TYNS Daily 7-10 Year Treasury Bear 1X Shares ETF

Overview

The Direxion Daily 7-10 Year Treasury Bear 1X Shares ETF seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN).  There is no guarantee this fund will meet its stated investment objectives.

This leveraged ETF seeks a return that is -100% of the return of its benchmark index for a single day.

Fact Sheet  ETF Guide  Prospectus 

Key Features of the Fund

Key Benefits

TYNS, a non-leveraged inverse ETF is a trading tool that allow investors to either seek profit, or seek to apply a hedge, for an existing U.S. Treasuries position that they anticipate will experience negative returns, in the short-term.

  • The fund allows investors a tactical trading alternative to selling out of an existing position and creating a taxable event.

Since they don’t employ leverage, compounding is less magnified compared to leveraged inverse ETFs

Target Index

Target Index

The NYSE 7-10 Year Treasury Bond Index (AXSVTN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 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 Credit Ratings (%)

Aaa

100.0

A

0.0

Baa

0.0

Aa

0.0

The credit ratings are published rankings based on detailed financial analysis by a credit bureau, specifically as it relates to the bond issuers ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB are considered investment grade.

Index Bond Maturities (%)

7 to 8 Years

36.64

8 to 9 Years

33.62

9 to 10 Years

29.74

 

Duration

Index Duration = 7.42 Years

Fund Duration = -7.42 Years

Data as of 3/31/2014 is subject to change at any time.

Daily Holdings

Fund Symbol TYNS
Daily Target -100%
Intra-day Indicative Value TYNS.IV
Bloomberg Index Symbol AXSVTN
CUSIP 25459Y108
ISIN US25459Y1082
Gross Expense Ratio 2.78%
Net Expense Ratio 0.65%
Inception Date Mar 23, 2011

Pricing and Performance

Price Information
NAVs and market price information as of July 24, 2014

Ticker Fund Name NAV NAV Change $ NAV Change % Market Price Closing Market Price Closing Change($) Market Price Closing Change(%) Premium / Discount
TYNS Daily 7-10 Year Treasury Bear 1x Shares 32.21 0.13 0.41 32.16 -0.05

Performance
NAVs and market price information as of July 24, 2014

All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
TYNS Daily 7-10 Year Treasury Bear 1x Shares NAV 0.06 -2.74 -5.86 -4.64 -5.94 -6.34 2.78 / 0.65
Market Close 0.37 -2.65 -5.36 -4.58 -5.79 -6.32
All data as of 6/30/2014
Ticker Fund Name   1 Mo % 3 Mo % YTD 1 YR % 3 YR % 5 YR % 10 YR % Since Inception Inception Date Expense Ratio* (Gross/Net %)
TYNS Daily 7-10 Year Treasury Bear 1x Shares NAV 0.06 -2.74 -5.86 -4.64 -5.94 -6.34 2.78 / 0.65
Market Close 0.37 -2.65 -5.36 -4.58 -5.79 -6.32

Rafferty has contractually agreed to waive all or a portion of it’s fees and/or reimburse the fund for expenses through September 1, 2015, to the extent that the funds net annual operating expenses exceed 0.65%.

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.

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.

Distributions

Ticker Fund Name Record Date Ex Date Pay Date Income Dividend Short-Term Capital Gain Long-Term Capital Gain
TYNS Daily 7-10 Year Treasury Bear 1x Shares