TMF ETF · Direxion Daily 20+ Year Treasury Bull 3X Shares ETF - USD

The Direxion Daily 20+ Year Treasury Bull 3X Shares ETF - USD (Exchange Traded Fund) is an advanced instrument designed to provide tangible investment opportunities. It primarily aims to generate daily investment results, before fees and expenses, corresponding to 300% of the daily performance of the ICE U.S. Treasury 20+ Year Bond Index. It must be noted that it does not aim to reflect thrice the return of the ICE U.S. Treasury 20+ Year Bond Index over any period other than one day. Importantly, the ETF largely invests in Index futures contracts and other related financial instruments, including swap agreements, options on securities and indices, money market instruments, U.S. government securities, and repurchase agreements to achieve its investment objective. Furthermore, this ETF magnifies exposure to variations in the underlying index meaning it may consequently provide significant gains or losses depending upon the performance of its benchmark. As a leveraged product, it is principally suited for investors who monitor their portfolios frequently. While seeking to remain diversified by replicating a wide array of treasury bonds that collectively have an outstanding maturity period of over 20 years, this fund requires careful analysis due to its inherent complexities. Its nature calls for investor vigilance regarding factors such as interest rate risk, credit risk, market risk, and liquidity risk.