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Leveraged & Inverse ETFs

Direxion Daily 20+ Year Treasury Bull and Bear 3X Shares

The Direxion Daily 20+ Year Treasury Bull & Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives.

Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.

TMF

NAV (Net Asset Value)$52.69As of Jun 20, 2024
1 Day NAV change$-1.09(-2.03%)As of Jun 20, 2024

TMV

NAV (Net Asset Value)$33.81As of Jun 20, 2024
1 Day NAV change$+0.68(+2.06%)As of Jun 20, 2024
TMFDirexion Daily 20+ Year Treasury Bull 3X Shares
Daily Target
+300%
Intra-day Value
TMF.IV
Daily NAV
$52.69
Daily Market Price
$52.66
Expense Ratio
(gross/net %)
1.04 / 1.04*
Daily Volume
5,225,101
Security Identifier
25460G138
Inception Date
Apr 16, 2009
TMVDirexion Daily 20+ Year Treasury Bear 3X Shares
Daily Target
-300%
Intra-day Value
TMV.IV
Daily NAV
$33.81
Daily Market Price
$33.82
Expense Ratio
(gross/net %)
1.01 / 1.01*
Daily Volume
743,816
Security Identifier
25460G849
Inception Date
Apr 16, 2009

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
    Set Up Your ETF Alerts Today
  • 11/06/2023
    Direxion Announces Reverse Splits of TMF
    Read the Article
  • 08/04/2023
    Direxion Announces Forward Split of TMV
    Read the Article

Documents & Downloads

  • TMF TMV Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • TMF Prospectus
  • TMV Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 06/20/2024.

TMF Direxion Daily 20+ Year Treasury Bull 3X Shares
Net Asset Value (NAV)
$52.69Nav
$-1.09Change
-2.03%Change
Market Price Closing
$52.66Market
$-1.09Change
-2.03%Change
Premium / Discount
$-0.03Change from Last Day Trading
Premium/Discount tool
TMV Direxion Daily 20+ Year Treasury Bear 3X Shares
Net Asset Value (NAV)
$33.81Nav
$+0.68Change
+2.06%Change
Market Price Closing
$33.82Market
$+0.70Change
+2.11%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
TMF NAV
7.20
-12.90
-26.53
-38.96
-40.90
-27.02
-10.38
-5.61
1.04 / 1.04*
04/16/2009
TMF Market Close
7.21
-12.70
-26.61
-38.72
-40.42
-26.98
-10.36
-5.63
1.04 / 1.04*
04/16/2009
TMV NAV
-7.07
12.99
30.74
36.45
29.80
3.15
-10.19
-16.80
1.01 / 1.01*
04/16/2009
TMV Market Close
-7.20
12.53
30.70
36.10
28.91
3.10
-10.21
-16.78
1.01 / 1.01*
04/16/2009

As of May 31, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.89% for TMF and 0.87% for TMV. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”), has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Funds for Other Expenses through September 1, 2025, to the extent that a Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The ICE U.S. Treasury 20+ Year Bond Index (IDCOT20) is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. Eligible securities must be fixed rate, denominated in U.S. dollars, and have $300 million or more of outstanding face value, excluding amounts held by the Federal Reserve. Securities excluded from the Index are inflation-linked securities, Treasury bills, cash management bills, any government agency debt issued with or without a government guarantee and zero-coupon issues that have been stripped from coupon-paying bonds. One cannot invest directly in an index.

Index Bond Maturities

% of Total
27-30
44.24%
24-27
31.59%
20-24
24.17%

Index Credit Ratings

% of Total
Aa1
100.00%
The credit ratings are published rankings based on Moody's financial analyses as it relates to the bond issuer's ability to meet debt obligations. The highest rating is Aaa, and the lowest is C.

Index Statistics

Value
Effective Duration
16.90
Weighted Average Maturity
26.04 Years
Weighted Average Coupon
2.74%
30 Day Volatility
10.78%

Data as of 03/31/2024 and is subject to change at any time.

Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Duration is expressed as a number of years.

The weighted average maturity of the time until all maturities on treasuries in the index. The higher the weighted average to maturity, the longer the bonds have in the index until maturity.

The weighted average coupon of the index is arrived at by weighting the coupon of each bond by its relative size in the portfolio.

Volatility is a measurement of risk based on daily volatility of price over the last 30 days of the period calculated using standard deviation.

View Daily Fund Holdings

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Distributions

TMF Direxion Daily 20+ Year Treasury Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.31979
12/22/202312/21/202312/29/20230.49729
09/20/202309/19/202309/26/20230.05015
06/22/202306/21/202306/28/20230.04763
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.31979
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.49729
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.05015
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.04763
Short-Term Capital Gain
Long-Term Capital Gain

TMV Direxion Daily 20+ Year Treasury Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital GainExpand
03/20/202403/19/202403/26/20240.49413
12/22/202312/21/202312/29/20230.26994
09/20/202309/19/202309/26/20230.26069
06/22/202306/21/202306/28/20231.26315
Record Date03/20/2024
Ex Date03/19/2024
Pay Date03/26/2024
Income Dividend0.49413
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.26994
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.26069
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend1.26315
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

How to Trade

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Trade

While you can't trade our funds from our website, investors still have multiple options for buying Direxion ETFs
Learn More About Trading Direxion ETFs

What's Inside?

Daily Reset

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