"Xtrackers II US Treasuries UCITS ETF 1D" is an exchange-traded investment fund (ETF). It refers to the Markit iBoxx USD Treasuries Index. This index reflects the development of bonds . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (interest payments) are distributed to the investors. The fund company Xtrackers claims a total expense ratio (TER) of 0.07% per year.