PHO
Invesco Water Resources ETF
The Invesco Water Resources fund is based on the Palisades Water Index™. The Index seeks to identify a group of companies that focus on the provision of potable water, the treatment of water, and the technology and services that are directly related to water consumption.
Fund Basics
Fund sponsor | Invesco PowerShares |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Dec 06, 2005 |
Assets (mns) | $2,014 |
Expense ratio | 60 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Tiered |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
WOLSELEY PLC | 8.2 % |
ECOLAB INC | 7.9 % |
ROPER TECHNOLOGIES, INC. | 7.8 % |
DANAHER CORP | 7.5 % |
AMERICAN WATER WORKS CO INC | 6.3 % |
CORE & MAIN, INC. CLASS A | 4.8 % |
PENTAIR PLC | 4.2 % |
SMITH (A.O.) CORP | 4.0 % |
IDEX CORP | 4.0 % |
XYLEM INC | 3.9 % |
Constituent Breakdown
Number of holdings | 39 |
Herfindahl-Hirschman Index | 484 |
Wgt avg mkt cap (mns) | $35,706 |
Large cap (>$10bn) | 73.2% |
Mid cap ($2-10bn) | 20.3% |
Small cap (<$2bn) | 2.5% |
Developed mkts. | 99.3% |
Emerging mkts. | 0.7% |
Country Exposure
UNITED STATES | 86.1 % | |
BRITAIN | 12.4 % | |
BRAZIL | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
9.5% | 25.6% | 12.8% | 11.0% | 15.0% | 10.1% | 9.0% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 1.10 | 85% |
MSCI EAFE | 1.03 | 69% |
MSCI Emg Mkts | 0.67 | 31% |
Liquidity Measures
Avg. volume (000) | 70 |
Turnover | 0.2% |
Avg. Bid/Ask (% of price) | 0.09% |
ADV of underlying (mns) | $3,076 |
Technical Indicators
Recent close | $63.13 |
30d moving avg. | $55.94 |
Annualized volatility | 21.2% |
Relative strength (RSI) | 82 |
Short interest (ETF) | 0.3% |
Short interest (underlying) | 1.8% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. PHO |
Expenses vs. PHO |
ALTAR Score™ vs. PHO |
---|---|---|---|---|
FIW | First Trust Water ETF | 69.7% | -7 bp | +0.2% |
EBLU | Ecofin Global Water ESG Fund | 63.2% | -20 bp | -0.4% |
AQWA | Global X Clean Water ETF | 55.7% | -10 bp | 0.0% |
PIO | Invesco Global Water ETF | 46.6% | +15 bp | +0.6% |
CGW | Invesco S&P Global Water Index ETF | 42.8% | -3 bp | -0.5% |
EFRA | iShares Environmental Infrastructure and Industrials ETF | 30.8% | -13 bp | +1.0% |
IWTR | iShares MSCI Water Management Multisector ETF | 25.0% | -13 bp | +0.5% |
SIMS | SPDR S&P Kensho Intelligent Structures ETF | 16.7% | -15 bp | -7.7% |
AHOY | Newday Ocean Health ETF | 14.8% | +15 bp | +1.3% |
EVX | VanEck Environmental Services ETF | 14.6% | -5 bp | -1.4% |
Risk and Returns: PHO vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/18/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
PHO
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
PHO
4.4%
Cat. Avg
5.9%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 4.4% |
Recommendation
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.9% and a standard deviation of
2.7%. PHO's ALTAR Score™ is approximately
0.6 standard deviations
below
the category average. This places PHO in the 29th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
PHO
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
PHO | 60.0 | 8.7 | 68.7 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .