GTO Fees and Costs — Invesco Total Return Bond ETF
Data updated: 2026-09-29
The net expense ratio is 0.35%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $136K in broker commissions, 0.0072% of average net assets, and portfolio turnover was 629%.
GTO Fees and Expenses
Annual operating expenses and sales charges of GTO. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | — |
| Other expenses | 0.00% |
| Gross expense ratio | 0.35% |
| Fee waiver | — |
| Net expense ratio | 0.35% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
GTO Costs Over Time
On $10,000 invested in GTO, assuming 5% a year before costs, total costs come to $226 over 5 years, cutting the return by 0.38% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $6 | $21 |
| Total costs | $38 | $124 | $226 |
| Value after costs | $10,462 | $11,453 | $12,536 |
| Impact on return, per year | 0.38% | 0.38% | 0.38% |
GTO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0072%
- Total broker commissions: $136K
- Bought from dealers (principal trades, not a cost): $28.4B
- Portfolio turnover (prospectus): 629%
- Securities on loan, average value: $143.4M
- Net income from securities lending: $287K (0.015% of average net assets)
GTO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $129K | 94.69% |
| UBS SECURITIES LLC | $7K | 5.09% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $186 | 0.14% |
| BNP PARIBAS SECURITIES CORP. | $96 | 0.07% |
| JANE STREET EXECUTION SERVICES, LLC | $13 | 0.01% |
GTO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $10.0B | 39.04% |
| WELLS FARGO SECURITIES, LLC | $5.7B | 22.20% |
| BOFA SECURITIES, INC. | $2.6B | 10.12% |
| CITIGROUP GLOBAL MARKETS INC. | $2.1B | 8.32% |
| GOLDMAN, SACHS & CO. | $2.0B | 7.86% |
| BARCLAYS CAPITAL INC. | $1.2B | 4.73% |
| BNY MELLON CAPITAL MARKETS, LLC | $661.4M | 2.59% |
| CITADEL SECURITIES LLC | $486.3M | 1.90% |
| SANTANDER INVESTMENT SECURITIES INC. | $452.6M | 1.77% |
| JANE STREET EXECUTION SERVICES, LLC | $377.9M | 1.48% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.