ATLASInvesco Water Resources ETF (PHO): outlook, holdings and fees
Invesco Water Resources ETF (PHO) is an exchange-traded fund and is managed by Invesco. The expense ratio is 0.59% and the yield is 0.58%. The ten largest holdings are 57% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PHO
| Last price | $76.29 (+3.4%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 55% |
| Likely 1-month range (50%) | $74.63 – $78.74 |
| Normal 1-day range (±1σ) | ±0.9% |
| Distribution yield | 0.58% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PHO fund facts
| Issuer | Invesco |
|---|---|
| Theme | Other strategies |
| Assets under management | $1.9B |
| Expense ratio | 0.59% |
| Number of holdings | 41 |
| Portfolio turnover | 0% |
| Inception | Dec 6, 2005 |
| Exchange | NASDAQ |
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index is designed to track the performance of U.S. exchange-listed companies that create products that conserve and purify water for homes, businesses, and industries. The fund is non-diversified.
PHO top holdings
| Holding | Sector | Weight |
|---|---|---|
| Ecolab Inc ECL | Basic Materials | 8.61% |
| Ferguson Plc FERG | Industrials | 8.30% |
| Waters Corporation WAT | Healthcare | 7.65% |
| IDEXX Laboratories Inc IDXX | Healthcare | 6.51% |
| Roper Technologies Inc ROP | Technology | 6.10% |
| Agilent Technologies Inc A | Healthcare | 4.39% |
| Trimble Inc TRMB | Technology | 3.97% |
| Veralto Corporation VLTO | Industrials | 3.92% |
| Xylem Inc XYL | Industrials | 3.92% |
| American Water Works AWK | Utilities | 3.81% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PHO sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 49.7% |
| Healthcare | 19.3% |
| Technology | 15.1% |
| Basic Materials | 8.8% |
| Utilities | 7.1% |
By region: North America 98.7%, Latin America 1.3%.
PHO returns and risk
| Year to date | -2.1% |
|---|---|
| 1 year | -5.4% |
| 3 years (annualised) | +9.6% |
| 5 years (annualised) | +4.9% |
| 10 years (annualised) | +11.7% |
| Volatility (3 years) | 15.8% |
| Sharpe ratio (3 years) | 0.35 |
Past returns do not guarantee future results.
PHO: frequently asked questions
What does PHO invest in?
Invesco Water Resources ETF invests in a portfolio of securities. Its largest holdings are Ecolab Inc (8.6%), Ferguson Plc (8.3%), Waters Corporation (7.6%), IDEXX Laboratories Inc (6.5%), Roper Technologies Inc (6.1%).
What is the PHO expense ratio?
0.59% a year: about $59.00 for every $10,000 invested.
What is the PHO dividend yield?
0.58%. ATLAS does not hold the exact distribution dates for ETFs.
Will PHO go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 55%, with a likely range (50%) of $74.63 to $78.74 from $76.29 today. It is a probability, not a prediction.
How has PHO performed?
Year to date -2.1%, one year -5.4%, three years +9.6% a year, five years +4.9% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer