"iShares Edge MSCI EM Value Factor UCITS ETF USD (Acc)" is an exchange-traded investment fund (ETF). It refers to the MSCI Emerging Markets Select Value Factor Focus Index. This index reflects the development of Emerging Marketsstocks with "value" characteristics . 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 iShares claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.43% per year. Therefore, the ETF was slightly more expensive than the TER suggests.