# what is duration weighted exposure

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=Fund%20Fact%20Sheet&fn=Income%20Fund%20IE00B7KFL990-IE00B8K7V925-SG.pdf&id=MvNbIJ0eE3URYrE3%2FkDFVvfOY8LerGVa4A75zloxZBSPmN1pHMeoBAKNPLnyIBF27TcTWqA1LaPYT9c%2Ff0Hk2n1O3KiGqL80fBPaumRZ0yXfSdefYVW3BBKghIQEF9yHZFauj5yD3A5vi1YqhJB%2Bk%2FrasI7hO6trUX5bI%2F6liaTTjcjH7qZmfH%2F2ImfeeJ9pxwoflFCkfQDkDJE1So%2Bb3kC5YPPwZ0wn6pWjJt9mrhN6ay5vkR4JJetm8Sp3FTrvfwjVpnOqhXEJtVAY9bKWpFGSdlZxvJT5WTWbIRY0qwxgrP4O0E%2Bb634qMe0vO5EeoQyLqrYmBmvldVm0FVUcfX20n6xZJ5LsaA0lDXqdO7%2F0qNuEbRynUpFui%2Bese3n5HHzh6pgghdYVIXoub0EiDNQP9e%2FhRtaPAFjBUDJ58hcwnofiedGnAvVsYOvuAA%2FCGHq6MJFKgb%2FMj1lUe5atg%2B6mZVlFm8TrT11j9ia7jnA%3D