WDRW Fees and Costs — Direxion Daily Regional Banks Bear 3X Shares
Data updated: 2020-03-30
The net expense ratio is 1.09% (2.17% before fee waivers). There are no sales loads or redemption fees. In fiscal 2019 the fund paid $8K in broker commissions, 0.3821% of average net assets.
WDRW Fees and Expenses
Annual operating expenses and sales charges of WDRW. Prospectus, as of October 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.28% |
| Gross expense ratio | 2.17% |
| Fee waiver | −1.08% |
| Net expense ratio | 1.09% |
| 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 |
WDRW Costs Over Time
On $10,000 invested in WDRW, assuming 5% a year before costs, total costs come to $912 over 5 years, cutting the return by 1.55% 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 1.09%) | $114 | $355 | $613 |
| Trading costs (broker commissions) | $40 | $125 | $215 |
| Lost growth on money paid in costs | $0 | $24 | $84 |
| Total costs | $155 | $504 | $912 |
| Value after costs | $10,345 | $11,072 | $11,851 |
| Impact on return, per year | 1.55% | 1.55% | 1.55% |
WDRW Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2019.
- Explicit cost rate (commissions ÷ average net assets): 0.3821%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): —
- Securities lending: none during the year
WDRW Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America N.A. (formerly Merrill Lynch) | $4K | 49.11% |
| Citibank, National Association | $2K | 28.66% |
| UBS AG | $2K | 22.22% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.