CWEB Fees and Costs — Direxion Daily CSI China Internet Index Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 1.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $564K in broker commissions, 0.1798% of average net assets, and portfolio turnover was 105%.
CWEB Fees and Expenses
Annual operating expenses and sales charges of CWEB. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.25% |
| Fee waiver | — |
| Net expense ratio | 1.25% |
| 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 |
CWEB Costs Over Time
On $10,000 invested in CWEB, assuming 5% a year before costs, total costs come to $887 over 5 years, cutting the return by 1.50% 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 1.25%) | $131 | $408 | $704 |
| Trading costs (broker commissions) | $19 | $59 | $101 |
| Lost growth on money paid in costs | $0 | $23 | $82 |
| Total costs | $150 | $489 | $887 |
| Value after costs | $10,350 | $11,087 | $11,876 |
| Impact on return, per year | 1.50% | 1.50% | 1.50% |
CWEB 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): 0.1798%
- Total broker commissions: $564K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 105%
- Securities lending: none during the year
CWEB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas | $261K | 46.32% |
| Bank of America N.A. | $93K | 16.45% |
| Goldman Sachs & Co. LLC | $89K | 15.85% |
| Citibank, National Association | $66K | 11.75% |
| UBS AG | $54K | 9.64% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.