RETL Fees and Costs — Direxion Daily Retail Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.94%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $122K in broker commissions, 0.3159% of average net assets, and portfolio turnover was 111%.
RETL Fees and Expenses
Annual operating expenses and sales charges of RETL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| 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 |
RETL Costs Over Time
On $10,000 invested in RETL, assuming 5% a year before costs, total costs come to $782 over 5 years, cutting the return by 1.32% 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 0.94%) | $99 | $307 | $531 |
| Trading costs (broker commissions) | $33 | $103 | $179 |
| Lost growth on money paid in costs | $0 | $20 | $72 |
| Total costs | $132 | $431 | $782 |
| Value after costs | $10,368 | $11,146 | $11,981 |
| Impact on return, per year | 1.32% | 1.32% | 1.32% |
RETL 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): 0.3159%
- Total broker commissions: $122K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 111%
- Securities on loan, average value: $1.8M
- Net income from securities lending: $6K (0.015% of average net assets)
RETL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $39K | 32.09% |
| JPMorgan Chase Bank, National Association | $36K | 29.82% |
| Citibank, National Association | $18K | 14.93% |
| Barclays Bank PLC | $18K | 14.48% |
| BNP Paribas | $11K | 8.68% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.