Weekly Channel Summary
The Fixed Income (Taxable) channel, comprising 618 ETFs from 96 issuers, currently holds a total of $1.53 trillion in assets under management. Over the past week, the channel experienced net inflows of $4.18 billion, contributing to a year-to-date inflow of $92.67 billion. Looking back over the last twelve months, the channel has successfully gathered a substantial $173.07 billion in new assets, signaling strong and sustained investor interest in this segment.
This Week’s Performance Leaders and Laggards
This week’s performance was led by the Convertible category, which posted a solid 1.70% gain, contributing to its impressive 16.57% year-to-date return. In contrast, the Government Short category was the only one to post a loss, declining by 0.01% for the week. Despite the weekly dip, the category remains positive for the year, with a YTD return of 4.23%.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 1.70% | 2.80% | 8.32% | 20.33% | 16.57% | 25.94% |
| Long-Term | 1.17% | 3.39% | 5.19% | 5.87% | 7.98% | 1.53% |
| Preferred Stock | 0.90% | 2.33% | 5.54% | 5.64% | 6.07% | 5.43% |
| Emerging USD | 0.79% | 2.19% | 5.47% | 7.18% | 9.75% | 8.75% |
| Government Long | 0.79% | 3.56% | 4.29% | 2.94% | 6.39% | -4.52% |
| Emerging | 0.66% | 1.62% | 4.29% | 7.51% | 10.69% | 9.43% |
| Corporate | 0.52% | 1.95% | 3.74% | 5.55% | 7.18% | 4.66% |
| Core Enhanced | 0.41% | 1.86% | 3.39% | 4.51% | 6.52% | 3.68% |
| Core | 0.36% | 1.77% | 3.22% | 4.34% | 6.28% | 3.38% |
| High Yield | 0.32% | 1.41% | 3.35% | 5.32% | 6.66% | 7.79% |
| Multisector Taxable | 0.32% | 1.49% | 3.19% | 4.43% | 5.99% | 4.93% |
| International | 0.25% | 0.92% | 1.13% | 7.47% | 11.41% | 5.12% |
| Inflation Protected | 0.20% | 1.52% | 3.34% | 4.23% | 6.96% | 4.98% |
| Securitized | 0.20% | 1.53% | 3.10% | 4.12% | 6.37% | 4.47% |
| Ultrashort | 0.11% | 0.52% | 1.50% | 2.76% | 3.72% | 5.39% |
| Bank Loans | 0.09% | 0.74% | 2.13% | 3.61% | 4.09% | 6.91% |
| Government Intermediate | 0.08% | 1.47% | 2.78% | 4.04% | 6.48% | 2.66% |
| International USD | 0.08% | 0.43% | 0.72% | 3.31% | 2.57% | 2.81% |
| Government Ultrashort | 0.07% | 0.40% | 1.12% | 2.16% | 3.01% | 4.46% |
| Short-Term | 0.05% | 0.85% | 2.17% | 3.64% | 5.03% | 5.21% |
| Government Short | -0.01% | 0.70% | 1.68% | 2.83% | 4.23% | 3.98% |
Top & Bottom 5 ETFs by Weekly Performance
The standout performer this week was the Simplify Interest Rate Hedge ETF (PFIX), which surged by an impressive 3.15%. On the other end of the spectrum, the iShares 20+ Year Treasury Bond ETF (TLT) was the worst performer with a decline of 1.20%, closely followed by the PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF (ZROZ), which fell by 1.15%.
| Top Performers | ||
| PFIX | Simplify Interest Rate Hedge ETF | 3.15% |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 0.65% |
| JNK | SPDR Bloomberg High Yield Bond ETF | 0.62% |
| BKLN | Invesco Senior Loan ETF | 0.30% |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.28% |
| Bottom Performers | ||
| TBT | ProShares UltraShort 20+ Year Treasury | -0.95% |
| VGLT | Vanguard Long-Term Treasury ETF | -1.05% |
| SPTL | SPDR Portfolio Long Term Treasury ETF | -1.10% |
| ZROZ | PIMCO 25+ Year Zero Coupon U.S. Treasury Index ETF | -1.15% |
| TLT | iShares 20+ Year Treasury Bond ETF | -1.20% |
Analyzing the Weekly Flows
The Fixed Income (Taxable) channel attracted a net total of $4.18 billion in flows this week. When viewed by credit type, Investment Grade funds were the clear winner, pulling in over $4.6 billion in new assets. From a duration perspective, Ultrashort funds led the way with $2.1 billion in inflows. In contrast, Long duration funds experienced the largest redemptions, with outflows totaling $312 million.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Government | 112 | $575.9B | $1,966M | $8,068M | $18,742M | $74,502M | $72,481M |
| FI: Corporate | 161 | $398.0B | $690M | $6,520M | $16,796M | $26,028M | $37,131M |
| FI: Securitized | 36 | $100.7B | $567M | $2,380M | $10,819M | $17,268M | $25,889M |
| FI: Bank Loans | 34 | $57.4B | $217M | $1,962M | $6,580M | $11,319M | $23,963M |
| FI: Preferred Stock | 24 | $39.8B | $175M | $500M | $874M | $1,037M | $2,441M |
| FI: Cat Bonds | 1 | $0.0B | $0M | $1M | $3M | $11M | $11M |
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 | 327 | $1,536.0B | $4,635M | $27,568M | $70,874M | $190,040M | $241,042M |
| Credit: High Yield | 144 | $177.8B | $885M | $1,520M | $10,032M | $15,597M | $28,402M |
| Credit: Blend | 149 | $189.8B | $2,449M | $7,082M | $17,312M | $37,250M | $54,136M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Ultrashort | 112 | $359.5B | $2,104M | $7,249M | $25,974M | $84,959M | $109,217M |
| Duration: Intermediate | 370 | $1,102.7B | $5,357M | $24,441M | $62,605M | $131,032M | $185,751M |
| Duration: Short | 81 | $253.1B | $820M | $3,685M | $11,810M | $25,920M | $35,339M |
| Duration: Long | 57 | $188.4B | ($312M) | $795M | ($2,174M) | $967M | ($6,727M) |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) was the most popular fund this week, attracting an impressive $850 million in new capital. On the flip side, the iShares 20+ Year Treasury Bond ETF (TLT) saw the largest redemptions, with outflows of $450 million. The PIMCO Active Bond ETF (BOND) also experienced significant outflows, shedding $320 million over the past five days.
| Inflows | ||
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | $850.00M |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | $620.00M |
| VCIT | Vanguard Intermediate-Term Corporate Bond ETF | $450.00M |
| BKLN | Invesco Senior Loan ETF | $380.00M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $350.00M |
| Outflows | ||
| SHV | iShares Short Treasury Bond ETF | -$210.00M |
| TIP | iShares TIPS Bond ETF | -$250.00M |
| IGSB | iShares 1-5 Year Investment Grade Corporate Bond ETF | -$280.00M |
| BOND | PIMCO Active Bond ETF | -$320.00M |
| TLT | iShares 20+ Year Treasury Bond ETF | -$450.00M |
Issuer League Table Update
The issuer landscape is dominated by iShares and Vanguard, which command 45.25% and 28.15% of the market share, respectively. This week, iShares led the way in asset gathering, pulling in a notable $1.5 billion in inflows. Among the top issuers, PIMCO experienced the largest outflows for the week, totaling $250 million.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 125 | $692.33B | 45.25% |
| Vanguard | 50 | $430.69B | 28.15% |
| SPDR | 45 | $110.15B | 7.20% |
| PIMCO | 20 | $61.20B | 4.00% |
| Schwab | 15 | $45.90B | 3.00% |
Top & Bottom 3 Issuers by 5-Day Flow
| Inflows | |
| iShares | $1.50B |
| Vanguard | $950.00M |
| Invesco | $400.00M |
| Outflows | |
| First Trust | -$150.00M |
| SPDR | -$220.00M |
| PIMCO | -$250.00M |
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.
