RUSS Fees and Costs — Direxion Daily Russia Bear 3X Shares
Data updated: 2020-03-30
The net expense ratio is 1.12% (1.18% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $52K in broker commissions, 0.2240% of average net assets, and portfolio turnover was 0%.
RUSS Fees and Expenses
Annual operating expenses and sales charges of RUSS. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.06% |
| Net expense ratio | 1.12% |
| 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 |
RUSS Costs Over Time
On $10,000 invested in RUSS, assuming 5% a year before costs, total costs come to $835 over 5 years, cutting the return by 1.41% 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 1.12%) | $118 | $366 | $632 |
| Trading costs (broker commissions) | $24 | $73 | $126 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $461 | $835 |
| Value after costs | $10,359 | $11,116 | $11,928 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
RUSS Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.2240%
- Total broker commissions: $52K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
RUSS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $26K | 50.48% |
| Credit Suisse International | $11K | 22.16% |
| BNP Paribas | $8K | 14.89% |
| Deutsche Bank AG | $6K | 12.07% |
| Bank of America N.A. (formerly Merrill Lynch) | $211 | 0.41% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.