# Merrill Lynch Professional Clearing: ETF AP

> Merrill Lynch Professional Clearing Corp. was an authorized participant (AP) for 1,421 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026.

Data as of Sep 23, 2026. Rebuilt every trading night.

As of Sep 23, 2026 . From each ETF’s latest Form N-CEN.

## Merrill Lynch Professional Clearing Corp.

Merrill Lynch Professional Clearing Corp. was an authorized participant (AP) for 1,421 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026. It created $818.8bn and redeemed $720.0bn of their shares. It was active in 1,104 of them.

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| # | Ticker | Fund | Category | Created | Redeemed | Created and redeemed | Share of the fund’s AP dollars | Active APs in the fund | Period ending |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | SPY | SPDR S&P 500 ETF Trust | U.S. stocks | $348.0bn | $460.2bn | $808.2bn | 38.5% | 26 | Dec 31, 2025 |
| 2 | VOO | Vanguard S&P 500 ETF | U.S. stocks | $99.0bn | $34.3bn | $133.2bn | 21.9% | 21 | Dec 31, 2025 |
| 3 | SPYM | State Street SPDR Portfolio S&P 500 ETF | U.S. stocks | $26.1bn | $5.1bn | $31.2bn | 24.8% | 18 | Jun 30, 2026 |
| 4 | SMH | VanEck Semiconductor ETF | Themes | $11.4bn | $11.0bn | $22.4bn | 32.0% | 17 | Sep 30, 2025 |
| 5 | DIA | SPDR Dow Jones Industrial Average ETF Trust | U.S. stocks | $10.0bn | $11.7bn | $21.7bn | 15.9% | 15 | Dec 31, 2025 |
| 6 | VTI | Vanguard Morningstar Total Stock Market ETF | U.S. stocks | $14.6bn | $6.2bn | $20.9bn | 26.7% | 15 | Dec 31, 2025 |
| 7 | VTV | Vanguard Morningstar Value ETF | U.S. stocks | $13.4bn | $6.6bn | $20.0bn | 39.9% | 13 | Dec 31, 2025 |
| 8 | XLF | State Street Financial Select Sector SPDR ETF | Sector stocks | $10.2bn | $8.4bn | $18.7bn | 14.1% | 21 | Sep 30, 2025 |
| 9 | BIL | SPDR Bloomberg 1-3 Month T-Bill ETF | Bonds | $9.4bn | $6.5bn | $15.9bn | 34.8% | 7 | Jun 30, 2026 |
| 10 | XLV | State Street Health Care Select Sector SPDR ETF | Sector stocks | $6.2bn | $8.2bn | $14.4bn | 24.5% | 23 | Sep 30, 2025 |
| 11 | VUG | Vanguard Morningstar Growth ETF | U.S. stocks | $9.4bn | $3.2bn | $12.7bn | 16.1% | 14 | Dec 31, 2025 |
| 12 | XLK | State Street Technology Select Sector SPDR ETF | Sector stocks | $7.3bn | $4.7bn | $12.0bn | 26.2% | 18 | Sep 30, 2025 |
| 13 | SPYG | State Street SPDR Portfolio S&P 500 Growth ETF | U.S. stocks | $6.9bn | $4.0bn | $10.9bn | 57.2% | 12 | Jun 30, 2026 |
| 14 | XLE | State Street Energy Select Sector SPDR ETF | Sector stocks | $4.5bn | $6.2bn | $10.7bn | 23.4% | 21 | Sep 30, 2025 |
| 15 | XBI | State Street SPDR S&P Biotech ETF | Themes | $5.6bn | $5.0bn | $10.6bn | 17.6% | 19 | Jun 30, 2026 |
| 16 | JEPQ | JPMorgan Nasdaq Equity Premium Income ETF | Income | $6.5bn | $3.5bn | $10.1bn | 53.0% | 6 | Jun 30, 2026 |
| 17 | XLI | State Street Industrial Select Sector SPDR ETF | Sector stocks | $5.8bn | $4.2bn | $10.0bn | 18.7% | 23 | Sep 30, 2025 |
| 18 | XLP | State Street Consumer Staples Select Sector SPDR ETF | Sector stocks | $4.5bn | $4.4bn | $8.9bn | 20.3% | 23 | Sep 30, 2025 |
| 19 | VYM | Vanguard High Dividend Yield ETF | U.S. stocks | $4.6bn | $4.2bn | $8.9bn | 57.5% | 10 | Oct 31, 2025 |
| 20 | XLY | State Street Consumer Discretionary Select Sector SPDR ETF | Sector stocks | $4.7bn | $3.5bn | $8.2bn | 21.8% | 16 | Sep 30, 2025 |
| 21 | VFLO | VictoryShares Free Cash Flow ETF | U.S. stocks | $4.3bn | $3.6bn | $7.9bn | 59.2% | 7 | Jun 30, 2026 |
| 22 | KRE | State Street SPDR S&P Regional Banking ETF | Sector stocks | $4.0bn | $3.6bn | $7.6bn | 13.9% | 17 | Jun 30, 2026 |
| 23 | VCIT | Vanguard Intermediate-Term Corporate Bond ETF | Bonds | $4.5bn | $2.4bn | $6.9bn | 14.3% | 11 | Aug 31, 2025 |
| 24 | VCLT | Vanguard Long-Term Corporate Bond ETF | Bonds | $2.2bn | $4.2bn | $6.4bn | 21.0% | 9 | Aug 31, 2025 |
| 25 | JEPI | JPMorgan Equity Premium Income ETF | Income | $3.9bn | $2.4bn | $6.3bn | 56.6% | 6 | Jun 30, 2026 |
| 26 | VGIT | Vanguard Intermediate-Term Treasury ETF | Bonds | $4.3bn | $1.9bn | $6.2bn | 43.6% | 7 | Aug 31, 2025 |
| 27 | VGSH | Vanguard Short-Term Treasury ETF | Bonds | $3.9bn | $2.0bn | $5.9bn | 46.6% | 7 | Aug 31, 2025 |
| 28 | XLC | State Street Communication Services Select Sector SPDR ETF | Sector stocks | $3.6bn | $2.3bn | $5.8bn | 16.5% | 18 | Sep 30, 2025 |
| 29 | VO | Vanguard Morningstar Mid-Cap ETF | U.S. stocks | $4.2bn | $1.6bn | $5.8bn | 11.9% | 14 | Dec 31, 2025 |
| 30 | XLU | State Street Utilities Select Sector SPDR ETF | Sector stocks | $3.1bn | $2.7bn | $5.8bn | 20.2% | 22 | Sep 30, 2025 |
| 31 | VB | Vanguard Morningstar Small-Cap ETF | U.S. stocks | $2.4bn | $2.4bn | $4.8bn | 19.3% | 14 | Dec 31, 2025 |
| 32 | BSV | Vanguard Short-Term Bond ETF | Bonds | $4.1bn | $478m | $4.5bn | 27.8% | 4 | Dec 31, 2025 |
| 33 | VGT | Vanguard Information Tech ETF | Sector stocks | $3.4bn | $994m | $4.4bn | 16.3% | 15 | Aug 31, 2025 |
| 34 | JAVA | JPMorgan Active Value ETF | U.S. stocks | $2.6bn | $1.8bn | $4.3bn | 56.8% | 7 | Jun 30, 2026 |
| 35 | VV | Vanguard Morningstar Large-Cap ETF | U.S. stocks | $2.5bn | $1.8bn | $4.3bn | 59.2% | 11 | Dec 31, 2025 |
| 36 | VGLT | Vanguard Long-Term Treasury ETF | Bonds | $1.4bn | $2.8bn | $4.2bn | 46.5% | 8 | Aug 31, 2025 |
| 37 | XLB | State Street Materials Select Sector SPDR ETF | Sector stocks | $1.9bn | $2.0bn | $4.0bn | 20.6% | 20 | Sep 30, 2025 |
| 38 | CGDV | Capital Group Dividend Value ETF | U.S. stocks | $2.4bn | $1.5bn | $3.9bn | 12.5% | 11 | May 31, 2026 |
| 39 | XRT | State Street SPDR S&P Retail ETF | Sector stocks | $1.6bn | $2.1bn | $3.7bn | 14.8% | 19 | Jun 30, 2026 |
| 40 | VTEB | Vanguard Tax-Exempt Bond ETF | Bonds | $3.0bn | $676m | $3.6bn | 19.1% | 10 | Oct 31, 2025 |
| 41 | COWZ | Pacer US Cash Cows 100 ETF | U.S. stocks | $532m | $3.1bn | $3.6bn | 31.7% | 11 | Apr 30, 2026 |
| 42 | BNDX | Vanguard Total International Bond ETF | Bonds | $3.4bn | $36.7m | $3.5bn | 31.0% | 5 | Oct 31, 2025 |
| 43 | VOT | Vanguard Morningstar Mid-Cap Growth ETF | U.S. stocks | $1.9bn | $1.5bn | $3.4bn | 33.9% | 12 | Dec 31, 2025 |
| 44 | SCHD | Schwab U.S. Dividend Equity ETF | U.S. stocks | $3.0bn | $355m | $3.3bn | 9.3% | 12 | Aug 31, 2025 |
| 45 | SCHP | Schwab U.S. TIPS ETF | Bonds | $1.8bn | $1.5bn | $3.3bn | 46.2% | 5 | Dec 31, 2025 |
| 46 | XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | Sector stocks | $975m | $2.2bn | $3.1bn | 13.7% | 16 | Jun 30, 2026 |
| 47 | JGRO | JPMorgan Active Growth ETF | U.S. stocks | $2.3bn | $785m | $3.0bn | 52.9% | 8 | Jun 30, 2026 |
| 48 | VTIP | Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares | Bonds | $2.1bn | $886m | $3.0bn | 45.9% | 8 | Sep 30, 2025 |
| 49 | SPYV | State Street SPDR Portfolio S&P 500 Value ETF | U.S. stocks | $2.5bn | $471m | $2.9bn | 13.2% | 13 | Jun 30, 2026 |
| 50 | SPIB | State Street SPDR Portfolio Intermediate Term Corporate Bond ETF | Bonds | $1.4bn | $1.5bn | $2.9bn | 5.7% | 12 | Jun 30, 2026 |
| 51 | XME | State Street SPDR S&P Metals & Mining ETF | Themes | $1.7bn | $1.1bn | $2.8bn | 25.6% | 15 | Jun 30, 2026 |
| 52 | SCHX | Schwab U.S. Large-Cap ETF | U.S. stocks | $1.9bn | $811m | $2.7bn | 25.6% | 12 | Aug 31, 2025 |
| 53 | VXF | Vanguard Extended Market ETF | U.S. stocks | $1.4bn | $1.2bn | $2.7bn | 9.4% | 16 | Dec 31, 2025 |
| 54 | SPTL | State Street SPDR Portfolio Long Term Treasury ETF | Bonds | $1.3bn | $1.4bn | $2.6bn | 28.1% | 6 | Jun 30, 2026 |
| 55 | MSTY | YieldMax MSTR Option Income Strategy ETF | Income | $1.8bn | $725m | $2.5bn | 27.5% | 7 | Oct 31, 2025 |
| 56 | VONG | Vanguard Russell 1000 Growth ETF | U.S. stocks | $2.1bn | $285m | $2.4bn | 19.0% | 12 | Aug 31, 2025 |
| 57 | XHB | State Street SPDR S&P Homebuilders ETF | Sector stocks | $1.2bn | $1.2bn | $2.4bn | 22.4% | 15 | Jun 30, 2026 |
| 58 | BIV | Vanguard Intermediate-Term Bond ETF | Bonds | $2.1bn | $269m | $2.4bn | 31.2% | 4 | Dec 31, 2025 |
| 59 | MAGS | Roundhill Magnificent Seven ETF | U.S. stocks | $961m | $1.4bn | $2.3bn | 31.3% | 7 | Dec 31, 2025 |
| 60 | VONV | Vanguard Russell 1000 Value ETF | U.S. stocks | $1.7bn | $584m | $2.3bn | 32.0% | 11 | Aug 31, 2025 |
| 61 | VCSH | Vanguard Short-Term Corporate Bond ETF | Bonds | $1.3bn | $959m | $2.2bn | 7.0% | 10 | Aug 31, 2025 |
| 62 | BILZ | PIMCO Ultra Short Government Active Exchange-Traded Fund | Bonds | $1.1bn | $1.0bn | $2.1bn | 61.7% | 5 | Jun 30, 2026 |
| 63 | VIG | Vanguard Div Appreciation ETF | U.S. stocks | $1.5bn | $597m | $2.1bn | 11.4% | 12 | Jan 31, 2026 |
| 64 | SCHG | Schwab U.S. Large-Cap Growth ETF | U.S. stocks | $1.9bn | $228m | $2.1bn | 18.2% | 9 | Aug 31, 2025 |
| 65 | SCHO | Schwab Short-Term U.S. Treasury ETF | Bonds | $1.8bn | $282m | $2.1bn | 13.9% | 7 | Dec 31, 2025 |
| 66 | DSTL | Distillate U.S. Fundamental Stability & Value ETF | U.S. stocks | $1.1bn | $892m | $2.0bn | 88.7% | 4 | Sep 30, 2024 |
| 67 | HELO | JPMorgan Hedged Equity Laddered Overlay ETF | Alternatives | $1.4bn | $587m | $2.0bn | 65.2% | 4 | Oct 31, 2025 |
| 68 | SDY | State Street SPDR S&P Dividend ETF | U.S. stocks | $905m | $1.1bn | $2.0bn | 55.4% | 10 | Jun 30, 2026 |
| 69 | CGMM | Capital Group U.S. Small and Mid Cap ETF | U.S. stocks | $1.7bn | $311m | $2.0bn | 58.6% | 14 | May 31, 2026 |
| 70 | BITX | 2x Bitcoin ETF | Leverage | $882m | $1.0bn | $1.9bn | 37.8% | 6 | Feb 28, 2026 |
| 71 | VTWO | Vanguard Russell 2000 ETF | U.S. stocks | $1.2bn | $567m | $1.7bn | 17.8% | 14 | Aug 31, 2025 |
| 72 | SPTI | State Street SPDR Portfolio Intermediate Term Treasury ETF | Bonds | $1.2bn | $469m | $1.7bn | 37.8% | 6 | Jun 30, 2026 |
| 73 | SPSM | State Street SPDR Portfolio S&P 600 Small Cap ETF | U.S. stocks | $1.0bn | $598m | $1.6bn | 27.8% | 11 | Jun 30, 2026 |
| 74 | MSTX | Defiance Daily Target 2X Long MSTR ETF | Leverage | $518m | $1.1bn | $1.6bn | 39.0% | 8 | Apr 30, 2026 |
| 75 | VBIL | Vanguard 0-3 Month Treasury Bill ETF | Bonds | $1.4bn | $187m | $1.6bn | 28.2% | 5 | Dec 31, 2025 |
| 76 | JQUA | JPMorgan U.S. Quality Factor ETF | U.S. stocks | $1.2bn | $415m | $1.6bn | 27.0% | 7 | Oct 31, 2025 |
| 77 | SPSB | State Street SPDR Portfolio Short Term Corporate Bond ETF | Bonds | $975m | $584m | $1.6bn | 15.5% | 11 | Jun 30, 2026 |
| 78 | BND | Vanguard Total Bond Market ETF | Bonds | $992m | $542m | $1.5bn | 5.0% | 5 | Dec 31, 2025 |
| 79 | SPAB | State Street SPDR Portfolio Aggregate Bond ETF | Bonds | $1.1bn | $410m | $1.5bn | 26.3% | 4 | Jun 30, 2026 |
| 80 | JTEK | JPMorgan U.S. Tech Leaders ETF | U.S. stocks | $1.1bn | $325m | $1.5bn | 45.6% | 8 | Jun 30, 2026 |
| 81 | MGK | Vanguard Morningstar Mega Cap Growth ETF | U.S. stocks | $929m | $505m | $1.4bn | 12.8% | 12 | Sep 30, 2025 |
| 82 | ULTY | YieldMax Ultra Option Income Strategy ETF | Income | $1.1bn | $326m | $1.4bn | 27.3% | 5 | Oct 31, 2025 |
| 83 | DFUS | Dimensional U.S. Equity Market ETF | U.S. stocks | $1.2bn | $141m | $1.4bn | 26.3% | 10 | Oct 31, 2025 |
| 84 | VUSB | Vanguard Ultra-Short Bond ETF | Bonds | $1.1bn | $300m | $1.4bn | 37.7% | 7 | Dec 31, 2025 |
| 85 | VBR | Vanguard Morningstar Small-Cap Value ETF | U.S. stocks | $521m | $818m | $1.3bn | 9.7% | 13 | Dec 31, 2025 |
| 86 | XLRE | State Street Real Estate Select Sector SPDR ETF | Sector stocks | $845m | $472m | $1.3bn | 15.9% | 18 | Sep 30, 2025 |
| 87 | CGGR | Capital Group Growth ETF | U.S. stocks | $1.0bn | $244m | $1.2bn | 8.8% | 13 | May 31, 2026 |
| 88 | DFAU | Dimensional US Core Equity Market ETF | U.S. stocks | $1.2bn | $79.0m | $1.2bn | 48.4% | 9 | Oct 31, 2025 |
| 89 | QLTY | GMO U.S. Quality ETF | U.S. stocks | $930m | $293m | $1.2bn | 61.8% | 6 | Feb 28, 2026 |
| 90 | SCHR | Schwab Intermediate-Term U.S. Treasury ETF | Bonds | $913m | $294m | $1.2bn | 13.3% | 7 | Dec 31, 2025 |
| 91 | BUYW | Main BuyWrite ETF | Income | $694m | $513m | $1.2bn | 70.5% | 4 | Oct 31, 2025 |
| 92 | VOOG | Vanguard S&P 500 Growth ETF | U.S. stocks | $1.1bn | $116m | $1.2bn | 12.4% | 10 | Aug 31, 2025 |
| 93 | YBTC | Roundhill Bitcoin Covered Call Strategy ETF | Income | $596m | $590m | $1.2bn | 77.7% | 3 | Dec 31, 2025 |
| 94 | DBMF | iMGP DBi Managed Futures Strategy ETF | Alternatives | $696m | $455m | $1.2bn | 61.4% | 3 | Dec 31, 2025 |
| 95 | MINT | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | Bonds | $1.0bn | $127m | $1.1bn | 25.5% | 6 | Jun 30, 2026 |
| 96 | RGTX | Defiance Daily Target 2X Long RGTI ETF | Leverage | $515m | $574m | $1.1bn | 46.8% | 7 | Apr 30, 2026 |
| 97 | IONX | Defiance Daily Target 2X Long IONQ ETF | Leverage | $608m | $477m | $1.1bn | 41.9% | 5 | Apr 30, 2026 |
| 98 | SCMB | Schwab Municipal Bond ETF | Bonds | $1.1bn | $0 | $1.1bn | 46.9% | 8 | Dec 31, 2025 |
| 99 | OKLL | Defiance Daily Target 2X Long OKLO ETF | Leverage | $566m | $493m | $1.1bn | 39.9% | 6 | Apr 30, 2026 |
| 100 | VNQ | Vanguard Real Estate ETF | Sector stocks | $380m | $655m | $1.0bn | 9.6% | 15 | Jan 31, 2026 |

### ETFs where Merrill Lynch Professional Clearing was the only active AP

In 15 ETFs, Merrill Lynch Professional Clearing Corp. was the one AP that created or redeemed shares in the period.

| # | Ticker | Fund | Created | Redeemed | APs listed | Period ending |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | NUGO | Nuveen Growth Opportunities ETF | $152m | $659m | 16 | Oct 31, 2025 |
| 2 | RONB | Baron First Principles ETF | $71.3m | $0 | 4 | Dec 31, 2025 |
| 3 | NUMI | Nuveen Municipal Income ETF | $24.2m | $0 | 17 | Mar 31, 2026 |
| 4 | SRHR | SRH REIT Covered Call ETF | $8.7m | $8.6m | 1 | Oct 31, 2025 |
| 5 | BCSM | Baron SMID Cap ETF | $16.1m | $0 | 4 | Dec 31, 2025 |
| 6 | GYLD | Arrow Dow Jones Global Yield ETF | $8.8m | $4.0m | 11 | Jan 31, 2026 |
| 7 | SCLZ | Swan Enhanced Dividend Income ETF | $8.1m | $2.7m | 5 | Jun 30, 2026 |
| 8 | QSIX | Pacer Metaurus Nasdaq 100 Dividend Multiplier 600 ETF | $5.5m | $0 | 1 | Oct 31, 2025 |
| 9 | ARCM | Arrow Reserve Capital Management ETF | $5.0m | $0 | 8 | Jan 31, 2026 |
| 10 | MCDS | JPMorgan Fundamental Data Science Mid Core ETF | $2.5m | $2.5m | 23 | Jun 30, 2026 |
| 11 | MYMH | State Street My2028 Municipal Bond ETF | $5.0m | $0 | 40 | Aug 31, 2025 |
| 12 | REGS | Columbia Large Cap Growth ETF | $0 | $1.9m | 15 | Mar 31, 2026 |
| 13 | MBND | State Street Nuveen Municipal Bond ETF | $0 | $1.4m | 40 | Jun 30, 2026 |
| 14 | DDTN | Innovator Equity Dual Directional 10 Buffer ETF - Nov | $948k | $0 | 1 | Oct 31, 2025 |
| 15 | ODHY | Obra Defensive High Yield ETF | $100k | $0 | 1 | Mar 31, 2026 |

### Merrill Lynch Professional Clearing by category

The ETFs Merrill Lynch Professional Clearing Corp. serves, by the category each is placed in, with what it created and redeemed in each.

| # | Category | Share of its dollars | ETFs served | Active in | Created | Redeemed | Only active AP in |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | U.S. stocks | 77.2% | 334 | 306 | $607.9bn | $580.7bn | 5 |
| 2 | International stocks | 0.5% | 205 | 81 | $6.8bn | $94.7m | 0 |
| 3 | Sector stocks | 8.6% | 72 | 67 | $69.1bn | $63.2bn | 1 |
| 4 | Bonds | 7.4% | 331 | 208 | $77.0bn | $36.6bn | 5 |
| 5 | Commodities | 0.1% | 9 | 7 | $1.5bn | $674m | 0 |
| 6 | Allocation | 0.1% | 22 | 21 | $847m | $481m | 1 |
| 7 | Buffer | 0.5% | 145 | 145 | $6.8bn | $1.1bn | 1 |
| 8 | Income | 1.9% | 132 | 126 | $19.1bn | $10.5bn | 2 |
| 9 | Themes | 2.5% | 70 | 47 | $20.5bn | $18.0bn | 0 |
| 10 | Leverage | 0.9% | 71 | 71 | $6.3bn | $7.5bn | 0 |
| 11 | Crypto | 0.0% | 2 | 1 | $1.4m | $602k | 0 |
| 12 | Alternatives | 0.3% | 28 | 24 | $2.8bn | $1.3bn | 0 |

### Questions people ask

Is Merrill Lynch Professional Clearing an ETF authorized participant (AP)? Yes. Merrill Lynch Professional Clearing Corp. is listed as an AP for 1,421 US ETFs in Form N-CEN periods ending Jul 31, 2024 to Jun 30, 2026, and created or redeemed shares in 1,104 of them. Which ETFs does Merrill Lynch Professional Clearing create and redeem the most? By dollars created and redeemed: SPY, $808.2bn; VOO, $133.2bn; SPYM, $31.2bn; SMH, $22.4bn; DIA, $21.7bn. How much of an ETF’s AP activity does Merrill Lynch Professional Clearing handle? Across the 1,104 funds it was active in, its share of each fund’s AP dollars ran from 0.2% to 100.0%. It was the only active AP in 15 ETFs. Where do these figures come from? From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by Merrill Lynch Professional Clearing’s CRD, SEC file number and LEI, never by the name as typed.

### Method

Merrill Lynch Professional Clearing Corp. is identified by CRD 16139, SEC file number 8-33359, LEI 549300PMHS66E71I2D34. Its SEC file number is not on the SEC’s list of active broker-dealers dated Oct 1, 2026. Funds filed its name 11 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there. A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.

### Where to next

### Where these figures came from

ETFIQ links to the documents behind every figure; a link is not an endorsement.

A list of firms is not a rating or a recommendation. ETFIQ is an independent publisher, not an adviser. Standards and sources

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Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.
Cite: ETFIQ, Merrill Lynch Professional Clearing Corp. as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/merrill-lynch-professional-clearing/
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