"UBS ETF (LU) Bloomberg MSCI US Liquid Corporates Sustainable UCITS ETF (hedged to EUR) A-acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the Bloomberg MSCI US Liquid Corporate Sustainable hedged to EUR 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 UBS ETF claims a total expense ratio (TER) of 0.16% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.24% per year. Therefore, the ETF was more expensive than the TER suggests.