Expense Ratio History

TSMX expense ratio history

Direxion Daily TSM Bull 2X ETF

Fund company
Direxion
Type
ETF

Expense ratio: 2.69%

In basis points
269 basis points
Yearly cost per $10,000
$269
Prospectus dated
28 February 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.99% on 28 February 2025

Fee over time

TSMX expense ratio: 0.99% until 28 Feb 2025, then 2.69%; read at 2.69% on 28 Feb 2025.0.00%1.00%2.00%3.00%4.00%Sep 2024Nov 2024Jan 2025Mar 20250.99% before2.69% from 28 Feb 2025
TSMX expense ratio: 0.99% until 28 Feb 2025, then 2.69%; read at 2.69% on 28 Feb 2025.0.00%1.00%2.00%3.00%4.00%Sep 2024Dec 2024Mar 20250.99% before2.69% 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 2.69% 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 2.69% Raised from 0.99% to 2.69%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2025-02-28
25 Sep 2024 0.99% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-09-25 (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 2.69% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,053 in fees over 10 years

After fees, $10,000 grows to $12,483.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$276
3 years$846
5 years$1,442
10 years$3,053

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 2 prospectuses for this share class since 2024. Each one is listed above with a link to the filing.

How we read fees

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