QQQU Fees and Costs — Direxion Daily Magnificent 7 Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 0.98% (1.47% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $156K in broker commissions, 0.1955% of average net assets, and portfolio turnover was 267%.
QQQU Fees and Expenses
Annual operating expenses and sales charges of QQQU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.69% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.49% |
| Net expense ratio | 0.98% |
| 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 |
QQQU Costs Over Time
On $10,000 invested in QQQU, assuming 5% a year before costs, total costs come to $733 over 5 years, cutting the return by 1.23% 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 0.98%) | $103 | $320 | $555 |
| Trading costs (broker commissions) | $21 | $64 | $111 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $733 |
| Value after costs | $10,377 | $11,173 | $12,030 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
QQQU 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): 0.1955%
- Total broker commissions: $156K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 267%
- Securities lending: none during the year
QQQU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $105K | 67.25% |
| Barclays Bank PLC | $36K | 23.19% |
| BNP Paribas | $10K | 6.34% |
| Bank of America N.A. | $5K | 3.22% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.