Weekly Channel Summary
The Taxable Fixed Income channel closed the week with $2,028B in total assets across 658 ETFs and 136 issuers. The channel maintained positive momentum with $7.22B in net inflows for the week. This activity contributes to a year-to-date total of $1.41B and a robust $381.17B over the trailing one-year period.
This Week’s Performance Leaders and Laggards
Convertible strategies led the channel this week, posting a 0.41% return, followed closely by Preferred Stock at 0.40%. Both categories are in positive territory for the year, with Convertibles up 1.68% YTD. Conversely, the Government Long category was the primary laggard, declining -0.71% for the week and sitting at -0.32% YTD, reflecting sensitivity to shifting interest rate expectations.
Category Performance Snapshot
| Category | WTD | 1 Month | 3 Month | 6 Month | YTD | 1 Year |
|---|---|---|---|---|---|---|
| Convertible | 0.41% | 1.15% | -2.36% | 6.99% | 1.68% | 23.09% |
| Preferred Stock | 0.40% | 1.16% | 0.57% | 4.45% | 0.45% | 5.96% |
| Bank Loans | 0.18% | 0.69% | 1.18% | 2.51% | 0.09% | 5.28% |
| High Yield | 0.18% | 0.65% | 1.10% | 3.62% | 0.05% | 8.12% |
| Emerging | 0.13% | 1.25% | 2.64% | 5.66% | 0.07% | 13.62% |
| Ultrashort | 0.08% | 0.43% | 1.17% | 2.63% | 0.04% | 5.21% |
| Government Ultrashort | 0.07% | 0.36% | 1.02% | 2.12% | 0.03% | 4.25% |
| Government Short | 0.03% | 0.30% | 0.96% | 2.40% | 0.01% | 5.39% |
| Short-Term | 0.03% | 0.39% | 1.08% | 2.90% | 0.02% | 6.33% |
| Emerging USD | 0.02% | 0.66% | 2.46% | 6.79% | -0.06% | 12.48% |
| Multisector Taxable | -0.01% | 0.34% | 0.88% | 3.32% | 0.02% | 6.95% |
| Inflation Protected | -0.06% | -0.16% | -0.13% | 2.07% | -0.02% | 6.55% |
| International USD | -0.08% | -0.18% | 0.26% | 1.11% | -0.16% | 3.12% |
| Securitized | -0.11% | 0.29% | 1.17% | 3.71% | -0.05% | 7.77% |
| Government Intermediate | -0.16% | -0.08% | 0.57% | 2.70% | -0.07% | 7.08% |
| Core Enhanced | -0.17% | 0.05% | 0.63% | 3.36% | -0.07% | 7.35% |
| Core | -0.20% | -0.02% | 0.62% | 3.19% | -0.08% | 7.02% |
| Corporate | -0.26% | -0.07% | 0.28% | 3.17% | -0.10% | 7.65% |
| International | -0.29% | 0.83% | 0.22% | 0.18% | -0.13% | 12.05% |
| Long-Term | -0.59% | -0.77% | -0.80% | 3.30% | -0.26% | 7.32% |
| Government Long | -0.71% | -1.39% | -1.25% | 2.04% | -0.32% | 4.99% |
Top & Bottom 5 ETFs by Weekly Performance
The Digital Asset Debt Strategy ETF (DADS) was the standout performer this week, gaining 1.40%. On the other side, the iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) and the PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund (ZROZ) struggled, declining 1.59% and 1.55% respectively.
| Ticker | Fund Name | WTD Performance |
|---|---|---|
| Top Performers | ||
| DADS | Digital Asset Debt Strategy ETF | 1.40% |
| VPC | Virtus Private Credit Strategy ETF | 1.33% |
| BMAX | REX Bitcoin Corporate Treasury Convertible Bond ETF | 1.18% |
| PGF | Invesco Financial Preferred ETF | 1.00% |
| PGX | Invesco Preferred ETF | 0.94% |
| Bottom Performers | ||
| XTWY | BondBloxx Bloomberg Twenty Year Target Duration US Treasury ETF | -1.00% |
| EDV | Vanguard Extended Duration Treasury ETF | -1.27% |
| DRSK | Aptus Defined Risk ETF | -1.40% |
| ZROZ | PIMCO 25+ Year Zero Coupon US Treasury Index Exchange-Traded Fund | -1.55% |
| GOVZ | iShares 25+ Year Treasury STRIPS Bond ETF | -1.59% |
Analyzing the Weekly Flows
The channel attracted $7.22B in net inflows this week. Multi-Sector was the dominant segment, pulling in $4.91B. From a credit perspective, Investment Grade was the clear leader with $6.23B in inflows, while High Yield saw modest inflows and Blend strategies gathered just under $1B. In terms of duration, Intermediate-term funds were the most popular, adding $4.77B, while Long-duration funds experienced outflows of $234M.
Flows by Segment
| Segment | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| FI: Multi-Sector | 275 | $840.4B | $4,909M | $22,773M | $62,286M | $1,862M | $187,132M |
| FI: Government | 116 | $616.3B | $1,666M | $8,409M | $37,519M | ($411M) | $120,264M |
| FI: Bank Loans | 37 | $57.7B | $481M | $119M | ($513M) | $44M | $11,895M |
| FI: Securitized | 37 | $101.5B | $191M | $1,326M | ($256M) | $21M | $18,057M |
| FI: Cat Bonds | 1 | $0.0B | $4M | $8M | $22M | $0M | $34M |
| FI: Preferred Stock | 25 | $39.8B | ($6M) | $251M | $616M | ($30M) | $2,039M |
| FI: Corporate | 165 | $372.6B | ($24M) | $2,977M | $14,226M | ($70M) | $43,881M |
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 | 342 | $1,624.6B | $6,225M | $23,658M | $83,184M | $1,448M | $291,547M |
| Credit: Blend | 164 | $218.8B | $948M | $8,492M | $23,991M | $20M | $66,282M |
| Credit: High Yield | 149 | $184.8B | $47M | $3,707M | $6,649M | ($53M) | $25,367M |
Flows by Duration
| Duration | Fund Count | AUM | 5 Day Flow | 30 Day Flow | 90 Day Flow | YTD Flow | 1 Year Flow |
|---|---|---|---|---|---|---|---|
| Duration: Intermediate | 392 | $1,182.4B | $4,773M | $24,914M | $71,517M | $790M | $219,717M |
| Duration: Ultrashort | 123 | $383.2B | $2,262M | $6,241M | $20,606M | $1,031M | $108,128M |
| Duration: Short | 84 | $267.4B | $418M | $3,707M | $13,431M | ($342M) | $41,062M |
| Duration: Long | 56 | $195.3B | ($234M) | $994M | $8,271M | ($63M) | $14,289M |
Top & Bottom 5 ETFs by 5-Day Flow
The iShares 0-3 Month Treasury Bond ETF (SGOV) attracted the most capital this week, bringing in over $1.1 billion. On the other end of the spectrum, the iShares 20+ Year Treasury Bond ETF (TLT) saw the largest exodus, shedding $491 million, followed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) with $210 million in outflows.
| Ticker | Fund Name | 5-Day Flow |
|---|---|---|
| Inflows | ||
| SGOV | iShares 0-3 Month Treasury Bond ETF | $1,139M |
| AGG | iShares Core U.S. Aggregate Bond ETF | $700M |
| BND | Vanguard Total Bond Market ETF | $527M |
| BNDX | Vanguard Total International Bond ETF | $451M |
| IAGG | iShares Core International Aggregate Bond ETF | $411M |
| Outflows | ||
| TLT | iShares 20+ Year Treasury Bond ETF | ($491M) |
| LQD | iShares iBoxx $ Investment Grade Corporate Bond ETF | ($210M) |
| EMB | iShares JP Morgan USD Emerging Markets Bond ETF | ($193M) |
| HYG | iShares iBoxx $ High Yield Corporate Bond ETF | ($177M) |
| LQDH | iShares Interest Rate Hedged Corporate Bond ETF | ($149M) |
Issuer League Table Update
iShares and Vanguard continue to dominate the landscape, holding nearly 38% and 27% of the market share, respectively. Vanguard led all issuers with $2.11 billion in weekly inflows, while Alpha Architect experienced the most significant outflows for the week.
Top 5 Issuers by AUM
| Brand | Fund Count | AUM | AUM Market Share |
|---|---|---|---|
| iShares | 84 | $770.49B | 37.98% |
| Vanguard | 30 | $540.55B | 26.65% |
| SPDR | 39 | $163.32B | 8.05% |
| JPMorgan | 19 | $75.47B | 3.72% |
| Schwab | 12 | $69.39B | 3.42% |
Top & Bottom 3 Issuers by 5-Day Flow
| Brand | 5-Day Flow |
|---|---|
| Inflows | |
| Vanguard | $2,112M |
| iShares | $1,981M |
| JPMorgan | $485M |
| Outflows | |
| Alpha Architect | ($70M) |
| FundX | ($21M) |
| Kensington | ($5M) |
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.
