SOXL Fees and Costs — Direxion Daily Semiconductor Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.75% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39.5M in broker commissions, 0.3627% of average net assets, and portfolio turnover was 69%.
SOXL Fees and Expenses
Annual operating expenses and sales charges of SOXL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.14% |
| Net expense ratio | 0.75% |
| 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 |
SOXL Costs Over Time
On $10,000 invested in SOXL, assuming 5% a year before costs, total costs come to $694 over 5 years, cutting the return by 1.17% 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 0.75%) | $79 | $245 | $425 |
| Trading costs (broker commissions) | $38 | $119 | $206 |
| Lost growth on money paid in costs | $0 | $18 | $64 |
| Total costs | $117 | $382 | $694 |
| Value after costs | $10,383 | $11,194 | $12,068 |
| Impact on return, per year | 1.17% | 1.17% | 1.17% |
SOXL 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): 0.3627%
- Total broker commissions: $39.5M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $48.8M
- Net income from securities lending: $3.4M (0.031% of average net assets)
SOXL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9.0M | 22.86% |
| Citibank, National Association | $7.3M | 18.37% |
| Bank of America N.A. | $6.9M | 17.38% |
| BNP Paribas | $5.8M | 14.67% |
| UBS AG | $3.9M | 9.74% |
| Barclays Bank PLC | $3.8M | 9.67% |
| JPMorgan Chase Bank, National Association | $2.6M | 6.61% |
| BNY MELLON CAPITAL MAREKTS LLC | $240K | 0.61% |
| KNIGHT CAPITAL AMERICAS, LLC | $33K | 0.08% |
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.