"iShares MSCI Japan SRI EUR Hedged UCITS ETF (Acc)" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the MSCI Japan SRI 100% EUR Hedged Index. This index reflects the development of Japanese 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 automatically reinvested (accumulated). The fund company iShares claims a total expense ratio (TER) of 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2017 was 0.40% per year. Therefore, the ETF was more expensive than the TER suggests.