Direxion Daily 20 Year Plus Treasury Bear 1x Shares

TYBS

 

Symbol Fund Index/Benchmark Daily Target Bloomberg Index Symbol
1x Bear
TYBS Daily 20 Year Plus Treasury Bear 1x Shares NYSE 20 Year Plus Treasury Index -100% AXTWEN

Cusip 25459Y 405

Inception date 03.23.11

 

Fund Objective

The Daily 20 Year Plus Treasury Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the NYSE 20 Year Plus Treasury Bond Index. There is no guarantee the fund will meet its stated investment objective.

Target Index

The NYSE 20 Year Plus Treasury Bond Index (AXTWEN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 20 plus year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot invest directly in an index.

Index Credit Ratings

AAA  100.0%
AA+  0.0%
AA 0.0%
AA- 0.0%
A and lower 0.0%

 

Index Bond Maturities

20 to 24 Years  4.11%
24 to 27 Years 17.45%
27 to 29 Years 78.44%
30 Years Plus 0.0%

 

Data as of 03/31/2012 is subject to change at any time.

Regulatory Documents (including Prospectus, SAI, Semi-Annual Report and Annual Report)

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The credit ratings are published rankings based on detailed financial analyses by a credit bureau, specifically as it relates to the bond issuer's ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB and above are considered investment grade.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion Shares carefully before investing. The prospectus and summary prospectus contain this and other information about Direxion Shares. Click here to obtain a prospectus and summary prospectus. The prospectus and summary prospectus should be read carefully before investing.

The Funds are designed to be utilized only by sophisticated investors, such as traders and active investors employing dynamic strategies. Such investors are expected to monitor and manage their portfolios frequently. Investors in the Funds should (a) understand the consequences of seeking daily investment results, (b) understand the risk of shorting, and (c) intend to actively monitor and manage their investments.

An investment in the Funds involve risk, including the possible loss of principal. The Funds are non-diversified and include risks associated with concentration risk that results from the Funds' investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Fund does not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, leverage, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.