|  State Street DoubleLine Total Return Tactical ETFTOTL | $40.33 | 0.03 | +0.07% | $4.10B | Broad credit | Active |
|  Invesco Preferred ETFPGX | $11.38 | -0.01 | -0.04% | $4.05B | Broad credit | Vanilla |
|  Vanguard World Funds Extended Duration ETFEDV | $64.90 | -0.57 | -0.88% | $3.95B | Investment grade | Vanilla |
|  iShares California Muni Bond ETFCMF | $57.90 | 0.07 | +0.11% | $3.90B | Investment grade | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $107.47 | 0.08 | +0.08% | $3.90B | Investment grade | Vanilla |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.48 | 0.03 | +0.04% | $3.89B | Investment grade | Vanilla |
|  iShares Short Duration Bond Active ETFNEAR | $51.27 | 0.02 | +0.05% | $3.88B | Investment grade | Active |
|  Capital Group Core Bond ETFCGCB | $26.52 | -0.07 | -0.28% | $3.88B | Investment grade | Active |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.29 | 0.02 | +0.06% | $3.82B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.55 | 0.03 | +0.10% | $3.70B | Investment grade | Bullet maturity |
|  Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)TMF | $36.96 | -0.55 | -1.46% | $3.67B | Investment grade | Vanilla |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.36 | 0.02 | +0.10% | $3.66B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.52 | 0.03 | +0.11% | $3.57B | Investment grade | Bullet maturity |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $37.06 | 0.04 | +0.12% | $3.54B | High yield | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.33 | 0.00 | -0.01% | $3.47B | Investment grade | Vanilla |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $44.27 | -0.03 | -0.08% | $3.45B | Broad credit | Active |
|  Schwab Municipal Bond ETFSCMB | $25.91 | 0.04 | +0.14% | $3.42B | Investment grade | Vanilla |
| Invesco Ultra Short Duration ETFGSY | $50.26 | 0.03 | +0.05% | $3.40B | Investment grade | Active |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.59 | 0.00 | +0.02% | $3.28B | Investment grade | Bullet maturity |
| Invesco National AMT-Free Municipal Bond ETFPZA | $23.29 | -0.05 | -0.24% | $3.27B | Investment grade | Vanilla |
| First Trust Smith Unconstrained Bond ETFUCON | $25.14 | -0.01 | -0.06% | $3.20B | Broad credit | Active |
|  VanEck Fallen Angel High Yield Bond ETFANGL | $29.59 | 0.02 | +0.05% | $3.13B | High yield | Fundamental |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.65 | 0.03 | +0.05% | $3.04B | Investment grade | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $46.00 | 0.05 | +0.10% | $3.02B | Investment grade | Vanilla |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.10 | 0.01 | +0.02% | $3.00B | High yield | Vanilla |
|  Janus Henderson Short Duration Income ETFVNLA | $49.16 | -0.16 | -0.33% | $2.93B | Broad credit | Active |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.14 | 0.02 | +0.07% | $2.85B | Investment grade | Bullet maturity |
|  Franklin U.S. Core Bond ETFFLCB | $21.70 | 0.02 | +0.07% | $2.83B | Investment grade | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.71 | -0.11 | -0.22% | $2.83B | Investment grade | Vanilla |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.84 | 0.00 | +0.02% | $2.77B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.40 | 0.00 | -0.01% | $2.72B | Investment grade | Active |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.86 | 0.02 | +0.08% | $2.70B | Investment grade | Bullet maturity |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.84 | 0.01 | +0.01% | $2.60B | Investment grade | Active |
| Capital Group Municipal High-Income ETFCGHM | $25.58 | -0.01 | -0.04% | $2.57B | Broad credit | Active |
|  TCW Flexible Income ETFFLXR | $39.78 | 0.02 | +0.06% | $2.57B | Broad credit | Active |
| VanEck IG Floating Rate ETFFLTR | $25.57 | 0.02 | +0.06% | $2.56B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.18 | 0.01 | +0.06% | $2.52B | Investment grade | Target duration |
|  ALPS Smith Core Plus Bond ETFSMTH | $26.04 | -0.01 | -0.05% | $2.40B | Broad credit | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.43 | 0.00 | +0.02% | $2.39B | Broad credit | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.93 | -0.01 | -0.02% | $2.38B | Investment grade | Bullet maturity |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.91 | 0.02 | +0.09% | $2.36B | Investment grade | Bullet maturity |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.90 | 0.05 | +0.10% | $2.36B | Investment grade | Vanilla |
| First Trust Senior Loan Fund ETFFTSL | $45.42 | -0.15 | -0.32% | $2.33B | High yield | Active |
| SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $21.68 | -0.18 | -0.85% | $2.32B | Broad credit | Vanilla |
|  Global X U.S. Preferred ETFPFFD | $19.41 | -0.03 | -0.13% | $2.25B | Broad credit | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.61 | 0.02 | +0.02% | $2.24B | Investment grade | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.49 | -0.03 | -0.05% | $2.22B | Broad credit | Active |
| Global X 1-3 Month T-Bill ETFCLIP | $100.39 | 0.03 | +0.03% | $2.22B | Investment grade | Vanilla |
|  BNY Mellon Core Bond ETFBKAG | $42.51 | -0.03 | -0.07% | $2.21B | Investment grade | Vanilla |
| VanEck Intermediate Muni ETFITM | $47.41 | 0.02 | +0.05% | $2.20B | Investment grade | Vanilla |
| Schwab High Yield Bond ETFSCYB | $26.61 | 0.04 | +0.13% | $2.20B | High yield | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.23 | 0.04 | +0.17% | $2.16B | Investment grade | Bullet maturity |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.77 | -0.03 | -0.11% | $2.14B | Broad credit | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.27 | -0.03 | -0.14% | $2.12B | Broad credit | Vanilla |
|  Hartford Total Return Bond ETFHTRB | $34.16 | -0.13 | -0.36% | $2.06B | Broad credit | Active |
| Invesco Total Return Bond ETFGTO | $47.46 | -0.03 | -0.07% | $2.05B | Broad credit | Active |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.52 | 0.01 | +0.07% | $2.01B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.52 | 0.02 | +0.04% | $1.98B | Investment grade | Active |
| First Trust Core Investment Grade ETFFTCB | $21.18 | -0.01 | -0.05% | $1.96B | Investment grade | Active |
| Capital Group Short Duration Income ETFCGSD | $26.02 | -0.08 | -0.29% | $1.95B | Investment grade | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.84 | 0.08 | +0.15% | $1.93B | High yield | Vanilla |
| First Trust Managed Municipal ETFFMB | $51.41 | 0.06 | +0.13% | $1.92B | Investment grade | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.40 | 0.03 | +0.05% | $1.92B | Investment grade | Target duration |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.45 | -0.01 | -0.03% | $1.87B | Broad credit | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.99 | 0.03 | +0.07% | $1.86B | Investment grade | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.57 | 0.00 | -0.02% | $1.86B | High yield | Fundamental |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.46 | -0.01 | -0.03% | $1.83B | Investment grade | Fundamental |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.20 | 0.02 | +0.08% | $1.83B | Investment grade | Vanilla |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.59 | -0.02 | -0.05% | $1.78B | High yield | Active |
| Vanguard California Tax-Exempt Bond ETFVTEC | $100.94 | 0.09 | +0.09% | $1.78B | Investment grade | Vanilla |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $43.01 | 0.01 | +0.02% | $1.77B | Investment grade | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $48.22 | -0.03 | -0.06% | $1.74B | Investment grade | Vanilla |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.77 | 0.01 | +0.01% | $1.73B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.75 | -0.09 | -0.41% | $1.70B | Investment grade | Buy-write |
|  Simplify MBS ETFMTBA | $50.40 | -0.02 | -0.05% | $1.69B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $47.73 | 0.05 | +0.09% | $1.67B | High yield | Multi-factor |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $22.02 | 0.00 | -0.02% | $1.65B | Broad credit | Active |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $95.20 | 0.15 | +0.16% | $1.63B | High yield | Vanilla |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $102.33 | 0.06 | +0.06% | $1.62B | Investment grade | Vanilla |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.68 | 0.01 | +0.09% | $1.58B | Investment grade | Bullet maturity |
|  Avantis Core Fixed Income ETFAVIG | $42.05 | -0.01 | -0.03% | $1.57B | Investment grade | Active |
| JPMorgan International Bond Opportunities ETFJPIB | $49.15 | -0.04 | -0.09% | $1.57B | Broad credit | Active |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.63 | 0.02 | +0.10% | $1.56B | Investment grade | Bullet maturity |
| Vanguard Total World Bond ETFBNDW | $69.00 | -0.06 | -0.09% | $1.55B | Investment grade | Vanilla |
| Franklin Dynamic Municipal Bond ETFFLMI | $25.13 | 0.05 | +0.18% | $1.53B | Broad credit | Active |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $63.78 | -0.80 | -1.23% | $1.52B | Investment grade | Vanilla |
| Vanguard Total Corporate Bond ETFVTC | $77.96 | 0.00 | 0.00% | $1.51B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.41 | 0.02 | +0.09% | $1.50B | Investment grade | Bullet maturity |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.77 | -0.02 | -0.03% | $1.47B | Investment grade | Multi-factor |
|  AB Ultra Short Income ETFYEAR | $50.63 | 0.03 | +0.07% | $1.46B | Investment grade | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $98.24 | -0.03 | -0.03% | $1.46B | Investment grade | Vanilla |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.14 | -0.04 | -0.20% | $1.46B | Broad credit | Active |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $52.05 | 0.01 | +0.01% | $1.44B | Investment grade | Active |
| Janus Henderson Securitized Income ETFJSI | $52.23 | -0.14 | -0.28% | $1.44B | Broad credit | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.16 | 0.00 | +0.03% | $1.43B | Investment grade | Active |
| Dimensional Global ex US Core Fixed Income ETFDFGX | $53.02 | -0.01 | -0.02% | $1.41B | Broad credit | Active |
|  WisdomTree Voya Yield Enhanced USD Universal Bond FundUNIY | $49.02 | 0.00 | 0.00% | $1.40B | Broad credit | Multi-factor |
| FlexShares Ultra-Short Income FundRAVI | $75.63 | 0.03 | +0.04% | $1.40B | Investment grade | Active |
| iShares Short Maturity Municipal Bond Active ETFMEAR | $50.52 | 0.06 | +0.12% | $1.36B | Investment grade | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.11 | -0.01 | -0.02% | $1.36B | Investment grade | Active |
