Companies: 10,651     total market cap: โ‚ฌ117.951 T
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Largest Bond ETFs by marketcap

ETFs: 1,047 total market cap: โ‚ฌ1.907 T suggest/edit icon suggest/edit icon download icondownload icon
RankName
Market CapPriceTodayPrice (30 days)FeeMarket
favorite icon101
iShares iBonds Dec 2026 Term Corporate ETF
IBDR
โ‚ฌ3.19 B20,29ย โ‚ฌ0.02%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon102
Direxion Daily 20+ Year Treasury Bull 3X Shares
TMF
โ‚ฌ3.08 B31,85ย โ‚ฌ1.01%0.95%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon103
iShares iBonds Dec 2028 Term Corporate ETF
IBDT
โ‚ฌ3.08 B21,33ย โ‚ฌ0.02%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon104
iShares iBonds Dec 2027 Term Corporate ETF
IBDS
โ‚ฌ3.05 B20,35ย โ‚ฌ0.06%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon105
Vanguard EUR Eurozone Government Bond UCITS ETF EUR Accumulation
VGEA.DE
โ‚ฌ3.04 B24,09ย โ‚ฌ0.05%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon106
iShares $ Corp Bond UCITS ETF USD (Dist)
IBCD.DE
โ‚ฌ3.02 B86,49ย โ‚ฌ0.52%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon107
iShares iBonds Dec 2029 Term Corporate ETF
IBDU
โ‚ฌ2.97 B19,63ย โ‚ฌ0.08%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon108
Xtrackers USD High Yield Corporate Bond ETF
HYLB
โ‚ฌ2.96 B31,02ย โ‚ฌ0.01%0.05%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon109
iShares $ Treasury Bond 7-10yr UCITS ETF USD (Dist)
IUSM.DE
โ‚ฌ2.92 B146,14ย โ‚ฌ0.55%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon110
SPDR Nuveen Bloomberg Short Term Municipal Bond ETF
SHM
โ‚ฌ2.91 B40,36ย โ‚ฌ0.00%0.20%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon111
Amundi Euro Government Tilted Green Bond UCITS ETF Acc
CB3G.DE
โ‚ฌ2.88 B221,74ย โ‚ฌ0.10%0.14%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon112
Schwab Municipal Bond ETF
SCMB
โ‚ฌ2.87 B21,66ย โ‚ฌ0.02%0.03%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon113
Vanguard EUR Corporate Bond UCITS ETF
VECP.DE
โ‚ฌ2.78 B48,76ย โ‚ฌ0.13%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon114
Invesco BulletShares 2028 Corporate Bond ETF
BSCS
โ‚ฌ2.75 B17,20ย โ‚ฌ0.07%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon115
Invesco National AMT-Free Municipal Bond ETF
PZA
โ‚ฌ2.72 B19,41ย โ‚ฌ0.02%0.28%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon116
Amundi Index Euro Corporate Sri 0-3 Y UCITS ETF DR
ECR3.DE
โ‚ฌ2.70 B54,09ย โ‚ฌ0.00%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon117
First Trust TCW Unconstrained Plus Bond ETF
UCON
โ‚ฌ2.68 B21,02ย โ‚ฌ0.06%0.86%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon118
VanEck Fallen Angel High Yield Bond ETF
ANGL
โ‚ฌ2.60 B24,76ย โ‚ฌ0.03%0.25%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon119
Vanguard USD Corporate Bond UCITS ETF USD Accumulation
VUCE.DE
โ‚ฌ2.55 B51,41ย โ‚ฌ0.54%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon120
SPDR Nuveen Bloomberg Municipal Bond ETF
TFI
โ‚ฌ2.52 B38,41ย โ‚ฌ0.07%0.23%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon121
Jpmorgan Limited Duration Bond ETF
JPLD
โ‚ฌ2.52 B43,87ย โ‚ฌ0.08%0.33%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon122
SPDRย Nuveen Bloomberg High Yield Municipal Bond ETF
HYMB
โ‚ฌ2.51 B21,00ย โ‚ฌ0.10%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon123
Xtrackers II Eurozone Government Bond 1-3 UCITS ETF
DBXP.DE
โ‚ฌ2.48 B174,12ย โ‚ฌ0.06%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon124
Vanguard EUR Corporate Bond UCITS ETF EUR Accumulation
VECA.DE
โ‚ฌ2.42 B53,48ย โ‚ฌ0.04%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon125
iShares 10+ Year Investment Grade Corporate Bond ETF
IGLB
โ‚ฌ2.40 B42,63ย โ‚ฌ0.20%0.04%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon126
iShares iBonds Dec 2030 Term Corporate ETF
IBDV
โ‚ฌ2.38 B18,49ย โ‚ฌ0.07%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon127
Franklin U.S. Core Bond ETF
FLCB
โ‚ฌ2.37 B18,14ย โ‚ฌ0.02%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon128
iShares โ‚ฌ Corp Bond 0-3yr ESG UCITS ETF EUR (Dist)
QDVL.DE
โ‚ฌ2.33 B4,98ย โ‚ฌ0.05%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon129
iShares โ‚ฌ Govt Bond 3-5yr UCITS ETF EUR (Dist)
IBCN.DE
โ‚ฌ2.32 B161,75ย โ‚ฌ0.02%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon130
SPDR Bloomberg Investment Grade Floating Rate ETF
FLRN
โ‚ฌ2.31 B25,79ย โ‚ฌ0.03%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon131
BNP Paribas Easy JPM ESG EMU Government Bond IG
JBEM.DE
โ‚ฌ2.29 B9,53ย โ‚ฌ0.00%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon132
iShares Core Global Aggregate Bond UCITS ETF EUR Hedged (Acc)
EUNA.DE
โ‚ฌ2.28 B4,94ย โ‚ฌ0.15%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon133
VictoryShares USAA Core Intermediate-Term Bondย ETF
UITB
โ‚ฌ2.28 B39,66ย โ‚ฌ0.04%0.38%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon134
Invesco BulletShares 2029 Corporate Bond ETF
BSCT
โ‚ฌ2.25 B15,74ย โ‚ฌ0.08%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon135
iShares โ‚ฌ Ultrashort Bond UCITS ETF EUR (Acc)
ERNX.DE
โ‚ฌ2.20 B5,53ย โ‚ฌ0.00%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon136
PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund
MUNI
โ‚ฌ2.18 B44,11ย โ‚ฌ0.01%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon137
iShares โ‚ฌ Govt Bond Climate UCITS ETF EUR (Acc)
SECA.DE
โ‚ฌ2.18 B4,40ย โ‚ฌ0.02%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon138
iShares $ High Yield Corp Bond UCITS ETF USD (Dist)
IS0R.DE
โ‚ฌ2.16 B80,87ย โ‚ฌ0.35%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon139
iShares $ TIPS UCITS ETF USD (Acc)
IUST.DE
โ‚ฌ2.15 B214,12ย โ‚ฌ0.54%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon140
Amundi Euro Government Bond 1-3Y UCITS ETF Acc
LYQ2.DE
โ‚ฌ2.13 B127,92ย โ‚ฌ0.01%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon141
iShares J.P. Morgan $ EM Bond EUR Hedged UCITS ETF (Dist)
IS3C.DE
โ‚ฌ2.12 B69,46ย โ‚ฌ0.10%0.50%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon142
Vanguard USD Corporate 1-3 year Bond UCITS ETF ( USD) Acc
VAGY.DE
โ‚ฌ2.07 B51,23ย โ‚ฌ0.63%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon143
ALPS Smith Core Plus Bond ETF
SMTH
โ‚ฌ2.03 B21,79ย โ‚ฌ0.04%0.59%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon144
iShares โ‚ฌ Corp Bond Large Cap UCITS ETF EUR (Dist)
IBCS.DE
โ‚ฌ2.02 B125,80ย โ‚ฌ0.24%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon145
BNP Paribas Easy JPM ESG EMU Government Bond IG 3-5 Y UCITS ETF Capitalisation
ASRE.DE
โ‚ฌ2.00 B9,84ย โ‚ฌ0.02%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon146
Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF 1D
XB4F.DE
โ‚ฌ1.99 B144,21ย โ‚ฌ0.11%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon147
iShares iBonds Dec 2026 Term Treasury ETF
IBTG
โ‚ฌ1.98 B19,17ย โ‚ฌ0.01%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon148
Invesco BulletShares 2030 Corporate Bond ETF
BSCU
โ‚ฌ1.97 B14,12ย โ‚ฌ0.08%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon149
iShares 0-5 Year Investment Grade Corporate Bond ETF
SLQD
โ‚ฌ1.96 B42,50ย โ‚ฌ0.01%0.06%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon150
First Trust Senior Loan Fund
FTSL
โ‚ฌ1.95 B38,24ย โ‚ฌ0.01%0.86%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon151
iShares $ Treasury Bond 1-3yr UCITS ETF USD (Dist)
IUSU.DE
โ‚ฌ1.95 B108,17ย โ‚ฌ0.60%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon152
Xtrackers II Eurozone Government Bond UCITS ETF 1C EUR
XGLE.DE
โ‚ฌ1.94 B223,70ย โ‚ฌ0.02%0.07%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon153
iShares Core Global Aggregate Bond UCITS ETF USD (Dist)
EUNU.DE
โ‚ฌ1.94 B3,72ย โ‚ฌ0.46%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon154
SPDR Bloomberg Emerging Markets Local Bond ETF
EBND
โ‚ฌ1.92 B18,23ย โ‚ฌ0.44%0.30%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon155
Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF USD Accumulating
VUCF.DE
โ‚ฌ1.92 B48,72ย โ‚ฌ0.67%0.05%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon156
iShares iBonds Dec 2025 Term Corporate ETF
IBDQ
โ‚ฌ1.90 B21,01ย โ‚ฌ0.04%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon157
Invesco Short Term Treasury ETF
TBLL
โ‚ฌ1.88 B88,29ย โ‚ฌ0.01%0.08%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon158
Global X Funds - 1-3 Month T-Bill Etf
CLIP
โ‚ฌ1.85 B83,93ย โ‚ฌ0.00%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon159
Dimensional Global Core Plus Fixed Income ETF
DFGP
โ‚ฌ1.85 B45,51ย โ‚ฌ0.03%0.24%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon160
BNY Mellon Core Bond ETF
BKAG
โ‚ฌ1.85 B35,58ย โ‚ฌ0.02%N/A๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon161
Schwab High Yield Bond ETF
SCYB
โ‚ฌ1.84 B22,26ย โ‚ฌ0.00%0.03%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon162
iShares โ‚ฌ Covered Bond UCITS ETF EUR (Dist)
IUS6.DE
โ‚ฌ1.84 B141,86ย โ‚ฌ0.11%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon163
VanEck Intermediate Muni ETF
ITM
โ‚ฌ1.83 B39,57ย โ‚ฌ0.10%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon164
Xtrackers II EUR High Yield Corporate Bond UCITS ETF 1C
XHYA.DE
โ‚ฌ1.81 B24,14ย โ‚ฌ0.15%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon165
Amundi Euro Government Bond 3-5Y UCITS ETF Acc
LYQ3.DE
โ‚ฌ1.81 B152,91ย โ‚ฌ0.06%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon166
iShares J.P. Morgan $ EM Bond UCITS ETF USD (Acc)
IS02.DE
โ‚ฌ1.81 B5,45ย โ‚ฌ0.48%0.45%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon167
iShares iBonds Dec 2031 Term Corporate ETF
IBDW
โ‚ฌ1.80 B17,72ย โ‚ฌ0.00%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon168
iShares โ‚ฌ Govt Bond 1-3yr UCITS ETF EUR (Dist)
IBCA.DE
โ‚ฌ1.78 B142,37ย โ‚ฌ0.03%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon169
iShares Global Corp Bond UCITS ETF USD (Dist)
IS0X.DE
โ‚ฌ1.71 B77,39ย โ‚ฌ0.35%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon170
Invesco Total Return Bond ETF
GTO
โ‚ฌ1.71 B39,74ย โ‚ฌ0.03%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon171
Xtrackers II EUR Corporate Bond Short Duration SRI PAB UCITS ETF 1C
XZE5.DE
โ‚ฌ1.70 B47,73ย โ‚ฌ0.12%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon172
iShares eb.rexxGovernment Germany 0-1yr UCITS ETF (DE)
EXVM.DE
โ‚ฌ1.70 B76,46ย โ‚ฌ0.07%0.13%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon173
iShares iBonds Dec 2027 Term Treasury ETF
IBTH
โ‚ฌ1.68 B18,81ย โ‚ฌ0.00%0.07%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon174
iShares Global Aggregate Bond ESG UCITS ETF EUR Hedged Accumulation
AEGE.DE
โ‚ฌ1.67 B4,62ย โ‚ฌ0.15%0.10%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon175
Dimensional National Municipal Bond ETF
DFNM
โ‚ฌ1.66 B40,52ย โ‚ฌ0.02%0.18%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon176
iShares โ‚ฌ Aggregate Bond ESG UCITS ETF EUR (Dist)
EUN4.DE
โ‚ฌ1.63 B107,97ย โ‚ฌ0.08%0.16%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon177
Vanguard Global Aggregate Bond UCITS ETF EUR Hedged Accumulation
VAGF.DE
โ‚ฌ1.62 B23,82ย โ‚ฌ0.03%0.08%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon178
First Trust Managed Municipal ETF
FMB
โ‚ฌ1.61 B42,90ย โ‚ฌ0.00%0.65%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon179
Invesco BulletShares 2025 Corporate Bond ETF
BSCP
โ‚ฌ1.58 B17,29ย โ‚ฌ0.03%0.10%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon180
VictoryShares Short-Term Bond ETF
USTB
โ‚ฌ1.56 B42,60ย โ‚ฌ0.03%0.34%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon181
iShares Fallen Angels USD Bond ETF
FALN
โ‚ฌ1.55 B23,06ย โ‚ฌ0.09%0.25%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon182
iShares Broad $ High Yield Corp Bond UCITS ETF USD (Dist)
UDHY.DE
โ‚ฌ1.55 B3,97ย โ‚ฌ0.52%0.20%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon183
SPDR Portfolio Corporate Bond ETF
SPBO
โ‚ฌ1.53 B24,66ย โ‚ฌ0.07%0.03%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon184
SPDR Bloomberg 1-10 Year TIPS ETF
TIPX
โ‚ฌ1.52 B16,01ย โ‚ฌ0.12%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon185
T. Rowe Price QM U.S. Bond ETF
TAGG
โ‚ฌ1.48 B35,99ย โ‚ฌ0.03%0.08%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon186
Vanguard California Tax-Exempt Bond ETF
VTEC
โ‚ฌ1.48 B84,30ย โ‚ฌ0.05%0.08%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon187
Amundi Euro Government Bond 7-10Y UCITS ETF Acc
LYXD.DE
โ‚ฌ1.47 B170,68ย โ‚ฌ0.01%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon188
iShares Aaa - A Rated Corporate Bond ETF
QLTA
โ‚ฌ1.45 B40,39ย โ‚ฌ0.04%0.15%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon189
iShares โ‚ฌ Corp Bond 0-3yr ESG UCITS ETF EUR (Acc)
IE3E.DE
โ‚ฌ1.44 B5,52ย โ‚ฌ0.13%0.12%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon190
iShares โ‚ฌ Inflation Linked Govt Bond UCITS ETF EUR (Acc)
IBCI.DE
โ‚ฌ1.44 B233,52ย โ‚ฌ0.24%0.09%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon191
BNP Paribas Easy Euro Corp Bond SRI Fossil Free 3-5Y UCITS ETF
ASR5.DE
โ‚ฌ1.43 B9,40ย โ‚ฌ0.26%0.15%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon192
iShares 20+ Year Treasury Bond Buywrite Strategy ETF
TLTW
โ‚ฌ1.42 B19,18ย โ‚ฌ0.26%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon193
VictoryShares Core Plus Intermediate Bond ETF
UBND
โ‚ฌ1.40 B18,44ย โ‚ฌ0.02%0.45%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon194
iShares High Yield Systematic Bond ETF
HYDB
โ‚ฌ1.39 B39,88ย โ‚ฌ0.05%0.35%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon195
PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Fund
HYS
โ‚ฌ1.37 B79,77ย โ‚ฌ0.00%0.56%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon196
iShares โ‚ฌ Corp Bond ESG UCITS ETF EUR (Acc)
SUA0.DE
โ‚ฌ1.35 B5,41ย โ‚ฌ0.15%0.14%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon197
Vanguard Short-Term Tax-Exempt Bond ETF Shares
VTES
โ‚ฌ1.35 B85,48ย โ‚ฌ0.04%0.06%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon198
Amundi EUR Floating Rate Corporate Bond ESG UCITS ETF Acc
FRNE.DE
โ‚ฌ1.34 B111,38ย โ‚ฌ0.02%0.18%๐Ÿ‡ช๐Ÿ‡บ EU
favorite icon199
Franklin Dynamic Municipal Bond ETF
FLMI
โ‚ฌ1.32 B20,96ย โ‚ฌ0.06%0.30%๐Ÿ‡บ๐Ÿ‡ธ US
favorite icon200
Amundi EUR Corporate Bond 1-5Y ESG UCITS ETF Acc
A4H7.DE
โ‚ฌ1.31 B55,16ย โ‚ฌ0.03%0.20%๐Ÿ‡ช๐Ÿ‡บ EU

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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