# Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD (PSRF) **Source:** https://fundology.uk/fund/psrf · ISIN IE00B23D8S39 · 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, PSRF (Invesco RAFI US Fundamental Value UCITS ETF USD, ISIN IE00B23D8S39) closed at £33.91 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 +86.6%, or +45.9% after UK CPIH inflation. ## Summary Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2007. It tracks the RAFI Fundamental US Index. 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: **£33.91** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PSRF | | ISIN | IE00B23D8S39 | | Category | US shares | | Type | ETF | | Provider | Invesco | | Tracks | RAFI Fundamental US Index | | Income | Distributing | | Ongoing charge | 0.39% a year (£39 per £10,000) | | Fund size | £705m | | 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 | +24.88% | +20.96% | income reinvested | | 3 years | +64.12% | +48.10% | income reinvested | | 5 years | +86.59% | +45.86% | 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 US Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included): 2022 +1.2%, 2023 +7.7%, 2024 +16.6%, 2025 +6.4%; 2026 to 30/09/2026 +19.3%. Returns of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +23.4%; to 30/09/2025: +9.3%; to 30/09/2024: +15.7%; to 30/09/2023: +3.3%; to 30/09/2022: +7.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | +1.2% | -7.4% | Price | | 2023 | +7.7% | +3.4% | Price | | 2024 | +16.6% | +12.6% | Price | | 2025 | +6.4% | +2.7% | Price | | 2026 to 30/09/2026 | +19.3% | +16.0% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 9.23% | -4.25% | | 3 years | 11.27% | -17.17% | | 5 years | 12.46% | -17.17% | ## Largest fall Volatility of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 9.2% over 1 year, 11.3% over 3 years, 12.5% over 5 years. Largest fall in the price of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD since October 2021, in pounds: −17.2% from 17/01/2025 to 11/04/2025. The lowest 12-month return of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −7.2% (12 months to 18/08/2023); the highest was +32.7% (12 months to 22/05/2026). On 30/09/2026 the price of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD was 0.8% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Invesco Markets III PLC - Invesco RAFI US Fundamental Value UCITS ETF USD 0.39% a year, as of 01/10/2026: 16 of the 210 other US share funds charge more, 0 the same and 194 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 | |---|---| | Apple Inc USD0.00001 | 5.11% | | Alphabet Inc- USD0.001 · Class A | 3.70% | | Microsoft Corp USD0.00000625 | 3.46% | | Amazon.Com Inc USD0.01 | 2.52% | | Meta Platforms | 2.30% | | Exxonmobil Hldigs Com | 2.20% | | Berkshire Hathaway · Class B | 2.03% | | JPMORGAN CHASE & CO USD1 | 1.77% | | Intel Corp USD0.001 | 1.56% | | Chevron Corp USD0.75 | 1.51% | ## 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 | |---|---| | Information Technology | 21.1% | | Financials | 16.3% | | Health Care | 13.6% | | Communication Services | 9.9% | | Energy | 8.7% | | Consumer Discretionary | 8.0% | | Industrials | 7.8% | | Consumer Staples | 6.6% | | Other sectors | 7.9% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | United States | 99.8% | | Switzerland | 0.1% | | Ireland | 0.0% | | Belgium | 0.0% | | Mexico | 0.0% | | Australia | 0.0% | ### 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 | 0.0% | All 517 holdings: https://fundology.uk/fund/psrf/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.