ETF Winners And Losers: Small-Cap Fund Flows - JMBS And IVOL Up During Rocky Week

We performed a screening of small-cap ETFs - defined as having Assets Under Management (AUM) between $400 million and $2 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

Janus Henderson Mortgage-Backed Securities ETF JMBS

JMBS added $199.23 million in net assets over the trailing week.

The Janus Henderson Mortgage-Backed Securities ETF is an actively managed fund that offers exposure to high-quality MBS assets.

JMBS has $1.75 billion in AUM and an expense ratio of 0.28%. 

JMBS has added $927.06 million in net assets YTD.

Quadratic Interest Rate Volatility & Inflation Hedge ETF IVOL

IVOL added $178.59 million in net assets over the trailing week.

The Quadratic Interest Rate Volatility & Inflation Hedge ETF seeks to profit off of a steepening of the yield curve and aims to hedge the risk of an increase in fixed income volatility and/or an increase in inflation expectations.

IVOL has $947.7 million in AUM and an expense ratio of 1.03%. 

IVOL has added $35.05 million in net assets YTD.

Losers

SPDR S&P Bank ETF KBE

KBE lost $82.79 million in net assets over the trailing week.

The SPDR S&P Bank ETF is tied to the S&P Banks Select Industry Index and provides exposure to the US banking sub sectors of Asset Management & Custody Banks, Diversified Banks, Regional Banks, Diversified Financial Services, and Commercial & Residential Mortgage Finance.

KBE has $1.42 billion in AUM and an expense ratio of 0.35%. The fund has holdings in 90 companies, with the 10 largest comprising 16.59% of the fund.

The fund’s largest holdings are Pinnacle Financial Partners, Inc. PNFP and Western Alliance Bancorp WAL making up 1.79% and 1.74% of the fund, respectively.

KBE has added $194.34 million in net assets YTD.

The United States Oil Fund LP USO

USO has lost 71.68 million in net assets over the trailing week.

The US Oil Fund LP is tied to the daily changes of the Benchmark Oil Futures Contract. Its aim is to track within 10% the changes in NAV of Oil Futures.

The fund has $1.48 billion in AUM and an expense ratio of 0.81%.

USO is down 619.63 million AUM YTD.

Featured photo by Dmitry Demidko on Unsplash