Invesco Water Resources ETF

Frequently Asked Questions About PHO

What does PHO invest in?

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.

What is the expense ratio of PHO?

Invesco Water Resources ETF (PHO) charges an expense ratio of 0.59%. This is the annual fee deducted from fund assets to cover management and operations.

How big is PHO?

Invesco Water Resources ETF (PHO) manages $1.94B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PHO actively managed or an index fund?

PHO's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PHO launched?

Invesco Water Resources ETF (PHO) launched in December 2005 and is managed by Invesco.

How has PHO performed?

PHO's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.