"iShares S&P SmallCap 600 UCITS ETF USD (Dist)" is an exchange-traded investment fund (ETF). It refers to the S&P Small Cap 600 Index. This index reflects the development of US American stocks with low market capitalization . 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 (dividends) are distributed to the investors. The fund company iShares claims a total expense ratio (TER) of 0.30% per year. The yearly average divergence from the index performance (Tracking Difference) since 2009 was 0.27% per year. Therefore, the ETF was slightly less expensive than the TER suggests.