Expense Ratio History

DRV expense ratio history

Direxion Daily Real Estate Bear 3X ETF

Fund company
Direxion
Type
ETF

1.06%

In basis points
106 basis points
Yearly cost per $10,000
$106
Prospectus dated
28 February 2025, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.10% on 28 February 2025

Fee over time

DRV expense ratio: 1.33% until 28 Feb 2013, then 1.39%; 1.39% until 28 Feb 2014, then 1.59%; 1.59% until 27 Feb 2015, then 1.58%; 1.58% until 29 Feb 2016, then 1.53%; 1.53% until 28 Feb 2017, then 1.54%; 1.54% until 28 Feb 2018, then 1.47%; 1.47% until 28 Feb 2020, then 1.39%; 1.39% until 28 Feb 2021, then 1.22%; 1.22% until 28 Feb 2022, then 1.21%; 1.21% until 28 Feb 2023, then 1.15%; 1.15% until 28 Feb 2024, then 1.10%; 1.10% until 28 Feb 2025, then 1.06%; read at 1.06% on 28 Feb 2025.0.00%1.00%2.00%3.00%Jun 2012Aug 2014Oct 2016Dec 2018Feb 2021Apr 20231.33% before1.06% from 28 Feb 2025
DRV expense ratio: 1.33% until 28 Feb 2013, then 1.39%; 1.39% until 28 Feb 2014, then 1.59%; 1.59% until 27 Feb 2015, then 1.58%; 1.58% until 29 Feb 2016, then 1.53%; 1.53% until 28 Feb 2017, then 1.54%; 1.54% until 28 Feb 2018, then 1.47%; 1.47% until 28 Feb 2020, then 1.39%; 1.39% until 28 Feb 2021, then 1.22%; 1.22% until 28 Feb 2022, then 1.21%; 1.21% until 28 Feb 2023, then 1.15%; 1.15% until 28 Feb 2024, then 1.10%; 1.10% until 28 Feb 2025, then 1.06%; read at 1.06% on 28 Feb 2025.0.00%1.00%2.00%3.00%Jun 2012Oct 2016Feb 20211.33% before1.06% from 28 Feb 2025
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 2025 1.06% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2025 1.06% Cut from 1.10% to 1.06%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-02-28
29 Feb 2024 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2024 1.10% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2024 1.10% Cut from 1.15% to 1.10%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-02-28
28 Feb 2023 1.15% 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 1.15% Cut from 1.21% to 1.15%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2023-03-02
28 Feb 2022 1.21% 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
28 Feb 2022 1.21% Cut from 1.22% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
28 Feb 2021 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2021 1.22% Cut from 1.39% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-02-26
28 Feb 2020 1.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2020 1.39% Cut from 1.47% to 1.39%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-03-17
28 Feb 2018 1.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2018 1.47% Cut from 1.54% to 1.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-03-07
28 Feb 2017 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2017 1.54% Raised from 1.53% to 1.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-08
29 Feb 2016 1.53% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Feb 2016 1.53% Cut from 1.58% to 1.53%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-03-28
27 Feb 2015 1.58% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2015 1.58% Cut from 1.59% to 1.58%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-03-19
28 Feb 2014 1.59% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2014 1.59% Raised from 1.39% to 1.59%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-03-14
28 Feb 2013 1.39% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2013 1.39% Raised from 1.33% to 1.39%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-03-21
29 Jun 2012 1.33% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-06-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.06% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,299 in fees over 10 years

After fees, $10,000 grows to $14,680.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$109
3 years$339
5 years$587
10 years$1,299

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 14 prospectuses for this share class since 2012. Each one is listed above with a link to the filing.

How we read fees

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