Weekly Channel Summary
The FI: Taxable channel ended the week with $1,985.0B in total assets under management across 635 ETFs and 133 issuers. The channel continued to attract capital, pulling in $8.0 billion in net inflows over the past week. This adds to a strong year, with year-to-date inflows reaching $336.6 billion and 1-year flows totaling $359.1 billion.
This Week’s Performance Leaders and Laggards
Government Long funds led the way this week with a 0.75% return, followed closely by Government Intermediate strategies. The primary lagging category was Convertible, which dropped -2.01% for the week but remains the top performing category year-to-date with a 16.25% gain.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Government Long | 0.75% | -1.94% | 4.49% | 8.77% | 6.78% | 4.73% |
| Government Intermediate | 0.59% | -0.15% | 2.38% | 4.98% | 7.29% | 7.27% |
| Long-Term | 0.53% | -2.02% | 3.31% | 9.16% | 7.72% | 6.34% |
| Core | 0.43% | -0.38% | 2.52% | 5.66% | 6.94% | 6.80% |
| Corporate | 0.38% | -0.75% | 2.19% | 6.12% | 7.35% | 7.17% |
| Core Enhanced | 0.38% | -0.37% | 2.56% | 5.84% | 7.14% | 6.95% |
| Securitized | 0.36% | 0.04% | 2.46% | 5.64% | 7.34% | 7.55% |
| Government Short | 0.30% | 0.19% | 1.48% | 3.00% | 5.03% | 5.59% |
| Short-Term | 0.26% | 0.14% | 1.53% | 3.61% | 5.76% | 6.27% |
| Inflation Protected | 0.20% | -0.52% | 1.46% | 4.00% | 6.86% | 6.39% |
| Multisector Taxable | 0.19% | -0.32% | 1.88% | 4.93% | 6.34% | 6.38% |
| International USD | 0.10% | -0.37% | 1.33% | 2.82% | 3.33% | 4.03% |
| Ultrashort | 0.10% | 0.35% | 1.24% | 2.81% | 4.60% | 5.18% |
| Government Ultrashort | 0.08% | 0.34% | 1.05% | 2.14% | 3.78% | 4.34% |
| Emerging USD | 0.02% | 0.45% | 3.77% | 9.01% | 11.49% | 11.03% |
| High Yield | 0.00% | -0.26% | 1.45% | 4.73% | 6.80% | 6.81% |
| Bank Loans | -0.07% | 0.39% | 0.71% | 2.83% | 4.35% | 5.12% |
| Emerging | -0.32% | 0.40% | 2.47% | 6.59% | 11.61% | 10.80% |
| Preferred Stock | -0.61% | -1.49% | 0.46% | 5.36% | 4.46% | 3.30% |
| International | -0.81% | -1.31% | -0.07% | 1.83% | 9.67% | 8.32% |
| Convertible | -2.01% | -6.45% | 0.94% | 6.22% | 16.25% | 13.17% |
Top & Bottom 5 ETFs by Weekly Performance
The TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) led individual ETF performance with a 1.95% return this week. On the downside, the BMAX (REX Bitcoin Corporate Treasury Convertible Bond ETF) and DADS (Digital Asset Debt Strategy ETF) saw the sharpest declines, falling -3.27% and -2.64% respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | 1.95% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | 0.97% |
| LGOV | First Trust Long Duration Opportunities ETF | 0.84% |
| UTEN | US Treasury 10 Year Note ETF | 0.76% |
| XTEN | BondBloxx Bloomberg Ten Year Target Duration US Treasury ETF | 0.74% |
| Bottom Performers | ||
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | -3.27% |
| DADS | Digital Asset Debt Strategy ETF | -2.64% |
| CVRT | Calamos Convertible Equity Alternative ETF | -2.25% |
| ICVT | iShares Convertible Bond ETF | -2.16% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | -2.07% |
Analyzing the Weekly Flows
The channel attracted $8.0 billion in net inflows this week. Flows were primarily driven by the Multi-Sector segment, which brought in $4.9 billion, and Investment Grade credit, which added $6.7 billion. In terms of duration, Ultrashort funds saw the highest demand with $4.0 billion in inflows, while Long duration funds lagged with outflows of $126 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 262 | $813.2B | $4,900M | $20,050M | $57,442M | $158,766M | $173,392M |
| FI: Government | 113 | $608.1B | $4,721M | $15,569M | $40,378M | $108,995M | $106,650M |
| FI: Preferred Stock | 24 | $39.1B | $37M | $203M | $1,086M | $1,791M | $1,947M |
| FI: Cat Bonds | 1 | $0.0B | $2M | $7M | $9M | $20M | $20M |
| FI: Bank Loans | 35 | $57.3B | ($70M) | $584M | $1,501M | $11,442M | $15,088M |
| FI: Corporate | 163 | $367.3B | ($754M) | $4,694M | $15,734M | $39,072M | $40,791M |
| FI: Securitized | 37 | $100.0B | ($800M) | ($2,317M) | $1,160M | $16,532M | $21,163M |
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 | 329 | $1,598.6B | $6,682M | $30,416M | $89,005M | $261,583M | $279,142M |
| Credit: Blend | 157 | $207.0B | $2,188M | $7,697M | $23,083M | $55,065M | $58,642M |
| Credit: High Yield | 148 | $179.3B | ($845M) | $637M | $5,131M | $19,879M | $21,177M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 115 | $374.1B | $3,976M | $9,473M | $19,929M | $99,476M | $108,612M |
| Duration: Intermediate | 381 | $1,151.6B | $3,442M | $18,437M | $71,839M | $186,933M | $204,043M |
| Duration: Short | 82 | $262.9B | $734M | $5,769M | $12,494M | $36,799M | $41,951M |
| Duration: Long | 56 | $196.3B | ($126M) | $5,071M | $12,957M | $13,319M | $4,356M |
Top & Bottom 5 ETFs by 5-Day Flow
The SGOV (iShares 0-3 Month Treasury Bond ETF) dominated inflows this week, adding over $2.3 billion. In contrast, the MBB (iShares MBS ETF) and STIP (iShares 0-5 Year TIPS Bond ETF) experienced the largest outflows, shedding $942 million and $555 million respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
| SGOV | iShares 0-3 Month Treasury Bond ETF | $2,353M |
| BSV | Vanguard Short-Term Bond ETF | $1,001M |
| BND | Vanguard Total Bond Market ETF | $779M |
| BIL | State Street SPDR Bloomberg 1-3 Month T-Bill ETF | $773M |
| IEF | iShares 7-10 Year Treasury Bond ETF | $715M |
| Outflows | ||
| MBB | iShares MBS ETF | ($942M) |
| STIP | iShares 0-5 Year TIPS Bond ETF | ($555M) |
| TLT | iShares 20+ Year Treasury Bond ETF | ($499M) |
| USHY | iShares Broad USD High Yield Corporate Bond ETF | ($482M) |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | ($455M) |
Issuer League Table Update
iShares and Vanguard continue to lead the issuer landscape with 38.3% and 26.6% market share respectively. Vanguard gathered the most assets this week with $3.4 billion in inflows, while Simplify saw the largest outflows among issuers, shedding $263 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 82 | $760.92B | 38.28% |
| Vanguard | 29 | $529.14B | 26.62% |
| SPDR | 39 | $162.59B | 8.18% |
| JPMorgan | 18 | $72.01B | 3.62% |
| Schwab | 12 | $68.05B | 3.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
| Vanguard | $3,433M |
| iShares | $983M |
| Nuveen | $623M |
| Outflows | |
| Simplify | ($263M) |
| Janus Henderson | ($67M) |
| Eldridge | ($53M) |
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.
