RUSL Fees and Costs — Direxion Daily Russia Bull 2X Shares
Data updated: 2022-04-01
The net expense ratio is 1.20%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $77K in broker commissions, 0.1177% of average net assets, and portfolio turnover was 108%.
RUSL Fees and Expenses
Annual operating expenses and sales charges of RUSL. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| 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 |
RUSL Costs Over Time
On $10,000 invested in RUSL, assuming 5% a year before costs, total costs come to $819 over 5 years, cutting the return by 1.38% 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 1.20%) | $126 | $392 | $677 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $138 | $452 | $819 |
| Value after costs | $10,362 | $11,125 | $11,944 |
| Impact on return, per year | 1.38% | 1.38% | 1.38% |
RUSL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.1177%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 108%
- Securities lending: none during the year
RUSL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $29K | 37.90% |
| Bank of America N.A. | $24K | 30.71% |
| Credit Suisse International | $24K | 30.53% |
| BNP Paribas | $662 | 0.86% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.