TMV

Direxion Daily 20+ Year Treasury Bear 3x Shares
*Unless otherwise stated, data provided by FactSet.

TMV Fund Description

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

TMV Factset Analytics Insight

TMV provides daily inverse (-3x) exposure to the ICE U.S. Treasury 20+ Year Bond Index. Using a combination of swaps and futures, TMV 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, TMV is not a buy-and-hold ETF, it's a short-term tactical instrument. Prior to May 2, 2016, TMV tracked the NYSE 20+Year Treasury Bond Index. The change had minimal impact on investor’s exposure.

TMV MSCI ESG Analytics Insight

Direxion Daily 20+ Year Treasury Bear 3x Shares has an MSCI ESG Fund Rating of A based on a score of 6.08 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Daily 20+ Year Treasury Bear 3x Shares ranks in the 34th percentile within its peer group and in the 0th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

PERFORMANCE [as of 01/14/22] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
TMV 17.37% 2.29% 12.43% 0.51% -30.56% -22.62% -21.22%
TMV (NAV) 17.38% 2.33% 12.92% 0.42% -30.56% -22.62% -21.22%
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

TMV Summary Data

Direxion
04/16/09
Open-Ended Fund
1.04%
$352.96M
0.05%
TBF, TBT, TTT

TMV Portfolio Data

0.25%
N/A

TMV Index Data

Market Value
Market Value
N/A

TMV Fund Structure

Yes
No
-- / --
N/A
N/A
Low
-3
Daily

TMV Tax Exposures

20.00% / 39.60%
--
No

TMV Factset Analytics Block Liquidity

As of 01/18/22
5
4
3
2
1

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

TMV Tradability

525,951
$28.85M
468,470
$26.06M
0.05%
$0.03
0.00%
1.78% / -0.72%
None
100.00%
50,000
9.37
0.00%
--
0
$61.24
N/A

TMV MSCI ESG Ratings

6.08 / 10
--
33.55
--
--
1.50

Options Strategies for Outcome Investing

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