"L&G Japan Equity UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the Solactive Core Japan Large & Mid Cap Index. This index reflects the development of Japanese 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 0.10% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was -0.10% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.