Direxion Changes The Fund Name And Index For Four Of Their ETFs (TYD, TYO, TMF, TMV)
Effective this past Friday, Direxion has changed the index and fund names for four of their ETFs. The funds undergoing change are the Direxion Daily 10-Year Treasury Bull 3X Shares (NYSE:TYD), Direxion Daily 10-Year Treasury Bear 3X Shares (NYSE:TYO), Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE:TMF), and the Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE:TMV).
The changes are as follows:
Direxion Daily 10-Year Treasury Bull 3X Shares (NYSE:TYD):
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| Ticker | Old Fund Name | Old Index |
| TYD | Direxion Daily 10-Year Treasury Bull 3X Shares | 10-Year U.S. Treasury Index; symbol AXTEN |
| New Fund Name | New Index | |
| Direxion Daily 7-10 Year Treasury Bull 3X Shares | NYSE 7-10 Year Treasury Bond Index; symbol AXSVTN |
Fund Objective
The Direxion Daily 7-10 Year Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN). There is no guarantee the fund will meet its stated investment objective.
Target Index
The NYSE 7-10 Year Treasury Bond Index (AXSVTN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot directly invest in an Index.
Direxion Daily 10-Year Treasury Bear 3X Shares (NYSE:TYO)
| Ticker | Old Fund Name | Old Index |
| TYO | Direxion Daily 10-Year Treasury Bear 3X Shares | 10-Year U.S. Treasury Index; symbol AXTEN |
| New Fund Name | New Index | |
| Direxion Daily 7-10 Year Treasury Bear 3X Shares | NYSE 7-10 Year Treasury Bond Index; symbol AXSVTN |
Fund Objective
The Direxion Daily 7-10 Year Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE 7-10 Year Treasury Bond Index (AXSVTN). There is no guarantee the fund will meet its stated investment objective.
Target Index
The NYSE 7-10 Year Treasury Bond Index (AXSVTN) is a multiple-security fixed income index that aims to track the total returns of the intermediate 7 to 10 year maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding. One cannot directly invest in an Index.
Direxion Daily 30-Year Treasury Bull 3X Shares (NYSE:TMF)
| Ticker | Old Fund Name | Old Index |
| TMF | Direxion Daily 30-Year Treasury Bull 3X Shares | 30-Year U.S. Treasury Index; symbol AXTHR |
| New Fund Name | New Index | |
| Direxion Daily 20+ Year Treasury Bull 3X Shares | NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN |
Fund Objective
The Direxion Daily 20 Year Plus Treasury Bull 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the price performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN). There is no guarantee the fund will meet its stated investment objective.
Target Index
The NYSE 20 Year Plus Treasury Bond Index (AXTWEN) is a multiple-security fixed income index that aims to track the total returns of the long-term 20 year and greater maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding.One cannot directly invest in an Index.
Direxion Daily 30-Year Treasury Bear 3X Shares (NYSE:TMV)
| Ticker | Old Fund Name | Old Index |
| TMV | Direxion Daily 30-Year Treasury Bear 3X Shares | 30-Year U.S. Treasury Index; symbol AXTHR |
| New Fund Name | New Index | |
| Direxion Daily 20+ Year Treasury Bear 3X Shares | NYSE 20 Year Plus Treasury Bond Index; symbol AXTWEN |
Fund Objective
The Direxion Daily 20 Year Plus Treasury Bear 3x Shares ETF seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the price performance of the NYSE 20 Year Plus Treasury Bond Index (AXTWEN). There is no guarantee the fund will meet its stated investment objective.
Target Index
The NYSE 20 Year Plus Treasury Bond Index (AXTWEN) is a multiple-security fixed income index that aims to track the total returns of the long-term 20 year and greater maturity range of the U.S. Treasury bond market. The index constituent bonds are weighted by their relative amounts outstanding.One cannot directly invest in an Index.
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