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 Administration + Investment + Transaction fees and costs = Yearly fee 

Our yearly fee is, simply put, the cost to service your Vanguard Super account every year. It's made up of three individual parts: the administration fees and costs, investment fees and costs, and transaction costs. Together, they make up your yearly fee. 

There are a few things you need to know. Any investment and transaction costs are an estimate and the actual costs may vary. We’ll also explain two additional fees below, activity fees and insurance premiums. See our Product Disclosure Statement for details.