# Invesco MDAX UCITS ETF (PEAM) **Page:** https://fundology.uk/fund/peam · ISIN IE00BHJYDV33 ## 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, PEAM (Invesco MDAX UCITS ETF, ISIN IE00BHJYDV33) closed at £42.24 on the London Stock Exchange. Its ongoing charge is 0.19% a year (about £19 on £10,000). Over the five years to 13/11/2026 its total return was −18.0%, or −36.0% after UK CPIH inflation. ## Summary Invesco MDAX UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2019. It tracks the Germany MDAX. 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: **£42.24** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PEAM | | ISIN | IE00BHJYDV33 | | Also listed as | DEAM (London Stock Exchange, US dollars) | | Category | European shares | | Type | ETF | | Provider | Invesco | | Tracks | Germany MDAX | | Income | Accumulating | | Ongoing charge | 0.19% a year (£19 per £10,000) | | Fund size | £527m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 11/02/2019 | ## 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 | -1.62% | -5.11% | income reinvested | | 3 years | +11.39% | +0.64% | income reinvested | | 5 years | -17.97% | -35.97% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Invesco MDAX UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −5.2%. Returns of Invesco MDAX UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | -5.2% | -8.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 20.09% | -13.89% | ## Largest fall Volatility of Invesco MDAX UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 20.1% over 1 year. Largest fall in the price of Invesco MDAX UCITS ETF since April 2025, in pounds: −13.9% from 09/01/2026 to 27/03/2026. On 13/11/2026 the price of Invesco MDAX UCITS ETF was 11.4% below its highest weekly close since April 2025 (29/05/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco MDAX UCITS ETF 0.19% a year. Compared on 14/11/2026, 149 of the 242 other European share funds charge more, 6 the same and 87 less (share classes counted once). ## Funds tracking the same index 3 funds track Germany MDAX, this one included and share classes counted once; their ongoing charges range from 0.19% to 0.51% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Deka MDAX UCITS ETF | 0.30% | +0.2% | +15.3% | -17.7% | | Invesco MDAX UCITS ETF (this fund) | 0.19% | -1.6% | +11.4% | -18.0% | | iShares MDAX UCITS ETF (DE) | 0.51% | -1.9% | +10.3% | -18.7% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.19%** per year - 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, PEAM holds 51 positions, according to its published holdings. The largest is Deutsche Lufthansa at 5.67% of the fund; the ten largest make up 40.8%. ### Top holdings Largest positions (as of 12/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Deutsche Lufthansa | [LHA](https://fundology.uk/stock/LHA) | 5.67% | | 2 | Talanx | [TLX](https://fundology.uk/stock/TLX) | 5.34% | | 3 | Sartorius Ag-Vorzug EUR Npv Pfd | — | 4.85% | | 4 | Knorr-Bremse | [KBX](https://fundology.uk/stock/KBX) | 4.38% | | 5 | thyssenkrupp | [TKA](https://fundology.uk/stock/TKA) | 4.10% | | 6 | Evonik Industries | [EVK](https://fundology.uk/stock/EVK) | 3.73% | | 7 | Nordex | [NDX1](https://fundology.uk/stock/NDX1) | 3.53% | | 8 | Dr ING Heur | — | 3.38% | | 9 | Hensoldt | [HAG](https://fundology.uk/stock/HAG) | 3.20% | | 10 | Nemetschek | [NEM](https://fundology.uk/stock/XETR:NEM) | 2.62% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By sector As published for the fund, as of 05/11/2026. | Sector | Weight | |---|---| | Industrials | 29.9% | | Consumer Discretionary | 17.5% | | Materials | 16.1% | | Information Technology | 11.2% | | Financials | 8.1% | | Communication Services | 7.3% | | Real Estate | 4.9% | | Health Care | 4.8% | ### By country As published for the fund, as of 05/11/2026. | Country | Weight | |---|---| | Germany | 96.5% | | South Korea | 2.6% | | Luxembourg | 0.9% | ### By type of asset Added up from the fund’s published holdings, as of 05/11/2026. | Type of asset | Weight | |---|---| | Equity | 99.9% | | Cash and money market | 0.1% | All 51 holdings: https://fundology.uk/fund/peam/holdings ## Questions people ask **What is the ongoing charge of PEAM?** The ongoing charge of PEAM 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 MDAX UCITS ETF 0.19% a year. Compared on 14/11/2026, 149 of the 242 other European share funds charge more, 6 the same and 87 less (share classes counted once). **What does PEAM track?** PEAM tracks the Germany MDAX. **Is PEAM accumulating or distributing?** PEAM 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 PEAM?** The ISIN of PEAM is IE00BHJYDV33. An ISIN identifies one exact share class of a fund; PEAM is its ticker on the London Stock Exchange. The same share class is also listed as DEAM (London Stock Exchange, US dollars). **What does PEAM hold?** As of 12/11/2026, PEAM holds 51 positions, according to its published holdings. The largest is Deutsche Lufthansa at 5.67% of the fund; the ten largest make up 40.8%. Its ten largest holdings are Deutsche Lufthansa (5.67%), Talanx (5.34%), Sartorius Ag-Vorzug EUR Npv Pfd (4.85%), Knorr-Bremse (4.38%), thyssenkrupp (4.10%), Evonik Industries (3.73%), Nordex (3.53%), Dr ING Heur (3.38%), Hensoldt (3.20%) and Nemetschek (2.62%). **What were PEAM’s returns in each of the last five years?** Calendar-year returns of PEAM in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −5.2%. Past performance is not a guide to future returns. **How has PEAM done after inflation?** Over the five years to 13/11/2026 PEAM’s total return was −18.0%, or −36.0% 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.