MIDU Fees and Costs — Direxion Daily Mid Cap Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.99%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $227K in broker commissions, 0.2752% of average net assets, and portfolio turnover was 63%.
MIDU Fees and Expenses
Annual operating expenses and sales charges of MIDU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.99% |
| Fee waiver | — |
| Net expense ratio | 0.99% |
| 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 |
MIDU Costs Over Time
On $10,000 invested in MIDU, assuming 5% a year before costs, total costs come to $787 over 5 years, cutting the return by 1.33% 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 0.99%) | $104 | $323 | $559 |
| Trading costs (broker commissions) | $29 | $90 | $155 |
| Lost growth on money paid in costs | $0 | $21 | $72 |
| Total costs | $133 | $434 | $787 |
| Value after costs | $10,367 | $11,142 | $11,976 |
| Impact on return, per year | 1.33% | 1.33% | 1.33% |
MIDU 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): 0.2752%
- Total broker commissions: $227K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 63%
- Securities on loan, average value: $1.7M
- Net income from securities lending: $3K (0.003% of average net assets)
MIDU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $69K | 30.28% |
| Bank of America N.A. | $64K | 28.19% |
| Citibank, National Association | $54K | 23.61% |
| JPMorgan Chase Bank, National Association | $30K | 13.30% |
| BNP Paribas | $11K | 4.62% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.