DXRSX Fees and Costs — Direxion Monthly Small Cap Bear 1.75X Fund, Investor Class
Data updated: 2023-04-28
The net expense ratio is 1.41% (2.30% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $41K in broker commissions, 0.9077% of average net assets, and portfolio turnover was 0%.
DXRSX Fees and Expenses
Annual operating expenses and sales charges of DXRSX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.24% |
| Gross expense ratio | 2.30% |
| Fee waiver | −0.89% |
| Net expense ratio | 1.41% |
| 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 |
DXRSX Costs Over Time
On $10,000 invested in DXRSX, assuming 5% a year before costs, total costs come to $1,412 over 5 years, cutting the return by 2.43% 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 1.41%) | $148 | $456 | $779 |
| Trading costs (broker commissions) | $95 | $293 | $502 |
| Lost growth on money paid in costs | $0 | $37 | $131 |
| Total costs | $243 | $786 | $1,412 |
| Value after costs | $10,257 | $10,790 | $11,351 |
| Impact on return, per year | 2.43% | 2.43% | 2.43% |
DXRSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.9077%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $209.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXRSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $35K | 84.18% |
| UBS Securities LLC | $6K | 13.98% |
| Credit Suisse Securities (USA) LLC | $759 | 1.84% |
DXRSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $173.2M | 82.69% |
| UBS Securities LLC | $28.8M | 13.73% |
| Credit Suisse Securities (USA) LLC | $7.5M | 3.58% |
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.