"iShares Core MSCI World UCITS ETF EUR Hedged (Dist)" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the MSCI World Index. This index reflects the development of 1429 world wide stocks and is therefore very well diversified. 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 iShares claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was 1.28% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.