ETF · Invesco
PSRW Invesco RAFI All-World Fundamental Value UCITS ETF
ISIN IE00B23LNQ02London Stock Exchange: PSRWInvesco Ltd.
- Global shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£30.83
on
- Ongoing charge
- 0.39% a year
- Fund size
- £378m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, PSRW (Invesco RAFI All-World Fundamental Value UCITS ETF, ISIN IE00B23LNQ02) closed at £30.83 on the London Stock Exchange. Its ongoing charge is 0.39% a year (about £39 on £10,000). Over the five years to 13/11/2026 its total return was +81.3%, or +41.5% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +20.0%
- +15.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +71.6%
- +55.0% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +81.3%
- +41.5% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,813 on 13/11/2026 — about £1,415 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 All-World Fundamental Value UCITS ETF in pounds (price only, income paid out not included): 2022 −0.2%, 2023 +7.3%, 2024 +11.5%, 2025 +16.3%; 2026 to 13/11/2026 +17.7%. Returns of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +22.4%; to 30/09/2025: +14.5%; to 30/09/2024: +12.6%; to 30/09/2023: +7.1%; to 30/09/2022: +1.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +17.7% | +14.0% | |
| to | +16.3% | +12.3% | |
| to | +11.5% | +7.7% | |
| +7.3% | +3.0% | ||
| −0.2% | −8.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +22.4% | +18.1% |
| from | +14.5% | +10.1% |
| from | +12.6% | +9.7% |
| from | +7.1% | +0.7% |
| from | +1.0% | −7.2% |
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)
11.7%over 5 years
| 1 year | 9.7% |
|---|---|
| 3 years | 10.4% |
| 5 years | 11.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −12.3%
- From to
- Lowest 12-month return
- −3.7%
- 12 months to
- Highest 12-month return
- +34.3%
- 12 months to
- Below its highest weekly close since November 2021
- 0.4%
- High of , latest
In words: Volatility of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 9.7% over 1 year, 10.4% over 3 years, 11.7% over 5 years. Largest fall in the price of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF since November 2021, in pounds: −12.3% from 31/01/2025 to 11/04/2025. The lowest 12-month return of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −3.7% (12 months to 11/04/2025); the highest was +34.3% (12 months to 19/06/2026). On 13/11/2026 the price of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF was 0.4% below its highest weekly close since November 2021 (04/09/2026), 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
- 0.39%
- a year
- On £10,000
- £39
- a year, roughly
- Over five years
- £193
- of £10,000, before growth
- 161 charge less
- 3 the same
- 43 charge more
Ongoing charge of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF 0.39% a year. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 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 All-World Fundamental Value UCITS ETF is an exchange-traded fund (ETF) from Invesco, launched in 2007.
It tracks the RAFI Fundamental Global 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.
Global shares: Thousands of companies across many countries, held in one fund — the broadest way to own the stock market.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- PSRW
- ISIN
- IE00B23LNQ02
- Also listed as
- PSWD (Xetra, euros)
- Provider
- Invesco
- Tracks
- RAFI Fundamental Global 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
- 0.39% a year · about £39 on £10,000
- Fund size
- £378m
- 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
- Global shares
Price chart
Over the last year, the closing price went from £26.00 on 14/11/2025 to £30.83 on 13/11/2026 (+18.6%). The lowest close shown was £25.64 on 21/11/2025 and the highest £30.96 on 04/09/2026.
One close a week. Before 31/07/2026 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
- 1,198
- 1,202 reported in all
- Ten largest
- 14.0%
- of the whole fund
- Effective number of holdings
- 275
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 2.7%
- Apple
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | AppleAAPL | 2.73% |
| 2 | MicrosoftMSFT | 1.77% |
| 3 | Alphabet · Class AGOOGL | 1.61% |
| 4 | AmazonAMZN | 1.35% |
| 5 | Berkshire Hathaway · Class BBRK.B | 1.32% |
| 6 | ExxonMobilXOM | 1.27% |
| 7 | Samsung Electronics005930 | 1.18% |
| 8 | Meta PlatformsMETA | 0.98% |
| 9 | JP Morgan ChaseJPM | 0.91% |
| 10 | ShellSHEL | 0.91% |
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
- Financials20.1%
- Information Technology15.2%
- Health Care11.1%
- Industrials10.1%
- Energy9.6%
- Consumer Discretionary9.3%
- Consumer Staples7.1%
- Communication Services6.6%
- Other sectors11.0%
By country
- United States54.0%
- Japan8.3%
- United Kingdom4.2%
- China3.8%
- Canada3.5%
- Germany2.8%
- France2.8%
- South Korea2.6%
- Other countries18.0%
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 1,202 holdings; the ten largest make up 14.0% 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 132 global 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 World UCITS ETF, over the three years to 13/11/2026 (154 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 PSRW?
The ongoing charge of PSRW 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. Platform and dealing fees are charged separately. Ongoing charge of Invesco Markets III PLC - Invesco RAFI All-World Fundamental Value UCITS ETF 0.39% a year. Compared on 14/11/2026, 43 of the 207 other global share funds charge more, 3 the same and 161 less (share classes counted once).
What does PSRW track?
PSRW tracks the RAFI Fundamental Global Index.
Is PSRW accumulating or distributing?
PSRW 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 PSRW?
The ISIN of PSRW is IE00B23LNQ02. An ISIN identifies one exact share class of a fund; PSRW is its ticker on the London Stock Exchange. The same share class is also listed as PSWD (Xetra, euros).
What does PSRW hold?
As of 12/11/2026, PSRW holds 1,202 positions, according to its published holdings. The largest is Apple at 2.73% of the fund; the ten largest make up 14.0%. Its ten largest holdings are Apple (2.73%), Microsoft (1.77%), Alphabet · Class A (1.61%), Amazon (1.35%), Berkshire Hathaway · Class B (1.32%), ExxonMobil (1.27%), Samsung Electronics (1.18%), Meta Platforms (0.98%), JP Morgan Chase (0.91%) and Shell (0.91%).
What were PSRW’s returns in each of the last five years?
Calendar-year returns of PSRW in pounds (price only, income paid out not included): 2022 −0.2%, 2023 +7.3%, 2024 +11.5%, 2025 +16.3%; 2026 to 13/11/2026 +17.7%. Past performance is not a guide to future returns.
How has PSRW done after inflation?
Over the five years to 13/11/2026 PSRW’s total return was +81.3%, or +41.5% 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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