ETF Evaluator:
Invesco MSCI Global Timber ETF ()
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(as of Aug 26)
Best Performing in Natural Resources Over the Last Year
| 88.7% | Global X Copper Miners ETF (COPX) |
| 83.8% | Themes Copper Miners ETF (COPA) |
| 82.3% | Sprott Copper Miners ETF (COPP) |
| 81.2% | Sprott Junior Copper Miners ETF (COPJ) |
| 76.4% | iShares Copper and Metals Mining ETF (ICOP) |
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ETF Details
Invesco MSCI Global Timber ETF Overview
Invesco MSCI Global Timber ETF (CUT) is a passively managed Sector Equity Natural Resources exchange-traded fund (ETF). Invesco launched the ETF in 2007.
The investment seeks to track the investment results of the MSCI ACWI IMI Timber Select Capped Index.
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. The underlying index 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 fund is non-diversified.
About Invesco MSCI Global Timber ETF (CUT)
There are 4 members of the management team with an average tenure of 5.79 years: Peter Hubbard (2018), Michael Jeanette (2018), Pratik Doshi (2020) and Faiz Syed (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI ACWI IMI Timber Select Cap NR USD index with a weighting of 100%. Invesco MSCI Global Timber ETF has 62 securities in its portfolio. The top 10 holdings constitute 52.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco MSCI Global Timber ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco MSCI Global Timber ETF has 65.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 34.2% There is 65.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco MSCI Global Timber ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $32 million in total assets, which is below the $1 billion average for the Natural Resources category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CUT Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco MSCI Global Timber ETF expense ratio is above average compared to funds in the Natural Resources category. Invesco MSCI Global Timber ETF has an expense ratio of 0.76%, which is 44% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco MSCI Global Timber ETF has a portfolio turnover rate of 26%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 41% for the Natural Resources category.
Recently, in the month of July 2026, Invesco MSCI Global Timber ETF returned 6.6%, which earned it a grade of A, as the Natural Resources category had an average return of -2.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco MSCI Global Timber ETF has a trailing yield of 2.40%, which is above the 2.30% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco MSCI Global Timber ETF Grades
Year to date, the ETF has returned 2.4%, 4.0 percentage points worse than the category, which translates into a grade of D. The fund has returned 3.5% over the past year (grade of F), 0.5% over the past three years (grade of F) and -2.3% per year over the past five years (grade of F) and 4.5% per year over the past 10 years (grade of F).
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CUT Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CUT Return (NAV) | 6.6% | 7.5% | 3.5% | 0.5% | -2.3% | 4.5% |
| CUT Return (Price) | 6.6% | 7.3% | 3.9% | 0.6% | -2.3% | 4.5% |
| NAV +/- Price Return | -0.075% | 0.139% | -0.434% | -0.123% | -0.077% | -0.043% |
| Natural Resources Avg | -2.2% | -9.2% | 33.5% | 9.8% | 7.4% | 10.4% |
| CUT Grade (NAV) | A | A | F | F | F | F |
| +/- Category (NAV) | 8.7% | 16.7% | -30.0% | -9.3% | -9.8% | -5.9% |
| CUT Tax-Cost Ratio | na | na | 1.0% | 0.9% | 0.8% | 0.8% |
CUT Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CUT Return (NAV) | 2.4% | -6.4% | 1.9% | 9.2% | -16.7% | 12.3% | 18.1% | 22.8% | -21.1% | 29.8% | 7.1% |
| CUT Return (Price) | 2.5% | -5.9% | 1.8% | 8.6% | -16.4% | 12.3% | 18.1% | 23.3% | -21.7% | 30.4% | 7.3% |
| NAV +/- Price Ret | 0.043% | -0.073% | -0.070% | -0.061% | -0.018% | 0.003% | -0.002% | 2.2% | 2.5% | 2.1% | 2.2% |
| Natural Resources Avg | 6.5% | 43.5% | -6.0% | 9.9% | -7.3% | 30.1% | 22.9% | 18.4% | -16.7% | 25.1% | 28.4% |
| CUT Grade (NAV) | D | F | B | D | D | F | C | B | D | A | F |
| +/- Category | -4.0% | -49.9% | 7.9% | -0.7% | -9.3% | -17.8% | -4.8% | 4.4% | -4.5% | 4.7% | -21.2% |
| Risk Measures | |
| Beta: | 0.68 |
| R-Squared: | 29% |
| Standard Deviation: | 16.0% |
| Category Risk Index: | 0.66 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 1.30 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 2.4% |
| Total Assets: | $ 33 Mil |
| Share Class Assets: | $ 33 Mil |
| Turnover: | 26.0% |
| Expense Ratio: | 0.76% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 5.8 years | |||
| Managers (Year): Hubbard Peter (2018), Jeanette Michael (2018), Doshi Pratik (2020), Syed Faiz (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 62 |
| % in Top 10 Holdings: | 52.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 65.7% |
Portfolio Allocation |
|
| Domestic Stock: | 34.2% |
| Foreign Stock: | 65.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | November 9, 2007 |
Expenses and Fees
| Expense Ratio (%): | 0.76% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.53% |
