LBJ Fees and Costs — Direxion Daily Latin America Bull 2X Shares
Data updated: 2022-01-12
The net expense ratio is 1.23% (1.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $44K in broker commissions, 0.1819% of average net assets, and portfolio turnover was 102%.
LBJ Fees and Expenses
Annual operating expenses and sales charges of LBJ. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.46% |
| Fee waiver | −0.23% |
| Net expense ratio | 1.23% |
| 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 |
LBJ Costs Over Time
On $10,000 invested in LBJ, assuming 5% a year before costs, total costs come to $876 over 5 years, cutting the return by 1.48% 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 1.23%) | $129 | $401 | $693 |
| Trading costs (broker commissions) | $19 | $59 | $102 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $148 | $483 | $876 |
| Value after costs | $10,352 | $11,093 | $11,887 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
LBJ Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1819%
- Total broker commissions: $44K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 102%
- Securities on loan, average value: $747K
- Net income from securities lending: $3K (0.011% of average net assets)
LBJ Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JPMorgan Chase Bank, National Association | $19K | 42.12% |
| Credit Suisse International | $14K | 32.73% |
| BNP Paribas | $10K | 21.77% |
| Barclays Bank PLC | $1K | 3.07% |
| Bank of America N.A. | $135 | 0.31% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.