ESNG Fees and Costs — Direxion MSCI USA ESG - Leaders vs. Laggards ETF
Data updated: 2021-09-27
The net expense ratio is 0.40%: a 0.35% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $4K in broker commissions, 0.0428% of average net assets, and portfolio turnover was 66%.
ESNG Fees and Expenses
Annual operating expenses and sales charges of ESNG. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.40% |
| Fee waiver | — |
| Net expense ratio | 0.40% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ESNG Costs Over Time
On $10,000 invested in ESNG, assuming 5% a year before costs, total costs come to $280 over 5 years, cutting the return by 0.46% 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 0.40%) | $42 | $132 | $230 |
| Trading costs (broker commissions) | $4 | $14 | $25 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $46 | $153 | $280 |
| Value after costs | $10,454 | $11,423 | $12,483 |
| Impact on return, per year | 0.46% | 0.46% | 0.46% |
ESNG Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0428%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 66%
- Securities on loan, average value: $18K
- Net income from securities lending: $80 (0.001% of average net assets)
ESNG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse International | $3K | 76.47% |
| UBS AG | $866 | 23.53% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.