Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF)
| Assets | $4.96B |
| Expense Ratio | 0.91% |
| PE Ratio | n/a |
| Shares Out | 127.85M |
| Dividend (ttm) | $1.61 |
| Dividend Yield | 4.24% |
| Ex-Dividend Date | Jun 24, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | n/a |
| Volume | 9,278,355 |
| Open | 38.13 |
| Previous Close | 38.72 |
| Day's Range | 37.76 - 38.33 |
| 52-Week Low | 33.51 |
| 52-Week High | 64.98 |
| Beta | 1.42 |
| Holdings | 15 |
| Inception Date | Apr 16, 2009 |
About TMF
Fund Home PageThe Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) is an exchange-traded fund that is based on the US Treasury 20+ Year index. The fund provides 3x daily exposure to a market-value-weighted index of US Treasury Bonds with over 20 years to maturity. TMF was launched on Apr 16, 2009 and is issued by Direxion.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.36167 | Jul 1, 2025 |
| Mar 25, 2025 | $0.28788 | Apr 1, 2025 |
| Dec 23, 2024 | $0.5243 | Dec 31, 2024 |
| Sep 24, 2024 | $0.43507 | Oct 1, 2024 |
| Jun 25, 2024 | $0.43495 | Jul 2, 2024 |
| Mar 19, 2024 | $0.31979 | Mar 26, 2024 |
Performance
TMF had a total return of -16.20% in the past year, including dividends. Since the fund's inception, the average annual return has been -6.08%.
News
TMF: Not Favorable In Fat-Tailed Conflict Environment
TMF is correlated with shorter-duration ETFs, meaning that it's affected by what's happening to oil prices, inflation outlook and conflict in the Middle East. Long-term risks include concerns over the...
TMF: No Silver Lining
President Trump's tariff policy risks triggering a severe recession or depression, with potential global economic fallout and retaliatory actions from trading partners. The tariffs are essentially a m...
My Favorite Strategy To Trade Long-Term Treasury Bonds
The strategy uses signals to go long and short on bonds via TMF and TBT. By comparing the 30-day performance of SPY and DJP, the strategy determines positions in TBT or TMF based on inflation and asse...
TMF: Levered Bet On Duration
Direxion Daily 20+ Year Treasury Bull 3X Shares ETF offers 3x leveraged returns on long-term treasury bonds, making it highly sensitive to interest rate changes. Investor sentiment may be becoming too...
TMF: Not Suited For The Long Term, But Ideal For A Trading Strategy
TMF, with its 3x leverage, is the most volatile and performs best for short-term trades, despite its risks over long-term holding. The recent yield curve shifts and increased volatility could present ...
Buying TMF On The Sell The News Rate Cut Event
The Federal Reserve's 50 basis point rate cut led to a sell-off in Treasuries, creating a short-term buying opportunity for investors. TMF offers 3x leveraged exposure to long-term Treasuries, which s...
Undercovered ETFs You Should Know About: 12 Analysts' Picks From August-September 2024
The 'Undercovered' Dozen ETF edition highlights less covered ETFs, focusing on seven in-depth analyses and five brief mentions, from articles published between August 15th and September 16th. The Inve...
Rates Spark: ECB Presser Bear-Flattened The Curve
The ECB cut rates by 25bp as widely anticipated, but a slightly hawkish tilt bear flattened the EUR curve, which in our view remains priced aggressively. In the US, as the markets head towards the Fed...
TMF's Leveraged Exposure To Long-Term Treasuries Will Benefit From Rate Cuts
Recent market conditions have sparked interest in long-term Treasury bonds due to probable rate cuts by the Federal Reserve. Treasuries provide steady income, a hedge against stock market drops, and o...
TLT And TMF: A Timely Tandem For The Bond Market
Long-term treasuries are attractive due to structural economic challenges and signs of inflation relief. Recent negative macro surprises have added fuel to the bull case, while the technical picture h...
TMF: Leveraging A Potential Break-Out
The Direxion Daily 20+ Year Treasury Bull 3X Shares ETF offers 3x leverage on a portfolio of 20-year bonds. TMF is attractive due to the potential for a rebound in bonds and a developing breakout on t...
Avoid TMF For Now Amid Ranging And Volatile Interest Rates
Interest rate volatility remains high, impacting Treasury yields and creating daily fluctuations in the long bond market. The conditions favor avoiding leveraged Treasury funds, such as the Direxion D...
Estimating The Impact Of Lower Rates On Bond Fund Dividends
It generally takes a few years for changes in Federal Reserve rates to fully impact bond fund dividends. Bond funds are still benefitting from prior rate hikes. Perhaps by enough to cancel out any fut...
JD Henning Cautious About 2024, An Unusual Year For Market Considerations
JD Henning discusses his approach to the market and emphasizes the importance of timing and using momentum gauges to avoid major market downturns. Investing vs trading portfolios.
TMF: A Useful Capital Allocation Tool For Long Bonds
TMF is a leveraged ETF seeking 300% of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index, providing investors with amplified exposure to long-term rates. TMF can be used as an efficie...
TMF And TMV: Not As Attractive As Other Double-Short Pairs Trades
Pairing Direxion Daily's 20+ Year Treasury Bull 3X Shares ETF with their 20+ Year Treasury Bear 3X Shares ETF produces a low volatility couple. Shorting both leveraged ETFs is attractive because they ...
TMF: The Mother Of All Short Squeezes In Treasuries Is Coming
A credit event appears likely and the flight-to-safety trade in Treasuries should intensify. Direxion Daily 20+ Year Treasury Bull 3X Shares ETF is a leveraged bet on long-term Treasury bonds. The TMF...
July Breakout ETF/ETNs Week 29 - 2023: Strongest Momentum Gainers For Next Week
This article highlights current and future ETF/ETN breakouts for Week 29 using the MDA momentum cycle model. Following the positive Momentum Gauge signal on June 1st, leading funds include NAIL +67.1%...
TMF: Eyeing A Contrarian Play On Lower Long-Term Rates
Economic resiliency has been impressive recently, helping to send long-term rates higher. I see a bit too much froth, however, and seasonal trends along with technical support on 30-year Treasury futu...
TMF Not Worth Suffering Through, I'm Out For Now
Warning: TMF is only suitable for experienced and advanced traders with a short time horizon. It is not appropriate for all investors or for extended holding periods. Bond yields swung higher the last...