UTSL Fees and Costs — Direxion Daily Utilities Bull 3X Shares
Data updated: 2026-09-28
The net expense ratio is 0.97%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $103K in broker commissions, 0.2714% of average net assets.
UTSL Fees and Expenses
Annual operating expenses and sales charges of UTSL. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
UTSL Costs Over Time
On $10,000 invested in UTSL, assuming 5% a year before costs, total costs come to $773 over 5 years, cutting the return by 1.30% 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) | $28 | $89 | $153 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $426 | $773 |
| Value after costs | $10,370 | $11,150 | $11,990 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
UTSL 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): 0.2714%
- Total broker commissions: $103K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities on loan, average value: $39K
- Net income from securities lending: $48 (0.000% of average net assets)
UTSL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Barclays Bank PLC | $35K | 33.50% |
| Goldman Sachs & Co. LLC | $31K | 29.76% |
| JPMorgan Chase Bank, National Association | $19K | 18.21% |
| UBS AG | $15K | 14.64% |
| BNP Paribas | $2K | 2.16% |
| Citibank, National Association | $2K | 1.72% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.