"Xtrackers MSCI World UCITS ETF 1C" is an exchange-traded investment fund (ETF). It refers to the MSCI World Index. This index reflects the development of 1429 world wide stocks and is therefore very well diversified. The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company Xtrackers claims a total expense ratio (TER) of 0.19% per year. The yearly average divergence from the index performance (Tracking Difference) since 2015 was -0.06% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.