iShares Leads the Charge as Taxable Bond ETFs Pull in Over $11 Billion

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Weekly Channel Summary

The FI: Taxable ETF channel currently stands at $2,262B in Total Assets Under Management (AUM), distributed across 690 ETFs from 143 unique issuers. The channel experienced positive momentum over the past week, bringing in a total of $11.08B in 5-Day flows. This recent activity adds to a robust longer-term growth trend, with Year-to-Date (YTD) flows totaling $261.05B and 1-Year flows reaching an impressive $495.98B.

Analyzing the Weekly Flows

Over the past week, the channel gathered a total net flow of $11,077M. The Fixed Income: Taxable – Government Ultrashort category led the charge, attracting $3,580M in new assets. At the broader segment level, FI: Government captured the most capital, taking in $3,944M. Across duration buckets, Ultrashort duration ETFs were the primary beneficiaries of new allocations, bringing in $5,631M in inflows, while Short duration ETFs saw the heaviest redemptions, losing -$648M.

Category Flows Summary

ETFA Category Fund Count AUM 5 Day Flow 30 Day Flow 90 Day Flow YTD Flow 1 Year Flow
Fixed Income: Taxable – Bank Loans 26 $22.5B $84M $437M $2,384M $20M -$121M
Fixed Income: Taxable – Convertible 6 $13.2B -$8M $478M $1,050M $2,827M $4,408M
Fixed Income: Taxable – Core 55 $413.3B $1,533M $9,184M $15,861M $37,263M $74,509M
Fixed Income: Taxable – Core Enhanced 59 $138.1B $936M $7,985M $14,932M $24,995M $42,893M
Fixed Income: Taxable – Corporate 45 $173.4B $1,110M $3,482M $4,308M $16,325M $29,691M
Fixed Income: Taxable – Emerging 14 $9.4B -$10M -$14M -$393M $1,012M $2,799M
Fixed Income: Taxable – Emerging USD 15 $24.7B -$298M -$40M -$2,732M -$1,337M $2,520M
Fixed Income: Taxable – Government Intermediate 18 $128.4B $589M $3,707M $11,880M $18,924M $34,356M
Fixed Income: Taxable – Government Long 21 $128.0B $61M -$3,151M -$4,657M -$4,266M $6,709M
Fixed Income: Taxable – Government Short 16 $74.9B -$380M $826M $2,894M $6,253M $10,721M
Fixed Income: Taxable – Government Ultrashort 33 $263.0B $3,580M $12,994M $29,422M $67,696M $91,711M
Fixed Income: Taxable – High Yield 85 $112.0B $181M $1,914M $3,841M $1,779M $18,090M
Fixed Income: Taxable – Inflation Protected 22 $75.9B $255M $2,744M $5,760M $7,607M $12,481M
Fixed Income: Taxable – International 8 $5.9B -$6M $88M $390M $1,318M $1,433M
Fixed Income: Taxable – International USD 8 $101.6B $26M $2,542M $5,991M $12,185M $25,466M
Fixed Income: Taxable – Long-Term 11 $20.6B $725M $855M $1,373M $2,146M $93M
Fixed Income: Taxable – Multisector 58 $64.5B $242M $1,435M $4,582M $13,981M $32,596M
Fixed Income: Taxable – Preferred Stock 27 $40.8B -$59M $377M $849M $1,352M $3,298M
Fixed Income: Taxable – Securitized 40 $96.8B $994M $2,034M $3,451M $4,867M $13,583M
Fixed Income: Taxable – Short-Term 47 $163.8B -$416M $3,369M $9,209M $17,206M $35,118M
Fixed Income: Taxable – Ultrashort 73 $190.7B $1,936M $8,339M $15,563M $28,868M $53,597M

Segment Flows Summary

Segment Fund Count AUM 5 Day Flow 30 Day Flow 90 Day Flow YTD Flow 1 Year Flow
FI: Bank Loans 46 $66.6B $413M $2,845M $6,939M $9,306M $16,464M
FI: Cat Bonds 1 $0.1B -$1M -$4M $25M $42M $68M
FI: Corporate 154 $397.7B $2,207M $8,970M $16,434M $31,043M $65,487M
FI: Government 125 $707.1B $3,944M $19,623M $44,833M $99,088M $163,958M
FI: Multi-Sector 291 $942.1B $3,539M $25,574M $52,891M $113,803M $229,197M
FI: Preferred Stock 27 $40.8B -$59M $377M $849M $1,352M $3,298M
FI: Securitized 43 $107.2B $1,034M $2,201M $3,985M $6,385M $17,480M

Duration Flows Summary

Duration Fund Count AUM 5 Day Flow 30 Day Flow 90 Day Flow YTD Flow 1 Year Flow
Duration: Ultrashort 139 $477.4B $5,631M $21,897M $47,590M $96,873M $145,483M
Duration: Short 86 $297.5B -$648M $6,728M $17,463M $31,027M $58,666M
Duration: Intermediate 402 $1,296.4B $5,363M $32,830M $63,232M $133,822M $281,519M

Top & Bottom 5 ETFs by 5-Day Flow

Leading the pack in weekly inflows was the iShares 0-3 Month Treasury Bond ETF (SGOV), driving significant capital into the government ultrashort space. Conversely, the Vanguard Short-Term Bond ETF (BSV) and the iShares Core International Aggregate Bond ETF (IAGG) experienced the heaviest redemptions, marking the top two ETFs for outflows over the 5-day period.

Ticker Fund Name 5-Day Flow
Inflows
SGOV iShares 0-3 Month Treasury Bond ETF $1,492M
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF $966M
PULS PGIM Ultra Short Bond ETF $758M
VCLT Vanguard Long-Term Corporate Bond ETF $729M
MBB iShares MBS ETF $703M
Outflows
BSV Vanguard Short-Term Bond ETF -$892M
IAGG iShares Core International Aggregate Bond ETF -$361M
EMB iShares JP Morgan USD Emerging Markets Bond ETF -$344M
HYG iShares iBoxx $ High Yield Corporate Bond ETF -$342M
VGSH Vanguard Short-Term Treasury ETF -$325M

Issuer League Table Update

iShares and Vanguard maintain their dominance atop the issuer landscape, commanding 36.40% and 26.35% of the channel’s AUM market share, respectively. iShares was also the frontrunner in weekly flows, amassing a significant $3,620M in net new assets. Conversely, Global X saw the steepest absolute decline for the week, shedding -$265M in assets.

Top 5 Issuers by AUM

Brand Fund Count AUM AUM Market Share
iShares 88 $823.32B 36.40%
Vanguard 30 $596.01B 26.35%
SPDR 37 $172.27B 7.62%
JPMorgan 19 $89.69B 3.97%
Schwab 12 $76.23B 3.37%

Top & Bottom 3 Issuers by 5-Day Flow

Brand 5-Day Flow
Inflows
iShares $3,620M
SPDR $1,557M
Vanguard $1,477M
Outflows
Global X -$265M
Roundhill -$31M
Pacer -$7M

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.