"Vanguard U.K. Gilt UCITS ETF EUR hedged - Acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the Bloomberg Barclays Sterling Gilt Float Adjusted Index. This index reflects the development of bonds . 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 (interest payments) are automatically reinvested (accumulated). The fund company Vanguard claims a total expense ratio (TER) of 0.12% per year. The yearly average divergence from the index performance (Tracking Difference) since 2021 was 0.10% per year. Therefore, the ETF was slightly less expensive than the TER suggests.