DXCIX Fees and Costs — Direxion Indexed Commodity & Income Strategy Fund, Institutional Class
Data updated: 2020-03-30
The net expense ratio is 1.08% (1.72% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2019 the fund paid $7K in broker commissions, 0.0494% of average net assets, and portfolio turnover was 0%.
DXCIX Fees and Expenses
Annual operating expenses and sales charges of DXCIX. Prospectus, as of October 31, 2018.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.80% |
| Gross expense ratio | 1.72% |
| Fee waiver | −0.64% |
| Net expense ratio | 1.08% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
DXCIX Costs Over Time
On $10,000 invested in DXCIX, assuming 5% a year before costs, total costs come to $705 over 5 years, cutting the return by 1.19% 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 | $612 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $18 | $65 |
| Total costs | $119 | $388 | $705 |
| Value after costs | $10,381 | $11,188 | $12,058 |
| Impact on return, per year | 1.19% | 1.19% | 1.19% |
DXCIX 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): 0.0494%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXCIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ADM Investor Services, Inc. | $7K | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.