|  State Street DoubleLine Total Return Tactical ETFTOTL | $40.29 | 0.00 | +0.01% | $4.13B | Broad credit | Active |
|  Capital Group Core Bond ETFCGCB | $26.59 | -0.03 | -0.09% | $4.08B | Investment grade | Active |
|  iShares Short Duration Bond Active ETFNEAR | $51.17 | -0.01 | -0.01% | $4.00B | Investment grade | Active |
|  iShares California Muni Bond ETFCMF | $57.93 | 0.00 | +0.01% | $3.96B | Investment grade | Vanilla |
|  Invesco Preferred ETFPGX | $11.34 | 0.04 | +0.40% | $3.96B | Broad credit | Vanilla |
| State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.25 | 0.02 | +0.02% | $3.95B | Investment grade | Vanilla |
| iShares Intermediate Government/Credit Bond ETFGVI | $107.38 | -0.06 | -0.05% | $3.90B | Investment grade | Vanilla |
|  Vanguard World Funds Extended Duration ETFEDV | $65.56 | 0.09 | +0.15% | $3.89B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.23 | 0.02 | +0.06% | $3.79B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.49 | 0.00 | +0.02% | $3.72B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.31 | 0.02 | +0.06% | $3.66B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.45 | 0.00 | +0.02% | $3.62B | Investment grade | Bullet maturity |
| Invesco National AMT-Free Municipal Bond ETFPZA | $23.35 | 0.02 | +0.06% | $3.61B | Investment grade | Vanilla |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.91 | 0.12 | +0.31% | $3.54B | High yield | Vanilla |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $48.31 | -0.02 | -0.04% | $3.51B | Investment grade | Vanilla |
|  Schwab Municipal Bond ETFSCMB | $25.95 | 0.00 | +0.02% | $3.51B | Investment grade | Vanilla |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $44.38 | 0.01 | +0.03% | $3.45B | Broad credit | Active |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.55 | -0.02 | -0.03% | $3.45B | Investment grade | Active |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.63 | 0.00 | +0.02% | $3.34B | Investment grade | Bullet maturity |
|  Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)TMF | $37.66 | 0.05 | +0.12% | $3.32B | Investment grade | Vanilla |
| Invesco Ultra Short Duration ETFGSY | $50.30 | -0.01 | -0.01% | $3.27B | Investment grade | Active |
| First Trust Smith Unconstrained Bond ETFUCON | $25.20 | 0.01 | +0.06% | $3.22B | Broad credit | Active |
|  VanEck Fallen Angel High Yield Bond ETFANGL | $29.50 | 0.07 | +0.26% | $3.12B | High yield | Fundamental |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $46.07 | 0.02 | +0.03% | $3.03B | Investment grade | Vanilla |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $25.10 | -0.02 | -0.10% | $3.00B | High yield | Vanilla |
|  Janus Henderson Short Duration Income ETFVNLA | $49.22 | 0.02 | +0.03% | $2.97B | Broad credit | Active |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.10 | 0.00 | 0.00% | $2.89B | Investment grade | Bullet maturity |
|  Franklin U.S. Core Bond ETFFLCB | $21.67 | 0.00 | 0.00% | $2.86B | Investment grade | Active |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.72 | 0.03 | +0.07% | $2.78B | Investment grade | Vanilla |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.87 | -0.02 | -0.08% | $2.77B | Investment grade | Bullet maturity |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.78 | 0.01 | +0.05% | $2.75B | Investment grade | Vanilla |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.91 | 0.03 | +0.05% | $2.66B | Investment grade | Active |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.54 | 0.01 | +0.01% | $2.65B | Investment grade | Active |
| Capital Group Municipal High-Income ETFCGHM | $25.66 | -0.02 | -0.08% | $2.64B | Broad credit | Active |
|  TCW Flexible Income ETFFLXR | $39.63 | 0.02 | +0.06% | $2.63B | Broad credit | Active |
| VanEck IG Floating Rate ETFFLTR | $25.53 | 0.02 | +0.06% | $2.56B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.17 | 0.00 | +0.02% | $2.52B | Investment grade | Target duration |
|  ALPS Smith Core Plus Bond ETFSMTH | $26.09 | 0.00 | 0.00% | $2.48B | Broad credit | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.47 | 0.04 | +0.14% | $2.41B | Broad credit | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.94 | 0.00 | -0.01% | $2.40B | Investment grade | Bullet maturity |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.77 | -0.01 | -0.03% | $2.36B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.89 | 0.01 | +0.04% | $2.34B | Investment grade | Bullet maturity |
| First Trust Senior Loan Fund ETFFTSL | $45.35 | 0.10 | +0.23% | $2.32B | High yield | Active |
|  Hartford Total Return Bond ETFHTRB | $34.26 | -0.02 | -0.04% | $2.30B | Broad credit | Active |
| SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $21.65 | 0.10 | +0.44% | $2.29B | Broad credit | Vanilla |
| Schwab High Yield Bond ETFSCYB | $26.46 | 0.07 | +0.25% | $2.28B | High yield | Vanilla |
|  Global X U.S. Preferred ETFPFFD | $19.27 | 0.13 | +0.71% | $2.24B | Broad credit | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.58 | 0.01 | +0.01% | $2.24B | Broad credit | Active |
| Invesco Short Term Treasury ETFTBLL | $105.69 | 0.03 | +0.03% | $2.23B | Investment grade | Vanilla |
|  BNY Mellon Core Bond ETFBKAG | $42.48 | 0.03 | +0.07% | $2.22B | Investment grade | Vanilla |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.17 | 0.00 | +0.02% | $2.22B | Investment grade | Bullet maturity |
| VanEck Intermediate Muni ETFITM | $47.55 | 0.02 | +0.03% | $2.20B | Investment grade | Vanilla |
| Global X 1-3 Month T-Bill ETFCLIP | $100.17 | 0.03 | +0.02% | $2.19B | Investment grade | Vanilla |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.72 | 0.18 | +0.82% | $2.18B | Broad credit | Active |
| VanEck Preferred Securities ex Financials ETFPFXF | $18.25 | 0.21 | +1.19% | $2.14B | Broad credit | Vanilla |
| First Trust Core Investment Grade ETFFTCB | $21.24 | 0.00 | -0.02% | $2.09B | Investment grade | Active |
| Invesco Total Return Bond ETFGTO | $47.58 | 0.02 | +0.05% | $2.06B | Broad credit | Active |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.48 | 0.01 | +0.02% | $2.03B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.64 | -0.02 | -0.03% | $2.01B | Investment grade | Active |
| Capital Group Short Duration Income ETFCGSD | $26.07 | 0.00 | -0.02% | $1.99B | Investment grade | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.65 | 0.12 | +0.21% | $1.96B | High yield | Vanilla |
| First Trust Managed Municipal ETFFMB | $51.60 | -0.01 | -0.01% | $1.95B | Investment grade | Active |
| Vanguard California Tax-Exempt Bond ETFVTEC | $101.03 | -0.01 | 0.00% | $1.95B | Investment grade | Vanilla |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $51.05 | -0.03 | -0.06% | $1.93B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.48 | 0.04 | +0.18% | $1.89B | Broad credit | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.45 | 0.05 | +0.20% | $1.88B | High yield | Fundamental |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.27 | 0.02 | +0.03% | $1.87B | Investment grade | Target duration |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.19 | 0.02 | +0.08% | $1.84B | Investment grade | Vanilla |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.42 | 0.01 | +0.04% | $1.84B | Investment grade | Fundamental |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.53 | 0.10 | +0.25% | $1.80B | High yield | Active |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $43.16 | 0.00 | 0.00% | $1.80B | Investment grade | Active |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.81 | 0.01 | +0.02% | $1.76B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.72 | 0.02 | +0.07% | $1.74B | Investment grade | Buy-write |
| Victory Portfolios II VictoryShares Core Plus Bond ETFUBND | $22.09 | 0.03 | +0.14% | $1.74B | Broad credit | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $48.16 | 0.00 | +0.01% | $1.73B | Investment grade | Vanilla |
|  Simplify MBS ETFMTBA | $50.44 | 0.03 | +0.07% | $1.70B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $47.49 | 0.14 | +0.29% | $1.67B | High yield | Multi-factor |
| Franklin Dynamic Municipal Bond ETFFLMI | $25.15 | 0.02 | +0.06% | $1.67B | Broad credit | Active |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $102.32 | -0.02 | -0.02% | $1.66B | Investment grade | Vanilla |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $94.55 | 0.28 | +0.30% | $1.63B | High yield | Vanilla |
| JPMorgan International Bond Opportunities ETFJPIB | $49.03 | 0.04 | +0.08% | $1.62B | Broad credit | Active |
| SPDR Bloomberg International Treasury Bond ETFBWX | $22.68 | 0.04 | +0.20% | $1.61B | Investment grade | Vanilla |
| Vanguard Total Corporate Bond ETFVTC | $77.85 | 0.02 | +0.02% | $1.61B | Investment grade | Vanilla |
|  Avantis Core Fixed Income ETFAVIG | $42.01 | 0.02 | +0.06% | $1.60B | Investment grade | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.72 | 0.00 | -0.03% | $1.59B | Investment grade | Bullet maturity |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.58 | -0.01 | -0.04% | $1.59B | Investment grade | Bullet maturity |
| Vanguard Total World Bond ETFBNDW | $68.98 | -0.01 | -0.01% | $1.57B | Investment grade | Vanilla |
| iShares iBonds Dec 2028 Term Treasury ETFIBTI | $22.37 | -0.01 | -0.04% | $1.54B | Investment grade | Bullet maturity |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $64.45 | 0.01 | +0.02% | $1.53B | Investment grade | Vanilla |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.84 | 0.03 | +0.06% | $1.48B | Investment grade | Active |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $98.13 | 0.03 | +0.03% | $1.48B | Investment grade | Vanilla |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.71 | 0.00 | 0.00% | $1.47B | Investment grade | Multi-factor |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.19 | 0.01 | +0.08% | $1.46B | Investment grade | Active |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.09 | 0.00 | +0.03% | $1.46B | Broad credit | Active |
| Janus Henderson Securitized Income ETFJSI | $52.35 | 0.03 | +0.05% | $1.45B | Broad credit | Active |
|  AB Ultra Short Income ETFYEAR | $50.49 | 0.00 | +0.01% | $1.45B | Investment grade | Active |
| Dimensional Global ex US Core Fixed Income ETFDFGX | $53.03 | -0.01 | -0.02% | $1.42B | Broad credit | Active |
| FlexShares Ultra-Short Income FundRAVI | $75.45 | 0.00 | 0.00% | $1.40B | Investment grade | Active |
|  WisdomTree Voya Yield Enhanced USD Universal Bond FundUNIY | $49.13 | 0.02 | +0.04% | $1.40B | Broad credit | Multi-factor |
|  Goldman Sachs Ultra Short Bond ETFGSST | $50.58 | 0.02 | +0.03% | $1.38B | Investment grade | Active |
