Invesco Total Return Bond ETF
Actively managed U.S. bond ETF
As of its 2026 Q2 report, Invesco Total Return Bond ETF held 1,741 positions with $2.26B in net assets. Its ten largest holdings made up 27.9% of the fund. The GTO share class costs 0.35% a year. Over the 12 months to May 2026, GTO returned 6.4%, with dividends reinvested. In 2026 Q3 it added 267 new positions and exited 212.
The Invesco Total Return Bond ETF (the Fund) seeks maximum total return, comprised of income and capital appreciation.
The fund seeks maximum total return by investing across fixed income instruments of any credit quality, including corporate debt, Treasury securities, mortgage-backed securities, asset-backed securities, municipal bonds, bank loans, and derivatives, with day-to-day management delegated to Invesco Advisers as sub-adviser. The sub-adviser targets at least 75% of corporate debt investments in issuances of sufficient size ($100 million par in developed markets, $200 million in emerging markets) and may allocate up to one-third of assets to high-yield debt. The fund may use leverage through reverse repurchase agreements and borrowing, and may employ derivatives including swaps, forwards, and futures to enhance returns, hedge risks, or adjust portfolio duration.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
Invesco Private Prime Fund | 4.28% | $96.74M | — |
Uniform Mortgage-Backed Securities 5.00% · due 2056-05-01 | 3.30% | $74.64M | — |
U.S. Treasury Notes/Bonds 4.63% · due 2055-11-15 | 3.21% | $72.56M | — |
U.S. Treasury Notes/Bonds 4.13% · due 2036-02-15 | 2.95% | $66.78M | — |
Uniform Mortgage-Backed Securities 2.50% · due 2056-05-01 | 2.91% | $65.73M | — |
Uniform Mortgage-Backed Securities 2.00% · due 2056-05-01 | 2.82% | $63.74M | — |
Uniform Mortgage-Backed Securities 3.00% · due 2056-05-01 | 2.44% | $55.12M | — |
U.S. Treasury Notes/Bonds 3.88% · due 2029-04-15 | 2.27% | $51.23M | — |
U.S. Treasury Notes/Bonds 3.88% · due 2031-03-31 | 2.12% | $47.90M | — |
U.S. Treasury Notes/Bonds 3.88% · due 2028-03-31 | 1.61% | $36.31M | — |
The 200 largest of 1,741 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 65.94% |
| Securitized | 56.04% |
| Cash & short-term | 5.88% |
| Loans | 2.02% |
| 2 smaller | 0.61% |
Look-through blends 4 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
By sector
- Securitized
- 38.9%
- Government
- 22.6%
- Other
- 10.7%
- Cash
- 8.9%
- 12 other sectors
- 18.8%
- Securitized
- 38.9%
- Government
- 22.6%
- Other
- 10.7%
- Cash
- 8.9%
- International
- 7.9%
- Financials
- 4.8%
- Utilities
- 2.6%
- Industrials
- 1.1%
- Consumer Discretionary
- 0.7%
- Health Care
- 0.6%
- Information Technology
- 0.4%
- Communication Services
- 0.3%
- Real Estate
- 0.2%
- Energy
- 0.1%
- Materials
- 0.1%
- Consumer Staples
- 0.1%
How it has done
GTO share class · total returns with dividends reinvested
Volatility over the last 12 months: 3.34%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Invesco Total Return Bond ETF is an actively managed U.S. bond ETF.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
- Expense ratio, by class
- 0.35%· GTO 0.35%
- Portfolio turnover
- 629.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
267 new· the largest 4
212 exited· the largest 2
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 68.5% |
| Floating rate | 30.5% |
| Zero-coupon or unclassified | 1.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.3% |
| 1-3y | 11.7% |
| 3-5y | 13.4% |
| 5-10y | 25.3% |
| 10y+ | 46.5% |
| Unknown | 2.0% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Most of this fund’s sensitivity is to interest rates, with credit spreads carrying nearly as much.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 53% |
| Credit spreads | 47% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +4.87 yr |
| High yield | +0.39 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 0% |
| 1 yr | 0.75 yr | 13% |
| 5 yr | 1.65 yr | 28% |
| 10 yr | 2.24 yr | 38% |
| 30 yr | 1.17 yr | 20% |
| 3 mo | 0.03 yr | 1% |
| 1 yr | 0.66 yr | 13% |
| 5 yr | 1.97 yr | 38% |
| 10 yr | 1.95 yr | 37% |
| 30 yr | 0.64 yr | 12% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.03 | +0.00 | $6.1k | $494 |
| 1 yr | +0.75 | +0.61 | +0.05 | $138.6k | $11.0k |
| 5 yr | +1.65 | +1.79 | +0.19 | $403.9k | $41.9k |
| 10 yr | +2.24 | +1.85 | +0.11 | $417.7k | $24.0k |
| 30 yr | +1.17 | +0.59 | +0.05 | $133.6k | $10.6k |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
A newer credit-spread reading (2026Q3) is on file. This page holds one quarter across every figure on it, so that one appears here next quarter.
Understand how this fund fits with the rest.
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