Direxion Daily 20 Year Plus Treasury Bear 3x Shares

TMV


View Daily 20 Year Plus Treasury Bull 3x Shares

Symbol Fund Index/Benchmark Daily Target Bloomberg Index Symbol
3x ETFs
TMV Daily 20 Year Plus Treasury Bear 3x Shares NYSE 20 Year Plus Treasury Bond Index -300% AXTWEN

Cusip 25459Y 678

Inception date 04.16.09

 

Fund Objective

The Direxion Daily 20 Year Plus Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN). 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 long-term 20 year and greater maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding.One cannot directly invest 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  0.0%
24 to 27 Years 20.36%
27 to 29 Years 79.64%
30 Years Plus 0.0%

 

Index Duration

17.47 Years

Data as of 09/30/2011 is subject to change at any time.

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

Back to top...

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.