|  iShares California Muni Bond ETFCMF | $55.30 | -0.04 | -0.07% | $4.54B | Investment grade | Vanilla |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $22.09 | -0.03 | -0.14% | $4.15B | Investment grade | Vanilla |
|  Schwab Municipal Bond ETFSCMB | $24.63 | -0.03 | -0.12% | $4.14B | Investment grade | Vanilla |
|  VanEck High Yield Muni ETFHYD | $48.95 | -0.10 | -0.20% | $4.09B | High yield | Vanilla |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.01 | 0.01 | +0.04% | $4.08B | Investment grade | Bullet maturity |
|  JPMorgan Limited Duration Bond ETFJPLD | $51.60 | -0.01 | -0.02% | $4.01B | Investment grade | Active |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $22.80 | -0.01 | -0.07% | $3.94B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.13 | 0.03 | +0.06% | $3.93B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.12 | 0.00 | 0.00% | $3.91B | Investment grade | Bullet maturity |
|  State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.20 | 0.01 | +0.01% | $3.87B | Investment grade | Vanilla |
| State Street DoubleLine Total Return Tactical ETFTOTL | $38.07 | -0.05 | -0.13% | $3.87B | Broad credit | Active |
| iShares Intermediate Government/Credit Bond ETFGVI | $103.91 | -0.06 | -0.06% | $3.76B | Investment grade | Vanilla |
|  Vanguard World Funds Extended Duration ETFEDV | $59.21 | 0.19 | +0.32% | $3.67B | Investment grade | Vanilla |
| Invesco Preferred ETFPGX | $10.38 | -0.05 | -0.48% | $3.65B | Broad credit | Vanilla |
|  TCW Flexible Income ETFFLXR | $38.34 | -0.04 | -0.10% | $3.60B | Broad credit | Active |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $52.53 | -0.02 | -0.04% | $3.51B | Broad credit | Active |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.23 | 0.00 | 0.00% | $3.51B | Investment grade | Bullet maturity |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.29 | -0.02 | -0.04% | $3.50B | Investment grade | Vanilla |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $35.83 | -0.05 | -0.14% | $3.48B | High yield | Vanilla |
|  Janus Henderson Short Duration Income ETFVNLA | $48.76 | -0.01 | -0.02% | $3.44B | Broad credit | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $24.16 | -0.05 | -0.21% | $3.43B | High yield | Vanilla |
| Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.55 | 0.00 | -0.03% | $3.34B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.30 | -0.01 | -0.05% | $3.32B | Investment grade | Bullet maturity |
|  Capital Group Municipal High-Income ETFCGHM | $24.79 | -0.02 | -0.08% | $3.28B | Broad credit | Active |
|  First Trust Smith Unconstrained Bond ETFUCON | $24.30 | -0.03 | -0.12% | $3.26B | Broad credit | Active |
| Vanguard California Tax-Exempt Bond ETFVTEC | $96.39 | 0.00 | 0.00% | $3.25B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.19 | 0.00 | 0.00% | $3.25B | Investment grade | Bullet maturity |
| VanEck IG Floating Rate ETFFLTR | $25.56 | 0.01 | +0.04% | $3.22B | Investment grade | Vanilla |
| VanEck Fallen Angel High Yield Bond ETFANGL | $28.47 | -0.04 | -0.14% | $3.18B | High yield | Fundamental |
| First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $42.23 | -0.05 | -0.13% | $3.15B | Broad credit | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $50.59 | -0.08 | -0.17% | $3.09B | Investment grade | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $53.33 | -0.07 | -0.13% | $3.08B | High yield | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $20.73 | -0.02 | -0.07% | $3.04B | Investment grade | Active |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.02 | -0.01 | -0.04% | $3.01B | Broad credit | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.00 | -0.04 | -0.17% | $3.00B | Broad credit | Vanilla |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $43.76 | -0.02 | -0.06% | $2.98B | Investment grade | Vanilla |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.79 | 0.02 | +0.06% | $2.95B | Investment grade | Vanilla |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $47.10 | -0.01 | -0.02% | $2.92B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.34 | -0.01 | -0.05% | $2.91B | Investment grade | Bullet maturity |
| Schwab High Yield Bond ETFSCYB | $25.67 | -0.02 | -0.08% | $2.84B | High yield | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.32 | -0.01 | -0.06% | $2.75B | Investment grade | Bullet maturity |
| Invesco Short Term Treasury ETFTBLL | $105.73 | 0.01 | +0.01% | $2.73B | Investment grade | Vanilla |
| First Trust Core Investment Grade ETFFTCB | $20.21 | -0.02 | -0.12% | $2.68B | Investment grade | Active |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $45.33 | -0.02 | -0.04% | $2.65B | Investment grade | Active |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $41.26 | 0.00 | +0.01% | $2.60B | Investment grade | Active |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $20.25 | -0.03 | -0.12% | $2.56B | Investment grade | Bullet maturity |
| Capital Group Short Duration Income ETFCGSD | $25.48 | -0.02 | -0.08% | $2.56B | Investment grade | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.08 | -0.02 | -0.04% | $2.53B | Investment grade | Active |
|  Northern Trust iBoxx 3-Year Target Duration TIPS ETFTDTT | $23.40 | -0.01 | -0.04% | $2.51B | Investment grade | Target duration |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $20.57 | -0.05 | -0.24% | $2.49B | Broad credit | Active |
| Invesco Total Return Bond ETFGTO | $45.47 | -0.03 | -0.07% | $2.49B | Broad credit | Active |
|  BNY Mellon Core Bond ETFBKAG | $40.66 | -0.04 | -0.10% | $2.43B | Investment grade | Vanilla |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $49.67 | -0.03 | -0.06% | $2.43B | Investment grade | Vanilla |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $99.81 | -0.05 | -0.05% | $2.40B | Investment grade | Vanilla |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.31 | 0.00 | 0.00% | $2.39B | Investment grade | Bullet maturity |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.17 | -0.01 | -0.01% | $2.39B | Investment grade | Vanilla |
| First Trust Senior Loan Fund ETFFTSL | $44.92 | -0.03 | -0.07% | $2.38B | High yield | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.66 | -0.22 | -1.23% | $2.37B | Broad credit | Vanilla |
| Franklin Dynamic Municipal Bond ETFFLMI | $23.94 | -0.03 | -0.13% | $2.34B | Broad credit | Active |
|  Fidelity Low Duration Bond Factor ETFFLDR | $49.95 | 0.02 | +0.04% | $2.29B | Investment grade | Target duration |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.69 | 0.02 | +0.04% | $2.29B | Investment grade | Active |
|  BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.87 | 0.00 | 0.00% | $2.28B | Investment grade | Active |
| State Street SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $20.88 | -0.11 | -0.52% | $2.27B | Broad credit | Vanilla |
| Dimensional National Municipal Bond ETFDFNM | $46.87 | -0.06 | -0.13% | $2.26B | Investment grade | Active |
| JPMorgan International Bond Opportunities ETFJPIB | $47.02 | -0.08 | -0.17% | $2.21B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $27.97 | -0.01 | -0.04% | $2.17B | Investment grade | Fundamental |
|  Hartford Total Return Bond ETFHTRB | $32.73 | 0.00 | 0.00% | $2.16B | Broad credit | Active |
| Global X U.S. Preferred ETFPFFD | $17.96 | -0.16 | -0.88% | $2.10B | Broad credit | Vanilla |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $29.42 | 0.11 | +0.38% | $2.06B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $21.93 | -0.01 | -0.02% | $2.04B | Investment grade | Bullet maturity |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $18.41 | -0.01 | -0.05% | $2.03B | Investment grade | Vanilla |
| VanEck Intermediate Muni ETFITM | $44.92 | -0.04 | -0.09% | $2.03B | Investment grade | Vanilla |
| First Trust Managed Municipal ETFFMB | $49.13 | -0.06 | -0.12% | $2.02B | Investment grade | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.18 | 0.00 | 0.00% | $2.01B | Investment grade | Target duration |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.01 | -0.03 | -0.14% | $2.01B | Broad credit | Active |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.84 | 0.00 | 0.00% | $2.00B | Investment grade | Bullet maturity |
|  Avantis Core Fixed Income ETFAVIG | $39.98 | -0.03 | -0.09% | $1.96B | Investment grade | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.09 | 0.02 | +0.06% | $1.93B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $18.77 | -0.07 | -0.37% | $1.92B | Broad credit | Active |
| Vanguard Core Plus Bond ETFVPLS | $75.18 | -0.06 | -0.08% | $1.91B | Broad credit | Active |
|  Principal Spectrum Preferred Securities Active ETFPREF | $18.60 | -0.05 | -0.27% | $1.87B | Broad credit | Active |
| Vanguard Total World Bond ETFBNDW | $66.40 | -0.07 | -0.10% | $1.86B | Investment grade | Vanilla |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $51.23 | -0.06 | -0.12% | $1.86B | Broad credit | Active |
| JPMorgan Short Duration Core Plus ETFJSCP | $46.31 | -0.06 | -0.13% | $1.81B | Broad credit | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $15.98 | -0.02 | -0.10% | $1.80B | Investment grade | Bullet maturity |
|  NEOS Enhanced Income 1-3 Month T-Bill ETFCSHI | $49.62 | -0.01 | -0.02% | $1.80B | Investment grade | Active |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $91.70 | -0.17 | -0.19% | $1.79B | High yield | Vanilla |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $20.88 | 0.01 | +0.05% | $1.78B | Investment grade | Buy-write |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $24.34 | -0.03 | -0.12% | $1.74B | Investment grade | Bullet maturity |
| Vanguard Total Corporate Bond ETFVTC | $74.00 | -0.03 | -0.05% | $1.67B | Investment grade | Vanilla |
| T. Rowe Price Ultra Short-Term Bond ETFTBUX | $49.77 | 0.01 | +0.02% | $1.65B | Investment grade | Active |
| iShares Fallen Angels USD Bond ETFFALN | $26.46 | -0.06 | -0.23% | $1.64B | High yield | Fundamental |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.42 | 0.02 | +0.03% | $1.64B | Investment grade | Active |
|  Angel Oak UltraShort Income ETFUYLD | $50.92 | -0.07 | -0.14% | $1.64B | Broad credit | Active |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $58.02 | 0.22 | +0.38% | $1.63B | Investment grade | Vanilla |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $40.15 | -0.06 | -0.15% | $1.62B | High yield | Active |
| iShares High Yield Systematic Bond ETFHYDB | $45.86 | -0.07 | -0.15% | $1.61B | High yield | Multi-factor |
| Capital Group Short Duration Municipal Income ETFCGSM | $26.06 | 0.00 | 0.00% | $1.58B | Investment grade | Active |
| Vanguard Intermediate-Term Tax-Exempt Bond ETFVTEI | $97.06 | 0.01 | +0.01% | $1.56B | Investment grade | Vanilla |
| Invesco BulletShares 2032 Corporate Bond ETFBSCW | $19.89 | -0.02 | -0.10% | $1.55B | Investment grade | Bullet maturity |
