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Launched · SEC filings

Invesco MSCI Global Timber ETF

CUTNYSE ArcaInvescoD

$28.47−0.40 (−1.40%)

As of Nov 10, 2026, 11:10 AM ET

D32/ 100

Rank 5 of 5 in Agriculture & Food

D32/100Rank 5 of 5inAgriculture & Food
Intraday session: down, 18 prints from 28.87 to 28.47. Range 28.47 to 28.87. Use the arrow keys to read each point.28.6028.7028.8010 AM12 PM2 PM4 PM
Expense ratio
0.76%*
Fund size
$30M
1Y total return
+5.3%
Yield · Last 12 months
2.48%
Holdings
55
Avg volume · 30D
1.95K sh
52W range
low $26.30high $32.95
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Aug 31, 2027. Without it: 0.99%.

The ETF.net CUT Grade

Based on 5 of 6 pillars

D

Score 32 out of 100

Category
Agriculture & Food⁠
Rank
5 of 5
Six-pillar profile for CUT. Scores out of 100: Cost 15, Risk 28, Mission not scored, Tradability 37, Holdings 67, Durability 67. Strongest: Holdings (67). Weakest: Cost (15). Based on 5 of 6 pillars.

Score 32 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F15 out of 100
    Rank 5 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D28 out of 100
    Rank 5 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D37 out of 100
    Rank 4 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 1 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B67 out of 100
    Rank 3 of 5

Our read on CUT

ETF.net Research

In short

DThe first timber ETF to list in the US, running since 2007. It owns the forest and the mill: timberland owners plus the companies that turn logs into lumber, paper and packaging, across developed and emerging markets.

Stated mandate

The Fund is passively managed and seeks to generally match, before fees and expenses, the performance of the MSCI ACWI IMI Timber Select Capped Index. Its mandate covers securities connected with forest ownership and management and the manufacture of timber-based products.

Why people hold it

  • Launched November 2007, ahead of every other US-listed timber fund, so it carries a full cycle of history including the housing bust.stockanalysis.com
  • A genuine timber mandate: forest and timberland owners plus makers of finished wood products. Not a broad materials fund with a few lumber names bolted on.msci.com
  • The index builds from MSCI's all-country investable market universe, so large, mid and small caps across developed and emerging markets qualify, not just US timber REITs.msci.com
  • About 50 holdings, and the index is a capped version, which limits how big any single position can get.

Worth knowing

  • Costs 0.76% net of a waiver through August 31, 2027, and 0.99% without it. That sits above the category median; VEGI charges 0.39% and MOO 0.56%.
  • Assets stay small and the shares trade thinly, so bid-ask spreads can cost more than the fee on a short holding period.
  • Income lands once a year rather than quarterly, and most of the portfolio is priced in foreign currencies.

CUT Performance

Launched Nov 9, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CUT$10,534
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,339
Nov 7, 2025 to Nov 9, 2026. CUT $10,534. SPY $11,339. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 7, 2025 – Nov 9, 2026

Returns run to the Nov 9, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CUT. Periods over one year show the average yearly return.
PeriodCUT
Year to date−0.7%
1 month+4.8%
3 months−6.1%
1 year+5.3%
3 yearsper year+1.5%
5 yearsper year−2.4%
10 yearsper year+4.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CUT
YearReturn barCUT
2026 YTD−0.7%
2025−6.0%
2024+1.8%
2023+8.6%
2022−16.4%
2021+12.3%
2020+18.1%

CUT in the news

CUT Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 9, 2026.
2.48%Last 12 months
Payout per share
$0.72Last 12 months
Last payment
$0.72 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.50; Dec 24, 2018 $0.82; Dec 23, 2019 $0.77; Dec 21, 2020 $0.55; Dec 20, 2021 $0.58; Dec 19, 2022 $0.78; Dec 18, 2023 $0.78; Dec 23, 2024 $0.97; Dec 22, 2025 $0.72. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$0.72
Dec 23, 2024Dec 27, 2024$0.97
Dec 18, 2023Dec 22, 2023$0.78
Dec 19, 2022Dec 23, 2022$0.78
Dec 20, 2021Dec 31, 2021$0.58
Dec 21, 2020Dec 31, 2020$0.55
Dec 23, 2019Dec 31, 2019$0.77
Dec 24, 2018Dec 31, 2018$0.82
Dec 26, 2017Dec 29, 2017$0.50
Dec 23, 2016Dec 30, 2016$0.52
Dec 24, 2015Dec 31, 2015$0.36
Dec 24, 2014Dec 31, 2014$0.69

See all 19 payments⁠

$10,000 in CUT 10 years ago paid $2,914 in dividends.⁠

CUT Risk

Risk pillarD28 out of 100Rank 5 of 5 in Agriculture & Food
How much the fund’s monthly returns vary, scaled to a year.
16.1%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
−0.10
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−28.2%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.75
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CUT Cost

Compare CUT and VEGI

Overpaying vs VEGI, cheapest in Agriculture & Food

$6,758

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CUT 0.76%

    $14,656

  • VEGI 0.39% Cheapest

    $7,898

$10,000
30 years

Cost over time

  • CUT 0.76%
  • VEGI 0.39%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CUT $14,656VEGI $7,898

Year by year

YearCUTVEGIOverpaying
10$1,353$705$648
20$5,142$2,725$2,417
30$14,656$7,898$6,758
How the 0.76% is worked out

Full fee 0.99%− waiver 0.23%= you pay 0.76%

The waiver ends Aug 31, 2027. After that the fee is 0.99% unless Invesco renews it. Source: prospectus, Feb 2026.

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