Invesco Exchange-Traded Fund Trust II - Invesco MSCI Global Timber ETF
US ˙ ARCA ˙ US46138E5454

SecurityCUT / Invesco Exchange-Traded Fund Trust II - Invesco MSCI Global Timber ETF
InstitutionValmark Advisers, Inc.
Latest Disclosed Ownership12,482 shares
Latest Disclosed Value $ 357,638
Valmark Advisers, Inc. ownership in CUT / Invesco Exchange-Traded Fund Trust II - Invesco MSCI Global Timber ETF

On May 1, 2026 - Valmark Advisers, Inc. filed a 13F-HR form disclosing ownership of 12,482 shares of Invesco Exchange-Traded Fund Trust II - Invesco MSCI Global Timber ETF (US:CUT) valued at $357,638 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 12,482 shares of Invesco Exchange-Traded Fund Trust II - Invesco MSCI Global Timber ETF. This represents a change in shares of 0.00% during the quarter. The current value of the position is $341,984 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 12,482 0 0.00 358 -1.38 0.0042
2026-01-26 2025-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 12,482 -224,956 -94.74 363 -94.84 0.0045
2025-10-24 2025-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 237,438 3,192 1.36 7,017 -0.37 0.0907
2025-07-23 2025-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 234,246 6,665 2.93 7,044 0.67 0.0980
2025-04-23 2025-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 227,581 12,787 5.95 6,997 2.87 0.1055
2025-01-30 2024-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 214,794 9,457 4.61 6,802 -7.39 0.1053
2024-10-25 2024-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 205,337 1,358 0.67 7,344 10.22 0.1147
2024-08-01 2024-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 203,979 -1,386 -0.67 6,663 -4.36 0.1131
2024-05-06 2024-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 205,365 10,153 5.20 6,967 11.33 0.1212
2024-02-02 2023-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 195,212 -732 -0.37 6,259 5.94 0.1171
2023-11-08 2023-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 195,944 -2,730 -1.37 5,907 0.84 0.1226
2023-08-03 2023-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 198,674 -3,695 -1.83 5,858 -3.00 0.1192
2023-05-02 2023-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 202,369 5,042 2.56 6,040 1.21 0.1300
2023-02-07 2022-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 197,327 3,879 2.01 5,967 11.97 0.1377
2022-11-03 2022-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 193,448 4,276 2.26 5,329 -9.09 0.1072
2022-08-01 2022-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 189,172 -2,847 -1.48 5,862 -13.58 0.1138
2022-05-10 2022-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 192,019 5,809 3.12 6,783 -1.81 0.1195
2022-02-02 2021-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 186,210 -2,941 -1.55 6,908 1.11 0.1190
2021-11-09 2021-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 189,151 -644 -0.34 6,832 -4.00 0.1251
2021-08-06 2021-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 189,795 -16,163 -7.85 7,117 -3.79 0.1303
2021-05-04 2021-03-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 205,958 -943 -0.46 7,397 6.49 0.1426
2021-02-03 2020-12-31 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 206,901 -11,052 -5.07 6,946 13.42 0.1413
2020-11-09 2020-09-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 217,953 -29,873 -12.05 6,124 0.71 0.1391
2020-07-31 2020-06-30 13F INVESCO EXCH TRADED FD TR II MSCI GBL TIMBR 46138E545 247,826 -41,852 -14.45 6,081 0.35 0.1430
2020-05-01 2020-03-31 13F INVESCO EXCHANGE-TRADED FD T MSCI GBL TIMBR 46138E545 289,678 -996,732 -77.48 6,060 -83.70 0.1582
2020-01-31 2019-12-31 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 1,286,410 -46,714 -3.50 37,184 7.20 0.8068
2019-11-06 2019-09-30 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 1,333,124 -837,226 -38.58 34,688 -40.79 0.7704
2019-08-07 2019-06-30 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 2,170,350 27,119 1.27 58,586 -0.38 1.2862
2019-05-10 2019-03-31 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 2,143,231 51,492 2.46 58,810 16.86 1.3099
2019-02-07 2018-12-31 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 2,091,739 167,902 8.73 50,327 -18.17 1.2071
2018-11-02 2018-09-30 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 1,923,837 -14,168 -0.73 61,502 -2.14 1.3477
2018-08-07 2018-06-30 13F INVESCO EXCHNG TRADED FD TR MSCI GBL TIMBR 46138E545 1,938,005 1,938,005 62,850 1.3910
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.