Weekly Channel Summary
The FI: Specialty ETF channel maintains a significant presence in the fixed income landscape, currently commanding $69.0 billion in total assets under management across 132 ETFs and 14 issuers. Investor activity remained positive this past week, with the channel attracting $229 million in net new money. This builds upon a strong growth trajectory, as the channel has gathered $4.98 billion in year-to-date (YTD) flows and an impressive $21.64 billion over the trailing one-year period.
Analyzing the Weekly Flows
Total net flows for the channel reached $229 million this week. The Specialty Defined Maturity category dominated the activity, accounting for the entirety of the channel’s net gains with $232 million in inflows. On a segment basis, FI: Corporate was the primary driver of growth, attracting $154 million. From a duration perspective, the 2028 bucket led all others with $75 million in new capital, while the 2026 duration bucket experienced the largest liquidations, seeing outflows of $52 million.
Category Flows Summary
| ETFA Category | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Specialty Defined Maturity | 102 | $68.0B | $232M | $1,212M | $7,132M | $4,988M | $21,762M |
| Specialty – Interest Rate Volatility | 10 | $0.9B | ($3M) | ($13M) | ($65M) | ($21M) | $35M |
| Specialty – Maturing Ladder | 20 | $0.1B | $0M | $9M | $12M | $10M | ($159M) |
Segment Flows Summary
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow |
|---|---|---|---|---|---|---|
| FI: Corporate | 50 | $52.5B | $154M | $903M | $5,251M | $3,714M |
| FI: Government | 56 | $11.8B | $67M | $223M | $1,324M | $896M |
| FI: Municipal | 26 | $4.7B | $8M | $82M | $503M | $368M |
Duration Flows Summary
| Duration Year | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow |
|---|---|---|---|---|---|---|
| 2026 | 10 | $13.2B | ($52M) | ($153M) | ($80M) | ($432M) |
| 2027 | 11 | $12.9B | $42M | $222M | $1,040M | $808M |
| 2028 | 12 | $11.2B | $75M | $330M | $1,598M | $1,183M |
| 2029 | 11 | $9.4B | $32M | $222M | $1,332M | $967M |
| 2030 | 15 | $7.3B | $56M | $197M | $1,206M | $805M |
| 2031 | 11 | $4.9B | $46M | $150M | $660M | $539M |
Top & Bottom 5 ETFs by 5-Day Flow
The MYCH (State Street My2028 Corporate Bond ETF) stood out as the top gatherer of new assets this week. Conversely, the IBDR (iShares iBonds Dec 2026 Term Corporate ETF) and BSCQ (Invesco BulletShares 2026 Corporate Bond ETF) saw the most significant weekly outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| MYCH | State Street My2028 Corporate Bond ETF | $37M |
| IBDV | iShares iBonds Dec 2030 Term Corporate ETF | $20M |
| IBDW | iShares iBonds Dec 2031 Term Corporate ETF | $18M |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | $18M |
| BSCU | Invesco BulletShares 2030 Corporate Bond ETF | $18M |
| Outflows | ||
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | ($28M) |
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | ($12M) |
| IBMO | iShares iBonds Dec 2026 Term Muni Bond ETF | ($6M) |
| IBHF | iShares iBonds 2026 Term High Yield and Income ETF | ($6M) |
| IVOL | KraneShares Quadratic Interest Rate Volatility Hedge ETF | ($5M) |
Issuer League Table Update
The competitive landscape is heavily concentrated, with iShares (57.79% market share) and Invesco (39.82% market share) combined controlling nearly 98% of the channel’s assets. iShares led all issuers in weekly gathering with $108 million in net inflows, while Quadratic saw the most pressure, experiencing $5 million in weekly outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 47 | $39.90B | 57.79% |
| Invesco | 28 | $27.49B | 39.82% |
| State Street | 21 | $0.58B | 0.84% |
| Quadratic | 1 | $0.48B | 0.70% |
| Simplify | 2 | $0.22B | 0.32% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $108M |
| Invesco | $87M |
| State Street | $37M |
| Outflows | |
| Quadratic | ($5M) |
| Simplify | $0M |
| 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.
