CHAU Fees and Costs — Direxion Daily CSI 300 China A Share Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 1.30%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $283K in broker commissions, 0.1339% of average net assets, and portfolio turnover was 22%.
CHAU Fees and Expenses
Annual operating expenses and sales charges of CHAU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
CHAU Costs Over Time
On $10,000 invested in CHAU, assuming 5% a year before costs, total costs come to $889 over 5 years, cutting the return by 1.51% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $14 | $44 | $75 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $151 | $491 | $889 |
| Value after costs | $10,349 | $11,085 | $11,874 |
| Impact on return, per year | 1.51% | 1.51% | 1.51% |
CHAU Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1339%
- Total broker commissions: $283K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 22%
- Securities on loan, average value: $3.1M
- Net income from securities lending: $1K (0.001% of average net assets)
CHAU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $75K | 26.57% |
| Goldman Sachs & Co. LLC | $73K | 25.64% |
| Barclays Bank PLC | $71K | 25.23% |
| UBS AG | $32K | 11.20% |
| JPMorgan Chase Bank, National Association | $13K | 4.52% |
| BNP Paribas | $10K | 3.50% |
| Bank of America N.A. | $9K | 3.34% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.