LMBO Fees and Costs — Direxion Daily Crypto Industry Bull 2X Shares
Data updated: 2026-04-01
The net expense ratio is 1.00% (4.96% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.2586% of average net assets, and portfolio turnover was 47%.
LMBO Fees and Expenses
Annual operating expenses and sales charges of LMBO. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.16% |
| Gross expense ratio | 4.96% |
| Fee waiver | −3.96% |
| Net expense ratio | 1.00% |
| 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 |
LMBO Costs Over Time
On $10,000 invested in LMBO, assuming 5% a year before costs, total costs come to $783 over 5 years, cutting the return by 1.32% 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 1.00%) | $105 | $327 | $565 |
| Trading costs (broker commissions) | $27 | $84 | $146 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $432 | $783 |
| Value after costs | $10,368 | $11,145 | $11,980 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
LMBO 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): 0.2586%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $519K
- Net income from securities lending: $2K (0.044% of average net assets)
LMBO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. | $6K | 47.27% |
| Citibank, National Association | $2K | 16.89% |
| BNP Paribas | $2K | 16.64% |
| Barclays Bank PLC | $1K | 11.50% |
| Goldman Sachs & Co. LLC | $934 | 7.69% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.