# Invesco Markets III PLC - Invesco RAFI Emerging Markets Fundamental Value UCITS ETF USD (PSRM) **Source:** https://fundology.uk/fund/psrm · ISIN IE00B23D9570 · 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, 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. ## Summary 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. Latest close: **£10.10** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PSRM | | ISIN | IE00B23D9570 | | Category | Emerging markets | | Type | ETF | | Provider | Invesco | | Tracks | RAFI Fundamental Emerging Markets Index - USD - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.49% a year (£49 per £10,000) | | Fund size | £58.4m | | 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 | +28.90% | +24.86% | income reinvested | | 3 years | +76.87% | +59.60% | income reinvested | | 5 years | +76.04% | +37.62% | 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 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | -9.5% | -17.1% | Price | | 2023 | +2.0% | -2.0% | Price | | 2024 | +9.7% | +6.0% | Price | | 2025 | +18.8% | +14.7% | Price | | 2026 to 30/09/2026 | +20.5% | +17.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 17.20% | -9.94% | | 3 years | 14.90% | -12.02% | | 5 years | 15.46% | -21.00% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.49%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 30/09/2026): | Holding | Weight | |---|---| | Samsung Electronics | 8.03% | | Taiwan Semiconductor Manufac TWD10 | 3.96% | | Petrobras - Petroleo Bras-Pr Brl Npv Pfd | 3.02% | | Alibaba Group | 2.22% | | Hon Hai Precision Industry | 1.79% | | Tencent | 1.65% | | Sk Hynix Inc KRW5000 | 1.55% | | Mediatek Inc TWD10 | 1.37% | | Vale | 1.31% | | China Construction Bank | 1.28% | ## 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 | 26.8% | | Financials | 23.1% | | Consumer Discretionary | 10.5% | | Energy | 9.5% | | Materials | 9.5% | | Industrials | 6.9% | | Communication Services | 5.6% | | Consumer Staples | 3.3% | | Other sectors | 4.8% | ### By country As published by Invesco, as of 30/09/2026. | Country | Weight | |---|---| | China | 26.7% | | South Korea | 20.6% | | Taiwan | 18.8% | | India | 8.6% | | Brazil | 8.2% | | South Africa | 3.2% | | Thailand | 2.7% | | Mexico | 2.1% | | Other countries | 9.0% | All 501 holdings: https://fundology.uk/fund/psrm/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.