"UBS ETF (LU) Bloomberg US Liquid Corporates 1-5 UCITS ETF (hedged to EUR) A-acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the Bloomberg US Liquid Corporate 1-5 Year EUR Hedged Index. This index reflects the development of stocks . 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 (dividends) are automatically reinvested (accumulated). The fund company UBS ETF claims a total expense ratio (TER) of 0.23% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.23% per year. Therefore, the investor's costs for this ETF were exactly as specified by the TER.