Leveraged and Inverse ETFs

Direxion Daily 20+ Year Treasury Bear 1x Shares

The Daily 20+ Year Treasury Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the NYSE 20+ Year Treasury Bond Index. There is no guarantee the fund will meet its stated investment objective.

  • Tickers:

     TYBS

  • CUSIP:

     25459Y405

  • Objective:

     The Daily 20+ Year Treasury Bear 1X Shares seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the performance of the NYSE 20+ Year Treasury Bond Index. There is no guarantee the fund will meet its stated investment objective.
Symbol Fund Index/Benchmark Daily/Monthly Target Bloomberg Index Symbol
Long Term Investment
ETFs
Mutual Funds
Short Term TradingAre Direxion Shares ETFs for you?
ETFs
TYBS Daily 20+ Year Treasury Bear 1x Shares NYSE 20 Year Plus Treasury Bond Index -100% AXTWEN
Mutual Funds
Monthly
Quarterly (standardized)

    All Data as of 5/31/2013

    All Data as of 3/31/2013

Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TYBS Daily 20+ Year Treasury Bear 1x Shares NAV 6.84 2.05 3.88 5.50 - - - -15.27 3/23/2011 2.58 / 0.65
Market
Close		 7.84 2.99 6.38 7.43 - - - -14.83 3/23/2011 2.58 / 0.65
Mutual Funds
Symbol Fund 1 Month
(%)		 3 Month
(%)		 YTD
(%)		 1 Year
(%)		 3 Year
(%)		 5 Year
(%)		 10 Year
(%)		 Since
Inception		 Inception
Date		 Expense Ratio *
(Gross/Net %)
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TYBS Daily 20+ Year Treasury Bear 1x Shares NAV -0.04 1.76 3.88 -10.10 - - - -17.27 3/23/2011 2.58 / 0.65
Market
Close		 -0.37 2.91 6.38 -9.02 - - - -17.31 3/23/2011 2.58 / 0.65
Mutual Funds
Symbol Fund NAV
(6/18/2013)		 NAV
Change
($)		 NAV
Change
(%)		 Market Price Closing
(6/18/2013)		 Market Price Closing Change
($)		 Market Price Closing Change
(%)		 Premium/
Discount
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
TYBS Daily 20+ Year Treasury Bear 1x Shares 27.99 $-0.02 -0.06% 27.96 $-0.08 -0.29% -0.03
Mutual Funds

The performance data quoted represents past performance; past performance does not guarantee future results; the investment return and principal value of an investment will fluctuate; an investor's shares, when redeemed, may be worth more or less than their original cost; current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized.

Short-term performance, in particular, is not a good indication of the fund's future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund's prospectus.

Shares of DirexionShares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods shown. Absent these waivers, results would have been less favorable.

Symbol Fund Record Date Ex-Date Pay Date Income Dividend Short Term Capital Gain Long Term Capital Gain
Long Term Investment
ETFs
Mutual Funds
Short Term Trading
ETFs
Mutual Funds
Symbol Fund Index/Benchmark Monthly Target Estimated Current
Exposure Level *
Domestic
DXSLX Monthly S&P 500® Bull 2x Fund S&P 500® 200% 197%
DXSSX Monthly S&P 500® Bear 2x Fund S&P 500® -200% -208%
DXQLX Monthly NASDAQ 100® Bull 2x Fund NASDAQ 100® 200% 199%
DXRLX Monthly Small Cap Bull 2x Fund Russell 2000® 200% 197%
DXRSX Monthly Small Cap Bear 2x Fund Russell 2000® -200% -210%
International
DXZLX Monthly Latin America Bull 2x Fund S&P® Latin America 40 200% 214%
DXHLX Monthly China Bull 2x Fund FTSE/Xinhua China 25 Index 200% 209%
DXELX Monthly Emerging Markets Bull 2x Fund MSCI Emerging Markets Index SM 200% 207%
Fixed Income
DXKLX Monthly 7-10 Year Treasury Bull 2x Fund NYSE 7-10 Year Treasury Bond Index 200% 201%
DXKSX Monthly 7-10 Year Treasury Bear 2x Fund NYSE 7-10 Year Treasury Bond Index -200% -198%
Commodity
DXCLX Monthly Commodity Bull 2x Fund Morgan Stanley® Commodity Related Index 200% 210%
Currency
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Overview

Key Benefits

TYBS, a non-leveraged inverse ETF is a trading tool that allow investors to either seek profit, or seek to apply a hedge, for an existing U.S. Treasuries position that they anticipate will experience negative returns, in the short-term.

  • The fund allows investors a tactical trading alternative to selling out of an existing position and creating a taxable event.
  • Since they don’t employ leverage, compounding is less magnified compared to leveraged inverse ETFs.

Target Index

Target Index

The NYSE 20+ Year Treasury Bond Index (AXTWEN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 20 plus year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot invest directly in an index.

 

 Index Credit Ratings
Aaa 100.0%
A 0.0%
Baa 0.0%
Aa 0.0%

The credit ratings are published rankings based on detailed financial analysis by a credit bureau, specifically as it relates to the bond issuers ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB are considered investment grade. 

Index Bond Maturities
20 to 24 Years 5.28%
24 to 27 Years 32.56%
27 to 30 Years 62.91%

 

Index Duration
17.39 Years

Data as of 03/31/2013 is subject to change at any time.

The credit ratings are published rankings based on detailed financial analyses by a credit bureau, specifically as it relates to the bond issuer’s ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB and above are considered investment grade.

Fund Literature

Download fund literature and regulatory documents

Related Materials

Daily Holdings

Daily Holdings
Click to view the Daily Holdings (csv)