"Invesco MSCI Europe ESG Leaders Catholic Principles UCITS ETF 1D" is an exchange-traded investment fund (ETF). It refers to the MSCI Europe Select Catholic Principles ESG Leaders 10/40 Index. This index reflects the development of world wide stocks . 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 distributed to the investors. The fund company Invesco claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was -0.04% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.