|  VanEck High Yield Muni ETFHYD | $51.26 | 0.01 | +0.01% | $4.00B | High yield | Vanilla |
|  Xtrackers USD High Yield Corporate Bond ETFHYLB | $36.84 | 0.05 | +0.15% | $3.98B | High yield | Vanilla |
|  iShares Convertible Bond ETFICVT | $99.89 | 0.01 | +0.01% | $3.97B | Broad credit | Vanilla |
|  Invesco Preferred ETFPGX | $11.24 | 0.03 | +0.29% | $3.96B | Broad credit | Vanilla |
|  State Street SPDR Bloomberg 3-12 Month T-Bill ETFBILS | $99.14 | 0.02 | +0.02% | $3.85B | Investment grade | Vanilla |
|  Capital Group U.S. Multi-Sector Income ETFCGMS | $27.64 | -0.13 | -0.45% | $3.82B | Broad credit | Active |
| iShares Intermediate Government/Credit Bond ETFGVI | $107.34 | 0.19 | +0.18% | $3.79B | Investment grade | Vanilla |
|  iShares Short Duration Bond Active ETFNEAR | $51.05 | 0.07 | +0.13% | $3.75B | Investment grade | Active |
| iShares California Muni Bond ETFCMF | $57.41 | 0.02 | +0.03% | $3.73B | Investment grade | Vanilla |
| iShares iBonds Dec 2026 Term Corporate ETFIBDR | $24.20 | 0.00 | -0.02% | $3.59B | Investment grade | Bullet maturity |
| Capital Group Core Bond ETFCGCB | $26.52 | -0.07 | -0.24% | $3.54B | Investment grade | Active |
| State Street SPDR Nuveen ICE Short Term Municipal Bond ETFSHM | $47.95 | 0.02 | +0.04% | $3.51B | Investment grade | Vanilla |
| iShares iBonds Dec 2027 Term Corporate ETFIBDS | $24.25 | 0.02 | +0.10% | $3.49B | Investment grade | Bullet maturity |
|  First Trust Exchange-Traded Fund VIII First Trust Smith Opportunistic Fixed Income ETFFIXD | $44.44 | 0.16 | +0.35% | $3.44B | Broad credit | Active |
| iShares iBonds Dec 2028 Term Corporate ETFIBDT | $25.43 | 0.04 | +0.14% | $3.37B | Investment grade | Bullet maturity |
| Invesco National AMT-Free Municipal Bond ETFPZA | $23.18 | 0.02 | +0.11% | $3.31B | Investment grade | Vanilla |
| iShares iBonds Dec 2029 Term Corporate ETFIBDU | $23.39 | 0.04 | +0.15% | $3.23B | Investment grade | Bullet maturity |
| Invesco Ultra Short Duration ETFGSY | $50.20 | 0.00 | +0.01% | $3.23B | Investment grade | Active |
| First Trust Smith Unconstrained Bond ETFUCON | $25.18 | 0.05 | +0.20% | $3.14B | Broad credit | Active |
| VanEck Fallen Angel High Yield Bond ETFANGL | $29.50 | 0.05 | +0.19% | $3.13B | High yield | Fundamental |
| Invesco BulletShares 2028 Corporate Bond ETFBSCS | $20.57 | 0.02 | +0.07% | $3.09B | Investment grade | Bullet maturity |
|  JPMorgan Limited Duration Bond ETFJPLD | $52.48 | 0.07 | +0.14% | $3.03B | Investment grade | Active |
| State Street SPDR Nuveen ICE Municipal Bond ETFTFI | $45.70 | 0.05 | +0.10% | $3.00B | Investment grade | Vanilla |
|  Janus Henderson Short Duration Income ETFVNLA | $49.09 | 0.01 | +0.02% | $2.85B | Broad credit | Active |
| State Street SPDR Nuveen ICE High Yield Municipal Bond ETFHYMB | $24.96 | 0.02 | +0.06% | $2.84B | High yield | Vanilla |
| iShares 10+ Year Investment Grade Corporate Bond ETFIGLB | $50.81 | 0.27 | +0.54% | $2.78B | Investment grade | Vanilla |
|  Franklin U.S. Core Bond ETFFLCB | $21.66 | 0.06 | +0.28% | $2.76B | Investment grade | Active |
|  Victory Portfolios II VictoryShares Core Intermediate Bond ETFUITB | $47.39 | 0.11 | +0.23% | $2.69B | Investment grade | Active |
| State Street SPDR Bloomberg Investment Grade Floating Rate ETFFLRN | $30.70 | 0.00 | +0.02% | $2.67B | Investment grade | Vanilla |
|  Schwab Municipal Bond ETFSCMB | $25.73 | 0.02 | +0.10% | $2.65B | Investment grade | Vanilla |
| VanEck IG Floating Rate ETFFLTR | $25.55 | 0.01 | +0.02% | $2.56B | Investment grade | Vanilla |
|  FlexShares iBoxx 3-Year Target Duration TIPS Index FundTDTT | $24.02 | 0.02 | +0.10% | $2.54B | Investment grade | Target duration |
| iShares iBonds Dec 2030 Term Corporate ETFIBDV | $22.07 | 0.04 | +0.18% | $2.52B | Investment grade | Bullet maturity |
| Invesco BulletShares 2029 Corporate Bond ETFBSCT | $18.82 | 0.04 | +0.19% | $2.50B | Investment grade | Bullet maturity |
|  PIMCO Intermediate Municipal Bond Active Exchange-Traded FundMUNI | $52.52 | 0.05 | +0.09% | $2.46B | Investment grade | Active |
| Capital Group Municipal High-Income ETFCGHM | $25.43 | -0.11 | -0.41% | $2.43B | Broad credit | Active |
| iShares 0-5 Year Investment Grade Corporate Bond ETFSLQD | $50.66 | 0.06 | +0.13% | $2.35B | Investment grade | Vanilla |
|  TCW Flexible Income ETFFLXR | $39.55 | 0.03 | +0.09% | $2.34B | Broad credit | Active |
| Invesco Variable Rate Preferred ETFVRP | $24.32 | 0.02 | +0.10% | $2.33B | Broad credit | Vanilla |
|  ALPS Smith Core Plus Bond ETFSMTH | $26.11 | 0.07 | +0.28% | $2.32B | Broad credit | Active |
| First Trust Senior Loan Fund ETFFTSL | $45.91 | 0.02 | +0.05% | $2.26B | High yield | Active |
|  Global X U.S. Preferred ETFPFFD | $19.11 | 0.04 | +0.18% | $2.24B | Broad credit | Vanilla |
| iShares iBonds Dec 2026 Term Treasury ETFIBTG | $22.86 | 0.00 | 0.00% | $2.23B | Investment grade | Bullet maturity |
| SPDR Bloomberg Emerging Markets Local Bond ETFEBND | $21.41 | 0.11 | +0.49% | $2.23B | Broad credit | Vanilla |
| Invesco Short Term Treasury ETFTBLL | $105.58 | 0.02 | +0.02% | $2.23B | Investment grade | Vanilla |
| Invesco BulletShares 2030 Corporate Bond ETFBSCU | $16.91 | 0.04 | +0.21% | $2.17B | Investment grade | Bullet maturity |
| VanEck Intermediate Muni ETFITM | $47.34 | 0.08 | +0.17% | $2.13B | Investment grade | Vanilla |
|  Dimensional Global Core Plus Fixed Income ETFDFGP | $54.17 | 0.17 | +0.32% | $2.08B | Broad credit | Active |
|  Hartford Total Return Bond ETFHTRB | $34.44 | 0.09 | +0.28% | $2.08B | Broad credit | Active |
| iShares iBonds Dec 2031 Term Corporate ETFIBDW | $21.14 | 0.05 | +0.26% | $2.06B | Investment grade | Bullet maturity |
|  BNY Mellon Core Bond ETFBKAG | $42.54 | 0.12 | +0.28% | $2.06B | Investment grade | Vanilla |
| Global X 1-3 Month T-Bill ETFCLIP | $100.36 | 0.03 | +0.02% | $2.05B | Investment grade | Vanilla |
| VanEck Preferred Securities ex Financials ETFPFXF | $17.96 | 0.04 | +0.20% | $2.05B | Broad credit | Vanilla |
| Invesco Total Return Bond ETFGTO | $47.47 | 0.09 | +0.18% | $2.02B | Broad credit | Active |
|  Virtus InfraCap U.S. Preferred Stock ETFPFFA | $21.61 | -0.01 | -0.04% | $2.01B | Broad credit | Active |
| Schwab High Yield Bond ETFSCYB | $26.43 | 0.04 | +0.17% | $1.98B | High yield | Vanilla |
|  BondBloxx Bloomberg Six Month Target Duration US Treasury ETFXHLF | $50.38 | 0.02 | +0.03% | $1.96B | Investment grade | Target duration |
| First Trust Managed Municipal ETFFMB | $51.16 | 0.05 | +0.11% | $1.94B | Investment grade | Active |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.45 | 0.01 | +0.04% | $1.88B | Investment grade | Bullet maturity |
| Dimensional National Municipal Bond ETFDFNM | $48.12 | 0.01 | +0.01% | $1.87B | Investment grade | Active |
| iShares Fallen Angels USD Bond ETFFALN | $27.32 | 0.07 | +0.24% | $1.86B | High yield | Fundamental |
| Capital Group Short Duration Income ETFCGSD | $25.98 | -0.11 | -0.44% | $1.84B | Investment grade | Active |
| First Trust Institutional Preferred Securities and Income ETFFPEI | $19.41 | 0.05 | +0.23% | $1.82B | Broad credit | Active |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.41 | 0.09 | +0.29% | $1.78B | Investment grade | Fundamental |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.07 | 0.02 | +0.13% | $1.78B | Investment grade | Vanilla |
| First Trust Exchange-Traded Fund IV First Trust Tactical High Yield ETFHYLS | $41.85 | 0.06 | +0.13% | $1.77B | High yield | Active |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $48.21 | 0.15 | +0.31% | $1.72B | Investment grade | Vanilla |
| Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.78 | 0.04 | +0.08% | $1.71B | Investment grade | Active |
| First Trust Core Investment Grade ETFFTCB | $21.23 | 0.06 | +0.28% | $1.70B | Investment grade | Active |
|  Simplify MBS ETFMTBA | $50.43 | 0.10 | +0.21% | $1.67B | Investment grade | Active |
| iShares High Yield Systematic Bond ETFHYDB | $47.40 | 0.11 | +0.22% | $1.66B | High yield | Multi-factor |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.84 | 0.13 | +0.55% | $1.65B | Investment grade | Buy-write |
| PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $66.35 | 0.72 | +1.09% | $1.65B | Investment grade | Vanilla |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.63 | 0.01 | +0.01% | $1.64B | Investment grade | Active |
| Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.51 | 0.08 | +0.15% | $1.56B | High yield | Vanilla |
| Victory Portfolios II VictoryShares Core Plus Intermediate Bond ETFUBND | $21.99 | 0.05 | +0.22% | $1.55B | Broad credit | Active |
|  Vanguard California Tax-Exempt Bond ETFVTEC | $100.19 | -0.20 | -0.20% | $1.53B | Investment grade | Vanilla |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.44 | -0.25 | -0.25% | $1.52B | Investment grade | Vanilla |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $43.06 | 0.12 | +0.28% | $1.52B | Investment grade | Active |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $95.43 | 0.14 | +0.15% | $1.51B | High yield | Vanilla |
| Vanguard Total World Bond ETFBNDW | $68.88 | 0.14 | +0.20% | $1.50B | Investment grade | Vanilla |
|  Avantis Core Fixed Income ETFAVIG | $41.97 | 0.11 | +0.26% | $1.49B | Investment grade | Active |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.74 | 0.14 | +0.31% | $1.48B | Investment grade | Multi-factor |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.55 | 0.08 | +0.29% | $1.48B | Investment grade | Bullet maturity |
| JPMorgan International Bond Opportunities ETFJPIB | $48.95 | 0.06 | +0.13% | $1.46B | Broad credit | Active |
|  AB Ultra Short Income ETFYEAR | $50.64 | 0.01 | +0.02% | $1.45B | Investment grade | Active |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.69 | 0.03 | +0.20% | $1.43B | Investment grade | Bullet maturity |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.16 | 0.02 | +0.11% | $1.42B | Investment grade | Active |
| Vanguard Total Corporate Bond ETFVTC | $77.81 | 0.21 | +0.27% | $1.42B | Investment grade | Vanilla |
|  Principal Spectrum Preferred Securities Active ETFPREF | $19.14 | 0.05 | +0.28% | $1.41B | Broad credit | Active |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.68 | 0.04 | +0.08% | $1.40B | Investment grade | Active |
|  WisdomTree Voya Yield Enhanced USD Universal Bond FundUNIY | $49.26 | 0.05 | +0.10% | $1.38B | Broad credit | Multi-factor |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $98.53 | 0.34 | +0.35% | $1.37B | Investment grade | Vanilla |
| Janus Henderson Securitized Income ETFJSI | $51.97 | 0.00 | 0.00% | $1.36B | Broad credit | Active |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.07 | 0.01 | +0.04% | $1.36B | Investment grade | Active |
| FlexShares Ultra-Short Income FundRAVI | $75.29 | 0.00 | 0.00% | $1.36B | Investment grade | Active |
| SPDR Bloomberg International Treasury Bond ETFBWX | $22.61 | 0.07 | +0.32% | $1.35B | Investment grade | Vanilla |
| VanEck CLO ETFCLOI | $53.02 | 0.00 | +0.01% | $1.34B | Broad credit | Active |
|  Eaton Vance Floating-Rate ETFEVLN | $49.45 | -0.02 | -0.05% | $1.33B | High yield | Active |
| Invesco Emerging Markets Sovereign Debt ETFPCY | $21.80 | 0.12 | +0.53% | $1.32B | Broad credit | Technical |
