Skip to content
Beacon

TMFDirexion Daily 20+ Year Treasury Bull 3X Shares

Take a bet17y track recordRanked #26 of 949 in this goal

Seeks daily investment results of 300% of the daily performance of the Index.

By Direxion Funds · Launched 2009

Annual Cost

0.90%

#4,717 of 5,854 · expensive

Fund Size

$2.3B

#701 of 5,854 · large

Return (1Y)Goal

-14.6%

Track Record

17 years

#652 of 5,854 · established

Performance

Total-return NAV · USD
Growth of $10,000
$6,928-30.7%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Leveraged

Index tracked

ICE US Treasury 20+ Year Bond Index

What it actually holds

By weight

Concentration

synthetic exposure — holdings shown are derivatives collateral, not the fund's positions

ISHARES LEHMAN 20+ YEARS TREASURY BOND F
67.3%
DREYFUS GOVERNMENT CASH MANAGE
16.3%
DREYFUS
9.4%
N/A
7.8%
GOLDMAN FINANCIAL
3.8%
GOLDMAN SACHS LIQ ES FD A
1.1%
N/A
-0.5%
N/A
-0.5%
N/A
-0.8%
N/A
-0.8%

Asset allocation

Bonds
65.3%
Cash
37.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
27.4%High

Year-on-year price swings

Max drawdown
-93.0%Severe

Worst peak-to-trough loss

Sharpe (3Y)
-0.52Below average
Sortino (3Y)
-0.70Moderate downside risk

Bond profile

Duration

3.5 years

Avg maturity

8.0 years

Credit ratings

US Government
65.3%
AA
100.0%

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the Index.
Strategy
Invests at least 80% of net assets in U.S. Treasury securities with maturities over 20 years and financial instruments providing 3X daily leveraged exposure to the Index. Utilizes swap and futures agreements to achieve its investment objective, with daily rebalancing to maintain exposure.
Inception date
April 16, 2009
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Your return drifts the longer you hold

Leverage amplifies the index's daily move, by 2x or 3x. The fund resets every day, so over weeks and months your real return drifts from that multiple. It can run ahead in a smooth climb and bleed in a choppy one. Hold one for months and you own a different bet than the label suggests.

Sources: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

What's next?

You've looked at TMF. Save it to your watchlist to weigh it against other funds, then turn your shortlist into a portfolio.

See other funds for this goal

Data updated on 2026-08-03