"iShares Core MSCI EM IMI UCITS ETF USD (Dist)" is an exchange-traded investment fund (ETF). It refers to the MSCI Emerging Markets Investible Market Index. This index reflects the development of securities . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings are distributed to the investors. The fund company iShares claims a total expense ratio (TER) of 0.18% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.00% per year. Therefore, the ETF was less expensive than the TER suggests.