Invesco Total Return Bond ETF (GTO) GTO is an ideal fit for investors looking for an active total return portfolio. With uncertainty around interest rates, inflation, and the possibility of recession, most investors will benefit by staying within the short to intermediate part of the curve when allocating to fixed income ETFs. Jason Bloom, Invesco’s head of fixed income and alternatives ETF Product Strategy, told VettaFi that the front end of the curve is more favorable from a risk/reward perspective, even if a recession is coming.