Weekly Channel Summary
The Specialty Fixed Income channel, comprised of 157 ETFs from 13 issuers, holds a total of $72.11 billion in assets under management. The category registered net inflows of $234 million for the week, contributing to a strong year-to-date haul of $8.31 billion. Over the past year, investors have allocated a significant $21.62 billion to these specialized strategies.
Analyzing the Weekly Flows
Specialty Fixed Income ETFs saw continued demand with $234 million in net inflows this week, driven almost entirely by the Defined Maturity category which collected $241 million. Within this space, Corporate bond ETFs led the way, attracting $176 million, while Government and Municipal bond segments also saw modest inflows. A notable trend emerged in duration positioning, as funds with a 2031 maturity date gathered the most assets at $85 million, while funds maturing in 2026 experienced the largest outflows of $44 million.
Flows by Category
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty – Defined Maturity | 129 | $71.09B | $241M | $1,292M | $3,222M | $8,332M | $21,655M |
| Specialty – Interest Rate Volatility | 8 | $869M | -$1M | $23M | -$34M | -$44M | $128M |
| Specialty – Maturing Ladder | 20 | $149M | -$6M | -$1M | $13M | $25M | -$165M |
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Corporate | 64 | $54.48B | $176M | $932M | $2,086M | $5,868M | $15,780M |
| Government | 63 | $12.56B | $37M | $289M | $761M | $1,717M | $4,171M |
| Municipal | 30 | $5.07B | $22M | $94M | $353M | $728M | $1,667M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: 2026 | 10 | $12.39B | -$44M | -$325M | -$814M | -$1,253M | $115M |
| Duration: 2027 | 13 | $13.10B | -$14M | $141M | $246M | $1,071M | $3,058M |
| Duration: 2028 | 14 | $12.20B | $66M | $363M | $985M | $2,196M | $4,327M |
| Duration: 2029 | 13 | $10.00B | $61M | $366M | $585M | $1,598M | $3,650M |
| Duration: 2030 | 17 | $7.96B | $75M | $276M | $651M | $1,467M | $3,520M |
| Duration: 2031 | 13 | $5.33B | $85M | $201M | $433M | $974M | $2,199M |
| Duration: 2032 | 11 | $4.10B | $13M | $119M | $309M | $648M | $1,604M |
| Duration: 2033 | 11 | $2.85B | -$19M | $46M | $227M | $459M | $1,015M |
| Duration: 2034 | 10 | $1.95B | $4M | $30M | $252M | $553M | $1,122M |
| Duration: 2035 | 13 | $1.05B | $11M | $41M | $243M | $522M | $712M |
| Duration: 2036 | 5 | $116M | $0M | $25M | $94M | $94M | $94M |
| Duration: 2044 | 1 | $101M | $0M | $5M | $11M | $16M | $36M |
| Duration: 2045 | 3 | $21M | -$1M | $0M | $0M | $0M | $5M |
| Duration: 2046 | 1 | $9M | $0M | $5M | $7M | $7M | $7M |
| Duration: 2050 | 2 | $8M | $0M | $0M | $0M | $0M | $4M |
| Duration: 2054 | 1 | $6M | $0M | $2M | $2M | $2M | $4M |
| Duration: 2055 | 5 | $24M | -$2M | -$6M | -$2M | -$1M | $4M |
| Duration: 2056 | 1 | $4M | $0M | $0M | $2M | $2M | $2M |
| Duration: 2060 | 2 | $8M | $0M | $0M | $2M | $2M | $3M |
| Duration: 2065 | 2 | $7M | $0M | $0M | $0M | $0M | $7M |
| Duration: Long | 1 | $1M | $0M | -$0M | -$0M | $0M | $0M |
Top & Bottom 5 ETFs by 5-Day Flow
Leading the pack for weekly inflows was the iShares iBonds Dec 2031 Term Corporate ETF (IBDW), which brought in $49 million. This fund’s success highlights the broader investor shift towards the longer end of the defined maturity spectrum. In contrast, redemptions were focused on other maturities, with the iShares iBonds Dec 2027 Term Corporate ETF (IBDS) shedding $28 million and the iShares iBonds Dec 2033 Term Corporate ETF (IBDY) seeing outflows of $27 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | $49M |
| IBDV | iShares iBonds Dec 2030 Term Corporate ETF | $35M |
| IBTH | iShares iBonds Dec 2027 Term Treasury ETF | $22M |
| IBDT | iShares iBonds Dec 2028 Term Corporate ETF | $19M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $18M |
| Outflows | ||
| IBDS | iShares iBonds Dec 2027 Term Corporate ETF | -$28M |
| IBDY | iShares iBonds Dec 2033 Term Corporate ETF | -$27M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$24M |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$12M |
| IBMP | iShares iBonds Dec 2027 Term Muni Bond ETF | -$9M |
Issuer League Table Update
The issuer landscape remains highly concentrated, with iShares and Invesco commanding a combined 97% market share. iShares, the largest issuer with $41.82 billion in AUM, also led weekly fundraising by a significant margin, attracting $139 million in new assets. Invesco also posted a solid week with $89 million in inflows, while Simplify recorded the largest net outflows among issuers at $6 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $41.82B | 58.00% |
| Invesco | 35 | $28.07B | 38.93% |
| State Street | 21 | $915M | 1.27% |
| Quadratic | 1 | $281M | 0.39% |
| Vanguard | 10 | $275M | 0.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $139M |
| Invesco | $89M |
| KraneShares | $10M |
| Outflows | |
| Simplify | -$6M |
| Northern Trust | -$6M |
| Quadratic | -$5M |
For a deeper dive into these trends, access our FREE, in-depth FI: Specialty 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.
