TMF
·NYSE
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Key Stats
Assets Under Management
4.04BUSD
Fund Flows (1Y)
-964.09MUSD
Dividend Yield
4.13%
Discount/Premium to NAV
-0.07%
Shares Outstanding
105.25M
Expense Ratio
0.91%
About Direxion Daily 20+ Year Treasury Bull 3X Shares
Issuer
Rafferty Asset Management, LLC
Brand
Direxion
Inception Date
Apr 16, 2009
Structure
Open-Ended Fund
Index Tracked
ICE U.S. Treasury 20+ 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
TMF provides daily leveraged (3x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TMF 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, TMF is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to May 2, 2016, TMF tracked the NYSE 20+ Year Treasury Bond Index. The change had minimal impact on investor's exposure.
Classification
Asset Class
Fixed Income
Category
Government, Treasury
Focus
Investment Grade
Niche
Long-Term
Strategy
Vanilla
Geography
U.S.
Weighting Scheme
Market Value
Selection Criteria
Market value
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | -4.71% | -4.33% | -5.70% | -8.36% | -58.78% | -89.01% |
NAV Total Return | -6.21% | -5.66% | -2.27% | -8.04% | -56.08% | -87.97% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
No data is currently available
Asset
No data is currently available
Region
No data is currently available
Investment Style
No data is currently available
Top 10 Holdings
Symbol
Ratio
TLT
iShares 20+ Year Treasury Bond ETF
71.02%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP
41.70%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-1
41.16%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-2
33.47%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-3
30.45%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-4
28.24%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-5
25.83%
ISHARES 20+ YEAR TREASURY BOND ETF SWAP-6
19.47%
DREYFUS GOVT CASH MAN INS
14.46%
DREYFUS TRSRY SECURITIES CASH MGMT
8.69%
Top 10 Weight 314.49%
14 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-09-23 | 2025-09-23 | 2025-09-30 | 0.405 |
| 2025-06-24 | 2025-06-24 | 2025-07-01 | 0.362 |
| 2025-03-25 | 2025-03-25 | 2025-04-01 | 0.288 |
| 2024-12-23 | 2024-12-23 | 2024-12-31 | 0.524 |
| 2024-09-24 | 2024-09-24 | 2024-10-01 | 0.435 |
| 2024-06-25 | 2024-06-25 | 2024-07-02 | 0.435 |
| 2024-03-19 | 2024-03-20 | 2024-03-26 | 0.320 |
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Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
