TMV ETF — Holdings & Analysis

The Direxion Daily 20+ Year Treasury Bull & Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S.

0.97% expense ratio, $183M AUM, 10 holdings, inception 2009.

Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) ETF — Price, Holdings & Analysis

ETF Overview

S. Treasury 20+ Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives.

The Direxion Daily 20+ Year Treasury Bull & Bear 3X ETFs seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE U.S. Treasury 20+ Year Bond Index. There is no guarantee the funds will achieve their stated investment objectives. Direxion Daily 20+ Year Treasury Bear 3X ETF provides exposure to the equity market. The portfolio is concentrated with 10 holdings.

Risk Metrics

Direxion Daily 20+ Year Treasury Bear 3X ETF holds only 10 positions, creating elevated concentration risk where poor performance from a few holdings can significantly impact returns. Heavy allocation to Cash & Others (100.0%) means sector-specific downturns could disproportionately affect performance. A beta of -6.88 indicates lower volatility relative to the broader market. The 0.97% expense ratio is above average and will reduce net returns over time.

Expense Ratio

0.97%

How Is the Fund Allocated?

Sector	Weight
Cash & Others	100.0%

Country	Weight
Other	100.0%

Dividend Yield

3.20%

Invesco QQQ Trust, Series 1 (QQQ) — 0.18% expense ratio
State Street Technology Select Sector SPDR ETF (XLK) — 0.08% expense ratio
State Street Energy Select Sector SPDR ETF (XLE) — 0.08% expense ratio
State Street SPDR Dow Jones Industrial Average ETF Trust (DIA) — 0.16% expense ratio
iShares Russell 2000 ETF (IWM) — 0.19% expense ratio
State Street Financial Select Sector SPDR ETF (XLF) — 0.08% expense ratio
iShares MSCI Emerging Markets ETF (EEM) — 0.72% expense ratio
State Street SPDR S&P 500 ETF (SPY) — 0.09% expense ratio

Direxion World Without Waste ETF (WWOW) (Equity) — 0.50% expense ratio
Direxion MSCI Developed Over Emerging Markets ETF (RWDE) (Equity) — 0.53% expense ratio
Direxion Daily AMD Bull 2X ETF (AMUU) (Equity) — 1.16% expense ratio
Direxion Daily Uranium Industry Bull 2X ETF (URAA) (Equity) — 1.46% expense ratio
Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) (Equity) — 1.33% expense ratio
Direxion Daily Industrials Bull 3X ETF (DUSL) (Equity) — 0.98% expense ratio

Risk Metrics

Beta: -6.88

Questions & Answers

What is Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV)?

It holds 10 securities. With $183M in assets under management, it is a funds in its category.

What is the expense ratio for TMV?

Direxion Daily 20+ Year Treasury Bear 3X ETF has an expense ratio of 0.97%, which is considered higher than average for equity ETFs. This means for every $10,000 invested, annual fees would be approximately $97.

Lower expense ratios generally lead to better long-term returns, all else being equal.

How long has TMV been around?

Direxion Daily 20+ Year Treasury Bear 3X ETF was launched in 2009, making it 17 years old. With over a decade of history, it has navigated various market conditions. It is managed by Direxion.

Does TMV pay dividends?

Yes, Direxion Daily 20+ Year Treasury Bear 3X ETF currently offers a dividend yield of approximately 3.20%. This yield is in line with market averages. Dividend distributions are typically paid quarterly, though the amount can vary.

What is the current NAV of TMV?

Direxion Daily 20+ Year Treasury Bear 3X ETF has a net asset value (NAV) of approximately $37.29 per share. The NAV represents the per-share value of the fund's underlying assets minus liabilities.

Market price may differ slightly from NAV due to supply and demand dynamics during trading hours.