Ticker: GTO

Invesco Total Return Bond ETF

An actively managed intermediate-term bond fund designed for investors seeking monthly income and total return opportunities.

Product details

Why invest in GTO?

The Invesco Total Return Bond ETF seeks to provide income and return potential relative to traditional core fixed income products.

4-star overall Morningstar rating - Intermediate Core-Plus Bond Category

As of 3/31/2024 the Fund had an overall rating, based on risk-adjusted returns, of 4 stars out of 557 funds and was rated 3 stars out of 557 funds, 4 stars out of 527 funds and not rated for the 3-, 5- and 10-year periods, respectively.


Get timely answers to important questions regarding this product.

A total return bond fund is typically a diversified fixed income portfolio designed to invest in many bond sectors that may provide income and capital appreciation. Investments may include Treasury bonds, agency bonds, investment grade corporate bonds, commercial MBS, ABS and residential MBS.  In addition, the strategy may invest in high yield corporate debt, emerging market debt, and other types of bonds.

The Invesco Total Return Bond ETF (GTO) is an actively managed intermediate-term bond exchange-traded fund for investors seeking monthly income and total return opportunities.

With a passive investment strategy, managers generally seek to precisely mirror their benchmark index’s holdings and are therefore able to charge lower fees. Typically, however, they don’t have the freedom to move into cash, or the ability to quickly raise funds in the midst of a market downturn to take advantage of opportunistic, tactical strategies.  Managers with an active investment strategy can overweight or underweight areas of the portfolio to add value.

Investors turn to Invesco for high-conviction bond strategies across the fixed income spectrum. Our team is empowered by a collaborative culture and extensive research capabilities across geographies, asset classes, and sectors. We bring the resources of a global asset manager while remaining nimble enough to add value through security selection. Through a rigorous, repeatable process that constantly identifies new themes and opportunities, we build best-idea portfolios that seek to deliver strong risk-adjusted performance over time.

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  • The Invesco Total Return Bond ETF (the “Fund”) seeks maximum total return, comprised of income and capital appreciation.

  • Source: Morningstar Inc. Ratings are based on a risk-adjusted return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Open-end mutual funds and exchange-traded funds are considered a single population for comparison purposes. Ratings are calculated for funds with at least a three year history. The overall rating is derived from a weighted average of three-, five- and 10-year rating metrics, as applicable, excluding sales charges and including fees and expenses. ©2024 Morningstar Inc. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers. It may not be copied or distributed and is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. The top 10% of funds in a category receive five stars, the next 22.5% four stars, the next 35% three stars, the next 22.5% two stars and the bottom 10% one star. Ratings are subject to change monthly. Had fees not been waived and/or expenses reimbursed currently or in the past, the Morningstar rating would have been lower. Ratings for other share classes may differ due to different performance characteristics.