CUT Invesco MSCI Global Timber ETF

Transcription

1 Invesco MSCI Global Timber ETF ETF.com segment: Equity: Global Timber Competing ETFs: WOOD Related ETF Channels: Timber, Vanilla, Theme Investing, Global, Equity, Sectors Find more ETFs with our ETF Screener and Database *Unless otherwise stated, data provided by FactSet. 13 FUND DESCRIPTION The Invesco MSCI Global Timber ETF tracks the MSCI ACWI IMI Timber Select Capped Index, a market cap-weighted index of global timber equities. FACTSET ANALYTICS INSIGHT 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. Like its competitor WOOD, doesn t Fit our concentrated benchmark very well.note: Prior to May 20, 2016, 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. SUMMARY DATA Issuer Inception Date Legal Structure Expense Ratio Assets Under Management Average Daily $ Average Spread (%) PORTFOLIO DATA Weighted Average Price / Earnings Ratio Price / Book Ratio Distribution Yield Next Ex-Dividend Date Number of Holdings Invesco 11/09/07 Open-Ended Fund 0.55% $181.16M $932.49K 0.42% $9.66B % 12/26/18 77 INDEX DATA Index Tracked -US - PowerShares MSCI Global Timber Portfolio - United States of America - TR Gross Index Weighting Methodology Index Selection Methodology Thomson Reuters Global Forest & Wood

2 1 Year Daily Price ($) Nov Dec `18 Feb Mar Apr May Jun Jul Aug Sep Oct 800k PERFORMANCE [as of 10/11/18] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS % % -9.97% -5.39% 7.47% 4.99% 11.64% (NAV) % % -9.72% -4.99% 7.35% 5.05% 10.84% -US - PowerShares MSCI Global Timber Portfolio - United States of America - TR Gross Thomson Reuters Global Forest & Wood 10.84% All returns over 1 year are annualized. All returns are total returns unless otherwise stated. TOP 10 COUNTRIES United States 42.14% Canada 4.75% Finland 10.86% Japan 4.65% United Kingdom 7.59% Ireland 3.72% Australia 6.05% Sweden 3.62% Brazil 5.89% South Africa 2.88% TOP 10 SECTORS Paper Packaging 36.27% Personal 2.80% Paper 30.13% Construction Supplies & F 0.37% Non-Paper Containers & P 15.31% Commodity Chemicals 0.07% Specialized REITs 8.19% Forest & Wood 6.85% TOP 10 HOLDINGS UPM-Kymmene Oyj 5.41% Stora Enso Oyj Class R 4.09% Amcor Ltd 4.93% Mondi plc 3.87% International Paper Comp 4.70% Avery Dennison Corporat 3.84% Weyerhaeuser Company 4.66% Packaging Corporation of 3.74% WestRock Co. 4.31% DS Smith Plc 3.38% Total Top 10 Weighting 42.93%

3 PORTFOLIO MANAGEMENT TAX EXPOSURES FUND STRUCTURE Expense Ratio Median Tracking Difference (12 Mo) Max. Upside Deviation (12 Mo) Max. Downside Deviation (12 Mo) 0.55% Max LT/ST Capital Gains Rate Capital Gains Distributions (3 Year) Tax on Distributions Distributes K % / 39.60% Qualified dividends No Legal Structure OTC Derivative Use Securities Lending Active Securities Lending Split (Fund/Issuer) ETN Counterparty Open-Ended Fund No Yes 100% / 0% ETN Counterparty Risk Fund Closure Risk Low Portfolio Disclosure Daily

4 Daily Spread 0.6% FACTSET ANALYTICS BLOCK LIQUIDITY As of 10/12/18 0.4% 0.2% 0% This measurement shows how easy it is to trade a $1 million USD block of. is rated a 4 out of 5. Premium/Discount 2.0% 1.0% TRADABILITY Avg. Daily Share 28, % Average Daily $ $932.49K -1.0% Median Daily Share 11, % 500k 400k 300k 200k 100k Median Daily ($) Average Spread (%) Average Spread ($) $369.48K 0.42% $0.14 Nov `18 Feb Apr Jun Aug Oct Median Premium / Discount (12 Mo) 0.01% Max. Premium / Discount (12 Mo) 0.94% / -1.86% Impediment to Creations None Market Hours Overlap 61.00% Creation Unit Size (Shares) 50,000 Creation Unit/Day (45 Day Average) 0.22 Creation Unit Cost (%) 0.03% Underlying / Unit 0.18% Open Interest on ETF Options Net Asset Value (Yesterday) $28.67 ETF.com Implied Liquidity 4 SECTOR/INDUSTRY BREAKDOWN TOP 10 HOLDINGS PERFORMANCE STATISTICS Paper Packaging 36.27% UPM-Kymmene Oyj Amcor Ltd International Paper Company 5.41% 4.93% 4.70% Goodness of Fit (R2) Beta Up Beta Paper Non-Paper Containers & Packaging 30.13% 15.31% Weyerhaeuser Company WestRock Co. Stora Enso Oyj Class R Mondi plc Avery Dennison Corporation 4.66% 4.31% 4.09% 3.87% 3.84% Down Beta Downside Standard Deviation % Thomson Reuters Global Forest & Wood Specialized REITs 8.19% Packaging Corporation of America 3.74% BENCHMARK COMPARISON HOLDINGS

5 Forest & Wood Personal Construction Supplies & Fixtures 6.85% 99.67% 2.80% 0.37% DS Smith Plc Total Top 10 Weighting 3.38% 42.93% Number of Holdings Constituents Shared Holdings Shared Holdings Weight % Commodity Chemicals 0.07% BENCHMARK COMPARISON SUMMARY COUNTRIES Number of Holdings United States 42.14% 37.43% Finland 10.86% United Kingdom 7.59% Australia 6.05% Brazil 5.89% Canada 4.75% 49.75% Japan 4.65% Ireland 3.72% Weighted Average Market Cap Price / Earnings Ratio Price / Book Ratio Dividend Yield $9.66B $2.69B % 1.66% Sweden 3.62% Concentration High South Africa 2.88% REGIONS North America 46.88% 87.19% Europe 27.91% 5.46% Asia-Pacific 14.53% 6.71% Latin America 7.80% 0.64% Middle East & Africa 2.88% ECONOMIC DEVELOPMENT Developed Countries 87.74% 91.41% Emerging Countries 12.26% 8.59% 2018 ETF.com The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional. ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com. [ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Data provider: Terms of Use