Weekly Channel Summary
The Specialty Fixed Income channel, comprising 157 ETFs from 13 issuers, holds a total of $73.87 billion in assets under management. The segment continued its asset-gathering streak, attracting $189 million in net inflows over the past week. This brings year-to-date net creations to a robust $10.27 billion. Over the last twelve months, investors have allocated nearly $21 billion to the channel.
This Week’s Performance Leaders and Laggards
Interest Rate Volatility funds led performance in the Specialty Fixed Income channel this week, posting a gain of 0.69%. This category has also performed well year-to-date, returning 1.95%. In contrast, Maturing Ladder strategies were the week’s laggards, declining by a slight 0.07%. The largest category, Defined Maturity, edged up 0.04% for the week and has gained 1.21% since the start of the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Specialty – Interest Rate Volatility | 0.69% | 2.90% | 1.51% | 4.08% | 1.95% | -0.05% |
| Specialty – Defined Maturity | 0.04% | 0.31% | 0.65% | 0.43% | 1.21% | 3.35% |
| Specialty – Maturing Ladder | -0.07% | -0.30% | -0.35% | -1.22% | 0.11% | 1.01% |
Top & Bottom 5 ETFs by Weekly Performance
The Simplify Interest Rate Hedge ETF (PFIX) was the standout performer this week, surging 3.08% and significantly outpacing its peers. On the other end of the spectrum, the Simplify Bond Bull ETF (RFIX) experienced the steepest decline, falling 4.13%. Other top performers included the FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR), which gained 0.44%. Long-duration treasury bond ETFs were among the notable underperformers for the week.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | 3.08% |
| RISR | FolioBeyond Alternative Income and Interest Rate Hedge ETF | 0.44% |
| RINF | ProShares Inflation Expectations ETF | 0.39% |
| BSJY | Invesco BulletShares 2034 High Yield Corporate Bond ETF | 0.37% |
| BSMU | Invesco BulletShares 2030 Municipal Bond ETF | 0.35% |
| Bottom Performers | ||
| RFIX | Simplify Bond Bull ETF | -4.13% |
| IBGM | iShares iBonds Dec 2056 Term Treasury ETF | -0.88% |
| IBGL | iShares iBonds Dec 2055 Term Treasury ETF | -0.86% |
| IBGK | iShares iBonds Dec 2054 Term Treasury ETF | -0.83% |
| LFDR | LifeX Durable Income ETF | -0.68% |
Analyzing the Weekly Flows
The Specialty Fixed Income channel recorded net inflows of $189 million for the week, driven almost entirely by the Defined Maturity category which pulled in $190 million. By segment, Corporate bond ETFs were the most popular, attracting $131 million in new assets. A notable rotation occurred across maturities, as investors redeemed $144 million from funds maturing in 2026. These assets appeared to move further out the curve, with funds maturing in 2029 seeing the largest weekly inflows.
Flows by Category
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty – Defined Maturity | 129 | $72.86B | $190M | $1,201M | $3,547M | $10,316M | $21,014M |
| Specialty – Interest Rate Volatility | 8 | $878M | $9M | -$20M | $8M | -$67M | $86M |
| Specialty – Maturing Ladder | 20 | $137M | -$10M | -$11M | -$2M | $16M | -$125M |
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Corporate | 64 | $55.49B | $131M | $662M | $2,269M | $7,022M | $14,776M |
| Government | 63 | $13.18B | $32M | $408M | $1,026M | $2,366M | $4,496M |
| Municipal | 30 | $5.21B | $26M | $99M | $259M | $877M | $1,704M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: 2026 | 10 | $11.58B | -$144M | -$559M | -$1,217M | -$2,035M | -$845M |
| Duration: 2027 | 13 | $13.41B | $48M | $219M | $467M | $1,392M | $2,812M |
| Duration: 2028 | 14 | $12.76B | $15M | $321M | $1,031M | $2,769M | $4,567M |
| Duration: 2029 | 13 | $10.48B | $61M | $289M | $930M | $2,081M | $3,755M |
| Duration: 2030 | 17 | $8.41B | $51M | $320M | $845M | $1,954M | $3,644M |
| Duration: 2031 | 13 | $5.70B | $46M | $221M | $631M | $1,361M | $2,277M |
| Duration: 2032 | 11 | $4.26B | $20M | $131M | $325M | $837M | $1,600M |
| Duration: 2033 | 11 | $2.90B | $52M | $67M | $160M | $548M | $983M |
| Duration: 2034 | 10 | $1.99B | $16M | $44M | $100M | $609M | $1,078M |
| Duration: 2035 | 13 | $1.11B | $17M | $48M | $122M | $589M | $749M |
| Duration: 2036 | 5 | $164M | $6M | $39M | $83M | $144M | $144M |
| Duration: 2044 | 1 | $103M | $0M | $4M | $13M | $22M | $38M |
| Duration: 2045 | 3 | $20M | $0M | $0M | $0M | $0M | $4M |
| Duration: 2046 | 1 | $28M | $0M | $18M | $24M | $27M | $27M |
| Duration: 2050 | 2 | $8M | $0M | $0M | $0M | $0M | $4M |
| Duration: 2054 | 1 | $6M | $0M | $0M | $2M | $2M | $4M |
| Duration: 2055 | 5 | $20M | -$4M | -$4M | -$6M | -$4M | $1M |
| Duration: 2056 | 1 | $41M | $1M | $37M | $37M | $40M | $40M |
| Duration: 2060 | 2 | $4M | -$4M | -$4M | -$2M | -$2M | $1M |
| Duration: 2065 | 2 | $6M | -$1M | -$1M | -$1M | -$1M | $6M |
| Duration: Long | 1 | $1M | -$0M | -$0M | -$0M | $0M | $0M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares iBonds Dec 2033 Term Corporate ETF (IBDY) led all funds in the channel, attracting $51 million in net new assets. Conversely, redemptions were concentrated in Invesco’s BulletShares suite. The Invesco BulletShares 2028 Corporate Bond ETF (BSCS) experienced the largest outflows of the week at $86 million. It was followed by the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ), which shed $65 million.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBDY | iShares iBonds Dec 2033 Term Corporate ETF | $51M |
| MYCH | State Street My2028 Corporate Bond ETF | $47M |
| IBTI | iShares iBonds Dec 2028 Term Treasury ETF | $30M |
| IBDS | iShares iBonds Dec 2027 Term Corporate ETF | $24M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $21M |
| Outflows | ||
| BSCS | Invesco BulletShares 2028 Corporate Bond ETF | -$86M |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$65M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$34M |
| IBTG | iShares iBonds Dec 2026 Term Treasury ETF | -$29M |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | -$10M |
Issuer League Table Update
The issuer landscape remains dominated by iShares and Invesco, which together command over 96% of the channel’s assets. iShares, the market leader with a 58.4% share, also led weekly asset gathering with $199 million in net inflows. In contrast, second-ranked Invesco, holding a 38.3% market share, saw the largest net redemptions, with outflows totaling $70 million for the week. State Street also had a positive week, adding $48 million in new assets.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $43.12B | 58.37% |
| Invesco | 35 | $28.29B | 38.30% |
| State Street | 21 | $1.08B | 1.46% |
| Vanguard | 10 | $360M | 0.49% |
| FolioBeyond | 1 | $319M | 0.43% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $199M |
| State Street | $48M |
| Vanguard | $12M |
| Outflows | |
| Invesco | -$70M |
| Stone Ridge | -$10M |
| KraneShares | -$3M |
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.
