# Invesco Water Resources ETF (PHO): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pho for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Invesco · Asset class: Equity - Strategy: Thematic · Inception: 2005-12-06 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 qu... ## Key Facts | Metric | Value | |---|---| | Price | $72.01 | | Expense Ratio | 0.59% | | Assets Under Management | $2.00B | | NAV | $72.30 | | Holdings Count | 41 | | Distribution Yield (TTM) | 0.52% | | Annual Distribution (TTM) | $0.37 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $63.54 – $74.78 | | Beta | 0.95 | ## Latest Distribution - Amount: $0.0613 /share - Ex-date: 2026-09-21 - Pay date: 2026-09-25 ## Frequently Asked Questions ### 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 $2.00B 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. ### Does PHO pay a dividend? Invesco Water Resources ETF (PHO) currently distributes little or no income. Trailing-twelve-month yield is 0.52%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does PHO pay dividends? Invesco Water Resources ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is PHO's dividend yield? PHO's trailing-twelve-month yield is 0.52%, calculated from the sum of dividends over the past year divided by the current price. ### When is PHO's next ex-dividend date? The most recently announced ex-dividend date for PHO was 2026-09-21. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will PHO's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.59% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PHO charge its expense ratio? The expense ratio is deducted in tiny daily slices from PHO's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PHO cost more than a fund like VOO? PHO's strategy (current expense ratio 0.59%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where PHO sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to PHO? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PHO (0.59%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pho - Distribution history: https://www.dividenddata.com/funds/pho/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pho/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pho/expenses - Peer comparison: https://www.dividenddata.com/funds/pho/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.