Direxion Daily 20+ Year Treasury Bull 3X ETF

Frequently Asked Questions About TMF

What does TMF invest in?

The Direxion Daily 20+ Year Treasury Bull & Bear 3X ETFs endeavor to achieve daily investment outcomes, before accounting for fees and expenses. Specifically, these outcomes aim to replicate either 300% of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, or 300% of its inverse (opposite) movement. Investors should be aware that the successful attainment of these precise daily objectives is not guaranteed.

What is the expense ratio of TMF?

Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) charges an expense ratio of 1.01%. This is the annual fee deducted from fund assets to cover management and operations.

What is TMF's dividend yield?

TMF's trailing-twelve-month yield is 4.76%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of TMF?

Effective duration measures TMF's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. TMF's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of TMF?

TMF's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of TMF?

Yield to maturity (YTM) is the total return you'd earn from TMF if every bond in the portfolio is held to maturity at the current price. TMF's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.