GTOvsFLMIETF Comparison
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Invesco Total Return Bond ETF (GTO) belongs to the Money Market Bonds segment. Franklin Dynamic Municipal Bond ETF (FLMI) is part of the Municipal Bonds segment. GTO's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. GTO is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.3% for FLMI. GTO is down -3.87% year-to-date (YTD) with +$673M in YTD flows. FLMI performs better with -3.16% YTD performance, and +$1.13B in YTD flows. Run a side-by-side ETF comparison of GTO and FLMI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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GTO vs FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | GTO FLMI | +0.32%+1.21% | -1.33%-2.59% | -3.87%-3.16% | -3.77%-3.27% | +15.33%+15.37% | -4.21%+0.32% |
| Flows | GTO FLMI | +$114M+$30M | +$214M+$164M | +$673M+$1.13B | +$761M+$1.42B | +$1.62B+$2.32B | +$1.87B+$2.40B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | GTO FLMI | +4.43%+6.05% | +3.92%+3.83% | +4.74%+3.94% | +5.41%+3.85% |
| Max drawdown | GTO FLMI | -3.65%-6.74% | -6.36%-8.90% | -6.36%-8.90% | -19.94%-16.26% |
| Max drawdown duration | GTO FLMI | 65d71d | 248d236d | 248d236d | 1809d1340d |
Trading data
GTO | FLMI | |
Last sale 10/26/2026 at 1:30 PM | $45.08 | $24.04 |
| Previous close 10/23/2026 | $45.03 | $23.93 |
| Consolidated volume 10/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/26/2026 at 1:30 PM
Live
Closed
GTO | FLMI | |
|---|---|---|
| Last price | $45.08 | $24.04 |
| 1D performance | +0.11% | +0.46% |
| AuM | $2.57 B | $2.38 B |
| E/R | 0.35% | 0.3% |
Characteristics
GTO | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 2245 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 10, 2016 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
GTO
USA
30.77%
Other
69.23%
FLMI
USA
38.36%
Other
61.64%
Sectors
GTO
Finance
11.93%
Sovereign
10.76%
Industrials
7.26%
Other
70.05%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
GTO
Total weight of top 15 holdings out of 15
28.22%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
GTO
US91282CRF04
5.23%
USA, Bonds 5% 15may2056, USD
3.57%
US21H0226975
3.11%
USA, Notes 4.375% 31jul2031, USD (AB-2031)
2.95%
US21H0206910
1.78%
US01F0306948
1.64%
US91282CRG86
1.53%
US01F0526982
1.40%
US01F0326904
1.24%
US01F0506927
1.20%
US01F0406938
1.07%
USA, Notes 4.375% 31jul2033, USD (N-2033)
0.97%
US912810UX45
0.86%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
0.84%
US21H0306900
0.83%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
Frequently asked questions about GTO and FLMI
How have the GTO and FLMI ETFs performed in 2026?
As of October 23, 2026, GTO is down -3.87% year-to-date (YTD), while FLMI has lost -3.16%. That puts FLMI better performer ahead so far this year.
Which ETF is attracting more investor money: GTO or FLMI?
Year-to-date, the GTO ETF saw +$673M in flows, compared to +$1.13B for FLMI.
Which ETF is more volatile: GTO or FLMI?
Over the past year, GTO had a volatility of 3.92%, while FLMI experienced 3.83%.
Which ETF is bigger: GTO or FLMI?
As of October 23, 2026, GTO holds $2.57 B in assets under management (AUM), while FLMI manages $2.38 B.
What sectors do the GTO and FLMI ETFs invest in?
GTO leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the GTO ETF and FLMI ETF?
GTO top holdings include US91282CRF04, USA, Bonds 5% 15may2056, USD and US21H0226975. FLMI holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025).
Which ETF is more diversified: GTO or FLMI?
GTO holds 2660 securities with 28.22% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about GTO & FLMI
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