Invesco Total Return Bond ETF
$45.05−0.40 (−0.87%)
- Expense ratio
- 0.35%
- Fund size
- $2.5B
- 1Y return
- +0.4%
- Yield · Last 12 months
- 4.92%
- Holdings
- 1880
- Volume · 30D
- 0.2M sh
- NAV per share
- $45.43
- 52W range
The ETF.net GTO Grade
Score 68 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 46Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 42Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 86Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 85Category rank
Our read on GTO
BThe active take on the boring middle of your bond shelf: no index to hug, just a mandate to pull total return from income plus price gains. Priced at 0.35%, right about what the average bond ETF charges.
The fund seeks maximum total return through a combination of income and capital appreciation.
Why people hold it
- Charges 0.35% a year, a shade under the typical fee in its bond category. Hands-on management usually asks for more than the category average.
- Pays monthly, and the stated goal is maximum total return from income and capital appreciation, not yield alone.invesco.com
- Spread across roughly 1,800 bonds, so no single issuer call dominates the portfolio.
- Trading since 2016 and now a multi-billion-dollar fund with reasonable depth on screen, sitting in the upper half of its bond peer group.
Worth knowing
- The index giants in this category (BND, SPAB, SCHZ) charge 0.03%. GTO costs roughly ten times that, and manager judgment is what the extra buys.
- No declared index to track, so results ride on the team's duration and credit calls and can diverge from a plain aggregate-bond tracker in either direction.
- Still a bond fund: rate moves and credit spreads set the ride, and a total-return mandate leaves room to lean into both.
GTO Holdings
- Bonds
- 1,880
- 22%
- United States Treasury Note/Bond 5.00% 05/15/2056
Sectors
- Technology24.2%
- Health Care13.6%
- Financials13.5%
- Consumer Discr.12.5%
- Communication10.8%
- Industrials8.8%
- Cons. Staples7.0%
- Utilities2.8%
- Real Estate2.4%
- Energy2.3%
- Materials2.3%
Geography
- United States73.25%
- Japan4.42%
- United Kingdom3.07%
- France2.51%
- Canada2.22%
- Netherlands1.66%
- South Korea1.66%
- Luxembourg1.59%
- 9.63%
GTO Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | GTO |
|---|---|
| Year to date | −0.7% |
| 1 month | −0.8% |
| 3 months | −1.4% |
| 1 year | +0.4% |
| 3 years | +5.0% |
| 5 years | −0.6% |
| 10 years | +2.4% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | GTO |
|---|---|---|
| 2026 YTD | −0.7% | |
| 2025 | +7.2% | |
| 2024 | +2.6% | |
| 2023 | +6.0% | |
| 2022 | −14.8% | |
| 2021 | −0.4% | |
| 2020 | +10.9% |
GTO in the news
ETF.net Research hasn’t filed on GTO yet — coverage lands here as it’s written.
GTO Dividends
- 4.92%
- $2.24
- $0.19 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 21, 2026 | Pays Sep 25, 2026 | $0.19 |
| Aug 24, 2026 | Aug 28, 2026 | $0.20 |
| Jul 20, 2026 | Jul 24, 2026 | $0.19 |
| Jun 22, 2026 | Jun 26, 2026 | $0.19 |
| May 18, 2026 | May 22, 2026 | $0.18 |
| Apr 20, 2026 | Apr 24, 2026 | $0.17 |
| Mar 23, 2026 | Mar 27, 2026 | $0.18 |
| Feb 23, 2026 | Feb 27, 2026 | $0.18 |
| Jan 20, 2026 | Jan 23, 2026 | $0.18 |
| Dec 22, 2025 | Dec 26, 2025 | $0.19 |
| Nov 24, 2025 | Nov 28, 2025 | $0.19 |
| Oct 20, 2025 | Oct 24, 2025 | $0.19 |
GTO Risk
- 5.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.04
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.5%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.00
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
GTO Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
57 of the 112 US Aggregate Bond funds charge less.