WEBS Fees and Costs — Direxion Daily Dow Jones Internet Bear 3X Shares
Data updated: 2026-09-28
The net expense ratio is 1.08% (1.16% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $39K in broker commissions, 0.3253% of average net assets, and portfolio turnover was 0%.
WEBS Fees and Expenses
Annual operating expenses and sales charges of WEBS. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 1.16% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.08% |
| 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 |
WEBS Costs Over Time
On $10,000 invested in WEBS, assuming 5% a year before costs, total costs come to $872 over 5 years, cutting the return by 1.48% 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 1.08%) | $113 | $352 | $608 |
| Trading costs (broker commissions) | $34 | $106 | $183 |
| Lost growth on money paid in costs | $0 | $23 | $80 |
| Total costs | $148 | $481 | $872 |
| Value after costs | $10,352 | $11,095 | $11,891 |
| Impact on return, per year | 1.48% | 1.48% | 1.48% |
WEBS 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): 0.3253%
- Total broker commissions: $39K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
WEBS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $12K | 30.82% |
| Citibank, National Association | $9K | 24.54% |
| JPMorgan Chase Bank, National Association | $9K | 24.29% |
| Bank of America N.A. | $8K | 20.36% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.