Core Insights - The Invesco Water Resources ETF (PHO) is designed to provide broad exposure to the Industrials - Water segment of the equity market, launched on December 6, 2005 [1] - The ETF has amassed over $2.2 billion in assets, making it one of the larger ETFs in its category [3] - PHO seeks to match the performance of the NASDAQ OMX US Water Index, which tracks companies focused on water conservation and purification [3] Fund Details - The annual operating expenses for PHO are 0.59%, which is competitive within its peer group [4] - The ETF has a 12-month trailing dividend yield of 0.49% [4] - The fund has a heavy allocation in the Industrials sector, approximately 62.4% of the portfolio, with Utilities and Information Technology also significant [5] Holdings - Ferguson Enterprises Inc (FERG) is the largest holding, accounting for about 9.31% of total assets, followed by Ecolab Inc (ECL) and Roper Technologies Inc (ROP) [6] - The top 10 holdings make up approximately 60.13% of total assets under management [6] Performance Metrics - Year-to-date, PHO has gained about 8.05%, and it is up approximately 5.7% over the last year as of July 25, 2025 [7] - The fund has traded between $58.13 and $72.14 in the past 52 weeks [7] - PHO has a beta of 0.99 and a standard deviation of 18.19% for the trailing three-year period, indicating medium risk [7] Alternatives - PHO carries a Zacks ETF Rank of 3 (Hold), suggesting it is a sufficient option for investors seeking exposure to the Industrials ETFs area [8] - Other ETF options in the space include Invesco S&P Global Water Index ETF (CGW) and First Trust Water ETF (FIW), with assets of $983.39 million and $1.88 billion respectively [9]