"BNP Paribas Easy MSCI World SRI S-Series PAB 5% Capped UCITS ETF - USD" is an exchange-traded investment fund (ETF). It refers to the MSCI World SRI S-Series PAB 5% Capped Index. This index reflects the development of stocks . 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 EasyETF claims a total expense ratio (TER) of 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2011 was 0.22% per year. Therefore, the ETF was slightly less expensive than the TER suggests.