DPST Fees and Costs — Direxion Daily Regional Banks Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.90%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2.4M in broker commissions, 0.3422% of average net assets.
DPST Fees and Expenses
Annual operating expenses and sales charges of DPST. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| 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 |
DPST Costs Over Time
On $10,000 invested in DPST, assuming 5% a year before costs, total costs come to $773 over 5 years, cutting the return by 1.30% 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 0.90%) | $94 | $294 | $509 |
| Trading costs (broker commissions) | $36 | $112 | $193 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $426 | $773 |
| Value after costs | $10,370 | $11,150 | $11,990 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
DPST 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): 0.3422%
- Total broker commissions: $2.4M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $5.8M
- Net income from securities lending: $29K (0.004% of average net assets)
DPST Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. | $812K | 33.89% |
| Citibank, National Association | $497K | 20.74% |
| Barclays Bank PLC | $450K | 18.75% |
| Goldman Sachs & Co. LLC | $353K | 14.74% |
| BNP Paribas | $136K | 5.67% |
| JPMorgan Chase Bank, National Association | $94K | 3.94% |
| UBS AG | $54K | 2.27% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.