- What are the top holdings of TMV?
- Direxion Daily 20+ Year Treasury Bear 3X ETF holds 10 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does TMV have?
- TMV holds 10 positions as reported by the fund's most recent disclosure.
- What sectors does TMV invest in?
- Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is TMV most exposed to?
- TMV's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is TMV a US-only fund?
- The country allocation card on this page shows TMV's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does TMV invest in?
- TMV provides daily inverse (-3x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TMV gives investors -3x exposure to daily moves in T-bonds with more than 20 years left to maturity. The daily reset means investors shouldn't expect the leverage factor to hold constant over investment horizons greater than one day. In short, the fund is a valid option for tactical positioning/hedging against rising interest rates, but it's important to keep in mind that the -3x leverage results in greater impact from the effects of compounding. As a levered product, TMV is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change had minimal impact on investors exposure. Effective February 27, 2026, the fund replaced the term Shares in its name with ETF.
