"UBS ETF (LU) J.P. Morgan EM Multi-Factor Enhanced Local Currency Bond UCITS ETF (USD) A-dis" is an exchange-traded investment fund (ETF). It refers to the J.P. Morgan Emerging Market Enhanced Multi-Factor Local Currency Bond Index. This index reflects the development of Emerging Marketsgovernment bonds . 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 (interest payments) are distributed to the investors. The fund company UBS ETF claims a total expense ratio (TER) of 0.47% per year.