Weekly Channel Summary
The FI: Specialty channel currently manages $70B in total Assets Under Management (AUM) across 150 ETFs, offered by 14 distinct issuers. Over the past week, the space experienced net inflows of $0.29B. This recent activity contributes to a year-to-date net flow of $6.01B and an impressive 1-year total flow of $21.69B.
Analyzing the Weekly Flows
The channel generated $292M in positive net flows this week. The Specialty – Defined Maturity category led the way with $291M in inflows. At the segment level, FI: Corporate bonds saw the strongest interest, gathering $178M. Analyzing by duration, the 2035 duration bucket was the most popular, pulling in $70M, while the 2026 bucket saw the largest outflows at -$52M.
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 | 121 | $69.1B | $291M | $782M | $3,506M | $6,082M | $21,694M |
| Specialty – Interest Rate Volatility | 8 | $0.9B | -$1M | -$107M | -$68M | -$85M | $170M |
| Fixed Income: Specialty – Maturing Ladder | 20 | $0.1B | $1M | $1M | $16M | $14M | -$172M |
Segment Flows Summary
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Corporate | 62 | $53.1B | $178M | $364M | $2,308M | $4,224M | $15,851M |
| FI: Government | 58 | $12.1B | $87M | $160M | $799M | $1,222M | $4,158M |
| FI: Municipal | 29 | $4.9B | $26M | $152M | $348M | $564M | $1,683M |
Duration Flows Summary
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: 2026 | 10 | $12.9B | -$52M | -$225M | -$646M | -$739M | $946M |
| Duration: 2027 | 12 | $12.9B | $38M | $30M | $472M | $865M | $3,381M |
| Duration: 2028 | 13 | $11.6B | $63M | $210M | $957M | $1,533M | $3,975M |
| Duration: 2029 | 12 | $9.5B | $26M | $117M | $579M | $1,059M | $3,452M |
| Duration: 2030 | 16 | $7.6B | $52M | $158M | $592M | $1,026M | $3,295M |
| Duration: 2031 | 12 | $5.1B | $19M | $94M | $394M | $655M | $2,064M |
| Duration: 2032 | 11 | $3.9B | $25M | $102M | $282M | $459M | $1,578M |
| Duration: 2033 | 11 | $2.7B | $30M | $55M | $211M | $295M | $960M |
| Duration: 2034 | 9 | $1.9B | $14M | $77M | $349M | $458M | $1,131M |
| Duration: 2035 | 12 | $1.0B | $70M | $136M | $285M | $436M | $648M |
| Duration: 2036 | 4 | $0.1B | $8M | $25M | $34M | $34M | $34M |
| Duration: 2044 | 1 | $0.1B | $0M | $1M | $5M | $7M | $29M |
| Duration: 2045 | 3 | $0.0B | $0M | $0M | $2M | $0M | $5M |
| Duration: 2046 | 1 | $0.0B | $0M | $1M | $3M | $3M | $3M |
| Duration: 2050 | 2 | $0.0B | $0M | $0M | $0M | $0M | $2M |
| Duration: 2054 | 1 | $0.0B | $0M | $0M | $0M | $0M | $1M |
| Duration: 2055 | 5 | $0.0B | $0M | $0M | $2M | $2M | $5M |
| Duration: 2056 | 1 | $0.0B | $0M | $1M | $2M | $2M | $2M |
Top & Bottom 5 ETFs by 5-Day Flow
The top individual fund for inflows was the iShares iBonds Dec 2035 Term Treasury ETF (IBTQ), capturing $52M. Conversely, the largest outflows were seen in the Invesco BulletShares 2026 Corporate Bond ETF (BSCQ) and the iShares iBonds Dec 2029 Term Treasury ETF (IBTJ), shedding $38M and $28M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| IBTQ | iShares iBonds Dec 2035 Term Treasury ETF | $52M |
| IBDY | iShares iBonds Dec 2033 Term Corporate ETF | $22M |
| VBCD | Vanguard Target Maturity 2030 Corporate Bond ETF | $21M |
| VBCB | Vanguard Target Maturity 2028 Corporate Bond ETF | $21M |
| IBDU | iShares iBonds Dec 2029 Term Corporate ETF | $20M |
| Outflows | ||
| BSCQ | Invesco BulletShares 2026 Corporate Bond ETF | -$38M |
| IBTJ | iShares iBonds Dec 2029 Term Treasury ETF | -$28M |
| BSCR | Invesco BulletShares 2027 Corporate Bond ETF | -$24M |
| BSCV | Invesco BulletShares 2031 Corporate Bond ETF | -$12M |
| IBDR | iShares iBonds Dec 2026 Term Corporate ETF | -$8M |
Issuer League Table Update
The FI: Specialty landscape remains heavily concentrated, with the top two issuers, iShares and Invesco, commanding 58.00% and 39.30% of the market share, respectively. iShares was also the top asset gatherer for the week, attracting $214M in new assets, while Invesco faced the largest weekly outflows at -$51M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 57 | $40.67B | 58.00% |
| Invesco | 28 | $27.56B | 39.30% |
| State Street | 21 | $0.70B | 1.01% |
| Quadratic | 1 | $0.34B | 0.48% |
| Simplify | 2 | $0.27B | 0.38% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $214M |
| Vanguard | $119M |
| State Street | $10M |
| Outflows | |
| Invesco | -$51M |
| Simplify | -$2M |
| ProShares | -$1M |
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.
