"Vanguard USD Corporate Bond UCITS ETF EUR hedged - Acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the Bloomberg Global Aggregate Corporate - United States Dollar Index. This index reflects the development of stocks . The ETF replicates its index using physical replication with sampling, so it contains the most important 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 0.14% per year. The yearly average divergence from the index performance (Tracking Difference) since 2021 was 0.20% per year. Therefore, the ETF was more expensive than the TER suggests.