DXLTX Fees and Costs — Direxion Monthly 25+ Year Treasury Bull 1.35X Fund, Investor Class
Data updated: 2021-04-28
The net expense ratio is 1.12% (2.11% before fee waivers). There are no sales loads or redemption fees. In fiscal 2020 the fund paid $55K in broker commissions, 0.6332% of average net assets, and portfolio turnover was 0%.
DXLTX Fees and Expenses
Annual operating expenses and sales charges of DXLTX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.09% |
| Gross expense ratio | 2.11% |
| Fee waiver | −0.99% |
| Net expense ratio | 1.12% |
| 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 |
DXLTX Costs Over Time
On $10,000 invested in DXLTX, 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 1.12%) | $118 | $364 | $626 |
| Trading costs (broker commissions) | $66 | $206 | $354 |
| 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% |
DXLTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.6332%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): $597.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXLTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $54K | 98.37% |
| ADM Investor Services, Inc. | $900 | 1.63% |
DXLTX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $543.9M | 91.11% |
| ADM Investor Services, Inc. | $53.1M | 8.89% |
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.