EVAV Fees and Costs — Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
Data updated: 2025-09-29
The net expense ratio is 0.98% (1.83% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $17K in broker commissions, 0.3513% of average net assets, and portfolio turnover was 59%.
EVAV Fees and Expenses
Annual operating expenses and sales charges of EVAV. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.05% |
| Gross expense ratio | 1.83% |
| Fee waiver | −0.85% |
| Net expense ratio | 0.98% |
| 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 |
EVAV Costs Over Time
On $10,000 invested in EVAV, assuming 5% a year before costs, total costs come to $827 over 5 years, cutting the return by 1.40% 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 0.98%) | $103 | $320 | $553 |
| Trading costs (broker commissions) | $37 | $115 | $198 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $827 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
EVAV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.3513%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 59%
- Securities on loan, average value: $909K
- Net income from securities lending: $98K (2.040% of average net assets)
EVAV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Association | $7K | 41.65% |
| Goldman Sachs & Co. LLC | $4K | 26.06% |
| BNP Paribas | $4K | 24.69% |
| Bank of America N.A. | $1K | 7.07% |
| Citibank, National Association | $89 | 0.52% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.