Ok, please don't laugh. If I want to invest in Double line total return Bond fund all I need to do is buy DBLTX thru my trading account, it's just like buying a stock -right? I can buy and sell it at anytime correct? Ok, last question -would Double line Total return Bond fund performance suffer big time if we had an Interest rate spike?
You may purchase DBLTX through most of your discount brokerage houses. Note that it does not act like a stock where you can work to effect price, the purchase and/or sell price is determined at the close of the date of transaction. On the interest rate side, this fund has a duration last I noted of 1.2 That would suggest a decline in the funds value for each 1 percent increase in interest rate.