"L&G ESG USD Corporate Bond UCITS ETF USD Dist" is an exchange-traded investment fund (ETF). It refers to the J.P. Morgan Global Credit Index (GCI) ESG Investment Grade USD Custom Maturity Index. This index reflects the development of bonds . 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 (interest payments) are distributed to the investors. The fund company L&G ETF claims a total expense ratio (TER) of 0.09% per year. The yearly average divergence from the index performance (Tracking Difference) since 2022 was 0.00% per year. Therefore, the ETF was less expensive than the TER suggests.