Symbols

TYD

Direxion Daily 7-10 Year Treasury Bull 3X ETF·ARCA

--(--)

Key Stats

Assets Under Management

39.88MUSD

Fund Flow (1Y)

-15.24MUSD

Dividend Yield

2.86%

Discount / Premium to NAV

0.12%

Shares Outstanding

1.65M

Expense Ratio

1.07%

About Direxion Daily 7-10 Year Treasury Bull 3X ETF

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-7-10-year-treasury-bull-bear-3x-etfs

Inception Date

Apr 16, 2009

Structure

Open-Ended Fund

Index Tracked

ICE U.S. Treasury 7-10 Year Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

TYD provides daily leveraged 3x exposure to the ICE U.S. Treasury 7-10 Year Bond Index. The index is designed to rise when yields fall, making TYD a highly leveraged bet on falling yields. The exposure is reset daily, so holding the fund for longer could produce results that vary significantly from the intended 3x exposure. Management fees are of less concern, as a tactical tool, investors should pay extra attention to TYD's trading characteristics to determine if it has enough liquidity to support same-day entry and exit. Prior to May 2, 2016, TYD tracked the NYSE 7-10 Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.