---
ticker: "PIO"
name: "Invesco Global Water ETF"
url: "https://etf.net/etf/PIO"
grade: "D"
score: 35
graded_at: "2026-10-12"
category: "Water"
category_rank: "6 of 6"
methodology: "https://etf.net/methodology"
---

# PIO: Invesco Global Water ETF

Grade **D**, Score 35 of 100. Rank 6 of 6 in Water.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 13 | 6 of 6 |
| Mission | Not scored | — |
| Risk | 54 | 3 of 6 |
| Tradability | 50 | 4 of 6 |
| Holdings | 39 | 6 of 6 |
| Durability | 61 | 4 of 6 |

## Top holdings

The fund holds 45 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SBSP3.SA | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | 8.74% |
| 2 | 6361.T | Ebara Corp | 8.21% |
| 3 | ECL | Ecolab Inc | 7.95% |
| 4 | FERG | Ferguson Enterprises Inc | 7.83% |
| 5 | PNR | Pentair PLC | 6.94% |
| 6 | CSMG3.SA | Copasa | 4.85% |
| 7 | WAT | Waters Corp | 4.18% |
| 8 | IDXX | IDEXX Laboratories Inc | 3.72% |
| 9 | VIE.PA | Veolia Environnement SA | 3.68% |
| 10 | A | Agilent Technologies Inc | 3.55% |
| 11 | HLMA.L | Halma PLC | 3.54% |
| 12 | GEBN.SW | Geberit AG | 3.45% |
| 13 | ROP | Roper Technologies Inc | 3.43% |
| 14 | AWK | American Water Works Co Inc | 2.93% |
| 15 | STN | Stantec Inc | 2.48% |
| 16 | XYL | Xylem Inc/NY | 2.08% |
| 17 | UU.L | United Utilities Group PLC | 2.06% |
| 18 | 6370.T | Kurita Water Industries Ltd | 2.02% |
| 19 | 6368.T | Organo Corp | 1.99% |
| 20 | G1A.DE | GEA Group AG | 1.95% |
| 21 | VLTO | Veralto Corp | 1.82% |
| 22 | IEX | IDEX Corp | 1.61% |
| 23 | BEAN.SW | Belimo Holding AG | 1.58% |
| 24 | SVT.L | Severn Trent PLC | 1.44% |
| 25 | WABAG.NS | VA Tech Wabag Ltd | 1.16% |
| 26 | GF.SW | Georg Fischer AG | 1.13% |
| 27 | 021240.KS | Coway Co Ltd | 1.06% |
| 28 | ASTRAL.NS | Astral Ltd | 0.95% |
| 29 | SUN.SW | Sulzer AG | 0.60% |
| 30 | 6005.T | Miura Co Ltd | 0.55% |

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