DXNSX Fees and Costs — Direxion Monthly NASDAQ-100 Bear 1.25X Fund, Investor Class
Data updated: 2022-01-31
The net expense ratio is 1.19% (3.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $434 in broker commissions, 0.1854% of average net assets, and portfolio turnover was 0%.
DXNSX Fees and Expenses
Annual operating expenses and sales charges of DXNSX. Prospectus, as of December 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.08% |
| Gross expense ratio | 3.12% |
| Fee waiver | −1.93% |
| Net expense ratio | 1.19% |
| 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 |
DXNSX Costs Over Time
On $10,000 invested in DXNSX, assuming 5% a year before costs, total costs come to $854 over 5 years, cutting the return by 1.44% 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 1.19%) | $125 | $388 | $671 |
| Trading costs (broker commissions) | $19 | $61 | $105 |
| Lost growth on money paid in costs | $0 | $22 | $79 |
| Total costs | $144 | $471 | $854 |
| Value after costs | $10,356 | $11,105 | $11,909 |
| Impact on return, per year | 1.44% | 1.44% | 1.44% |
DXNSX 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): 0.1854%
- Total broker commissions: $434
- Bought from dealers (principal trades, not a cost): $3.0M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXNSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $273 | 62.89% |
| Credit Suisse Securities (USA) LLC | $161 | 37.11% |
DXNSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse Securities (USA) LLC | $1.6M | 52.21% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1.5M | 47.79% |
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.