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Invesco Water Resources (PHO) ETF Holdings & Analysis
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What PHO does
The Invesco Water Resources ETF (PHO) aims to mirror the performance of the NASDAQ OMX US Water Index. This fund typically allocates at least 90% of its total assets to equity securities, including common stocks, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs), issued by US exchange-listed companies. These companies are identified by the index as crucial to the water industry, specializing in products and services for water conservation and purification across residential, commercial, and industrial sectors. Both the fund and its underlying index are rebalanced quarterly and undergo an annual reconstitution each April. As of August 31, 2022, Morningstar awarded the fund an impressive 5-star overall rating among 106 peer funds. Its historical performance ratings included 3 stars for the three-year period (out of 106 funds), and 5 stars for both the five-year (out of 99 funds) and ten-year (out of 87 funds) periods. These Morningstar ratings, sourced from Morningstar Inc., are derived from a risk-adjusted return measure that emphasizes consistent performance and accounts for downside volatility. Funds must possess a minimum three-year history to be rated, and for comparison purposes, open-end mutual funds and exchange-traded funds are considered together. The overall rating represents a weighted average of the 3-, 5-, and 10-year metrics, where applicable, factoring in fees and expenses but excluding sales charges. It is crucial to remember that past performance does not guarantee future returns. Morningstar ratings are subject to monthly changes, and the rating would have been lower if fees had not been waived or expenses reimbursed.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Roper Technologies Inc | 9.72% | |
| Ecolab Inc | 8.28% | |
| Waters Corp | 7.24% | |
| Ferguson Enterprises Inc | 6.43% | |
| IDEXX Laboratories Inc | 6.30% | |
| Veralto Corp | 4.46% | |
| American Water Works Co Inc | 4.22% | |
| Agilent Technologies Inc | 4.18% | |
| Xylem Inc/NY | 3.69% | |
| Jacobs Solutions Inc | 3.63% |
Sector allocation
| Basic Materials | 8.97% |
| Cash & Others | 0.01% |
| Healthcare | 17.08% |
| Industrials | 48.35% |
| Technology | 18.18% |
| Utilities | 7.41% |
Geographic allocation
| United States | 95.41% |
| United Kingdom | 2.92% |
| Brazil | 0.80% |
| Canada | 0.63% |
| Other | 0.15% |
| Cayman Islands | 0.10% |
PortView Portfolio Insights
PortView analyzes how PHO fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does PHO track?
- PHO is the Invesco Water Resources ETF, a Other ETF.
- What is the expense ratio of PHO?
- Expense ratio data for PHO is shown on the page when available from our data provider.
- What are the largest holdings in PHO?
- Top holdings include ROP, ECL, WAT, FERG, IDXX.
- How can PortView analyze PHO overlap with other ETFs?
- PortView computes the holdings overlap between PHO and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.