The Direxion DIREXION DAILY 20+ YEAR TREASURY BULL 3X SHARES (TMF) is an exchange-traded fund (ETF) that tracks the performance of the ICE U.S. Treasury 20+ Year Bond Index. The fund is managed by Direxion and was launched in 2009.

The ICE U.S. Treasury 20+ Year Bond Index is a market-value-weighted index that measures the performance of U.S. dollar-denominated, fixed-rate U.S. Treasury bonds with remaining maturities of 20 years or more. It includes both on-the-run and off-the-run Treasury securities and serves as the standard benchmark for long-duration government bond exposure.

TMF is a passively managed index ETF that seeks to replicate the holdings and performance of its benchmark with low tracking error. It is suitable for investors seeking broad, low-cost market exposure.