DPK Fees and Costs — Direxion Daily MSCI Developed Markets Bear 3X Shares
Data updated: 2020-03-30
The net expense ratio is 1.08% (2.60% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $12K in broker commissions, 0.2691% of average net assets, and portfolio turnover was 0%.
DPK Fees and Expenses
Annual operating expenses and sales charges of DPK. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.72% |
| Gross expense ratio | 2.60% |
| Fee waiver | −1.52% |
| Net expense ratio | 1.08% |
| 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 |
DPK Costs Over Time
On $10,000 invested in DPK, assuming 5% a year before costs, total costs come to $838 over 5 years, cutting the return by 1.42% 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 1.08%) | $113 | $353 | $609 |
| Trading costs (broker commissions) | $28 | $88 | $152 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $142 | $462 | $838 |
| Value after costs | $10,358 | $11,114 | $11,925 |
| Impact on return, per year | 1.42% | 1.42% | 1.42% |
DPK Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2691%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DPK Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $12K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.