|  iShares California Muni Bond ETFCMF | $57.27 | 0.04 | +0.07% | $4.33B | Investment grade | Vanilla |
|  VanEck High Yield Muni ETFHYD | $51.15 | 0.06 | +0.12% | $4.26B | High yield | Vanilla |
|  State Street DoubleLine Total Return Tactical ETFTOTL | $39.62 | 0.04 | +0.10% | $4.19B | Broad credit | Active |
|  Invesco National AMT-Free Municipal Bond ETFPZA | $23.33 | 0.01 | +0.04% | $4.10B | Investment grade | Vanilla |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.24 | 0.04 | +0.04% | $3.96B | Investment grade | Vanilla |
| Invesco Preferred ETFPGX | $11.19 | 0.03 | +0.27% | $3.93B | Broad credit | Vanilla |
| Invesco BulletShares 2026 Corporate Bond ETFBSCQ | $19.55 | 0.00 | +0.03% | $3.89B | Investment grade | Bullet maturity |
|  Vanguard World Funds Extended Duration ETFEDV | $64.03 | 0.44 | +0.69% | $3.88B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.27 | 0.03 | +0.12% | $3.84B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.19 | 0.01 | +0.04% | $3.81B | Investment grade | Bullet maturity |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.18 | 0.04 | +0.08% | $3.80B | Investment grade | Active |
| iShares Intermediate Government/Credit Bond ETFGVI | $106.44 | 0.17 | +0.16% | $3.77B | Investment grade | Vanilla |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.20 | 0.02 | +0.09% | $3.74B | Investment grade | Bullet maturity |
|  Schwab Municipal Bond ETFSCMB | $25.66 | 0.02 | +0.08% | $3.72B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.20 | 0.00 | 0.00% | $3.63B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.22 | 0.03 | +0.06% | $3.47B | Investment grade | Active |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.45 | 0.02 | +0.10% | $3.46B | Investment grade | Bullet maturity |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.59 | 0.12 | +0.33% | $3.44B | High yield | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.80 | 0.04 | +0.08% | $3.42B | Investment grade | Vanilla |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $43.81 | 0.21 | +0.48% | $3.37B | Broad credit | Active |
| First Trust Smith Unconstrained Bond ETFUCON | $24.98 | 0.04 | +0.16% | $3.25B | Broad credit | Active |
|  Janus Henderson Short Duration Income ETFVNLA | $48.96 | 0.04 | +0.08% | $3.24B | Broad credit | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.51 | 0.03 | +0.07% | $3.11B | Investment grade | Vanilla |
| VanEck Fallen Angel High Yield Bond ETFANGL | $29.17 | 0.09 | +0.31% | $3.10B | High yield | Fundamental |
|  TCW Flexible Income ETFFLXR | $39.26 | 0.05 | +0.13% | $3.08B | Broad credit | Active |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $21.86 | 0.04 | +0.18% | $3.06B | Investment grade | Bullet maturity |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.14 | 0.03 | +0.12% | $2.92B | High yield | Vanilla |
|  Capital Group Municipal High-Income ETFCGHM | $25.62 | 0.01 | +0.04% | $2.91B | Broad credit | Active |
|  Franklin U.S. Core Bond ETFFLCB | $21.44 | 0.04 | +0.19% | $2.89B | Investment grade | Active |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.42 | 0.01 | +0.02% | $2.89B | Investment grade | Active |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.76 | 0.02 | +0.07% | $2.82B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.68 | 0.02 | +0.08% | $2.79B | Investment grade | Bullet maturity |
|  Direxion Daily 20+ Year Treasury Bull 3X ETFTMF | $35.59 | 0.44 | +1.25% | $2.73B | Investment grade | Vanilla |
|  ALPS Smith Core Plus Bond ETFSMTH | $25.84 | 0.06 | +0.23% | $2.69B | Broad credit | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $49.94 | 0.29 | +0.58% | $2.68B | Investment grade | Vanilla |
| VanEck IG Floating Rate ETFFLTR | $25.50 | 0.02 | +0.08% | $2.68B | Investment grade | Vanilla |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $46.91 | -0.06 | -0.13% | $2.64B | Investment grade | Active |
| Invesco Short Term Treasury ETFTBLL | $105.70 | 0.03 | +0.03% | $2.63B | Investment grade | Vanilla |
| Invesco Variable Rate Preferred ETFVRP | $24.39 | 0.03 | +0.12% | $2.57B | Broad credit | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.31 | 0.05 | +0.21% | $2.57B | Investment grade | Target duration |
|  Global X 1-3 Month T-Bill ETFCLIP | $100.15 | 0.03 | +0.03% | $2.55B | Investment grade | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.76 | 0.04 | +0.21% | $2.51B | Investment grade | Bullet maturity |
| Schwab High Yield Bond ETFSCYB | $26.21 | 0.07 | +0.27% | $2.49B | High yield | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.64 | 0.17 | +0.31% | $2.48B | Broad credit | Active |
| Vanguard California Tax-Exempt Bond ETFVTEC | $99.75 | 0.01 | +0.01% | $2.45B | Investment grade | Vanilla |
| First Trust Core Investment Grade ETFFTCB | $20.99 | 0.05 | +0.24% | $2.42B | Investment grade | Active |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.84 | 0.15 | +0.69% | $2.41B | Broad credit | Active |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $20.91 | 0.04 | +0.19% | $2.38B | Investment grade | Bullet maturity |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.84 | 0.14 | +0.75% | $2.37B | Broad credit | Vanilla |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.40 | 0.06 | +0.12% | $2.33B | Investment grade | Vanilla |
| First Trust Senior Loan Fund ETFFTSL | $45.22 | 0.00 | 0.00% | $2.30B | High yield | Active |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.86 | 0.01 | +0.07% | $2.29B | Investment grade | Bullet maturity |
| State Street SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $21.18 | 0.09 | +0.43% | $2.27B | Broad credit | Vanilla |
| Invesco Total Return Bond ETFGTO | $47.09 | 0.09 | +0.19% | $2.27B | Broad credit | Active |
|  Hartford Total Return Bond ETFHTRB | $33.90 | 0.10 | +0.30% | $2.26B | Broad credit | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.22 | 0.06 | +0.12% | $2.22B | High yield | Vanilla |
| Capital Group Short Duration Income ETFCGSD | $25.84 | 0.01 | +0.04% | $2.21B | Investment grade | Active |
| Global X U.S. Preferred ETFPFFD | $19.14 | 0.14 | +0.74% | $2.18B | Broad credit | Vanilla |
| VanEck Intermediate Muni ETFITM | $46.78 | 0.02 | +0.05% | $2.17B | Investment grade | Vanilla |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.39 | 0.01 | +0.02% | $2.15B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.26 | -0.02 | -0.04% | $2.12B | Investment grade | Active |
|  BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.88 | 0.04 | +0.07% | $2.11B | Investment grade | Active |
|  BNY Mellon Core Bond ETFBKAG | $42.05 | 0.10 | +0.25% | $2.11B | Investment grade | Vanilla |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.58 | -0.15 | -0.30% | $2.05B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.33 | 0.11 | +0.50% | $2.02B | Investment grade | Buy-write |
| First Trust Managed Municipal ETFFMB | $51.18 | 0.00 | +0.01% | $2.02B | Investment grade | Active |
| Franklin Dynamic Municipal Bond ETFFLMI | $24.96 | 0.00 | 0.00% | $2.00B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.07 | 0.10 | +0.35% | $1.96B | Investment grade | Fundamental |
| JPMorgan International Bond Opportunities ETFJPIB | $48.12 | 0.10 | +0.21% | $1.95B | Broad credit | Active |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.22 | 0.00 | 0.00% | $1.91B | Investment grade | Target duration |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $42.63 | 0.06 | +0.14% | $1.90B | Investment grade | Active |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.25 | 0.04 | +0.21% | $1.89B | Investment grade | Vanilla |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.33 | 0.07 | +0.36% | $1.89B | Broad credit | Active |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.08 | 0.04 | +0.04% | $1.89B | Investment grade | Vanilla |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.82 | 0.01 | +0.02% | $1.88B | Investment grade | Active |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $21.75 | -0.03 | -0.14% | $1.85B | Broad credit | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.13 | 0.09 | +0.33% | $1.81B | High yield | Fundamental |
|  Avantis Core Fixed Income ETFAVIG | $41.56 | 0.12 | +0.29% | $1.80B | Investment grade | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.52 | 0.04 | +0.21% | $1.75B | Investment grade | Bullet maturity |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $93.67 | 0.38 | +0.41% | $1.70B | High yield | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.20 | 0.02 | +0.07% | $1.69B | Investment grade | Bullet maturity |
| Vanguard Total Corporate Bond ETFVTC | $76.93 | 0.27 | +0.35% | $1.67B | Investment grade | Vanilla |
|  Simplify MBS ETFMTBA | $49.53 | 0.15 | +0.30% | $1.66B | Investment grade | Active |
| Vanguard Total World Bond ETFBNDW | $68.36 | 0.15 | +0.22% | $1.65B | Investment grade | Vanilla |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.27 | 0.07 | +0.30% | $1.65B | Investment grade | Bullet maturity |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.08 | 0.13 | +0.32% | $1.65B | High yield | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $97.06 | 0.30 | +0.31% | $1.61B | Investment grade | Vanilla |
|  NYLI MacKay Muni Intermediate ETFMMIT | $24.32 | 0.02 | +0.08% | $1.59B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $46.89 | 0.13 | +0.28% | $1.57B | High yield | Multi-factor |
| Dimensional ETF Trust Dimensional International Core Fixed Income ETFDFGX | $52.99 | 0.16 | +0.30% | $1.55B | Broad credit | Active |
| Janus Henderson Securitized Income ETFJSI | $51.66 | 0.06 | +0.12% | $1.52B | Broad credit | Active |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $18.99 | 0.04 | +0.21% | $1.52B | Investment grade | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $47.61 | 0.16 | +0.34% | $1.50B | Investment grade | Vanilla |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.09 | 0.00 | 0.00% | $1.50B | Investment grade | Active |
| State Street SPDR Bloomberg International Treasury Bond ETFBWX | $22.39 | 0.08 | +0.36% | $1.50B | Investment grade | Vanilla |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.48 | 0.01 | +0.01% | $1.49B | Investment grade | Active |
|  Angel Oak UltraShort Income ETFUYLD | $51.10 | 0.03 | +0.06% | $1.48B | Broad credit | Active |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.02 | 0.03 | +0.13% | $1.48B | Broad credit | Active |
|  AB Ultra Short Income ETFYEAR | $50.35 | 0.00 | 0.00% | $1.47B | Investment grade | Active |
| Vanguard Core Plus Bond ETFVPLS | $77.69 | 0.16 | +0.20% | $1.47B | Broad credit | Active |
