"SPDR FTSE UK All Share UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the FTSE All Share Index. This index reflects the development of 603 British stocks and is therefore very well diversified. 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 SPDR claims a total expense ratio (TER) of 0.20% per year. The yearly average divergence from the index performance (Tracking Difference) since 2013 was 0.21% per year. Therefore, the ETF was slightly more expensive than the TER suggests.