TMF

Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)

$39.72

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the NYSE 20 Year Plus Treasury Bond Index.

Overview

ETF tracking Direxion Daily 20+ Year Treasury Bull 3X Shares (based on the NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN)

Category Leveraged

Issuer Other

Inception Date 2009-04-16

Market Cap $4.6B

Average Volume N/A

Dividend Yield 3.98%

52-Week Range $34.38 - $50.97

VWAP $40.26

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the NYSE 20 Year Plus Treasury Bond Index.

🎯 Investment Strategy

The fund uses financial instruments, such as swap agreements and futures contracts, to seek its daily leveraged investment objective. It does not invest directly in the underlying index components.

✨ Key Features

Provides 3x daily leveraged exposure to long-term U.S. Treasury bonds
Seeks to track the NYSE 20 Year Plus Treasury Bond Index
Utilizes derivatives to achieve its leveraged investment objective
Resets daily, so long-term returns may differ from the target multiple

⚠️ Primary Risks

Significant daily volatility and potential for large losses due to leverage
Tracking error risk, as the fund may not perfectly match the target index
Counterparty risk associated with the use of derivatives
Interest rate risk, as Treasury bond prices are sensitive to changes in rates

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, leveraged exposure to long-term U.S. Treasury bonds and understand the risks associated with daily rebalancing and the use of derivatives. It is not suitable for long-term buy-and-hold investors.