CUT - Invesco MSCI Global Timber ETF

Equity - Sector Equity

Product Details

The Invesco MSCI Global Timber ETF (the "Fund") is based on the MSCI ACWI IMI Timber Select Capped Index (the "Index"). The Fund will invest at least 90% of its total assets in stock, American depositary receipts (ADRs), global depositary receipts (GDRs) and depositary receipts that comprise the Index. The Index measures the performance of securities engaged in the ownership and management of forests, timberlands and production of products using timber as raw materials. The index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are rebalanced quarterly.

as of 06/30/2019 06/30/2019

Performance

  YTD 1Yr 3Yr 5Yr 10Yr Since Inception
Index History (%)
MSCI ACWI IMI Timber Select Capped Index 11.87 -14.27 8.52 N/A N/A N/A
MSCI World Index 16.98 6.33 11.77 6.60 10.72 4.86
MSCI ACWI IMI Timber Select Capped Index 11.87 -14.27 8.52 N/A N/A N/A
MSCI World Index 16.98 6.33 11.77 6.60 10.72 4.86
Fund History (%)
Fund NAV 12.02 -13.93 8.63 3.71 9.35 2.75
After Tax Held 12.02 -14.48 7.84 2.88 8.59 2.03
After Tax Sold 7.12 -7.73 6.44 2.53 7.32 1.81
Fund Market Price 12.30 -13.88 8.36 3.73 9.39 2.72
Fund NAV 12.02 -13.93 8.63 3.71 9.35 2.75
After Tax Held 12.02 -14.48 7.84 2.88 8.59 2.03
After Tax Sold 7.12 -7.73 6.44 2.53 7.32 1.81
Fund Market Price 12.30 -13.88 8.36 3.73 9.39 2.72

Market returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times. Performance data quoted represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than performance data quoted. After-tax returns reflect the highest federal income tax rate but exclude state and local taxes. Fund performance reflects applicable fee waivers, absent which, performance data quoted would have been lower. After Tax Held and After Tax Sold are based on NAV. Returns less than one year are cumulative.

As the result of a reorganization on April 6, 2018, the returns presented reflect performance of the Guggenheim predecessor fund. Invesco is not affiliated with Guggenheim.

as of 06/30/2019

Growth of $10,000

Data beginning 10 years prior to the ending date of 06/30/2019. Fund performance shown at NAV.

An investor cannot invest directly in an index. The results assume that no cash was added to or assets withdrawn from the Index. Index returns do not represent Fund returns. The Index does not charge management fees or brokerage expenses, nor does the Index lend securities, and no revenues from securities lending were added to the performance shown.

MSCI ACWI IMI Timber Select Capped Index* performance prior to 5/20/2016 reflects that of the original Underlying Index, Beacon Global Timber Index. From 5/20/2016, forward, the Index performance reflects that of the Underlying Index MSCI ACWI IMI Timber Select Capped Index AND IS NOT INTENDED FOR ANY THIRD PARTY USE.

as of 07/12/2019

Top Country Allocation

as of 07/12/2019

Market Cap & Style Allocations

Large-Cap Value 8.09%
Large-Cap Blend 8.09%
Large-Cap Growth 7.51%
Mid-Cap Value 37.94%
Mid-Cap Blend 19.03%
Mid-Cap Growth 2.80%
Small-Cap Value 6.99%
Small-Cap Blend 5.08%
Small-Cap Growth 4.48%

as of 07/12/2019 Top Holdings | View All

Fund Holdings subject to change

Ticker Company % of Fund
AMCR Amcor PLC 7.38
WY Weyerhaeuser Co 5.00
AVY Avery Dennison Corp 4.75
UPM FH UPM-Kymmene OYJ 4.70
WRK Westrock Co 4.70
PKG Packaging Corp of America 4.68
IP International Paper Co 4.63
MNDI LN Mondi PLC 4.08
SKG Smurfit Kappa Group PLC 3.68
SEE Sealed Air Corp 3.38

Distributions | View All | Distribution Information

Ex-Date Record Date Pay Date $/
Share
Ordinary Income Short Term Gains Long Term Gains Return of Capital
12/24/2018 12/26/2018 12/31/2018 0.82460 0.82460 - - -
12/26/2017 12/27/2017 12/29/2017 0.49910 0.49910 - - -
12/23/2016 12/28/2016 12/30/2016 0.51520 0.51520 - - -
12/24/2015 12/29/2015 12/31/2015 0.35840 0.35840 - - -
12/24/2014 12/29/2014 12/31/2014 0.68500 0.68500 - - -
12/24/2013 12/27/2013 12/31/2013 0.36000 0.36000 - - -
12/24/2012 12/27/2012 12/31/2012 0.25300 0.25300 - - -
12/23/2011 12/28/2011 12/30/2011 0.38700 0.38700 - - -
12/27/2010 12/29/2010 12/31/2010 0.59400 0.59400 - - -
12/24/2009 12/29/2009 12/31/2009 0.04900 0.04900 - - -
12/24/2008 12/29/2008 12/31/2008 0.40800 0.40800 - - -

Frequency Distribution of Discounts & Premiums

    Bid/Ask MidPoint Above NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 34 3 0 0 0 0
12/31/2018 63 14 1 0 0 0 0
09/30/2018 63 14 1 0 0 0 0
06/30/2018 64 29 8 0 0 0 0
Year Ended 2018 251 73 21 1 0 0 0
    Bid/Ask Midpoint Below NAV
Quarter
Ending
Days 0.00-
0.25%
0.26-
0.50%
0.51-
0.99%
1.00-
1.49%
1.50-
1.99%
≥2.00%
03/31/2019 61 17 7 0 0 0 0
12/31/2018 63 30 12 5 0 0 1
09/30/2018 63 38 10 0 0 0 0
06/30/2018 64 21 5 1 0 0 0
Year Ended 2018 251 111 33 10 0 1 1

Fund Inception: 11/09/2007

Shareholders may pay more than net asset value when they buy Fund shares and receive less than net asset value when they sell those shares, because shares are bought and sold at current market prices. Performance data quoted represents past performance, which is not a guarantee of future results.


 Risk & Other Information

Typically, security classifications used in calculating allocation tables are as of the last trading day of the previous month.

There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply. The Fund's return may not match the return of the Underlying Index. The Fund is subject to certain other risks. Please see the current prospectus for more information regarding the risk associated with an investment in the Fund.

Investments focused in a particular industry, such as global timber and sectors, such as basic material and industrials, are subject to greater risk, and are more greatly impacted by market volatility, than more diversified investments.

The Fund is non-diversified and may experience greater volatility than a more diversified investment.

The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, political and economic instability, and foreign taxation issues.

Depositary receipts involve many of the same risks as a direct investment in foreign securities, and issuers of certain depositary receipts are under no obligation to distribute shareholder communications to the holders or to pass through to them any voting rights with respect to the deposited securities.

The performance of an investment concentrated in issuers of a certain region or country, such as the Europe, is expected to be closely tied to conditions within that region and to be more volatile than more geographically diversified investments.

REITs are subject to additional risks than general real estate investments. A REITs value can depend on the structure and cash flow it generates. REITs concentrated in a limited number or type of properties, investments or narrow geographic areas are subject to the risks affecting those properties or areas to a greater extent than less concentrated investments. REITs are subject to certain requirements under federal tax law and may have expenses, including advisory and administration expenses. As a result, Fund will incur its pro rata share of the underlying expenses.

Stocks of small and mid-sized companies tend to be more vulnerable to adverse developments, may be more volatile, and may be illiquid or restricted as to resale.

The Global Industry Classification Standard was developed by and is the exclusive property and a service mark of MSCI, Inc. and Standard & Poor's.

The MSCI World Index is an unmanaged index considered representative of stocks of developed countries. The index is computed using the net return, which withholds applicable taxes for non-resident investors.

The Beacon Global Timber Index tracks the performance of global timber companies.

Invesco MSCI Global Timber ETF is not sponsored, endorsed, sold or promoted by MSCI Inc. ("MSCI"), any of its affiliates, any of its information providers or any other third party involved in, or related to, compiling, computing or creating any MSCI index (collectively, the "MSCI parties"). The MSCI ACWI IMI Timber Select Capped Index (the "MSCI Index") is the exclusive property of MSCI. MSCI and the MSCI index names are service mark(s) of MSCI or its affiliates and have been licensed for use for certain purposes by Invesco. None of the MSCI parties makes any representation or warranty, express or implied, to the issuer or owners of Invesco MSCI Global Timber ETF or any other person or entity regarding the advisability of investing in the Invesco MSCI Global Timber ETF generally or in the Invesco MSCI Global Timber ETF particularly or the ability of the MSCI Index to track corresponding stock market performance. MSCI or its affiliates are the licensors of certain trademarks, service marks and trade names and of the MSCI Index which is determined, composed, and calculated by MSCI without regard to the Invesco MSCI Global Timber ETF or the issuer or owners of the Invesco MSCI Global Timber ETF or any other person or entity.

as of 07/15/2019
4:15 PM EST

CUT
Intraday Stats

  • Last Trade $26.62
  • Current IIV $26.69
  • Change -$0.13
  • % Change -0.48%
as of 07/12/2019
  • NAV at market close $26.76

as of 07/12/2019

Fund Yield

  • SEC 30 Day Yield 2.71%
  • Distribution Rate 3.08%
  • 12 Month Distribution Rate 3.08%
  • 30-Day SEC Unsubsidized Yield
    as of 07/12/2019
    2.63%
as of 07/12/2019

Prior Close

  • Closing Price $26.75
  • Bid/Ask Midpoint $26.73
  • Bid/Ask Prem/Disc -$0.03
  • Bid/Ask Prem/Disc -0.11%
as of 06/30/2019

Fund Characteristics

  • Price/Earnings Ratio1 13.74
  • Price/Book Ratio1 1.57
  • ROE2 14.91%
  • Avg Market Cap2 $8,115MM

1 Weighted Harmonic Average

2 Weighted Average

Fund Details

  • Fund Ticker CUT
  • CUSIP # 46138E545
  • ISIN US46138E5454
  • Intraday NAV CUTIV
  • Index Ticker M1CXTSA
  • Index Provider MSCI Indices
  • Management Fee 0.50%
  • Total Expense Ratio 0.64%
  • Fee Waiver 0.09%
  • Net Expense Ratio 0.55%
  • Options No
  • Exchange NYSE Arca
  • Inception Date 11/09/2007
  • # of Holdings 77
    as of 07/12/2019
as of 07/15/2019

Quick Facts

  • Previous Close $26.75
  • Open $26.70
  • Today's High $26.76
  • Today's Low $26.55
  • Today's Volume 14,730
  • 21,374 30-Day Avg Trading
    Volume
  • 52 Week High $33.22
  • 52 Week Low $23.20
  • Shares Outstanding 5.90MM
  • Market Value $157.9MM