DXSSX Fees and Costs — Direxion Monthly S&P 500 Bear 1.75X Fund, Investor Class
Data updated: 2023-04-28
The net expense ratio is 1.41% (1.97% before fee waivers). There are no sales loads or redemption fees. In fiscal 2022 the fund paid $21K in broker commissions, 0.2960% of average net assets, and portfolio turnover was 0%.
DXSSX Fees and Expenses
Annual operating expenses and sales charges of DXSSX. Prospectus, as of December 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.91% |
| Gross expense ratio | 1.97% |
| Fee waiver | −0.56% |
| 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 |
DXSSX Costs Over Time
On $10,000 invested in DXSSX, assuming 5% a year before costs, total costs come to $1,052 over 5 years, cutting the return by 1.79% 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 | $459 | $789 |
| Trading costs (broker commissions) | $31 | $96 | $166 |
| Lost growth on money paid in costs | $0 | $28 | $97 |
| Total costs | $179 | $582 | $1,052 |
| Value after costs | $10,321 | $10,994 | $11,711 |
| Impact on return, per year | 1.79% | 1.79% | 1.79% |
DXSSX 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): 0.2960%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $114.5M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
DXSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $20K | 93.33% |
| Credit Suisse Securities (USA) LLC | $1K | 6.67% |
DXSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $100.7M | 87.94% |
| Credit Suisse Securities (USA) LLC | $13.8M | 12.06% |
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.