|  iShares California Muni Bond ETFCMF | $56.53 | -0.03 | -0.05% | $4.54B | Investment grade | Vanilla |
|  VanEck High Yield Muni ETFHYD | $50.22 | -0.05 | -0.10% | $4.43B | High yield | Vanilla |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $22.86 | -0.01 | -0.02% | $4.22B | Investment grade | Vanilla |
|  State Street DoubleLine Total Return Tactical ETFTOTL | $38.76 | -0.08 | -0.21% | $4.09B | Broad credit | Active |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.20 | -0.02 | -0.06% | $4.07B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.07 | -0.01 | -0.04% | $4.03B | Investment grade | Bullet maturity |
|  Schwab Municipal Bond ETFSCMB | $25.33 | 0.00 | 0.00% | $3.98B | Investment grade | Vanilla |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.07 | 0.02 | +0.04% | $3.96B | Investment grade | Active |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.44 | 0.02 | +0.02% | $3.89B | Investment grade | Vanilla |
| Invesco Ultra Short Duration ETFGSY | $50.14 | 0.00 | 0.00% | $3.86B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.20 | 0.01 | +0.04% | $3.84B | Investment grade | Bullet maturity |
| Invesco Preferred ETFPGX | $10.73 | -0.01 | -0.09% | $3.81B | Broad credit | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $105.30 | -0.17 | -0.16% | $3.77B | Investment grade | Vanilla |
| Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.52 | 0.00 | 0.00% | $3.66B | Investment grade | Bullet maturity |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.32 | -0.01 | -0.05% | $3.56B | Investment grade | Bullet maturity |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.29 | 0.00 | 0.00% | $3.52B | High yield | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.61 | 0.00 | 0.00% | $3.46B | Investment grade | Vanilla |
|  TCW Flexible Income ETFFLXR | $38.91 | -0.06 | -0.15% | $3.45B | Broad credit | Active |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.24 | -0.01 | -0.04% | $3.44B | Investment grade | Bullet maturity |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $53.25 | -0.19 | -0.36% | $3.33B | Broad credit | Active |
|  Janus Henderson Short Duration Income ETFVNLA | $48.82 | -0.17 | -0.36% | $3.32B | Broad credit | Active |
|  First Trust Smith Unconstrained Bond ETFUCON | $24.57 | -0.02 | -0.08% | $3.27B | Broad credit | Active |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.61 | -0.03 | -0.14% | $3.26B | Investment grade | Bullet maturity |
|  Vanguard World Funds Extended Duration ETFEDV | $59.46 | -0.64 | -1.06% | $3.22B | Investment grade | Vanilla |
| First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $42.83 | -0.07 | -0.16% | $3.22B | Broad credit | Active |
|  Capital Group Municipal High-Income ETFCGHM | $25.38 | -0.14 | -0.55% | $3.20B | Broad credit | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $24.89 | -0.04 | -0.16% | $3.09B | High yield | Vanilla |
| VanEck Fallen Angel High Yield Bond ETFANGL | $28.92 | -0.01 | -0.03% | $3.08B | High yield | Fundamental |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.85 | 0.00 | 0.00% | $3.08B | Investment grade | Vanilla |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $51.75 | 0.01 | +0.02% | $3.05B | Investment grade | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $44.90 | -0.10 | -0.22% | $3.05B | Investment grade | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.05 | -0.06 | -0.31% | $3.01B | Investment grade | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.14 | 0.04 | +0.17% | $2.98B | Broad credit | Vanilla |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.29 | -0.05 | -0.19% | $2.96B | Broad credit | Active |
| VanEck IG Floating Rate ETFFLTR | $25.61 | 0.02 | +0.08% | $2.94B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.50 | -0.01 | -0.05% | $2.90B | Investment grade | Bullet maturity |
| Vanguard California Tax-Exempt Bond ETFVTEC | $98.66 | -0.06 | -0.07% | $2.80B | Investment grade | Vanilla |
| Schwab High Yield Bond ETFSCYB | $26.01 | 0.02 | +0.08% | $2.73B | High yield | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.50 | -0.02 | -0.12% | $2.65B | Investment grade | Bullet maturity |
| Invesco Short Term Treasury ETFTBLL | $105.61 | 0.02 | +0.02% | $2.61B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $46.08 | -0.12 | -0.25% | $2.61B | Investment grade | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $53.92 | 0.05 | +0.10% | $2.60B | High yield | Vanilla |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.39 | 0.03 | +0.03% | $2.59B | Investment grade | Vanilla |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $47.94 | -0.14 | -0.29% | $2.56B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $23.71 | -0.01 | -0.04% | $2.54B | Investment grade | Target duration |
| First Trust Core Investment Grade ETFFTCB | $20.50 | -0.07 | -0.34% | $2.52B | Investment grade | Active |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $20.62 | -0.02 | -0.12% | $2.49B | Investment grade | Bullet maturity |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $20.61 | 0.09 | +0.44% | $2.45B | Broad credit | Active |
| Invesco Total Return Bond ETFGTO | $46.05 | -0.10 | -0.22% | $2.41B | Broad credit | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.58 | -0.03 | -0.17% | $2.41B | Broad credit | Vanilla |
| Capital Group Short Duration Income ETFCGSD | $25.64 | -0.11 | -0.43% | $2.38B | Investment grade | Active |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.16 | -0.02 | -0.05% | $2.37B | Investment grade | Vanilla |
| First Trust Senior Loan Fund ETFFTSL | $44.83 | 0.05 | +0.11% | $2.32B | High yield | Active |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $41.74 | -0.12 | -0.28% | $2.32B | Investment grade | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.47 | -0.01 | -0.02% | $2.29B | Investment grade | Active |
| Franklin Dynamic Municipal Bond ETFFLMI | $24.66 | 0.00 | 0.00% | $2.29B | Broad credit | Active |
| State Street SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $20.94 | -0.05 | -0.24% | $2.26B | Broad credit | Vanilla |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.36 | 0.00 | 0.00% | $2.25B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.89 | 0.00 | 0.00% | $2.24B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $47.65 | -0.02 | -0.04% | $2.23B | Investment grade | Active |
|  Hartford Total Return Bond ETFHTRB | $33.10 | -0.10 | -0.32% | $2.20B | Broad credit | Active |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.74 | 0.00 | 0.00% | $2.20B | Investment grade | Active |
|  BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.99 | 0.01 | +0.02% | $2.18B | Investment grade | Active |
|  BNY Mellon Core Bond ETFBKAG | $41.29 | -0.10 | -0.24% | $2.16B | Investment grade | Vanilla |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $30.59 | -0.65 | -2.08% | $2.15B | Investment grade | Vanilla |
| Global X U.S. Preferred ETFPFFD | $18.52 | 0.00 | 0.00% | $2.15B | Broad credit | Vanilla |
| VanEck Intermediate Muni ETFITM | $45.91 | -0.02 | -0.04% | $2.14B | Investment grade | Vanilla |
| JPMorgan International Bond Opportunities ETFJPIB | $47.87 | 0.03 | +0.06% | $2.10B | Broad credit | Active |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $100.59 | -0.04 | -0.04% | $2.09B | Investment grade | Vanilla |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $28.44 | -0.06 | -0.21% | $2.09B | Investment grade | Fundamental |
| First Trust Managed Municipal ETFFMB | $50.27 | -0.04 | -0.08% | $2.04B | Investment grade | Active |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $18.72 | -0.01 | -0.05% | $2.01B | Investment grade | Vanilla |
|  Fidelity Low Duration Bond Factor ETFFLDR | $50.01 | -0.01 | -0.02% | $1.97B | Investment grade | Target duration |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.36 | -0.07 | -0.30% | $1.97B | Broad credit | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.31 | 0.01 | +0.02% | $1.94B | Investment grade | Target duration |
|  Avantis Core Fixed Income ETFAVIG | $40.77 | -0.10 | -0.26% | $1.94B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.08 | 0.00 | 0.00% | $1.92B | Broad credit | Active |
| Vanguard Total World Bond ETFBNDW | $67.46 | -0.19 | -0.28% | $1.89B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.09 | -0.01 | -0.05% | $1.88B | Investment grade | Bullet maturity |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $21.30 | -0.14 | -0.65% | $1.84B | Investment grade | Buy-write |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.08 | 0.01 | +0.06% | $1.80B | Investment grade | Active |
|  Principal Spectrum Preferred Securities Active ETFPREF | $18.88 | 0.02 | +0.08% | $1.77B | Broad credit | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.22 | -0.02 | -0.15% | $1.76B | Investment grade | Bullet maturity |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $92.72 | 0.06 | +0.06% | $1.75B | High yield | Vanilla |
| Vanguard Total Corporate Bond ETFVTC | $75.25 | -0.15 | -0.19% | $1.72B | Investment grade | Vanilla |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $52.20 | -0.11 | -0.22% | $1.70B | Broad credit | Active |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $24.86 | -0.04 | -0.16% | $1.70B | Investment grade | Bullet maturity |
| JPMorgan Short Duration Core Plus ETFJSCP | $46.91 | -0.04 | -0.09% | $1.68B | Broad credit | Active |
| Vanguard Core Plus Bond ETFVPLS | $76.36 | -0.13 | -0.18% | $1.63B | Broad credit | Active |
| iShares Fallen Angels USD Bond ETFFALN | $26.92 | -0.03 | -0.11% | $1.63B | High yield | Fundamental |
| iShares High Yield Systematic Bond ETFHYDB | $46.38 | 0.00 | 0.00% | $1.61B | High yield | Multi-factor |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $40.49 | -0.02 | -0.05% | $1.60B | High yield | Active |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.56 | 0.00 | 0.00% | $1.57B | Investment grade | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $95.08 | -0.19 | -0.20% | $1.57B | Investment grade | Vanilla |
|  Angel Oak UltraShort Income ETFUYLD | $50.99 | -0.18 | -0.34% | $1.57B | Broad credit | Active |
| Capital Group Short Duration Municipal Income ETFCGSM | $26.20 | -0.08 | -0.30% | $1.54B | Investment grade | Active |
|  Simplify MBS ETFMTBA | $48.42 | -0.15 | -0.31% | $1.52B | Investment grade | Active |
|  NEOS Enhanced Income 1-3 Month T-Bill ETFCSHI | $49.81 | 0.01 | +0.02% | $1.52B | Investment grade | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $18.77 | -0.01 | -0.05% | $1.51B | Investment grade | Active |
|  AB Ultra Short Income ETFYEAR | $50.31 | -0.02 | -0.04% | $1.51B | Investment grade | Active |
