"iShares USD Development Bank Bonds UCITS ETF EUR Hedged (Acc)" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped Index. This index reflects the development of world wide corporate bonds . 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 (interest payments) are automatically reinvested (accumulated). The fund company iShares claims a total expense ratio (TER) of 0.18% per year.