Companies: 10,862     total market cap: โ‚ฌ128.174 T
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Largest ETFs by Marketcap

ETFs: 3,913 total market cap: โ‚ฌ15.015 T suggest/edit icon suggest/edit icon download icondownload icon
RankName
Market CapPriceTodayPrice (30 days)FeeMarket
favorite icon2401
Xtrackers II USD Emerging Markets Bond UCITS ETF 2D - USD
XUEM.DE
โ‚ฌ0.12 B10,39ย โ‚ฌ0.40%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2402
Amundi S&P 500 Equal Weight ESG Leaders UCITS ETF
MWOQ.DE
โ‚ฌ0.12 B13,50ย โ‚ฌ0.50%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2403
Xtrackers II Australia Government Bond UCITS ETF 1C
XCS2.DE
โ‚ฌ0.12 B146,61ย โ‚ฌ0.11%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2404
Xtrackers MSCI Europe UCITS ETF 1D
XIEE.DE
โ‚ฌ0.12 B88,61ย โ‚ฌ0.68%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2405
iShares โ‚ฌ Govt Bond Climate UCITS ETF EUR (Dist)
SECD.DE
โ‚ฌ0.12 B4,05ย โ‚ฌ0.30%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2406
Xtrackers MSCI North America High Dividend Yield UCITS ETF 1C
XDND.DE
โ‚ฌ0.12 B59,52ย โ‚ฌ0.27%0.39%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2407
Deka Deutsche Bรถrse EUROGOV Germany UCITS ETF
EL4R.DE
โ‚ฌ0.12 B89,01ย โ‚ฌ0.17%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2408
Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 1C EUR Hedged
XDBC.DE
โ‚ฌ0.12 B35,20ย โ‚ฌ0.24%0.39%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2409
iShares ESG Select Screened S&P Small-Cap ETF
XJR
โ‚ฌ0.12 B43,55ย โ‚ฌ2.47%0.12%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2410
SPDR S&P Health Care Equipment ETF
XHE
โ‚ฌ0.12 B70,83ย โ‚ฌ0.57%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2411
Xtrackers MSCI Thailand UCITS ETF 1C
XCS4.DE
โ‚ฌ0.12 B25,27ย โ‚ฌ0.76%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2412
iShares $ Development Bank Bonds UCITS ETF EUR Hedged (Acc)
UEEG.DE
โ‚ฌ0.12 B4,67ย โ‚ฌ0.15%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2413
WisdomTree Global High Dividend Fund
DEW
โ‚ฌ0.12 B60,12ย โ‚ฌ0.95%0.58%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2414
WisdomTree Bitcoin Fund
BTCW
โ‚ฌ0.12 B58,00ย โ‚ฌ2.64%0.25%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2415
CSOP Nikkei 225 Index ETF
3153.HK
โ‚ฌ0.12 B14,21ย โ‚ฌ0.31%1.05%๐Ÿ‡ญ๐Ÿ‡ฐ HK
favorite icon2416
Xtrackers Municipal Infrastructure Revenue Bond ETF
RVNU
โ‚ฌ0.12 B21,70ย โ‚ฌ0.59%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2417
iShares iBonds Dec 2032 Term โ‚ฌ Corp UCITS ETF EUR (Acc)
IG32.DE
โ‚ฌ0.12 B5,22ย โ‚ฌ0.30%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2418
Amundi Global Equity Quality Income UCITS ETF Dist
LGQI.DE
โ‚ฌ0.12 B157,52ย โ‚ฌ0.15%0.45%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2419
iShares iBonds 2030 Term High Yield and Income ETF
IBHJ
โ‚ฌ0.12 B22,76ย โ‚ฌ0.52%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2420
Deka MSCI USA LC UCITS ETF
EL4I.DE
โ‚ฌ0.12 B426,81ย โ‚ฌ0.45%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2421
First Trust Asia Pacific Ex-Japan AlphaDEX Fund
FPA
โ‚ฌ0.12 B47,11ย โ‚ฌ6.29%0.80%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2422
Invesco S&P SmallCap Health Care ETF
PSCH
โ‚ฌ0.11 B41,21ย โ‚ฌ1.08%0.29%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2423
Xtrackers MSCI China A UCITS ETF 1C
DBX9.DE
โ‚ฌ0.11 B35,56ย โ‚ฌ0.25%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2424
Xtrackers II Global Inflation-Linked Bond UCITS ETF 5C
XGIU.DE
โ‚ฌ0.11 B22,49ย โ‚ฌ0.05%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2425
ProShares UltraShort Bloomberg Natural Gas
KOLD
โ‚ฌ0.11 B20,91ย โ‚ฌ6.60%0.95%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2426
Amundi S&P SmallCap 600 Screened UCITS ETF DIST
MWON.DE
โ‚ฌ0.11 B72,59ย โ‚ฌ0.59%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2427
iShares Large Cap Max Buffer Jun ETF
MAXJ
โ‚ฌ0.11 B25,08ย โ‚ฌ0.21%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2428
Aptus Deferred Income ETF
DEFR
โ‚ฌ0.11 B22,96ย โ‚ฌ0.76%0.79%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2429
iShares MSCI Austria ETF
EWO
โ‚ฌ0.11 B35,81ย โ‚ฌ4.40%0.49%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2430
iShares DAX ESG UCITS ETF (DE)
EXIA.DE
โ‚ฌ0.11 B7,57ย โ‚ฌ0.08%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2431
Global X Blockchain UCITS ETF USD Acc
BLCH.DE
โ‚ฌ0.11 B15,82ย โ‚ฌ1.21%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2432
Invesco New York AMT-Free Municipal Bond ETF
PZT
โ‚ฌ0.11 B19,45ย โ‚ฌ0.09%0.28%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2433
iShares Large Cap Max Buffer Dec ETF
DMAX
โ‚ฌ0.11 B23,50ย โ‚ฌ0.14%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2434
Deka MSCI Germany Climate Change ESG UCITS ETF
D6RT.DE
โ‚ฌ0.11 B16,30ย โ‚ฌ0.26%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2435
WisdomTree Emerging Markets Local Debt Fund
ELD
โ‚ฌ0.11 B24,92ย โ‚ฌ1.30%0.55%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2436
Amundi US Fed Funds Rate UCITS ETF Acc
B8TC.DE
โ‚ฌ0.11 B108,78ย โ‚ฌ0.34%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2437
AdvisorShares Focused Equity ETF
CWS
โ‚ฌ0.11 B59,33ย โ‚ฌ0.91%0.72%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2438
Amundi MSCI EMU SRI Climate Paris Aligned - UCITS ETF DR (C)
SRHE.DE
โ‚ฌ0.11 B107,23ย โ‚ฌ0.35%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2439
iShares MSCI UK ETF GBP Acc
SXR3.DE
โ‚ฌ0.11 B202,16ย โ‚ฌ0.15%0.33%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2440
ALPS Clean Energy ETF
ACES
โ‚ฌ0.11 B31,57ย โ‚ฌ3.63%0.55%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2441
SPDR Bloomberg 10+ Year U.S. Treasury Bond UCITS ETF
SPPX.DE
โ‚ฌ0.11 B18,04ย โ‚ฌ0.40%0.05%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2442
Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C
XNZW.DE
โ‚ฌ0.11 B55,77ย โ‚ฌ0.02%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2443
Xtrackers CAC 40 UCITS ETF 1D
DX2G.DE
โ‚ฌ0.11 B84,91ย โ‚ฌ0.72%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2444
iShares MSCI Mexico Capped UCITS ETF USD (Acc)
CEBG.DE
โ‚ฌ0.11 B189,21ย โ‚ฌ1.31%0.65%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2445
Xtrackers II Target Maturity Sept 2027 EUR Corporate Bond UCITS ETF 1D
XB27.DE
โ‚ฌ0.11 B25,88ย โ‚ฌ0.03%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2446
iShares iBonds Oct 2030 Term TIPS ETF
IBIG
โ‚ฌ0.11 B22,74ย โ‚ฌ0.17%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2447
iShares JPX-Nikkei 400 ETF
JPXN
โ‚ฌ0.11 B84,60ย โ‚ฌ2.71%0.48%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2448
iShares Global High Yield Corp Bond UCITS ETF EUR Hedged (Acc)
CEBR.DE
โ‚ฌ0.11 B5,92ย โ‚ฌ0.24%0.55%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2449
Roundhill Bitcoin Covered Call Strategy ETF
YBTC
โ‚ฌ0.11 B15,44ย โ‚ฌ2.72%0.96%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2450
First Trust India NIFTY 50 Equal Weight ETF
NFTY
โ‚ฌ0.11 B45,38ย โ‚ฌ0.37%0.80%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2451
Amundi Global Government Inflation-Linked Bond 1-10Y UCITS ETF
B8TQ.DE
โ‚ฌ0.11 B10,74ย โ‚ฌ0.00%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2452
SPDR S&P U.S. Consumer Discretionary Select Sector UCITS ETF
ZPDD.DE
โ‚ฌ0.11 B61,25ย โ‚ฌ0.08%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2453
ALPS ETF Trust - Level Four Large Cap Growth Active ETF
LGRO
โ‚ฌ0.11 B37,02ย โ‚ฌ1.43%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2454
iShares USD TIPS 0-5 UCITS ETF EUR Hedged (Dist) UCITS ETF
CBUL.DE
โ‚ฌ0.11 B4,32ย โ‚ฌ0.02%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2455
ProShares Short Russell2000
RWM
โ‚ฌ0.11 B12,01ย โ‚ฌ2.93%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2456
Goldman Sachs Access High Yield Corporate Bond ETF
GHYB
โ‚ฌ0.11 B38,63ย โ‚ฌ0.51%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2457
WisdomTree Europe Hedged SmallCap Equity Fund
EUSC
โ‚ฌ0.11 B40,01ย โ‚ฌ0.13%0.01%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2458
Pacer US Cash Cows Growth ETF
BUL
โ‚ฌ0.11 B50,83ย โ‚ฌ2.47%0.60%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2459
Xtrackers ATX UCITS ETF 1C
XB4A.DE
โ‚ฌ0.11 B126,25ย โ‚ฌ1.65%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2460
Franklin Global Quality Dividend UCITS ETF
FLXX.DE
โ‚ฌ0.11 B37,11ย โ‚ฌ0.08%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2461
iShares Broad โ‚ฌ High Yield Corp Bond UCITS ETF EUR (Dist)
EH1Y.DE
โ‚ฌ0.11 B4,85ย โ‚ฌ0.09%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2462
OSSIAM BLOOMBERG JAPAN PAB NR - 1C (EUR)
OP5E.DE
โ‚ฌ0.11 B176,21ย โ‚ฌ0.57%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2463
SPDR S&P 500 Low Volatility UCITS ETF
SPY1.DE
โ‚ฌ0.11 B73,19ย โ‚ฌ0.11%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2464
Invesco Bulletshares 2033 Municipal Bond ETF
BSSX
โ‚ฌ0.11 B22,22ย โ‚ฌ0.05%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2465
Amplify Alternative Harvest ETF
MJ
โ‚ฌ0.11 B22,83ย โ‚ฌ1.01%1.12%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2466
UBS Solactive US Listed Gold & Silver Miners UCITS ETF USD acc
BCFR.DE
โ‚ฌ0.11 B11,73ย โ‚ฌ0.74%0.36%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2467
Amundi S&P Global Health Care ESG UCITS ETF DR EUR Inc
WELG.DE
โ‚ฌ0.11 B10,67ย โ‚ฌ0.21%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2468
Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C
DBX3.DE
โ‚ฌ0.11 B47,53ย โ‚ฌ1.53%0.40%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2469
iShares iBonds 1-5 Year Treasury Ladder ETF
LDRT
โ‚ฌ0.11 B21,62ย โ‚ฌ0.12%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2470
Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF EUR Acc
ECMS.DE
โ‚ฌ0.11 B5,63ย โ‚ฌ0.01%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2471
Global X MSCI China Consumer Discretionary ETF
CHIQ
โ‚ฌ0.11 B15,19ย โ‚ฌ0.65%0.65%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2472
iShares MSCI Philippines ETF
EPHE
โ‚ฌ0.11 B21,37ย โ‚ฌ0.94%0.59%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2473
AdvisorShares Dorsey Wright FSM US Core ETF
DWUS
โ‚ฌ0.10 B52,25ย โ‚ฌ0.36%0.75%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2474
Franklin FTSE Brazil UCITS ETF
FLXB.DE
โ‚ฌ0.10 B28,83ย โ‚ฌ0.36%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2475
Amundi MSCI World Financials UCITS ETF EUR Acc
LYPD.DE
โ‚ฌ0.10 B367,64ย โ‚ฌ0.19%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2476
Amundi MSCI ACWI SRI Climate Paris Aligned UCITS ETF DR - USD (A)
WELA.DE
โ‚ฌ0.10 B14,72ย โ‚ฌ0.92%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2477
Xtrackers MSCI USA Energy UCITS ETF 1D
XUEN.DE
โ‚ฌ0.10 B52,30ย โ‚ฌ0.02%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2478
Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Income
VAGE.DE
โ‚ฌ0.10 B20,40ย โ‚ฌ0.23%0.08%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2479
iShares MSCI UK Small Cap ETF GBP Acc
SXRD.DE
โ‚ฌ0.10 B310,05ย โ‚ฌ0.30%0.58%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2480
Amundi Bloomberg Equal-weight Commodity ex-Agriculture UCITS ETF Euro Hedged Acc
C099.DE
โ‚ฌ0.10 B40,56ย โ‚ฌ0.33%0.35%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2481
Global X Lithium & Battery Tech UCITS ETF
LI7U.DE
โ‚ฌ0.10 B12,21ย โ‚ฌ2.75%0.60%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2482
Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF
PAUM.DE
โ‚ฌ0.10 B5,21ย โ‚ฌ1.04%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2483
Xtrackers II Eurozone Government Bond 25+ UCITS ETF 1C
DBXG.DE
โ‚ฌ0.10 B249,74ย โ‚ฌ0.81%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2484
iShares Government/Credit Bond ETF
GBF
โ‚ฌ0.10 B89,46ย โ‚ฌ0.59%0.20%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2485
21Shares Crypto Basket Index ETP
HODL.SW
โ‚ฌ0.10 B9,69ย โ‚ฌ1.45%0.99%๐Ÿ‡จ๐Ÿ‡ญ CH
favorite icon2486
BNP Paribas Easy S&P 500 II - UCITS ETF H EUR
EDEA.DE
โ‚ฌ0.10 B12,76ย โ‚ฌ0.29%0.08%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2487
Invesco USD AAA CLO UCITS ETF - Dist
UCLU.DE
โ‚ฌ0.10 B17,31ย โ‚ฌ0.92%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2488
YieldMax AI & Tech Portfolio Option Income ETF
GPTY
โ‚ฌ0.10 B40,14ย โ‚ฌ4.71%1.06%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2489
CSOP FTSE East-West Equity Select ETF
3441.HK
โ‚ฌ0.10 B1,33ย โ‚ฌ0.17%1.80%๐Ÿ‡ญ๐Ÿ‡ฐ HK
favorite icon2490
Amundi USD High Yield Corporate Bond ESG UCITS ETF EUR Hedged Dis
LYXE.DE
โ‚ฌ0.10 B74,37ย โ‚ฌ0.02%0.30%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2491
iShares iBonds Dec 2032 Term โ‚ฌ Corp UCITS ETF EUR (Dist)
32XG.DE
โ‚ฌ0.10 B5,00ย โ‚ฌ0.32%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2492
Strive Total Return Bond ETF
STXT
โ‚ฌ0.10 B17,05ย โ‚ฌ0.50%0.50%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2493
Xtrackers S&P 500 ESG UCITS ETF 1C
XZSP.DE
โ‚ฌ0.10 B58,26ย โ‚ฌ0.24%0.08%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2494
Direxion Daily Gold Miners Index Bear 2X Shares
DUST
โ‚ฌ0.10 B53,56ย โ‚ฌ10.68%0.93%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2495
Amplify AI Powered Equity ETF
AIEQ
โ‚ฌ0.10 B42,22ย โ‚ฌ1.58%0.75%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon2496
SBC MSCI China UCITS ETF USD (Acc)
H4Z6.DE
โ‚ฌ0.10 B7,11ย โ‚ฌ1.18%0.19%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2497
Xtrackers II Global Government Bond UCITS ETF 1D - EUR Hedged
XGVD.DE
โ‚ฌ0.10 B169,67ย โ‚ฌ0.11%0.25%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2498
iShares MSCI Turkey UCITS ETF USD (Dist)
IQQ5.DE
โ‚ฌ0.10 B18,79ย โ‚ฌ0.45%0.74%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2499
SPDR MSCI Europe Materials UCITS ETF
SPYP.DE
โ‚ฌ0.10 B370,73ย โ‚ฌ0.69%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon2500
Deka iBoxx EUR Liquid Sovereign Diversified 5-7 UCITS ETF
EL4N.DE
โ‚ฌ0.10 B103,31ย โ‚ฌ0.24%0.15%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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