|  Schwab Municipal Bond ETFSCMB | $25.98 | 0.03 | +0.10% | $3.51B | Investment grade | Vanilla |
|  State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.31 | 0.00 | +0.01% | $3.51B | Investment grade | Vanilla |
|  Vanguard S&P Small-Cap 600 ETFVIOO | $121.99 | 0.15 | +0.13% | $3.46B | Small cap | Vanilla |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.55 | 0.00 | -0.01% | $3.45B | Investment grade | Active |
|  iShares Core U.S. REIT ETFUSRT | $60.43 | 0.00 | 0.00% | $3.44B | Real estate | Vanilla |
| iShares U.S. Small Cap Equity Factor ETFSMLF | $79.88 | 0.38 | +0.47% | $3.37B | Small cap | Multi-factor |
|  Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)TMF | $37.60 | -0.05 | -0.15% | $3.36B | Investment grade | Vanilla |
|  Pacer Trendpilot US Large Cap ETFPTLC | $56.63 | 0.35 | +0.63% | $3.34B | Large cap | Volatility hedged |
|  Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.63 | 0.00 | -0.02% | $3.34B | Investment grade | Bullet maturity |
| iShares U.S. Healthcare ETFIYH | $65.22 | -0.64 | -0.97% | $3.33B | Health care | Vanilla |
|  GMO U.S. Quality ETFQLTY | $39.03 | 0.01 | +0.03% | $3.31B | Total market | Active |
| JPMorgan U.S. Tech Leaders ETFJTEK | $85.53 | 2.02 | +2.42% | $3.26B | Theme | Active |
| Vanguard S&P Mid-Cap 400 ETFIVOO | $121.69 | 0.18 | +0.15% | $3.26B | Mid cap | Vanilla |
| iShares Morningstar Mid-Cap Growth ETFIMCG | $83.41 | 0.66 | +0.80% | $3.24B | Mid cap | Growth |
| Invesco S&P 500 High Dividend Low Volatility ETFSPHD | $51.49 | -0.05 | -0.09% | $3.19B | Large cap | Multi-factor |
|  Global X S&P 500 Covered Call ETFXYLD | $40.98 | 0.18 | +0.45% | $3.18B | Large cap | Buy-write |
| iShares U.S. Equity Factor ETFLRGF | $70.11 | 0.39 | +0.55% | $3.18B | Total market | Multi-factor |
|  Principal Exchange-Traded Funds Principal U.S. Mega-Cap ETFUSMC | $68.31 | 0.43 | +0.63% | $3.12B | Large cap | Active |
|  VanEck Fallen Angel High Yield Bond ETFANGL | $29.55 | 0.05 | +0.19% | $3.12B | High yield | Fundamental |
| Vanguard Materials ETFVAW | $237.21 | 2.52 | +1.07% | $3.10B | Materials | Vanilla |
| iShares U.S. Home Construction ETFITB | $108.60 | -0.64 | -0.59% | $3.04B | Theme | Vanilla |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $46.09 | 0.02 | +0.03% | $3.03B | Investment grade | Vanilla |
|  Goldman Sachs ETF Trust Goldman Sachs S&P 500 Premium Income ETFGPIX | $53.11 | 0.30 | +0.56% | $3.03B | Large cap | Active |
| Goldman Sachs MarketBeta U.S. Equity ETFGSUS | $95.78 | 0.60 | +0.63% | $3.02B | Total market | Vanilla |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.13 | 0.02 | +0.10% | $3.00B | High yield | Vanilla |
| Goldman Sachs ETF Trust Goldman Sachs Nasdaq-100 Premium Income ETFGPIQ | $52.42 | 0.47 | +0.90% | $2.97B | Large cap | Active |
| iShares Morningstar Growth ETFILCG | $103.62 | 1.49 | +1.46% | $2.93B | Total market | Growth |
| Global X MLP & Energy Infrastructure ETFMLPX | $66.85 | -0.14 | -0.21% | $2.91B | Energy | Vanilla |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.11 | 0.01 | +0.07% | $2.89B | Investment grade | Bullet maturity |
|  First Trust NASDAQ-100 Technology Index FundQTEC | $230.69 | 2.51 | +1.10% | $2.87B | Information technology | Exchange-specific |
|  Franklin U.S. Core Bond ETFFLCB | $21.66 | -0.01 | -0.02% | $2.86B | Investment grade | Active |
|  FT Vest Rising Dividend Achievers Target Income ETFRDVI | $27.43 | -0.02 | -0.09% | $2.85B | Total market | Active |
|  Fidelity MSCI Health Care Index ETFFHLC | $74.53 | -0.66 | -0.87% | $2.84B | Health care | Vanilla |
|  Xtrackers MSCI USA Climate Action Equity ETFUSCA | $41.66 | 0.29 | +0.70% | $2.80B | Theme | ESG |
|  Main Sector Rotation ETFSECT | $64.81 | 0.43 | +0.66% | $2.80B | Large cap | Active |
| iShares Dow Jones U.S. ETFIYY | $169.16 | 1.09 | +0.65% | $2.79B | Total market | Vanilla |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.69 | -0.03 | -0.07% | $2.78B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.89 | 0.02 | +0.08% | $2.77B | Investment grade | Bullet maturity |
| Invesco Exchange-Traded Fund Trust Invesco RAFI US 1500 Small-Mid ETFPRFZ | $49.12 | 0.30 | +0.61% | $2.76B | Extended market | Fundamental |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.79 | 0.00 | +0.02% | $2.75B | Investment grade | Vanilla |
| Fidelity Enhanced Large Cap Value ETFFELV | $36.69 | 0.06 | +0.16% | $2.71B | Large cap | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.95 | 0.05 | +0.09% | $2.67B | Investment grade | Active |
|  Nuveen Growth Opportunities ETFNUGO | $38.68 | 0.46 | +1.20% | $2.66B | Large cap | Active |
|  Capital Group Municipal High-Income ETFCGHM | $25.69 | 0.03 | +0.13% | $2.64B | Broad credit | Active |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.39 | -0.15 | -0.31% | $2.64B | Investment grade | Active |
|  Dimensional US Core Equity 1 ETFDCOR | $76.79 | 0.31 | +0.41% | $2.62B | Total market | Active |
| State Street SPDR S&P 400 Mid Cap Value ETFMDYV | $92.15 | -0.38 | -0.41% | $2.61B | Mid cap | Value |
| State Street SPDR S&P 400 Mid Cap Growth ETFMDYG | $100.69 | 0.89 | +0.89% | $2.60B | Mid cap | Growth |
| VanEck IG Floating Rate ETFFLTR | $25.54 | 0.00 | +0.02% | $2.56B | Investment grade | Vanilla |
| First Trust Cloud Computing ETFSKYY | $115.07 | 2.40 | +2.13% | $2.54B | Information technology | Equal |
|  WisdomTree U.S. Value FundWTV | $100.38 | 0.02 | +0.02% | $2.52B | Total market | Active |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.18 | 0.01 | +0.06% | $2.52B | Investment grade | Target duration |
| Invesco S&P 500 GARP ETFSPGP | $117.67 | 0.22 | +0.19% | $2.45B | Large cap | Fundamental |
| Fidelity MSCI Financials Index ETFFNCL | $77.41 | -0.07 | -0.09% | $2.45B | Financials | Vanilla |
|  TrueShares Structured Outcome (November) ETFNOVZ | $44.49 | 0.15 | +0.34% | $2.43B | Large cap | Buy-write |
| Direxion Daily Financial Bull 3x SharesFAS | $159.72 | -0.62 | -0.39% | $2.43B | Financials | Vanilla |
| Invesco Variable Rate Preferred ETFVRP | $24.45 | -0.02 | -0.10% | $2.41B | Broad credit | Vanilla |
| Pacer US Large Cap Cash Cows Growth Leaders ETFCOWG | $35.51 | 0.34 | +0.98% | $2.40B | Large cap | Growth |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.95 | 0.01 | +0.05% | $2.40B | Investment grade | Bullet maturity |
| State Street SPDR S&P 500 Fossil Fuel Reserves Free ETFSPYX | $57.02 | 0.38 | +0.66% | $2.39B | Large cap | Vanilla |
| JPMorgan Small & Mid Cap Enhanced Equity ETFJMEE | $70.58 | 0.26 | +0.36% | $2.39B | Extended market | Active |
| First Trust NYSE Arca Biotechnology Index FundFBT | $211.47 | -1.09 | -0.52% | $2.39B | Health care | Equal |
|  Avantis U.S. Small Cap Equity ETFAVSC | $65.39 | 0.12 | +0.18% | $2.39B | Small cap | Active |
| Xtrackers S&P 500 Scored & Screened ETFSNPE | $64.10 | 0.27 | +0.43% | $2.38B | Large cap | ESG |
| Invesco S&P SmallCap Momentum ETFXSMO | $80.86 | 0.47 | +0.59% | $2.36B | Small cap | Momentum |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.80 | 0.02 | +0.05% | $2.36B | Investment grade | Vanilla |
| iShares Russell 2500 ETFSMMD | $81.52 | 0.53 | +0.65% | $2.34B | Extended market | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.89 | 0.00 | 0.00% | $2.34B | Investment grade | Bullet maturity |
| iShares ESG Aware MSCI USA Small-Cap ETFESML | $50.19 | 0.19 | +0.38% | $2.34B | Small cap | ESG |
| State Street SPDR S&P Oil & Gas Exploration & Production ETFXOP | $146.66 | 0.25 | +0.17% | $2.30B | Energy | Equal |
| Schwab High Yield Bond ETFSCYB | $26.50 | 0.04 | +0.17% | $2.28B | High yield | Vanilla |
| Nuveen ESG Large-Cap Growth ETFNULG | $97.52 | 1.49 | +1.55% | $2.27B | Large cap | Growth |
|  ActivePassive U.S. Equity ETFAPUE | $42.76 | 0.23 | +0.53% | $2.27B | Total market | Active |
| iShares Trust iShares Paris-Aligned Climate Optimized MSCI USA ETFPABU | $70.49 | 0.45 | +0.64% | $2.26B | Theme | ESG |
| Invesco S&P 100 Equal Weight ETFEQWL | $122.70 | -0.03 | -0.03% | $2.25B | Large cap | Equal |
| Global X U.S. Preferred ETFPFFD | $19.29 | 0.02 | +0.08% | $2.25B | Broad credit | Vanilla |
| Fidelity MSCI Utilities Index ETFFUTY | $56.20 | 0.06 | +0.11% | $2.23B | Utilities | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.70 | 0.02 | +0.01% | $2.23B | Investment grade | Vanilla |
|  BNY Mellon Core Bond ETFBKAG | $42.51 | 0.03 | +0.06% | $2.22B | Investment grade | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.18 | 0.01 | +0.07% | $2.22B | Investment grade | Bullet maturity |
|  Aptus Collared Investment Opportunity ETFACIO | $43.88 | 0.16 | +0.35% | $2.22B | Large cap | Active |
| VanEck Intermediate Muni ETFITM | $47.56 | 0.02 | +0.03% | $2.20B | Investment grade | Vanilla |
|  T. Rowe Price U.S. Equity Research ETFTSPA | $43.70 | 0.24 | +0.55% | $2.20B | Total market | Active |
| First Trust Financials AlphaDEX FundFXO | $62.09 | -0.12 | -0.20% | $2.19B | Financials | Multi-factor |
| iShares Climate Conscious & Transition MSCI USA ETFUSCL | $79.16 | 0.55 | +0.69% | $2.19B | Theme | ESG |
| Global X 1-3 Month T-Bill ETFCLIP | $100.17 | 0.00 | 0.00% | $2.19B | Investment grade | Vanilla |
| Goldman Sachs MarketBeta U.S. 1000 Equity ETFGUSA | $60.29 | 0.34 | +0.56% | $2.19B | Large cap | Vanilla |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.77 | 0.05 | +0.21% | $2.18B | Broad credit | Active |
| Invesco Water Resources ETFPHO | $73.36 | -0.86 | -1.15% | $2.17B | Theme | Vanilla |
|  American Century U.S. Quality Growth ETFQGRO | $110.47 | 0.87 | +0.80% | $2.17B | Total market | Growth |
| WisdomTree U.S. Quality Growth FundQGRW | $57.96 | 0.82 | +1.43% | $2.16B | Large cap | Growth |
|  ProShares UltraPro Short QQQSQQQ | $68.03 | -1.96 | -2.81% | $2.14B | Large cap | Exchange-specific |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.27 | 0.02 | +0.14% | $2.14B | Broad credit | Vanilla |
| iShares U.S. Industrials ETFIYJ | $160.48 | 0.27 | +0.17% | $2.14B | Industrials | Vanilla |
| Fidelity Small-Mid Multifactor ETFFSMD | $47.28 | -0.23 | -0.48% | $2.11B | Extended market | Multi-factor |
| iShares U.S. Financial Services ETFIYG | $92.19 | 0.21 | +0.23% | $2.11B | Financials | Vanilla |
|  EA Bridgeway Omni Small-Cap Value ETFBSVO | $26.59 | 0.07 | +0.26% | $2.10B | Small cap | Active |
| FlexShares Quality Dividend Index FundQDF | $83.81 | 0.23 | +0.27% | $2.10B | Total market | Multi-factor |
|  Innovator Defined Wealth Shield ETFBALT | $33.76 | 0.03 | +0.07% | $2.09B | Large cap | Buy-write |
| iShares Russell Top 200 ETFIWL | $172.19 | 1.11 | +0.65% | $2.09B | Large cap | Vanilla |
