"Ossiam Shiller Barclays Cape Europe Sector Value TR UCITS ETF 1C (EUR)" is an exchange-traded investment fund (ETF). It refers to the Shiller Barclays Cape Europe Sector Value Index. This index reflects the development of European stocks with "value" characteristics . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company Ossiam claims a total expense ratio (TER) of 0.65% per year. The yearly average divergence from the index performance (Tracking Difference) since 2015 was 0.65% per year. Therefore, the investor's costs for this ETF were exactly as specified by the TER.