# CUT (Invesco MSCI Global Timber ETF)

Invesco · Thematic ETFs · data as of Sep 11, 2026

CUT holds 53 stocks, and 72% of its weight is outside the S&P 500.

## Key facts

- CUT, already in the S&P 500: 27.8%, as of Sep 11, 2026.
- CUT, active share vs the S&P 500: 99.8%, as of Sep 11, 2026.
- CUT, top ten holdings: 49.4%, as of Sep 11, 2026.
- CUT, total return, 1 year: −3.8%, as of Sep 11, 2026.
- CUT, net assets: $30m (SEC filing, whole fund, as filed for Apr 30, 2026).
- CUT, expense ratio: 0.76% (485BPOS XBRL, Feb 26, 2026).

## CUT over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | +3.9% | +3.3% | +0.6 pts | +4.7 pts |
| 6 months | +1.4% | +16.0% | −14.6 pts | −19.3 pts |
| 1 year | −3.8% | +17.5% | −21.3 pts | −26.7 pts |
| 3 years | +5.4% | +77.9% | −72.5 pts | −89.7 pts |
| Since launch | +126.9% | +804.4% | −677.5 pts | −1547.0 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Timber and forestry | ETFIQ, editorial |
| Launched | Jan 4, 2010 | ETFIQ |
| Already in the S&P 500, by weight | 27.8% | ETFIQ |
| Active share vs the S&P 500 | 99.8% | ETFIQ |
| Already in the Nasdaq-100, by weight | 0.0% | ETFIQ |
| Active share vs the Nasdaq-100 | 100.0% | ETFIQ |
| Top ten holdings weight | 49.4% | ETFIQ |
| Holdings | 53 | ETFIQ |
| Holdings as of | Sep 10, 2026 | the issuer’s daily file |
| Top holdings | 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% | ETFIQ |
| Net assets | $30m | SEC filing, whole fund, as filed for Apr 30, 2026 |
| Below its all-time high | −18.7% | ETFIQ |
| Expense ratio | 0.76% | 485BPOS XBRL, Feb 26, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.76% | ETFIQ |
| Closest funds by holdings overlap | WOOD 49% | ETFIQ |

## Questions

### How much of CUT is in S&P 500 companies?

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.

### What does CUT hold?

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%.

### Has CUT beaten the S&P 500?

Over the year to Sep 11, 2026 CUT returned −3.8% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 21.3 points.

### What does CUT cost?

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%.


## Cite this page

ETFIQ, CUT, data as of Sep 11, 2026. https://etfiq.com/funds/CUT
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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