NUGT Fees and Costs — Direxion Daily Gold Miners Index Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 1.13%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.1592% of average net assets, and portfolio turnover was 13%.
NUGT Fees and Expenses
Annual operating expenses and sales charges of NUGT. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.10% |
| Gross expense ratio | 1.13% |
| Fee waiver | — |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
NUGT Costs Over Time
On $10,000 invested in NUGT, assuming 5% a year before costs, total costs come to $802 over 5 years, cutting the return by 1.35% 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 1.13%) | $119 | $369 | $638 |
| Trading costs (broker commissions) | $17 | $52 | $90 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $135 | $442 | $802 |
| Value after costs | $10,365 | $11,134 | $11,961 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
NUGT 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): 0.1592%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities on loan, average value: $27.5M
- Net income from securities lending: $70K (0.011% of average net assets)
NUGT Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $363K | 36.01% |
| Citibank, National Association | $224K | 22.21% |
| BNP Paribas | $191K | 18.97% |
| Bank of America N.A. | $102K | 10.07% |
| JPMorgan Chase Bank, National Association | $96K | 9.47% |
| Goldman Sachs & Co. LLC | $31K | 3.09% |
| BNY MELLON CAPITAL MAREKTS LLC | $2K | 0.18% |
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.