"VanEck Global Mining UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the S&P Global Mining Reduced Coal Index (USD) Index. This index reflects the development of securities . The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings are automatically reinvested (accumulated). The fund company VanEck claims a total expense ratio (TER) of 0.50% per year. The yearly average divergence from the index performance (Tracking Difference) since 2019 was 0.60% per year. Therefore, the ETF was more expensive than the TER suggests.