"Franklin LibertyQ Emerging Markets UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the LibertyQ Emerging Markets Equity Index. This index reflects the development of Emerging Marketsstocks . 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 Franklin LibertyShares claims a total expense ratio (TER) of 0.55% per year. The yearly average divergence from the index performance (Tracking Difference) since 2018 was 0.70% per year. Therefore, the ETF was more expensive than the TER suggests.