"Xtrackers USD Corporate Bond UCITS ETF 1D" is an exchange-traded investment fund (ETF). It refers to the Bloomberg USD Liquid Investment Grade Corporate 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 distributed to the investors. The fund company Xtrackers claims a total expense ratio (TER) of 0.12% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.17% per year. Therefore, the ETF was slightly more expensive than the TER suggests.