TMF: Direxion Daily 20+ Year Treasury Bull 3X Shares - MutualFunds.com
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Direxion Daily 20+ Yr Trsy Bull 3X ETF

TMF - Snapshot

Vitals

  • YTD Return -18.8%
  • 3 Yr Annualized Return 12.5%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $286 M
  • Holdings in Top 10 99.2%

52 WEEK LOW AND HIGH

$29.33
$21.29
$46.68

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 67.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) N/A
  • IRA N/A

Fund Classification

  • Primary Theme
  • Fund Type Exchange Traded Fund
  • Investment Style Trading--Leveraged Debt

Compare TMF to Popular Leveraged Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$28.81

-1.77%

$286.11 M

0.10%

$0.03

-18.75%

1.06%

$21.55

+0.21%

$91.03 M

2.26%

$0.49

1.41%

1.70%

$42.99

-0.83%

$72.35 M

0.68%

$0.29

-8.65%

1.08%

$54.98

-1.29%

$36.32 M

-

$0.00

-11.85%

0.95%

$78.01

+0.41%

$27.21 M

-

$1.73

4.98%

1.14%

TMF - Profile

Distributions

  • YTD Total Return -18.0%
  • 3 Yr Annualized Total Return 12.5%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.22%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Direxion Daily 20+ Year Treasury Bull 3X Shares
  • Fund Family Name
    Direxion Funds
  • Inception Date
    Apr 16, 2009
  • Shares Outstanding
    10800000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Paul Brigandi

Fund Description

The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a market value weighted index that includes publicly issued U.S. Treasury securities that have a remaining maturity of greater than 20 years. The fund is non-diversified.


TMF - Performance

Return Ranking - Trailing

Period TMF Return Category Return Low Category Return High Rank in Category (%)
YTD -18.8% -18.8% 5.0% 100.00%
1 Yr -33.4% -33.4% 26.0% 100.00%
3 Yr 12.5%* 4.7% 13.3% 12.50%
5 Yr -0.4%* -0.4% 10.0% 100.00%
10 Yr 12.4%* 4.8% 12.4% 8.33%

* Annualized

Return Ranking - Calendar

Period TMF Return Category Return Low Category Return High Rank in Category (%)
2020 36.0% -34.2% 36.0% 7.14%
2019 33.4% 1.6% 33.4% 7.14%
2018 -12.4% -100.0% -0.4% 87.50%
2017 22.2% -1.3% 22.2% 6.25%
2016 -75.6% -75.6% 26.1% 100.00%

Total Return Ranking - Trailing

Period TMF Return Category Return Low Category Return High Rank in Category (%)
YTD -18.0% -18.0% 5.3% 100.00%
1 Yr -33.4% -33.4% 26.0% 100.00%
3 Yr 12.5%* 4.7% 13.3% 12.50%
5 Yr -0.4%* -0.4% 10.0% 100.00%
10 Yr 12.4%* 4.8% 12.4% 8.33%

* Annualized

Total Return Ranking - Calendar

Period TMF Return Category Return Low Category Return High Rank in Category (%)
2020 36.0% -17.5% 36.0% 7.14%
2019 33.4% 4.0% 33.4% 7.14%
2018 -12.4% -100.0% -0.4% 87.50%
2017 22.2% -1.3% 22.2% 6.25%
2016 -2.5% -6.0% 26.1% 66.67%

TMF - Holdings

Concentration Analysis

TMF Category Low Category High TMF % Rank
Net Assets 286 M 463 K 286 M 6.25%
Number of Holdings 7 6 49 84.62%
Net Assets in Top 10 239 M 18.7 M 239 M 7.69%
Weighting of Top 10 99.18% 86.5% 99.2% 20.00%

Top 10 Holdings

  1. iShares 20+ Year Treasury Bond ETF 48.66%
  2. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  3. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  4. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  5. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  6. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  7. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  8. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  9. Ishares 20+ Year Treasury Bond Etf Swap 20.94%
  10. Ishares 20+ Year Treasury Bond Etf Swap 20.94%

Asset Allocation

Weighting Return Low Return High TMF % Rank
Cash
54.89% -104.91% 100.88% 23.08%
Bonds
48.59% 0.00% 86.21% 61.54%
Preferred Stocks
0.00% 0.00% 0.03% 53.85%
Other
0.00% -0.88% 164.77% 61.54%
Convertible Bonds
0.00% 0.00% 1.67% 69.23%
Stocks
-3.48% -3.48% 199.44% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High TMF % Rank
Cash & Equivalents
54.24% 13.60% 100.00% 46.15%
Government
45.76% 0.00% 86.40% 53.85%
Derivative
0.00% 0.00% 0.02% 61.54%
Securitized
0.00% 0.00% 1.26% 61.54%
Corporate
0.00% 0.00% 77.27% 69.23%
Municipal
0.00% 0.00% 0.05% 61.54%

Bond Geographic Breakdown

Weighting Return Low Return High TMF % Rank
US
48.59% 0.00% 86.21% 61.54%
Non US
0.00% 0.00% 10.98% 69.23%

TMF - Expenses

Operational Fees

TMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.75% 2.40% 68.75%
Management Fee 0.75% 0.50% 0.75% 50.00%
12b-1 Fee 0.00% 0.00% 1.00% 33.33%
Administrative Fee N/A 0.05% 0.20% N/A

Sales Fees

TMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.75% 4.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

TMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

TMF Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 67.00% 0.00% 392.00% 50.00%

TMF - Distributions

Dividend Yield Analysis

TMF Category Low Category High TMF % Rank
Dividend Yield 0.10% 0.00% 0.13% 43.75%

Dividend Distribution Analysis

TMF Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Monthly

Net Income Ratio Analysis

TMF Category Low Category High TMF % Rank
Net Income Ratio 0.22% -0.91% 4.39% 61.54%

Capital Gain Distribution Analysis

TMF Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

TMF - Fund Manager Analysis

Managers

Paul Brigandi


Start Date

Tenure

Tenure Rank

Apr 16, 2009

12.21

12.2%

Paul Brigandi, the Fund’s Portfolio Manager, is primarily responsible for the day-to-day management of the Fund. An investment trading team of Rafferty employees assists Mr. Brigandi in the day-to-day management of the Fund subject to his primary responsibility and oversight. The Portfolio Manager works with the investment trading team to decide the target allocation of the Fund’s investments and on a day-to-day basis, an individual portfolio trader executes transactions for the Fund consistent with its target allocation. The members of the investment trading team rotate among the various series of the Trust, including the Fund periodically so that no single individual is assigned to a specific Fund for extended periods of time. Mr. Brigandi has been a Portfolio Manager at Rafferty since June 2004. Mr. Brigandi was previously involved in the equity trading training program for Fleet Boston Financial Corporation from August 2002 to April 2004. Mr. Brigandi is a 2002 graduate of Fordham University.

Tony Ng


Start Date

Tenure

Tenure Rank

Sep 30, 2015

5.75

5.8%

Tony Ng is a Portfolio Manager and joined Rafferty Asset Management in April 2006. He was previously a Team Leader in the Trading Assistant Group with Goldman Sachs from 2004 to 2006. Hg was employed with Deutsche Asset Management from 1998 to 2004. Mr. Ng graduated from State University at Buffalo in 1998.

Tenure Analysis

Category Low Category High Category Average Category Mode
2.24 27.51 11.5 2.24