|  JPMorgan Municipal ETFJMUB | $50.66 | 0.05 | +0.09% | $3.77B | Investment grade | Active |
|  iShares Intermediate Government/Credit Bond ETFGVI | $107.57 | 0.00 | 0.00% | $3.73B | Investment grade | Vanilla |
|  iShares Short Duration Bond Active ETFNEAR | $51.27 | 0.00 | +0.01% | $3.58B | Investment grade | Active |
|  VanEck High Yield Muni ETFHYD | $51.16 | 0.02 | +0.05% | $3.53B | High yield | Vanilla |
|  State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.05 | 0.05 | +0.11% | $3.50B | Investment grade | Vanilla |
| iShares California Muni Bond ETFCMF | $57.55 | 0.05 | +0.08% | $3.42B | Investment grade | Vanilla |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $44.55 | -0.06 | -0.14% | $3.38B | Broad credit | Active |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.34 | 0.01 | +0.02% | $3.38B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.30 | 0.02 | +0.06% | $3.37B | Investment grade | Bullet maturity |
|  Capital Group U.S. Multi-Sector Income ETFCGMS | $27.61 | -0.20 | -0.70% | $3.29B | Broad credit | Active |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $23.36 | 0.04 | +0.15% | $3.28B | Investment grade | Vanilla |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.90 | 0.07 | +0.14% | $3.24B | Investment grade | Vanilla |
| JPMorgan Active Bond ETFJBND | $54.32 | 0.04 | +0.08% | $3.23B | Investment grade | Active |
|  Eaton Vance Total Return Bond ETFEVTR | $51.55 | -0.26 | -0.50% | $3.16B | Investment grade | Active |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.52 | 0.00 | +0.02% | $3.13B | Investment grade | Bullet maturity |
| VanEck Fallen Angel High Yield Bond ETFANGL | $29.52 | -0.04 | -0.12% | $3.08B | High yield | Fundamental |
| iShares Convertible Bond ETFICVT | $103.27 | 0.58 | +0.57% | $3.06B | Broad credit | Vanilla |
| Capital Group Core Bond ETFCGCB | $26.61 | -0.13 | -0.47% | $3.05B | Investment grade | Active |
| Invesco BulletShares 2025 Corporate Bond ETFBSCP | $20.70 | 0.02 | +0.07% | $2.98B | Investment grade | Bullet maturity |
| First Trust Smith Unconstrained Bond ETFUCON | $25.20 | -0.02 | -0.06% | $2.97B | Broad credit | Active |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.46 | -0.02 | -0.06% | $2.94B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.23 | 0.02 | +0.03% | $2.92B | Investment grade | Active |
| JPMorgan Limited Duration Bond ETFJPLD | $52.52 | 0.02 | +0.03% | $2.89B | Investment grade | Active |
| iShares iBonds Dec 2025 Term Corporate ETFIBDQ | $25.20 | 0.02 | +0.06% | $2.81B | Investment grade | Bullet maturity |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.55 | 0.00 | +0.02% | $2.80B | Investment grade | Bullet maturity |
|  Janus Henderson Short Duration Income ETFVNLA | $49.33 | 0.02 | +0.03% | $2.79B | Broad credit | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.21 | 0.04 | +0.18% | $2.77B | High yield | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.79 | -0.01 | -0.05% | $2.73B | Investment grade | Active |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.86 | 0.00 | +0.02% | $2.70B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.27 | 0.03 | +0.12% | $2.64B | Investment grade | Target duration |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $51.43 | -0.36 | -0.69% | $2.61B | Investment grade | Vanilla |
| VanEck IG Floating Rate ETFFLTR | $25.55 | 0.00 | -0.02% | $2.57B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.60 | -0.02 | -0.04% | $2.49B | Investment grade | Active |
| First Trust Senior Loan Fund ETFFTSL | $45.80 | 0.02 | +0.03% | $2.40B | High yield | Active |
|  Schwab Municipal Bond ETFSCMB | $25.89 | 0.01 | +0.02% | $2.39B | Investment grade | Vanilla |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.80 | 0.00 | 0.00% | $2.37B | Investment grade | Vanilla |
|  Global X U.S. Preferred ETFPFFD | $19.18 | -0.04 | -0.18% | $2.32B | Broad credit | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.80 | 0.00 | +0.03% | $2.30B | Investment grade | Bullet maturity |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.65 | 0.05 | +0.09% | $2.25B | Investment grade | Active |
| Capital Group Municipal High-Income ETFCGHM | $25.53 | -0.11 | -0.43% | $2.23B | Broad credit | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.63 | -0.07 | -0.30% | $2.23B | Broad credit | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.64 | 0.02 | +0.02% | $2.22B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.95 | 0.00 | -0.02% | $2.16B | Investment grade | Bullet maturity |
| SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $21.30 | 0.01 | +0.02% | $2.14B | Broad credit | Vanilla |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.14 | 0.00 | -0.02% | $2.11B | Investment grade | Bullet maturity |
|  ALPS Smith Core Plus Bond ETFSMTH | $26.18 | -0.04 | -0.13% | $2.07B | Broad credit | Active |
|  Hartford Total Return Bond ETFHTRB | $34.41 | -0.02 | -0.07% | $2.07B | Broad credit | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.41 | 0.01 | +0.01% | $2.03B | Investment grade | Target duration |
|  BNY Mellon Core Bond ETFBKAG | $42.70 | 0.00 | -0.01% | $2.02B | Investment grade | Vanilla |
| VanEck Intermediate Muni ETFITM | $47.13 | -0.01 | -0.02% | $2.00B | Investment grade | Vanilla |
| Invesco Total Return Bond ETFGTO | $47.56 | -0.05 | -0.09% | $1.93B | Broad credit | Active |
| First Trust Managed Municipal ETFFMB | $51.23 | 0.06 | +0.11% | $1.92B | Investment grade | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.66 | -0.05 | -0.29% | $1.92B | Broad credit | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.89 | 0.00 | +0.03% | $1.91B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2025 Term Treasury ETFIBTF | $23.36 | 0.00 | 0.00% | $1.85B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.20 | 0.00 | +0.02% | $1.83B | Investment grade | Bullet maturity |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $55.32 | -0.05 | -0.08% | $1.81B | Broad credit | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.55 | -0.03 | -0.13% | $1.81B | High yield | Fundamental |
|  TCW Flexible Income ETFFLXR | $39.83 | 0.06 | +0.16% | $1.80B | Broad credit | Active |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.30 | -0.12 | -0.54% | $1.80B | Broad credit | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $48.46 | -0.15 | -0.32% | $1.75B | Investment grade | Vanilla |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.52 | 0.00 | +0.02% | $1.75B | Investment grade | Bullet maturity |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.25 | 0.02 | +0.08% | $1.73B | Investment grade | Vanilla |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $68.67 | -0.61 | -0.88% | $1.72B | Investment grade | Vanilla |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.43 | -0.03 | -0.13% | $1.72B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.57 | -0.10 | -0.35% | $1.70B | Investment grade | Fundamental |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.84 | -0.01 | -0.02% | $1.68B | High yield | Active |
| Dimensional National Municipal Bond ETFDFNM | $48.23 | 0.02 | +0.03% | $1.68B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $47.53 | 0.02 | +0.05% | $1.64B | High yield | Multi-factor |
| Schwab High Yield Bond ETFSCYB | $26.54 | -0.04 | -0.13% | $1.64B | High yield | Vanilla |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.92 | -0.02 | -0.04% | $1.57B | Investment grade | Active |
| Capital Group Short Duration Income ETFCGSD | $25.95 | -0.11 | -0.44% | $1.56B | Investment grade | Active |
| Global X 1-3 Month T-Bill ETFCLIP | $100.44 | 0.04 | +0.04% | $1.53B | Investment grade | Vanilla |
| Janus Henderson B-BBB CLO ETFJBBB | $48.19 | 0.04 | +0.09% | $1.51B | Broad credit | Active |
|  Simplify MBS ETFMTBA | $50.40 | 0.02 | +0.03% | $1.50B | Investment grade | Active |
|  AB Ultra Short Income ETFYEAR | $50.67 | 0.04 | +0.08% | $1.48B | Investment grade | Active |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $43.18 | -0.05 | -0.11% | $1.48B | Investment grade | Active |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $95.33 | 0.07 | +0.08% | $1.47B | High yield | Vanilla |
| Eaton Vance Floating-Rate ETFEVLN | $49.45 | -0.27 | -0.53% | $1.47B | High yield | Active |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.78 | 0.03 | +0.07% | $1.46B | Investment grade | Active |
| First Trust Core Investment Grade ETFFTCB | $21.36 | -0.05 | -0.21% | $1.42B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $23.79 | -0.04 | -0.18% | $1.42B | Investment grade | Buy-write |
|  Vanguard Total World Bond ETFBNDW | $70.05 | 0.03 | +0.04% | $1.40B | Investment grade | Vanilla |
|  WisdomTree Voya Yield Enhanced USD Universal Bond FundUNIY | $49.35 | -0.02 | -0.03% | $1.40B | Broad credit | Multi-factor |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.96 | -0.11 | -0.25% | $1.38B | Investment grade | Multi-factor |
| FlexShares Ultra-Short Income FundRAVI | $75.63 | 0.00 | -0.01% | $1.38B | Investment grade | Active |
| Victory Portfolios II VictoryShares Core Plus Intermediate Bond ETFUBND | $22.09 | 0.00 | -0.02% | $1.38B | Broad credit | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.20 | -0.02 | -0.08% | $1.34B | Investment grade | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $98.57 | -0.25 | -0.26% | $1.34B | Investment grade | Vanilla |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.68 | 0.14 | +0.14% | $1.33B | Investment grade | Vanilla |
| SPDR Bloomberg International Treasury Bond ETFBWX | $22.71 | -0.02 | -0.11% | $1.32B | Investment grade | Vanilla |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.16 | 0.02 | +0.08% | $1.31B | Broad credit | Active |
| Vanguard California Tax-Exempt Bond ETFVTEC | $100.55 | -0.03 | -0.03% | $1.30B | Investment grade | Vanilla |
| JPMorgan BetaBuilders U.S. Aggregate Bond ETFBBAG | $46.77 | -0.02 | -0.05% | $1.30B | Investment grade | Vanilla |
| Invesco Emerging Markets Sovereign Debt ETFPCY | $21.90 | 0.03 | +0.12% | $1.29B | Broad credit | Technical |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.09 | 0.01 | +0.02% | $1.28B | Investment grade | Active |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.59 | -0.02 | -0.06% | $1.27B | Investment grade | Bullet maturity |
|  Avantis Core Fixed Income ETFAVIG | $42.11 | -0.04 | -0.10% | $1.27B | Investment grade | Active |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.93 | 0.05 | +0.09% | $1.26B | Investment grade | Active |
| iShares Trust iShares ESG Aware USD Corporate Bond ETFSUSC | $23.55 | -0.07 | -0.30% | $1.26B | Investment grade | ESG |
