"SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the Morningstar Global Multi-Asset Infrastructure Index. This index reflects the development of world wide securities . 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 are distributed to the investors. The fund company SPDR claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.60% per year. Therefore, the ETF was more expensive than the TER suggests.