"WisdomTree Emerging Markets SmallCap Dividend UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the WisdomTree Emerging Markets Small Cap Dividend Index. This index reflects the development of Emerging Marketsstocks with high dividend yield . 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 distributed to the investors. The fund company WisdomTree claims a total expense ratio (TER) of 0.54% per year. The yearly average divergence from the index performance (Tracking Difference) since 2015 was 0.85% per year. Therefore, the ETF was more expensive than the TER suggests.