"Amundi Floating Rate USD Corporate UCITS ETF - USD (C)" is an exchange-traded investment fund (ETF). It refers to the Markit iBoxx USD Liquid Floating Rate Notes Investment Grade Corporates 100 Index. This index reflects the development of 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 Amundi claims a total expense ratio (TER) of 0.18% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.26% per year. Therefore, the ETF was more expensive than the TER suggests.