|  iShares California Muni Bond ETFCMF | $57.14 | -0.17 | -0.30% | $4.26B | Investment grade | Vanilla |
|  State Street DoubleLine Total Return Tactical ETFTOTL | $39.61 | -0.13 | -0.33% | $4.17B | Broad credit | Active |
|  VanEck High Yield Muni ETFHYD | $50.97 | -0.13 | -0.25% | $4.13B | High yield | Vanilla |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $23.27 | 0.01 | +0.04% | $4.00B | Investment grade | Vanilla |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.17 | -0.26 | -0.26% | $3.98B | Investment grade | Vanilla |
|  Vanguard World Funds Extended Duration ETFEDV | $63.56 | 0.43 | +0.68% | $3.97B | Investment grade | Vanilla |
| Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.54 | 0.00 | +0.03% | $3.94B | Investment grade | Bullet maturity |
| Invesco Preferred ETFPGX | $11.14 | -0.01 | -0.09% | $3.91B | Broad credit | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $106.28 | -0.24 | -0.23% | $3.86B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.22 | -0.09 | -0.36% | $3.81B | Investment grade | Bullet maturity |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.15 | -0.17 | -0.32% | $3.76B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.17 | -0.09 | -0.37% | $3.76B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.18 | -0.07 | -0.30% | $3.70B | Investment grade | Bullet maturity |
|  Schwab Municipal Bond ETFSCMB | $25.61 | -0.09 | -0.35% | $3.64B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.18 | -0.08 | -0.33% | $3.63B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.16 | 0.01 | +0.02% | $3.53B | Investment grade | Active |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.76 | -0.12 | -0.25% | $3.47B | Investment grade | Vanilla |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.43 | 0.01 | +0.05% | $3.45B | Investment grade | Bullet maturity |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $43.66 | 0.09 | +0.21% | $3.37B | Broad credit | Active |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.57 | -0.17 | -0.46% | $3.37B | High yield | Vanilla |
| First Trust Smith Unconstrained Bond ETFUCON | $24.91 | 0.02 | +0.08% | $3.24B | Broad credit | Active |
|  Janus Henderson Short Duration Income ETFVNLA | $48.91 | 0.03 | +0.06% | $3.13B | Broad credit | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.43 | -0.15 | -0.33% | $3.10B | Investment grade | Vanilla |
| VanEck Fallen Angel High Yield Bond ETFANGL | $29.14 | -0.12 | -0.41% | $3.03B | High yield | Fundamental |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.82 | -0.07 | -0.34% | $3.03B | Investment grade | Bullet maturity |
|  TCW Flexible Income ETFFLXR | $39.17 | -0.19 | -0.47% | $2.95B | Broad credit | Active |
| Invesco Short Term Treasury ETFTBLL | $105.64 | 0.04 | +0.04% | $2.92B | Investment grade | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.39 | -0.06 | -0.30% | $2.91B | Investment grade | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.00 | -0.13 | -0.52% | $2.89B | High yield | Vanilla |
|  Capital Group Municipal High-Income ETFCGHM | $25.55 | 0.01 | +0.04% | $2.87B | Broad credit | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.31 | -0.13 | -0.25% | $2.84B | Investment grade | Active |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.73 | -0.11 | -0.36% | $2.83B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.66 | 0.01 | +0.05% | $2.79B | Investment grade | Bullet maturity |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $35.13 | 0.31 | +0.89% | $2.70B | Investment grade | Vanilla |
| VanEck IG Floating Rate ETFFLTR | $25.47 | -0.06 | -0.24% | $2.66B | Investment grade | Vanilla |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.75 | 0.00 | +0.02% | $2.64B | Broad credit | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $49.54 | -0.07 | -0.14% | $2.64B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $46.92 | 0.07 | +0.16% | $2.62B | Investment grade | Active |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.34 | -0.11 | -0.43% | $2.57B | Investment grade | Target duration |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.09 | -0.26 | -0.26% | $2.55B | Investment grade | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.73 | 0.00 | 0.00% | $2.49B | Investment grade | Bullet maturity |
| Invesco Variable Rate Preferred ETFVRP | $24.30 | -0.01 | -0.04% | $2.45B | Broad credit | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.41 | 0.10 | +0.18% | $2.42B | Broad credit | Active |
| Schwab High Yield Bond ETFSCYB | $26.21 | -0.08 | -0.30% | $2.41B | High yield | Vanilla |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.57 | 0.08 | +0.37% | $2.35B | Broad credit | Active |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $20.87 | -0.08 | -0.38% | $2.34B | Investment grade | Bullet maturity |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.33 | -0.19 | -0.38% | $2.32B | Investment grade | Vanilla |
| State Street SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $20.96 | -0.08 | -0.38% | $2.31B | Broad credit | Vanilla |
| First Trust Core Investment Grade ETFFTCB | $20.95 | 0.05 | +0.24% | $2.30B | Investment grade | Active |
| First Trust Senior Loan Fund ETFFTSL | $45.12 | 0.05 | +0.11% | $2.30B | High yield | Active |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.84 | -0.06 | -0.26% | $2.29B | Investment grade | Bullet maturity |
| Vanguard California Tax-Exempt Bond ETFVTEC | $99.69 | -0.29 | -0.29% | $2.27B | Investment grade | Vanilla |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.49 | -0.01 | -0.05% | $2.26B | Broad credit | Vanilla |
|  Hartford Total Return Bond ETFHTRB | $33.79 | 0.05 | +0.15% | $2.24B | Broad credit | Active |
| Invesco Total Return Bond ETFGTO | $46.93 | 0.05 | +0.11% | $2.22B | Broad credit | Active |
| Capital Group Short Duration Income ETFCGSD | $25.81 | 0.01 | +0.04% | $2.17B | Investment grade | Active |
| VanEck Intermediate Muni ETFITM | $46.64 | -0.14 | -0.30% | $2.16B | Investment grade | Vanilla |
| Global X U.S. Preferred ETFPFFD | $19.00 | -0.09 | -0.47% | $2.15B | Broad credit | Vanilla |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.36 | -0.06 | -0.27% | $2.13B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.22 | -0.02 | -0.04% | $2.09B | Investment grade | Active |
|  BNY Mellon Core Bond ETFBKAG | $41.92 | -0.09 | -0.22% | $2.07B | Investment grade | Vanilla |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.20 | -0.13 | -0.24% | $2.05B | High yield | Vanilla |
|  BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.80 | -0.18 | -0.34% | $2.05B | Investment grade | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.71 | 0.06 | +0.12% | $2.03B | Investment grade | Active |
| First Trust Managed Municipal ETFFMB | $51.11 | 0.02 | +0.03% | $2.01B | Investment grade | Active |
| Franklin Dynamic Municipal Bond ETFFLMI | $24.90 | -0.08 | -0.32% | $1.97B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $28.94 | -0.07 | -0.24% | $1.95B | Investment grade | Fundamental |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.19 | 0.01 | +0.05% | $1.91B | Broad credit | Active |
| JPMorgan International Bond Opportunities ETFJPIB | $47.96 | -0.13 | -0.27% | $1.91B | Broad credit | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.36 | 0.07 | +0.31% | $1.89B | Investment grade | Buy-write |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.27 | -0.06 | -0.31% | $1.88B | Investment grade | Vanilla |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $42.52 | 0.04 | +0.09% | $1.87B | Investment grade | Active |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.78 | 0.02 | +0.04% | $1.87B | Investment grade | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.19 | -0.14 | -0.28% | $1.86B | Investment grade | Target duration |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.04 | -0.25 | -0.24% | $1.83B | Investment grade | Vanilla |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.75 | 0.02 | +0.12% | $1.83B | Broad credit | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.04 | -0.11 | -0.41% | $1.82B | High yield | Fundamental |
|  Avantis Core Fixed Income ETFAVIG | $41.58 | 0.06 | +0.14% | $1.77B | Investment grade | Active |
|  Simplify MBS ETFMTBA | $49.38 | 0.04 | +0.08% | $1.68B | Investment grade | Active |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $93.53 | -0.45 | -0.48% | $1.67B | High yield | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.18 | -0.07 | -0.31% | $1.67B | Investment grade | Bullet maturity |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.48 | 0.00 | 0.00% | $1.66B | Investment grade | Bullet maturity |
| Vanguard Total Corporate Bond ETFVTC | $76.63 | -0.19 | -0.25% | $1.65B | Investment grade | Vanilla |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.01 | 0.05 | +0.12% | $1.64B | High yield | Active |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.19 | -0.10 | -0.40% | $1.63B | Investment grade | Bullet maturity |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $96.70 | -0.22 | -0.23% | $1.62B | Investment grade | Vanilla |
|  NYLI MacKay Muni Intermediate ETFMMIT | $24.26 | -0.01 | -0.04% | $1.57B | Investment grade | Active |
| Vanguard Total World Bond ETFBNDW | $68.15 | -0.09 | -0.14% | $1.57B | Investment grade | Vanilla |
| iShares High Yield Systematic Bond ETFHYDB | $46.87 | -0.21 | -0.45% | $1.53B | High yield | Multi-factor |
| State Street SPDR Bloomberg International Treasury Bond ETFBWX | $22.23 | -0.04 | -0.18% | $1.53B | Investment grade | Vanilla |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $52.73 | 0.08 | +0.15% | $1.51B | Broad credit | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $47.41 | -0.14 | -0.29% | $1.51B | Investment grade | Vanilla |
| Janus Henderson Securitized Income ETFJSI | $51.61 | 0.03 | +0.06% | $1.51B | Broad credit | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $18.96 | 0.01 | +0.05% | $1.50B | Investment grade | Active |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.43 | -0.16 | -0.32% | $1.48B | Investment grade | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.06 | 0.00 | +0.02% | $1.48B | Investment grade | Active |
|  AB Ultra Short Income ETFYEAR | $50.31 | -0.13 | -0.26% | $1.47B | Investment grade | Active |
|  Principal Spectrum Preferred Securities Active ETFPREF | $18.97 | -0.05 | -0.26% | $1.46B | Broad credit | Active |
|  Angel Oak UltraShort Income ETFUYLD | $51.06 | 0.02 | +0.04% | $1.46B | Broad credit | Active |
| JPMorgan Short Duration Core Plus ETFJSCP | $47.13 | -0.16 | -0.34% | $1.42B | Broad credit | Active |
