Continue to site >
Trending ETFs

Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$32.56

$53.7 M

2.40%

$0.78

0.82%

Vitals

YTD Return

1.5%

1 yr return

11.5%

3 Yr Avg Return

-3.0%

5 Yr Avg Return

6.5%

Net Assets

$53.7 M

Holdings in Top 10

55.2%

52 WEEK LOW AND HIGH

$32.2
$28.15
$34.45

Expenses

OPERATING FEES

Expense Ratio 0.82%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

N/A

IRA

N/A


Fund Classification

Fund Type

Exchange Traded Fund


Name

As of 07/10/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$32.56

$53.7 M

2.40%

$0.78

0.82%

CUT - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.51%
DIVIDENDS
  • Dividend Yield 2.4%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Invesco MSCI Global Timber ETF
  • Fund Family Name
    INVESCOETF
  • Inception Date
    Nov 09, 2007
  • Shares Outstanding
    2300000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Jeanette

Fund Description

The Fund generally will invest at least 90% of its total assets in the securities that comprise the Underlying Index, as well as American depositary receipts (“ADRs”) and global depositary receipts (“GDRs”) that represent securities in the Underlying Index.
Strictly in accordance with its guidelines and mandated procedures, MSCI, Inc. (“MSCI” or the “Index Provider”) compiles, maintains, and calculates the Underlying Index, which is comprised of equity securities of companies in both developed and emerging markets throughout the world
that are engaged in the ownership and management of forests and timberlands and the production of finished products that use timber as a raw material.
The securities in the Underlying Index are selected from a universe of securities that are included in the MSCI ACWI Investable Market Index (the “Parent Index”) and classified by the Global Industry Classification Standard (“GICS”) to be in the sub-industries of forest products, paper products, paper and plastic packaging products and materials or specialized real estate investment trusts (“REITs”) classified as “timber” REITs.
The constituents of the Underlying Index are weighted based on their free float-adjusted market capitalization. As of December 31, 2023, the Underlying Index was comprised of 71 securities with market capitalizations ranging from $101.2 million to $25.4 billion and represented the following countries: Brazil, Canada, Chile, China, Finland, India, Indonesia, Ireland, Japan, Norway, Portugal, Saudi Arabia, South Africa, South Korea, Spain, Sweden, Switzerland, Taiwan, Thailand, the United Kingdom (“UK”), and the United States.
The Fund employs a “full replication” methodology in seeking to track the Underlying Index, meaning that the Fund generally invests in all of the securities comprising the Underlying Index in proportion to their weightings in the Underlying Index.
The Fund is “non-diversified” and therefore is not required to meet certain diversification requirements under the Investment Company Act of 1940, as amended (the “1940 Act”).
Concentration Policy. The Fund will concentrate its investments (i.e., invest more than 25% of the value of its net assets) in securities of issuers in any one industry or group of industries only to the extent that the Underlying Index reflects a concentration in that industry or group of industries. The Fund will not otherwise concentrate its investments in securities of issuers in any one industry or group of industries. As of October 31, 2023, the Fund had significant exposure to the materials sector and the global timber industry. The Fund’s portfolio holdings, and the extent to which it concentrates its investments, are likely to change over time.
Read More

CUT - Performance

Return Ranking - Trailing

Period CUT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -21.0% 27.0% 79.25%
1 Yr 11.5% -40.2% 62.3% 16.04%
3 Yr -3.0%* -19.3% 24.7% 95.15%
5 Yr 6.5%* -1.8% 25.2% 87.76%
10 Yr 5.0%* -8.1% 12.2% 45.12%

* Annualized

Return Ranking - Calendar

Period CUT Return Category Return Low Category Return High Rank in Category (%)
2023 6.0% -13.1% 52.1% 33.33%
2022 -18.5% -34.9% 34.0% 84.47%
2021 10.5% -4.9% 83.5% 95.05%
2020 16.1% -23.4% 126.4% 39.39%
2019 20.1% -25.1% 36.9% 20.41%

Total Return Ranking - Trailing

Period CUT Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -21.0% 27.0% 79.25%
1 Yr 11.5% -40.2% 62.3% 16.04%
3 Yr -3.0%* -19.3% 24.7% 95.15%
5 Yr 6.5%* -1.8% 25.2% 87.76%
10 Yr 5.0%* -8.1% 12.2% 45.12%

* Annualized

Total Return Ranking - Calendar

Period CUT Return Category Return Low Category Return High Rank in Category (%)
2023 8.6% -12.2% 57.6% 34.29%
2022 -16.4% -32.2% 35.5% 87.38%
2021 12.3% -2.5% 83.6% 99.01%
2020 18.1% -22.2% 127.8% 38.38%
2019 23.3% -25.1% 38.7% 18.37%

CUT - Holdings

Concentration Analysis

CUT Category Low Category High CUT % Rank
Net Assets 53.7 M 1.33 M 6.25 B 88.68%
Number of Holdings 68 25 286 37.74%
Net Assets in Top 10 28.2 M 512 K 3.85 B 87.74%
Weighting of Top 10 55.19% 16.8% 76.7% 27.36%

Top 10 Holdings

  1. Invesco Private Prime Fund 10.94%
  2. UPM-Kymmene OYJ 5.50%
  3. WestRock Co. 5.35%
  4. Smurfit Kappa Group PLC 5.13%
  5. Avery Dennison Corp. 5.06%
  6. Packaging Corp. of America 5.02%
  7. Amcor PLC 4.79%
  8. International Paper Co. 4.75%
  9. Weyerhaeuser Co. 4.40%
  10. Invesco Private Government Fund 4.25%

Asset Allocation

Weighting Return Low Return High CUT % Rank
Stocks
99.83% 0.00% 113.62% 20.75%
Cash
15.20% 0.00% 21.06% 7.55%
Preferred Stocks
0.00% 0.00% 6.94% 55.66%
Other
0.00% -0.01% 24.37% 56.60%
Convertible Bonds
0.00% 0.00% 0.43% 50.94%
Bonds
0.00% 0.00% 80.93% 53.77%

Stock Sector Breakdown

Weighting Return Low Return High CUT % Rank
Consumer Cyclical
43.37% 0.00% 43.37% 0.94%
Basic Materials
40.11% 2.49% 100.00% 44.34%
Real Estate
8.90% 0.00% 36.20% 2.83%
Industrials
7.39% 0.00% 63.67% 34.91%
Technology
0.06% 0.00% 17.68% 44.34%
Financial Services
0.05% 0.00% 4.52% 16.98%
Energy
0.05% 0.00% 89.67% 74.53%
Consumer Defense
0.03% 0.00% 33.96% 53.77%
Utilities
0.02% 0.00% 35.93% 51.89%
Healthcare
0.02% 0.00% 22.67% 31.13%
Communication Services
0.00% 0.00% 0.21% 48.11%

Stock Geographic Breakdown

Weighting Return Low Return High CUT % Rank
Non US
53.39% 0.00% 88.40% 16.04%
US
46.44% 0.00% 113.62% 77.36%

CUT - Expenses

Operational Fees

CUT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.08% 4.45% 56.60%
Management Fee 0.50% 0.00% 1.25% 20.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.25% N/A

Sales Fees

CUT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

CUT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CUT Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 4.00% 169.00% 10.75%

CUT - Distributions

Dividend Yield Analysis

CUT Category Low Category High CUT % Rank
Dividend Yield 2.40% 0.00% 12.19% 40.57%

Dividend Distribution Analysis

CUT Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

CUT Category Low Category High CUT % Rank
Net Income Ratio 1.51% -35.65% 6.21% 49.52%

Capital Gain Distribution Analysis

CUT Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

CUT - Fund Manager Analysis

Managers

Michael Jeanette


Start Date

Tenure

Tenure Rank

Apr 09, 2018

4.15

4.2%

Michael Jeanette, Senior Portfolio Manager of Invesco Capital Management LLC, has been associated with Invesco Capital Management LLC since 2008. Prior to joining Invesco Capital Management LLC, Mr. Jeanette was a trust advisor and GM of Chicago based Richard Lamb, LLC from 1998 to 2007.

Tony Seisser


Start Date

Tenure

Tenure Rank

Apr 09, 2018

4.15

4.2%

Tony Seisser is a Vice President and Portfolio Manager of Invesco PowerShares Capital Management LLC since December 2013. Prior to joining the Adviser, he was employed by Guggenheim Funds Distributors, Inc. where he was a trader from 2010 to 2013. Prior to that, Mr. Seisser was a compliance investigator at the Chicago Board of Options Exchange and Chicago Futures Exchange from 2008 to 2010.

Peter Hubbard


Start Date

Tenure

Tenure Rank

Apr 09, 2018

4.15

4.2%

Peter Hubbard, Vice President and Director of Portfolio Management of the Invesco PowerShares Capital Management LLC. Mr. Hubbard has been a Portfolio Manager of the Adviser since June 2007 and has been associated with the Adviser since 2005. Prior to joining the Invesco PowerShares Capital Management LLC, Hubbard was a research analyst and trader for Ritchie Capital from September 2003 to May 2005.

Pratik Doshi


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Pratik Doshi is a Portfolio Manager of Invesco Capital Management. Mr. Doshi has been a Portfolio Manager of Invesco Capital Management since October 2019 and has been associated with Invesco Capital Management since 2018. Prior to joining Invesco Capital Management, Mr. Doshi was a business student in the MBA program at the University of Chicago from 2016 to 2018. From 2014 to 2016, he served as a Vice President at Bank of America, and from 2007 to 2014 he served as Assistant Vice President at Barclays Capital.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 24.18 7.58 0.54