C000230594 Fees and Costs — Direxion Daily US Infrastructure Bull 2X Shares
Data updated: 2023-03-31
The net expense ratio is 0.96%: a 0.75% management fee plus 2.72% other expenses, less a 2.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $13K in broker commissions, 0.1124% of average net assets, and portfolio turnover was 0%.
C000230594 Fees and Expenses
Annual operating expenses and sales charges of C000230594. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.72% |
| Gross expense ratio | 3.48% |
| Fee waiver | −2.52% |
| 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 |
C000230594 Costs Over Time
On $10,000 invested in C000230594, assuming 5% a year before costs, total costs come to $670 over 5 years, cutting the return by 1.13% 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 | $545 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $113 | $368 | $670 |
| Value after costs | $10,387 | $11,208 | $12,093 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
C000230594 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1124%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $63K
- Net income from securities lending: $320 (0.003% of average net assets)
C000230594 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. | $7K | 56.06% |
| UBS AG | $4K | 30.32% |
| Credit Suisse Securities (USA) LLC | $2K | 13.13% |
| JPMorgan Chase Bank, National Association | $63 | 0.49% |
| Barclays Bank PLC | $0 | 0.00% |
| Citibank, National Association | $0 | 0.00% |
| BNP Paribas | $0 | 0.00% |
| Goldman Sachs & Co. LLC | $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.