Why do I still pay product costs in addition to the administration fee?

In case of the index funds and ETFs used, costs of 0.015% on average per year (standard strategies) are incurred within the funds. These product costs are included directly in the index fund or ETF prices. Including the administration fee of 0.52% (at most 0.40% p.a. due to the fee cap), the total costs for a fully invested strategy are less than 0.43% (investment focus: Global and Switzerland). As a result, our product is up to 3 times cheaper than comparable competitor products.