Sentences with phrase «effective duration stands»
The fund's effective duration stands at 2.6 years, making it much less sensitive to changes in the benchmark interest rate but much more responsive to changes in CPI.
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As of August 2015, LTPZ holds seven different TIPS maturing between 2032 and 2045, and the fund's effective maturity is about 26 years, while its effective duration stands at 22 years.