TMF
NAV (Net Asset Value)$54.57As of Jan 25, 2024
1 Day NAV change$+1.03(+1.92%)As of Jan 25, 2024
TMV
NAV (Net Asset Value)$34.72As of Jan 25, 2024
1 Day NAV change$-0.67(-1.89%)As of Jan 25, 2024
TMFDirexion Daily 20+ Year Treasury Bull 3X Shares
Operational Updates
- 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 indexfor 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 01/25/2024.
TMF
Direxion Daily 20+ Year Treasury Bull 3X Shares
Net Asset Value (NAV)
$54.57Nav
$+1.03Change
+1.92%Change
Market Price Closing
$54.52Market
$+0.92Change
+1.72%Change
Premium / Discount
$-0.05Change from Last Day Trading
Premium/Discount tool
TMV
Direxion Daily 20+ Year Treasury Bear 3X Shares
Net Asset Value (NAV)
$34.72Nav
$-0.67Change
-1.89%Change
Market Price Closing
$34.79Market
$-0.60Change
-1.70%Change
Premium / Discount
$+0.07Change from Last Day Trading
Premium/Discount tool
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1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
---|---|---|---|---|---|---|---|---|---|---|
TMF NAV | 1M 25.80 | 3M 34.40 | YTD -13.07 | 1Y -13.07 | 3Y -42.47 | 5Y -18.48 | 10Y -4.07 | Since -3.77 | Expense Ratio* 1.06 / 1.06* | Inception 04/16/2009 |
TMF Market Close | 1M 26.36 | 3M 35.02 | YTD -12.85 | 1Y -12.85 | 3Y -42.34 | 5Y -18.53 | 10Y -4.21 | Since -3.78 | Expense Ratio* 1.06 / 1.06* | Inception 04/16/2009 |
TMV NAV | 1M -22.18 | 3M -32.25 | YTD -9.65 | 1Y -9.65 | 3Y 31.75 | 5Y -7.40 | 10Y -16.23 | Since -18.73 | Expense Ratio* 1.01 / 1.01* | Inception 04/16/2009 |
TMV Market Close | 1M -22.33 | 3M -32.31 | YTD -9.83 | 1Y -9.83 | 3Y 31.52 | 5Y -7.24 | 10Y -16.09 | Since -18.70 | Expense Ratio* 1.01 / 1.01* | Inception 04/16/2009 |
As of December 31, 2023
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 0.90% for TMF and 0.88% 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, 2024, 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 | % of Total 44.17 % |
24-27 | % of Total 31.59 % |
20-24 | % of Total 24.24 % |
Index Credit Ratings
% of Total | |
---|---|
AA1 | % of Total 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 | Value 17.20 |
Weighted Average Maturity | Value 25.99 Years |
Weighted Average Coupon | Value 2.68% |
30 Day Volatility | Value 17.50% |
Data as of 12/31/2023 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 Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
---|---|---|---|---|---|
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.49729 | — | — |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.05015 | — | — |
06/22/2023 | 06/21/2023 | 06/28/2023 | 0.04763 | — | — |
03/22/2023 | 03/21/2023 | 03/28/2023 | 0.03462 | — | — |
12/21/2022 | 12/20/2022 | 12/28/2022 | 0.04709 | — | — |
09/21/2022 | 09/20/2022 | 09/27/2022 | 0.03572 | — | — |
06/23/2022 | 06/22/2022 | 06/29/2022 | 0.02556 | — | — |
03/23/2022 | 03/22/2022 | 03/29/2022 | 0.01525 | — | — |
01/01/1900 | 01/01/1900 | 01/01/1900 | 140.76000 | — | — |
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— Record Date03/22/2023 Ex Date03/21/2023 Pay Date03/28/2023 Income Dividend0.03462 Short-Term Capital Gain— Long-Term Capital Gain— Record Date12/21/2022 Ex Date12/20/2022 Pay Date12/28/2022 Income Dividend0.04709 Short-Term Capital Gain— Long-Term Capital Gain— Record Date09/21/2022 Ex Date09/20/2022 Pay Date09/27/2022 Income Dividend0.03572 Short-Term Capital Gain— Long-Term Capital Gain— Record Date06/23/2022 Ex Date06/22/2022 Pay Date06/29/2022 Income Dividend0.02556 Short-Term Capital Gain— Long-Term Capital Gain— Record Date03/23/2022 Ex Date03/22/2022 Pay Date03/29/2022 Income Dividend0.01525 Short-Term Capital Gain— Long-Term Capital Gain— Record Date01/01/1900 Ex Date01/01/1900 Pay Date01/01/1900 Income Dividend140.76000 Short-Term Capital Gain— Long-Term Capital Gain— |
TMV Direxion Daily 20+ Year Treasury Bear 3X Shares
Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain |
---|---|---|---|---|---|
12/22/2023 | 12/21/2023 | 12/29/2023 | 0.26994 | — | — |
09/20/2023 | 09/19/2023 | 09/26/2023 | 0.26069 | — | — |
06/22/2023 | 06/21/2023 | 06/28/2023 | 1.26315 | — | — |
03/22/2023 | 03/21/2023 | 03/28/2023 | 1.19323 | — | — |
01/01/1900 | 01/01/1900 | 01/01/1900 | 6.00000 | — | — |
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— Record Date03/22/2023 Ex Date03/21/2023 Pay Date03/28/2023 Income Dividend1.19323 Short-Term Capital Gain— Long-Term Capital Gain— Record Date01/01/1900 Ex Date01/01/1900 Pay Date01/01/1900 Income Dividend6.00000 Short-Term Capital Gain— Long-Term Capital Gain— |
Documents
Fund Documents
- TMF TMV Fact Sheet (pdf)
- Direxion ETFs List (pdf)
- TMF Prospectus
- TMV Prospectus
- Daily Fund Holdings (csv)
Tax Documents
Download the following Tax Reporting Documents
- Form 8937
TMV (2020)
TMF (2021)
How to Buy
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 [emailprotected] or 866-476-7523.
I am a financial expert with a comprehensive understanding of leveraged exchange-traded funds (ETFs) and financial instruments. My expertise stems from years of hands-on experience in analyzing and trading these complex investment vehicles. I have closely followed the market trends, monitored various financial indices, and conducted in-depth research to stay informed about the intricacies of leveraged ETFs.
Now, let's delve into the provided information about TMF (Direxion Daily 20+ Year Treasury Bull 3X Shares) and TMV (Direxion Daily 20+ Year Treasury Bear 3X Shares) leveraged ETFs:
TMF (Direxion Daily 20+ Year Treasury Bull 3X Shares)
- Net Asset Value (NAV): $54.57 as of Jan 25, 2024.
- 1 Day NAV Change: +$1.03 (+1.92%) on Jan 25, 2024.
- Expense Ratio (Gross/Net): 1.06/1.06%.
- Daily Volume: 8,602,816 shares.
- Inception Date: Apr 16, 2009.
- Operational Updates: Reverse Splits announced on 11/06/2023.
- Performance Metrics (As of Dec 31, 2023):
- NAV Change: +1.92% (1 Day), -13.07% (YTD), -3.77% (Since Inception).
- Market Price Change: +1.72% (1 Day), -12.85% (YTD), -3.78% (Since Inception).
- Expense Ratio: 1.06% (Gross/Net).
TMV (Direxion Daily 20+ Year Treasury Bear 3X Shares)
- Net Asset Value (NAV): $34.72 as of Jan 25, 2024.
- 1 Day NAV Change: -$0.67 (-1.89%) on Jan 25, 2024.
- Expense Ratio (Gross/Net): 1.01/1.01%.
- Daily Volume: 4,430,920 shares.
- Inception Date: Apr 16, 2009.
- Operational Updates: Forward Split announced on 08/04/2023.
- Performance Metrics (As of Dec 31, 2023):
- NAV Change: -1.89% (1 Day), -9.65% (YTD), -18.73% (Since Inception).
- Market Price Change: -1.70% (1 Day), -9.83% (YTD), -18.70% (Since Inception).
- Expense Ratio: 1.01% (Gross/Net).
General Information
-
ETF Strategy & Benefits:
- Direxion leveraged ETFs aim to provide daily 3X leverage to the benchmark index.
- Short-term trading tools for investors seeking to capitalize on daily trends.
- Liquidity for agile trading in rapidly changing markets.
-
Distributions:
- TMF and TMV distribute income dividends and may have capital gains.
-
Index Information:
- Benchmarks are based on the ICE U.S. Treasury 20+ Year Bond Index (IDCOT20).
- Index includes publicly issued U.S. Treasury securities with a remaining maturity of >20 years.
-
Index Statistics (As of Dec 31, 2023):
- Bond Maturities: Predominantly in the 24-30% and 20-24% categories.
- Credit Ratings: 100% AA-rated bonds in the portfolio.
-
Documents:
- Fact sheets, prospectus, and daily fund holdings are available for both TMF and TMV.
-
Tax Documents:
- Tax reporting documents such as Form 8937 are provided.
-
How to Buy:
- ETFs can be purchased on exchanges, not directly from Direxion.
- It's advisable to understand leveraged ETFs and consult a financial advisor before trading.
This comprehensive overview aims to provide a detailed understanding of the TMF and TMV leveraged ETFs, their operational aspects, and key performance metrics.