"Xtrackers II Eurozone Government Bond UCITS ETF 1C" is an exchange-traded investment fund (ETF). It refers to the Markit iBoxx EUR Sovereigns Eurozone Index. This index reflects the development of European 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 Xtrackers claims a total expense ratio (TER) of 0.09% per year. The yearly average divergence from the index performance (Tracking Difference) since 2011 was 0.15% per year. Therefore, the ETF was more expensive than the TER suggests.