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TER
0.39% p.a.
Distribution policy
Distributing
Replication
Physical
Fund size
EUR 209 m
Inception Date
3 December 2007
Holdings
1,171
Overview
Description
The Invesco RAFI All-World Fundamental Value UCITS ETF seeks to track the RAFI Fundamental Global index. The RAFI Fundamental Global Index tracks the performance of large- and mid-cap companies from developed and emerging markets worldwide. The index weighting is based on fundamental values rather than market capitalization. These values are derived from four key financial metrics: adjusted sales, adjusted cash flow, book value plus intangibles and dividends plus buybacks.
Documents
Chart
Basics
Data
| Index | RAFI Fundamental Global |
| Investment focus | Equity, World, Value |
| Fund size | EUR 209 m |
| Total expense ratio | 0.39% p.a. |
| Replication | Physical (Optimized sampling) |
| Legal structure | ETF |
| Investment approach | Long-only |
| Sustainability | No |
| Fund currency | USD |
| Currency risk | Currency unhedged |
| Volatility 1 year (in EUR) | 8.78% |
| Inception/ Listing Date | 3 December 2007 |
| Distribution policy | Distributing |
| Distribution frequency | Quarterly |
| Fund domicile | Ireland |
| Fund Provider | Invesco |
| Fund Structure | Open-ended Investment Company (OEIC) |
| UCITS compliance | Yes |
| Administrator | BNY Mellon Fund Services (Ireland) DAC |
| Investment Advisor | Invesco Capital Management LLC |
| Custodian Bank | BNY Mellon Trust Company (Ireland) Limited |
| Revision Company | PricewaterhouseCoopers |
| Fiscal Year End | 30 September |
| Swiss representative | Invesco Asset Management (Schweiz) AG |
| Swiss paying agent | BNP Paribas, Paris, succursale de Zurich |
| Germany | 30% tax rebate |
| Switzerland | ESTV Reporting |
| Austria | Tax Reporting Fund |
| UK | UK Reporting |
| Italy | 26.0% |
| Indextype | Total return index |
| Swap counterparty | - |
| Collateral manager | |
| Securities lending | Yes |
| Securities lending counterparty |
Similar ETFs
This section provides you with information on other ETFs with a similar investment focus to the Invesco RAFI All-World Fundamental Value UCITS ETF.
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How do you like our ETF profile? Here you'll find our Questionnaire.
Holdings
Below you find information about the composition of the Invesco RAFI All-World Fundamental Value UCITS ETF.
Top 10 Holdings
Weight of top 10 holdings
out of 1,171
13.03%
| Apple | 2.20% |
| Alphabet, Inc. A | 2.09% |
| Samsung Electronics Co., Ltd. | 1.48% |
| Exxon Mobil Corp. | 1.38% |
| Microsoft | 1.14% |
| Amazon.com, Inc. | 1.07% |
| Berkshire Hathaway, Inc. | 1.00% |
| Shell Plc | 0.93% |
| Chevron Corp. | 0.88% |
| JPMorgan Chase & Co. | 0.86% |
As of 26/03/2026
ETF Savings plan offers
Here you can find information about the savings plan availability of the ETF. You can use the table to compare all savings plan offers for the selected savings rate.
Select your savings amount:
| Broker | Rating | Execution fee | Account fee | |
|---|---|---|---|---|
 | 0.00 € | 0.00 € | View offer** | |
 | 0.00 € | 0.00 € | View offer* | |
 | 0.00 € | 0.00 € | View offer* | |
 | 0.00 € | 0.00 € | View offer* | |
 | 0.00 € | 0.00 € | View offer* |
Source: justETF Research; as of 5/2026. The offers are sorted in the following way: 1. Rating 2. Execution fee 3. Number of ETF savings plans. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
Order fees
Here you can find information about different brokers that allow you to trade ETFs. Select your preferred order volume to compare the fees charged by the respective brokers.
Order volume:
| Broker | Rating | Order fee | ETF savings plans | |
|---|---|---|---|---|
| | 0.99 € | 3199 | View offer** | |
 | 0.00 € | 2611 | View offer* | |
 | 0.00 € | 1868 | View offer* | |
| | 1.00 € | 2629 | View offer* | |
 | 0.00 € | 2276 | View offer* |
Source: justETF Research; as of 5/2026. The offers are sorted in the following way: 1. Rating 2. Order fee 3. Number of ETF savings plans. In addition to the fees charged by online brokers, additional costs may apply. The stated fees are thus exclusive of standard market spreads, commissions, product costs and third-party fees. Please note: No guarantee can be given for the completeness, correctness and accuracy of the content listed. The information on the online brokers' homepages is decisive. Investments in securities involve risks.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
*Affiliate link
** Important note: We are part of the Scalable Group since 2021 and are a wholly owned subsidiary of Scalable GmbH. This means that we are economically connected, but operate with editorial independence. Conflicts of interest are avoided because brokers — including Scalable — are evaluated according to uniform, objective criteria. You can view these in our transparent rating system. Ultimately, it’s up to you to decide how and with whom you want to invest.
Performance
The performance numbers include distributions/dividends (if there are any). By default, the total performance of the ETF is displayed.
Returns overview
| YTD | +16.87% |
| 1 month | +6.59% |
| 3 months | +7.06% |
| 6 months | +18.12% |
| 1 year | +33.98% |
| 3 years | +71.29% |
| 5 years | +90.60% |
| Since inception (MAX) | +225.90% |
| 2025 | +13.10% |
| 2024 | +18.20% |
| 2023 | +12.26% |
| 2022 | -3.02% |
Monthly returns in a heat map
Dividends
Current dividend yield
| Current dividend yield | 1.76% |
| Dividends (last 12 months) | EUR 0.61 |
Historic dividend yields
| Period | Dividend in EUR | Dividend yield in % |
|---|---|---|
| 1 Year | EUR 0.61 | 2.31% |
| 2025 | EUR 0.61 | 2.27% |
| 2024 | EUR 0.61 | 2.61% |
| 2023 | EUR 0.58 | 2.73% |
| 2022 | EUR 0.57 | 2.52% |
Dividend yield contribution
Monthly dividends
Risk
Risk metrics in this section:
- Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
- Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
- Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.
Risk overview
| Volatility 1 year | 8.78% |
| Volatility 3 years | 11.05% |
| Volatility 5 years | 12.37% |
| Return per risk 1 year | 3.87 |
| Return per risk 3 years | 1.78 |
| Return per risk 5 years | 1.11 |
| Maximum drawdown 1 year | -6.11% |
| Maximum drawdown 3 years | -16.43% |
| Maximum drawdown 5 years | -16.43% |
| Maximum drawdown since inception | -66.44% |
Rolling 1 year volatility
Stock exchange
Listings
| Listing | Trade Currency | Ticker | Bloomberg / iNAV Bloomberg Code | Reuters RIC / iNAV Reuters | Market Maker |
|---|---|---|---|---|---|
| gettex | EUR | PSWD | - - | - - | - |
| Stuttgart Stock Exchange | EUR | PSWD | - - | - - | - |
| Borsa Italiana | EUR | PSRW | PSRW IM PSRWEUIV | PSRW.MI PSRWEUiv.P | Susquehanna |
| London Stock Exchange | GBX | PSRW | PSRW LN PSDU | PSRW.L FABWINAV.DE | Susquehanna |
| London Stock Exchange | GBP | - | PSRW LN PSRWGBIV | PSRW.L PSRWGBiv.P | Susquehanna |
| SIX Swiss Exchange | USD | PSRW | PSRW SW PSRWUSIV | PSRW.S PSRWUSiv.P | Susquehanna |
| XETRA | EUR | PSWD | PSWD GY PSRWEUIV | PSWD.DE PSRWEUiv.P | Susquehanna |
Further information
Further ETFs with similar investment focus
| Fund name | Fund Size in m € (AuM) | TER p.a. | Distribution | Replication |
|---|---|---|---|---|
| iShares Edge MSCI World Value Factor UCITS ETF | 6,222 | 0.25% p.a. | Accumulating | Sampling |
| Xtrackers MSCI World Value UCITS ETF 1C | 4,341 | 0.25% p.a. | Accumulating | Full replication |
| Amundi MSCI World IMI Value Advanced UCITS ETF Acc | 471 | 0.25% p.a. | Accumulating | Full replication |
| iShares MSCI World Value Factor Advanced UCITS ETF USD (Acc) | 432 | 0.25% p.a. | Accumulating | Full replication |
| iShares Edge MSCI World Value Factor UCITS ETF USD (Dist) | 356 | 0.25% p.a. | Distributing | Sampling |
Latest articles
Frequently asked questions
What is the name of PSWD?
The name of PSWD is Invesco RAFI All-World Fundamental Value UCITS ETF.
What is the ticker of Invesco RAFI All-World Fundamental Value UCITS ETF?
The primary ticker of Invesco RAFI All-World Fundamental Value UCITS ETF is PSWD.
What is the ISIN of Invesco RAFI All-World Fundamental Value UCITS ETF?
The ISIN of Invesco RAFI All-World Fundamental Value UCITS ETF is IE00B23LNQ02.
What are the costs of Invesco RAFI All-World Fundamental Value UCITS ETF?
The total expense ratio (TER) of Invesco RAFI All-World Fundamental Value UCITS ETF amounts to 0.39% p.a.. These costs are withdrawn continuously from the fund assets and already included in the performance of the ETF. You don't have to pay them separately. Please have a look at our article for more information about the cost of ETFs.
Is Invesco RAFI All-World Fundamental Value UCITS ETF paying dividends?
Yes, Invesco RAFI All-World Fundamental Value UCITS ETF is paying dividends. Usually, the dividend payments take place quarterly for Invesco RAFI All-World Fundamental Value UCITS ETF.
What's the fund size of Invesco RAFI All-World Fundamental Value UCITS ETF?
The fund size of Invesco RAFI All-World Fundamental Value UCITS ETF is 209m Euro. See the following article for more information about the size of ETFs.
— Data provided by Trackinsight, etfinfo, Xignite Inc., gettex, FactSet and justETF GmbH. Quotes are either real-time (gettex) or 15 minutes delayed stock exchange quotes or NAVs (daily published by the fund provider). By default, ETF returns include dividend payments (if applicable). There is no warranty for completeness, accuracy and correctness for the displayed information.