TPOR Fees and Costs — Direxion Daily Transportation Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.97% (1.04% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $55K in broker commissions, 0.3321% of average net assets, and portfolio turnover was 53%.
TPOR Fees and Expenses
Annual operating expenses and sales charges of TPOR. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.27% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.97% |
| 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 |
TPOR Costs Over Time
On $10,000 invested in TPOR, assuming 5% a year before costs, total costs come to $810 over 5 years, cutting the return by 1.37% 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 0.97%) | $102 | $317 | $548 |
| Trading costs (broker commissions) | $35 | $108 | $187 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $137 | $446 | $810 |
| Value after costs | $10,363 | $11,130 | $11,953 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
TPOR 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): 0.3321%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 53%
- Securities on loan, average value: $194K
- Net income from securities lending: $311 (0.002% of average net assets)
TPOR Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $24K | 43.59% |
| Barclays Bank PLC | $15K | 26.43% |
| Citibank, National Association | $15K | 26.16% |
| BNP Paribas | $2K | 3.82% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.