IUSB's largest holdings are SUZANO S.A., Weyerhaeuser Co., Mondi PLC, SMURFIT WESTROCK PUBLIC LIMITED COMPANY, UPM-Kymmene Oyj. The full top list is on this page.

How concentrated is IUSB?

The top 10 holdings are 57.0% of the fund, across 41 positions.

The total expense ratio on record is 0.65%. That is cheaper than 7% of the 2,693 European UCITS equity funds we track.

Which sectors dominate IUSB?

By weight of its equity holdings: Materials 82.1%, Real Estate 10.9%, Consumer Cyclical 3.8%.

What is IUSB's P/E ratio?

Computed from company annual reports and filed position values, IUSB's weighted price-to-earnings ratio is 11.3, covering 73% of the fund by weight. The weighted price-to-book ratio is 0.81.

UCITS · Ireland · Distributing

IUSB IE00B27YCF74

Global equities of companies in the timber and forestry industry.

iShares Global Timber & Forestry UCITS ETF

WOOD · DWODL · BlackRock (iShares)

41 holdings as of 2026-08-27 · top 10 = 57.0% · TER 0.65% · P/E 11.3

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Concentration

Concentratedtop 10 = 57.0%

diversifiedconcentrated

GROWTH · PRICE DEVELOPMENTrebased to 0%

Holdings

as of 2026-08-27

Top 10

57.0%

TER

0.65%

cheaper than 7% of peers

Net assets

US$84.7M

reported in USD

Largest

7.9%

P / E

11.3

covers 73% by weight

Sections

Holdings as of 2026-08-27.

01Overview

the fund's regulatory facts

Distribution

Distributing

Fund currency

USD

Domicile

Ireland

Structure

Open-ended

First listed

2007-10-15

Volatility 1Y

18.5%

Tracked index

S&P Global Timber & Forestry Index (Net)

How it tracks

Physical, full

Risk rating

4 of 7

Lends its stock

Yes

02Valuation and performance

market price return · as of 2026-09-11

-2.2%

+6.1%

–

YTD

–

Trackingfund minus S&P Global Timber & Forestry Index (Net) · annualised

1Y return gap

-0.30 pp/yr

3Y return gap

-0.25 pp/yr

5Y return gap

-0.23 pp/yr

3Y tracking error

0.19%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

Valuation17 companies covered · weighted, profitable holdings only

11.3

price / earnings

6.1%

covers 82% by weight

0.81

price / book

covers 78% by weight

Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.

03Holdings

31 largest · as of 2026-08-27

#	Company	Identifier	Weight
1	SUZANO S.A. BR	SUZB3	7.9
2	Weyerhaeuser Co. US	WY US	7.3
3	Mondi PLC GB	MNDI	7.0
4	SMURFIT WESTROCK PUBLIC LIMITED COMPANY IE	SW US	6.1
5	UPM-Kymmene Oyj FI	UPM	5.6
6	Nine Dragons Paper (Holdings) Limited BM	2689 HK	4.7
7	Svenska Cellulosa AB SCA SE	SCAB	4.7
8	Oji Holdings Corp JP	3861	4.6
9	KLABIN S.A. BR	KLBN11	4.6
10	International Paper Co US	IP US	4.5
11	Stora Enso Oyj FI	STERV	4.4
12	West Fraser Timber Co Ltd CA	WFG	4.2
13	Holmen AB SE	HOLMB	4.0
14	Sylvamo Corp US	SLVM	3.8
15	Sumitomo Forestry Co Ltd JP	1911	3.8
16	Rayonier Inc US	RYN	3.7
17	Nippon Paper Industries Co Ltd JP	3863	3.5
18	SCG PACKAGING PCL NVDR TH	SCGP-R	2.7
19	INDAH KIAT PULP & PAPER ID	INKP	2.3
20	Empresas CMPC S.A. CL	CMPC	2.0
21	BILLERUD KORSNAS SE	BILL	2.0
22	SHANDONG SUNPAPER LTD A CN	002078	1.8
23	SAPPI LIMITED ZA	SAP	1.7
24	Navigator Co SA/The PT	NVG	1.5
25	DEXCO S.A. BR	DXCO3	1.1
26	USD CASH US	USD	0.4
27	BRL CASH BR	BRL	0.1
28	GBP CASH	GBP	0.1
29	JPY CASH JP	JPY	0.1
30	CASH COLLATERAL USD BZFUT US	BZFUT	0.0
31	IDR CASH ID	IDR	0.0

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04Exposure

Equity 99.3%Other 0.7%

By sector

Materials82.1%

Real Estate10.9%

Consumer Cyclical3.8%

By country

USUnited States19.8%

BRBrazil13.7%

JPJapan12.0%

SESweden10.7%

FIFinland10.0%

GBUnited Kingdom7.0%

IEIreland6.1%

BMBermuda4.7%

CurrencyUSD 24.5% EUR 17.6% BRL 13.7% JPY 12.0% SEK 10.7%

Issuer's scenario analysisaverage return per year over 5 years

Stress

-21.4%

Unfavourable

-4.7%

Moderate

+5.7%

Favourable

+15.3%

06Where it trades

10 exchanges

Exchange	MIC	Listed since
London Stock Exchange	XLON	2007-10-15
Börse Düsseldorf	DUSB	2016-06-08
Börse München	MUNB	2016-06-08
Börse Stuttgart	STUB	2016-06-08
Börse Hamburg	HAMN	2016-08-01
Börse Frankfurt	FRAA	2021-04-01
Xetra	XETA	2021-04-01
Tradegate	XGAT	2021-04-20
Börse Hannover	HAND	2024-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 36 other venues, mostly multilateral trading facilities and regional segments.

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