AAPU Fees and Costs — Direxion Daily AAPL Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $395K in broker commissions, 0.2413% of average net assets, and portfolio turnover was 30%.
AAPU Fees and Expenses
Annual operating expenses and sales charges of AAPU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
AAPU Costs Over Time
On $10,000 invested in AAPU, assuming 5% a year before costs, total costs come to $754 over 5 years, cutting the return by 1.27% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.97%) | $102 | $317 | $549 |
| Trading costs (broker commissions) | $25 | $79 | $136 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $416 | $754 |
| Value after costs | $10,373 | $11,161 | $12,008 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
AAPU Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2413%
- Total broker commissions: $395K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
AAPU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $112K | 28.31% |
| Goldman Sachs & Co. LLC | $101K | 25.54% |
| Bank of America N.A. | $98K | 24.74% |
| Citibank, National Association | $48K | 12.04% |
| BNP Paribas | $37K | 9.38% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.