The Direxion MLP ETF would change an expense ratio of 0.65%, according to the filing.
The fund’s tracking index is comprised of about 25 stocks selected by Zacks Investment Research, based on investment and other criteria, from a universe of MLPs listed on domestic exchanges.
MLPs are publicly traded partnerships engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources, the filing said.
The largest MLP exchange traded products include Alerian MLP ETF (NYSEArca: AMLP) and JPMorgan Alerian MLP Index ETN (NYSEArca: AMJ).
