|  iShares California Muni Bond ETFCMF | $57.55 | 0.05 | +0.08% | $4.50B | Investment grade | Vanilla |
|  Fidelity Investment Grade Securitized ETFFSEC | $44.11 | -0.02 | -0.05% | $4.49B | Investment grade | Active |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $23.49 | 0.04 | +0.17% | $4.23B | Investment grade | Vanilla |
|  State Street DoubleLine Total Return Tactical ETFTOTL | $39.47 | 0.06 | +0.15% | $4.21B | Broad credit | Active |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.23 | 0.02 | +0.06% | $3.97B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.16 | 0.02 | +0.09% | $3.93B | Investment grade | Bullet maturity |
|  Schwab Municipal Bond ETFSCMB | $25.79 | 0.00 | 0.00% | $3.92B | Investment grade | Vanilla |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.35 | 0.03 | +0.03% | $3.89B | Investment grade | Vanilla |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.16 | 0.13 | +0.24% | $3.84B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.20 | 0.01 | +0.04% | $3.81B | Investment grade | Bullet maturity |
|  Vanguard World Funds Extended Duration ETFEDV | $66.18 | -0.13 | -0.20% | $3.79B | Investment grade | Vanilla |
| Invesco Preferred ETFPGX | $10.82 | -0.01 | -0.09% | $3.78B | Broad credit | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $106.15 | 0.07 | +0.06% | $3.76B | Investment grade | Vanilla |
| Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.52 | 0.01 | +0.05% | $3.74B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.12 | 0.01 | +0.02% | $3.54B | Investment grade | Active |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.22 | 0.00 | 0.00% | $3.54B | Investment grade | Bullet maturity |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.35 | 0.02 | +0.07% | $3.52B | Investment grade | Bullet maturity |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.47 | 0.01 | +0.03% | $3.49B | High yield | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.95 | 0.01 | +0.02% | $3.46B | Investment grade | Vanilla |
|  TCW Flexible Income ETFFLXR | $39.23 | 0.03 | +0.08% | $3.31B | Broad credit | Active |
|  Janus Henderson Short Duration Income ETFVNLA | $49.03 | 0.01 | +0.02% | $3.30B | Broad credit | Active |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $43.70 | -0.16 | -0.37% | $3.30B | Broad credit | Active |
| First Trust Smith Unconstrained Bond ETFUCON | $24.90 | -0.08 | -0.32% | $3.30B | Broad credit | Active |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.80 | 0.02 | +0.09% | $3.16B | Investment grade | Bullet maturity |
|  Capital Group Municipal High-Income ETFCGHM | $25.92 | 0.05 | +0.19% | $3.16B | Broad credit | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.73 | 0.02 | +0.04% | $3.12B | Investment grade | Vanilla |
|  VanEck Fallen Angel High Yield Bond ETFANGL | $29.24 | 0.05 | +0.17% | $3.10B | High yield | Fundamental |
|  Franklin U.S. Core Bond ETFFLCB | $21.48 | 0.02 | +0.09% | $3.05B | Investment grade | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.57 | 0.03 | +0.06% | $3.04B | Investment grade | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.37 | 0.02 | +0.08% | $3.01B | High yield | Vanilla |
| Invesco Variable Rate Preferred ETFVRP | $24.30 | 0.01 | +0.04% | $2.94B | Broad credit | Vanilla |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.83 | 0.01 | +0.03% | $2.94B | Investment grade | Vanilla |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.80 | 0.02 | +0.08% | $2.87B | Broad credit | Active |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.58 | 0.02 | +0.13% | $2.84B | Investment grade | Bullet maturity |
| VanEck IG Floating Rate ETFFLTR | $25.58 | 0.01 | +0.04% | $2.81B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $46.93 | 0.03 | +0.06% | $2.67B | Investment grade | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.40 | 0.01 | +0.02% | $2.66B | Investment grade | Vanilla |
| Vanguard California Tax-Exempt Bond ETFVTEC | $100.43 | 0.09 | +0.09% | $2.66B | Investment grade | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.58 | 0.02 | +0.04% | $2.61B | Broad credit | Active |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.65 | 0.01 | +0.09% | $2.60B | Investment grade | Bullet maturity |
| Schwab High Yield Bond ETFSCYB | $26.16 | 0.02 | +0.08% | $2.59B | High yield | Vanilla |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.29 | 0.00 | 0.00% | $2.56B | Investment grade | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.52 | 0.02 | +0.02% | $2.55B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $23.88 | 0.04 | +0.15% | $2.55B | Investment grade | Target duration |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $36.70 | -0.04 | -0.11% | $2.53B | Investment grade | Vanilla |
| First Trust Core Investment Grade ETFFTCB | $20.92 | -0.06 | -0.29% | $2.50B | Investment grade | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.84 | -0.18 | -1.00% | $2.42B | Broad credit | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $20.85 | 0.03 | +0.14% | $2.41B | Investment grade | Bullet maturity |
| Invesco Total Return Bond ETFGTO | $46.95 | 0.06 | +0.13% | $2.40B | Broad credit | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.25 | 0.04 | +0.07% | $2.38B | High yield | Vanilla |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.34 | 0.03 | +0.05% | $2.36B | Investment grade | Vanilla |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $20.52 | -0.22 | -1.06% | $2.34B | Broad credit | Active |
| Capital Group Short Duration Income ETFCGSD | $25.80 | 0.00 | 0.00% | $2.32B | Investment grade | Active |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.88 | -0.01 | -0.02% | $2.31B | Investment grade | Bullet maturity |
| Franklin Dynamic Municipal Bond ETFFLMI | $25.12 | 0.02 | +0.08% | $2.26B | Broad credit | Active |
|  Hartford Total Return Bond ETFHTRB | $33.92 | 0.02 | +0.07% | $2.26B | Broad credit | Active |
| First Trust Senior Loan Fund ETFFTSL | $44.70 | -0.24 | -0.52% | $2.23B | High yield | Active |
| State Street SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $20.87 | 0.06 | +0.29% | $2.23B | Broad credit | Vanilla |
|  BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.91 | 0.00 | +0.01% | $2.22B | Investment grade | Active |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.59 | 0.01 | +0.02% | $2.20B | Investment grade | Active |
| VanEck Intermediate Muni ETFITM | $47.03 | 0.04 | +0.09% | $2.19B | Investment grade | Vanilla |
| Dimensional National Municipal Bond ETFDFNM | $48.29 | 0.03 | +0.06% | $2.19B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.36 | 0.01 | +0.04% | $2.17B | Investment grade | Bullet maturity |
| Global X U.S. Preferred ETFPFFD | $18.65 | -0.03 | -0.16% | $2.14B | Broad credit | Vanilla |
|  BNY Mellon Core Bond ETFBKAG | $42.09 | 0.02 | +0.05% | $2.14B | Investment grade | Vanilla |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.76 | 0.05 | +0.09% | $2.13B | Investment grade | Active |
| First Trust Managed Municipal ETFFMB | $51.30 | -0.16 | -0.31% | $2.05B | Investment grade | Active |
| JPMorgan International Bond Opportunities ETFJPIB | $48.39 | 0.08 | +0.17% | $2.04B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.14 | 0.03 | +0.10% | $2.00B | Investment grade | Fundamental |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.31 | 0.09 | +0.09% | $2.00B | Investment grade | Vanilla |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $42.59 | -0.07 | -0.16% | $1.96B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.50 | 0.02 | +0.07% | $1.95B | Investment grade | Buy-write |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.77 | 0.02 | +0.11% | $1.94B | Broad credit | Active |
|  Avantis Core Fixed Income ETFAVIG | $41.48 | 0.01 | +0.04% | $1.91B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.25 | -0.07 | -0.36% | $1.89B | Broad credit | Active |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $18.90 | 0.03 | +0.16% | $1.89B | Investment grade | Vanilla |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.27 | 0.01 | +0.02% | $1.89B | Investment grade | Target duration |
| Vanguard Total World Bond ETFBNDW | $68.65 | 0.02 | +0.03% | $1.89B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.13 | 0.00 | +0.02% | $1.76B | Investment grade | Bullet maturity |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.04 | -0.02 | -0.08% | $1.76B | Broad credit | Active |
| Vanguard Total Corporate Bond ETFVTC | $77.09 | 0.07 | +0.09% | $1.75B | Investment grade | Vanilla |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.41 | 0.02 | +0.15% | $1.73B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.20 | 0.04 | +0.16% | $1.69B | Investment grade | Bullet maturity |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $93.40 | 0.03 | +0.03% | $1.68B | High yield | Vanilla |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $40.67 | -0.22 | -0.54% | $1.64B | High yield | Active |
| Fidelity Low Duration Bond Factor ETFFLDR | $50.27 | 0.03 | +0.06% | $1.64B | Investment grade | Target duration |
| iShares High Yield Systematic Bond ETFHYDB | $46.74 | 0.01 | +0.02% | $1.63B | High yield | Multi-factor |
| iShares Fallen Angels USD Bond ETFFALN | $27.22 | 0.04 | +0.15% | $1.62B | High yield | Fundamental |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $97.19 | 0.12 | +0.12% | $1.62B | Investment grade | Vanilla |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $53.67 | -0.03 | -0.06% | $1.62B | Broad credit | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $47.67 | 0.03 | +0.06% | $1.59B | Investment grade | Vanilla |
| Vanguard Core Plus Bond ETFVPLS | $77.74 | 0.02 | +0.02% | $1.58B | Broad credit | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $18.89 | -0.06 | -0.32% | $1.56B | Investment grade | Active |
|  Simplify MBS ETFMTBA | $49.20 | -0.17 | -0.34% | $1.55B | Investment grade | Active |
|  Angel Oak UltraShort Income ETFUYLD | $51.16 | 0.01 | +0.02% | $1.54B | Broad credit | Active |
| JPMorgan Short Duration Core Plus ETFJSCP | $47.10 | 0.02 | +0.04% | $1.52B | Broad credit | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.06 | -0.01 | -0.04% | $1.52B | Investment grade | Active |
| Janus Henderson Securitized Income ETFJSI | $51.34 | -0.01 | -0.02% | $1.52B | Broad credit | Active |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.54 | -0.01 | -0.02% | $1.52B | Investment grade | Active |
| Invesco BulletShares 2032 Corporate Bond ETFBSCW | $20.52 | 0.02 | +0.12% | $1.46B | Investment grade | Bullet maturity |
