T
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Largest ETFs by Marketcap

ETFs: 3,913 total market cap: โ‚ฌ15.849 T suggest/edit icon suggest/edit icon download icondownload icon
RankName
Market CapPriceTodayPrice (30 days)FeeMarket
favorite icon2301
Invesco Global Active ESG Equity UCITS ETF EUR GBP Hdg Dist
IQSD.DE
โ‚ฌ0.16 B82,66ย โ‚ฌ0.06%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2302
Neos Enhanced Income Aggregate Bond ETF
BNDI
โ‚ฌ0.16 B39,93ย โ‚ฌ0.19%0.61%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2303
WisdomTree Battery Solutions UCITS ETF - USD Acc
W1TA.DE
โ‚ฌ0.16 B44,33ย โ‚ฌ0.20%0.40%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2304
iShares ESG Select Screened S&P Small-Cap ETF
XJR
โ‚ฌ0.16 B45,74ย โ‚ฌ0.49%0.12%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2305
WisdomTree Emerging Markets Equity Income UCITS ETF
WTEI.DE
โ‚ฌ0.16 B16,89ย โ‚ฌ0.55%0.46%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2306
WisdomTree Efficient Gold Plus Gold Miners Strategy Fund
GDMN
โ‚ฌ0.16 B80,08ย โ‚ฌ3.07%0.45%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2307
Invesco BulletShares 2031 Municipal Bond ETF
BSMV
โ‚ฌ0.16 B18,00ย โ‚ฌ0.26%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2308
iShares Edge MSCI World Minimum Volatility UCITS ETF EUR Hedged (Acc)
SXR0.DE
โ‚ฌ0.16 B8,83ย โ‚ฌ0.62%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2309
SPDR Bloomberg U.S. Aggregate Bond UCITS ETF
SYBU.DE
โ‚ฌ0.16 B79,74ย โ‚ฌ0.52%0.17%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2310
Invesco JPX-Nikkei 400 UCITS ETF
SMLN.DE
โ‚ฌ0.16 B257,55ย โ‚ฌ0.17%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2311
Invesco Euro Corporate Hybrid Bond UCITS ETF Inc
EHBD.DE
โ‚ฌ0.16 B39,27ย โ‚ฌ0.04%0.39%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2312
GraniteShares Platinum Trust
PLTM
โ‚ฌ0.16 B14,71ย โ‚ฌ1.25%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2313
Direxion Daily Healthcare Bull 3X Shares
CURE
โ‚ฌ0.16 B110,47ย โ‚ฌ0.59%0.93%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2314
Invesco US Treasury Bond UCITS ETF EUR Hdg Dist
TRFE.DE
โ‚ฌ0.15 B30,64ย โ‚ฌ0.07%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2315
Xtrackers DAX UCITS ETF 1D
XDDA.DE
โ‚ฌ0.15 B11,64ย โ‚ฌ0.34%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2316
VanEck Green Bond ETF
GRNB
โ‚ฌ0.15 B20,57ย โ‚ฌ0.13%0.20%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2317
iShares MSCI Europe Small-Cap ETF
IEUS
โ‚ฌ0.15 B63,73ย โ‚ฌ0.51%0.41%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2318
Invesco S&P SmallCap Health Care ETF
PSCH
โ‚ฌ0.15 B47,81ย โ‚ฌ0.05%0.29%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2319
WisdomTree Emerging Markets Multifactor Fund
EMMF
โ‚ฌ0.15 B33,17ย โ‚ฌ1.14%0.48%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2320
Roundhill Weekly T-Bill ETF (WEEK)
WEEK
โ‚ฌ0.15 B86,47ย โ‚ฌ0.04%0.19%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2321
Xtrackers MSCI Europe Financials Screened UCITS ETF 1C
XS7R.DE
โ‚ฌ0.15 B93,01ย โ‚ฌ0.26%0.17%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2322
Amplify Digital Payments ETF
IPAY
โ‚ฌ0.15 B43,87ย โ‚ฌ2.57%0.75%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2323
Invesco India ETF
PIN
โ‚ฌ0.15 B20,72ย โ‚ฌ2.26%0.78%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2324
Ishares Ai Adopters and Applications Ucits Etf
AIAA.DE
โ‚ฌ0.15 B5,24ย โ‚ฌ1.23%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2325
Xtrackers Nifty 50 Swap UCITS ETF 1C
DBX7.DE
โ‚ฌ0.15 B209,15ย โ‚ฌ0.05%0.85%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2326
Global X S&P 500 Quarterly Buffer UCITS ETF - USD Accumulating
SPQB.DE
โ‚ฌ0.15 B20,32ย โ‚ฌ0.02%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2327
Invesco BulletShares (R) 2025 Municipal Bond ETF
BSMP
โ‚ฌ0.15 B21,16ย โ‚ฌ0.01%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2328
Amundi USD Floating Rate Corporate Bond ESG UCITS ETF EUR Hedged Acc
FRNH.DE
โ‚ฌ0.15 B56,60ย โ‚ฌ0.02%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2329
iShares Germany Govt Bond UCITS ETF EUR (Dist)
IS0L.DE
โ‚ฌ0.15 B116,32ย โ‚ฌ0.07%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2330
Deka STOXX Europe Strong Growth 20 UCITS ETF
EL4C.DE
โ‚ฌ0.15 B49,63ย โ‚ฌ0.21%0.65%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2331
Fidelity Systematic Municipal Bond Index ETF
FMUN
โ‚ฌ0.15 B43,00ย โ‚ฌ0.29%0.05%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2332
iShares โ‚ฌ Govt Bond 20yr Target Duration UCITS ETF EUR (Dist)
IS05.DE
โ‚ฌ0.15 B3,05ย โ‚ฌ0.53%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2333
Amundi MSCI Emerging Markets SRI Climate Paris Aligned - UCITS ETF DR (D)
ACUG.DE
โ‚ฌ0.15 B61,13ย โ‚ฌ1.19%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2334
iShares Global Corp Bond UCITS ETF
36B7.DE
โ‚ฌ0.15 B4,15ย โ‚ฌ0.10%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2335
iShares Euro Government Bond Capped 1.5-10.5yr UCITS ETF (DE)
EXHF.DE
โ‚ฌ0.15 B107,87ย โ‚ฌ0.80%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2336
Invesco Markets II plc - Invesco Defence Innovation UCITS ETF
IVDF.DE
โ‚ฌ0.15 B9,68ย โ‚ฌ0.26%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2337
UBS ETRACS Gold Shares Covered Call ETN
GLDI
โ‚ฌ0.15 B129,51ย โ‚ฌ0.67%0.65%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2338
Xtrackers II Target Maturity Sept 2033 EUR Corporate Bond UCITS ETF 1D
XB33.DE
โ‚ฌ0.15 B28,66ย โ‚ฌ0.10%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2339
iShares iBonds 2030 Term High Yield and Income ETF
IBHJ
โ‚ฌ0.15 B22,74ย โ‚ฌ0.40%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2340
L&G US ESG Exclusions Paris Aligned UCITS ETF USD Acc
DELG.DE
โ‚ฌ0.15 B24,16ย โ‚ฌ0.00%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2341
iShares MSCI Global Sustainable Development Goals ETF
SDG
โ‚ฌ0.15 B79,74ย โ‚ฌ0.15%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2342
iShares STOXX Europe Large 200 UCITS ETF (DE)
EXSC.DE
โ‚ฌ0.15 B68,42ย โ‚ฌ0.03%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2343
SPDR S&P Health Care Equipment ETF
XHE
โ‚ฌ0.15 B81,44ย โ‚ฌ1.05%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2344
ProShares DJ Brookfield Global Infrastructure ETF
TOLZ
โ‚ฌ0.15 B51,03ย โ‚ฌ0.86%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2345
iShares MSCI USA Swap UCITS ETF EUR Hedged (Acc)
3SUS.DE
โ‚ฌ0.15 B6,60ย โ‚ฌ0.14%0.05%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2346
Xtrackers Artificial Intelligence and Big Data ETF
XAIX
โ‚ฌ0.15 B49,19ย โ‚ฌ0.38%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2347
Xtrackers S&P 500 Inverse Daily Swap UCITS ETF
DXS3.DE
โ‚ฌ0.14 B4,73ย โ‚ฌ0.16%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2348
Invesco MSCI Emerging Markets Universal Screened UCITS ETF
ESGM.DE
โ‚ฌ0.14 B51,61ย โ‚ฌ1.47%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2349
Roundhill WeeklyPay Universe ETF
WPAY
โ‚ฌ0.14 B29,51ย โ‚ฌ1.58%1.28%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2350
Xtrackers MSCI Emerging Markets ex China UCITS ETF 1C
XDEX.DE
โ‚ฌ0.14 B160,80ย โ‚ฌ1.95%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2351
Avantis Core Municipal Fixed Income ETF
AVMU
โ‚ฌ0.14 B39,10ย โ‚ฌ0.53%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2352
iShares iBonds Dec 2025 Term $ Corp UCITS ETF USD Acc
CEBF.DE
โ‚ฌ0.14 B95,85ย โ‚ฌ0.00%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2353
Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS ETF 1C EUR Acc
EUPE.DE
โ‚ฌ0.14 B654,90ย โ‚ฌ0.89%0.65%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2354
iShares โ‚ฌ Aggregate Bond ESG UCITS ETF EUR (Dist)
CBU2.DE
โ‚ฌ0.14 B5,43ย โ‚ฌ0.21%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2355
CSOP FTSE US Treasury 20+ Years Index ETF
3433.HK
โ‚ฌ0.14 B6,99ย โ‚ฌ1.37%0.20%๐Ÿ‡ญ๐Ÿ‡ฐ HK
favorite icon2356
Amundi Global Equity Quality Income UCITS ETF Dist
LGQI.DE
โ‚ฌ0.14 B160,86ย โ‚ฌ0.89%0.45%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2357
Global X FinTech ETF
FINX
โ‚ฌ0.14 B22,75ย โ‚ฌ1.62%0.68%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2358
Amundi Euro Inflation Expectations 2-10Y UCITS ETF
UINF.DE
โ‚ฌ0.14 B121,84ย โ‚ฌ0.13%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2359
WisdomTree International MidCap Dividend Fund
DIM
โ‚ฌ0.14 B76,95ย โ‚ฌ0.16%0.58%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2360
Vanguard ESG EUR Corporate Bond UCITS ETF (EUR) Accumulating
V3RE.DE
โ‚ฌ0.14 B5,81ย โ‚ฌ0.06%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2361
Xtrackers MSCI USA Consumer Discretionary UCITS ETF 1D
XUCD.DE
โ‚ฌ0.14 B83,94ย โ‚ฌ1.03%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2362
Goldman Sachs India Equity ETF
GIND
โ‚ฌ0.14 B21,41ย โ‚ฌ0.34%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2363
BNP Paribas Easy EUR Corp Bond SRI Fossil Free UCITS ETF
ASRT.DE
โ‚ฌ0.14 B9,23ย โ‚ฌ0.10%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2364
iShares STOXX Europe 50 UCITS ETF (DE)
EXW3.DE
โ‚ฌ0.14 B56,68ย โ‚ฌ0.32%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2365
WisdomTree Europe SmallCap Dividend Fund
DFE
โ‚ฌ0.14 B66,80ย โ‚ฌ0.20%0.58%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2366
Teucrium Corn Fund
CORN
โ‚ฌ0.14 B15,95ย โ‚ฌ1.10%0.61%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2367
CSOP Hong Kong Dollar Money Market ETF
3053.HK
โ‚ฌ0.14 B130,83ย โ‚ฌ0.02%0.31%๐Ÿ‡ญ๐Ÿ‡ฐ HK
favorite icon2368
Xtrackers II US Treasuries 1-3 UCITS ETF 1D
D5BE.DE
โ‚ฌ0.14 B145,90ย โ‚ฌ0.03%0.06%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2369
iShares ESG Advanced MSCI EM ETF
EMXF
โ‚ฌ0.14 B49,32ย โ‚ฌ0.35%0.16%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2370
SPDR MSCI Europe Consumer Staples UCITS ETF
SPYC.DE
โ‚ฌ0.14 B231,65ย โ‚ฌ2.20%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2371
Global X Conscious Companies ETF
KRMA
โ‚ฌ0.14 B41,32ย โ‚ฌ0.00%0.43%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2372
iShares MSCI Belgium ETF
EWK
โ‚ฌ0.14 B23,38ย โ‚ฌ1.74%0.49%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2373
Amundi MSCI World Financials UCITS ETF EUR Acc
LYPD.DE
โ‚ฌ0.14 B413,00ย โ‚ฌ0.47%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2374
Deka S&P 500 ETF
D6RI.DE
โ‚ฌ0.14 B139,69ย โ‚ฌ0.11%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2375
SPDR Bloomberg Global Aggregate Bond UCITS ETF GBP Hedged
SPFB.DE
โ‚ฌ0.14 B32,72ย โ‚ฌ0.13%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2376
iShares Large Cap Max Buffer Jun ETF
MAXJ
โ‚ฌ0.14 B25,47ย โ‚ฌ0.02%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2377
First Trust US Large Cap Core AlphaDEX UCITS ETF
FTGU.DE
โ‚ฌ0.14 B101,94ย โ‚ฌ0.06%0.65%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2378
Invesco High Yield Bond Factor ETF
IHYF
โ‚ฌ0.14 B19,65ย โ‚ฌ0.11%0.39%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2379
WisdomTree Global High Dividend Fund
DEW
โ‚ฌ0.14 B62,77ย โ‚ฌ0.25%0.58%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2380
Xtrackers MSCI World ESG Screened UCITS ETF 1D
XDWY.DE
โ‚ฌ0.14 B28,21ย โ‚ฌ0.09%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2381
Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF
PAUM.DE
โ‚ฌ0.14 B5,46ย โ‚ฌ1.58%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2382
iShares iBonds Dec 2032 Term โ‚ฌ Corp UCITS ETF EUR (Acc)
IG32.DE
โ‚ฌ0.14 B5,23ย โ‚ฌ0.07%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2383
Xtrackers S&P Select Frontier Swap UCITS ETF 1C
DX2Z.DE
โ‚ฌ0.13 B25,98ย โ‚ฌ0.55%0.95%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2384
Franklin FTSE Brazil UCITS ETF
FLXB.DE
โ‚ฌ0.13 B28,44ย โ‚ฌ1.99%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2385
Xtrackers ATX UCITS ETF 1C
XB4A.DE
โ‚ฌ0.13 B139,94ย โ‚ฌ0.46%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2386
HSBC MSCI World Small Cap Screened UCITS ETF USD (Acc)
H41G.DE
โ‚ฌ0.13 B24,27ย โ‚ฌ0.33%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2387
iShares iBonds Oct 2028 Term TIPS ETF
IBIE
โ‚ฌ0.13 B22,27ย โ‚ฌ0.08%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2388
Global X S&P 500 Covered Call UCITS ETF Inc
XY7D.DE
โ‚ฌ0.13 B13,69ย โ‚ฌ0.00%0.45%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2389
Amundi MSCI Europe Momentum Factor UCITS ETF - EUR (C)
MJMT.DE
โ‚ฌ0.13 B152,66ย โ‚ฌ0.41%0.23%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2390
WisdomTree Strategic Metals UCITS ETF - EUR Hedged Acc
WENH.DE
โ‚ฌ0.13 B14,15ย โ‚ฌ0.08%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2391
iShares MSCI Japan ESG Enhanced CTB UCITS ETF EUR Hedged Acc
CEB3.DE
โ‚ฌ0.13 B8,81ย โ‚ฌ0.39%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2392
SPDR Bloomberg 10+ Year Euro Government Bond UCITS ETF
SYBV.DE
โ‚ฌ0.13 B21,88ย โ‚ฌ0.30%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2393
iShares EURO STOXX 50 ESG UCITS ETF EUR Acc
ES50.DE
โ‚ฌ0.13 B8,76ย โ‚ฌ0.06%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2394
WisdomTree Japan Equity UCITS ETF - EUR Hedged Acc
WTIF.DE
โ‚ฌ0.13 B56,76ย โ‚ฌ0.18%0.45%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2395
Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C
XNZW.DE
โ‚ฌ0.13 B59,55ย โ‚ฌ0.08%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2396
Amundi MSCI EM Asia SRI Climate Paris Aligned - UCITS ETF DR (D)
SADA.DE
โ‚ฌ0.13 B46,00ย โ‚ฌ1.42%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2397
SPDR S&P Kensho Future Security ETF
FITE
โ‚ฌ0.13 B101,69ย โ‚ฌ1.42%0.45%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2398
-1x Short VIX Futures ETF
SVIX
โ‚ฌ0.13 B22,71ย โ‚ฌ0.79%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2399
Invesco US Treasury Bond 10+ Year UCITS ETF EUR Hdg Dist
T1OD.DE
โ‚ฌ0.13 B3,63ย โ‚ฌ0.28%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2400
Invesco MSCI China Technology All Shares Stock Connect UCITS ETF
ICNT.DE
โ‚ฌ0.13 B27,13ย โ‚ฌ1.10%0.49%๐Ÿ‡ช๐Ÿ‡บ EU

This is the list of the largest ETFs ranked by marketcap

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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