URAA Fees and Costs — Direxion Daily Uranium Industry Bull 2X Shares
Data updated: 2026-09-28
The net expense ratio is 1.28% (3.36% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $43K in broker commissions, 0.3256% of average net assets, and portfolio turnover was 78%.
URAA Fees and Expenses
Annual operating expenses and sales charges of URAA. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.28% |
| Gross expense ratio | 3.36% |
| Fee waiver | −2.08% |
| Net expense ratio | 1.28% |
| 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 |
URAA Costs Over Time
On $10,000 invested in URAA, assuming 5% a year before costs, total costs come to $992 over 5 years, cutting the return by 1.69% 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 1.28%) | $134 | $417 | $718 |
| Trading costs (broker commissions) | $34 | $106 | $183 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $549 | $992 |
| Value after costs | $10,331 | $11,028 | $11,771 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
URAA 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): 0.3256%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $810K
- Net income from securities lending: $4K (0.029% of average net assets)
URAA Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNP Paribas | $16K | 36.99% |
| UBS AG | $9K | 20.84% |
| Barclays Bank PLC | $8K | 18.00% |
| Bank of America N.A. | $5K | 12.73% |
| Goldman Sachs & Co. LLC | $5K | 11.45% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.