"iShares MSCI World Health Care Sector ESG UCITS ETF USD (Dist)" is an exchange-traded investment fund (ETF). It refers to the MSCI World Health Care ESG Reduced Carbon Select 20 35 Capped Index. This index reflects the development of securities . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings are distributed to the investors. The fund company iShares claims a total expense ratio (TER) of 0.18% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was 0.08% per year. Therefore, the ETF was less expensive than the TER suggests.