RWVG Fees and Costs — Direxion Russell 1000(R) Value Over Growth ETF
Data updated: 2022-09-29
The net expense ratio is 0.63%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $12K in broker commissions, 0.0321% of average net assets, and portfolio turnover was 3%.
RWVG Fees and Expenses
Annual operating expenses and sales charges of RWVG. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.05% |
| Gross expense ratio | 0.63% |
| Fee waiver | — |
| Net expense ratio | 0.63% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
RWVG Costs Over Time
On $10,000 invested in RWVG, assuming 5% a year before costs, total costs come to $417 over 5 years, cutting the return by 0.70% 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 0.63%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $3 | $11 | $18 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $70 | $228 | $417 |
| Value after costs | $10,430 | $11,348 | $12,346 |
| Impact on return, per year | 0.70% | 0.70% | 0.70% |
RWVG 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): 0.0321%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 3%
- Securities on loan, average value: $6K
- Net income from securities lending: $11 (0.000% of average net assets)
RWVG Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Credit Suisse International | $12K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.