MOON Fees and Costs — Direxion Moonshot Innovators ETF
Data updated: 2024-06-28
The net expense ratio is 0.65%: a 0.60% management fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $10K in broker commissions, 0.0304% of average net assets, and portfolio turnover was 71%.
MOON Fees and Expenses
Annual operating expenses and sales charges of MOON. Prospectus, as of February 29, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.65% |
| Fee waiver | — |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
MOON Costs Over Time
On $10,000 invested in MOON, assuming 5% a year before costs, total costs come to $428 over 5 years, cutting the return by 0.71% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $71 | $235 | $428 |
| Value after costs | $10,429 | $11,342 | $12,334 |
| Impact on return, per year | 0.71% | 0.71% | 0.71% |
MOON Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0304%
- Total broker commissions: $10K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 71%
- Securities on loan, average value: $7.4M
- Net income from securities lending: $687K (2.075% of average net assets)
MOON Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $7K | 68.18% |
| Credit Suisse Securities (USA) LLC | $3K | 25.54% |
| Citibank, National Association | $633 | 6.28% |
| BNP Paribas | $0 | 0.00% |
| ADM Investor Services, Inc. | $0 | 0.00% |
| CL SECURITIES TAIWAN COMPANY LIMITED | $0 | 0.00% |
| KOREA INVESTMENT AND SECURITIES CO., LTD | $0 | 0.00% |
| Pershing LLC | $0 | 0.00% |
| BNY Mellon Capital Markets, LLC | $0 | 0.00% |
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.