"Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF 1C - EUR Hedged" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the J.P. Morgan Emerging Markets Bond Index Global Diversified 1Bn Country. This index reflects the development of securities . 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 are automatically reinvested (accumulated). The fund company Xtrackers claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2009 was 1.46% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.