"iShares Edge MSCI World Multifactor UCITS ETF EUR Hedged (Acc)" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the MSCI World Diversified Multi-Factor Index. This index reflects the development of world wide stocks . 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 (dividends) are automatically reinvested (accumulated). The fund company iShares claims a total expense ratio (TER) of 0.55% per year. The yearly average divergence from the index performance (Tracking Difference) since 2018 was 1.93% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.