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Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc

Invesco · IE000TI21P14

Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker PAES (ISIN IE000TI21P14). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in…

· Tracks the MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index index ?

Equity ?Accumulating ?Physical ?Ireland ?

Low yearly feeReinvests dividendsOwns the shares directlyEuropeBroadly spread

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Invesco funds Domiciled in Ireland Accumulating Physically replicated Europe stocks Yearly fee under 0.25%

Opens the screener with this filter applied.

Fund size (AUM) ?

€21.6M

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+12.1%

Total return · to 2026-10-15

Yearly fee (TER) ?

0.16%

All-in cost ≈ 0.22%

About this fund

What you own

The MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 215 companies across Europe in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.16%Yearly fee (TER)

0.22%All-in cost

The yearly running cost of the fund, shown as a % of your money. Lower is cheaper.

For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?

MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index

Replication ?

Physical

Full — buys every share

Regulation ?

UCITS

Yes

Launched

Dec 2021

5-year track record

Recommended holding period

5 years

Performance

Growth of €100 invested — the line starts at €100.

Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF Acc

End-of-day prices, rebased to a common start so the shapes are comparable. Past performance does not predict future results.

YTD+9.6%

1 year+12.1%

How bumpy has it been?

13.0%

Volatility (1y) ?

How much the price swings year to year — lower is calmer.

-15.8%

Worst drop (3y) ?

The biggest fall from a peak over the last three years.

The bigger picture

+23.4%

Since inception

Total growth since launch — about +9.3% a year.

+26.6%

Best 12 months

The strongest one-year stretch on record.

+1.4%

Worst 12 months

The weakest one-year stretch on record.

-15.8%

Worst fall on record ?

It clawed back in about 1 month.

What's inside

By sector ?

Financials26.0%

Industrials18.5%

Health Care16.1%

Technology12.5%

Real Estate5.6%

Utilities5.5%

Materials4.8%

Consumer Staples4.6%

Other / not shown6.6%

The 10 biggest holdings make up 22.0% of the fund — the rest is spread across roughly 204 more companies.

Top 10 holdings

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.6%
2	NOVARTIS AG-REG CHF0.5	3.0%
3	ASTRAZENECA PLC USD0.25	2.4%
4	HSBC HOLDINGS PLC GBP 0.5000	2.2%
5	ALLIANZ SE-REG NPV	1.8%
6	SAP SE NPV	1.8%
7	SIEMENS AG-REG NPV	1.5%
8	BANCO SANTANDER SA EUR0.5	1.4%
9	UNICREDIT SPA NPV	1.2%
10	TERNA SPA EUR0.22	1.1%

Where to buy this fund

Where you live:

Set from your language & location — change it if it's wrong.

Where it trades

Exchange	Ticker	Currency
LSE	PAES	EUR	★ Primary
CHF listings
SIX	PAEU	CHF
EUR listings
B3	PAESL	EUR
B3	PAUED	EUR
B3	PAEUZ	EUR
B3	PAEUM	EUR
Borsa Italiana	PAEU	EUR
E1	PAESEUR	EUR
E1	PAESGBX	EUR
EB	PAUED	EUR
EP	PAESGBX	EUR
EU	PAESGBX	EUR
EU	PAESEUR	EUR
EZ	PAESGBX	EUR
Frankfurt	PAUE	EUR
GD	PAUE	EUR
GF	PAUE	EUR
GM	PAUE	EUR
GS	PAUE	EUR
GT	PAUE	EUR
GZ	PAUE	EUR
I2	PAUED	EUR
IX	PAUED	EUR
L1	PAESL	EUR
L1	PAUED	EUR
L1	PAEUZ	EUR
L1	PAEUM	EUR
L3	PAESL	EUR
L3	PAEUZ	EUR
L3	PAUED	EUR
L3	PAEUM	EUR
LA	PAUE	EUR
London Stock Exchange	PAES	EUR
LU	PAUE	EUR
PO	PAESL	EUR
PO	PAEUM	EUR
PO	PAEUZ	EUR
PO	PAUED	EUR
QT	PAUE	EUR
S1	PAEUZ	EUR
S1	PAUED	EUR
S4	PAUED	EUR
SE	PAEU	EUR
TH	PAUE	EUR
X1	PAESEUR	EUR
X1	PAESGBX	EUR
X2	PAESEUR	EUR
X2	PAESGBX	EUR
X9	PAESEUR	EUR
XA	PAESGBX	EUR
XA	PAESEUR	EUR
XE	PAESEUR	EUR
XE	PAESGBX	EUR
XF	PAESEUR	EUR
XF	PAESGBX	EUR
XG	PAESGBX	EUR
XG	PAESEUR	EUR
XH	PAESEUR	EUR
XH	PAESGBX	EUR
XJ	PAESGBX	EUR
XJ	PAESEUR	EUR
XL	PAESEUR	EUR
XL	PAESGBX	EUR
XO	PAESEUR	EUR
XO	PAESGBX	EUR
XQ	PAESGBX	EUR
XQ	PAESEUR	EUR
XS	PAESEUR	EUR
XS	PAESGBX	EUR
XT	PAESEUR	EUR
XU	PAESGBX	EUR
XU	PAESEUR	EUR
XV	PAESEUR	EUR
XV	PAESGBX	EUR
XW	PAESEUR	EUR
XW	PAESGBX	EUR
XX	PAESEUR	EUR
XX	PAESGBX	EUR
XZ	PAESEUR	EUR
XZ	PAESGBX	EUR

For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-10-15 · the fund's own published holdings.

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.6%
2	NOVARTIS AG-REG CHF0.5	3.0%
3	ASTRAZENECA PLC USD0.25	2.4%
4	HSBC HOLDINGS PLC GBP 0.5000	2.2%
5	ALLIANZ SE-REG NPV	1.8%
6	SAP SE NPV	1.8%
7	SIEMENS AG-REG NPV	1.5%
8	BANCO SANTANDER SA EUR0.5	1.4%
9	UNICREDIT SPA NPV	1.2%
10	TERNA SPA EUR0.22	1.1%
11	UBS GROUP AG-REG CHF 0.1000	1.1%
12	GSK PLC GBP 25.0000	1.1%
13	UNITED UTILITIES GROUP PLC GBP0.05	1.0%
14	SEGRO PLC GBP0.1	1.0%
15	LEGRAND SA EUR4	1.0%
16	GIVAUDAN-REG CHF10	0.9%
17	ZURICH INSURANCE GROUP AG CHF0.1	0.9%
18	SWISS PRIME SITE-REG CHF15.3	0.9%
19	SANDVIK AB SEK1.2	0.9%
20	AENA SME SA EUR 1.0000	0.9%
21	INFINEON TECHNOLOGIES AG NPV	0.9%
22	Ferrovial NV EUR NPV	0.9%
23	AXA SA EUR2.29	0.8%
24	HALEON PLC GBP NPV	0.8%
25	SEVERN TRENT PLC GBP0.9789	0.8%
26	INTESA SANPAOLO NPV	0.8%
27	KLEPIERRE EUR1.4	0.8%
28	ANTOFAGASTA PLC GBP0.05	0.8%
29	GETLINK SE EUR0.4	0.8%
30	CAIXABANK SA EUR1	0.7%
31	LONZA GROUP AG-REG CHF1	0.7%
32	REDEIA CORPORACION SA EUR 0.5	0.7%
33	KONE OYJ-B NPV	0.7%
34	DEUTSCHE BOERSE AG NPV	0.7%
35	ATLAS COPCO AB-B SHS SEK 0.6390	0.7%
36	NORDEA BANK ABP EUR1	0.7%
37	LEGAL & GENERAL GROUP PLC GBP 2.5000	0.7%
38	PROSUS NV EUR0.05	0.7%
39	ASSA ABLOY AB-B SEK1	0.7%
40	ESSILORLUXOTTICA EUR0.18	0.7%
41	Sandoz Group AG CHF 0.05	0.6%
42	DEUTSCHE TELEKOM AG-REG NPV	0.6%
43	HALMA PLC GBP0.1	0.6%
44	SIKA AG-REG CHF0.01	0.6%
45	FERRARI NV EUR0.01	0.6%
46	GEBERIT AG-REG CHF0.1	0.6%
47	MOWI ASA NOK7.5	0.6%
48	KESKO OYJ-B SHS NPV	0.6%
49	LAND SECURITIES GROUP PLC GBP0.1066667	0.6%
50	HERMES INTERNATIONAL NPV	0.6%
51	SPOTIFY TECHNOLOGY SA EUR0.000625	0.6%
52	RECORDATI INDUSTRIA CHIMICA EUR0.125	0.6%
53	ASM INTERNATIONAL NV EUR0.04	0.6%
54	SWISS RE AG CHF 0.1000	0.6%
55	ALCON INC CHF0.04	0.6%
56	DHL AG EUR NPV	0.6%
57	UNIBAIL-RODAMCO-WESTFIELD EUR0.5	0.5%
58	RELX PLC GBP0.144397	0.5%
59	EDP Renewables SA EUR 5	0.5%
60	BNP PARIBAS EUR2	0.5%
61	NOKIA OYJ NPV	0.5%
62	ATLAS COPCO AB SEK NPV	0.5%
63	AIB GROUP PLC EUR0.625	0.5%
64	GALDERMA GROUP CHF 0.010000000	0.5%
65	KBC GROUP NV NPV	0.5%
66	NATWEST GROUP PLC GBP 1.0769	0.5%
67	Novonesis ( Novozymes ) B DKK 2	0.5%
68	ELIA GROUP NPV	0.5%
69	SKANDINAVISKA ENSKILDA BAN-A SEK10	0.5%
70	SAMPO PLC EUR NPV	0.5%
71	GECINA SA EUR7.5	0.5%
72	MERCK KGAA NPV	0.5%
73	COCA-COLA EUROPEAN PARTNERS USD 0.0100	0.5%
74	UCB SA NPV	0.5%
75	LONDON STOCK EXCHANGE GROUP GBP0.06918605	0.5%
76	BUNZL PLC GBP0.3214286	0.4%
77	BANCO BPM SPA NPV	0.4%
78	AVIVA GBP 0.33	0.4%
79	SPIRAX-SARCO ENGINEERING PLC GBP0.269231	0.4%
80	Helvetia Baloise Holdings AG CHF 0.02	0.4%
81	SVENSKA HANDELSBANKEN-A SHS SEK1.55	0.4%
82	ORION OYJ-CLASS B EUR0.65	0.4%
83	SCHINDLER HOLDING AG-REG CHF0.1	0.4%
84	DSV A/S DKK 1	0.4%
85	IPSEN EUR1	0.4%
86	SONOVA HOLDING AG-REG CHF0.05	0.4%
87	HANNOVER RUECK SE NPV	0.4%
88	VAT GROUP AG CHF0.1	0.4%
89	HEXAGON AB SEK NPV	0.4%
90	CHOCOLADEFABRIKEN LINDT-REG CHF100	0.4%
91	ERSTE GROUP BANK AG NPV	0.4%
92	VESTAS WIND SYSTEM DKK 0.20	0.4%
93	BPER Banca EUR3	0.4%
94	BEIERSDORF AG NPV	0.4%
95	ARGENX SE NPV	0.4%
96	SALMAR ASA NOK0.25	0.4%
97	AKZO NOBEL N.V. EUR0.5	0.4%
98	COVIVIO EUR3	0.4%
99	EUROFINS SCIENTIFIC EUR0.1	0.4%
100	PRYSMIAN SPA EUR0.1	0.4%
101	ORKLA ASA NOK1.25	0.4%
102	SCHINDLER HOLDING-PART CERT CHF0.1	0.4%
103	DEUTSCHE BANK AG-REGISTERED NPV	0.4%
104	COLOPLAST-B DKK1	0.4%
105	LOTUS BAKERIES NPV	0.4%
106	ERICSSON LM-B SHS SEK5	0.4%
107	QIAGEN NV EUR 0.01	0.4%
108	DNB BANK ASA NOK NPV	0.4%
109	SVENSKA CELLULOSA AB SCA-B SEK3.33	0.4%
110	ENDEAVOUR MINING PLC GBP 0.0100	0.3%
112	COCA-COLA HBC AG-DI GBP 6.7000	0.3%
113	DSM-FIRMENICH AG EUR 0.0100	0.3%
114	SMITH & NEPHEW PLC GBP 0.2000	0.3%
115	3I GROUP PLC GBP0.738636	0.3%
116	EURONEXT NV EUR1.6	0.3%
117	UNIPOL GRUPPO SPA NPV	0.3%
118	AMADEUS IT GROUP SA EUR0.01	0.3%
119	BIOMERIEUX NPV	0.3%
120	COMPASS GROUP PLC USD 11.0500	0.3%
121	KUEHNE + NAGEL INTL AG-REG CHF1	0.3%
122	SYMRISE AG NPV	0.3%
123	VONOVIA SE NPV	0.3%
124	NN GROUP NV EUR0.12	0.3%
125	VERBUND AG NPV	0.3%
126	SWISSCOM AG-REG CHF1	0.3%
127	GJENSIDIGE FORSIKRING ASA NOK2	0.3%
128	INDUTRADE AB SEK1	0.3%
129	FINECOBANK SPA EUR0.33	0.3%
130	AIR LIQUIDE SA EUR5.5	0.3%
131	BANQUE CANTONALE VAUDOIS-REG CHF10	0.3%
132	STMICROELECTRONICS NV EUR1.04	0.3%
133	KERRY GROUP PLC-A EUR0.125	0.3%
134	GEA GROUP AG NPV	0.3%
135	SWISS LIFE HOLDING AG-REG CHF5.1	0.3%
136	LOGITECH INTERNATIONAL-REG CHF0.25	0.3%
137	MONCLER SPA NPV	0.3%
138	ADMIRAL GROUP PLC GBP0.001	0.3%
139	TRELLEBORG AB-B SHS SEK25	0.3%
140	RATIONAL AG NPV	0.3%
141	ADIDAS AG NPV	0.3%
142	ACCIONA SA EUR1	0.3%
143	YANDEX NV-A EUR0.01	0.3%
144	BANCO DE SABADELL SA EUR0.125	0.3%
145	ADP EUR3	0.3%
146	STRAUMANN HOLDING AG CHF 0.01	0.3%
147	BE SEMICONDUCTOR INDUSTRIES EUR0.01	0.3%
148	HENKEL AG & CO KGAA NPV	0.3%
149	ASSICURAZIONI GENERALI EUR1	0.3%
150	BELIMO HOLDING AG CHF 0.05	0.3%
151	BANKINTER SA EUR0.3	0.3%
152	KERING EUR4	0.2%
153	Metso Corporation EUR NPV	0.2%
154	COMMERZBANK AG NPV	0.2%
155	INFORMA PLC GBP0.001	0.2%
156	PRUDENTIAL PLC GBP 5.0000	0.2%
157	KINGSPAN GROUP PLC EUR0.13	0.2%
158	TELE2 AB-B SHS SEK1.25	0.2%
159	SARTORIUS STEDIM BIOTECH EUR0.2	0.2%
160	BANCA MEDIOLANUM SPA EUR0.1	0.2%
161	PUBLICIS GROUPE EUR0.4	0.2%
162	BANK OF IRELAND GROUP PLC EUR1	0.2%
163	BOLIDEN AB SEK 2.1100	0.2%
164	TRYG A/S DKK5	0.2%
165	RENTOKIL INITIAL PLC GBP0.01	0.2%
166	ADDTECH AB-B SHARES SEK0.75	0.2%
167	WOLTERS KLUWER EUR0.12	0.2%
168	JULIUS BAER GROUP LTD CHF0.02	0.2%
169	SKANSKA AB-B SHS NPV	0.2%
170	DASSAULT SYSTEMES EUR 0.1	0.2%
171	SARTORIUS AG-VORZUG EUR NPV PFD	0.2%
172	ADYEN NV EUR0.01	0.2%
173	D'IETEREN GROUP EUR NPV	0.2%
174	AMUNDI SA EUR2.5	0.2%
175	PANDORA A/S DKK0.01	0.2%
176	KNORR-BREMSE AG NPV	0.2%
177	DEMANT A/S DKK0.2	0.2%
178	ORSTED A/S DKK10	0.2%
179	PEARSON PLC GBP0.25	0.2%
180	EPIROC AB SEK NPV	0.2%
181	PARTNERS GROUP HOLDING AG CHF0.01	0.2%
182	THE SAGE GROUP PLC GBP0.01051948	0.1%
183	SOCIETE GE EUR1.25	0.1%
184	AERCAP HOLDINGS NV EUR0.01	0.1%
185	BEIJER REF AB SEK NPV	0.1%
186	MARKS & SPENCER GROUP PLC GBP0.25	0.1%
187	CAPGEMINI SE EUR8	0.1%
188	BANCA MONTE DEI PASCHI SIENA EUR 0.0000	0.1%
189	CHOCOLADEFABRIKEN LINDT-PC CHF10	0.1%
190	JERONIMO MARTINS EUR1	0.1%
191	GENMAB A/S DKK1	0.1%
192	NIBE INDUSTRIER AB SEK NPV	0.1%
193	AEGON LIMITED EUR 0.12	0.1%
194	SMITHS GROUP PLC GBP0.375	0.1%
195	UNIVERSAL MUSIC GROUP EUR 10.0000	0.1%
196	WISE GROUP PLC USD 0.01	0.1%
197	M&G PLC GBP0.0005	0.1%
198	HENNES & MAURITZ AB-B SHS NPV	0.1%
199	ORANGE EUR4	0.1%
200	INTERCONTINENTAL HOTELS GROU USD 20.8521	0.1%
201	Cash and/or Derivatives	0.1%
202	DANSKE BANK A/S DKK10	0.1%
203	TELENOR ASA NOK6	0.1%
204	HENKEL AG & CO KGAA VORZUG EUR 0.0000 PFD	0.1%
205	INTERTEK GROUP PLC GBP0.01	0.1%
206	TALANX AG NPV	0.1%
207	KONINKLIJKE KPN NV EUR0.04	0.1%
208	ING GROEP NV EUR0.01	0.1%
209	ZALANDO SE NPV	0.1%
210	POSTE ITALIANE SPA EUR1	0.1%
211	CELLNEX TELECOM SA EUR0.25	0.1%
212	EXPERIAN PLC USD0.1	0.0%
213	EQT AB SEK0.1	0.0%
214	NEMETSCHEK SE NPV	0.0%
215	ALSTOM EUR7	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 80% of similar ETFs💰 All-in cost cheaper than 55%📈 Higher 1-yr return than 31%📊 Behind its category by 2.0% (1-yr) (category average +14.1%)

Versus the Equity (stocks) · Europe · EUR ETFs we track.

Advanced risk

8.7%

Downside deviation ?

67%

Up months (hit rate) ?

€6.55

52-week high ?

€5.53

52-week low ?

Concentration depth

~95 ?

Effective number of holdings

Roughly 215 companies are held, but the largest names carry most of the weight — so it behaves like ~95 equal-sized positions.

Tilt vs a world tracker

United States-71.6

Technology-16.7

United Kingdom+14.7

Switzerland+14.1

Netherlands+10.6

Financials+9.7

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

Estimated fund flows

+€3.9M

Estimated net flow, last 3 months

Estimated from fund-size changes.

Documents

📄 KID (PDF)

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Why it's similar	This is the fund on this page.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.	StocksPhysicalCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category.
Index tracked	MSCI Europe ESG Climate Paris Aligned Benchmark PAB Select Index	S&P 500 Daily Hedged Euro Net Total Return Index	S&P 500 Daily Hedged Euro Index Net TR	S&P 500 Daily Hedged Euro Index Net TR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR	STOXX Europe 600 (Net Return) EUR
Yearly fee (TER)	0.16%	0.05%	0.07%	0.07%	0.09%	0.15%	0.07%
All-in cost	0.22%	0.45%	0.00%	0.07%	0.09%	0.15%	0.07%
Fund size	€21.6M	€53.6B	€30.7B	€30.6B	€22.1B	€21.8B	€21.6B
Domicile	Ireland	Ireland	LU	LU	LU	LU	LU
Replication	Physical (full)	Synthetic (swap)	Synthetic (swap)	Synthetic (swap)	Physical (full)	Physical (full)	Physical (full)
3-yr return p.a.		+20.4%		+19.3%
5-yr return p.a.		+11.2%		+9.4%
# holdings	215	269	10	10	614	614	612

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Data as of 2026-10-15 · Source: issuer data, compiled by Finance Hamster

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