Invesco RAFI US Fundamental Value UCITS ETF Dist

What this fund is

Invesco RAFI US Fundamental Value UCITS ETF Dist is an exchange-traded fund (ETF) from Invesco, traded under the ticker PSRF (ISIN IE00B23D8S39). 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 their growth when they do well — and their falls when they don't, spread across its target market. It follows the RAFI Fundamental US Index NTR index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include APPLE INC USD0.00001, ALPHABET INC-CL A USD0.001 and INTEL CORP USD0.001. With about 528 holdings (the ten largest ≈ 25%), your money is diversified rather than concentrated in a handful of names.

By geography it is weighted towards ~96.8% United States, ~1.9% Ireland and ~0.4% Switzerland. Its heaviest sectors are ~21.1% Technology and ~17% Financials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.39% a year — about €39 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is paid out to you as cash (a distributing share class), and over the last year it paid out roughly 0.66% (its trailing yield).

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. Its price has swung about 24.2% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2007. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Invesco.)