Weekly Channel Summary
The FI: Taxable channel closed the week with a total of $1.925 trillion in Assets Under Management (AUM) spread across 625 ETFs from 132 different issuers. The channel experienced significant inflows, attracting $12.52 billion over the past week. Year-to-date, net flows stand at a robust $272.91 billion, and looking back over the past year, the channel has gathered an impressive $337.26 billion in new assets.
This Week’s Performance Leaders and Laggards
This week saw Convertible ETFs surge ahead with an impressive 3.13% week-to-date return, significantly outpacing other categories and boasting a strong 21.78% year-to-date performance. On the other end of the spectrum, Bank Loans were the primary laggards, posting a minimal gain of only 0.06% for the week, though they remain positive with a 4.05% return year-to-date.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 3.13% | 6.44% | 8.72% | 26.07% | 21.78% | 27.93% |
| Long-Term | 0.87% | 3.00% | 4.24% | 4.42% | 8.04% | 2.14% |
| Government Long | 0.79% | 2.92% | 3.72% | -0.21% | 6.00% | -2.43% |
| International | 0.69% | 1.16% | 0.15% | 5.38% | 11.50% | 5.22% |
| Corporate | 0.58% | 1.53% | 2.93% | 4.47% | 7.26% | 4.72% |
| Core | 0.46% | 1.17% | 2.70% | 2.88% | 6.29% | 3.79% |
| Core Enhanced | 0.44% | 1.27% | 2.83% | 3.36% | 6.59% | 4.07% |
| Government Intermediate | 0.40% | 0.63% | 2.29% | 2.00% | 6.33% | 3.19% |
| Emerging USD | 0.36% | 2.02% | 4.33% | 7.78% | 10.14% | 7.92% |
| Securitized | 0.35% | 0.87% | 2.65% | 2.98% | 6.45% | 4.79% |
| International USD | 0.34% | 0.76% | 0.72% | 2.28% | 2.84% | 2.96% |
| Multisector Taxable | 0.34% | 0.99% | 2.42% | 3.94% | 6.07% | 4.76% |
| Emerging | 0.32% | 1.38% | 2.84% | 7.72% | 10.91% | 8.09% |
| High Yield | 0.26% | 1.08% | 2.32% | 6.59% | 6.98% | 7.17% |
| Short-Term | 0.24% | 0.50% | 1.84% | 3.09% | 5.17% | 5.16% |
| Preferred Stock | 0.21% | 1.73% | 3.71% | 7.33% | 6.05% | 3.80% |
| Government Short | 0.21% | 0.36% | 1.53% | 2.05% | 4.34% | 4.08% |
| Inflation Protected | 0.13% | 0.40% | 2.25% | 2.17% | 6.66% | 4.36% |
| Ultrashort | 0.13% | 0.50% | 1.43% | 2.87% | 4.03% | 5.24% |
| Government Ultrashort | 0.08% | 0.37% | 1.10% | 2.13% | 3.25% | 4.37% |
| Bank Loans | 0.06% | 0.15% | 1.23% | 4.26% | 4.05% | 6.34% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the REX Bitcoin Corporate Treasury Convertible Bond ETF (BMAX), which posted a remarkable 5.46% gain. At the other end, the Sound Enhanced Fixed Income ETF (FXED) was the worst performer with a -0.32% return, closely followed by the Virtus Private Credit Strategy ETF (VPC) which declined by -0.31%.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | 5.46% |
| DADS | Digital Asset Debt Strategy ETF | 4.60% |
| CVRT | Calamos Convertible Equity Alternative ETF | 3.76% |
| FCVT | First Trust SSI Strategic Convertible Securities ETF | 3.28% |
| ICVT | iShares Convertible Bond ETF | 3.02% |
| Bottom Performers | ||
| FXED | Sound Enhanced Fixed Income ETF | -0.32% |
| VPC | Virtus Private Credit Strategy ETF | -0.31% |
| EPRF | Innovator S&P Investment Grade Preferred ETF | -0.22% |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | -0.20% |
| PCFI | Polen Floating Rate Income ETF | -0.15% |
Analyzing the Weekly Flows
The FI: Taxable channel saw net inflows of $12.52 billion this week. The Multi-Sector segment led the way, attracting $4.6 billion. From a credit perspective, Investment Grade funds were the clear favorite, pulling in $7.87 billion. When looking at duration, Intermediate-term strategies dominated with $8.82 billion in new assets. Conversely, Convertible funds were the primary laggard, experiencing outflows of -$2 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 | 255 | $780.2B | $4,600M | $17,687M | $48,400M | $125,497M | $164,866M |
| FI: Corporate | 161 | $361.9B | $3,377M | $5,329M | $17,002M | $31,225M | $36,770M |
| FI: Government | 112 | $582.2B | $3,199M | $11,868M | $26,693M | $83,306M | $83,778M |
| FI: Securitized | 36 | $101.8B | $799M | $2,454M | $6,673M | $18,774M | $25,973M |
| FI: Bank Loans | 33 | $58.4B | $429M | $1,644M | $6,076M | $12,595M | $23,621M |
| FI: Preferred Stock | 24 | $39.9B | $112M | $632M | $1,011M | $1,458M | $2,195M |
| FI: Cat Bonds | 1 | $0.0B | $1M | $1M | $4M | $12M | $12M |
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 | 326 | $1,549.6B | $7,873M | $27,030M | $77,960M | $211,212M | $255,105M |
| Credit: High Yield | 144 | $181.4B | $2,883M | $5,165M | $10,614M | $19,794M | $28,459M |
| Credit: Blend | 152 | $193.4B | $1,760M | $7,420M | $17,284M | $41,862M | $53,653M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 372 | $1,116.3B | $8,817M | $25,591M | $62,137M | $150,337M | $192,216M |
| Duration: Ultrashort | 112 | $362.9B | $1,733M | $6,717M | $27,274M | $88,854M | $111,250M |
| Duration: Short | 82 | $255.0B | $1,241M | $3,192M | $12,521M | $28,135M | $35,677M |
| Duration: Long | 56 | $190.2B | $726M | $4,115M | $3,927M | $5,542M | ($1,926M) |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) was the top attractor of capital this week, bringing in $1.72 billion. On the flip side, the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) saw the largest outflows at -$412 million, followed by the iShares 7-10 Year Treasury Bond ETF (IEF) with -$309 million in withdrawals.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $1,722M |
| BNDX | Vanguard Total International Bond ETF | $585M |
| BND | Vanguard Total Bond Market ETF | $550M |
| GOVT | iShares U.S. Treasury Bond ETF | $506M |
| TLT | iShares 20+ Year Treasury Bond ETF | $492M |
| Outflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | -$412M |
| IEF | iShares 7-10 Year Treasury Bond ETF | -$309M |
| SHV | iShares Short Treasury Bond ETF | -$198M |
| USFR | Wisdom Tree Floating Rate Treasury Fund | -$103M |
| IGOV | iShares International Treasury Bond ETF | -$87M |
Issuer League Table Update
iShares and Vanguard continue to dominate the FI: Taxable landscape, holding 38.54% and 26.57% of the market share, respectively. iShares also led this week’s inflows, gathering an impressive $5.06 billion. Among the top issuers, WisdomTree experienced the largest outflows, with a reduction of -$99 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 80 | $741.62B | 38.54% |
| Vanguard | 29 | $511.26B | 26.57% |
| SPDR | 36 | $161.29B | 8.38% |
| JPMorgan | 17 | $66.99B | 3.48% |
| Schwab | 12 | $65.78B | 3.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| iShares | $5,055M |
| Vanguard | $2,974M |
| SPDR | $804M |
| Outflows | |
| WisdomTree | -$99M |
| KraneShares | -$30M |
| FlexShares | -$18M |
For a deeper dive into these trends, access our FREE, in-depth Thematic 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.
