Verdicts genuinely change. Free email alert the moment PHO's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Invesco Water Resources ETF ETF · Invesco Exchange-Traded Fund Trust
43 holdings · as of 2026-07-31 (2.5 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 107% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 22.42% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 39 matched (92% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.34% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (35 of 43 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
71.4% compliant 0.0% questionable 20.9% non-compliant 7.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ROP Roper Technologies, Inc. | NON_COMPLIANT | 9.12% | AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2% |
| ECL Ecolab Inc. | COMPLIANT | 8.21% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| FERG Ferguson Enterprises Inc. | UNRATED | 6.89% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| WAT Waters Corp. | COMPLIANT | 6.74% | AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7% |
| IDXX IDEXX Laboratories, Inc. | COMPLIANT | 6.47% | AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1% |
| Invesco Private Prime Fund | UNSCREENED | 5.36% | no in-house ratios for this holding |
| VLTO Veralto Corp. | COMPLIANT | 4.34% | AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8% |
| AWK American Water Works Co., Inc. | NON_COMPLIANT | 4.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| XYL Xylem Inc. | COMPLIANT | 4.04% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| A Agilent Technologies, Inc. | COMPLIANT | 3.87% | AAOIFI9.3% Usmani28.3% Dow Jones Islamic10.8% S&P Shariah10.7% MSCI Islamic28.3% MSCI Islamic M-Series10.7% FTSE Shariah28.3% |
| IEX IDEX Corp. | COMPLIANT | 3.67% | AAOIFI11.3% Usmani27.2% Dow Jones Islamic13.0% S&P Shariah12.7% MSCI Islamic27.2% MSCI Islamic M-Series12.7% FTSE Shariah26.8% |
| J Jacobs Solutions Inc. | COMPLIANT | 3.35% | AAOIFI23.7% Usmani34.5% Dow Jones Islamic24.8% S&P Shariah24.5% MSCI Islamic34.5% MSCI Islamic M-Series24.5% FTSE Shariah30.5% |
| PNR Pentair PLC | COMPLIANT | 3.16% | AAOIFI19.0% Usmani25.1% Dow Jones Islamic11.6% S&P Shariah12.5% MSCI Islamic25.1% MSCI Islamic M-Series12.5% FTSE Shariah23.2% |
| ACM AECOM | NON_COMPLIANT | 3.00% | AAOIFI38.2% Usmani27.8% Dow Jones Islamic25.1% S&P Shariah25.9% MSCI Islamic27.2% MSCI Islamic M-Series25.9% FTSE Shariah22.1% |
| TRMB Trimble Inc. | COMPLIANT | 2.89% | AAOIFI10.6% Usmani17.1% Dow Jones Islamic8.8% S&P Shariah9.4% MSCI Islamic17.1% MSCI Islamic M-Series9.4% FTSE Shariah17.1% |
| WMS Advanced Drainage Systems, Inc. | COMPLIANT | 2.84% | AAOIFI16.0% Usmani40.8% Dow Jones Islamic16.1% S&P Shariah15.7% MSCI Islamic37.4% MSCI Islamic M-Series15.7% FTSE Shariah35.8% |
| TTEK Tetra Tech, Inc. | COMPLIANT | 2.47% | AAOIFI11.2% Usmani23.3% Dow Jones Islamic11.0% S&P Shariah10.9% MSCI Islamic23.3% MSCI Islamic M-Series10.9% FTSE Shariah18.3% |
| CNM Core & Main, Inc. | NON_COMPLIANT | 2.41% | AAOIFI33.9% Usmani41.0% Dow Jones Islamic27.6% S&P Shariah28.8% MSCI Islamic41.0% MSCI Islamic M-Series28.8% FTSE Shariah36.5% |
| AOS A.O. Smith Corp. | COMPLIANT | 2.34% | AAOIFI8.5% Usmani18.6% Dow Jones Islamic13.3% S&P Shariah12.8% MSCI Islamic18.6% MSCI Islamic M-Series12.8% FTSE Shariah17.5% |
| BSY Bentley Systems, Inc. | COMPLIANT | 2.28% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ITRI Itron, Inc. | NON_COMPLIANT | 2.06% | AAOIFI38.7% Usmani41.0% Dow Jones Islamic34.3% S&P Shariah36.7% MSCI Islamic41.0% MSCI Islamic M-Series36.7% FTSE Shariah40.3% |
| MLI Mueller Industries, Inc. | COMPLIANT | 1.95% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.1% |
| Invesco Private Government Fund | UNSCREENED | 1.90% | no in-house ratios for this holding |
| VMI Valmont Industries, Inc. | COMPLIANT | 1.89% | AAOIFI9.4% Usmani25.2% Dow Jones Islamic11.5% S&P Shariah13.0% MSCI Islamic25.2% MSCI Islamic M-Series13.0% FTSE Shariah21.1% |
| WTS Watts Water Technologies, Inc. | COMPLIANT | 1.87% | AAOIFI0.9% Usmani3.7% Dow Jones Islamic1.2% S&P Shariah1.4% MSCI Islamic3.7% MSCI Islamic M-Series1.4% FTSE Shariah3.7% |
| BMI Badger Meter, Inc. | COMPLIANT | 1.82% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ZWS Zurn Elkay Water Solutions Corp. | COMPLIANT | 1.18% | AAOIFI6.6% Usmani21.3% Dow Jones Islamic7.8% S&P Shariah8.6% MSCI Islamic20.6% MSCI Islamic M-Series8.6% FTSE Shariah18.6% |
| Cia de Saneamento Basico do Estado de Sao Paulo | UNSCREENED | 0.90% | no in-house ratios for this holding |
| HTO H2O America | NON_COMPLIANT | 0.84% | AAOIFI69.6% Usmani35.0% Dow Jones Islamic99.4% S&P Shariah101.6% MSCI Islamic35.0% MSCI Islamic M-Series101.6% FTSE Shariah35.0% |
| MWA Mueller Water Products, Inc. | COMPLIANT | 0.70% | AAOIFI12.2% Usmani23.2% Dow Jones Islamic11.6% S&P Shariah13.3% MSCI Islamic23.2% MSCI Islamic M-Series13.3% FTSE Shariah23.2% |
| FELE Franklin Electric Co., Inc. | COMPLIANT | 0.66% | AAOIFI6.6% Usmani14.6% Dow Jones Islamic6.7% S&P Shariah6.7% MSCI Islamic14.6% MSCI Islamic M-Series6.7% FTSE Shariah11.2% |
| STN Stantec Inc. | COMPLIANT | 0.62% | AAOIFI16.0% Usmani22.9% Dow Jones Islamic13.0% S&P Shariah13.7% MSCI Islamic22.9% MSCI Islamic M-Series13.7% FTSE Shariah22.9% |
| AWR American States Water Co. | COMPLIANT | 0.58% | AAOIFI22.1% Usmani26.1% Dow Jones Islamic24.7% S&P Shariah25.5% MSCI Islamic26.1% MSCI Islamic M-Series25.5% FTSE Shariah25.9% |
| CWT California Water Service Group | NON_COMPLIANT | 0.56% | AAOIFI47.6% Usmani24.7% Dow Jones Islamic53.9% S&P Shariah54.3% MSCI Islamic24.7% MSCI Islamic M-Series54.3% FTSE Shariah24.7% |
| HWKN Hawkins, Inc. | COMPLIANT | 0.47% | AAOIFI9.7% Usmani25.9% Dow Jones Islamic9.0% S&P Shariah10.6% MSCI Islamic25.9% MSCI Islamic M-Series10.6% FTSE Shariah24.2% |
| LNN Lindsay Corp. | COMPLIANT | 0.45% | AAOIFI11.0% Usmani16.8% Dow Jones Islamic10.4% S&P Shariah10.5% MSCI Islamic16.8% MSCI Islamic M-Series10.5% FTSE Shariah14.0% |
| NWPX NWPX Infrastructure, Inc. | COMPLIANT | 0.29% | AAOIFI9.8% Usmani15.4% Dow Jones Islamic15.8% S&P Shariah18.9% MSCI Islamic15.4% MSCI Islamic M-Series18.9% FTSE Shariah1.5% |
| GRC Gorman-Rupp Co. (The) | COMPLIANT | 0.27% | AAOIFI13.8% Usmani31.7% Dow Jones Islamic20.9% S&P Shariah23.5% MSCI Islamic31.7% MSCI Islamic M-Series23.5% FTSE Shariah31.7% |
| ERII Energy Recovery, Inc. | COMPLIANT | 0.25% | AAOIFI2.1% Usmani4.2% Dow Jones Islamic1.1% S&P Shariah1.0% MSCI Islamic4.2% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| MSEX Middlesex Water Co. | NON_COMPLIANT | 0.19% | AAOIFI36.9% Usmani28.4% Dow Jones Islamic40.9% S&P Shariah40.9% MSCI Islamic28.4% MSCI Islamic M-Series40.9% FTSE Shariah28.3% |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.13% | no in-house ratios for this holding |
| YORW York Water Co. (The) | NON_COMPLIANT | 0.11% | AAOIFI37.9% Usmani26.9% Dow Jones Islamic40.6% S&P Shariah39.6% MSCI Islamic26.9% MSCI Islamic M-Series39.6% FTSE Shariah26.9% |
| CWCO Consolidated Water Co. Ltd. | COMPLIANT | 0.10% | AAOIFI0.6% Usmani1.1% Dow Jones Islamic0.6% S&P Shariah0.6% MSCI Islamic1.1% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
The published standards disagree about this fund by 22 points of portfolio weight — 77.8% of it passes Dow Jones Islamic, 56.1% passes MSCI Islamic. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 72.4% ratios fail on 9.2% 25.7% not rated under AAOIFI
ratios pass on 57.3% ratios fail on 33.3% 16.8% not rated under Usmani
ratios pass on 77.8% ratios fail on 3.8% 25.7% not rated under Dow Jones Islamic
ratios pass on 77.8% ratios fail on 3.8% 25.7% not rated under S&P Shariah
ratios pass on 56.1% ratios fail on 34.4% 16.8% not rated under MSCI Islamic
ratios pass on 77.8% ratios fail on 3.8% 25.7% not rated under MSCI Islamic M-Series
ratios pass on 60.7% ratios fail on 23.0% 23.7% not rated under FTSE Shariah
39 of 43 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco Water Resources ETF (PHO) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Computing the full ratio and business-activity breakdown for PHO — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 51.90 | NEUTRAL |
| Stochastic %K (14) | 80.97 | SELL |
| CCI (20) | 119.03 | SELL |
| Williams %R (14) | -19.03 | SELL |
| MACD (12,26,9) | 0.16 | BUY |
| ROC (10) | 1.11 | BUY |
| Momentum (10) | 0.76 | BUY |
| EMA (10) | 68.58 | BUY |
| SMA (10) | 68.41 | BUY |
| EMA (20) | 68.70 | BUY |
| SMA (20) | 68.43 | BUY |
| EMA (30) | 68.93 | BUY |
| SMA (30) | 68.74 | BUY |
| EMA (50) | 69.17 | SELL |
| SMA (50) | 70.11 | SELL |
| EMA (100) | 69.23 | SELL |
| SMA (100) | 68.94 | BUY |
| EMA (200) | 69.82 | SELL |
| SMA (200) | 69.39 | SELL |
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index seeks to track the performance of companies that create products designed to conserve and purify water for homes, businesses and industries. The underlying index is designed to track the performance of U.S. exchange-listed companies that create products that conserve and purify water for homes, businesses, and industries. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | RANGING | 41 |
| ⏰ 4H | RANGING | 26 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | RANGING | 234 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.