"Xtrackers MSCI Europe ESG UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI Europe Low Carbon SRI Leaders Index. This index reflects the development of European 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 Xtrackers claims a total expense ratio (TER) of 0.20% per year.