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£9.37
on
- Ongoing charge
- 0.49% a year
- Fund size
- £72.5m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, PSRM (Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD, ISIN IE00B23D9570) closed at £9.37 on the London Stock Exchange. Its ongoing charge is 0.49% a year (about £49 on £10,000). Over the five years to 13/11/2026 its total return was +58.7%, or +23.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +11.4%
- +7.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +68.4%
- +52.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +58.7%
- +23.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,587 on 13/11/2026 — about £1,238 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 Emerging Markets Fundamental Value UCITS ETF USD in pounds (price only, income paid out not included): 2022 −9.5%, 2023 +2.0%, 2024 +11.6%, 2025 +19.4%; 2026 to 13/11/2026 +9.2%. 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: +23.6%; to 30/09/2025: +13.9%; to 30/09/2024: +13.3%; to 30/09/2023: +1.3%; to 30/09/2022: −10.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +9.2% | +5.8% | |
| to | +19.4% | +15.3% | |
| to | +11.6% | +7.8% | |
| +2.0% | −2.0% | ||
| −9.5% | −17.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +23.6% | +19.2% |
| from | +13.9% | +9.5% |
| from | +13.3% | +10.4% |
| from | +1.3% | −4.8% |
| from | −10.7% | −18.0% |
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)
15.5%over 5 years
| 1 year | 17.3% |
|---|---|
| 3 years | 15.0% |
| 5 years | 15.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 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 November 2021
- 9.9%
- 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 13/11/2026: 17.3% over 1 year, 15.0% 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 November 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 13/11/2026 the price of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD was 9.9% below its highest weekly close since November 2021 (19/06/2026), 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
- 0.49%
- a year
- On £10,000
- £49
- a year, roughly
- Over five years
- £243
- of £10,000, before growth
- 90 charge less
- 1 the same
- 60 charge more
Ongoing charge of Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD 0.49% a year. Compared on 14/11/2026, 60 of the 151 other emerging-market share funds charge more, 1 the same and 90 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
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
- Also listed as
- 6PSK (Xetra, euros)
- 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
- £72.5m
- 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
- Emerging markets
Price chart
Over the last year, the closing price went from £8.69 on 14/11/2025 to £9.37 on 13/11/2026 (+7.8%). The lowest close shown was £8.33 on 27/03/2026 and the highest £10.39 on 19/06/2026.
One close a week. Before 27/07/2026 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
262 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
- 500
- 501 reported in all
- Ten largest
- 24.1%
- of the whole fund
- Effective number of holdings
- 92
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 6.8%
- Samsung Electronics
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Samsung Electronics005930 | 6.85% |
| 2 | TSMC2330 | 3.88% |
| 3 | Petrobras - Petroleo Bras-Pr Brl Npv Pfd | 2.73% |
| 4 | Alibaba GroupBABA | 2.10% |
| 5 | Hon Hai Precision Industry2317 | 1.78% |
| 6 | Tencent700 | 1.65% |
| 7 | China Construction Bank601939 | 1.46% |
| 8 | JD.comJD | 1.28% |
| 9 | Ind & Comm Bk of China-H CNY1 | 1.21% |
| 10 | SK hynix000660 | 1.19% |
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
- Financials24.6%
- Information Technology23.9%
- Consumer Discretionary10.8%
- Materials9.7%
- Energy8.9%
- Industrials7.0%
- Communication Services6.1%
- Consumer Staples3.8%
- Other sectors5.3%
By country
- China28.3%
- Taiwan18.1%
- South Korea18.0%
- India10.3%
- Brazil7.3%
- South Africa3.5%
- Thailand2.8%
- Mexico2.5%
- Other countries9.3%
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 501 holdings; the ten largest make up 24.1% 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 254 rolling 12-month returns since January 2021, and of 150 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 142 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 13/11/2026 (156 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. Compared on 14/11/2026, 60 of the 151 other emerging-market share funds charge more, 1 the same and 90 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. The same share class is also listed as 6PSK (Xetra, euros).
What does PSRM hold?
As of 12/11/2026, PSRM holds 501 positions, according to its published holdings. The largest is Samsung Electronics at 6.85% of the fund; the ten largest make up 24.1%. Its ten largest holdings are Samsung Electronics (6.85%), TSMC (3.88%), Petrobras - Petroleo Bras-Pr Brl Npv Pfd (2.73%), Alibaba Group (2.10%), Hon Hai Precision Industry (1.78%), Tencent (1.65%), China Construction Bank (1.46%), JD.com (1.28%), Ind & Comm Bk of China-H CNY1 (1.21%) and SK hynix (1.19%).
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 +11.6%, 2025 +19.4%; 2026 to 13/11/2026 +9.2%. Past performance is not a guide to future returns.
How has PSRM done after inflation?
Over the five years to 13/11/2026 PSRM’s total return was +58.7%, or +23.8% 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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