# PHO (Invesco Water Resources ETF)

Invesco · Thematic ETFs · data as of Sep 11, 2026

PHO holds 41 stocks, and 37% of its weight is outside the S&P 500.

## Key facts

- PHO, already in the S&P 500: 63.2%, as of Sep 11, 2026.
- PHO, active share vs the S&P 500: 99.4%, as of Sep 11, 2026.
- PHO, top ten holdings: 58.2%, as of Sep 11, 2026.
- PHO, total return, 1 year: −4.8%, as of Sep 11, 2026.
- PHO, net assets: $1.9bn (the issuer daily holdings, added up, as of Sep 10, 2026).
- PHO, expense ratio: 0.59% (485BPOS XBRL, Aug 27, 2026).

## PHO over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +2.7% | +3.3% | −0.6 pts | +3.5 pts |
| 6 months | +2.2% | +16.0% | −13.9 pts | −18.5 pts |
| 1 year | −4.8% | +17.5% | −22.3 pts | −27.8 pts |
| 3 years | +27.4% | +77.9% | −50.5 pts | −67.7 pts |
| Since launch | +335.2% | +804.4% | −469.2 pts | −1338.7 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Water | ETFIQ, editorial |
| Launched | Jan 4, 2010 | ETFIQ |
| Already in the S&P 500, by weight | 63.2% | ETFIQ |
| Active share vs the S&P 500 | 99.4% | ETFIQ |
| Already in the Nasdaq-100, by weight | 15.4% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.7% | ETFIQ |
| Top ten holdings weight | 58.2% | ETFIQ |
| Holdings | 41 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | Roper Technologies Inc 9.3%, Ecolab Inc 8.3%, Waters Corp 7.4%, Ferguson Enterprises Inc 6.7%, IDEXX Laboratories Inc 6.0%, Veralto Corp 4.4%, American Water Works Co Inc 4.4%, Agilent Technologies Inc 4.1%, Xylem Inc/NY 3.8%, IDEX Corp 3.6% | ETFIQ |
| Net assets | $1.9bn | the issuer daily holdings, added up, as of Sep 10, 2026 |
| Below its all-time high | −7.8% | ETFIQ |
| Expense ratio | 0.59% | 485BPOS XBRL, Aug 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.59% | ETFIQ |
| Closest funds by holdings overlap | FIW 75%, PIO 47%, AQWA 34%, CGW 33%, EFRA 29% | ETFIQ |

## Questions

### How much of PHO is in S&P 500 companies?

By its holdings published by its issuer for Sep 10, 2026, 63% of PHO by weight is stocks the S&P 500 already holds. Its active share against the index is 99%, so that share is the part doing something different.

### What does PHO hold?

41 positions as published by its issuer for Sep 10, 2026, with the top ten at 58% of the fund. The largest are Roper Technologies Inc at 9.3%, Ecolab Inc at 8.3%, Waters Corp at 7.4%.

### Has PHO beaten the S&P 500?

Over the year to Sep 11, 2026 PHO returned −4.8% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 22.3 points.

### What does PHO cost?

The prospectus expense ratio is 0.59% a year. Because 99% of the fund differs from the S&P 500, the fee on that differing part works out at 0.59%.


## Cite this page

ETFIQ, PHO, data as of Sep 11, 2026. https://etfiq.com/funds/pho
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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