ETF · Invesco
PSRM Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD
ISIN IE00B23D9570London Stock Exchange: PSRMInvesco Ltd.
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£10.10
on
- Ongoing charge
- 0.49% a year
- Fund size
- £58.4m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, PSRM (Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD, ISIN IE00B23D9570) closed at £10.10 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the five years to 30/09/2026 its total return was +76.0%, or +37.6% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +28.9%
- +24.9% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +76.9%
- +59.6% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +76.0%
- +37.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,760 on 30/09/2026 — about £1,376 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data). Inflation: ONS 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 Emerging Markets Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included): 2022 −9.5%, 2023 +2.0%, 2024 +9.7%, 2025 +18.8%; 2026 to 30/09/2026 +20.5%. Returns of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +25.6%; to 30/09/2025: +12.1%; to 30/09/2024: +13.3%; to 30/09/2023: +1.3%; to 30/09/2022: −9.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +20.5% | +17.1% | |
| +18.8% | +14.7% | ||
| +9.7% | +6.0% | ||
| +2.0% | −2.0% | ||
| −9.5% | −17.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +25.6% | Not available |
| from | +12.1% | +7.8% |
| from | +13.3% | +10.4% |
| from | +1.3% | −4.8% |
| from | −9.7% | −17.0% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
15.5%over 5 years
| 1 year | 17.2% |
|---|---|
| 3 years | 14.9% |
| 5 years | 15.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2021
- −21.0%
- From to
- Lowest 12-month return
- −15.7%
- 12 months to
- Highest 12-month return
- +42.7%
- 12 months to
- Below its highest weekly close since October 2021
- 2.8%
- High of , latest
In words: Volatility of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 17.2% over 1 year, 14.9% over 3 years, 15.5% over 5 years. Largest fall in the price of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD since October 2021, in pounds: −21.0% from 11/02/2022 to 28/10/2022. The lowest 12-month return of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −15.7% (12 months to 28/10/2022); the highest was +42.7% (12 months to 29/05/2026). On 30/09/2026 the price of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD was 2.8% below its highest weekly close since October 2021 (19/06/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, 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
- 0.49%
- a year
- On £10,000
- £49
- a year, roughly
- Over five years
- £243
- of £10,000, before growth
- 84 charge less
- 1 the same
- 55 charge more
Ongoing charge of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD 0.49% a year, as of 01/10/2026: 55 of the 140 other emerging-market share funds charge more, 1 the same and 84 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2007.
It tracks the RAFI Fundamental Emerging Markets Index - USD - 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 0.49% a year — about £49 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.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- PSRM
- ISIN
- IE00B23D9570
- Provider
- Invesco
- Tracks
- RAFI Fundamental Emerging Markets Index
- 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
- 0.49% a year · about £49 on £10,000
- Fund size
- £58.4m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Since 27/07/2026, the closing price went from £9.62 on 27/07/2026 to £10.10 on 30/09/2026 (+5.0%). The lowest close shown was £9.62 on 27/07/2026 and the highest £10.38 on 04/09/2026.
Chart: closing prices we have recorded since 27/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 27/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Samsung Electronics005930 | 8.03% |
| 2 | Taiwan Semiconductor Manufac TWD10 | 3.96% |
| 3 | Petrobras - Petroleo Bras-Pr Brl Npv Pfd | 3.02% |
| 4 | Alibaba GroupBABA | 2.22% |
| 5 | Hon Hai Precision Industry2317 | 1.79% |
| 6 | Tencent700 | 1.65% |
| 7 | Sk Hynix Inc KRW5000 | 1.55% |
| 8 | Mediatek Inc TWD10 | 1.37% |
| 9 | ValeVALE3 | 1.31% |
| 10 | China Construction Bank601939 | 1.28% |
Source: Invesco, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By sector
- Information Technology26.8%
- Financials23.1%
- Consumer Discretionary10.5%
- Energy9.5%
- Materials9.5%
- Industrials6.9%
- Communication Services5.6%
- Consumer Staples3.3%
- Other sectors4.8%
By country
- China26.7%
- South Korea20.6%
- Taiwan18.8%
- India8.6%
- Brazil8.2%
- South Africa3.2%
- Thailand2.7%
- Mexico2.1%
- Other countries9.0%
501 holdings are listed for this fund. All 501 holdings of PSRM, with the full split by sector, country and type of asset.
All holdings
The fund publishes 501 holdings; the ten largest make up 26.2% 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 248 rolling 12-month returns since January 2021, and of 144 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 October 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 125 emerging-market 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 EM IMI UCITS ETF, over the three years to 30/09/2026 (153 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 PSRM?
The ongoing charge of PSRM is 0.49% a year — about £49 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 Emerging Markets Fundamental Value UCITS ETF USD 0.49% a year, as of 01/10/2026: 55 of the 140 other emerging-market share funds charge more, 1 the same and 84 less (share classes counted once).
What does PSRM track?
PSRM tracks the RAFI Fundamental Emerging Markets Index - USD - Benchmark TR Net.
Is PSRM accumulating or distributing?
PSRM 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 PSRM?
The ISIN of PSRM is IE00B23D9570. An ISIN identifies one exact share class of a fund; PSRM is its ticker on the London Stock Exchange.
What were PSRM’s returns in each of the last five years?
Calendar-year returns of PSRM in pounds (price only, income paid out not included): 2022 −9.5%, 2023 +2.0%, 2024 +9.7%, 2025 +18.8%; 2026 to 30/09/2026 +20.5%. Past performance is not a guide to future returns.
How has PSRM done after inflation?
Over the five years to 30/09/2026 PSRM’s total return was +76.0%, or +37.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £26bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £8.2bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £6.0bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £5.8bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.26% a year · £5.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.0bn
- SEGMiShares MSCI EM IMI Screened UCITS ETF AccumUnhedged USD0.21% a year · £3.6bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £3.6bn
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Invesco, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.