Key stats
About Invesco MSCI Global Timber ETF
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Inception date
Nov 9, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Invesco Capital Management LLC
Distributor
Invesco Distributors, Inc.
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
Stocks98.10%
Process Industries76.37%
Finance9.14%
Non-Energy Minerals8.39%
Producer Manufacturing4.19%
Bonds, Cash & Other1.90%
UNIT1.67%
Mutual fund0.19%
Rights & Warrants0.04%
Cash0.01%
Stock breakdown by region
North America43.61%
Europe39.62%
Asia8.57%
Latin America7.18%
Africa0.65%
Middle East0.36%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
CUT invests in stocks. The fund's major sectors are Process Industries, with 76.37% stocks, and Finance, with 9.14% of the basket. The assets are mostly located in the North America region.
CUT top holdings are Weyerhaeuser Company and Packaging Corporation of America, occupying 5.19% and 5.01% of the portfolio correspondingly.
CUT last dividends amounted to 0.97 USD. The year before, the issuer paid 0.78 USD in dividends, which shows a 19.08% increase.
CUT assets under management is 46.23 M USD. It's fallen 3.03% over the last month.
CUT fund flows account for −1.58 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, CUT pays dividends to its holders with the dividend yield of 3.23%. The last dividend (Dec 27, 2024) amounted to 0.97 USD. The dividends are paid annually.
CUT shares are issued by Invesco Ltd. under the brand Invesco. The ETF was launched on Nov 9, 2007, and its management style is Passive.
CUT expense ratio is 0.74% meaning you'd have to pay 0.74% of your investment to help manage the fund.
CUT follows the MSCI ACWI IMI Timber Select Capped Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
CUT invests in stocks.
CUT price has fallen by −1.19% over the last month, and its yearly performance shows a −8.82% decrease. See more dynamics on CUT price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.81% over the last month, showed a −3.56% decrease in three-month performance and has decreased by −6.53% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.81% over the last month, showed a −3.56% decrease in three-month performance and has decreased by −6.53% in a year.
CUT trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.