PIO
Invesco Global Water ETF
Invesco Global Water Portfolio seeks investment results that correspond to the price and yield of the Palisades Global Water Index, a modified equal-weighted index that tracks global companies.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
256.9 M
ASSETS UNDER MGMT
75 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2007 |
| Assets (mns) | $257 |
| Expense ratio | 75 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Committee |
| Weighting | Liquidity |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PENTAIR PLC | 10.0 % |
| ECOLAB INC | 8.2 % |
| ROPER TECHNOLOGIES, INC. | 8.1 % |
| CIA SANEAMENTO BASICO DE SP | 7.3 % |
| EBARA CORP | 4.8 % |
| VEOLIA ENVIRONNEMENT | 4.7 % |
| GEBERIT AG-REG | 3.9 % |
| WATERS CORP | 3.8 % |
| VERALTO CORPORATION | 3.6 % |
| XYLEM INC | 3.6 % |
Constituent Breakdown
| Number of holdings | 37 |
| Herfindahl-Hirschman Index | 480 |
| Wgt avg mkt cap (mns) | $20,658 |
| Large cap (>$10bn) | 63.7% |
| Mid cap ($2-10bn) | 25.0% |
| Small cap (<$2bn) | 7.5% |
| Developed mkts. | 90.9% |
| Emerging mkts. | 9.1% |
Country Exposure
 |
UNITED STATES | 40.1 % |
 |
BRITAIN | 21.2 % |
 |
JAPAN | 13.5 % |
 |
BRAZIL | 7.3 % |
 |
SWITZERLAND | 6.1 % |
 |
FRANCE | 4.7 % |
 |
NETHERLANDS | 2.1 % |
 |
CANADA | 2.1 % |
 |
SOUTH KOREA | 0.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 5.9% | 14.7% | 12.4% | 1.5% | 8.2% | 7.3% | 4.2% | Volatility | 15.4% | 15.5% | 16.6% | 18.9% | 21.2% | 18.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.10 | 79% |
| MSCI EAFE | 1.15 | 84% |
| MSCI Emg Mkts | 0.86 | 47% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.37% |
| ADV of underlying (mns) | $2,015 |
Technical Indicators
| Recent close | $39.28 |
| 30d moving avg. | $41.35 |
| Annualized volatility | 21.8% |
| Relative strength (RSI) | 43 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. PIO |
Expenses vs. PIO |
ALTAR Score™ vs. PIO |
|---|---|---|---|---|
| CGW | Invesco S&P Global Water Index ETF | 45.8% | -18 bp | -0.8% |
| PHO | Invesco Water Resources ETF | 45.1% | -15 bp | -0.7% |
| AQWA | Global X Clean Water ETF | 42.9% | -25 bp | -0.9% |
| FIW | First Trust Water ETF | 35.7% | -22 bp | -0.6% |
| EBLU | Ecofin Global Water ESG Fund | 33.4% | -35 bp | -0.4% |
| EFRA | iShares Environmental Infrastructure and Industrials ETF | 33.3% | -28 bp | 0.0% |
| IWTR | iShares MSCI Water Management Multisector ETF | 17.7% | -28 bp | -0.1% |
| AHOY | Newday Ocean Health ETF | 13.7% | 0 bp | +1.0% |
| EVX | VanEck Environmental Services ETF | 11.8% | -20 bp | -1.8% |
| SIMS | SPDR S&P Kensho Intelligent Structures ETF | 11.7% | -30 bp | -12.5% |
Risk and Returns: PIO 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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
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
PIO
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 Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
PIO
5.4%
Cat. Avg
4.2%
ALTAR Score™ Calculation
Category Overview
There are 374 funds in the Global Equity category, with an average ALTAR Score™
of 4.2% and a standard deviation of
4.8%. PIO's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places PIO in the 60th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PIOSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| PIO (75 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PIO | 75.0 | 37.0 | 112 |
| Peer Avg. | 57.0 | 39.6 | 96.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .