"Xtrackers II J.P. Morgan USD Emerging Markets Bond UCITS ETF 2D" is an exchange-traded 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 distributed to the investors. The fund company Xtrackers claims a total expense ratio (TER) of 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.15% per year. Therefore, the ETF was less expensive than the TER suggests.