{
 "ticker": "CUT",
 "name": "Invesco MSCI Global Timber ETF",
 "issuer": "Invesco",
 "desk": "themes",
 "url": "https://etfiq.com/funds/CUT",
 "html": "https://etfiq.com/funds/CUT",
 "markdown": "https://etfiq.com/funds/CUT.md",
 "as_of": "2026-09-11",
 "verdict": "CUT holds 53 stocks, and 72% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "27.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CUT, already in the S&P 500: 27.8%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CUT, active share vs the S&P 500: 99.8%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "49.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CUT, top ten holdings: 49.4%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "\u22123.8%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "CUT, total return, 1 year: \u22123.8%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$30m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "CUT, net assets: $30m (SEC filing, whole fund, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "CUT, expense ratio: 0.76% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Timber and forestry",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Jan 4, 2010",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "27.8%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "99.8%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "0.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "100.0%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "49.4%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "53",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 10, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "UPM-Kymmene Oyj 5.7%, Svenska Cellulosa AB SCA 5.5%, Stora Enso Oyj 5.4%, Avery Dennison Corp 4.8%, Amcor PLC 4.8%, Suzano SA 4.8%, Packaging Corp of America 4.8%, Weyerhaeuser Co 4.7%, Rayonier Inc 4.6%, Smurfit Westrock PLC 4.5%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$30m",
   "source": "SEC filing, whole fund, as filed for Apr 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u221218.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.76%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.76%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "WOOD 49%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "+3.9%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "+0.6 pts",
   "Gap to Nasdaq-100": "+4.7 pts"
  },
  {
   "window": "6 months",
   "Total return": "+1.4%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221214.6 pts",
   "Gap to Nasdaq-100": "\u221219.3 pts"
  },
  {
   "window": "1 year",
   "Total return": "\u22123.8%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u221221.3 pts",
   "Gap to Nasdaq-100": "\u221226.7 pts"
  },
  {
   "window": "3 years",
   "Total return": "+5.4%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u221272.5 pts",
   "Gap to Nasdaq-100": "\u221289.7 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+126.9%",
   "S&P 500": "+804.4%",
   "Gap to S&P 500": "\u2212677.5 pts",
   "Gap to Nasdaq-100": "\u22121547.0 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of CUT is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 10, 2026, 28% of CUT by weight is stocks the S&P 500 already holds. Its active share against the index is 100%, so that share is the part doing something different."
  },
  {
   "q": "What does CUT hold?",
   "a": "53 positions as published by its issuer for Sep 10, 2026, with the top ten at 49% of the fund. The largest are UPM-Kymmene Oyj at 5.7%, Svenska Cellulosa AB SCA at 5.5%, Stora Enso Oyj at 5.4%."
  },
  {
   "q": "Has CUT beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 CUT returned \u22123.8% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 21.3 points."
  },
  {
   "q": "What does CUT cost?",
   "a": "The prospectus expense ratio is 0.76% a year. Because 100% of the fund differs from the S&P 500, the fee on that differing part works out at 0.76%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}