Invesco Water Resources ETF
Invesco Water Resources ETF (NASDAQ: PHO) is an exchange-traded fund listed on NASDAQ, trading at $68.31 (about ₹6,562 a unit) as of 29 Sep 2026, 4:00 PM ET. It has an expense ratio of 0.59% and holds 41 securities. Indian residents can buy PHO through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$67.90
Today's high
$68.75
52 week low
$63.54
52 week high
$74.93
PHO opened at $68.48, closed previously at $68.63, and has traded between $63.54 and $74.93 over the past 52 weeks.
About
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.
Key statistics
Expense ratio
0.59%
Assets (AUM)
$1.9B
Holdings
41
NAV
$68.60
Avg. volume
—
1-year price change
-4.33%
5-year price change
+24.84%
Price change excludes dividends.
Top 10 holdings
PHO holds 41 securities in total. These 10 are 57.4% of the fund.
Where the money is invested
Sectors
Countries
How to buy PHO from India
Indian residents can buy PHO units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search PHO and buy
Find the fund by its ticker, PHO, on NASDAQ, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in PHO from India
Trading and taxes when buying PHO from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the PHO price today?
Invesco Water Resources ETF (PHO) last traded at $68.31 on NASDAQ, as of 29 Sep 2026, 4:00 PM ET. That is ₹6,562 a unit at the 29 Sep 2026 USD/INR rate.
When does PHO trade, in Indian time?
NASDAQ trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is PHO, and what does it cost to hold?
Invesco Water Resources ETF manages about $1.9B. Its expense ratio is 0.59% a year, deducted inside the fund. It launched in 2005.
What are PHO's largest holdings?
The top three are Ferguson Enterprises Inc (8.4%), Ecolab Inc (8.2%) and Waters Corp (7.5%). PHO's 10 largest positions make up 57.4% of the fund.
Does PHO pay dividends?
Yes. PHO is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on PHO taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of PHO?
Yes. You can buy PHO by amount rather than by whole unit, and there is no minimum trade size.
How has PHO performed?
PHO's price is down 4.3% over the past year and up 24.8% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.