TMV

Fund Description
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 ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will meet their stated investment objectives. These leveraged ETFs seek a return that is +300% or -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. The ICE U.S. Treasury 20+ Year Bond Index 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 zero-coupon STRIPS, inflation linked securities, floating rate notes, cash management and Treasury bills, and any government agency debt issued with or without a government guarantee. One cannot directly invest in an Index.
Fund Profile
Fund Name Direxion Daily 20 Year Plus Treasury Bear 3x Shares
Fund Exchange Ticker TMV
Fund Sponsor Direxion Shares
Fund ISIN US25459Y6784
Net Expense Ratio 0.90 %
Fund Inception Date 16 April 2009
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Leveraged / Inverse
Asset Class Bonds
Index Linked Passive
Index Name ICE U.S. Treasury 20+ Year Bond Index
Index Provider ICE Indices
Currency Hedged No
Inverse / Leveraged Inverse (-3x)
Developed / Emerging Developed Market Funds
Bond Type Treasury & Government
Credit Quality Investment Grade Only
Average Maturity Long (10 + years)
Bond Currency Denomination Not Applicable
Key Statistics
Return As of Date 17 July 2019
Asset Under Management 168.82 Million (USD)
1 Month Total Return -1.21 %
Year To Date Return -24.12 %
1 Year Total Return -25.78 %
3 Year Annualized Total Return -5.07 %
NAV 13.7258
Share Outstanding 12,299,800
Top 10 Holdings (17 July 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
ISHARES 20+ YEAR TREASURY BOND ETF SWAP TLTCT SWAP 0.6400663245
ISHARES 20+ YEAR TREASURY BOND ETF SWAP TLTBP SWAP 0.5397082126
ISHARES 20+ YEAR TREASURY BOND ETF SWAP TLT SWAP 0.2610502913
ISHARES 20+ YEAR TREASURY BOND ETF SWAP TLTU SWAP 0.2168854694
BANK OF NEW YORK CASH RESERVE MMKT -0.2562551228
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.1424580316
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.1339817353
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0362461646
GOLDMAN FINL SQ TRSRY INST 506 MMKT -0.0304355711
GOLDMAN FINL SQ TRSRY INS MMKT -0.0297769304