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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.
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.