DXSLX Fees and Costs — Direxion Monthly S&P 500 Bull 1.75X Fund, Investor Class
Data updated: 2026-07-30
The net expense ratio is 1.49%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $60K in broker commissions, 0.0521% of average net assets, and portfolio turnover was 0%.
DXSLX Fees and Expenses
Annual operating expenses and sales charges of DXSLX. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.49% |
| Fee waiver | — |
| Net expense ratio | 1.49% |
| 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 |
DXSLX Costs Over Time
On $10,000 invested in DXSLX, assuming 5% a year before costs, total costs come to $954 over 5 years, cutting the return by 1.62% 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 1.49%) | $156 | $485 | $837 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $527 | $954 |
| Value after costs | $10,338 | $11,049 | $11,809 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
DXSLX 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): 0.0521%
- Total broker commissions: $60K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXSLX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $47K | 78.73% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $12K | 20.85% |
| THE VERTICAL TRADING GROUP LLC | $246 | 0.41% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.