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Wednesday, October 7, 2026The Morning Brief →Sign in
TMFDIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARESINDEX

DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES

$25.36+0.67% vs prior close
254452-WK

Price through Oct 6, 2026 · Flows through Oct 5, 2026. Figures use the latest available records, not a live quote. Fund details retrieved Oct 6, 2026. Holdings snapshot retrieved Oct 6, 2026.

Price & daily flows
34.431.127.725.36DAILY NET FLOWApr 6Jun 4Aug 5Oct 6

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 6M SHOWN · NET −$133M OVER THIS RANGE

The desk’s read

Money keeps arriving — +$304M of net inflows over the past month, about 14.8% of the fund's asset base, while the price has returned -32.0% so far this year.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$2Bassets under management
—expense ratio
+$304Mnet flow, trailing month
9.2Mavg daily volume, 30 days
2holdings · US-domiciled
2023listed October 14, 2023 · beta 0.56
Sector weights
Other78.82%
Cash & Others78.69%
ETF75.2%
Cash24.8%
Financial Services21.31%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
Other79.56%
United States20.44%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.2%
1 month-17.9%
3 months-26.7%
6 months-30.6%
YTD-32.0%
1 year-36.0%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week+$152M
1 month+$304M
3 months+$484M
YTD−$1B
1 year−$1.4B

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
NovDecJanFebMarAprMayJunJulAugSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
31%realized volatility, 30 days (annualized)
28%realized volatility, 1 year
-42.9%deepest fall from a peak, 1 year
-42.5%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
9Kcalls · latest snapshot
4Kputs · latest snapshot
0.41put/call ratio
6.2Mshares traded
The case against TMF

Due diligence cuts both ways. These funds sit on the same shelf and beat TMF on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
SGOV iShares 0-3 Month Treasury Bond ETF0.07%$113.5B+$6.2B55× the assets · +$6.2B in over the monthHead-to-head
BIL State Street SPDR Bloomberg 1-3 Month T-Bill ETF0.14%$50.8B+$1.2B25× the assets · +$1.2B in over the monthHead-to-head
TLT iShares 20+ Year Treasury Bond ETF0.15%$47.2B+$3.1B23× the assets · +$3.1B in over the monthHead-to-head
SHY iShares 1-3 Year Treasury Bond ETF0.15%$26.6B+$1.1B13× the assets · +$1.1B in over the monthHead-to-head
SHV iShares Short Treasury Bond ETF0.15%$23.5B+$586M11× the assets · +$586M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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