PILL Fees and Costs — Direxion Daily Pharmaceutical & Medical Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.97% (1.15% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $36K in broker commissions, 0.3095% of average net assets, and portfolio turnover was 67%.
PILL Fees and Expenses
Annual operating expenses and sales charges of PILL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 1.15% |
| Fee waiver | −0.18% |
| Net expense ratio | 0.97% |
| 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 |
PILL Costs Over Time
On $10,000 invested in PILL, assuming 5% a year before costs, total costs come to $796 over 5 years, cutting the return by 1.34% 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 0.97%) | $102 | $317 | $548 |
| Trading costs (broker commissions) | $32 | $101 | $175 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $439 | $796 |
| Value after costs | $10,366 | $11,138 | $11,967 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
PILL 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): 0.3095%
- Total broker commissions: $36K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 67%
- Securities on loan, average value: $280K
- Net income from securities lending: $3K (0.026% of average net assets)
PILL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $16K | 44.52% |
| Citibank, National Association | $14K | 37.76% |
| UBS AG | $4K | 11.16% |
| BNP Paribas | $2K | 6.56% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.