CUTInvesco MSCI Global Timber ETF
CUT Fund Description
CUT tracks a market cap-weighted index of global timber companies across the entire market-cap spectrum.
CUT Factset Analytics Insight
CUT offers plain-vanilla exposure to timber-related equities. The fund selects and weights stocks by market cap, and limits single-stock positions at 5%. The position limit matters in this highly concentrated space — the fund caps its exposure to stay RIC-compliant, obtaining more diversification while reducing its pure play exposure. Its MSCI Index holds stocks in the forest, paper and paper packaging industries (per GICS) as well as specialized timber REITS to cover the likes of Weyerhaeuser. Prior to May 20, 2016, CUT tracked the Beacon Global Timber Index, an index with a multifactor selection process that aimed to pick winners rather than match the market. The change was material with respect to holdings, but the fund’s overall focus has not wavered from global timber exposure.
CUT MSCI ESG Analytics Insight
Invesco MSCI Global Timber ETF has an MSCI ESG Fund Rating of AA based on a score of 9.34 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Invesco MSCI Global Timber ETF ranks in the 98th percentile within its peer group and in the 96th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
CUT MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
CUT Portfolio Data
CUT Index Data
CUT Portfolio Management
CUT Tax Exposures
CUT Fund Structure
CUT Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of CUT. CUT is rated a 4 out of 5.
CUT Sector/Industry Breakdown
CUT Economic Development
CUT Performance Statistics
CUT MSCI ESG Ratings
CUT Benchmark Comparison Summary
CUT Benchmark Comparison Market Cap Size