Invesco's High Yield Bond Play Adds Over $.5 Billion - ETF Winners And Losers: Mid-Cap Fund Flows

We performed a screening of micro-cap ETFs - defined as having Assets Under Management (AUM) between $2 billion and $10 billion - to determine what funds had the largest change in net assets on the week, according to data from etfdb.com. Only non-leveraged funds were considered. 

Winners

Invesco Senior Loan ETF BKLN

BKLN added $598.32 million in net assets over the trailing week.

The Invesco Senior Loan ETF offers exposure to the high-yield bond space. It invests in leveraged loans, maximizing potential returns. However, this comes with greater risk.

BKLN has $4.97 billion in AUM and an expense ratio of 0.65%. 

BKLN has added $996.99 million in net assets YTD.

iShares Expanded Tech-Software Sector ETF IGV

IGV added $189.95 million in net assets over the trailing week.

The iShares Expanded Tech-Software Sector ETF invests in US-based tech companies. Although it does offer exposure to tech behemoths that dominate most tech-focused ETFs, much of the fund is weighted to lesser-known medium-cap companies.

IGV has $6.4 billion in AUM and an expense ratio of 0.41%. The fund has holdings in 117 companies, with the 10 largest comprising 57.55% of the fund.

The fund’s largest holdings are Microsoft Corporation MSFT and Salesforce, Inc. CRM making up 8.70% and 8.39% of the fund, respectively. IGV has added $611.22 million in net assets YTD.

Losers

SPDR Bloomberg High Yield Bond ETF JNK

JNK added 604.80 million in AUM on the week.

The SPDR Bloomberg High Yield Bond ETF offers exposure to so-called corporate junk bonds. These are middle-rated bonds with a minimum of one year to maturity.

JNK has $7.37 billion in AUM and an expense ratio of 0.40%. 

YTD, JNK has lost $749.68 billion in AUM.

Materials Select Sector SPDR Fund XLB

XLB lost $504.13 million in net assets over the trailing week.

The Materials Select Sector SPDR Fund offers exposure to the US materials sector. This is often a small portion of larger broad-based US market ETFs, but a sector with large potential upside and an attractive option for those looking to indirectly access commodity markets.

XLB has $5.09 billion in AUM and an expense ratio of 0.10%. The fund has holdings in 31 companies, with the 10 largest comprising 65.65% of the fund.

The fund’s largest holdings are Linde plc. LIN and Air Products and Chemicals, Inc. APD making up 20.67% and 7.23% of the fund, respectively.

XLB has added $288.5 billion in net assets YTD.

Featured photo by Kenny Eliason on Unsplash