AIBU Fees and Costs — Direxion Daily AI and Big Data Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 0.96%: a 0.75% management fee plus 1.09% other expenses, less a 0.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.2002% of average net assets, and portfolio turnover was 51%.
AIBU Fees and Expenses
Annual operating expenses and sales charges of AIBU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.09% |
| Gross expense ratio | 1.85% |
| Fee waiver | −0.89% |
| Net expense ratio | 0.96% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AIBU Costs Over Time
On $10,000 invested in AIBU, assuming 5% a year before costs, total costs come to $723 over 5 years, cutting the return by 1.22% 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 0.96%) | $101 | $314 | $544 |
| Trading costs (broker commissions) | $21 | $65 | $113 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $122 | $398 | $723 |
| Value after costs | $10,378 | $11,178 | $12,039 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
AIBU 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): 0.2002%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 51%
- Securities on loan, average value: $186K
- Net income from securities lending: $1K (0.008% of average net assets)
AIBU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $18K | 53.74% |
| Goldman Sachs & Co. LLC | $9K | 27.53% |
| Barclays Bank PLC | $4K | 10.90% |
| BNP Paribas | $2K | 6.78% |
| Bank of America N.A. | $359 | 1.05% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.