CLDL Fees and Costs — Direxion Daily Cloud Computing Bull 2X Shares
Data updated: 2025-06-27
The net expense ratio is 0.96%: a 0.75% management fee plus 0.87% other expenses, less a 0.67% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $7K in broker commissions, 0.1275% of average net assets, and portfolio turnover was 20%.
CLDL Fees and Expenses
Annual operating expenses and sales charges of CLDL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.87% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.67% |
| 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 |
CLDL Costs Over Time
On $10,000 invested in CLDL, assuming 5% a year before costs, total costs come to $679 over 5 years, cutting the return by 1.14% 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 | $544 |
| Trading costs (broker commissions) | $13 | $42 | $72 |
| Lost growth on money paid in costs | $0 | $18 | $62 |
| Total costs | $114 | $374 | $679 |
| Value after costs | $10,386 | $11,203 | $12,084 |
| Impact on return, per year | 1.14% | 1.14% | 1.14% |
CLDL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.1275%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 20%
- Securities on loan, average value: $66K
- Net income from securities lending: $361 (0.006% of average net assets)
CLDL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $6K | 74.40% |
| Bank of America N.A. | $2K | 22.62% |
| BNP Paribas | $223 | 2.98% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.