Weekly Channel Summary
The Fixed Income: Specialty channel currently manages $71.6 billion in total Assets Under Management (AUM) across 150 ETFs from 13 unique issuers. Over the past week, the category experienced positive momentum, gathering $248 million in net inflows. This activity builds on a solid longer-term trend, with year-to-date (YTD) inflows reaching $7.95 billion and 1-year flows totaling an impressive $21.62 billion.
This Week’s Performance Leaders and Laggards
The Fixed Income: Specialty – Maturing Ladder category led performance this week with a Week-to-Date (WTD) return of 0.35%, pushing its YTD return to 0.63%. The Defined Maturity category followed closely at 0.31% WTD. Conversely, the Interest Rate Volatility category lagged slightly, dropping -0.01% for the week, though it maintains a strong 1.20% YTD return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Fixed Income: Specialty – Maturing Ladder | 0.35% | 0.46% | 0.24% | 0.92% | 0.63% | 3.28% |
| Fixed Income: Specialty – Defined Maturity | 0.31% | 0.31% | 0.64% | 1.25% | 0.89% | 4.78% |
| Fixed Income: Specialty – Interest Rate Volatility | -0.01% | -0.26% | -0.88% | -0.22% | 1.20% | -2.66% |
Top & Bottom 5 ETFs by Weekly Performance
Highlighting individual funds, the IBGC (iShares iBonds Dec 2046 Term Treasury ETF) secured the top spot with a 0.83% WTD return. On the other end of the spectrum, the RFIX (Simplify Bond Bull ETF) and CPII (American Beacon Ionic Inflation Protection ETF) lagged, dropping -0.48% and -0.42%, respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| IBGC | iShares iBonds Dec 2046 Term Treasury ETF | 0.83% |
| IBGB | iShares iBonds Dec 2045 Term Treasury ETF | 0.80% |
| IBGA | iShares iBonds Dec 2044 Term Treasury ETF | 0.79% |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | 0.72% |
| ZCBG | Global X Zero Coupon Bond 2035 ETF | 0.71% |
| Bottom Performers | ||
| RFIX | Simplify Bond Bull ETF | -0.48% |
| CPII | American Beacon Ionic Inflation Protection ETF | -0.42% |
| IBMV | iShares iBonds Dec 2033 Term Muni Bond ETF | -0.11% |
| IBMW | iShares iBonds Dec 2034 Term Muni Bond ETF | -0.11% |
| IBMX | iShares iBonds Dec 2035 Term Muni Bond ETF | -0.11% |
Analyzing the Weekly Flows
The specialty channel saw $248 million in total net inflows this week. Looking at the segments, Corporate bonds led with $159 million in new money. Across duration targets, 2028 gathered the most capital ($73 million). In contrast, the 2026 duration bucket experienced the heaviest outflows, shedding -$71 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Corporate | 62 | $54.1B | $159M | $891M | $2,016M | $5,567M | $15,776M |
| FI: Government | 58 | $12.5B | $75M | $373M | $849M | $1,685M | $4,161M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Data currently unavailable for this channel | |||||||
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: 2028 | 13 | $12.1B | $73M | $389M | $969M | $2,068M | $4,213M |
| Duration: 2029 | 12 | $9.9B | $62M | $356M | $565M | $1,500M | $3,617M |
| Duration: 2030 | 16 | $7.8B | $60M | $250M | $597M | $1,343M | $3,454M |
| Duration: 2032 | 11 | $4.0B | $40M | $100M | $277M | $602M | $1,602M |
| Duration: 2027 | 12 | $13.1B | $38M | $164M | $337M | $1,102M | $3,207M |
| Duration: 2031 | 12 | $5.2B | $26M | $128M | $369M | $860M | $2,117M |
| Duration: 2035 | 13 | $1.0B | $9M | $41M | $237M | $507M | $702M |
| Duration: 2036 | 4 | $0.1B | $8M | $45M | $87M | $87M | $87M |
| Duration: 2044 | 1 | $0.1B | $4M | $7M | $11M | $16M | $36M |
| Duration: 2054 | 1 | $0.0B | $1M | $1M | $1M | $1M | $2M |
| Duration: 2045 | 3 | $0.0B | $0M | $1M | $1M | $1M | $6M |
| Duration: 2046 | 1 | $0.0B | $0M | $5M | $7M | $7M | $7M |
| Duration: 2050 | 2 | $0.0B | $0M | $0M | $0M | $0M | $4M |
| Duration: 2055 | 5 | $0.0B | $0M | $3M | $4M | $5M | $10M |
| Duration: 2056 | 1 | $0.0B | $0M | $0M | $2M | $2M | $2M |
| Duration: 2034 | 9 | $1.9B | -$1M | $37M | $265M | $543M | $1,145M |
| Duration: 2033 | 11 | $2.8B | -$20M | $121M | $238M | $453M | $1,023M |
| Duration: 2026 | 10 | $12.5B | -$71M | -$351M | -$752M | -$1,121M | $245M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the IBDT (iShares iBonds Dec 2028 Term Corporate ETF) attracted the most capital, gathering $33 million. The heaviest outflows were seen in the IBHF (iShares iBonds 2026 Term High Yield and Income ETF) and the BSCQ (Invesco BulletShares 2026 Corporate Bond ETF), which shed -$34 million and -$32 million, respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDT | iShares iBonds Dec 2028 Term Corporate ETF | $33M |
| IBHG | iShares iBonds 2027 Term High Yield and Income ETF | $31M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $28M |
| MYCH | State Street My2028 Corporate Bond ETF | $27M |
| BSCW | Invesco BulletShares 2032 Corporate Bond ETF | $21M |
| Outflows | ||
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | -$34M |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$32M |
| IBDY | iShares iBonds Dec 2033 Term Corporate ETF | -$26M |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | -$12M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$12M |
Issuer League Table Update
The Fixed Income: Specialty channel remains heavily concentrated at the top. iShares and Invesco dominate the landscape, capturing 57.96% and 38.96% of the market share, respectively. Demonstrating robust momentum, iShares was the top asset gatherer for the week, taking in $141 million in net flows. Conversely, Quadratic experienced the largest outflow among top issuers, shedding -$6 million over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $41.52B | 57.96% |
| Invesco | 28 | $27.91B | 38.96% |
| State Street | 21 | $0.88B | 1.23% |
| Quadratic | 1 | $0.31B | 0.43% |
| Simplify | 2 | $0.29B | 0.40% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $141M |
| Invesco | $45M |
| State Street | $27M |
| Outflows | |
| Quadratic | -$6M |
| Stone Ridge | $0M |
| American Beacon | $0M |
For a deeper dive into these trends, access our FREE, in-depth Taxable ETF reports in the right side panel of this page.
Disclosures
This material is for informational purposes only and should not be considered investment advice. All investments, including ETFs, involve risk, including the possible loss of principal. Investors should consider their investment objectives, risks, charges, and expenses carefully before investing.
This analysis was developed by the team at ETF Action. We leverage advanced AI tools to assist in the drafting and refinement of our content, based on our expert prompts, direction, and final review.
