GASX Fees and Costs — Direxion Daily Natural Gas Related Bear 3X Shares
Data updated: 2020-03-30
The net expense ratio is 1.09% (1.50% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $32K in broker commissions, 0.6060% of average net assets, and portfolio turnover was 0%.
GASX Fees and Expenses
Annual operating expenses and sales charges of GASX. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.41% |
| Net expense ratio | 1.09% |
| 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 |
GASX Costs Over Time
On $10,000 invested in GASX, assuming 5% a year before costs, total costs come to $1,046 over 5 years, cutting the return by 1.78% 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 1.09%) | $114 | $355 | $610 |
| Trading costs (broker commissions) | $64 | $197 | $339 |
| Lost growth on money paid in costs | $0 | $27 | $97 |
| Total costs | $178 | $579 | $1,046 |
| Value after costs | $10,322 | $10,997 | $11,717 |
| Impact on return, per year | 1.78% | 1.78% | 1.78% |
GASX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.6060%
- Total broker commissions: $32K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
GASX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. (formerly Merrill Lynch) | $12K | 38.33% |
| Citibank, National Association | $10K | 30.86% |
| BNP Paribas | $8K | 26.91% |
| Deutsche Bank AG | $1K | 3.90% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.