September 2026 — what changed

Invesco RAFI Europe Fundamental Value UCITS ETF Dist · IE00B23D8X81 · PSRE · snapshots compared: 20 Aug → 1 September 2026

In brief: 0 holdings added and 1 removed from the basket · large-holding weights nearly unchanged · monthly return +0.3% · costs and key facts unchanged.

Basket — holdings added (0)

None.

Basket — holdings removed (1)

Holding	Weight on exit
JOHNSON MATTHEY PLC GBP1.109245	0.02%

Holdings compared (excluding cash instruments): 364 → 363.

Holding weights

No change beyond ±0.25 points. The largest: ROCHE HOLDINGS AG CHF NPV, 2.29% → 2.12%.

Top 10 — before and after

Holding	13 Aug	1 Sept
SHELL PLC GBP 0.0700	4.28%	4.47%
TOTAL ENERGIES SE EUR2.5	3.02%	3.12%
HSBC HOLDINGS PLC GBP 0.5000	2.71%	2.73%
ROCHE HOLDINGS AG CHF NPV	2.21%	2.12%
BP PLC GBP 0.2500	1.83%	1.90%
GLENCORE PLC GBP 0.0100	1.71%	1.84%
NOVARTIS AG-REG CHF0.5	1.47%	1.55%
BANCO SANTANDER SA EUR0.5	1.53%	1.50%
NESTLE SA-REG CHF0.1	1.45%	1.40%
BNP PARIBAS EUR2	1.49%	1.37%

Combined top-10 weight: 21.7% → 22%.

Sectors — where the weight moved

Energy

12.7 → 13.3

Materials

9.1 → 9.5

Financials

24.3 → 24.0

Industrials

11.7 → 11.5

Other

4.3 → 4.1

Bars scaled to the change: orange = up, grey = down. Basket percentages at the two snapshots.

Countries

Country	13 Aug	1 Sept
France	13.9%	13.5%
Other	14.8%	15.1%
United States	14.6%	14.9%

The three countries that moved the most between the two snapshots.

Monthly return

+0.3% in EUR (NAV 16.29 → 16.34, 31 Aug → 3 Sept). Distributions in the month: 0.087 EUR (ex-date 10 Sept).

Costs and key facts

TER	0.39% — unchanged
Transaction costs (KID)	0.11% — unchanged
Index, name, policy	no change in the period

Issuer-declared basket snapshots, compared by Rebalix. Each section states its own dates: the basket comparison uses the issuer file dates; top 10 and breakdowns the dates of the two archived snapshots. Weight changes are shown above ±0.25 points (the archive records them from ±0.1). We record the past: nothing on this page is a recommendation.