What is TMF?

TMF provides 3x daily exposure to a market-value-weighted index of US Treasury Bonds with over 20 years to maturity.

PERFORMANCE [as of 11/29/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TMF 15.62% -28.39% -70.34% -71.11% -33.25% -16.27% -7.66%
TMF (NAV) 15.70% -28.37% -70.53% -71.10% -33.26% -16.25% -7.66%
Bloomberg U.S. Long Treasury Index 5.51% -8.05% -28.52% -28.49% -7.96% -1.71% 0.51%
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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

Direxion
04/16/09
1.00%
$690.26M
Bloomberg U.S. Long Treasury Index
Open-Ended Fund

Peers

Bloomberg U.S. Long Treasury Index
N/A

Fund Flows

+$0.05B 5 Days
+$0.23B 30 Days
+$0.48B 90 Days

TMF Fund Structure

Yes
Yes
-- / --
N/A
N/A
Low
3
Daily

TMF Tax Exposures

20.00% / 39.60%
--
No

TMF Portfolio Data

0.94%
N/A

TMF Index Data

Market Value
Market Value
Bloomberg U.S. Long Treasury Index

Factset Analytics Block Liquidity

As of 11/30/22

This measurement shows how easy it is to trade a $1 million USD block of TMF. TMF is rated a 5 out of 5.

TMF Tradability

10,739,039
$80.99M
9,554,167
$72.95M
0.13%
$0.01
0.04%
0.79% / -0.74%
None
100.00%
50,000
191.08
0.02%
--
104,547
$8.29
5