PIOETF / FundInvesco Global Water ETF
Verdicts genuinely change. Free email alert the moment PIO'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 Global Water ETF ETF · Invesco Exchange-Traded Fund Trust II
43 holdings · as of 2026-07-31 (3.2 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
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 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 9.21% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 34 matched (79% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
0.49% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (33 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.
70.4% compliant 0.0% questionable 8.8% non-compliant 20.9% unscreened
All holdings (43)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ROP Roper Technologies, Inc. | COMPLIANT | 9.41% | 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 | 8.47% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| PNR Pentair PLC | COMPLIANT | 7.22% | AAOIFI19.0% Usmani25.1% Dow Jones Islamic11.6% S&P Shariah12.5% MSCI Islamic25.1% MSCI Islamic M-Series12.5% FTSE Shariah23.2% |
| Cia de Saneamento Basico do Estado de Sao Paulo - SABESP | UNSCREENED | 6.54% | no in-house ratios for this holding |
| 6361.T Ebara Corp. | COMPLIANT | 6.48% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FERG Ferguson Enterprises Inc. | UNRATED | 4.05% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| GBERY Geberit AG | COMPLIANT | 3.91% | AAOIFI7.9% Usmani36.6% Dow Jones Islamic74.7% S&P Shariah80.0% MSCI Islamic35.1% MSCI Islamic M-Series80.0% FTSE Shariah35.1% |
| IDXX IDEXX Laboratories, Inc. | COMPLIANT | 3.87% | 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 | 3.86% | no in-house ratios for this holding |
| WAT Waters Corp. | COMPLIANT | 3.84% | AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7% |
| Veolia Environnement S.A. | UNSCREENED | 3.83% | no in-house ratios for this holding |
| Cia de Saneamento de Minas Gerais COPASA MG | UNSCREENED | 3.71% | no in-house ratios for this holding |
| XYL Xylem Inc. | COMPLIANT | 2.91% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| AWK American Water Works Co., Inc. | NON_COMPLIANT | 2.87% | AAOIFI58.8% Usmani42.8% Dow Jones Islamic60.7% S&P Shariah62.1% MSCI Islamic42.8% MSCI Islamic M-Series62.1% FTSE Shariah42.6% |
| A Agilent Technologies, Inc. | COMPLIANT | 2.84% | AAOIFI9.3% Usmani28.3% Dow Jones Islamic10.8% S&P Shariah10.7% MSCI Islamic28.3% MSCI Islamic M-Series10.7% FTSE Shariah28.3% |
| STN Stantec Inc. | COMPLIANT | 2.36% | AAOIFI16.0% Usmani22.9% Dow Jones Islamic13.0% S&P Shariah13.7% MSCI Islamic22.9% MSCI Islamic M-Series13.7% FTSE Shariah22.9% |
| HLMA.L Halma PLC | COMPLIANT | 2.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| UU.L United Utilities Group PLC | NON_COMPLIANT | 2.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VLTO Veralto Corp. | COMPLIANT | 2.22% | AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8% |
| G1A.DE GEA Group AG | COMPLIANT | 2.03% | AAOIFI2.3% Usmani8.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.1% MSCI Islamic M-Seriespass FTSE Shariah4.1% |
| BEAN.SW Belimo Holding AG | COMPLIANT | 1.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SVT.L Severn Trent PLC | NON_COMPLIANT | 1.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6370.T Kurita Water Industries Ltd. | COMPLIANT | 1.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| IEX IDEX Corp. | COMPLIANT | 1.78% | AAOIFI11.3% Usmani27.2% Dow Jones Islamic13.0% S&P Shariah12.7% MSCI Islamic27.2% MSCI Islamic M-Series12.7% FTSE Shariah26.8% |
| COWAY Co., Ltd. | UNSCREENED | 1.74% | no in-house ratios for this holding |
| 6368.T Organo Corp. | COMPLIANT | 1.63% | AAOIFI6.0% Usmani15.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.3% MSCI Islamic M-Seriespass FTSE Shariah15.3% |
| GF.SW Georg Fischer AG | NON_COMPLIANT | 1.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Invesco Private Government Fund | UNSCREENED | 1.49% | no in-house ratios for this holding |
| JINDALSAW.NS Jindal Saw Ltd. | COMPLIANT | 1.08% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ASTRAL.NS Astral Ltd. | COMPLIANT | 0.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SUN.SW Sulzer AG | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Arcadis N.V. | UNSCREENED | 0.67% | no in-house ratios for this holding |
| 6005.T Miura Co., Ltd. | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| WABAG.NS VA Tech Wabag Ltd. | COMPLIANT | 0.56% | AAOIFI1.8% Usmani3.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.7% MSCI Islamic M-Seriespass FTSE Shariah3.7% |
| GEN.L Genuit Group PLC | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CWCO Consolidated Water Co. Ltd. | COMPLIANT | 0.34% | AAOIFI0.6% Usmani1.1% Dow Jones Islamic0.6% S&P Shariah0.6% MSCI Islamic1.1% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| 6498.T Kitz Corp. | COMPLIANT | 0.31% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 9551.T Metawater Co., Ltd. | COMPLIANT | 0.21% | AAOIFI29.7% Usmani18.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.0% MSCI Islamic M-Seriesfail FTSE Shariah18.0% |
| AGUAS-A.SN Aguas Andinas S.A. | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Manila Water Co., Inc. | UNSCREENED | 0.09% | no in-house ratios for this holding |
| 6328.T Ebara Jitsugyo Co., Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.03% | no in-house ratios for this holding |
| KSB3.DE KSB SE & Co. KGaA | COMPLIANT | 0.02% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
The published standards disagree about this fund by 19 points of portfolio weight — 69.7% of it passes AAOIFI, 50.4% 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 69.7% ratios fail on 9.2% 26.3% not rated under AAOIFI
ratios pass on 53.9% ratios fail on 29.4% 22.0% not rated under Usmani
ratios pass on 64.8% ratios fail on 14.1% 26.3% not rated under Dow Jones Islamic
ratios pass on 64.9% ratios fail on 14.0% 26.3% not rated under S&P Shariah
ratios pass on 50.4% ratios fail on 32.9% 22.0% not rated under MSCI Islamic
ratios pass on 64.8% ratios fail on 14.1% 26.3% not rated under MSCI Islamic M-Series
ratios pass on 53.1% ratios fail on 26.2% 26.0% not rated under FTSE Shariah
34 of 43 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 18 (61% 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.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco Global Water ETF (PIO) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for PIO — 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.
Price Forecast
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.
Technical Summary
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 58.50 | NEUTRAL |
| Stochastic %K (14) | 81.11 | SELL |
| CCI (20) | 200.89 | SELL |
| Williams %R (14) | -18.89 | SELL |
| MACD (12,26,9) | 0.14 | BUY |
| ROC (10) | 1.75 | BUY |
| Momentum (10) | 0.78 | BUY |
| EMA (10) | 44.74 | BUY |
| SMA (10) | 44.46 | BUY |
| EMA (20) | 44.46 | BUY |
| SMA (20) | 44.44 | BUY |
| EMA (30) | 44.33 | BUY |
| SMA (30) | 44.16 | BUY |
| EMA (50) | 44.27 | BUY |
| SMA (50) | 43.97 | BUY |
| EMA (100) | 44.36 | BUY |
| SMA (100) | 44.46 | BUY |
| EMA (200) | 44.56 | BUY |
| SMA (200) | 44.79 | BUY |
About Invesco Global Water ETF
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as ADRs and GDRs that are based on the securities in the underlying index. The underlying index is designed to track the performance of companies that create products that conserve and purify water for homes, businesses, and industries, as determined by SustainableBusiness.com LLC, a third-party service provider. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
SMC — Top Down
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 | BULLISH | 42 |
| 🕐 1H | BULLISH | 21 |
| ⏱ 15-Min | BULLISH | 86 |
| ⏲ 5-Min | BULLISH | 234 |
Momentum & Volume
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.
Peer Movement
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.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
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.
What does unrated weight mean?
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.
Does the issuer's board make it compliant?
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.
How often is this re-screened?
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.
Compare with
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 Activity (90d)
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
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
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 2026-10-27 · Asset managers net 923449 (+22072)
AI Summary
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.