"Invesco MSCI Europe ESG Universal Screened UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI Europe ESG Universal Select Screens Index. This index reflects the development of European stocks . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company Invesco claims a total expense ratio (TER) of 0.16% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was -0.12% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.