NFXL Fees and Costs — Direxion Daily NFLX Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 1.06% (6.47% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $124K in broker commissions, 0.2739% of average net assets, and portfolio turnover was 0%.
NFXL Fees and Expenses
Annual operating expenses and sales charges of NFXL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 5.61% |
| Gross expense ratio | 6.47% |
| Fee waiver | −5.41% |
| Net expense ratio | 1.06% |
| 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 |
NFXL Costs Over Time
On $10,000 invested in NFXL, assuming 5% a year before costs, total costs come to $829 over 5 years, cutting the return by 1.40% 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 1.06%) | $111 | $346 | $598 |
| Trading costs (broker commissions) | $29 | $89 | $155 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $457 | $829 |
| Value after costs | $10,360 | $11,119 | $11,934 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
NFXL 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): 0.2739%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
NFXL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $53K | 42.75% |
| Bank of America N.A. | $32K | 26.01% |
| Barclays Bank PLC | $27K | 22.11% |
| Citibank, National Association | $11K | 8.78% |
| Nomura Global Financial Products Inc. | $353 | 0.29% |
| BNP Paribas | $70 | 0.06% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.