"UBS ETF (IE) Factor MSCI USA Quality ESG UCITS ETF (hedged to EUR) A-acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the MSCI USA Quality ESG Low Carbon Select Index. This index reflects the development of securities . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings are automatically reinvested (accumulated). The fund company UBS ETF claims a total expense ratio (TER) of 0.28% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.13% per year. Therefore, the ETF was less expensive than the TER suggests.