CUT: INVESCO MSCI GLOBAL TIMBER ETF
What this ETF is trying to do
The Invesco MSCI Global Timber ETF (CUT) focuses on companies involved in the timber and forestry industry. This includes businesses that manage forests or produce wood-based products.
Top Holdings
As of October 7, 2026, the fund holds 58 different assets. Because the list is partial, we only see the largest holdings. The top five include:
• Svenska Cellulosa AB Class B: 5.66%
• UPM-Kymmene Oyj: 5.6%
• Stora Enso Oyj Class R: 5.5%
• Avery Dennison Corp: 4.99%
• Packaging Corp of America: 4.86%
What the numbers show
The current price of the ETF is $27.55. To understand how it has performed, we look at two different types of returns: price return (the change in share price) and total return (which includes distributions).
• Year-to-Date (YTD): The price return and total return are both -5.2%.
• One Year: The price return was -3.74%, while the total return was -1.34%.
• Three Year: The price return was -7.52%, but the total return was 0.1%.
• Five Year: The total return was -13.9%.
For a simple example, if you had invested $10,000 exactly one year ago based on the estimated price of $28.62, the price-only change would have resulted in a value of approximately $9,626.
Income and distribution explanation
This ETF pays out cash to investors, known as distributions. The distribution yield is approximately 2.6%. Over the last 12 months, it has made one payout. The frequency of these payments is described as irregular or less frequent.
It is important for beginners to remember that a distribution yield is not the same as a total return. A fund can pay a yield even if the share price is falling.
NAV erosion explanation
"NAV erosion" happens when the underlying value of a fund's assets drops significantly over time. StockValueFinder uses an erosion-risk score to measure this.
This ETF has an erosion score of 94, which is labeled as "Stable / sideways" with "good" severity. The severe erosion-risk flag is false, meaning the fund has not triggered that specific warning.
Pros
• The erosion-risk score suggests the fund's price trend has been stable or sideways.
• The total return over three years (0.1%) was higher than the price return (-7.52%) because of distributions.
Cons
• The share price has declined over the short and long term.
• The five-year total return is negative (-13.9%).
• Distributions are irregular rather than steady.
Beginner takeaway
This ETF provides exposure to the global timber industry. While it pays a distribution yield of 2.6%, the share price has seen a decline over several time periods. Investors often look for principal stability—meaning the share price stays steady—while collecting income, but this fund has had negative price returns recently.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SVENSKA CELLULOSA AB CLASS B | n/a | 5.66% |
| 2 | UPM-KYMMENE OYJ | n/a | 5.60% |
| 3 | STORA ENSO OYJ CLASS R | n/a | 5.50% |
| 4 | AVERY DENNISON CORP | AVY | 4.99% |
| 5 | PACKAGING CORP OF AMERICA | PKG | 4.86% |
| 6 | SMURFIT WESTROCK PLC | SW | 4.85% |
| 7 | AMCOR PLC ORDINARY SHARES | AMCR | 4.73% |
| 8 | SUZANO SA | n/a | 4.45% |
| 9 | INTERNATIONAL PAPER CO | IP | 4.33% |
| 10 | RAYONIER INC | RYN | 4.31% |