Investment objective & strategy
As of Aug. 27, 2025 · prospectusObjective. The Invesco Water Resources ETF (the Fund) seeks to track the investment results (before fees and expenses) of the Nasdaq OMX US Water TM Index (the Underlying Index).
Strategy. The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. (Nasdaq or the Index Provider) compiles the Underlying Index, which seeks to track the performance of companies that are listed on the New York Stock Exchange (NYSE), NYSE American, Cboe Exchange (Cboe) or The Nasdaq Stock Market, that create products designed to conserve and purify water for homes, businesses and industries. The Underlying Index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. As of June 30, 2025, the Underlying Index was comprised of 36 constituents with market capitalizations ranging from $405.1 … The Fund generally will invest at least 90% of its total assets in securities that comprise the Underlying Index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. (Nasdaq or the Index Provider) compiles the Underlying Index, which seeks to track the performance of companies that are listed on the New York Stock Exchange (NYSE), NYSE American, Cboe Exchange (Cboe) or The Nasdaq Stock Market, that create products designed to conserve and purify water for homes, businesses and industries. The Underlying Index may include common stocks, ordinary shares, American depositary receipts (ADRs), shares of beneficial interest and tracking stocks. As of June 30, 2025, the Underlying Index was comprised of 36 constituents with market capitalizations ranging from $405.1 million to $76.4 billion. The Fund employs a full replication methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index. The Fund is non-diversified and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the 1940 Act). Concentration Policy. The Fund will concentrate its investments (i.e., invest 25% or more of the value of its total assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of April 30, 2025, the Fund had significant exposure to the water industry and the industrials sector. The Funds portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ECOLAB INC | — | $175.26M | 8.17% |
| FERGUSON ENTERPRISES INC | — | $171.55M | 8.00% |
| AMERICAN WATER WRKS COMPANY | — | $149.18M | 6.96% |
| WATERS CORP | — | $148.63M | 6.93% |
| ROPER TECHNOLOGIES INC | — | $142.28M | 6.63% |
| IDEX CORPORATION | — | $97.61M | 4.55% |
| CORE & MAIN IN-A | — | $94.39M | 4.40% |
| PENTAIR PLC | — | $85.62M | 3.99% |
| ITRON INC | — | $85.55M | 3.99% |
| ADVANCED DRAINAGE SYSTEMS INC | — | $84.88M | 3.96% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| First Trust Water ETF · FIW | 64% | 0.51% |
| Tortoise Global Water Fund · TBLU | 53% | 0.40% |
| Virtus Duff & Phelps Water Fund · AWTAX, AWTCX, AWTIX | 46% | 0.93% |
Advisers
| Firm | Role |
|---|---|
| Invesco Capital Management LLC | Adviser |
Footnotes
- Expense ratio as of August 27, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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