LMTL ETF — Direxion Daily LMT Bull 2X ETF

Direxion Daily LMT Bull 2X ETF (LMTL)

LMTL is an ETF that tracks the Lockheed Martin (LMT). As of August 19, 2026, its distribution rate is 2.16%, its trailing-12-month yield is 3.21%, its expense ratio is 1.07%. Dividend Vision Distribution Safety Score™ is 40/100 (Caution). Fund total return is 71.4% over the past year, 28.9 points ahead of LMT at 42.5%.

At the current 2.16% distribution rate, a $10,000 investment would generate approximately $216 per year, or $18.00 per month on an equivalent basis. Actual quarterly payments vary.

Direxion Daily LMT Bull 2X ETF is a leveraged ETF that seeks to deliver twice the daily performance of Lockheed Martin stock through a combination of LMT securities, swaps, and options; it is non-diversified and carries a 1.07% expense ratio. The fund distributes quarterly at a modest current distribution rate. This ETF appeals to tactical traders seeking short-term leveraged equity exposure rather than long-term buy-and-hold investors, as the 2X daily leverage resets each day and can produce returns that diverge significantly from twice the longer-term performance of the underlying stock.

LMTL performance versus LMT

Data as of August 19, 2026.

Fund total return is 71.4% over the past year, 28.9 points ahead of LMT at 42.5%. Its deepest 1-year drawdown was 49.5%.

LMTL key facts

Data as of August 19, 2026.

Distribution Safety Score™

40 · Caution

Issuer

Direxion

Asset type

ETF

Asset class

Equity

Inception date

08/05/2025

Expense ratio

1.07%

Distribution rate

2.16%

Distribution frequency

Quarterly

Trailing yield

3.21%

Last close

$42.23

AUM

$7,371,283

Average volume

21800.0

Last dividend

$0.2280

Ex-dividend date

06/23/2026

Payment date

06/30/2026

P/E ratio

34.0845

How Dividend Vision calculates yield and returns

Distribution rate (2.16%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.21%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Direxion; Index: Lockheed Martin (LMT); prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

LMTL risks and drawbacks

LMTL's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 49.5%.

Who may consider LMTL — and who may not

LMTL may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (LMTL pays quarterly); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Direxion.