C000227800 Fees and Costs — Direxion Daily 5G Communications Bull 2X Shares
Data updated: 2022-09-29
The net expense ratio is 0.95%: a 0.75% management fee plus 1.01% other expenses, less a 0.81% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $3K in broker commissions, 0.1189% of average net assets, and portfolio turnover was 19%.
C000227800 Fees and Expenses
Annual operating expenses and sales charges of C000227800. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.01% |
| Gross expense ratio | 1.76% |
| Fee waiver | −0.81% |
| Net expense ratio | 0.95% |
| 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 |
C000227800 Costs Over Time
On $10,000 invested in C000227800, assuming 5% a year before costs, total costs come to $668 over 5 years, cutting the return by 1.12% 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 0.95%) | $100 | $311 | $539 |
| Trading costs (broker commissions) | $12 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $668 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
C000227800 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1189%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities on loan, average value: $10K
- Net income from securities lending: $19 (0.001% of average net assets)
C000227800 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $2K | 72.70% |
| Credit Suisse International | $685 | 27.30% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.