C000230598 Fees and Costs — Direxion Daily Software Bull 2X Shares
Data updated: 2023-03-31
The net expense ratio is 0.98% (2.41% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $10K in broker commissions, 0.3411% of average net assets, and portfolio turnover was 118%.
C000230598 Fees and Expenses
Annual operating expenses and sales charges of C000230598. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.63% |
| Gross expense ratio | 2.41% |
| Fee waiver | −1.43% |
| Net expense ratio | 0.98% |
| 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 |
C000230598 Costs Over Time
On $10,000 invested in C000230598, assuming 5% a year before costs, total costs come to $821 over 5 years, cutting the return by 1.39% 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 0.98%) | $103 | $320 | $553 |
| Trading costs (broker commissions) | $36 | $111 | $192 |
| Lost growth on money paid in costs | $0 | $21 | $76 |
| Total costs | $139 | $453 | $821 |
| Value after costs | $10,361 | $11,123 | $11,942 |
| Impact on return, per year | 1.39% | 1.39% | 1.39% |
C000230598 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): 0.3411%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 118%
- Securities on loan, average value: $5K
- Net income from securities lending: $65 (0.002% of average net assets)
C000230598 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $10K | 91.31% |
| Credit Suisse Securities (USA) LLC | $691 | 6.62% |
| Barclays Bank PLC | $217 | 2.08% |
| 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.