C000230596 Fees and Costs — Direxion Daily US Fintech Bull 2X Shares
Data updated: 2023-03-31
The net expense ratio is 1.07% (1.09% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $10K in broker commissions, 0.3229% of average net assets.
C000230596 Fees and Expenses
Annual operating expenses and sales charges of C000230596. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 1.09% |
| Fee waiver | −0.02% |
| Net expense ratio | 1.07% |
| 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 |
C000230596 Costs Over Time
On $10,000 invested in C000230596, assuming 5% a year before costs, total costs come to $864 over 5 years, cutting the return by 1.46% 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 1.07%) | $112 | $349 | $603 |
| Trading costs (broker commissions) | $34 | $105 | $182 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $146 | $477 | $864 |
| Value after costs | $10,354 | $11,099 | $11,898 |
| Impact on return, per year | 1.46% | 1.46% | 1.46% |
C000230596 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): 0.3229%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $65K
- Net income from securities lending: $2K (0.064% of average net assets)
C000230596 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $8K | 73.10% |
| Credit Suisse Securities (USA) LLC | $3K | 26.53% |
| Barclays Bank PLC | $38 | 0.37% |
| Citibank, National Association | $0 | 0.00% |
| BNP Paribas | $0 | 0.00% |
| Bank of America N.A. | $0 | 0.00% |
| Goldman Sachs & Co. LLC | $0 | 0.00% |
| JPMorgan Chase Bank, National Association | $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.