"UBS ETF (LU) Sustainable Development Bank Bonds UCITS ETF (hedged to EUR) A-acc" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the Solactive UBS Global Multilateral Development Bank Bond USD 25% Issuer Capped EUR Hedged Index. This index reflects the development of world wide 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 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 2020 was 0.20% per year. Therefore, the ETF was slightly less expensive than the TER suggests.