Weekly Channel Summary
The Taxable Fixed Income ETF channel currently tracks $2.25 trillion in Total AUM across 691 ETFs and 144 issuers. Over the past week, the channel captured a robust $11.21 billion in net inflows, bringing Year-to-Date (YTD) total flows to an impressive $235.39 billion and pushing the 1-year flow mark to nearly $478.91 billion.
This Week’s Performance Leaders and Laggards
Convertible ETFs led the taxable fixed income market this week, returning 2.05% Week-to-Date (WTD) and elevating their standout Year-to-Date (YTD) performance to 22.27%. On the other end of the spectrum, Government Ultrashort funds lagged the broader channel, returning just 0.07% for the week while maintaining a 1.44% gain YTD.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 2.05% | 6.09% | 14.83% | 21.14% | 22.27% | 42.03% |
| Government Long | 1.41% | 0.36% | -4.43% | -2.80% | -0.71% | 3.70% |
| Long-Term | 1.32% | 1.21% | -1.75% | -0.52% | 0.61% | 7.21% |
| Emerging USD | 1.18% | 0.93% | 0.24% | 2.89% | 2.22% | 11.59% |
| International | 1.01% | 0.28% | -1.33% | 1.64% | 0.84% | 3.88% |
| Emerging | 0.97% | 0.81% | -0.24% | 3.32% | 2.12% | 10.49% |
| Corporate | 0.80% | 0.73% | -0.56% | 0.58% | 0.83% | 6.08% |
| Core Enhanced | 0.73% | 0.37% | -1.02% | 0.61% | 0.72% | 5.64% |
| Core | 0.73% | 0.33% | -1.22% | 0.30% | 0.52% | 5.16% |
| Government Intermediate | 0.67% | -0.07% | -1.94% | -0.63% | -0.33% | 3.35% |
| International USD | 0.67% | 0.96% | -0.28% | 0.99% | 1.23% | 2.86% |
| Multisector Taxable | 0.66% | 0.50% | -0.22% | 1.42% | 1.20% | 6.11% |
| Inflation Protected | 0.65% | 0.23% | 0.40% | 1.45% | 1.82% | 4.77% |
| Securitized | 0.57% | 0.27% | -0.68% | 1.34% | 1.11% | 6.25% |
| Preferred Stock | 0.55% | 0.30% | 0.53% | 2.65% | 1.89% | 8.52% |
| High Yield | 0.50% | 0.60% | 1.10% | 2.40% | 1.83% | 7.29% |
| Short-Term | 0.36% | 0.27% | -0.01% | 1.26% | 0.92% | 4.65% |
| Government Short | 0.31% | 0.08% | -0.32% | 0.71% | 0.46% | 3.42% |
| Bank Loans | 0.19% | 0.42% | 2.39% | 1.63% | 1.00% | 4.38% |
| Ultrashort | 0.12% | 0.43% | 1.04% | 2.13% | 1.69% | 4.92% |
| Government Ultrashort | 0.07% | 0.30% | 0.87% | 1.82% | 1.44% | 3.91% |
Top & Bottom 5 ETFs by Weekly Performance
Focusing on individual funds, the CRDT (Simplify Opportunistic Income ETF) was the single best-performing ETF with a 3.46% WTD return. Conversely, the TFFI (Chesapeake Trend-Following Fixed Income ETF) and PCPI (PIMCO Inflation PLUS Active ETF) were the bottom two laggards, returning -1.32% and -0.04% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CRDT | Simplify Opportunistic Income ETF | 3.46% |
| PAB | PGIM Active Aggregate Bond ETF | 2.51% |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | 2.38% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 2.28% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 2.23% |
| Bottom Performers | ||
| TFFI | Chesapeake Trend-Following Fixed Income ETF | -1.32% |
| PCPI | PIMCO Inflation PLUS Active ETF | -0.04% |
| CLOZ | Eldridge BBB-B CLO ETF | 0.00% |
| BAMU | Brookstone Ultra-Short Bond ETF | 0.02% |
| CBOX | Calamos Tax-Aware Collateral ETF | 0.02% |
Analyzing the Weekly Flows
The taxable fixed income channel generated a robust $11.21 billion in total net inflows this week. Multi-Sector strategies led the Segment category with $7.31 billion in inflows, while Investment Grade bonds dominated the Credit Type category with $7.02 billion in new assets. Intermediate duration funds led their group with $7.92 billion in inflows. Conversely, Long Duration funds experienced the largest outflows across these categories, shedding $1.38 billion for the week.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 292 | $937.7B | $7,307M | $28,129M | $54,081M | $104,192M | $227,775M |
| FI: Corporate | 156 | $395.9B | $1,690M | $6,774M | $10,265M | $25,687M | $60,947M |
| FI: Government | 122 | $704.1B | $1,121M | $13,913M | $50,773M | $91,036M | $154,921M |
| FI: Bank Loans | 45 | $65.6B | $589M | $2,912M | $4,656M | $8,058M | $15,599M |
| FI: Preferred Stock | 27 | $41.2B | $306M | $711M | $889M | $1,305M | $3,235M |
| FI: Securitized | 42 | $106.4B | $203M | $1,525M | $3,013M | $5,067M | $16,360M |
| FI: Cat Bonds | 1 | $0.1B | -$3M | $3M | $31M | $43M | $69M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 359 | $1,806.3B | $7,018M | $40,899M | $102,137M | $193,715M | $365,943M |
| Credit: Blend | 177 | $255.3B | $3,166M | $8,706M | $18,094M | $37,493M | $86,164M |
| Credit: High Yield | 147 | $189.1B | $1,026M | $4,307M | $3,400M | $4,090M | $26,601M |
| Specialty: Interest Rate Volatility | 1 | $0.1B | $1M | $34M | $36M | $36M | $36M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 401 | $1,290.0B | $7,924M | $29,021M | $56,485M | $118,345M | $274,962M |
| Duration: Ultrashort | 139 | $469.1B | $2,801M | $16,348M | $48,436M | $86,503M | $138,399M |
| Duration: Short | 86 | $297.8B | $1,860M | $7,925M | $17,524M | $29,477M | $57,103M |
| Duration: Long | 58 | $193.8B | -$1,375M | $652M | $1,221M | $1,010M | $8,281M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the IUSB (iShares Core Total USD Bond Market ETF) gathered the most weekly assets, pulling in a massive $2.33 billion. On the outflow side, the TLH (iShares 10-20 Year Treasury Bond ETF) and TLT (iShares 20+ Year Treasury Bond ETF) saw the heaviest redemptions, losing $878 million and $676 million respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IUSB | iShares Core Total USD Bond Market ETF | $2,329M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $850M |
| BNDX | Vanguard Total International Bond ETF | $665M |
| SCHO | Schwab Short-Term US Treasury ETF | $505M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $393M |
| Outflows | ||
| TLH | iShares 10-20 Year Treasury Bond ETF | -$878M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$676M |
| BINC | iShares Flexible Income Active ETF | -$521M |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | -$313M |
| VGSH | Vanguard Short-Term Treasury ETF | -$240M |
Issuer League Table Update
iShares and Vanguard continue to dominate the issuer landscape, capturing the top 2 spots by market share with 36.46% and 26.41% respectively. For the week, iShares gathered the most in new assets, adding $3.27 billion to its product suite, while Simplify saw the largest outflows with a loss of $67 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 88 | $821.01B | 36.46% |
| Vanguard | 30 | $594.84B | 26.41% |
| SPDR | 37 | $171.28B | 7.61% |
| JPMorgan | 19 | $88.26B | 3.92% |
| Schwab | 12 | $76.58B | 3.40% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $3,274M |
| Vanguard | $3,217M |
| JPMorgan | $747M |
| Outflows | |
| Simplify | -$67M |
| Invesco | -$62M |
| BondBloxx | -$61M |
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.
