"Lyxor EUR 2-10Y Inflation Expectations UCITS ETF - Acc" is an exchange-traded investment fund (ETF). It refers to the Markit iBoxx EUR Breakeven EUR-Inflation France & Germany Index. This index reflects the development of European bonds . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (interest payments) are automatically reinvested (accumulated). The fund company Lyxor claims a total expense ratio (TER) of 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2017 was 0.42% per year. Therefore, the ETF was more expensive than the TER suggests.