DXNLX Fees and Costs — Direxion Monthly NASDAQ-100 Bull 1.25X Fund, Investor Class
Data updated: 2026-07-30
The net expense ratio is 1.34% (2.57% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $28K in broker commissions, 0.3732% of average net assets, and portfolio turnover was 820%.
DXNLX Fees and Expenses
Annual operating expenses and sales charges of DXNLX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.45% |
| Gross expense ratio | 2.57% |
| Fee waiver | −1.23% |
| Net expense ratio | 1.34% |
| 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 |
DXNLX Costs Over Time
On $10,000 invested in DXNLX, assuming 5% a year before costs, total costs come to $1,056 over 5 years, cutting the return by 1.80% 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 1.34%) | $141 | $436 | $750 |
| Trading costs (broker commissions) | $39 | $121 | $209 |
| Lost growth on money paid in costs | $0 | $28 | $98 |
| Total costs | $180 | $585 | $1,056 |
| Value after costs | $10,320 | $10,991 | $11,706 |
| Impact on return, per year | 1.80% | 1.80% | 1.80% |
DXNLX 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): 0.3732%
- Total broker commissions: $28K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 820%
- Securities lending: none during the year
DXNLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $19K | 66.74% |
| UBS ASSET MANAGEMENT (US) INC. | $8K | 29.20% |
| THE VERTICAL TRADING GROUP LLC | $1K | 3.52% |
| BNP PARIBAS SECURITIES CORP. | $99 | 0.35% |
| CITIGROUP GLOBAL MARKETS INC. | $54 | 0.19% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.