Expense Ratio History

SWAR expense ratio history

Direxion Daily Software Bull 2X Shares

Fund company
Direxion
Type
Mutual fund

2.41%

In basis points
241 basis points
Yearly cost per $10,000
$241
Prospectus dated
28 February 2023, filed with the SEC; rounded to 0.01%
Last change
Raised from 1.09% on 28 February 2023

Fee over time

SWAR expense ratio: 1.09% until 28 Feb 2023, then 2.41%; read at 2.41% on 28 Feb 2023.0.00%1.00%2.00%3.00%4.00%Sep 2021Jan 2022May 2022Sep 2022Jan 20231.09% before2.41% from 28 Feb 2023
SWAR expense ratio: 1.09% until 28 Feb 2023, then 2.41%; read at 2.41% on 28 Feb 2023.0.00%1.00%2.00%3.00%4.00%Sep 2021Apr 2022Nov 20221.09% before2.41% from 28 Feb 2023
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Every figure we've recorded

DateFeeWhat happened
28 Feb 2023 2.41% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2023 2.41% Raised from 1.09% to 2.41%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-03-02
28 Feb 2022 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
21 Sep 2021 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-09-21 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.41% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$2,771 in fees over 10 years

After fees, $10,000 grows to $12,838.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$247
3 years$760
5 years$1,299
10 years$2,771

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 3 prospectuses for this share class since 2021. Each one is listed above with a link to the filing.

How we read fees

More Direxion funds

The cheapest of 162. All Direxion funds.