---
ticker: "PHO"
name: "Invesco Water Resources ETF"
url: "https://etf.net/etf/PHO"
grade: "C"
score: 54
graded_at: "2026-10-12"
category: "Water"
category_rank: "3 of 6"
methodology: "https://etf.net/methodology"
---

# PHO: Invesco Water Resources ETF

Grade **C**, Score 54 of 100. Rank 3 of 6 in Water.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 38 | 4 of 6 |
| Mission | Not scored | — |
| Risk | 39 | 6 of 6 |
| Tradability | 88 | 1 of 6 |
| Holdings | 63 | 2 of 6 |
| Durability | 77 | 1 of 6 |

## Top holdings

The fund holds 42 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | ECL | Ecolab Inc | 8.25% |
| 2 | FERG | Ferguson Enterprises Inc | 8.13% |
| 3 | WAT | Waters Corp | 7.33% |
| 4 | IDXX | IDEXX Laboratories Inc | 6.74% |
| 5 | ROP | Roper Technologies Inc | 6.25% |
| 6 | A | Agilent Technologies Inc | 4.60% |
| 7 | TRMB | Trimble Inc | 4.15% |
| 8 | VLTO | Veralto Corp | 4.05% |
| 9 | XYL | Xylem Inc/NY | 3.87% |
| 10 | AWK | American Water Works Co Inc | 3.87% |
| 11 | PNR | Pentair PLC | 3.60% |
| 12 | IEX | IDEX Corp | 3.57% |
| 13 | ACM | Aecom | 3.13% |
| 14 | J | Jacobs Solutions Inc | 3.02% |
| 15 | VMI | Valmont Industries Inc | 2.58% |
| 16 | WTS | Watts Water Technologies Inc | 2.52% |
| 17 | WMS | Advanced Drainage Systems Inc | 2.42% |
| 18 | CNM | Core & Main Inc | 2.29% |
| 19 | AOS | A O Smith Corp | 2.21% |
| 20 | TTEK | Tetra Tech Inc | 2.14% |
| 21 | BSY | Bentley Systems Inc | 2.13% |
| 22 | MLI | Mueller Industries Inc | 2.02% |
| 23 | ITRI | Itron Inc | 1.39% |
| 24 | BMI | Badger Meter Inc | 1.35% |
| 25 | SBS | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 1.33% |
| 26 | ZWS | Zurn Elkay Water Solutions Corp | 1.03% |
| 27 | STN | Stantec Inc | 0.67% |
| 28 | FELE | Franklin Electric Co Inc | 0.64% |
| 29 | MWA | Mueller Water Products Inc | 0.60% |
| 30 | HTO | H2O America | 0.57% |

Source: etf.net, https://etf.net/etf/PHO. Please cite the page URL.