|  iShares Short Duration Bond Active ETFNEAR | $50.90 | 0.05 | +0.11% | $4.19B | Investment grade | Active |
|  VanEck High Yield Muni ETFHYD | $50.82 | 0.02 | +0.04% | $4.15B | High yield | Vanilla |
|  iShares California Muni Bond ETFCMF | $57.51 | 0.00 | -0.01% | $4.13B | Investment grade | Vanilla |
|  Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.57 | 0.01 | +0.03% | $4.12B | Investment grade | Bullet maturity |
|  State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.30 | 0.01 | +0.01% | $3.92B | Investment grade | Vanilla |
| Invesco Preferred ETFPGX | $11.22 | 0.05 | +0.49% | $3.89B | Broad credit | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $107.02 | 0.11 | +0.10% | $3.88B | Investment grade | Vanilla |
|  Vanguard World Funds Extended Duration ETFEDV | $65.71 | 0.26 | +0.40% | $3.85B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.32 | 0.03 | +0.10% | $3.79B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.20 | 0.02 | +0.10% | $3.75B | Investment grade | Bullet maturity |
| Invesco National AMT-Free Municipal Bond ETFPZA | $23.33 | 0.01 | +0.06% | $3.72B | Investment grade | Vanilla |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.27 | 0.04 | +0.19% | $3.71B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.20 | 0.00 | +0.01% | $3.71B | Investment grade | Bullet maturity |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.41 | 0.02 | +0.04% | $3.68B | Investment grade | Active |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.47 | 0.14 | +0.38% | $3.67B | High yield | Vanilla |
|  Schwab Municipal Bond ETFSCMB | $25.72 | 0.00 | +0.02% | $3.66B | Investment grade | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.14 | 0.01 | +0.01% | $3.50B | Investment grade | Vanilla |
| Invesco Ultra Short Duration ETFGSY | $50.26 | 0.02 | +0.03% | $3.46B | Investment grade | Active |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $44.09 | 0.13 | +0.31% | $3.44B | Broad credit | Active |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.48 | 0.02 | +0.12% | $3.40B | Investment grade | Bullet maturity |
| First Trust Smith Unconstrained Bond ETFUCON | $24.97 | 0.07 | +0.26% | $3.24B | Broad credit | Active |
|  Janus Henderson Short Duration Income ETFVNLA | $49.02 | -0.01 | -0.01% | $3.09B | Broad credit | Active |
| VanEck Fallen Angel High Yield Bond ETFANGL | $28.90 | 0.12 | +0.40% | $3.08B | High yield | Fundamental |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.10 | -0.01 | -0.02% | $3.00B | High yield | Vanilla |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.95 | 0.07 | +0.30% | $2.98B | Investment grade | Bullet maturity |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.74 | -0.01 | -0.01% | $2.97B | Investment grade | Vanilla |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $37.52 | 0.34 | +0.91% | $2.96B | Investment grade | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.60 | 0.04 | +0.16% | $2.90B | Investment grade | Active |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.73 | 0.04 | +0.19% | $2.82B | Investment grade | Bullet maturity |
|  TCW Flexible Income ETFFLXR | $39.37 | 0.04 | +0.09% | $2.81B | Broad credit | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.59 | -0.01 | -0.02% | $2.76B | Investment grade | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $49.83 | 0.41 | +0.82% | $2.75B | Investment grade | Vanilla |
|  Capital Group Municipal High-Income ETFCGHM | $25.62 | 0.02 | +0.10% | $2.75B | Broad credit | Active |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.73 | 0.00 | +0.02% | $2.74B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.22 | 0.09 | +0.18% | $2.67B | Investment grade | Active |
| VanEck IG Floating Rate ETFFLTR | $25.47 | 0.02 | +0.06% | $2.59B | Investment grade | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.72 | 0.02 | +0.01% | $2.57B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.35 | 0.05 | +0.23% | $2.56B | Investment grade | Target duration |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.96 | 0.07 | +0.27% | $2.54B | Broad credit | Active |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.83 | 0.05 | +0.27% | $2.45B | Investment grade | Bullet maturity |
| Invesco Variable Rate Preferred ETFVRP | $24.30 | 0.07 | +0.27% | $2.44B | Broad credit | Vanilla |
| Schwab High Yield Bond ETFSCYB | $26.14 | 0.09 | +0.37% | $2.39B | High yield | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.89 | 0.00 | 0.00% | $2.36B | Investment grade | Bullet maturity |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.51 | 0.07 | +0.14% | $2.35B | Investment grade | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.24 | 0.19 | +0.35% | $2.32B | Broad credit | Active |
|  Hartford Total Return Bond ETFHTRB | $34.07 | 0.09 | +0.28% | $2.31B | Broad credit | Active |
| SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $20.91 | 0.04 | +0.17% | $2.30B | Broad credit | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.00 | 0.07 | +0.33% | $2.30B | Investment grade | Bullet maturity |
|  BNY Mellon Core Bond ETFBKAG | $42.34 | 0.11 | +0.25% | $2.25B | Investment grade | Vanilla |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.22 | 0.00 | 0.00% | $2.23B | Investment grade | Vanilla |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.10 | 0.16 | +0.79% | $2.23B | Broad credit | Active |
| First Trust Core Investment Grade ETFFTCB | $21.14 | 0.05 | +0.24% | $2.21B | Investment grade | Active |
| First Trust Senior Loan Fund ETFFTSL | $45.02 | 0.08 | +0.17% | $2.21B | High yield | Active |
| Global X U.S. Preferred ETFPFFD | $18.72 | 0.07 | +0.36% | $2.19B | Broad credit | Vanilla |
| VanEck Intermediate Muni ETFITM | $47.03 | -0.06 | -0.12% | $2.18B | Investment grade | Vanilla |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.90 | 0.04 | +0.25% | $2.16B | Broad credit | Vanilla |
| Vanguard California Tax-Exempt Bond ETFVTEC | $100.24 | 0.01 | +0.01% | $2.15B | Investment grade | Vanilla |
| Capital Group Short Duration Income ETFCGSD | $25.94 | 0.03 | +0.12% | $2.11B | Investment grade | Active |
| Invesco Total Return Bond ETFGTO | $47.30 | 0.12 | +0.24% | $2.10B | Broad credit | Active |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.43 | 0.01 | +0.04% | $2.07B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.41 | 0.01 | +0.01% | $2.07B | Investment grade | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.75 | 0.04 | +0.09% | $1.99B | Investment grade | Active |
| First Trust Managed Municipal ETFFMB | $51.32 | 0.00 | +0.01% | $1.96B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.31 | 0.05 | +0.23% | $1.94B | Broad credit | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.27 | -0.01 | -0.01% | $1.91B | Investment grade | Target duration |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.05 | 0.18 | +0.34% | $1.88B | High yield | Vanilla |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.34 | 0.05 | +0.23% | $1.86B | Investment grade | Vanilla |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.10 | 0.13 | +0.47% | $1.85B | Investment grade | Fundamental |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $42.95 | 0.05 | +0.10% | $1.85B | Investment grade | Active |
| Franklin Dynamic Municipal Bond ETFFLMI | $25.03 | -0.02 | -0.06% | $1.83B | Broad credit | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.72 | 0.06 | +0.28% | $1.81B | Investment grade | Buy-write |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.81 | 0.01 | +0.01% | $1.80B | Investment grade | Active |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $40.96 | 0.10 | +0.25% | $1.79B | High yield | Active |
| JPMorgan International Bond Opportunities ETFJPIB | $48.16 | 0.19 | +0.40% | $1.78B | Broad credit | Active |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.90 | 0.06 | +0.27% | $1.77B | Broad credit | Active |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.72 | 0.00 | 0.00% | $1.75B | Investment grade | Vanilla |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $47.69 | 0.23 | +0.47% | $1.73B | Investment grade | Vanilla |
|  Simplify MBS ETFMTBA | $50.09 | 0.11 | +0.21% | $1.71B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $46.70 | 0.19 | +0.40% | $1.68B | High yield | Multi-factor |
| iShares Fallen Angels USD Bond ETFFALN | $26.88 | 0.11 | +0.43% | $1.68B | High yield | Fundamental |
|  Avantis Core Fixed Income ETFAVIG | $41.76 | 0.13 | +0.30% | $1.65B | Investment grade | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.58 | 0.05 | +0.33% | $1.63B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.39 | 0.10 | +0.38% | $1.62B | Investment grade | Bullet maturity |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $93.43 | 0.27 | +0.28% | $1.62B | High yield | Vanilla |
| Vanguard Total Corporate Bond ETFVTC | $77.01 | 0.36 | +0.48% | $1.61B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.32 | 0.01 | +0.04% | $1.58B | Investment grade | Bullet maturity |
| Vanguard Total World Bond ETFBNDW | $68.69 | 0.14 | +0.21% | $1.57B | Investment grade | Vanilla |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.74 | 0.04 | +0.08% | $1.56B | Investment grade | Active |
| SPDR Bloomberg International Treasury Bond ETFBWX | $22.16 | 0.07 | +0.34% | $1.52B | Investment grade | Vanilla |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.04 | 0.05 | +0.24% | $1.50B | Investment grade | Active |
| Janus Henderson Securitized Income ETFJSI | $52.02 | 0.05 | +0.11% | $1.50B | Broad credit | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $97.16 | 0.43 | +0.44% | $1.47B | Investment grade | Vanilla |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $52.76 | 0.17 | +0.32% | $1.47B | Broad credit | Active |
|  AB Ultra Short Income ETFYEAR | $50.43 | 0.01 | +0.01% | $1.46B | Investment grade | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.12 | 0.01 | +0.04% | $1.46B | Investment grade | Active |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.25 | 0.22 | +0.49% | $1.45B | Investment grade | Multi-factor |
| Invesco Emerging Markets Sovereign Debt ETFPCY | $21.31 | 0.11 | +0.50% | $1.45B | Broad credit | Technical |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.00 | 0.03 | +0.13% | $1.45B | Broad credit | Active |
|  NYLI MacKay Muni Intermediate ETFMMIT | $24.41 | 0.00 | 0.00% | $1.45B | Investment grade | Active |
| FlexShares Ultra-Short Income FundRAVI | $75.34 | 0.02 | +0.03% | $1.43B | Investment grade | Active |
