DXELX Fees and Costs — Direxion Monthly Emerging Markets Bull 2X Fund, Investor Class
Data updated: 2022-07-29
The net expense ratio is 1.44% (1.92% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $21K in broker commissions, 0.2297% of average net assets, and portfolio turnover was 0%.
DXELX Fees and Expenses
Annual operating expenses and sales charges of DXELX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.83% |
| Gross expense ratio | 1.92% |
| Fee waiver | −0.48% |
| Net expense ratio | 1.44% |
| 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 |
DXELX Costs Over Time
On $10,000 invested in DXELX, assuming 5% a year before costs, total costs come to $1,031 over 5 years, cutting the return by 1.75% 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 1.44%) | $151 | $468 | $807 |
| Trading costs (broker commissions) | $24 | $75 | $129 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $175 | $570 | $1,031 |
| Value after costs | $10,325 | $11,006 | $11,732 |
| Impact on return, per year | 1.75% | 1.75% | 1.75% |
DXELX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.2297%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $185.3M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXELX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $16K | 74.29% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4K | 20.65% |
| UBS Securities LLC | $1K | 5.05% |
DXELX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $157.9M | 85.25% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $22.0M | 11.85% |
| UBS Securities LLC | $5.4M | 2.90% |
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.