"BNP Paribas Easy FTSE EPRA Nareit Developed Europe UCITS ETF QD H EUR" is an exchange-traded investment fund (ETF). It refers to the FTSE EPRA/NAREIT Developed Europe Index. This index reflects the development of 100 European stocks and is therefore relatively well diversified. The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are distributed to the investors. The fund company EasyETF claims a total expense ratio (TER) of 0.40% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 1.00% per year. Therefore, the ETF was significantly more expensive than the TER suggests. Besides, the yearly tracking differences had strong variations, so their average value is not a very reliable measure.