"SPDR MSCI ACWI EUR Hdg UCITS ETF (Acc)" is an exchange-traded investment fund (ETF). It refers to the MSCI All Country World with Developed Markets 100% EUR Hedged 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 SPDR claims a total expense ratio (TER) of 0.45% 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.