KORU Fees and Costs — Direxion Daily MSCI South Korea Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 1.32% (1.33% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $383K in broker commissions, 0.3556% of average net assets.
KORU Fees and Expenses
Annual operating expenses and sales charges of KORU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.33% |
| Fee waiver | −0.01% |
| Net expense ratio | 1.32% |
| 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 |
KORU Costs Over Time
On $10,000 invested in KORU, assuming 5% a year before costs, total costs come to $1,034 over 5 years, cutting the return by 1.76% 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 1.32%) | $139 | $429 | $739 |
| Trading costs (broker commissions) | $37 | $116 | $199 |
| Lost growth on money paid in costs | $0 | $27 | $95 |
| Total costs | $176 | $572 | $1,034 |
| Value after costs | $10,324 | $11,004 | $11,729 |
| Impact on return, per year | 1.76% | 1.76% | 1.76% |
KORU 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): 0.3556%
- Total broker commissions: $383K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
KORU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Association | $131K | 34.32% |
| Barclays Bank PLC | $108K | 28.10% |
| Citibank, National Association | $65K | 16.85% |
| Bank of America N.A. | $63K | 16.57% |
| BNP Paribas | $16K | 4.15% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.