# Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR (PSRE) **Source:** https://fundology.uk/fund/psre · ISIN IE00B23D8X81 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 30/09/2026, PSRE (Invesco RAFI Europe Fundamental Value UCITS ETF EUR, ISIN IE00B23D8X81) closed at £13.59 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 30/09/2026 its total return was +86.5%, or +45.8% after UK CPIH inflation. ## Summary 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. Latest close: **£13.59** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PSRE | | ISIN | IE00B23D8X81 | | Category | European shares | | Type | ETF | | Provider | Invesco | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £21.4m | | Launched | 2007 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) 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 | +18.98% | +15.25% | income reinvested | | 3 years | +64.52% | +48.46% | income reinvested | | 5 years | +86.49% | +45.78% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +1.9%, 2025 +29.9%; 2026 to 30/09/2026 +6.6%. 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: +14.8%; to 30/09/2025: +16.1%; to 30/09/2024: +11.1%; to 30/09/2023: +17.6%; to 30/09/2022: −9.9%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -1.6% | -9.9% | Price | | 2023 | +9.3% | +5.0% | Price | | 2024 | +1.9% | -1.5% | Price | | 2025 | +29.9% | +25.5% | Price | | 2026 to 30/09/2026 | +6.6% | +3.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.37% | -9.74% | | 3 years | 12.16% | -9.74% | | 5 years | 14.35% | -15.93% | ## Largest fall Volatility of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR in pounds, annualised from weekly returns to 30/09/2026: 12.4% over 1 year, 12.2% over 3 years, 14.3% over 5 years. Largest fall in the price of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR since October 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 30/09/2026 the price of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR was 3.3% below its highest weekly close since October 2021 (28/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Markets III PLC - Invesco RAFI Europe Fundamental Value UCITS ETF EUR 0.39% a year, as of 01/10/2026: 39 of the 225 other European share funds charge more, 0 the same and 186 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.39%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Shell Plc GBP 0.0700 | 4.62% | | Total Energies SE EUR2.5 | 3.06% | | HSBC Holdings Plc GBP 0.5000 | 2.68% | | Roche Holdings AG CHF | 2.16% | | BP Plc GBP 0.2500 | 1.89% | | Glencore Plc GBP 0.0100 | 1.56% | | Novartis Ag-Reg CHF0.5 | 1.47% | | Banco Santander SA EUR0.5 | 1.45% | | Nestle Sa-Reg CHF0.1 | 1.45% | | Sanofi EUR2 | 1.27% | ## 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 | |---|---| | Financials | 23.7% | | Energy | 13.2% | | Industrials | 11.6% | | Health Care | 10.8% | | Consumer Staples | 10.0% | | Materials | 8.9% | | Consumer Discretionary | 8.5% | | Communication Services | 4.5% | | Other sectors | 8.8% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | United Kingdom | 17.2% | | Germany | 15.4% | | United States | 15.2% | | France | 13.3% | | Switzerland | 5.7% | | Spain | 5.4% | | Italy | 4.8% | | Sweden | 4.3% | | Other countries | 18.7% | ### By type of asset Added up from the holdings Invesco publishes, as of 30/09/2026. | Type of asset | Weight | |---|---| | Equity | 100.0% | | Cash and money market | 0.1% | All 361 holdings: https://fundology.uk/fund/psre/holdings --- 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.