|  First Trust Water ETFFIW | $109.85 | -0.10 | -0.09% | $1.91B | Theme | Equal |
|  Nuveen ESG Large-Cap Value ETFNULV | $45.05 | 0.19 | +0.42% | $1.90B | Large cap | Value |
| First Trust NASDAQ-100 Equal Weighted Index FundQQEW | $143.19 | 1.01 | +0.71% | $1.90B | Large cap | Exchange-specific |
|  Fidelity Small-Mid Multifactor ETFFSMD | $44.76 | 0.01 | +0.02% | $1.89B | Extended market | Multi-factor |
|  Motley Fool 100 Index ETFTMFC | $71.61 | 0.67 | +0.95% | $1.87B | Total market | Copycat |
| Fidelity MSCI Communication Services Index ETFFCOM | $72.48 | -0.02 | -0.03% | $1.87B | Communication services | Vanilla |
|  WisdomTree U.S. SmallCap Dividend FundDES | $34.10 | -0.25 | -0.71% | $1.87B | Small cap | Dividends |
|  FlexShares Morningstar US Market Factors Tilt Index FundTILT | $249.00 | 1.02 | +0.41% | $1.85B | Total market | Multi-factor |
|  Dimensional US Sustainability Core 1 ETFDFSU | $43.52 | 0.35 | +0.81% | $1.85B | Total market | Active |
|  iShares Fallen Angels USD Bond ETFFALN | $27.25 | -0.16 | -0.60% | $1.85B | High yield | Fundamental |
|  SP Funds S&P 500 Sharia ETFSPUS | $50.97 | 0.61 | +1.22% | $1.85B | Large cap | ESG |
| iShares iBonds Dec 2027 Term Treasury ETFIBTH | $22.45 | -0.07 | -0.29% | $1.84B | Investment grade | Bullet maturity |
| iShares Select U.S. REIT ETFICF | $59.01 | -0.26 | -0.45% | $1.84B | Real estate | Fundamental |
|  Distillate U.S. Fundamental Stability & Value ETFDSTL | $59.24 | 0.07 | +0.12% | $1.84B | Large cap | Active |
|  Direxion Daily Small Cap Bull 3x SharesTNA | $48.26 | 1.05 | +2.22% | $1.84B | Small cap | Vanilla |
| Dimensional National Municipal Bond ETFDFNM | $48.10 | 0.00 | +0.01% | $1.84B | Investment grade | Active |
|  EA Bridgeway Omni Small-Cap Value ETFBSVO | $23.73 | -0.13 | -0.53% | $1.84B | Small cap | Active |
|  Capital Group Short Duration Income ETFCGSD | $26.09 | -0.01 | -0.02% | $1.82B | Investment grade | Active |
|  Global X MLP ETFMLPA | $48.15 | -0.04 | -0.08% | $1.81B | Energy | Vanilla |
| First Trust Exchange-Traded Fund VI First Trust BuyWrite Income ETFFTHI | $23.59 | 0.16 | +0.70% | $1.79B | Total market | Active |
|  State Street SPDR S&P Oil & Gas Exploration & Production ETFXOP | $125.55 | 0.46 | +0.37% | $1.78B | Energy | Equal |
| State Street SPDR Bloomberg 1-10 Year TIPS ETFTIPX | $19.07 | -0.03 | -0.16% | $1.78B | Investment grade | Vanilla |
| State Street SPDR Portfolio Corporate Bond ETFSPBO | $29.30 | -0.06 | -0.22% | $1.78B | Investment grade | Fundamental |
|  Franklin U.S. Mid Cap Multifactor Index ETFFLQM | $56.89 | -0.18 | -0.32% | $1.77B | Mid cap | Multi-factor |
|  JPMorgan U.S. Momentum Factor ETFJMOM | $68.63 | 0.82 | +1.21% | $1.74B | Large cap | Momentum |
| First Trust Utilities AlphaDEX FundFXU | $44.56 | -0.45 | -0.99% | $1.74B | Utilities | Multi-factor |
| iShares U.S. Utilities ETFIDU | $107.40 | -1.36 | -1.25% | $1.74B | Utilities | Vanilla |
|  ProShares S&P MidCap 400 Dividend Aristocrats ETFREGL | $85.79 | -0.45 | -0.52% | $1.73B | Mid cap | Dividends |
| iShares Aaa - A Rated Corporate Bond ETFQLTA | $48.03 | -0.29 | -0.59% | $1.72B | Investment grade | Vanilla |
| iShares U.S. Industrials ETFIYJ | $148.80 | 1.39 | +0.94% | $1.71B | Industrials | Vanilla |
|  Victory Portfolios II VictoryShares Short-Term Bond ETFUSTB | $50.74 | -0.02 | -0.03% | $1.70B | Investment grade | Active |
| State Street SPDR S&P Homebuilders ETFXHB | $105.07 | -1.27 | -1.20% | $1.69B | Theme | Equal |
| State Street SPDR Dow Jones REIT ETFRWR | $98.89 | -0.40 | -0.40% | $1.69B | Real estate | Vanilla |
| First Trust Industrials/Producer Durables AlphaDEX FundFXR | $80.46 | 0.54 | +0.67% | $1.68B | Industrials | Multi-factor |
| Franklin U.S. Large Cap Multifactor Index ETFFLQL | $69.47 | 0.44 | +0.63% | $1.67B | Large cap | Multi-factor |
|  Simplify MBS ETFMTBA | $50.58 | -0.04 | -0.09% | $1.66B | Investment grade | Active |
| iShares 20+ Year Treasury Bond BuyWrite Strategy ETFTLTW | $22.91 | -0.11 | -0.46% | $1.66B | Investment grade | Buy-write |
| iShares High Yield Systematic Bond ETFHYDB | $47.17 | -0.29 | -0.60% | $1.66B | High yield | Multi-factor |
|  PIMCO 25+ Year Zero Coupon U.S. Treasury Index Exchange-Traded FundZROZ | $65.52 | -0.52 | -0.78% | $1.65B | Investment grade | Vanilla |
| Franklin U.S. Equity Index ETFUSPX | $59.74 | 0.14 | +0.24% | $1.65B | Total market | Vanilla |
| Dimensional Ultrashort Fixed Income ETFDUSB | $50.59 | 0.00 | +0.01% | $1.63B | Investment grade | Active |
|  YieldMax MSTR Option Income Strategy ETFMSTY | $32.02 | 1.21 | +3.93% | $1.63B | Information technology | Buy-write |
| State Street SPDR S&P Semiconductor ETFXSD | $326.86 | 7.79 | +2.44% | $1.62B | Information technology | Equal |
| ProShares Ultra SemiconductorsUSD | $50.63 | 3.33 | +7.04% | $1.61B | Information technology | Vanilla |
| YieldMax NVDA Option Income Strategy ETFNVDY | $14.36 | 0.43 | +3.05% | $1.60B | Information technology | Buy-write |
|  FT Vest Laddered Deep Buffer ETFBUFD | $28.20 | 0.10 | +0.35% | $1.59B | Large cap | Buy-write |
| JPMorgan Equity Focus ETFJPEF | $74.54 | 0.50 | +0.68% | $1.59B | Total market | Active |
|  Invesco S&P SmallCap 600 Revenue ETFRWJ | $49.52 | -0.06 | -0.11% | $1.58B | Small cap | Fundamental |
| Invesco S&P 500 Pure Growth ETFRPG | $47.25 | 0.69 | +1.47% | $1.58B | Large cap | Growth |
|  VanEck BDC Income ETFBIZD | $14.43 | -0.14 | -1.00% | $1.58B | Financials | Vanilla |
| iShares U.S. Consumer Discretionary ETFIYC | $104.23 | -0.20 | -0.19% | $1.57B | Consumer discretionary | Vanilla |
|  Xtrackers USD High Yield BB-B ex Financials ETFBHYB | $54.64 | -0.01 | -0.01% | $1.57B | High yield | Vanilla |
| iShares U.S. Broker-Dealers & Securities Exchanges ETFIAI | $180.08 | 2.74 | +1.55% | $1.55B | Financials | Vanilla |
| Invesco BuyBack Achievers ETFPKW | $135.53 | 0.78 | +0.58% | $1.54B | Total market | Fundamental |
| State Street SPDR MSCI USA StrategicFactors ETFQUS | $174.06 | 0.90 | +0.52% | $1.53B | Total market | Multi-factor |
|  Vanguard California Tax-Exempt Bond ETFVTEC | $100.19 | 0.05 | +0.05% | $1.53B | Investment grade | Vanilla |
| Vanguard Short-Term Tax-Exempt Bond ETFVTES | $101.59 | 0.02 | +0.01% | $1.53B | Investment grade | Vanilla |
|  T. Rowe Price QM U.S. Bond ETFTAGG | $43.16 | -0.02 | -0.06% | $1.52B | Investment grade | Active |
|  Principal Exchange-Traded Funds Principal U.S. Small-Cap ETFPSC | $58.83 | 0.51 | +0.87% | $1.52B | Small cap | Active |
| Fidelity MSCI Industrials Index ETFFIDU | $82.81 | 0.66 | +0.81% | $1.52B | Industrials | Vanilla |
| PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded FundHYS | $95.12 | 0.05 | +0.05% | $1.51B | High yield | Vanilla |
| Victory Portfolios II VictoryShares Core Plus Intermediate Bond ETFUBND | $21.95 | -0.04 | -0.16% | $1.51B | Broad credit | Active |
| Vanguard S&P Small-Cap 600 Value ETFVIOV | $99.68 | -0.19 | -0.19% | $1.50B | Small cap | Value |
| Invesco S&P 500 QVM Multi-factor ETFQVML | $40.17 | 0.30 | +0.75% | $1.49B | Large cap | Multi-factor |
| State Street SPDR NYSE Technology ETFXNTK | $279.25 | 6.17 | +2.26% | $1.49B | Information technology | Equal |
| Fidelity Low Volatility Factor ETFFDLO | $66.59 | 0.03 | +0.05% | $1.48B | Large cap | Low volatility |
|  Goldman Sachs Equal Weight U.S. Large Cap Equity ETFGSEW | $85.79 | 0.58 | +0.68% | $1.48B | Large cap | Equal |
| WisdomTree U.S. Total Dividend FundDTD | $84.93 | 0.32 | +0.38% | $1.47B | Total market | Dividends |
| iShares Investment Grade Systematic Bond ETFIGEB | $45.58 | -0.28 | -0.62% | $1.46B | Investment grade | Multi-factor |
| First Trust Technology AlphaDEX FundFXL | $170.94 | 3.21 | +1.91% | $1.44B | Information technology | Multi-factor |
| Invesco S&P 500 Pure Value ETFRPV | $103.78 | 0.38 | +0.37% | $1.44B | Large cap | Value |
|  AB Ultra Short Income ETFYEAR | $50.63 | 0.02 | +0.03% | $1.44B | Investment grade | Active |
|  Aptus Defined Risk ETFDRSK | $28.74 | -0.05 | -0.17% | $1.43B | Target outcome | Active |
| Global X Russell 2000 ETFRSSL | $98.71 | 0.60 | +0.61% | $1.43B | Small cap | Vanilla |
| Invesco BulletShares 2031 Corporate Bond ETFBSCV | $16.73 | -0.02 | -0.15% | $1.42B | Investment grade | Bullet maturity |
| iShares MSCI USA Equal Weighted ETFEUSA | $103.84 | 0.49 | +0.47% | $1.42B | Total market | Equal |
| Invesco Large Cap Growth ETFPWB | $127.95 | 2.73 | +2.18% | $1.42B | Large cap | Growth |
| First Trust Limited Duration Investment Grade Corporate ETFFSIG | $19.16 | 0.00 | -0.03% | $1.42B | Investment grade | Active |
|  iShares U.S. Carbon Transition Readiness Aware Active ETFLCTU | $74.05 | 0.57 | +0.78% | $1.42B | Theme | Active |
| State Street SPDR S&P Bank ETFKBE | $62.61 | -0.15 | -0.23% | $1.41B | Financials | Equal |
| Vanguard Total Corporate Bond ETFVTC | $77.56 | -0.14 | -0.18% | $1.41B | Investment grade | Vanilla |
|  Virtus Reaves Utilities ETFUTES | $78.64 | -0.94 | -1.17% | $1.40B | Utilities | Active |
| BlackRock ETF Trust II iShares AAA CLO Active ETFCLOA | $51.63 | -0.21 | -0.41% | $1.39B | Investment grade | Active |
| Dimensional US Real Estate ETFDFAR | $22.72 | -0.10 | -0.45% | $1.39B | Real estate | Active |
| iShares Morningstar Mid-Cap ETFIMCB | $83.09 | 0.42 | +0.51% | $1.38B | Mid cap | Fundamental |
| First Trust Large Cap Core AlphaDEX FundFEX | $119.00 | 1.03 | +0.87% | $1.38B | Large cap | Multi-factor |
|  Pacer Metaurus US Large Cap Dividend Multiplier 400 ETFQDPL | $42.49 | -0.04 | -0.08% | $1.38B | Large cap | Dividends |
| WisdomTree Voya Yield Enhanced USD Universal Bond FundUNIY | $49.23 | -0.05 | -0.10% | $1.38B | Broad credit | Multi-factor |
| First Trust NYSE Arca Biotechnology Index FundFBT | $212.69 | 6.69 | +3.25% | $1.37B | Health care | Equal |
| Vanguard S&P Mid-Cap 400 Growth ETFIVOG | $122.49 | 1.14 | +0.94% | $1.37B | Mid cap | Growth |
| WisdomTree U.S. LargeCap FundEPS | $70.81 | 0.58 | +0.82% | $1.37B | Large cap | Fundamental |
| Invesco Variable Rate Investment Grade ETFVRIG | $25.14 | 0.00 | -0.02% | $1.37B | Investment grade | Active |
| iShares iBonds Dec 2032 Term Corporate ETFIBDX | $25.48 | -0.14 | -0.57% | $1.36B | Investment grade | Bullet maturity |
| PIMCO Investment Grade Corporate Bond Index Exchange-Traded FundCORP | $98.14 | -0.11 | -0.12% | $1.36B | Investment grade | Vanilla |
|  Janus Henderson Securitized Income ETFJSI | $52.34 | -0.01 | -0.01% | $1.35B | Broad credit | Active |
| First Trust Nasdaq Semiconductor ETFFTXL | $129.05 | 3.93 | +3.14% | $1.34B | Information technology | Multi-factor |
| Fidelity MSCI Consumer Staples Index ETFFSTA | $49.64 | -0.51 | -1.02% | $1.31B | Consumer staples | Vanilla |
| Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Momentum ETFPDP | $118.18 | 2.92 | +2.54% | $1.31B | Total market | Momentum |
| WisdomTree U.S. High Dividend FundDHS | $102.13 | -0.34 | -0.33% | $1.31B | High dividend yield | Dividends |
| iShares Short Maturity Municipal Bond Active ETFMEAR | $50.27 | -0.07 | -0.14% | $1.30B | Investment grade | Active |
