SPUU Fees and Costs — Direxion Daily S&P 500 Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 0.60%: a 0.50% management fee plus 0.15% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $136K in broker commissions, 0.0818% of average net assets.
SPUU Fees and Expenses
Annual operating expenses and sales charges of SPUU. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.65% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.60% |
| 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 |
SPUU Costs Over Time
On $10,000 invested in SPUU, assuming 5% a year before costs, total costs come to $429 over 5 years, cutting the return by 0.72% 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 0.60%) | $63 | $197 | $343 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $235 | $429 |
| Value after costs | $10,428 | $11,341 | $12,334 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
SPUU 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): 0.0818%
- Total broker commissions: $136K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $316K
- Net income from securities lending: $462 (0.000% of average net assets)
SPUU Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citibank, National Association | $47K | 34.32% |
| UBS AG | $46K | 34.01% |
| Goldman Sachs & Co. LLC | $43K | 31.58% |
| BNP Paribas | $133 | 0.10% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.