"Fidelity Europe Quality Income UCITS ETF - Inc EUR" is an exchange-traded investment fund (ETF). It refers to the Fidelity Europe Quality Income Index. This index reflects the development of European stocks with high dividend yield . 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 Fidelity ETF claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2020 was -0.05% per year. Therefore, the ETF was less expensive than the TER suggests and even exceeded the index performance.