# Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Accum- USD (PAEX) **Source:** https://fundology.uk/fund/paex · ISIN IE000PJL7R74 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Invesco), ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 01/10/2026, PAEX (Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Accum- USD, ISIN IE000PJL7R74) closed at £4.64 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the three years to 01/10/2026 its total return was +41.3%, or +27.5% after UK CPIH inflation. ## Summary Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Accum- USD is an exchange-traded fund (ETF) from Invesco, launched in 2022. It tracks the MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. Latest close: **£4.64** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PAEX | | ISIN | IE000PJL7R74 | | Category | Sustainable & clean energy | | Type | ETF | | Provider | Invesco | | Tracks | MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £92.2m | | Launched | 2022 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +22.63% | +18.78% | income reinvested | | 3 years | +41.31% | +27.51% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Accum- USD 0.19% a year, as of 02/10/2026: 127 of the 163 other sustainable and clean-energy funds charge more, 6 the same and 30 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 30/09/2026, PAEX holds 250 positions, according to the holdings Invesco publishes. The largest is Taiwan Semiconductor Manufac TWD10 at 18.46% of the fund; the ten largest make up 37.6%. ### Top holdings Largest positions (as of 30/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Taiwan Semiconductor Manufac TWD10 | — | 18.46% | | 2 | Sk Hynix Inc KRW5000 | — | 7.07% | | 3 | Mediatek Inc TWD10 | — | 2.94% | | 4 | Delta Electronics Inc TWD10 | — | 2.07% | | 5 | Aspeed Technology Inc TWD10 | — | 1.42% | | 6 | Al Rajhi Bank SAR10 | — | 1.27% | | 7 | King Slide Works | [2059](https://fundology.uk/stock/2059) | 1.25% | | 8 | Tencent | [700](https://fundology.uk/stock/700) | 1.13% | | 9 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 1.05% | | 10 | TS Financial | [2887](https://fundology.uk/stock/2887) | 0.97% | Source: Invesco, holdings as published, as of 30/09/2026. ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector As published by Invesco, as of 30/09/2026. | Sector | Weight | |---|---| | Information Technology | 44.2% | | Financials | 19.9% | | Industrials | 8.3% | | Health Care | 6.5% | | Real Estate | 5.8% | | Communication Services | 4.7% | | Consumer Discretionary | 4.6% | | Consumer Staples | 3.3% | | Other sectors | 2.7% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | Taiwan | 32.9% | | China | 17.3% | | South Korea | 14.3% | | India | 12.4% | | Brazil | 3.7% | | Mexico | 2.8% | | South Africa | 2.8% | | Poland | 2.5% | | Other countries | 11.3% | ### By type of asset Added up from the holdings Invesco publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Equity | 99.9% | | Cash and money market | 0.1% | All 250 holdings: https://fundology.uk/fund/paex/holdings ## Questions people ask **What is the ongoing charge of PAEX?** The ongoing charge of PAEX is 0.19% a year — about £19 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Accum- USD 0.19% a year, as of 02/10/2026: 127 of the 163 other sustainable and clean-energy funds charge more, 6 the same and 30 less (share classes counted once). **What does PAEX track?** PAEX tracks the MSCI Emerging Markets ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. **Is PAEX accumulating or distributing?** PAEX is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. **What is the ISIN of PAEX?** The ISIN of PAEX is IE000PJL7R74. An ISIN identifies one exact share class of a fund; PAEX is its ticker on the London Stock Exchange. **What does PAEX hold?** As of 30/09/2026, PAEX holds 250 positions, according to the holdings Invesco publishes. The largest is Taiwan Semiconductor Manufac TWD10 at 18.46% of the fund; the ten largest make up 37.6%. Its ten largest holdings are Taiwan Semiconductor Manufac TWD10 (18.46%), Sk Hynix Inc KRW5000 (7.07%), Mediatek Inc TWD10 (2.94%), Delta Electronics Inc TWD10 (2.07%), Aspeed Technology Inc TWD10 (1.42%), Al Rajhi Bank SAR10 (1.27%), King Slide Works (1.25%), Tencent (1.13%), Delta Electronics (1.05%) and TS Financial (0.97%). **How has PAEX done after inflation?** Over the three years to 01/10/2026 PAEX’s total return was +41.3%, or +27.5% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.