Direxion Daily 20+ Year Treasury Bull 3X ETF
TMF
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Apr 16, 2009
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust - Direxion Daily 20+ Year Treasury Bull 3X Shares (TMF) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the ICE U.S. Treasury 20+ Year Bond Index, a market value weighted index of publicly issued U.S. Treasury securities with remaining maturities greater than 20 years. The fund, issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, targets sophisticated investors and active traders employing leverage to amplify short-term perspectives on long-duration U.S. Treasury bonds; it features a net expense ratio of 0.91%, excluding certain costs such as acquired fund fees. TMF trades on the NYSE Arca exchange and complements Direxion's broader lineup of leveraged and inverse ETFs, including the paired Direxion Daily 20+ Year Treasury Bear 3X Shares (TMV), which seeks -300% daily performance of the same index. Direxion, founded in 1997 and headquartered at 535 Madison Avenue, 37th Floor, New York, New York, originally as Potomac Funds before adopting its current branding in 2006, operates primarily in the United States with additional offices in Boston, Massachusetts; Alexandria, Virginia; and Hong Kong. The firm specializes in non-traditional exchange-traded funds and mutual funds for decisive investors, offering daily 3X and 2X bull and bear exposure across sectors like equities, fixed income, commodities, and single stocks to navigate rapidly changing markets. In recent developments, Direxion announced a reverse split for TMF on November 6, 2023, alongside a forward split for TMV on August 4, 2023, to maintain share price accessibility amid volatility; the firm also launched an ETF Alert Service in January 2024 for real-time price and volume notifications. Over the past two years, Direxion has expanded its single-stock leveraged and inverse ETF offerings through multiple product launches, including funds tied to Ford (July 2025), Boeing and Exxon Mobil (April 2025), AMD (February 2025), and Berkshire Hathaway and Palantir (December 2024), alongside appointing Mo Sparks as Chief Product Officer in April 2025 and entering a strategic distribution partnership with SS&C ALPS Distributors in September 2024 to enhance fund servicing and reach. In September 2025, Direxion proceeded with closures of two other ETFs, OOTO and CLDL, as part of portfolio optimization.