ETF · Invesco
PSRE Invesco RAFI Europe Fundamental Value UCITS ETF EUR
ISIN IE00B23D8X81London Stock Exchange: PSREInvesco Ltd.
- European shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£13.97
on
- Ongoing charge
- 0.39% a year
- Fund size
- £31.5m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, PSRE (Invesco RAFI Europe Fundamental Value UCITS ETF EUR, ISIN IE00B23D8X81) closed at £13.97 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +80.1%, or +40.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +13.2%
- +9.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +67.3%
- +51.2% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +80.1%
- +40.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,801 on 13/11/2026 — about £1,406 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −1.6%, 2023 +9.3%, 2024 +2.8%, 2025 +30.8%; 2026 to 13/11/2026 +8.0%. Returns of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +12.7%; to 30/09/2025: +18.3%; to 30/09/2024: +11.1%; to 30/09/2023: +17.6%; to 30/09/2022: −9.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +8.0% | +4.5% | |
| to | +30.8% | +26.3% | |
| to | +2.8% | −0.7% | |
| +9.3% | +5.0% | ||
| −1.6% | −9.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +12.7% | +8.7% |
| from | +18.3% | +13.7% |
| from | +11.1% | +8.3% |
| from | +17.6% | +10.5% |
| from | −9.5% | −16.8% |
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)
14.5%over 5 years
| 1 year | 13.0% |
|---|---|
| 3 years | 12.3% |
| 5 years | 14.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −15.9%
- From to
- Lowest 12-month return
- −10.6%
- 12 months to
- Highest 12-month return
- +33.0%
- 12 months to
- Below its highest weekly close since November 2021
- 0.6%
- High of , latest
In words: Volatility of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 13.0% over 1 year, 12.3% over 3 years, 14.5% over 5 years. Largest fall in the price of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR since November 2021, in pounds: −15.9% from 11/02/2022 to 30/09/2022. The lowest 12-month return of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −10.6% (12 months to 14/10/2022); the highest was +33.0% (12 months to 10/04/2026). On 13/11/2026 the price of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR was 0.6% below its highest weekly close since November 2021 (28/08/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.39%
- a year
- On £10,000
- £39
- a year, roughly
- Over five years
- £193
- of £10,000, before growth
- 205 charge less
- 0 the same
- 37 charge more
Ongoing charge of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR 0.39% a year. Compared on 14/11/2026, 37 of the 242 other European share funds charge more, 0 the same and 205 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR is an exchange-traded fund (ETF) from Invesco, launched in 2007.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.39% a year — about £39 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Key facts
- Ticker
- PSRE
- ISIN
- IE00B23D8X81
- Also listed as
- 6PSC (Xetra, euros)
- Provider
- Invesco
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.39% a year · about £39 on £10,000
- Fund size
- £31.5m
- 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
- European shares
Price chart
Over the last year, the closing price went from £12.52 on 14/11/2025 to £13.97 on 13/11/2026 (+11.6%). The lowest close shown was £12.19 on 21/11/2025 and the highest £14.05 on 28/08/2026.
One close a week. Before 29/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
258 weekly closes, from 12/11/2021 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
- 359
- 364 reported in all
- Ten largest
- 22.0%
- of the whole fund
- Effective number of holdings
- 100
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.7%
- Shell
Top 10 holdings
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
- Financials22.7%
- Energy13.2%
- Health Care12.3%
- Industrials11.3%
- Consumer Staples10.3%
- Materials8.8%
- Consumer Discretionary8.4%
- Utilities4.6%
- Other sectors8.3%
By country
- United Kingdom22.3%
- Germany15.7%
- France14.3%
- Switzerland8.4%
- United States7.2%
- Spain5.2%
- Italy4.5%
- Sweden4.3%
- Other countries18.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 364 holdings; the ten largest make up 22.0% 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 250 rolling 12-month returns since January 2021, and of 146 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 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.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (123 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and 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 PSRE?
The ongoing charge of PSRE is 0.39% a year — about £39 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 Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR 0.39% a year. Compared on 14/11/2026, 37 of the 242 other European share funds charge more, 0 the same and 205 less (share classes counted once).
Is PSRE accumulating or distributing?
PSRE is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of PSRE?
The ISIN of PSRE is IE00B23D8X81. An ISIN identifies one exact share class of a fund; PSRE is its ticker on the London Stock Exchange. The same share class is also listed as 6PSC (Xetra, euros).
What does PSRE hold?
As of 12/11/2026, PSRE holds 364 positions, according to its published holdings. The largest is Shell at 4.68% of the fund; the ten largest make up 22.0%. Its ten largest holdings are Shell (4.68%), TotalEnergies (3.08%), Roche (2.46%), HSBC (2.37%), BP (1.93%), Nestle (1.62%), Novartis (1.61%), Sanofi (1.47%), Glencore (1.42%) and Bayer (1.33%).
What were PSRE’s returns in each of the last five years?
Calendar-year returns of PSRE in pounds (price only, income paid out not included): 2022 −1.6%, 2023 +9.3%, 2024 +2.8%, 2025 +30.8%; 2026 to 13/11/2026 +8.0%. Past performance is not a guide to future returns.
How has PSRE done after inflation?
Over the five years to 13/11/2026 PSRE’s total return was +80.1%, or +40.6% 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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