ETF · Invesco
PAJS Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD
ISIN IE000I8IKC59London Stock Exchange: PAJSInvesco Ltd.
- Sustainable & clean energy
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£4.14
on
- Ongoing charge
- 0.16% a year
- Fund size
- £35.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, PAJS (Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD, ISIN IE000I8IKC59) closed at £4.14 on the London Stock Exchange. Its ongoing charge is 0.16% a year (about £16 on £10,000). Over the three years to 13/11/2026 its total return was +33.4%, or +20.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +3.5%
- −0.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +33.4%
- +20.5% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +8.7%, 2024 +1.6%, 2025 +12.4%; 2026 to 13/11/2026 +8.3%. Returns of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +10.5%; to 30/09/2025: +12.5%; to 30/09/2024: +7.8%; to 30/09/2023: +3.2%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.3% | +4.8% | |
| to | +12.4% | +8.5% | |
| to | +1.6% | −1.9% | |
| +8.7% | +4.3% | ||
| −13.7% | −21.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +10.5% | +6.6% |
| from | +12.5% | +8.2% |
| from | +7.8% | +5.1% |
| from | +3.2% | −2.9% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
16.3%over 3 years
| 1 year | 18.6% |
|---|---|
| 3 years | 16.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since December 2021
- −22.4%
- From to
- Lowest 12-month return
- −16.3%
- 12 months to
- Highest 12-month return
- +26.3%
- 12 months to
- Below its highest weekly close since December 2021
- 4.3%
- High of , latest
In words: Volatility of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD in pounds, annualised from weekly returns to 13/11/2026: 18.6% over 1 year, 16.3% over 3 years. Largest fall in the price of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD since December 2021, in pounds: −22.4% from 10/12/2021 to 17/06/2022. The lowest 12-month return of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD in pounds (price, with income reinvested in the fund) since December 2021 was −16.3% (12 months to 16/12/2022); the highest was +26.3% (12 months to 19/06/2026). On 13/11/2026 the price of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD was 4.3% below its highest weekly close since December 2021 (02/10/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.16%
- a year
- On £10,000
- £16
- a year, roughly
- Over five years
- £80
- of £10,000, before growth
- 16 charge less
- 3 the same
- 158 charge more
Ongoing charge of Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD 0.16% a year. Compared on 14/11/2026, 158 of the 177 other sustainable and clean-energy funds charge more, 3 the same and 16 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETF Accum- USD is an exchange-traded fund (ETF) from Invesco, launched in 2021.
It tracks the MSCI Japan ESG Climate Paris Aligned Benchmark Select Index - Benchmark Price Return — large and medium-sized Japanese companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.16% a year — about £16 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.
Sustainable & clean energy: Funds that screen companies on environmental, social or governance grounds, or focus on clean energy.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- PAJS
- ISIN
- IE000I8IKC59
- Also listed as
- PAJP (London Stock Exchange, US dollars), PAUJ (Xetra, euros)
- Provider
- Invesco
- Tracks
- MSCI Japan ESG Climate Paris Aligned Benchmark Select Index - Benchmark Price Return
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.16% a year · about £16 on £10,000
- Fund size
- £35.7m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Sustainable & clean energy
Price chart
Over the last year, the closing price went from £3.98 on 14/11/2025 to £4.14 on 13/11/2026 (+4.0%). The lowest close shown was £3.69 on 27/03/2026 and the highest £4.33 on 02/10/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
254 weekly closes, from 10/12/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 42
- on record
- Ten largest
- 47.3%
- of the whole fund
- Effective number of holdings
- 28
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 6.6%
- Advantest
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Advantest6857 | 6.57% |
| 2 | East Japan Railway9020 | 5.71% |
| 3 | Keyence6861 | 5.60% |
| 4 | Sumitomo Realty & Development8830 | 4.68% |
| 5 | Japan Exchange Group8697 | 4.53% |
| 6 | Fanuc6954 | 4.22% |
| 7 | Central Japan Railway9022 | 4.13% |
| 8 | Nintendo7974 | 4.12% |
| 9 | Tokio Marine8766 | 4.07% |
| 10 | Disco6146 | 3.66% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Information Technology27.1%
- Industrials17.4%
- Financials14.2%
- Health Care12.2%
- Communication Services10.3%
- Consumer Discretionary9.6%
- Real Estate9.3%
By type of asset
- Equity100.0%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 42 largest and what changed since .
All holdings
The fund publishes 42 holdings; the ten largest make up 47.3% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 202 rolling 12-month returns since December 2021, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since December 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 13/11/2026 (148 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of PAJS?
The ongoing charge of PAJS is 0.16% a year — about £16 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 Japan ESG Climate Paris Aligned UCITS ETF Accum- USD 0.16% a year. Compared on 14/11/2026, 158 of the 177 other sustainable and clean-energy funds charge more, 3 the same and 16 less (share classes counted once).
What does PAJS track?
PAJS tracks the MSCI Japan ESG Climate Paris Aligned Benchmark Select Index - Benchmark Price Return — large and medium-sized Japanese companies.
Is PAJS accumulating or distributing?
PAJS 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 PAJS?
The ISIN of PAJS is IE000I8IKC59. An ISIN identifies one exact share class of a fund; PAJS is its ticker on the London Stock Exchange. The same share class is also listed as PAJP (London Stock Exchange, US dollars) and PAUJ (Xetra, euros).
What does PAJS hold?
As of 12/11/2026, PAJS holds 42 positions, according to its published holdings. The largest is Advantest at 6.57% of the fund; the ten largest make up 47.3%. Its ten largest holdings are Advantest (6.57%), East Japan Railway (5.71%), Keyence (5.60%), Sumitomo Realty & Development (4.68%), Japan Exchange Group (4.53%), Fanuc (4.22%), Central Japan Railway (4.13%), Nintendo (4.12%), Tokio Marine (4.07%) and Disco (3.66%).
What were PAJS’s returns in each of the last five years?
Calendar-year returns of PAJS in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +8.7%, 2024 +1.6%, 2025 +12.4%; 2026 to 13/11/2026 +8.3%. Past performance is not a guide to future returns.
How has PAJS done after inflation?
Over the three years to 13/11/2026 PAJS’s total return was +33.4%, or +20.5% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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