GUSH Fees and Costs — Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 0.93%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $395K in broker commissions, 0.1454% of average net assets, and portfolio turnover was 36%.
GUSH Fees and Expenses
Annual operating expenses and sales charges of GUSH. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
GUSH Costs Over Time
On $10,000 invested in GUSH, assuming 5% a year before costs, total costs come to $672 over 5 years, cutting the return by 1.13% 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 0.93%) | $98 | $304 | $528 |
| Trading costs (broker commissions) | $15 | $48 | $82 |
| Lost growth on money paid in costs | $0 | $17 | $62 |
| Total costs | $113 | $369 | $672 |
| Value after costs | $10,387 | $11,207 | $12,091 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
GUSH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1454%
- Total broker commissions: $395K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $37K (0.014% of average net assets)
GUSH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $99K | 25.17% |
| Citibank, National Association | $96K | 24.39% |
| UBS AG | $82K | 20.81% |
| Bank of America N.A. | $50K | 12.69% |
| JPMorgan Chase Bank, National Association | $42K | 10.65% |
| BNP Paribas | $25K | 6.29% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.