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PAES ETF · Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF
The PAES Exchange Traded Fund (ETF) is provided by Invesco. It is built to track an index: MSCI Europe ESG Climate Paris Aligned Benchmark Select Index. The PAES ETF provides physical exposure, so by buying it you actually own parts of all the 203 underlying holdings. The dividend policy is capitalization.
Last update 3/13/2026, 8:00 AM UTC
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CLOSED
This fund is part ofEurope Large and Mid Cap1M perf.-6.57%
Last price
£5.00
1M perf.
-3.56%
1M flows
N/A
AuM
€35M
E/R
0.16%
Rating
ESG Consensus®
PAES
£5.00
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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PAES
€5.79
+1.50%
Europe Large and Mid Cap
-0.44%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.56%  | +1.50%  | +8.32%  | +34.91% | N/A | -6.47% | -0.21% | -0.21% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/13/2026
€5.79
1D NAV change
-0.53%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
203
Inception date
12/6/2021
Jurisdiction
Ireland
Distribution
Ireland
Austria
Switzerland
Germany
Denmark
Legal structure
Open-end Investment Company
Base currency
EUR
Classification
Product type
Benchmark
MSCI Europe ESG Climate Paris Aligned Benchmark Select Index
Asset class
Factors
N/A
Investment strategy
The Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF aims to provide the net total return performance of the MSCI Europe ESG Climate Paris Aligned Benchmark Select Index (the “Reference Index”), less the impact of fees.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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E/R
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1M perf.
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E/R
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +1.50%  | +8.32% | +34.91% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
United Kingdom
19.30%
Switzerland
15.40%
Netherlands
11.00%
France
11.00%
Germany
10.70%
Sweden
7.50%
Italy
6.50%
Spain
4.60%
Unavailable
1.50%
Other
12.50%
Sectors
Financials
23.00%
Industrials
18.10%
Health Care
13.60%
Information Technology
11.60%
Utilities
5.50%
Real Estate
5.50%
Consumer Discretionary
5.00%
Consumer Staples
4.30%
Unavailable
6.30%
Other
7.10%
Diversification
Total weight of top 15 holdings out of 203
Top 15 holdings
Data as of January 31, 2026
ASML HOLDING
NOVARTIS
ASTRAZENECA
ALLIANZ SE
SIEMENS
SAP SE
HSBC HOLDINGS
UNICREDIT SPA
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AKZO NOBEL
UBS GROUP AG
SWISS PRIME SITE
TERNA RETE ELETTRICA NAZIONALE
NL0015001FS8
ESSILORLUXOTTICA
LEGRAND
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
Yes
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about PAES ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
PAES’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
82.49% of holdings have positive scoring
19.04% of holdings have negative scoring
7.68%
51.99%
22.82%
5.02%
13.61%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Europe ESG Climate Paris Aligned Benchmark Select Net Index - EUR
Index ticker
NE739029 Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Invesco
Invesco ID Card
Number of funds
631
Total AuM
€846.61B
Expense ratio range
0.04% - 5.39%
Average expense ratio
0.3562%
Top 5 funds by Invesco
| AuM | ||
|---|---|---|
QQQ | Invesco QQQ ETF | €334.28B |
RSP | Invesco S&P 500® Equal Weight ETF | €73.51B |
QQQM | Invesco NASDAQ 100 ETF | €60.56B |
SPXS | Invesco S&P 500 UCITS ETF | €30.51B |
SGLD | Invesco Physical Gold USD ETC | €28.5B |
Frequently asked questions about PAES
What does Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF, PAES, invest in?
PAES is a Passive ETF. This ETF provides exposure to Other Large and Mid-Cap European Equities.
Which benchmark or index does PAES replicate?
PAES tracks the MSCI Europe ESG Climate Paris Aligned Benchmark Select Net Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of PAES?
PAES carries a total expense ratio (TER) of 0.16%, indicating the annual cost for holding the fund.
When was PAES launched?
PAES was introduced to the market on December 6, 2021. It trades on Ireland, among other exchanges
Who is the ETF issuer of PAES?
Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETF, PAES, is provided by Invesco. Learn more about Invesco here.
What is the current assets under management (AUM) of PAES?
PAES oversees €35M in assets as of March 13, 2026.
How has PAES performed lately?
Based on data from March 13, 2026, PAES returned -3.56% over the past month, 1.50% over the last three months and -0.21% year-to-date.
Does PAES distribute dividends?
PAES follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of PAES?
As of January 31, 2026, PAES has significant geographic allocations in United Kingdom, Switzerland and Netherlands.
In which sector or theme does PAES invest in?
As of January 31, 2026, PAES focuses largely on Financials, Industrials and Health Care.
How many securities does PAES hold and how diversified is it?
As of January 31, 2026, PAES holds 203 positions in its portfolio, with 26.20% of assets concentrated in its top 15 holdings.
What are the main positions in PAES?
As of January 31, 2026, PAES top three holdings include ASML HOLDING, NOVARTIS and ASTRAZENECA.
What is the base currency of PAES?
The base currency of PAES is EUR.
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