Weekly Channel Summary
The FI: Taxable channel currently encompasses 671 ETFs across 138 issuers, representing a massive $2,157 billion in total assets under management. The space saw strong investor interest this past week, bringing in $12.74 billion in 5-day net flows. This builds on a robust year, with Year-to-Date flows hitting $111.14 billion and 1-Year flows reaching an impressive $424.55 billion.
This Week’s Performance Leaders and Laggards
Government Long ETFs led the pack this week with a 1.49% return, boosting their Year-to-Date gain to 3.91%. On the other end of the spectrum, Bank Loans lagged the most, dropping -0.88% on the week and pushing their YTD performance further into negative territory at -1.30%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Government Long | 1.49% | 4.30% | 1.71% | 6.55% | 3.91% | 3.69% |
| Government Intermediate | 0.70% | 1.75% | 1.42% | 3.25% | 1.73% | 6.17% |
| Core | 0.49% | 1.53% | 1.54% | 3.85% | 1.76% | 6.29% |
| Inflation Protected | 0.44% | 0.94% | 1.05% | 1.88% | 1.42% | 4.85% |
| Securitized | 0.44% | 1.29% | 2.05% | 4.14% | 1.82% | 7.05% |
| Core Enhanced | 0.40% | 1.41% | 1.65% | 4.00% | 1.77% | 6.58% |
| International | 0.35% | 0.40% | 3.01% | 3.05% | 2.20% | 12.27% |
| International USD | 0.34% | 1.08% | 1.28% | 2.54% | 1.52% | 4.16% |
| Long-Term | 0.33% | 2.18% | 1.26% | 5.38% | 2.41% | 6.03% |
| Government Short | 0.26% | 0.64% | 1.11% | 2.27% | 0.85% | 4.93% |
| Emerging | 0.24% | 0.96% | 3.58% | 6.28% | 2.37% | 13.69% |
| Corporate | 0.19% | 1.13% | 1.15% | 3.54% | 1.40% | 6.65% |
| Short-Term | 0.17% | 0.57% | 1.30% | 2.58% | 0.95% | 5.76% |
| Multisector Taxable | 0.14% | 0.87% | 1.63% | 3.42% | 1.43% | 6.18% |
| Government Ultrashort | 0.06% | 0.27% | 0.94% | 1.94% | 0.56% | 4.08% |
| Emerging USD | 0.06% | 1.28% | 2.64% | 6.38% | 1.97% | 11.48% |
| Ultrashort | 0.01% | 0.22% | 1.09% | 2.34% | 0.66% | 4.93% |
| Convertible | -0.21% | 0.78% | 3.94% | 7.65% | 5.34% | 29.73% |
| High Yield | -0.26% | 0.13% | 1.29% | 2.77% | 0.71% | 6.92% |
| Preferred Stock | -0.61% | 0.08% | 2.11% | 3.37% | 1.35% | 5.88% |
| Bank Loans | -0.88% | -1.45% | -0.68% | -0.05% | -1.30% | 2.88% |
Top & Bottom 5 ETFs by Weekly Performance
The TYA (Simplify Intermediate Term Treasury Futures Strategy ETF) delivered the best return this week, climbing 2.42%. Conversely, the VPC (Virtus Private Credit Strategy ETF) and the CLOZ (Eldridge BBB-B CLO ETF) struggled the most, falling -3.99% and -2.08%, respectively.
| Top Performers | ||
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| TYA | Simplify Intermediate Term Treasury Futures Strategy ETF | 2.42% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | 2.28% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | 2.28% |
| EDV | Vanguard Extended Duration Treasury ETF | 2.11% |
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | 1.77% |
| Bottom Performers | ||
| VPC | Virtus Private Credit Strategy ETF | -3.99% |
| CLOZ | Eldridge BBB-B CLO ETF | -2.08% |
| PFFA | Virtus InfraCap U.S. Preferred Stock ETF | -1.86% |
| SPFF | Global X SuperIncome Preferred ETF | -1.82% |
| PFFR | InfraCap REIT Preferred ETF | -1.65% |
Analyzing the Weekly Flows
The FI: Taxable channel pulled in $12.06 billion in net inflows over the past five days. Looking at the segments, Multi-Sector strategies led the way, gathering $6,162M, while Bank Loans saw the largest outflows at ($914M). By credit type, Investment Grade dominated with an impressive $10,987M in new assets, while Intermediate duration funds attracted the lion’s share of duration-based flows with $9,315M.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 278 | $896.1B | $6,162M | $25,099M | $70,963M | $49,761M | $208,149M |
| FI: Government | 117 | $645.1B | $3,669M | $13,831M | $29,963M | $22,036M | $122,344M |
| FI: Corporate | 164 | $389.8B | $2,833M | $11,776M | $18,644M | $15,236M | $52,237M |
| FI: Securitized | 40 | $105.5B | $256M | $1,094M | $3,477M | $2,047M | $17,102M |
| FI: Preferred Stock | 25 | $40.9B | $53M | $398M | $706M | $413M | $1,967M |
| FI: Cat Bonds | 1 | $0.0B | $1M | $8M | $22M | $12M | $46M |
| FI: Bank Loans | 37 | $60.6B | ($914M) | $402M | $3,527M | $3,339M | $4,416M |
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 | 344 | $1,710.5B | $10,987M | $42,750M | $92,528M | $72,841M | $310,996M |
| Credit: Blend | 168 | $241.0B | $2,134M | $10,137M | $29,308M | $19,360M | $77,156M |
| Credit: High Yield | 149 | $186.4B | ($1,060M) | ($290M) | $5,448M | $631M | $17,991M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 398 | $1,255.3B | $9,315M | $33,529M | $86,231M | $61,551M | $252,683M |
| Duration: Short | 84 | $280.8B | $1,423M | $7,418M | $15,535M | $11,778M | $46,677M |
| Duration: Long | 56 | $199.6B | $930M | $1,310M | $98M | ($188M) | $9,924M |
| Duration: Ultrashort | 123 | $402.3B | $392M | $10,340M | $25,420M | $19,692M | $96,859M |
Top & Bottom 5 ETFs by 5-Day Flow
The JHCR (John Hancock Core Bond ETF) gathered the most assets this week, bringing in an impressive $2,299M. On the flip side, the PCRB (Putnam ESG Core Bond ETF) and the BKLN (Invesco Senior Loan ETF) suffered the steepest outflows, shedding $907M and $439M, respectively.
| Inflows | ||
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| JHCR | John Hancock Core Bond ETF | $2,299M |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $1,563M |
| BND | Vanguard Total Bond Market ETF | $1,033M |
| BNDX | Vanguard Total International Bond ETF | $700M |
| SCHO | Schwab Short-Term US Treasury ETF | $593M |
| Outflows | ||
| PCRB | Putnam ESG Core Bond ETF | ($907M) |
| BKLN | Invesco Senior Loan ETF | ($439M) |
| PAAA | PGIM AAA CLO ETF | ($289M) |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | ($234M) |
| PHYD | Putnam ESG High Yield ETF | ($224M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the FI: Taxable space, holding 37.20% and 26.56% of the market share, respectively. Vanguard led all issuers in weekly asset gathering with $4,043M in inflows, while Putnam experienced the heaviest redemptions, losing $1,290M over the past five days.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 86 | $802.14B | 37.20% |
| Vanguard | 30 | $572.82B | 26.56% |
| SPDR | 39 | $166.40B | 7.72% |
| JPMorgan | 19 | $82.21B | 3.81% |
| Schwab | 12 | $74.05B | 3.43% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| Brand | 5-Day Flow |
|---|---|
| Vanguard | $4,043M |
| iShares | $3,259M |
| John Hancock | $2,305M |
| Outflows | |
| Putnam | ($1,290M) |
| Invesco | ($237M) |
| WisdomTree | ($142M) |
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.
