Key stats
About Direxion Daily 10-Yr Treasury Bear 3x Shrs
Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
1.07%
Inception date
Apr 16, 2009
Index tracked
ICE BofA US Treasury (7-10 Y)
Management style
Passive
ISIN
US25459W5572
TYO provides daily inverse leveraged -3x exposure to the ICE U.S. Treasury 7-10 Year Bond Index. The index is designed to rise when yields rise, making TYO a highly leveraged bet on rising yields. The fund delivers its -3x daily resetting exposure to T-Notes with 7 to 10 years left to maturity, but don`t expect the headline leverage exposure to remain the same if holding for more than one day. Management fees are of less concern, as a tactical tool, investors should pay extra attention to TYO's trading characteristics to determine if it has enough liquidity to support same-day entry and exit. Prior to May 2, 2016, TYO tracked the NYSE 7-10 Year Treasury Bond Index. The change is not expected to have a material impact on exposure or performance.
Classification
Asset Class
Fixed income
Category
Government, treasury
Focus
Investment grade
Niche
Intermediate
Strategy
Vanilla
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
