C000228772 Fees and Costs — Direxion Daily Global Clean Energy Bull 2X Shares
Data updated: 2024-06-28
The net expense ratio is 1.33% (2.38% before fee waivers). There are no sales loads or redemption fees. In fiscal 2023 the fund paid $7K in broker commissions, 0.1619% of average net assets, and portfolio turnover was 35%.
C000228772 Fees and Expenses
Annual operating expenses and sales charges of C000228772. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.25% |
| Gross expense ratio | 2.38% |
| Fee waiver | −1.05% |
| Net expense ratio | 1.33% |
| 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 |
C000228772 Costs Over Time
On $10,000 invested in C000228772, assuming 5% a year before costs, total costs come to $924 over 5 years, cutting the return by 1.57% 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 1.33%) | $140 | $433 | $748 |
| Trading costs (broker commissions) | $17 | $53 | $91 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $157 | $510 | $924 |
| Value after costs | $10,343 | $11,066 | $11,839 |
| Impact on return, per year | 1.57% | 1.57% | 1.57% |
C000228772 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.1619%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities on loan, average value: $59K
- Net income from securities lending: $250 (0.006% of average net assets)
C000228772 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. | $4K | 55.87% |
| Citibank, National Association | $2K | 32.95% |
| BNP Paribas | $402 | 5.70% |
| Credit Suisse Securities (USA) LLC | $386 | 5.48% |
| JPMorgan Chase Bank, National Association | $0 | 0.00% |
| SG AMERICAS SECURITIES LLC | $0 | 0.00% |
| Goldman Sachs & Co. LLC | $0 | 0.00% |
| Barclays Bank PLC | $0 | 0.00% |
| UBS AG | $0 | 0.00% |
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.