Direxion Daily 20+ Year Treasury Bull 3X Shares
U.S. stock index ETF
As of its 2026 Q2 report, Direxion Daily 20+ Year Treasury Bull 3X Shares held 8 positions with $2.71B in net assets. Its ten largest holdings made up 105.6% of the fund. The TMF share class costs 0.91% a year. Over the 12 months to May 2026, TMF lost 2.9%, with dividends reinvested. In 2026 Q3 it added 1 new positions and exited 1.
The Fund seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day.
The fund seeks daily investment results of 300% of the daily performance of an index of U.S. Treasury securities with remaining maturity greater than 20 years, using swap agreements, futures, and related derivatives to achieve 3X daily leveraged exposure. Because the fund rebalances daily to maintain its leverage multiple, its returns over periods longer than a single day will not equal 300% of the index's return over those same periods. The fund is non-diversified, meaning a relatively high percentage of its assets may be invested in a limited number of issuers.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
ISHARES LEHMAN 20+ YEARS TREASURY BOND F | 67.31% | $1.82B | 21.3M | $85.62 |
DREYFUS GOVERNMENT CASH MANAGE | 16.26% | $440.37M | — | — |
DREYFUS | 9.37% | $253.72M | — | — |
N/A | 7.75% | $210.00M | — | — |
GOLDMAN FINANCIAL | 3.78% | $102.50M | — | — |
GOLDMAN SACHS LIQ ES FD A | 1.14% | $30.97M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 8 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 67.31% |
| Cash & short-term | 38.30% |
| Derivatives | -6.53% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
How it has done
TMF share class · total returns with dividends reinvested
Volatility over the last 12 months: 25.80%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
Direxion Daily 20+ Year Treasury Bull 3X Shares is a U.S. equity index ETF.
- Asset class
- Equity
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Features
- Leveraged · Non-diversified
- Expense ratio, by class
- 0.91%· TMF 0.91%
- Portfolio turnover
- 172.00% a year · as of 2025 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
1 exited
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