# Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD (PAUX)

**Page:** https://fundology.uk/fund/paux · ISIN IE000RLUE8E9

## 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 13/11/2026, PAUX (Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD, ISIN IE000RLUE8E9) closed at £5.30 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the three years to 13/11/2026 its total return was +50.8%, or +36.2% after UK CPIH inflation.

## Summary

Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2021. It tracks the MSCI USA ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.09% a year — about £9 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: **£5.30** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | PAUX |
| ISIN | IE000RLUE8E9 |
| Also listed as | PAUS (London Stock Exchange, US dollars) |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | Invesco |
| Tracks | MSCI USA ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.09% a year (£9 per £10,000) |
| Fund size | £46.5m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 06/12/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +7.68% | +3.87% | income reinvested |
| 3 years | +50.77% | +36.21% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −13.5%, 2023 +19.2%, 2024 +22.7%, 2025 +0.5%; 2026 to 13/11/2026 +12.5%. Returns of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +13.1%; to 30/09/2025: +12.3%; to 30/09/2024: +23.9%; to 30/09/2023: +8.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.5% | -20.8% | Price |
| 2023 | +19.2% | +14.4% | Price |
| 2024 | +22.7% | +18.5% | Price |
| 2025 | +0.5% | -2.9% | Price |
| 2026 to 13/11/2026 | +12.5% | +8.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 15.02% | -13.11% |
| 3 years | 14.85% | -19.65% |

## Largest fall

Volatility of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 15.0% over 1 year, 14.9% over 3 years. Largest fall in the price of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD since December 2021, in pounds: −21.3% from 10/12/2021 to 17/06/2022. The lowest 12-month return of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since December 2021 was −13.5% (12 months to 30/12/2022); the highest was +35.1% (12 months to 25/10/2024). On 13/11/2026 the price of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD was 5.7% below its highest weekly close since December 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Invesco MSCI USA ESG Climate Paris Aligned UCITS ETF AccumUSD 0.09% a year. Compared on 14/11/2026, 175 of the 177 other sustainable and clean-energy funds charge more, 0 the same and 2 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.09%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 12/11/2026, PAUX holds 79 positions, according to its published holdings. The largest is NVIDIA at 8.57% of the fund; the ten largest make up 50.9%.

### Top holdings

Largest positions (as of 12/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 8.57% |
| 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 7.79% |
| 3 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 6.75% |
| 4 | Mastercard | [MA](https://fundology.uk/stock/MA) | 5.71% |
| 5 | Visa · Class A | [V](https://fundology.uk/stock/V) | 4.97% |
| 6 | Marvell Technology | [MRVL](https://fundology.uk/stock/MRVL) | 3.72% |
| 7 | Prologis | [PLD](https://fundology.uk/stock/PLD) | 3.58% |
| 8 | Analog Devices | [ADI](https://fundology.uk/stock/ADI) | 3.34% |
| 9 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 3.31% |
| 10 | Danaher | [DHR](https://fundology.uk/stock/DHR) | 3.20% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

Added up from the fund’s published holdings, as of 05/11/2026.

| Country | Weight |
|---|---|
| United States | 96.8% |
| Switzerland | 1.8% |
| United Kingdom | 0.9% |
| Ireland | 0.5% |

All 79 holdings: https://fundology.uk/fund/paux/holdings

## Questions people ask

**What is the ongoing charge of PAUX?**

The ongoing charge of PAUX is 0.09% a year — about £9 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 USA ESG Climate Paris Aligned UCITS ETF AccumUSD 0.09% a year. Compared on 14/11/2026, 175 of the 177 other sustainable and clean-energy funds charge more, 0 the same and 2 less (share classes counted once).

**What does PAUX track?**

PAUX tracks the MSCI USA ESG Climate Paris Aligned Benchmark Select Index - Benchmark TR Net.

**Is PAUX accumulating or distributing?**

PAUX 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 PAUX?**

The ISIN of PAUX is IE000RLUE8E9. An ISIN identifies one exact share class of a fund; PAUX is its ticker on the London Stock Exchange. The same share class is also listed as PAUS (London Stock Exchange, US dollars).

**What does PAUX hold?**

As of 12/11/2026, PAUX holds 79 positions, according to its published holdings. The largest is NVIDIA at 8.57% of the fund; the ten largest make up 50.9%. Its ten largest holdings are NVIDIA (8.57%), Microsoft (7.79%), Advanced Micro Devices (6.75%), Mastercard (5.71%), Visa · Class A (4.97%), Marvell Technology (3.72%), Prologis (3.58%), Analog Devices (3.34%), Apple (3.31%) and Danaher (3.20%).

**What were PAUX’s returns in each of the last five years?**

Calendar-year returns of PAUX in pounds (price, with income reinvested in the fund): 2022 −13.5%, 2023 +19.2%, 2024 +22.7%, 2025 +0.5%; 2026 to 13/11/2026 +12.5%. Past performance is not a guide to future returns.

**How has PAUX done after inflation?**

Over the three years to 13/11/2026 PAUX’s total return was +50.8%, or +36.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.