Portfolio Holdings Detail for ISIN IE00BF4RFH31
Stock Name / FundiShares MSCI World Small Cap UCITS ETF USD (Acc)
IssuerBlackrock
Entity holding fund iShares III Public Limited Company
Entity TypeUmbrella investment company with variable capital and having segregated liability between its funds
Entity LEI 549300PZLRJB7M8H1057
ETF TickerWSML(USD) LSE
ETF TickerWLDS(GBP) LSE
ETF TickerIUSN(EUR) F
ETF TickerIUSN.DE(EUR) CXE
ETF TickerWLDS.LS(GBP) CXE
ETF TickerWSML.LS(USD) CXE
ETF TickerWSML.L(GBP) LSE
ETF TickerWLDS.L(GBP) LSE

Holdings detail for BRKR

Stock NameBruker Corporation
TickerBRKR(USD) NASDAQ
TYPECommon Stock
CountryUSA
ISINUS1167941087
LEILEBZ6VLQ6I8XB1NHVY15

Show aggregate BRKR holdings

News associated with BRKR

Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 14:14:02
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 12:58:48
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 12:49:33
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 10:57:53
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 10:22:55
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 07:14:40
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 03:36:38
Stocks Supported as Chances Improve for a Fed Rate Cut
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed up by +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up by +0.79%. September E-mini S&P futures (ESU25 ) rose +0.56%, and September... - 2025-09-04 02:24:00
Stocks and Bonds Climb as Weak Jobs Bolster Fed Rate Cut Chances
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.02%. September E-mini S&P futures (ESU25 ) are up +0.56%, and September... - 2025-09-03 20:01:33
Stocks Climb as Alphabet and Apple Rally and Bond Yields Stabilize
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.46%. September E-mini S&P futures (ESU25 ) are up +0.37%, and September... - 2025-09-03 18:56:46
Stocks and Bonds Climb as Weak Jobs Bolster Fed Rate Cut Chances
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +1.02%. September E-mini S&P futures (ESU25 ) are up +0.56%, and September... - 2025-09-03 14:21:59
Stocks Climb as Alphabet and Apple Rally and Bond Yields Stabilize
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.46%. September E-mini S&P futures (ESU25 ) are up +0.37%, and September... - 2025-09-03 13:34:22
Stocks Climb as Alphabet and Apple Rally and Bond Yields Stabilize
The S&P 500 Index ($SPX ) (SPY ) today is up by +0.38%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down by -0.05%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up by +0.46%. September E-mini S&P futures (ESU25 ) are up +0.37%, and September... - 2025-09-03 12:58:10
Cetera Investment Advisers Lowers Holdings in Bruker Corporation (NASDAQ:BRKR)
Cetera Investment Advisers cut its holdings in Bruker Corporation (NASDAQ:BRKR – Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,041 shares of the medical research company’s stock after selling 3,042 shares during the period. Cetera […] - 2025-08-14 04:41:03
US Bancorp DE Raises Position in Bruker Corporation (NASDAQ:BRKR)
US Bancorp DE grew its position in Bruker Corporation (NASDAQ:BRKR – Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,313 shares of the medical research company’s stock after buying an additional 480 shares during the period. US Bancorp DE’s holdings in Bruker were […] - 2025-08-13 04:32:48
Bruker Corporation (NASDAQ:BRKR) Receives $51.30 Consensus Target Price from Brokerages
Shares of Bruker Corporation (NASDAQ:BRKR – Get Free Report) have been assigned a consensus rating of “Hold” from the eleven brokerages that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among […] - 2025-08-13 03:14:50
PNC Financial Services Group Inc. Sells 2,772 Shares of Bruker Corporation (NASDAQ:BRKR)
PNC Financial Services Group Inc. lowered its holdings in shares of Bruker Corporation (NASDAQ:BRKR – Free Report) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,453 shares of the medical research company’s stock after selling 2,772 shares during […] - 2025-08-12 04:56:49
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 15:46:29
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 14:51:03
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 14:45:58
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 14:40:30
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 14:31:51
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 12:55:59
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 12:11:07
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 10:59:26
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 09:55:56
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 08:47:52
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 08:35:33
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 08:30:30
Stocks Rally on Fed Rate Cut Speculation
The S&P 500 Index ($SPX ) (SPY ) Monday closed up +1.47%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.87%. September E-mini S&P futures (ESU25 ) rose +1.58%, and September E-mini Nasdaq futures (NQU25... - 2025-08-05 06:57:11

iShares MSCI World Small Cap UCITS ETF USD (Acc) BRKR holdings

DateNumber of BRKR Shares HeldBase Market Value of BRKR SharesLocal Market Value of BRKR SharesChange in BRKR Shares HeldChange in BRKR Base ValueCurrent Price per BRKR Share HeldPrevious Price per BRKR Share Held
2025-11-27 (Thursday)74,549USD 3,655,137USD 3,655,1370USD 0 USD 49.03 USD 49.03
2025-11-26 (Wednesday)74,549BRKR holding decreased by -140USD 3,655,137BRKR holding decreased by -29271USD 3,655,137-140USD -29,271 USD 49.03 USD 49.33
2025-11-25 (Tuesday)74,689USD 3,684,408BRKR holding increased by 132199USD 3,684,4080USD 132,199 USD 49.33 USD 47.56
2025-11-24 (Monday)74,689USD 3,552,209BRKR holding increased by 21660USD 3,552,2090USD 21,660 USD 47.56 USD 47.27
2025-11-21 (Friday)74,689USD 3,530,549BRKR holding increased by 256183USD 3,530,5490USD 256,183 USD 47.27 USD 43.84
2025-11-20 (Thursday)74,689BRKR holding increased by 432USD 3,274,366BRKR holding increased by 52355USD 3,274,366432USD 52,355 USD 43.84 USD 43.39
2025-11-19 (Wednesday)74,257BRKR holding increased by 4350USD 3,222,011BRKR holding increased by 239778USD 3,222,0114,350USD 239,778 USD 43.39 USD 42.66
2025-11-18 (Tuesday)69,907USD 2,982,233BRKR holding increased by 62218USD 2,982,2330USD 62,218 USD 42.66 USD 41.77
2025-11-17 (Monday)69,907USD 2,920,015BRKR holding increased by 10486USD 2,920,0150USD 10,486 USD 41.77 USD 41.62
2025-11-14 (Friday)69,907BRKR holding decreased by -560USD 2,909,529BRKR holding decreased by -35287USD 2,909,529-560USD -35,287 USD 41.62 USD 41.79
2025-11-13 (Thursday)70,467USD 2,944,816BRKR holding decreased by -49327USD 2,944,8160USD -49,327 USD 41.79 USD 42.49
2025-11-12 (Wednesday)70,467USD 2,994,143BRKR holding increased by 53555USD 2,994,1430USD 53,555 USD 42.49 USD 41.73
2025-11-11 (Tuesday)70,467USD 2,940,588BRKR holding increased by 66944USD 2,940,5880USD 66,944 USD 41.73 USD 40.78
2025-11-10 (Monday)70,467USD 2,873,644BRKR holding increased by 59897USD 2,873,6440USD 59,897 USD 40.78 USD 39.93
Share price and value of shares held is calculated on the adjusted close price of each day (row). Changes between days reflect the gain/loss of the portfolio as a result of changes in the adjusted close price and changes in the holdings

Share Trades of BRKR by Blackrock for IE00BF4RFH31

Show aggregate share trades of BRKR

DateActionQuantityMarket HighMarket LowLikely Trade PriceLikely Trade Value (Profit/Loss)Average Price previous trades
2025-11-26SELL-14049.33047.940 48.079USD -6,731 44.51 Loss of -499 on sale
2025-11-26SELL-14049.33047.940 48.079USD -6,731 44.51 Loss of -499 on sale
2025-11-20BUY43245.74043.610 43.823USD 18,932 44.46
2025-11-19BUY4,35043.72042.660 42.766USD 186,032 44.47
2025-11-14SELL-56042.09040.640 40.785USD -22,840 44.51 Profit of 2,084 on sale
2025-10-29BUY28037.74038.969 38.846USD 10,877 44.80
2025-10-21BUY56038.78039.760 39.662USD 22,211 45.00
2025-10-07BUY28034.56036.880 36.648USD 10,261 45.14
2025-09-08SELL-56430.80031.050 31.025USD -17,498 45.85 Profit of 8,361 on sale
2025-08-15BUY28033.52034.670 34.555USD 9,675 45.92
2025-08-07BUY84031.16031.340 31.322USD 26,310 46.08
2025-07-29BUY28042.05044.360 44.129USD 12,356 46.44
2025-07-14BUY56043.21043.620 43.579USD 24,404 46.69
2025-06-30BUY56041.20042.270 42.163USD 23,611 46.89
2025-06-25BUY84040.93041.940 41.839USD 35,145 47.00
2025-06-20SELL-14138.08039.160 39.052USD -5,506 47.17 Profit of 1,145 on sale
2025-06-12SELL-1,12039.87040.020 40.005USD -44,806 47.56 Profit of 8,462 on sale
2025-06-02BUY42336.73036.950 36.928USD 15,621 48.14
2025-05-28BUY28236.97037.320 37.285USD 10,514 48.42
2025-05-14BUY14036.85038.830 38.632USD 5,408 49.46
2025-05-13BUY28038.74040.390 40.225USD 11,263 49.55
2025-05-07BUY42040.76041.320 41.264USD 17,331 49.92
2025-04-28BUY14039.66039.970 39.939USD 5,591 50.62
2025-04-16BUY1,82037.74039.150 39.009USD 70,996 51.77
2025-04-14BUY28039.97040.340 40.303USD 11,285 52.05
2025-04-08SELL-28036.36040.210 39.825USD -11,151 52.67 Profit of 3,597 on sale
2025-04-04SELL-28236.46037.310 37.225USD -10,497 53.03 Profit of 4,458 on sale
2025-03-28BUY1,40042.08043.510 43.367USD 60,714 53.62
2025-03-12SELL-28044.96046.380 46.238USD -12,947 55.13 Profit of 2,491 on sale
2025-03-04SELL-28046.42047.110 47.041USD -13,171 55.78 Profit of 2,448 on sale
2025-02-26SELL-56050.50052.200 52.030USD -29,137 56.31 Profit of 2,396 on sale
2025-02-13BUY14151.15053.110 52.914USD 7,461 57.24
2025-02-12BUY56451.65051.720 51.713USD 29,166 57.35
2025-01-27BUY14055.99057.700 57.529USD 8,054 57.97
2025-01-23BUY14058.19060.090 59.900USD 8,386 57.99
2024-12-09BUY5,04061.45061.910 61.864USD 311,795 57.75
2024-12-04BUY28059.50060.300 60.220USD 16,862 57.62
2024-12-03BUY42057.55058.690 58.576USD 24,602 57.63
2024-11-19BUY84048.25049.110 49.024USD 41,180 58.29
2024-11-18BUY28049.41051.490 51.282USD 14,359 58.81
2024-11-12BUY56056.02057.100 56.992USD 31,916 58.98
2024-11-11BUY14056.65058.050 57.910USD 8,107 59.14
2024-11-07BUY69560.49061.170 61.102USD 42,466 59.14
2024-10-23BUY27859.68060.720 60.616USD 16,851 61.14
Market high and low price is on the date.

* (if shown) = market close price used not a projected price. This is used when we do not have market data available to calculate a projection

The likely trade price/value is our estimate on the likely price the trade took place at and is not the actual trade price. The likely LOSS/GAIN is our estimate. Where a profit/loss value is shown in the Likely Trade Value column, this is derived from matching trades between periods eg the most recent previous BUY is matched with the SELL for the same number of shares and the difference between the likely BUY price and likely SELL price is calculated. Where a profit or loss is shown in the Average Price of Previous Trades column, this is dervied using the likely trade price compared to the average of previous trades based on adjusted close

Shorting History of BRKR

DateShorted VolumeShort Exempt VolumeTotal Shares Traded% Shorted
2025-09-19557,87401,684,64733.1%
2025-09-18802,452811,824,90944.0%
2025-09-171,156,33701,644,72270.3%
2025-09-161,004,20101,738,39357.8%
2025-09-151,193,8066492,476,07548.2%
2025-09-12734,4123,8271,423,71251.6%
2025-09-111,230,19302,090,93358.8%
2025-09-10790,69201,650,23547.9%
2025-09-09705,6972001,548,72745.6%
2025-09-081,198,0731531,822,83165.7%
2025-09-053,657,16005,375,53268.0%
2025-09-048,324,5687,82710,953,87876.0%
2025-09-036,018,56469,8418,355,29572.0%
2025-09-02430,5860737,70858.4%
2025-08-29337,065190834,02340.4%
2025-08-28274,7040715,73938.4%
2025-08-27649,30201,076,86160.3%
2025-08-26386,828300847,47445.6%
2025-08-25482,5830675,68371.4%
2025-08-22476,838200838,09656.9%
2025-08-21635,5810971,16665.4%
2025-08-20451,5840690,37665.4%
2025-08-19778,0315001,316,48859.1%
2025-08-18694,3681001,158,35659.9%
2025-08-15383,0530858,91044.6%
2025-08-14377,6000919,97041.0%
2025-08-13524,9773001,112,50047.2%
2025-08-12624,2912481,215,28651.4%
2025-08-11939,123661,843,65550.9%
2025-08-08705,61101,883,26137.5%
2025-08-07962,57916,8241,718,14756.0%
2025-08-061,291,3453,6392,485,20552.0%
2025-08-051,206,38411,0952,354,16951.2%
2025-08-042,163,53549,1723,362,32264.3%
2025-08-011,097,267261,659,52766.1%
2025-07-31803,92174991,35881.1%
2025-07-30523,132263702,68174.4%
2025-07-29532,984248940,96756.6%
2025-07-281,187,954361,740,37068.3%
2025-07-25864,13301,456,46259.3%
2025-07-24936,3559,0921,082,93786.5%
2025-07-231,301,47401,568,79783.0%
2025-07-221,113,0387,0071,690,34665.8%
2025-07-213,826,63557,4635,883,51265.0%
2025-07-18683,944112840,03981.4%

The data here is derived from FINRA daily shorted trade data. The Daily Short Sale Volume is the total volume of short trades that meet certain criteria on each trade date by 6 PM ET on the trade date. The detail trade data is derived from the monthly shorted trade data which will differ in aggregate. The detail trade data is derived from the transaction level data and includes ALL trades (including exempt) and the aggregation period extends beyond 6pm.

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Note: All information is provided as is without warranty and should be used for indicative purposes only. You should independently check data before making any investment decision. This information is derived from third party sources and we cannot guarantee that their data is current, accurate, complete, free from defects etc and we therefore accept no responsibility for how it may be used. We accept no liability.