MEXX Fees and Costs — Direxion Daily MSCI Mexico Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 1.24% (1.28% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $79K in broker commissions, 0.3692% of average net assets, and portfolio turnover was 56%.
MEXX Fees and Expenses
Annual operating expenses and sales charges of MEXX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.24% |
| 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 |
MEXX Costs Over Time
On $10,000 invested in MEXX, assuming 5% a year before costs, total costs come to $994 over 5 years, cutting the return by 1.69% 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 1.24%) | $130 | $404 | $696 |
| Trading costs (broker commissions) | $39 | $120 | $207 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $550 | $994 |
| Value after costs | $10,331 | $11,026 | $11,768 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
MEXX 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): 0.3692%
- Total broker commissions: $79K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 56%
- Securities on loan, average value: $1.4M
- Net income from securities lending: $20K (0.091% of average net assets)
MEXX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $35K | 43.93% |
| Citibank, National Association | $21K | 26.43% |
| Barclays Bank PLC | $12K | 15.33% |
| JPMorgan Chase Bank, National Association | $7K | 8.66% |
| Bank of America N.A. | $3K | 3.57% |
| BNP Paribas | $855 | 1.08% |
| UBS AG | $793 | 1.00% |
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.