"L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF USD Dist" is an exchange-traded investment fund (ETF). It refers to the J.P. Morgan ESG EMBI Global Diversified Short-term Custom Maturity Index. This index reflects the development of Emerging Marketsbonds . 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 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2021 was 0.13% per year. Therefore, the ETF was less expensive than the TER suggests.