"UBS ETF (LU) MSCI World Socially Responsible UCITS ETF (USD) A-dis" is an exchange-traded investment fund (ETF). It refers to the MSCI World SRI Low Carbon Select 5% Issuer Capped Index. This index reflects the development of 407 world wide stocks and is therefore relatively well diversified. 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 UBS ETF claims a total expense ratio (TER) of 0.22% per year. The yearly average divergence from the index performance (Tracking Difference) since 2012 was 0.28% per year. Therefore, the ETF was more expensive than the TER suggests.