Hello Guys,

I am looking at a fund which has a duration of 3, and then the fund shows duration weighted exposure. How do I interpret this exactly? So if the entire par yield curve shifts by 1% the fund will go down by 3%. The 5-10 DWE is 14%, so if the par yield curve in the 5-10 range shirts up by 1% the loss will be 14% * 3%= 0.42% ???

https://www.pimco.com.sg/handlers/displaydocument.ashx?c=G7112M419&wd=Fu...