"L&G Gold Mining UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the Global Gold Miners Index. This index reflects the development of world wide Precious Metals stocks . 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 L&G ETF claims a total expense ratio (TER) of 0.65% per year. The yearly average divergence from the index performance (Tracking Difference) since 2012 was 1.02% per year. Therefore, the ETF was more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.