Invesco MSCI Global Timber ETF
$27.77+0.31 (+1.14%)
- 0.99%
- $29M
- +0.2%
- 2.61%
- 0M sh
- $27.51
- low $26.30high $32.95
The ETF.net CUT Grade
D
Score 31 out of 100
- 5 of 5
Score 31 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.F12 out of 100Rank 5 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D29 out of 100Rank 5 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 5 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A70 out of 100Rank 1 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B67 out of 100Rank 3 of 5
Our read on CUT
DTrees, on an exchange. CUT has tracked a global timber index since 2007, holding roughly 50 forest and timberland owners plus wood-product companies, a real-asset corner that broad market funds barely touch.
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
- A rare pure play on wood. The index screens for companies that own or manage forests and timberland, or make timber-based products, so you get the chain from standing trees to finished lumber.invesco.com
- Launched in 2007, so this theme has been running through a housing bust, a building boom and everything after. Very few thematic funds carry that much history.
- Global by construction: it follows an MSCI all-country, all-cap timber index, putting non-US forestry names next to US timberland owners rather than stopping at the border.
- The benchmark is a capped index, a design that limits how much of the basket any single name can occupy in a small, concentrated industry.
Worth knowing
- The price of niche: a 0.99% expense ratio, well above the median for global thematic funds. That is a real annual drag next to broad index alternatives.
- A small fund that trades thinly. Expect wider bid-ask spreads than mainstream index funds, and larger orders can move the price more.
- About 50 stocks in one industry tied to housing, packaging and pulp demand, so it moves with cycles a diversified fund would smooth out. Distributions come once or twice a year, not monthly.
CUT Holdings
- Stocks
- 54
- 49%
- SCA-B.ST
Sectors
- Consumer Discretionary47.0%
- Materials44.3%
- Real Estate8.8%
Geography
- United States30.50%
- Finland13.94%
- Sweden9.33%
- Switzerland8.86%
- Brazil7.65%
- Japan6.25%
- Canada6.24%
- Ireland4.65%
- 12.58%
Developed 82% · Emerging 18%
CUT Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CUT$10,023
Returns run to the Oct 12, 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.
| Period | CUT |
|---|---|
| Year to date | −5.5% |
| 1 month | −5.2% |
| 3 months | −2.0% |
| 1 year | +0.2% |
| 3 years | −0.1% |
| 5 years | −3.0% |
| 10 years | +3.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CUT |
|---|---|---|
| 2026 YTD | −5.5% | |
| 2025 | −6.0% | |
| 2024 | +1.8% | |
| 2023 | +8.6% | |
| 2022 | −16.4% | |
| 2021 | +12.3% | |
| 2020 | +18.1% |
CUT in the news
CUT Dividends
- 2.61%
- $0.72
- $0.72 per share
- Annual
Distribution history
CUT Risk
- 16.2%
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.
- −0.18
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.
- −28.2%
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.
- 0.73
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CUT Cost
0.99%
CUT0.99%
- The middle half of Agriculture & Food funds
- Median 0.56%
Every other Agriculture & Food fund charges less.
Other funds in Agriculture & Food
- AVEGIiShares MSCI Agriculture Producers ETFExpense ratio 0.39%1 year return +19.2%
- BMOOVanEck Agribusiness ETFExpense ratio 0.56%1 year return +15.8%
- CKROPGlobal X AgTech & Food Innovation ETFExpense ratio 0.50%1 year return +16.8%
- CFTAGFirst Trust Indxx Global Agriculture ETFExpense ratio 0.70%1 year return +14.4%