iShares Global Timber & Forestry ETF (WOOD)

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Summary

The iShares Global Timber & Forestry ETF (WOOD) invests in the S&P Global Timer & Forestry Index. It invests in natural resources stocks, primarily in the materials sector, but also including timber real estate investment trusts (REITs).

Investment Thesis

While environmental concerns have cause humans to consume less timber and synthetic materials have replaced wood and paper in many contexts, new technologies are allowing timber to be used in ways that increase its utility. WOOD is a 5-star fund that invests in 3 dozen timber-related stocks.

Statistics

Updated May 31, 2018:

  • Total Assets: $535.6 million
  • Total Holdings: 36
  • Portfolio Turnover: 17%
  • Net Expense Ratio: 0.51%
  • Distribution Yield: 1.06%
  • P/E Ratio: 17.19
  • Alpha: 6.60
  • Beta: 1.27

Analysis

Morningstar

  • Rating: 5 Stars
  • Style: Mid Value

Portfolio

Region Allocation

  • North America: 49.11%
  • Europe: 26.53%
  • Latin America: 12.51%
  • Asia: 11.86%

Country Allocation

  1. USA: 35.63%
  2. Canada: 13.48%
  3. Brazil: 12.51%
  4. Sweden: 10.60%
  5. Japan: 8.66%
  6. Finland: 7.94%
  7. UK: 4.00
  8. Ireland: 3.99%
  9. Hong Kong: 3.18%

Sector Allocation

  • Materials: 74.27%
  • Real Estate: 23.15%
  • Consumer Discretionary: 2.58%

Market Cap Allocation

  • Giant: 0.00%
  • Large: 37.26%
  • Mid: 55.31%
  • Small: 6.37%
  • Micro: 1.07%

Top Ten Holdings

  1. Rayonier (RYN)
  2. Svenska Cellulosa (SVCBF)
  3. Weyerhaeuser (WY)
  4. West Fraser Timber Co (WFTBF)
  5. PotlatchDeltic (PCH)
  6. Suzano Papel e Celulose (SUZBY)
  7. Oji Holdings (OJIPY)
  8. Stora Enso Oyj (SEOAY)
  9. Mondi PLC (MONDY)
  10. International Paper Co (IP)