Weekly Channel Summary
The FI: Taxable channel maintained its robust standing this week, ending with $2,010B in total assets under management across 646 ETFs and 133 issuers. The channel experienced significant investor interest, gathering $11.71B in net inflows for the week. This activity pushes the Year-to-Date flow total to $348.25B, contributing to a substantial 1-year flow figure of $363.93B.
This Week’s Performance Leaders and Laggards
The Convertible category was the clear standout this week, delivering a strong 4.17% return, further solidifying its impressive Year-to-Date performance of 22.41%. Conversely, the Government Short and Government Ultrashort categories lagged the field, posting a modest 0.09% return for the week, though they remain positive for the year.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 4.17% | -2.77% | 3.21% | 11.17% | 22.41% | 17.10% |
| Long-Term | 1.06% | 0.64% | 4.09% | 7.70% | 8.95% | 4.58% |
| International | 1.01% | 0.19% | 0.03% | 2.18% | 10.78% | 7.78% |
| High Yield | 0.79% | 0.42% | 1.49% | 4.87% | 7.56% | 7.08% |
| Preferred Stock | 0.75% | -0.23% | 1.32% | 5.81% | 5.63% | 3.91% |
| Government Long | 0.75% | 0.54% | 4.85% | 6.85% | 7.75% | 1.79% |
| Emerging | 0.68% | 0.71% | 2.59% | 6.88% | 12.70% | 11.41% |
| Corporate | 0.63% | 0.69% | 2.32% | 5.40% | 7.99% | 6.28% |
| Multisector Taxable | 0.53% | 0.53% | 1.81% | 4.71% | 6.94% | 5.96% |
| Emerging USD | 0.48% | 0.27% | 3.81% | 8.86% | 11.79% | 10.13% |
| Core | 0.43% | 0.65% | 2.32% | 4.90% | 7.39% | 5.77% |
| Core Enhanced | 0.42% | 0.62% | 2.33% | 5.13% | 7.61% | 5.95% |
| Bank Loans | 0.36% | 0.36% | 0.61% | 2.73% | 4.61% | 5.06% |
| Securitized | 0.27% | 0.68% | 2.21% | 5.24% | 8.01% | 6.77% |
| Government Intermediate | 0.22% | 0.76% | 1.84% | 4.11% | 7.58% | 6.13% |
| International USD | 0.21% | -0.14% | 1.31% | 2.13% | 3.59% | 3.10% |
| Inflation Protected | 0.20% | 0.21% | 0.84% | 3.36% | 7.13% | 5.71% |
| Short-Term | 0.18% | 0.52% | 1.28% | 3.32% | 5.94% | 5.93% |
| Ultrashort | 0.14% | 0.39% | 1.26% | 2.80% | 4.80% | 5.20% |
| Government Short | 0.09% | 0.49% | 1.12% | 2.67% | 5.12% | 5.18% |
| Government Ultrashort | 0.09% | 0.31% | 0.99% | 2.08% | 3.84% | 4.28% |
Top & Bottom 5 ETFs by Weekly Performance
The CVRT (Calamos Convertible Equity Alternative ETF) took the top spot this week, returning 6.79%. On the downside, the CDX (Simplify High Yield ETF) and TUA (Simplify Short Term Treasury Futures Strategy ETF) were the primary laggards, returning -0.09% and -0.07%, respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| CVRT | Calamos Convertible Equity Alternative ETF | 6.79% |
| DADS | Digital Asset Debt Strategy ETF | 6.52% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 5.05% |
| ICVT | iShares Convertible Bond ETF | 4.78% |
| CWB | State Street SPDR Bloomberg Convertible Securities ETF | 4.47% |
| Bottom Performers | ||
| CDX | Simplify High Yield ETF | -0.09% |
| TUA | Simplify Short Term Treasury Futures Strategy ETF | -0.07% |
| GGOV | iShares Global Government Bond USD Hedged Active ETF | -0.05% |
| PCFI | Polen Floating Rate Income ETF | -0.03% |
| MBSF | Regan Floating Rate MBS ETF | -0.01% |
Analyzing the Weekly Flows
The channel attracted a substantial $11.71B in net inflows this week. The Multi-Sector segment led the charge, bringing in over $4.8B. Investment Grade credit was the preferred choice for investors, gathering nearly $7.9B, while funds with an Intermediate duration saw the highest demand, accumulating over $7.1B. Notably, no major segment, credit type, or duration category experienced net outflows at the aggregate level, indicating broad-based buying pressure across the board.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 265 | $824.4B | $4,868M | $20,400M | $58,405M | $163,674M | $175,981M |
| FI: Government | 114 | $615.5B | $4,351M | $18,616M | $42,205M | $113,347M | $111,138M |
| FI: Corporate | 164 | $372.2B | $2,008M | $4,365M | $16,457M | $40,965M | $40,835M |
| FI: Bank Loans | 35 | $57.6B | $344M | $988M | $1,070M | $11,786M | $14,554M |
| FI: Securitized | 37 | $100.7B | $115M | ($2,091M) | $848M | $16,648M | $19,562M |
| FI: Preferred Stock | 24 | $39.5B | $16M | $109M | $974M | $1,806M | $1,837M |
| FI: Cat Bonds | 1 | $0.0B | $4M | $9M | $13M | $24M | $24M |
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 | 332 | $1,616.9B | $7,880M | $32,847M | $89,045M | $269,362M | $282,307M |
| Credit: Blend | 159 | $210.8B | $2,038M | $8,267M | $23,639M | $57,131M | $59,446M |
| Credit: High Yield | 148 | $182.2B | $1,778M | $1,237M | $7,186M | $21,656M | $22,076M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 384 | $1,167.9B | $7,109M | $19,592M | $73,388M | $194,084M | $205,755M |
| Duration: Ultrashort | 117 | $377.7B | $3,021M | $12,651M | $21,407M | $102,498M | $110,124M |
| Duration: Short | 82 | $265.1B | $1,017M | $5,295M | $12,518M | $37,700M | $42,169M |
| Duration: Long | 56 | $199.2B | $549M | $4,813M | $12,557M | $13,868M | $5,781M |
Top & Bottom 5 ETFs by 5-Day Flow
The SGOV (iShares 0-3 Month Treasury Bond ETF) led inflows with $835M. On the outflow side, the VCSH (Vanguard Short-Term Corporate Bond ETF) and IGSB (iShares 1-5 Year Investment Grade Corporate Bond ETF) saw the largest exits, shedding $336M and $268M respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| SGOV | iShares 0-3 Month Treasury Bond ETF | $835M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $749M |
| SCHO | Schwab Short-Term US Treasury ETF | $628M |
| SCHR | Schwab Intermediate-Term US Treasury ETF | $595M |
| BSV | Vanguard Short-Term Bond ETF | $443M |
| Outflows | ||
| VCSH | Vanguard Short-Term Corporate Bond ETF | ($336M) |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | ($268M) |
| IGIB | iShares 5-10 Year Investment Grade Corporate Bond ETF | ($114M) |
| VCLT | Vanguard Long-Term Corporate Bond ETF | ($70M) |
| EDV | Vanguard Extended Duration Treasury ETF | ($63M) |
Issuer League Table Update
iShares and Vanguard continue to top the leaderboard, commanding 38.27% and 26.59% market share, respectively. iShares also led the way in weekly flows, gathering $3,633M, while AB Funds saw the largest outflows, shedding $12M.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 83 | $769.29B | 38.27% |
| Vanguard | 29 | $534.63B | 26.59% |
| SPDR | 39 | $164.31B | 8.17% |
| JPMorgan | 18 | $72.81B | 3.62% |
| Schwab | 12 | $70.24B | 3.49% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| iShares | $3,633M |
| Schwab | $1,772M |
| Vanguard | $1,302M |
| Outflows | |
| AB Funds | -$12M |
| American Century | -$10M |
| RiverFront | -$6M |
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.
