"Xtrackers S&P 500 Equal Weight UCITS ETF 2C - EUR Hedged" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the S&P 500 Equal Weight Index. This index reflects the development of 505 US American stocks and is therefore 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 automatically reinvested (accumulated). The fund company Xtrackers claims a total expense ratio (TER) of 0.30% per year.