"Xtrackers S&P Europe ex UK UCITS ETF 1D" is an exchange-traded investment fund (ETF). It refers to the S&P Europe ex UK Large Mid Cap 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 distributed to the investors. The fund company Xtrackers claims a total expense ratio (TER) of 0.09% per year.