DXKLX Fees and Costs — Direxion Monthly 7-10 Year Treasury Bull 1.75X Fund, Investor Class
Data updated: 2026-07-30
The net expense ratio is 1.47% (1.86% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.2829% of average net assets, and portfolio turnover was 296%.
DXKLX Fees and Expenses
Annual operating expenses and sales charges of DXKLX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.75% |
| Gross expense ratio | 1.86% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.47% |
| 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 |
DXKLX Costs Over Time
On $10,000 invested in DXKLX, assuming 5% a year before costs, total costs come to $1,080 over 5 years, cutting the return by 1.84% 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 1.47%) | $154 | $478 | $822 |
| Trading costs (broker commissions) | $30 | $92 | $158 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $184 | $598 | $1,080 |
| Value after costs | $10,316 | $10,978 | $11,683 |
| Impact on return, per year | 1.84% | 1.84% | 1.84% |
DXKLX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2829%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 296%
- Securities lending: none during the year
DXKLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $14K | 49.01% |
| UBS ASSET MANAGEMENT (US) INC. | $11K | 39.58% |
| THE VERTICAL TRADING GROUP LLC | $3K | 9.95% |
| BNP PARIBAS SECURITIES CORP. | $405 | 1.46% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.