The higher a bond or bond fund's duration, the more sensitive the bond or bond fund to changes in interest rates.
Bond mutual funds are similar to stock mutual funds in that you pool your money with other investors' money, and a professional makes investments from that pool of money based on what they believe to be the best opportunities.
Bond funds often hold a variety of distinct bonds with varying maturities, so if an issuer defaults on interest or principal payments, the effect on the performance of any one bond is mitigated. Broad market bond funds, for example, provide exposure to corporate, U.S. government, government agency, and mortgage-backed bonds while also diversifying across different bond sectors.
To learn more about bonds refer here:
https://brainly.com/question/18485452
#SPJ4