Flow Traders U.S. LLC

SEC CIK: 0001466697
Latest filing: Aug 14, 2026

SEC filings (opens in a new tab)

Holdings in Q4 2022

Holdings as of Dec 31, 2022, filed Feb 14, 2023. Long positions only; changes compare share counts with Q3 2022.

Positions: 885; −145 vs. Q3 2022
Portfolio value: $1.99B; +$124.8M (+6.7%) vs. Q3 2022
Filed: Feb 14, 2023; SEC

Holdings of Flow Traders U.S. LLC in Q4 2022
Security	Class	Shares	Value	% of portfolio	Share change	Action	History
Ssga Active Tr78470P853	SPDR NUVEEN MUN	68,903	$2.02M	0.1%	+68,903	New	–
iShares Future AI & Tech ETF46435U556	ETF	80,283	$2.05M	0.1%	+51,047+174.6%	Added	–
First Trust Dow Jones Internet Index Fund33733E302	ETF	16,680	$2.05M	0.1%	−1,640−9.0%	Reduced	–
ProShares Tr74348A467	S&P 500 DV ARIST	22,861	$2.06M	0.1%	+1,404+6.5%	Added	–
iShares Tr46435G474	FALN ANGLS USD	84,031	$2.07M	0.1%	+75,642+901.7%	Added	–
First Tr Exch Traded FD III33739P707	RIVR FRNT DYN	41,012	$2.08M	0.1%	+22,169+117.7%	Added	–
Vanguard World FD921910873	MEGA CAP INDEX	15,707	$2.08M	0.1%	+15,707	New	–
State Street Health Care Select Sector SPDR ETF81369Y209	ETF	15,360	$2.09M	0.1%	+15,360	New	–
iShares Tr46434V266	INTERNATIONAL SL	69,815	$2.09M	0.1%	+69,815	New	–
iShares Tr46435G409	MSCI INTL VLU FT	90,537	$2.10M	0.1%	−73,610−44.8%	Reduced	–
Bondbloxx ETF Trust09789C200	USD HI YLD NON C	58,932	$2.11M	0.1%	−59,119−50.1%	Reduced	–
Vanguard Long-Term Treasury ETF92206C847	ETF	34,212	$2.11M	0.1%	+34,212	New	–
BNY Mellon ETF Trust09661T602	CORE BOND ETF	51,190	$2.13M	0.1%	+51,190	New	–
TSLATesla, Inc.	Stock	17,649	$2.17M	0.1%	+7,344+71.3%	Added	History
OUNZVanEck Merk Gold ETF	GOLD SHS	123,509	$2.19M	0.1%	+123,509	New	History
SVXYProShares Trust II	SHT VIX ST TRM	37,321	$2.19M	0.1%	+37,321	New	History
BNY Mellon ETF Trust09661T206	US MDCP CORE EQT	27,982	$2.19M	0.1%	+27,982	New	–
Dimensional ETF Trust25434V690	INTERNATIONAL	79,184	$2.20M	0.1%	+79,184	New	–
Ssga Active ETF Tr78467V707	ST STR UL BD ETF	55,319	$2.21M	0.1%	+55,319	New	–
BNY Mellon Global Emerging Markets ETF09661T883	ETP	56,928	$2.22M	0.1%	+1,373+2.5%	Added	–
SPDR Index Shs FDS78463X772	ST S&P INTL ETF	69,168	$2.24M	0.1%	+34,858+101.6%	Added	–
J P Morgan Exchange-Traded F46641Q175	ACTIVEBUILDE INT	55,602	$2.25M	0.1%	+10,338+22.8%	Added	–
Managed Portfolio Series56167N720	TORTOISE NRAM PI	91,779	$2.27M	0.1%	+91,779	New	–
TSMTaiwan Semiconductor Manufacturing Co Ltd	ADR	30,588	$2.28M	0.1%	+30,588	New	History
Dimensional World Ex U.S. Core Equity 2 ETF25434V880	ETF	106,505	$2.30M	0.1%	−41,935−28.3%	Reduced	–
iShares Ibonds 2028 Term High Yield and Income ETF46436E387	ETF	104,286	$2.31M	0.1%	−31,414−23.1%	Reduced	–
VanEck ETF Trust92189H409	HIGH YLD MUNIETF	45,799	$2.31M	0.1%	+45,799	New	–
First Tr Exchange-Traded Alp33737M409	SML CAP VAL ALPH	51,798	$2.33M	0.1%	+46,296+841.4%	Added	–
RBB FD Inc74933W452	F/M US TREASURY	47,028	$2.35M	0.1%	+47,028	New	–
Fidelity MSCI Information Technology Index ETF316092808	ETF	24,828	$2.35M	0.1%	+8,500+52.1%	Added	–
First Tr Exchange-Traded Alp33734Y109	COM SHS	30,187	$2.37M	0.1%	+22,912+314.9%	Added	–
iShares Tr46429B465	MSCI GERMNY ETF	43,481	$2.37M	0.1%	+43,481	New	–
WisdomTree Tr97717W505	US MIDCAP DIVID	58,091	$2.39M	0.1%	+58,091	New	–
Bondbloxx ETF Trust09789C309	USD HI YLD FINAN	68,461	$2.40M	0.1%	−15,842−18.8%	Reduced	–
iShares Tr46435G847	MSCI ACWI EXUS	93,991	$2.40M	0.1%	+63,723+210.5%	Added	–
ProShares Ultrapro Short RUSSELL200074347G390	ETF	44,562	$2.41M	0.1%	+38,596+646.9%	Added	–
Vanguard Morningstar Total Stock Market ETF922908769	ETF	12,645	$2.42M	0.1%	+12,645	New	–
Flexshares Tr33939L803	M STAR DEV MKT	40,197	$2.42M	0.1%	+40,197	New	–
Listed FD Tr53656F417	ROUNDHILL BALL	341,558	$2.45M	0.1%	+341,558	New	–
Nushares ETF Tr67092P888	NUVEEN ESG EMRGN	96,876	$2.46M	0.1%	+96,876	New	–
First Tr Exch Traded FD III33739P301	MUNI HI INCM ETF	53,581	$2.48M	0.1%	+8,740+19.5%	Added	–
iShares Tr46436E841	IBONDS 27 TRM TS	111,652	$2.48M	0.1%	+111,652	New	–
First Tr Exchange-Traded FD33739Q408	FIRST TR ENH NEW	42,156	$2.51M	0.1%	−10,922−20.6%	Reduced	–
WisdomTree Tr97717W182	CHINESE YUAN FD	100,337	$2.51M	0.1%	+46,904+87.8%	Added	–
Invesco Exch Traded FD Tr II46138G102	S&P SMLCP LOW	56,332	$2.52M	0.1%	+56,332	New	–
iShares Tr46434V878	ULTRA SHORT DUR	50,386	$2.52M	0.1%	+50,386	New	–
iShares Inc464286426	MSCI EM ASIA ETF	39,935	$2.53M	0.1%	−16,766−29.6%	Reduced	–
SVIXVS Trust	-1X SHRT VIX FUT	173,096	$2.54M	0.1%	+173,096	New	History
Franklin Templeton ETF Tr35473P769	FRANKLIN INDIA	87,293	$2.54M	0.1%	+87,293	New	–
BNY Mellon ETF Trust09661T503	EMRG MKT EQUIT	47,863	$2.55M	0.1%	−40,256−45.7%	Reduced	–
Dimensional ETF Trust25434V658	GLOBAL REAL EST	105,298	$2.57M	0.1%	+105,298	New	–
DBX ETF Tr233051507	XTRACK MSCI JAPN	53,656	$2.58M	0.1%	+11,458+27.2%	Added	–
J P Morgan Exchange Traded F46641Q654	ULTRA SHT MUNCPL	51,905	$2.62M	0.1%	−16,073−23.6%	Reduced	–
iShares Inc46434G780	MSCI SINGPOR ETF	140,751	$2.65M	0.1%	−95,597−40.4%	Reduced	–
VanEck ETF Trust92189H300	JP MRGAN EM LOC	109,594	$2.65M	0.1%	−42,909−28.1%	Reduced	–
BNY Mellon ETF Trust09661T107	US LRG CP CORE	37,958	$2.66M	0.1%	−3,371−8.2%	Reduced	–
Bondbloxx ETF Trust09789C606	USD HI YLD INDUS	75,072	$2.70M	0.1%	−11,669−13.5%	Reduced	–
Direxion Shs ETF Tr25460G260	DLY TSLA BEAR 1X	55,608	$2.73M	0.1%	+55,608	New	–
Capital Group Dividend Value14020W106	SHS CREAT UNIT	117,741	$2.78M	0.1%	+45,462+62.9%	Added	–
Dimensional ETF Trust25434V765	INTL HIGH PROFIT	127,749	$2.82M	0.1%	+17,213+15.6%	Added	–
WisdomTree Tr97717X719	CHINADIV EX FI	81,079	$2.82M	0.1%	+81,079	New	–
Direxion Shares ETF Trust25459Y207	NASDAQ 100 EQ WT	45,024	$2.87M	0.1%	+45,024	New	–
Bondbloxx ETF Trust097890107	USD HI YLD ENERG	77,971	$2.88M	0.1%	−75,194−49.1%	Reduced	–
WisdomTree Tr97717X784	WSDM EMKTBD FD	47,169	$2.92M	0.1%	−1,533−3.1%	Reduced	–
iShares Tr464287382	JPX NIKKEI 400	50,620	$2.95M	0.1%	−10,661−17.4%	Reduced	–
J P Morgan Exchange Traded F46641Q266	ACTIVEBLDRS EMER	88,272	$3.00M	0.2%	+34,396+63.8%	Added	–
Matthews Asia FDS577125826	ASIA INNOV ACTIV	123,669	$3.00M	0.2%	+123,669	New	–
Dimensional U.S. Small Cap ETF25434V500	ETF	59,411	$3.04M	0.2%	+59,411	New	–
Invesco Exch TRD SLF Idx FD46138J726	RAFI STRG US ETF	114,150	$3.07M	0.2%	+114,150	New	–
DBX ETF Tr233051879	XTRACK HRVST CSI	109,622	$3.07M	0.2%	+109,622	New	–
DBCInvesco DB Commodity Index Tracking Fund	UNIT	126,020	$3.11M	0.2%	+107,524+581.3%	Added	History
Dimensional ETF Trust25434V740	EMERGING MKTS VA	138,162	$3.12M	0.2%	+68,178+97.4%	Added	–
iShares Inc464286392	MSCI WORLD ETF	28,743	$3.14M	0.2%	−264,321−90.2%	Reduced	–
PIMCO ETF Tr72201R866	INTER MUN BD ACT	63,786	$3.28M	0.2%	+63,786	New	–
SPDR Series Trust78468R739	ST NUVE TERM ETF	70,383	$3.31M	0.2%	+70,383	New	–
Franklin Templeton ETF Tr35473P819	FTSE CHINA	177,513	$3.32M	0.2%	+145,532+455.1%	Added	–
iShares Inc464286319	EM MKTS DIV ETF	139,244	$3.36M	0.2%	+139,244	New	–
ProShares Tr74348A814	INFLATN EXPECTNS	102,221	$3.37M	0.2%	+102,221	New	–
iShares Inc464286814	MSCI NETHERL ETF	91,473	$3.41M	0.2%	+79,971+695.3%	Added	–
PIMCO ETF Tr72201R882	25YR+ ZERO U S	39,234	$3.43M	0.2%	+39,234	New	–
Dimensional ETF Trust25434V773	INTL SMALL CAP E	159,626	$3.43M	0.2%	+159,626	New	–
iShares Inc464286806	MSCI GERMANY ETF	141,228	$3.49M	0.2%	−331,831−70.1%	Reduced	–
iShares Tr46435G862	MSCI UN KNGDOM	141,742	$3.51M	0.2%	+57,219+67.7%	Added	–
J P Morgan Exchange-Traded F46641Q340	BETABUILDERS US	48,887	$3.55M	0.2%	+9,094+22.9%	Added	–
Vanguard Whitehall FDS921946794	INTL HIGH ETF	59,911	$3.57M	0.2%	−31,955−34.8%	Reduced	–
Capital Group Growth ETF14020G101	SHS CREAT UNIT	180,504	$3.60M	0.2%	+136,333+308.6%	Added	–
PSLVSprott Physical Silver Trust	PHYSICAL SILVER	437,509	$3.60M	0.2%	+311,811+248.1%	Added	History
Janus Detroit STR Tr47103U886	HENDRSN SHRT ETF	77,477	$3.67M	0.2%	+77,477	New	–
iShares Inc464286350	MSCI AGR PRO ETF	86,486	$3.71M	0.2%	+86,486	New	–
VanEck ETF Trust92189F700	AGRIBUSINESS ETF	44,107	$3.79M	0.2%	+37,288+546.8%	Added	–
iShares Inc464286780	MSCI STH AFR ETF	90,281	$3.83M	0.2%	+90,281	New	–
ProShares Tr74347G739	ULTSHRT QQQ	147,450	$3.83M	0.2%	+137,133+1,329.2%	Added	–
American Centy ETF Tr025072505	DIVERSIFIED MU	79,875	$3.91M	0.2%	+39,913+99.9%	Added	–
iShares Tr464288430	ASIA 50 ETF	68,940	$3.91M	0.2%	+56,954+475.2%	Added	–
iShares Tr464288356	CALIF MUN BD ETF	70,208	$3.94M	0.2%	−190,024−73.0%	Reduced	–
SPDR Index Shs FDS78463X871	ST INTL CAP ETF	134,278	$3.95M	0.2%	+134,278	New	–
iShares Tr464287440	7-10 YR TRSY BD	41,320	$3.96M	0.2%	−198,089−82.7%	Reduced	–
VanEck ETF Trust92189F437	FALLEN ANGEL HG	147,922	$4.00M	0.2%	−1,237,145−89.3%	Reduced	–
Invesco Exch Traded FD Tr II46138E206	CALIF AMT MUN	169,083	$4.08M	0.2%	+148,142+707.4%	Added	–
Invesco Actively Managed Exc46090A887	ULTRA SHRT DUR	83,177	$4.11M	0.2%	−25,235−23.3%	Reduced	–

Sold out since Q3 2022 (492)

Positions held at the end of Q3 2022 that are gone from this filing.

The largest 100 of 492 by value last quarter.

Positions of Flow Traders U.S. LLC sold out since Q3 2022
Security	Class	Shares in Q3 2022	Value in Q3 2022	% of portfolio in Q3 2022	History
iShares Core MSCI Eafe ETF46432F842	ETF	1,888,182	$99.5M	5.3%	–
iShares Tr464288257	MSCI ACWI ETF	878,532	$68.4M	3.7%	–
iShares MSCI Acwi Ex U.S. ETF464288240	ETF	814,426	$32.6M	1.7%	–
iShares Core MSCI Emerging Markets ETF46434G103	ETF	466,533	$20.1M	1.1%	–
iShares Tips Bond ETF464287176	ETF	180,012	$18.9M	1.0%	–
SPDR Series Trust78464A664	ST LON TREAS ETF	561,807	$16.7M	0.9%	–
Vanguard S&P 500 ETF922908363	ETF	42,486	$13.9M	0.7%	–
SPDR Series Trust78464A672	ST INTER ETF	477,752	$13.4M	0.7%	–
iShares Core S&P 500 ETF464287200	ETF	33,627	$12.1M	0.6%	–
State Street SPDR Portfolio S&P 500 ETF78464A854	ETF	280,839	$11.8M	0.6%	–
DIASPDR Dow Jones Industrial Average ETF Trust	UT SER 1	39,512	$11.4M	0.6%	History
SPDR Index Shs FDS78463X475	ST STR MSCI GLB	263,939	$11.3M	0.6%	–
Vanguard Information Technology ETF92204A702	ETF	31,301	$9.62M	0.5%	–
SPDR Index Shs FDS78463X848	ST STR ACWI ETF	447,334	$9.49M	0.5%	–
iShares Tr464287291	GLOBAL TECH ETF	210,387	$8.87M	0.5%	–
DBX ETF Tr233051200	XTRACK MSCI EAFE	248,740	$8.33M	0.4%	–
iShares Inc464286749	MSCI SWITZERLAND	205,546	$7.70M	0.4%	–
Flexshares Tr33939L662	HIG YLD VL ETF	180,888	$7.07M	0.4%	–
iShares Tr464288661	3 7 YR TREAS BD	60,688	$6.93M	0.4%	–
Goldman Sachs ETF Tr381430107	ACTIVEBETA INT	268,981	$6.66M	0.4%	–
Vanguard Scottsdale FDS92206C102	SHORT TERM TREAS	109,051	$6.30M	0.3%	–
Invesco Exch Traded FD Tr II46138E297	S&P EMRNG MKTS	285,791	$6.00M	0.3%	–
iShares Inc464286871	MSCI HONG KG ETF	325,134	$5.93M	0.3%	–
Invesco Exch TRD SLF Idx FD46138J817	BULSHS 2025 HY	260,359	$5.66M	0.3%	–
Invesco Exchange Traded FD T46137V613	RAFI US 1000 ETF	40,154	$5.57M	0.3%	–
SPDR Series Trust78468R861	STATE STRET SPDR	298,588	$5.44M	0.3%	–
SPDR Series Trust78468R606	ST PORT HIGH ETF	233,436	$5.09M	0.3%	–
State Street SPDR Portfolio Intermediate Term Corporate Bond ETF78464A375	ETF	162,567	$5.09M	0.3%	–
SPDR Index Shs FDS78463X103	PORTFLO EURP ETF	172,911	$4.98M	0.3%	–
VanEck ETF Trust92189F353	EMERGING MRKT HI	270,456	$4.56M	0.2%	–
GLDSPDR Gold Trust	ETF	27,554	$4.26M	0.2%	History
XOMExxonMobil Holdings Corp	COM	48,732	$4.25M	0.2%	History
iShares Inc464286285	JP MRGN EM HI BD	130,967	$4.25M	0.2%	–
iShares Inc46434G863	ESG AWR MSCI EM	146,133	$4.04M	0.2%	–
BNY Mellon ETF Trust09661T404	INTERNATIONL EQT	72,679	$3.89M	0.2%	–
WisdomTree Tr97717Y527	FLOATNG RAT TREA	72,374	$3.64M	0.2%	–
CVXChevron Corp	Stock	25,191	$3.62M	0.2%	History
iShares Inc46434G830	MSCI ITALY ETF	161,051	$3.46M	0.2%	–
iShares Tr464287762	US HLTHCARE ETF	13,621	$3.45M	0.2%	–
Invesco Bulletshares 2022 HY Bd (BSJM)46138J874	BULSHS 2022 HY	147,629	$3.24M	0.2%	–
iShares Tr464287572	GLOBAL 100 ETF	54,258	$3.23M	0.2%	–
iShares Core S&P U.S. Growth ETF464287671	ETF	40,071	$3.21M	0.2%	–
iShares Core High Dividend ETF46429B663	ETF	34,350	$3.14M	0.2%	–
SPDR Series Trust78468R200	ST STR RATE ETF	99,873	$3.03M	0.2%	–
Direxion Shs ETF Tr25460G336	DLY SEMICNDTR BR	42,304	$2.99M	0.2%	–
SPDR Series Trust78468R101	ST SHO TREAS ETF	97,090	$2.81M	0.2%	–
iShares Core Dividend Growth ETF46434V621	ETF	61,191	$2.72M	0.1%	–
First Tr Exchange-Traded FD33734X846	NASDAQ CYB ETF	69,421	$2.67M	0.1%	–
First Tr Exchange-Traded FD33734X101	CONSUMR DISCRE	60,680	$2.61M	0.1%	–
Barclays BK PLC06745T368	ETP	73,533	$2.57M	0.1%	–
DBAInvesco DB Agriculture Fund	AGRICULTURE FD	122,065	$2.44M	0.1%	History
iShares Tr464288182	MSCI AC ASIA ETF	41,044	$2.40M	0.1%	–
iShares Tr464287184	CHINA LG-CAP ETF	92,838	$2.40M	0.1%	–
iShares Tr464287580	US CONSUM DISCRE	40,439	$2.35M	0.1%	–
First Tr Exchange-Traded FD33734H106	SHS	63,964	$2.29M	0.1%	–
DJPBarclays Bank PLC	DJUBS CMDT ETN36	69,461	$2.29M	0.1%	History
Investment Managers Ser Tr I46144X867	AXS TSLA BEAR DL	53,428	$2.27M	0.1%	–
iShares Ibonds 2026 Term High Yield and Income ETF46436E528	ETF	103,489	$2.26M	0.1%	–
iShares Tr464288869	MICRO-CAP ETF	21,344	$2.21M	0.1%	–
Invesco Exch TRD SLF Idx FD46138J833	BULSHS 2024 HY	99,324	$2.15M	0.1%	–
iShares Core U.S. Aggregate Bond ETF464287226	ETF	22,016	$2.12M	0.1%	–
iShares Core S&P Small Cap ETF464287804	ETF	23,099	$2.01M	0.1%	–
Invesco Exch Traded FD Tr II46138E149	S&P SMLCP HELT	15,263	$2.01M	0.1%	–
iShares Ibonds 2025 Term High Yield & Income ETF46435U168	ETF	90,392	$2.00M	0.1%	–
iShares Tr464288786	U.S. INSRNCE ETF	25,274	$2.00M	0.1%	–
Vanguard Industrials ETF92204A603	ETF	12,624	$1.99M	0.1%	–
iShares Tr464288158	SHRT NAT MUN ETF	18,761	$1.93M	0.1%	–
First Tr Exchange Traded FD33738R605	DORSEY WRT 5 ETF	46,547	$1.91M	0.1%	–
Invesco Exch Traded FD Tr II46138E370	S&P 500 HB ETF	32,193	$1.85M	0.1%	–
Vanguard World FD921910816	MEGA GRWTH IND	10,527	$1.83M	0.1%	–
Schwab U.S. Large-Cap ETF808524201	ETF	42,740	$1.81M	0.1%	–
SPDR Index Shs FDS78463X202	ST STR EU 50 ETF	58,747	$1.81M	0.1%	–
SPDR Index Shs FDS78463X541	ST STR NAT ETF	36,163	$1.79M	0.1%	–
iShares Tr46429B614	MSCI INDIA SM CP	33,661	$1.77M	0.1%	–
First Trust Cloud Computing ETF33734X192	ETF	28,588	$1.73M	0.1%	–
Dimensional ETF Trust25434V856	INFLATION PROTE	42,282	$1.72M	0.1%	–
Vanguard Scottsdale FDS92206C649	VNG RUS2000VAL	15,105	$1.71M	0.1%	–
Invesco Exch TRD SLF Idx FD46138J585	BULETSHS 2027	83,451	$1.71M	0.1%	–
Vanguard Financials ETF92204A405	ETF	21,873	$1.63M	0.1%	–
Vanguard Scottsdale FDS92206C680	VNG RUS1000GRW	29,522	$1.60M	0.1%	–
ProShares Tr74348A608	SHT 7-10 YR TR	55,196	$1.58M	0.1%	–
Vanguard World FD921910733	ESG US STK ETF	24,870	$1.56M	0.1%	–
SPDR Index Shs FDS78463X533	ST MAR DIVID ETF	70,098	$1.55M	0.1%	–
iShares Russell 2000 Growth ETF464287648	ETF	7,445	$1.54M	0.1%	–
iShares Tr464287556	ISHARES BIOTECH	13,123	$1.53M	0.1%	–
iShares Tr464287788	U.S. FINLS ETF	22,686	$1.53M	0.1%	–
iShares Inc46434G889	EMNG MKTS EQT	39,213	$1.51M	0.1%	–
Flexshares Tr33939L886	ULTR SHO INC FD	20,237	$1.50M	0.1%	–
iShares Inc464286251	JP MRG EM CRP BD	36,123	$1.49M	0.1%	–
VanEck ETF Trust92189F791	JUNIOR GOLD MINE	50,339	$1.48M	0.1%	–
iShares Tr464288406	MRGSTR MD CP VAL	26,275	$1.47M	0.1%	–
SOYBTeucrium Commodity Trust	SOYBEAN FD	55,153	$1.44M	0.1%	History
J P Morgan Exchange Traded F46641Q878	BET USD HIG ETF	32,812	$1.39M	0.1%	–
iShares Tr464288323	NEW YORK MUN ETF	27,193	$1.38M	0.1%	–
iShares Tr464287739	U.S. REAL ES ETF	16,584	$1.35M	0.1%	–
Hartford FDS Exchange Traded41653L503	MUN OPORTUNITE	36,890	$1.34M	0.1%	–
iShares Tr46434V803	HDG MSCI EAFE	44,423	$1.33M	0.1%	–
VanEck ETF Trust92189H201	INTRMDT MUNI ETF	30,332	$1.32M	0.1%	–
PIMCO ETF Tr72201R635	MUNI INCOME OPP	30,738	$1.31M	0.1%	–
iShares Tr464288208	MRGSTR MD CP ETF	24,249	$1.31M	0.1%	–