"BNP Paribas Easy MSCI Emerging SRI S-Series 5% Capped UCITS ETF - USD" is an exchange-traded investment fund (ETF). It refers to the MSCI Emerging Markets SRI 5% Issuer Capped Index. This index reflects the development of 191 Emerging Marketsstocks and is therefore relatively well diversified. The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company EasyETF claims a total expense ratio (TER) of 0.45% per year. The yearly average divergence from the index performance (Tracking Difference) since 2017 was 0.90% per year. Therefore, the ETF was more expensive than the TER suggests.