TMF Direxion Daily 20+ Year Treasury Bull 3X Shares
What is TMF?
TMF provides 3x daily exposure to a market-value-weighted index of US Treasury Bonds with over 20 years to maturity.
TMF Factset Analytics Insight
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.
TMF Summary Data
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TMF Tax Exposures
TMF Portfolio Data
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Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TMF. TMF is rated a 5 out of 5.