TMF seeks three times the daily performance of an index tracking U.S. Treasury bonds with over 20 years remaining.

TMF is a leveraged fixed-income ETF from Direxion, launched on April 16, 2009. It seeks investment results, before fees and expenses, equal to three times the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. The benchmark tracks eligible U.S. Treasury securities with more than 20 years remaining to maturity. The fund uses financial instruments, including derivatives, to obtain its leveraged exposure. Its investment objective applies to a single trading day; returns over longer periods can differ substantially from three times the benchmark’s cumulative return