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About Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF tracks the value of 1 share of the Direxion Daily 20+ Year Treasury Bull 3X ETF. The ETF seeks daily investment results of three times the performance of the ICE U.S. Treasury 20+ Year Bond Index. Because it resets every day, its returns compound over time and TMF can lose value — even when long-term Treasury prices rise — if held for longer than a single trading day.
TMF aggregates listings across every venue CoinBeaver tracks. Prices blend synthetic perpetual markets and do not represent ownership of the underlying shares, ETFs, commodities, or cash instruments. Educational market data only — not investment advice.
Sector tags: Rates & Credit.
Frequently Asked Questions
- What is TMF?
- TMF tracks the value of 1 share of the Direxion Daily 20+ Year Treasury Bull 3X ETF. The ETF seeks daily investment results of three times the performance of the ICE U.S. Treasury 20+ Year Bond Index.
- Does trading TMF give me any of the rights of owning shares in the underlying ETF?
- No. TMF is a synthetic perpetual with no delivery mechanism or arbitrage bridge to the underlying ETF's shares. It gives price exposure only — there are no shareholder rights, no dividends, no voting rights, and no claim on the underlying fund.
- Where is TMF listed, and in what currency does TMF trade?
- TMF is listed on NYSE Arca, and its shares trade in U.S. dollars. TMF's price already reflects that U.S. dollars, with no currency conversion involved.
- Why can TMF lose value even when long-term Treasury prices are rising?
- TMF seeks three times the daily move of the ICE U.S. Treasury 20+ Year Bond Index, and that target resets every trading day. Because returns compound through the daily reset, the fund's outcome is path-dependent beyond a single day: in volatile or flat markets, TMF can lose value even when the index rises over the same period.
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