2 ms·
bond funds have principal risk. If you buy an individual bond and hold the duration, you don't care about rate changes, you just sell and don't buy again.
by citizen_friend 4y ago
bond funds have principal risk. If you buy an individual bond and hold the duration, you don't care about rate changes, you just sell and don't buy again.
- adam_arthur 4y agoThis fund owns 3 month or less T-Bills. There's zero credit risk and effectively zero duration risk. It's an automated Bond ladder of US T-Bills. Though you can save 0.05% in management fees by laddering them yourself