"L&G China CNY Bond UCITS ETF USD Dist" is an exchange-traded investment fund (ETF). It refers to the J.P. Morgan China Custom Liquid ESG Capped Index. This index reflects the development of Chinese 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 L&G ETF claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2021 was 0.33% per year. Therefore, the ETF was slightly more expensive than the TER suggests.