Weekly Channel Summary
The Fixed Income: Taxable ETF channel, encompassing 631 ETFs from 132 issuers, currently holds a total of $1.955 trillion in assets under management. The channel experienced significant inflows this week, attracting $8.03 billion. This positive momentum builds on a strong year, with year-to-date flows reaching $291.18 billion and total flows over the past year hitting an impressive $344.67 billion, indicating sustained investor confidence in this segment.
This Week’s Performance Leaders and Laggards
This week, Convertible ETFs led the pack with a strong 1.10% week-to-date return, continuing an exceptional run that has seen the category surge 22.05% year-to-date. In contrast, Bank Loans were the primary laggards, posting a minimal gain of just 0.03% for the week. Despite the slow week, the Bank Loans category remains in positive territory for the year, with a 3.72% year-to-date return.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 1.10% | 2.11% | 4.65% | 24.23% | 22.05% | 25.56% |
| International | 0.89% | -0.82% | 1.68% | 3.57% | 11.39% | 6.88% |
| Long-Term | 0.77% | 0.86% | 6.94% | 9.14% | 9.23% | 5.04% |
| Government Long | 0.63% | 1.35% | 7.76% | 6.32% | 8.00% | 2.35% |
| High Yield | 0.51% | -0.10% | 2.26% | 6.74% | 6.68% | 6.98% |
| Emerging USD | 0.51% | 0.41% | 5.27% | 9.89% | 10.49% | 9.04% |
| Corporate | 0.50% | 0.51% | 4.06% | 6.78% | 7.85% | 6.15% |
| Emerging | 0.50% | -0.18% | 3.49% | 8.47% | 10.99% | 9.11% |
| International USD | 0.48% | 0.74% | 1.79% | 2.62% | 3.55% | 3.87% |
| Core | 0.46% | 0.66% | 3.91% | 5.18% | 7.06% | 5.65% |
| Core Enhanced | 0.46% | 0.62% | 3.98% | 5.72% | 7.30% | 5.84% |
| Multisector Taxable | 0.43% | 0.23% | 3.01% | 5.63% | 6.37% | 5.70% |
| Government Intermediate | 0.39% | 0.66% | 3.49% | 3.93% | 7.21% | 5.44% |
| Preferred Stock | 0.37% | -0.92% | 3.00% | 8.10% | 5.35% | 2.69% |
| Securitized | 0.36% | 0.64% | 3.54% | 5.10% | 7.17% | 6.45% |
| Short-Term | 0.25% | 0.43% | 2.12% | 3.84% | 5.52% | 5.80% |
| Government Short | 0.20% | 0.46% | 1.90% | 2.61% | 4.77% | 4.88% |
| Inflation Protected | 0.15% | 0.10% | 2.47% | 4.16% | 7.17% | 5.59% |
| Ultrashort | 0.11% | 0.38% | 1.43% | 3.12% | 4.18% | 5.21% |
| Government Ultrashort | 0.07% | 0.34% | 1.12% | 2.12% | 3.41% | 4.39% |
| Bank Loans | 0.03% | -0.38% | 0.43% | 4.63% | 3.72% | 5.38% |
Top & Bottom 5 ETFs by Weekly Performance
Among individual ETFs, the Calamos Convertible Equity Alternative ETF (CVRT) was the standout performer, gaining an impressive 2.86% this week. On the other end of the spectrum, the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX) and the iShares BBB-B CLO Active ETF (BCLO) faced headwinds, posting the largest losses of -1.11% and -0.88% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| CVRT | Calamos Convertible Equity Alternative ETF | 2.86% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 1.62% |
| FLXN | Horizon Flexible Income ETF | 1.27% |
| CWB | SPDR Bloomberg Convertible Securities ETF | 1.26% |
| FPE | First Trust Preferred Securities & Income ETF | 1.25% |
| Bottom Performers | ||
| DADS | Digital Asset Debt Strategy ETF | -0.29% |
| CRDT | Simplify Opportunistic Income ETF | -0.37% |
| JBBB | Janus Henderson B-BBB CLO ETF | -0.39% |
| BCLO | iShares BBB-B CLO Active ETF | -0.88% |
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | -1.11% |
Analyzing the Weekly Flows
The Fixed Income: Taxable channel saw robust net inflows of $8.02 billion this week. The leading Segment was FI: Multi-Sector, which attracted over $5.1 billion. In terms of Credit Type, Investment Grade funds dominated, pulling in more than $7.3 billion. Investor preference for Intermediate Duration strategies was also clear, as this category saw the largest inflows at nearly $5.9 billion. The most significant drag came from the FI: Bank Loans segment, which experienced outflows of over $1.4 billion.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 258 | $795.7B | $5,109M | $19,360M | $53,473M | $135,533M | $168,871M |
| FI: Government | 112 | $594.1B | $4,154M | $13,774M | $30,712M | $90,388M | $87,796M |
| FI: Corporate | 163 | $364.8B | $280M | $8,069M | $18,468M | $32,896M | $38,889M |
| FI: Cat Bonds | 1 | $0.0B | $0M | $1M | $3M | $12M | $12M |
| Multi-Sector | 2 | $0.0B | $0M | $0M | $0M | $0M | $0M |
| FI: Preferred Stock | 24 | $39.8B | ($3M) | $408M | $1,051M | $1,561M | $2,074M |
| FI: Securitized | 37 | $103.0B | ($112M) | $1,742M | $6,182M | $19,332M | $26,211M |
| FI: Bank Loans | 33 | $56.9B | ($1,403M) | ($54M) | $4,231M | $11,451M | $20,814M |
Flows by Credit Type
| Credit Type | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Credit: Investment Grade | 327 | $1,575.2B | $7,314M | $33,360M | $85,534M | $225,916M | $261,878M |
| Credit: Blend | 155 | $199.2B | $1,954M | $7,219M | $20,075M | $46,146M | $55,753M |
| Credit: High Yield | 147 | $180.0B | ($1,249M) | $2,673M | $8,462M | $19,064M | $26,988M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 379 | $1,137.1B | $5,858M | $29,545M | $70,689M | $163,009M | $199,918M |
| Duration: Short | 82 | $258.3B | $1,572M | $4,784M | $13,790M | $30,451M | $36,768M |
| Duration: Long | 56 | $194.0B | $404M | $3,444M | $3,831M | $6,986M | ($3,552M) |
| Duration: Ultrashort | 112 | $365.0B | $186M | $5,480M | $25,762M | $90,680M | $111,485M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares U.S. Treasury Bond ETF (GOVT) was the clear winner in attracting capital this week, pulling in an impressive $1.79 billion. On the flip side, the iShares 20+ Year Treasury Bond ETF (TLT) saw the largest outflow at $585 million, followed closely by the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) with a $564 million redemption.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| GOVT | iShares U.S. Treasury Bond ETF | $1,791M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $634M |
| VCSH | Vanguard Short-Term Corporate Bond ETF | $560M |
| BNDX | Vanguard Total International Bond ETF | $530M |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $392M |
| Outflows | ||
| BKLN | Invesco Senior Loan ETF | ($512M) |
| JAAA | Janus Henderson AAA CLO ETF | ($516M) |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | ($564M) |
| TLT | iShares 20+ Year Treasury Bond ETF | ($585M) |
| VMBS | Vanguard Mortgage-Backed Securities ETF | ($306M) |
Issuer League Table Update
The top two issuers by market share, iShares (38.51%) and Vanguard (26.60%), continue to dominate the landscape. This week, iShares led all issuers, gathering over $3.1 billion in inflows. Among the top issuers, Janus Henderson experienced the largest outflows, with a notable redemption of $596 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 80 | $752.71B | 38.51% |
| Vanguard | 29 | $519.83B | 26.60% |
| SPDR | 36 | $163.26B | 8.35% |
| JPMorgan | 18 | $69.26B | 3.54% |
| Schwab | 12 | $66.85B | 3.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $3,123M |
| Vanguard | $2,126M |
| SPDR | $757M |
| Outflows | |
| WisdomTree | -$95M |
| Invesco | -$453M |
| Janus Henderson | -$596M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
