Invesco MSCI Global Timber ETF

Shareclass
Invesco MSCI Global Timber ETF (CUT)
Type
Exchange-traded fund
Manager
Deforestation grade: Fund is invested in deforestation-risk agricultural commodity producer/traders, above the threshold of 1.5%. Assigned a grade of F.
How we track deforestation-risk investments
F
31.01%
INVESTED IN DEFORESTATION-RISK COMPANIES
producers
AGRIBUSINESS
deforestation-risk producers and traders of palm oil, paper/pulp, rubber, timber, cattle, and soy
banks
BANKS AND LENDERS
that finance deforestation-risk agribusiness producers via lending and underwriting
consumers
MAJOR CONSUMER BRANDS
that use deforestation-risk agribusiness commodities in products
15
holdings flagged
31%
of assets flagged
This fund contains
 $12.63 MILLION invested 
in holdings flagged for deforestation risk
Invesco has big investments in companies like Sysco, Tyson, Hormel and Noble Group that grow, trade or use palm oil, cattle, rubber and soy in their products but have failed to eliminate deforestation from their operations. This means Invesco has a key role to play in voting for No Deforestation policies at these companies and engaging with company management to make sure these policies are implemented. In order to do that, Invesco needs to a No Deforestation Policy. Tell Invesco to adopt a No Deforestation Policy!
Sign the petition
producers
Commodity producers
13 holdings
30% of assets
$12.19 MILLION invested
banks
Banks and lenders
0 holdings
0% of assets
$0 invested
consumers
Major consumer brands
5 holdings
14% of assets
$5.53 MILLION invested
Commodity producers
Commodity producers
13 HOLDINGS
Companies that produce and trade palm oil, paper/pulp, rubber, timber, cattle, and soy, and have a past record or a significant risk of contributing to deforestation, land grabbing, and human rights abuses. Investing in any of these companies assigns a fund a grade of C if total producer exposure is below the threshold of 0.5%; a grade of D if below 1.5%; and a grade of F if above 1.5%.
13 HOLDINGS
  • % of portfolio
    $ invested
  • 1. UPM-Kymmene Oyj
    Timber producerPaper/pulp producer
    5.27%5.27% of portfolio
    $2.15M$2.15M invested
    Timber producerPaper/pulp producer
  • 2. Stora Enso Oyj Class R
    Timber producerPaper/pulp producer
    4.6%4.6% of portfolio
    $1.88M$1.88M invested
    Timber producerPaper/pulp producer
  • 3. International Paper Co
    Paper/pulp producer
    4.43%4.43% of portfolio
    $1.81M$1.81M invested
    Paper/pulp producer
  • 4. Suzano SA
    Timber producerPaper/pulp producer
    4.28%4.28% of portfolio
    $1.74M$1.74M invested
    Timber producerPaper/pulp producer
  • 5. Mondi PLC
    Paper/pulp producer
    3.35%3.35% of portfolio
    $1.36M$1.36M invested
    Paper/pulp producer
View next 5
No holdings icon
Banks and lenders
0 HOLDINGS
Financial institutions directly and indirectly involved in underwriting and lending to deforestation-risk producers and traders. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
Major consumer brands
Major consumer brands
5 HOLDINGS
Consumer goods retailers that source palm oil, paper/pulp, rubber, timber, cattle, and soy from deforestation-risk producers and traders and sell it to consumers worldwide. Investing in any of these companies assigns a fund a grade of B (assuming there are no investments in producers).
5 HOLDINGS
  • % of portfolio
    $ invested
  • 1. UPM-Kymmene Oyj
    Timber major consumer brandPaper/pulp major consumer brand
    5.27%5.27% of portfolio
    $2.15M$2.15M invested
    Timber major consumer brandPaper/pulp major consumer brand
  • 2. Stora Enso Oyj Class R
    Timber major consumer brandPaper/pulp major consumer brand
    4.6%4.6% of portfolio
    $1.88M$1.88M invested
    Timber major consumer brandPaper/pulp major consumer brand
  • 3. Oji Holdings Corp
    Timber major consumer brandPaper/pulp major consumer brand
    2.6%2.6% of portfolio
    $1.06M$1.06M invested
    Timber major consumer brandPaper/pulp major consumer brand
  • 4. Nine Dragons Paper (Holdings) Ltd
    Paper/pulp major consumer brand
    0.8%0.8% of portfolio
    $325,160$325,160 invested
    Paper/pulp major consumer brand
  • 5. Daio Paper Corp
    Paper/pulp major consumer brand
    0.3%0.3% of portfolio
    $123,374$123,374 invested
    Paper/pulp major consumer brand
View more info
DATA AS OF 31 Oct 2025





Financial performance
Performance data provided byMorningstarFind more financial data on CUT at Morningstar.com
Current fund
CUT
Invesco MSCI Global Timber ETF
Family
Invesco
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.8% less in annualized returns
More invested in commodity producers 
29% more invested
Less invested in banks and lenders 
3.85% less invested
More invested in major consumer brands 
4.64% more invested
Current fund
CUT
Invesco MSCI Global Timber ETF
Family
Invesco
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.8% less in annualized returns
More invested in commodity producers 
29% more invested
Less invested in banks and lenders 
3.85% less invested
More invested in major consumer brands 
4.64% more invested
Current fund
CUT
Invesco MSCI Global Timber ETF
Family
Invesco
Category
Natural Resources
vs.
Benchmark
ACWI
iShares MSCI ACWI ETF
Family
iShares from BlackRock
Category
Global Large-Stock Blend
Fund comparison settings
Investment timeline
Performance as of: 10/31/25
1 year
3 years
5 years
10 years
Benchmark
Suggested: MSCI ACWI
ACWI - iShares MSCI ACWI ETF
Fund comparison results
Compared to the benchmark, this fund has:
Lower 10-yr returns 
-7.8% less in annualized returns
More invested in commodity producers 
29% more invested
Less invested in banks and lenders 
3.85% less invested
More invested in major consumer brands 
4.64% more invested
Month-end trailing returns  
Annualized returns
Deforestation analysis
1-yr
3-yr
5-yr
10-yr
Commodity producers
This fund
CUT - Invesco MSCI Global Timber ETF
-15.75%
1%
2.53%
3.64%
30% 
Benchmark
ACWI - iShares MSCI ACWI ETF
23%
22%
15%
11%
0.51% 
Fund compared to benchmark
 
-38.51%
-20.69%
-12.1%
-7.8%
29%  higher
Find more financial data on CUT at Morningstar.com
Take Action
Call on U.S. investment firms to implement Deforestation and Land Grab-Free investment policies.
Find top-graded funds that avoid deforestation-risk investments.
Use Fossil Free Funds to check this fund's fossil fuel investments and carbon footprint.
More from Invest Your Values
See how mutual funds and ETFs are rated on issues ranging from fossil fuels, to deforestation, gender equality, guns, prisons, weapons, and tobacco

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