DXRLX Fees and Costs — Direxion Monthly Small Cap Bull 1.75X Fund, Investor Class
Data updated: 2026-07-30
The net expense ratio is 1.60% (1.97% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $11K in broker commissions, 0.0986% of average net assets, and portfolio turnover was 19%.
DXRLX Fees and Expenses
Annual operating expenses and sales charges of DXRLX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.83% |
| Gross expense ratio | 1.97% |
| Fee waiver | −0.37% |
| Net expense ratio | 1.60% |
| 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 |
DXRLX Costs Over Time
On $10,000 invested in DXRLX, assuming 5% a year before costs, total costs come to $1,048 over 5 years, cutting the return by 1.78% 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 1.60%) | $168 | $520 | $896 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $27 | $97 |
| Total costs | $178 | $580 | $1,048 |
| Value after costs | $10,322 | $10,996 | $11,715 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
DXRLX 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): 0.0986%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 19%
- Securities lending: none during the year
DXRLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $7K | 62.63% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4K | 35.32% |
| BNP PARIBAS SECURITIES CORP. | $153 | 1.34% |
| THE VERTICAL TRADING GROUP LLC | $81 | 0.71% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.