"Xtrackers II USD Emerging Markets Bond UCITS ETF 1D - EUR Hedged" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the FTSE Emerging Markets USD Government and Government-Related Bond Select Index. This index reflects the development of Emerging Marketsgovernment 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 distributed to the investors. The fund company Xtrackers claims a total expense ratio (TER) of 0.40% per year.