Weekly Channel Summary
The FI: Taxable channel currently stands at $2,201B in Assets Under Management (AUM) across 690 ETFs managed by 142 issuers. This past week saw positive net flows of $6.58B, bringing the Year-to-Date (YTD) total to $183.10B and the trailing 1-year total to a robust $461.10B.
This Week’s Performance Leaders and Laggards
The Convertible category led the pack this week with a 1.03% return, significantly bolstering its impressive 15.46% Year-to-Date performance. Conversely, Government Long funds lagged, posting a -0.86% return for the week and dragging their YTD return down to -0.78%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 1.03% | 9.16% | 10.11% | 13.05% | 15.46% | 38.28% |
| Bank Loans | 0.42% | 1.74% | 0.52% | 1.62% | 0.68% | 5.77% |
| International | 0.35% | 1.79% | -0.99% | 1.78% | 0.78% | 4.59% |
| Inflation Protected | 0.11% | 1.25% | 1.29% | 1.59% | 1.78% | 4.54% |
| Ultrashort | 0.09% | 0.51% | 0.84% | 2.11% | 1.29% | 5.11% |
| Government Ultrashort | 0.07% | 0.33% | 0.87% | 1.85% | 1.17% | 3.99% |
| High Yield | 0.07% | 1.56% | 0.79% | 2.38% | 1.37% | 8.45% |
| Preferred Stock | -0.02% | 2.58% | 0.44% | 2.30% | 1.71% | 9.23% |
| Emerging USD | -0.04% | 2.37% | 0.91% | 2.66% | 1.59% | 12.14% |
| Multisector Taxable | -0.13% | 1.03% | 0.24% | 1.46% | 0.79% | 6.20% |
| Short-Term | -0.13% | 0.43% | 0.32% | 1.56% | 0.69% | 4.75% |
| Government Short | -0.14% | 0.20% | 0.26% | 1.15% | 0.41% | 3.28% |
| International USD | -0.20% | 0.23% | -0.08% | -0.08% | 0.35% | 1.88% |
| Securitized | -0.24% | 0.38% | 0.40% | 1.83% | 0.92% | 5.95% |
| Emerging | -0.28% | 2.07% | 0.08% | 3.32% | 1.50% | 11.33% |
| Core Enhanced | -0.34% | 0.48% | 0.12% | 0.97% | 0.47% | 5.31% |
| Core | -0.38% | 0.28% | 0.06% | 0.72% | 0.29% | 4.62% |
| Government Intermediate | -0.43% | 0.06% | -0.19% | 0.25% | -0.21% | 2.83% |
| Corporate | -0.43% | 0.65% | -0.05% | 0.62% | 0.21% | 5.98% |
| Long-Term | -0.74% | 0.45% | -0.51% | -0.79% | -0.29% | 6.08% |
| Government Long | -0.86% | -0.37% | -0.40% | -2.36% | -0.78% | 1.18% |
Top & Bottom 5 ETFs by Weekly Performance
Virtus Private Credit Strategy ETF (VPC) was the standout individual performer, returning an impressive 4.01% over the last 5 days. Conversely, Simplify Intermediate Term Treasury Futures Strategy ETF (TYA) and iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) were the largest detractors, dropping -1.46% and -1.27% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| VPC | Virtus Private Credit Strategy ETF | 4.01% |
| CVRT | Calamos Convertible Equity Alternative ETF | 2.54% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 1.47% |
| ICVT | iShares Convertible Bond ETF | 1.41% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 1.13% |
| Bottom Performers | ||
| FEMB | First Trust Emerging Markets Local Currency Bond ETF | -1.15% |
| EDV | Vanguard Extended Duration Treasury ETF | -1.25% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | -1.25% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -1.27% |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | -1.46% |
Analyzing the Weekly Flows
The Taxable Fixed Income channel gathered a solid $6,579M in net inflows this past week. Multi-Sector strategies led by segment with $4,717M, while Investment Grade credit and Intermediate duration funds were the top destinations within their respective classifications. On the other end of the spectrum, Government funds experienced the heaviest outflows among segments, shedding -$253M.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 290 | $912.4B | $4,717M | $11,482M | $51,424M | $78,100M | $214,623M |
| FI: Corporate | 164 | $391.3B | $1,673M | $11,611M | $15,053M | $20,671M | $64,521M |
| FI: Bank Loans | 44 | $63.0B | $612M | $2,489M | $1,931M | $5,579M | $15,622M |
| FI: Preferred Stock | 27 | $40.6B | $60M | $469M | $534M | $564M | $2,449M |
| FI: Cat Bonds | 1 | $0.1B | $2M | $19M | $36M | $41M | $69M |
| FI: Securitized | 42 | $105.2B | -$232M | $562M | $2,987M | $3,543M | $17,082M |
| FI: Government | 121 | $688.9B | -$253M | $3,018M | $66,486M | $74,604M | $146,729M |
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 | 359 | $1,769.1B | $3,657M | $17,316M | $120,846M | $153,715M | $351,747M |
| Credit: Blend | 175 | $246.8B | $1,742M | $5,410M | $18,916M | $29,207M | $81,320M |
| Credit: High Yield | 153 | $185.4B | $1,170M | $6,898M | -$1,348M | $140M | $27,883M |
| Specialty: Interest Rate Volatility | 1 | $0.0B | $0M | $2M | $2M | $2M | $2M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 407 | $1,266.1B | $4,377M | $20,135M | $60,662M | $91,836M | $271,983M |
| Duration: Short | 86 | $290.8B | $1,519M | $5,580M | $18,149M | $22,391M | $51,944M |
| Duration: Long | 58 | $193.2B | $813M | $2,569M | $1,233M | $335M | $13,289M |
| Duration: Ultrashort | 137 | $451.2B | -$140M | $1,342M | $58,372M | $68,502M | $123,734M |
Top & Bottom 5 ETFs by 5-Day Flow
At the fund level, the Vanguard Total Bond Market ETF (BND) captured the most new assets with $685M in weekly inflows. The State Street SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) and the iShares iBoxx $ High Yield Corporate Bond ETF (HYG) faced the steepest redemptions, bleeding -$678M and -$498M respectively.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| BND | Vanguard Total Bond Market ETF | $685M |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | $617M |
| BNDX | Vanguard Total International Bond ETF | $480M |
| VGIT | Vanguard Intermediate-Term Treasury ETF | $387M |
| TLT | iShares 20+ Year Treasury Bond ETF | $362M |
| Outflows | ||
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | -$678M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | -$498M |
| IQMM | ProShares GENIUS Money Market ETF | -$497M |
| SHY | iShares 1-3 Year Treasury Bond ETF | -$404M |
| MBB | iShares MBS ETF | -$343M |
Issuer League Table Update
iShares and Vanguard maintain their dominance, holding 36.67% and 26.36% of the channel’s market share, respectively. Vanguard successfully attracted the most net new money this week with $3,114M in inflows, while ProShares experienced the largest hit, seeing -$495M in net outflows.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 87 | $807.26B | 36.67% |
| Vanguard | 30 | $580.25B | 26.36% |
| SPDR | 38 | $169.51B | 7.70% |
| JPMorgan | 19 | $85.61B | 3.89% |
| Schwab | 12 | $73.85B | 3.35% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $3,114M |
| JPMorgan | $454M |
| PIMCO | $408M |
| Outflows | |
| ProShares | -$495M |
| SPDR | -$287M |
| iShares | -$99M |
For a deeper dive into these trends, access our FREE, in-depth Taxable 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.
