"UBS ETF (LU) MSCI USA Socially Responsible UCITS ETF (hedged to EUR) A-dis" is an exchange-traded, Euro hedged investment fund (ETF). It refers to the MSCI USA SRI Low Carbon Select 5% Issuer Capped 100% hedged to EUR Index. This index reflects the development of US American stocks . 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 UBS ETF claims a total expense ratio (TER) of 0.25% per year. The yearly average divergence from the index performance (Tracking Difference) since 2016 was 0.41% per year. Therefore, the ETF was more expensive than the TER suggests.