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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

Find funds like this

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) ?

€17.8M

Risk level (SRI) ?

4 / 7 · Medium

1-year return ?

+16.2%

Total return · to 2026-07-20

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 222 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+9.8%

1 year+16.2%

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

+23.6%

Since inception

Total growth since launch — about +10.4% 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 21.4% of the fund — the rest is spread across roughly 211 more companies.

Top 10 holdings

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.5%
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	SIEMENS AG-REG NPV	1.5%
7	BANCO SANTANDER SA EUR0.5	1.3%
8	UNICREDIT SPA NPV	1.3%
9	SAP SE NPV	1.2%
10	TERNA SPA EUR0.22	1.2%

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 2026-07-20 · the fund's own published holdings.

#	Company	Weight
1	ASML HOLDING NV EUR0.09	5.5%
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	SIEMENS AG-REG NPV	1.5%
7	BANCO SANTANDER SA EUR0.5	1.3%
8	UNICREDIT SPA NPV	1.3%
9	SAP SE NPV	1.2%
10	TERNA SPA EUR0.22	1.2%
11	UBS GROUP AG-REG CHF 0.1000	1.2%
12	GSK PLC GBP 25.0000	1.1%
13	Ferrovial NV EUR NPV	1.0%
14	SWISS PRIME SITE-REG CHF15.3	1.0%
15	UNITED UTILITIES GROUP PLC GBP0.05	1.0%
16	INFINEON TECHNOLOGIES AG NPV	1.0%
17	ZURICH INSURANCE GROUP AG CHF0.1	1.0%
18	SEGRO PLC GBP0.1	1.0%
19	LEGRAND SA EUR4	0.9%
20	AENA SME SA EUR 1.0000	0.9%
21	AXA SA EUR2.29	0.9%
22	SANDVIK AB SEK1.2	0.8%
23	KLEPIERRE EUR1.4	0.8%
24	GIVAUDAN-REG CHF10	0.8%
25	HALEON PLC GBP NPV	0.8%
26	INTESA SANPAOLO NPV	0.8%
27	SEVERN TRENT PLC GBP0.9789	0.8%
28	GETLINK SE EUR0.4	0.8%
29	CAIXABANK SA EUR1	0.8%
30	ANTOFAGASTA PLC GBP0.05	0.8%
31	HERMES INTERNATIONAL NPV	0.7%
32	ESSILORLUXOTTICA EUR0.18	0.7%
33	REDEIA CORPORACION SA EUR 0.5	0.7%
34	PROSUS NV EUR0.05	0.7%
35	LONZA GROUP AG-REG CHF1	0.7%
36	DEUTSCHE TELEKOM AG-REG NPV	0.7%
37	LEGAL & GENERAL GROUP PLC GBP 2.5000	0.7%
38	NORDEA BANK ABP EUR1	0.7%
39	HALMA PLC GBP0.1	0.7%
40	LAND SECURITIES GROUP PLC GBP0.1066667	0.7%
41	ASSA ABLOY AB-B SEK1	0.6%
42	ATLAS COPCO AB-B SHS SEK 0.6390	0.6%
43	UNIBAIL-RODAMCO-WESTFIELD EUR0.5	0.6%
44	KONE OYJ-B NPV	0.6%
45	CHOCOLADEFABRIKEN LINDT-REG CHF100	0.6%
46	DSV A/S DKK 1	0.6%
47	BNP PARIBAS EUR2	0.6%
48	ALCON INC CHF0.04	0.6%
49	ASM INTERNATIONAL NV EUR0.04	0.6%
50	EDP Renewables SA EUR 5	0.6%
51	GEBERIT AG-REG CHF0.1	0.6%
52	FERRARI NV EUR0.01	0.6%
53	Sandoz Group AG CHF 0.05	0.6%
54	DEUTSCHE BOERSE AG NPV	0.6%
55	ELIA GROUP NPV	0.6%
56	SUNBELT RENTALS HOLDINGS INC GBP 0.0100	0.6%
57	SIKA AG-REG CHF0.01	0.6%
58	MOWI ASA NOK7.5	0.5%
59	RECORDATI INDUSTRIA CHIMICA EUR0.125	0.5%
60	DHL Group-REG NPV	0.5%
61	GECINA SA EUR7.5	0.5%
62	SWISS RE AG CHF 0.1000	0.5%
63	NOKIA OYJ NPV	0.5%
64	UCB SA NPV	0.5%
65	GALDERMA GROUP CHF 0.010000000	0.5%
66	SPOTIFY TECHNOLOGY SA EUR0.000625	0.5%
67	SAMPO PLC EUR NPV	0.5%
68	KESKO OYJ-B SHS NPV	0.5%
69	KBC GROUP NV NPV	0.5%
70	NATWEST GROUP PLC GBP 1.0769	0.5%
71	ATLAS COPCO AB SEK NPV	0.5%
72	SKANDINAVISKA ENSKILDA BAN-A SEK10	0.5%
73	RELX PLC GBP0.144397	0.5%
74	AIB GROUP PLC EUR0.625	0.5%
75	LONDON STOCK EXCHANGE GROUP GBP0.06918605	0.5%
76	COVIVIO EUR3	0.5%
77	Novonesis ( Novozymes ) B DKK 2	0.5%
78	IPSEN EUR1	0.5%
79	BANCO BPM SPA NPV	0.5%
80	Helvetia Baloise Holdings AG CHF 0.02	0.4%
81	BUNZL PLC GBP0.3214286	0.4%
82	MERCK KGAA NPV	0.4%
83	COCA-COLA EUROPEAN PARTNERS USD 0.0100	0.4%
84	VAT GROUP AG CHF0.1	0.4%
85	SCHINDLER HOLDING AG-REG CHF0.1	0.4%
86	PRYSMIAN SPA EUR0.1	0.4%
87	VONOVIA SE NPV	0.4%
88	ORKLA ASA NOK1.25	0.4%
89	AVIVA GBP 0.33	0.4%
90	SPIRAX-SARCO ENGINEERING PLC GBP0.269231	0.4%
91	ERSTE GROUP BANK AG NPV	0.4%
92	BPER Banca EUR3	0.4%
93	ARGENX SE NPV	0.4%
94	SVENSKA HANDELSBANKEN-A SHS SEK1.55	0.4%
95	DEUTSCHE BANK AG-REGISTERED NPV	0.4%
96	HANNOVER RUECK SE NPV	0.4%
97	COCA-COLA HBC AG-DI GBP 6.7000	0.4%
98	BEIERSDORF AG NPV	0.4%
99	SCHINDLER HOLDING-PART CERT CHF0.1	0.4%
100	AKZO NOBEL N.V. EUR0.5	0.4%
101	VESTAS WIND SYSTEM DKK 0.20	0.4%
102	ORION OYJ-CLASS B EUR0.65	0.4%
103	STMICROELECTRONICS NV EUR1.04	0.4%
104	3I GROUP PLC GBP0.738636	0.4%
105	SMITH & NEPHEW PLC GBP 0.2000	0.4%
106	ERICSSON LM-B SHS SEK5	0.4%
107	EUROFINS SCIENTIFIC EUR0.1	0.3%
108	UNIPOL GRUPPO SPA NPV	0.3%
109	FINECOBANK SPA EUR0.33	0.3%
110	COLOPLAST-B DKK1	0.3%
111	SALMAR ASA NOK0.25	0.3%
112	BE SEMICONDUCTOR INDUSTRIES EUR0.01	0.3%
113	NN GROUP NV EUR0.12	0.3%
114	DNB BANK ASA NOK NPV	0.3%
115	GJENSIDIGE FORSIKRING ASA NOK2	0.3%
116	COMPASS GROUP PLC USD 11.0500	0.3%
117	AIR LIQUIDE SA EUR5.5	0.3%
118	LOTUS BAKERIES NPV	0.3%
119	SONOVA HOLDING AG-REG CHF0.05	0.3%
120	ADIDAS AG NPV	0.3%
121	AMADEUS IT GROUP SA EUR0.01	0.3%
122	MONCLER SPA NPV	0.3%
123	SWISSCOM AG-REG CHF1	0.3%
124	HEXAGON AB SEK NPV	0.3%
125	ACCIONA SA EUR1	0.3%
126	QIAGEN NV EUR 0.01	0.3%
127	KUEHNE + NAGEL INTL AG-REG CHF1	0.3%
129	BANQUE CANTONALE VAUDOIS-REG CHF10	0.3%
130	SYMRISE AG NPV	0.3%
131	EURONEXT NV EUR1.6	0.3%
132	SWISS LIFE HOLDING AG-REG CHF5.1	0.3%
133	ENDEAVOUR MINING PLC GBP 0.0100	0.3%
134	RENTOKIL INITIAL PLC GBP0.01	0.3%
135	INDUTRADE AB SEK1	0.3%
136	SVENSKA CELLULOSA AB SCA-B SEK3.33	0.3%
137	BIOMERIEUX NPV	0.3%
138	VERBUND AG NPV	0.3%
139	DSM-FIRMENICH AG EUR 0.0100	0.3%
140	RATIONAL AG NPV	0.3%
141	KERING EUR4	0.3%
142	STRAUMANN HOLDING AG CHF 0.01	0.3%
143	LOGITECH INTERNATIONAL-REG CHF0.25	0.3%
144	ADMIRAL GROUP PLC GBP0.001	0.3%
145	KERRY GROUP PLC-A EUR0.125	0.3%
146	ADP EUR3	0.3%
147	GEA GROUP AG NPV	0.3%
148	PRUDENTIAL PLC GBP 5.0000	0.3%
149	HENKEL AG & CO KGAA NPV	0.3%
150	ASSICURAZIONI GENERALI EUR1	0.2%
151	BELIMO HOLDING AG CHF 0.05	0.2%
152	BANKINTER SA EUR0.3	0.2%
153	TRELLEBORG AB-B SHS SEK25	0.2%
154	YANDEX NV-A EUR0.01	0.2%
155	INPOST SA EUR 0.0100	0.2%
156	BANCO DE SABADELL SA EUR0.125	0.2%
157	SAGAX AB-B SEK1.75	0.2%
158	INFORMA PLC GBP0.001	0.2%
159	TELE2 AB-B SHS SEK1.25	0.2%
160	COMMERZBANK AG NPV	0.2%
161	TRYG A/S DKK5	0.2%
162	ADDTECH AB-B SHARES SEK0.75	0.2%
163	Metso Corporation EUR NPV	0.2%
164	BANCA MEDIOLANUM SPA EUR0.1	0.2%
165	JULIUS BAER GROUP LTD CHF0.02	0.2%
166	BOLIDEN AB SEK 2.1100	0.2%
167	BANK OF IRELAND GROUP PLC EUR1	0.2%
168	ORSTED A/S DKK10	0.2%
169	PUBLICIS GROUPE EUR0.4	0.2%
170	SARTORIUS STEDIM BIOTECH EUR0.2	0.2%
171	D'IETEREN GROUP EUR NPV	0.2%
172	SKANSKA AB-B SHS NPV	0.2%
173	AMUNDI SA EUR2.5	0.2%
174	KNORR-BREMSE AG NPV	0.2%
175	SARTORIUS AG-VORZUG EUR NPV PFD	0.2%
176	PARTNERS GROUP HOLDING AG CHF0.01	0.2%
177	KINGSPAN GROUP PLC EUR0.13	0.2%
178	SOCIETE GE EUR1.25	0.2%
179	SCHODERS PLC OR GBP 0.20	0.2%
180	ADYEN NV EUR0.01	0.2%
181	PANDORA A/S DKK0.01	0.2%
182	WOLTERS KLUWER EUR0.12	0.2%
183	DASSAULT SYSTEMES EUR 0.1	0.1%
184	PEARSON PLC GBP0.25	0.1%
185	AERCAP HOLDINGS NV EUR0.01	0.1%
186	BEIJER REF AB SEK NPV	0.1%
187	FASTIGHETS AB BALD SEK NPV	0.1%
188	EPIROC AB SEK NPV	0.1%
189	DEMANT A/S DKK0.2	0.1%
190	BANCA MONTE DEI PASCHI SIENA EUR 0.0000	0.1%
191	MARKS & SPENCER GROUP PLC GBP0.25	0.1%
192	THE SAGE GROUP PLC GBP0.01051948	0.1%
193	JERONIMO MARTINS EUR1	0.1%
194	AEGON LIMITED EUR 0.12	0.1%
195	UNIVERSAL MUSIC GROUP EUR 10.0000	0.1%
196	CAPGEMINI SE EUR8	0.1%
197	NIBE INDUSTRIER AB SEK NPV	0.1%
198	SCOUT24 AG NPV	0.1%
199	SMITHS GROUP PLC GBP0.375	0.1%
200	ORANGE EUR4	0.1%
201	M&G PLC GBP0.0005	0.1%
202	WISE GROUP PLC USD 0.01	0.1%
203	GENMAB A/S DKK1	0.1%
204	HENNES & MAURITZ AB-B SHS NPV	0.1%
205	DANSKE BANK A/S DKK10	0.1%
206	INTERCONTINENTAL HOTELS GROU USD 20.8521	0.1%
207	TELENOR ASA NOK6	0.1%
208	HENKEL AG & CO KGAA VORZUG EUR 0.0000 PFD	0.1%
209	INTERTEK GROUP PLC GBP0.01	0.1%
210	ZALANDO SE NPV	0.1%
211	CHOCOLADEFABRIKEN LINDT-PC CHF10	0.1%
212	POSTE ITALIANE SPA EUR1	0.1%
213	KONINKLIJKE KPN NV EUR0.04	0.1%
214	TALANX AG NPV	0.1%
215	CELLNEX TELECOM SA EUR0.25	0.1%
216	ING GROEP NV EUR0.01	0.1%
217	EXPERIAN PLC USD0.1	0.0%
218	CTS EVENTIM AG & Co KGaA NPV	0.0%
219	EQT AB SEK0.1	0.0%
220	NEMETSCHEK SE NPV	0.0%
221	ALSTOM EUR7	0.0%
222	Cash and/or Derivatives	0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 78% of similar ETFs💰 All-in cost cheaper than 52%📈 Higher 1-yr return than 48%📊 Behind its category by 1.0% (1-yr) (category average +17.2%)

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

Advanced risk

8.8%

Downside deviation ?

75%

Up months (hit rate) ?

€6.50

52-week high ?

€5.34

52-week low ?

Concentration depth

~96 ?

Effective number of holdings

Roughly 222 companies are held, but the largest names carry most of the weight — so it behaves like ~96 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).

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.	StocksCheaper fee Tracks a different index in the same category.	StocksAccumulatingCheaper fee Tracks a different index in the same category.	StocksAccumulatingPhysicalCheaper 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.
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%	0.07%	0.15%
All-in cost	0.22%	0.45%	0.07%	0.00%	0.09%	0.00%	0.00%
Fund size	€17.8M	€49.8B	€27.1B	€27.1B	€20.6B	€20.5B	€20.5B
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.		+16.9%	+16.2%
5-yr return p.a.		+10.3%	+9.4%
# holdings	222	288	10	10	614	615	615

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Data as of 2026-07-20 · Source: issuer data, compiled by Finance Hamster

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