Key stats
About Invesco MSCI Global Timber ETF
Expense ratio
0.67%
Home page
Inception date
Nov 9, 2007
CUT offers plain-vanilla exposure to timber-related equities. The fund selects and weights stocks by market cap, and limits single-stock positions at 5%. The position limit matters in this highly concentrated space the fund caps its exposure to stay RIC-compliant, obtaining more diversification while reducing its pure play exposure. Its MSCI Index holds stocks in the forest, paper and paper packaging industries (per GICS) as well as specialized timber REITS to cover the likes of Weyerhaeuser. Prior to May 20, 2016, CUT tracked the Beacon Global Timber Index, an index with a multifactor selection process that aimed to pick winners rather than match the market. The change was material with respect to holdings, but the funds overall focus has not wavered from global timber exposure.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Process Industries
Stocks98.60%
Process Industries76.61%
Finance9.35%
Non-Energy Minerals8.73%
Producer Manufacturing3.75%
Bonds, Cash & Other1.40%
UNIT1.54%
Miscellaneous0.04%
Cash−0.18%
Stock breakdown by region
North America51.01%
Europe34.09%
Asia7.34%
Latin America6.35%
Africa0.84%
Middle East0.37%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history