KNOW Fees and Costs — Direxion All Cap Insider Sentiment Shares
Data updated: 2020-09-25
The net expense ratio is 0.66%. There are no sales loads or redemption fees. In fiscal 2019 the fund paid $744K in broker commissions, 0.5093% of average net assets.
KNOW Fees and Expenses
Annual operating expenses and sales charges of KNOW. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.66% |
| Fee waiver | — |
| Net expense ratio | 0.66% |
| 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 |
KNOW Costs Over Time
On $10,000 invested in KNOW, assuming 5% a year before costs, total costs come to $729 over 5 years, cutting the return by 1.23% 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 0.66%) | $69 | $216 | $374 |
| Trading costs (broker commissions) | $53 | $167 | $288 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $401 | $729 |
| Value after costs | $10,377 | $11,175 | $12,034 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
KNOW 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): 0.5093%
- Total broker commissions: $744K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $3.6M
- Net income from securities lending: $64K (0.044% of average net assets)
KNOW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Deutsche Bank Securities Inc. | $285K | 38.35% |
| Goldman Sachs & Co. LLC | $210K | 28.17% |
| Credit Suisse Securities (USA) LLC | $117K | 15.67% |
| Bank of America N.A. (formerly Merrill Lynch) | $49K | 6.60% |
| Virtu Financial BD LLC | $45K | 6.02% |
| Citigroup Global Markets Inc. | $39K | 5.18% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.