ETF Flows: Small-Cap Winners And Losers

We performed a screening of mid-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 BulletShares 2025 High Yield Corporate Bond ETF BSJP

BSJP added $380.54 million in net assets over the trailing week.

The Invesco BulletShares 2025 High Yield Corporate Bond ETF is based on the Nasdaq Bulletshares USD High Yield Corporate Bond 2025 Index. The Fund will invest at least 80% of its total assets in corporate bonds that comprise the Index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2025. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a "sampling" methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. 

BSJP has $1.08 billion in AUM and an expense ratio of 0.42%. The fund in invested in bonds from 144 companies, with the 10 largest comprising 20.32% of the fund.

The fund’s largest holdings are bonds issued by Colt Merger Sub, Inc and American Airlines, Inc AAL making up 3.8% and 3.1% of the fund, respectively.

BSJP has added $649.96 million in net assets YTD.

BNY Mellon US Mid Cap Core Equity ETF BKMC

BKMC added $335.01 million in net assets over the trailing week.

The BNY Mellon US Mid Cap Core Equity ETF seeks to match the performance of the Morningstar U.S. Mid Cap IndexSM, providing investors with broad exposure to mid-capitalization stocks. The fund employs a passively managed, low cost index approach with a fully transparent portfolio.

BKMC has $442.3 million in AUM and an expense ratio of 0.04%. The fund has holdings in 478 companies, with the 10 largest comprising 5.97% of the fund.

The fund’s largest holdings are in US Dollars and NXP Semiconductors NV NXPI making up .99% and .62% of the fund, respectively.

BKMC has added $370.10 million in net assets YTD.

Losers

Global X Copper Miners ETF COPX

COPX lost $303.96 million in net assets over the trailing week.

The Global X Copper Miners ETF (COPX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index. Copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.

COPX has $1.48 billion in AUM and an expense ratio of 0.65%. The fund has holdings in 39 companies, with the 10 largest comprising 52.26% of the fund.

The fund’s largest holdings are Ivanhoe Mines Ltd. Class A IVN and Lundin Mining Corporation LUNMF making up 5.66% and 5.51% of the fund, respectively.

COPX has lost $341.43 million in net assets YTD.

iShares ESG MSCI USA Leaders ETF SUSL

SUSL lost $319.01 million in net assets over the trailing week.

The iShares ESG MSCI USA Leaders ETF seeks to track the investment results of an index composed of U.S. large and mid-capitalization stocks of companies with high environmental, social, and governance performance relative to their sector peers as determined by the index provider.

SUSL has $1.08 billion in AUM and an expense ratio of 0.10% The fund has holdings in 53 companies, with the 10 largest comprising 54.11% of the fund.

The fund’s largest holdings are Microsoft Corporation MSFT and NVIDIA Corporation NVDA making up 12.07% and 5.16% of the fund, respectively.

SUSL has lost $2.29 billion in net assets YTD.

Featured photo by Solen Feyissa on Unsplash