TMFTMV Daily 20+ Year Treasury Bull & Bear 3x Shares ETF

Overview

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 NYSE 20 Year Plus Treasury Bond Index (AXTWEN). There is no guarantee the funds will meet their stated investment objectives.

These leveraged ETFs seek a return that is +300% 0r -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.

Fact Sheet  ETF Guide  Prospectus

Target Index

Target Index

The NYSE 20+ Year Treasury Bond Index is a multiple-security fixed income index that aims to track the total returns of the intermediate 20+ year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot directly invest in an Index.

Index Bond Maturities (%)
27 to 30 Years 46.98
24 to 27 Years 42.47
20 to 24 Years 10.55

 

Index Credit Weightings (%)
Aaa 100
Aa 0
A 0
Baa 0

The credit ratings are published rankings based on detailed financial analyses by a credit bureau, in this instance Moody’s, specifically as it relates to the bond issuer’s ability to meet debt obligations. The highest rating is Aaa, and the lowest is D. Securities with credit ratings of Baa and above are considered investment grade. 

Duration
Index Duration = 17.07 Years
Fund Duration = 51.22 Years (TMF)  -51.22 Years TMV)

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.

All data as of 9/30/2014 and is subject to change at any time.

Daily Holdings

Fund Symbol TMF TMV
Daily Target 300% -300%
Intra-day Indicative Value TMF.IV TMV.IV
Bloomberg Index Symbol AXTWEN AXTWEN
CUSIP 25459W540 25459Y678
ISIN US25459W5408 US25459W6784
Gross Expense Ratio 1.20% 0.96%
Net Expense Ratio 0.95%* 0.91%*
Inception Date Apr 16, 2009 Apr 16, 2009

Pricing and Performance

Price Information
NAVs and market price information as of October 20, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
TMF Daily 20+ Year Treasury Bull 3x Shares 76.41 0.82 1.08 76.40 0.65 0.86 -0.01
TMV Daily 20+ Year Treasury Bear 3x Shares 36.91 -0.41 -1.10 36.90 -0.33 -0.89 -0.01

Performance
NAVs and market price information as of October 20, 2014

All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
TMF Daily 20+ Year Treasury Bull 3x Shares NAV -6.63 8.58 55.91 37.36 -2.12 11.24 5.55 1.20 / 0.95
Market Close -6.65 8.54 53.05 37.50 -2.07 11.06 5.43
TMV Daily 20+ Year Treasury Bear 3x Shares NAV 5.60 -11.41 -42.29 -37.00 -17.87 -30.81 -28.46 0.96 / 0.91
Market Close 5.60 -11.37 -41.20 -37.08 -17.92 -30.71 -28.39
All data as of 9/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD % 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
TMF Daily 20+ Year Treasury Bull 3x Shares NAV -6.63 8.58 55.91 37.36 -2.12 11.24 5.55 1.20 / 0.95
Market Close -6.65 8.54 53.05 37.50 -2.07 11.06 5.43
TMV Daily 20+ Year Treasury Bear 3x Shares NAV 5.60 -11.41 -42.29 -37.00 -17.87 -30.81 -28.46 0.96 / 0.91
Market Close 5.60 -11.37 -41.20 -37.08 -17.92 -30.71 -28.39

* The Net Expense Ratio of the Fund includes management fee and other operating expenses, but does not include indirect expenses such as Acquired Fund Fees and Expenses, leveraged interest and brokerage commissions. The Fund’s Advisor, Rafferty Asset Management, LLC has entered into an Operating Expense Limitation Agreement with the Fund, under which Rafferty has contractually agreed to cap all or a portion of its management fee and/or reimburse the Fund for Other Expense through September 1, 2015 to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% for TMF and 0.91% for TMV. 

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 www.direxioninvestments.com.

Short-term performance, in particular, is not a good indication of the 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 or summary prospectus. Index performance does not include any fees or expenses, are unmanaged and cannot be invested in directly.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
TMF Daily 20+ Year Treasury Bull 3x Shares 0.06507
TMF Daily 20+ Year Treasury Bull 3x Shares 0.98733
TMF Daily 20+ Year Treasury Bull 3x Shares 0.2923
TMF Daily 20+ Year Treasury Bull 3x Shares 0.49895
TMF Daily 20+ Year Treasury Bull 3x Shares 0.04747
TMF Daily 20+ Year Treasury Bull 3x Shares 0.07353
TMF Daily 20+ Year Treasury Bull 3x Shares 0.05394
TMF Daily 20+ Year Treasury Bull 3x Shares 0.31723
TMF Daily 20+ Year Treasury Bull 3x Shares 4.19652
TMF Daily 20+ Year Treasury Bull 3x Shares 0.28201
TMF Daily 20+ Year Treasury Bull 3x Shares 0.15637
TMF Daily 20+ Year Treasury Bull 3x Shares 0.11787
TMF Daily 20+ Year Treasury Bull 3x Shares 0.0776
TMF Daily 20+ Year Treasury Bull 3x Shares 0.10768
TMF Daily 20+ Year Treasury Bull 3x Shares 0.22046
TMV Daily 20+ Year Treasury Bear 3x Shares 7.3487