"UBS ETF (IE) Solactive Global Pure Gold Miners UCITS ETF (USD) A-dis" is an exchange-traded investment fund (ETF). It refers to the Solactive Global Pure Gold Miners Index. This index reflects the development of only 23 world wide Precious Metals stocks and is therefore not very well diversified. The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are distributed to the investors. The fund company UBS ETF claims a total expense ratio (TER) of 0.43% per year. The yearly average divergence from the index performance (Tracking Difference) since 2013 was 0.39% per year. Therefore, the ETF was slightly less expensive than the TER suggests.