"Vanguard FTSE 250 UCITS ETF (GBP) Accumulating" is an exchange-traded investment fund (ETF). It refers to the FTSE 250 Index. This index reflects the development of 250 British stocks and is therefore relatively 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 Vanguard claims a total expense ratio (TER) of 0.10% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was 0.10% per year. Therefore, the investor's costs for this ETF were exactly as specified by the TER.