Weekly Channel Summary
The Specialty Fixed Income channel, comprising 157 ETFs from 13 issuers, holds total assets of $72.17B. The channel attracted $173M in net inflows over the past week, contributing to a year-to-date total of $8.49B. Over the last twelve months, investors have added a substantial $21.53B to the category.
Analyzing the Weekly Flows
Specialty Fixed Income ETFs gathered a net $173M this week, driven almost entirely by the Defined Maturity category which brought in $174M. Within the space, Corporate bond ETFs led with $86M in new assets, closely followed by Government bond ETFs at $75M. A notable rotation occurred across maturities, as investors pulled $143M from funds maturing in 2026 while allocating $79M to those maturing in 2031.
Flows by Category
| Category | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Specialty – Defined Maturity | 129 | $71.14B | $174M | $1,092M | $3,154M | $8,506M | $21,560M |
| Specialty – Maturing Ladder | 20 | $149M | $1M | -$6M | $15M | $26M | -$161M |
| Specialty – Interest Rate Volatility | 8 | $872M | -$2M | $5M | -$71M | -$47M | $132M |
Flows by Segment
| Segment | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Corporate | 64 | $54.50B | $86M | $745M | $2,073M | $5,954M | $15,645M |
| Government | 63 | $12.58B | $75M | $273M | $705M | $1,792M | $4,210M |
| Municipal | 30 | $5.08B | $12M | $73M | $320M | $739M | $1,675M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day | 30 Day | 90 Day | YTD | 1 Year |
|---|---|---|---|---|---|---|---|
| Duration: 2026 | 10 | $12.21B | -$143M | -$394M | -$881M | -$1,396M | -$59M |
| Duration: 2027 | 13 | $13.12B | $42M | $87M | $262M | $1,114M | $3,021M |
| Duration: 2028 | 14 | $12.26B | $64M | $356M | $930M | $2,260M | $4,387M |
| Duration: 2029 | 13 | $10.04B | $51M | $340M | $698M | $1,649M | $3,668M |
| Duration: 2030 | 17 | $7.98B | $34M | $266M | $623M | $1,501M | $3,495M |
| Duration: 2031 | 13 | $5.41B | $79M | $235M | $490M | $1,052M | $2,253M |
| Duration: 2032 | 11 | $4.11B | $20M | $122M | $308M | $668M | $1,613M |
| Duration: 2033 | 11 | $2.84B | $3M | -$3M | $231M | $462M | $1,002M |
| Duration: 2034 | 10 | $1.96B | $10M | $21M | $181M | $563M | $1,123M |
| Duration: 2035 | 13 | $1.05B | $9M | $34M | $218M | $530M | $721M |
| Duration: 2036 | 5 | $120M | $5M | $22M | $90M | $99M | $99M |
| Duration: 2044 | 1 | $100M | $0M | $4M | $10M | $16M | $36M |
| Duration: 2045 | 3 | $21M | $0M | -$1M | $0M | $0M | $5M |
| Duration: 2046 | 1 | $9M | $0M | $0M | $6M | $7M | $7M |
| Duration: 2050 | 2 | $8M | $0M | $0M | $0M | $0M | $4M |
| Duration: 2054 | 1 | $6M | $0M | $2M | $2M | $2M | $4M |
| Duration: 2055 | 5 | $24M | $0M | -$5M | -$3M | -$1M | $5M |
| Duration: 2056 | 1 | $4M | $0M | $0M | $1M | $2M | $2M |
| Duration: 2060 | 2 | $8M | $0M | $0M | $2M | $2M | $6M |
| 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 inflows was the iShares iBonds Dec 2031 Term Treasury ETF (IBTL), which attracted $32M. On the other hand, funds with a 2026 maturity date dominated outflows. The iShares iBonds Dec 2026 Term Treasury ETF (IBTG) shed $41M, while the iShares iBonds Dec 2026 Term Corporate ETF (IBDR) saw redemptions of $40M.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBTL | iShares iBonds Dec 2031 Term Treasury ETF | $32M |
| IBTI | iShares iBonds Dec 2028 Term Treasury ETF | $24M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $23M |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | $21M |
| BNDD | Quadratic Deflation ETF | $18M |
| Outflows | ||
| IBTG | iShares iBonds Dec 2026 Term Treasury ETF | -$41M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$40M |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$23M |
| BSJQ | Invesco BulletShares 2026 High Yield Corp Bond ETF | -$23M |
| PFIX | Simplify Interest Rate Hedge ETF | -$19M |
Issuer League Table Update
The issuer landscape remains highly concentrated, with iShares controlling 58.0% of the market share and Invesco holding 38.9%. iShares also led the week in asset gathering, pulling in $141M in net new money. Simplify experienced the largest outflows among issuers, with net redemptions totaling $19M for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $41.84B | 57.98% |
| Invesco | 35 | $28.07B | 38.90% |
| State Street | 21 | $936M | 1.30% |
| Vanguard | 10 | $286M | 0.40% |
| Quadratic | 1 | $276M | 0.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $141M |
| KraneShares | $18M |
| State Street | $17M |
| Outflows | |
| Simplify | -$19M |
| Quadratic | -$5M |
| American Beacon | $0M |
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.
