AMDD Fees and Costs — Direxion Daily AMD Bear 1X Shares
Data updated: 2026-09-28
The net expense ratio is 0.97% (0.99% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $10K in broker commissions, 0.1920% of average net assets.
AMDD Fees and Expenses
Annual operating expenses and sales charges of AMDD. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.99% |
| Fee waiver | −0.02% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
AMDD Costs Over Time
On $10,000 invested in AMDD, assuming 5% a year before costs, total costs come to $724 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 0.97%) | $102 | $317 | $549 |
| Trading costs (broker commissions) | $20 | $63 | $109 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $399 | $724 |
| Value after costs | $10,378 | $11,177 | $12,038 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
AMDD 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): 0.1920%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
AMDD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $4K | 39.80% |
| Barclays Bank PLC | $3K | 27.11% |
| Bank of America N.A. | $3K | 27.10% |
| Goldman Sachs & Co. LLC | $591 | 5.99% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.