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The way the bond fund I'm referring to behaves, it is more like a short fund and maybe that is how it should be viewed.

If you are looking at an intermediate fund, it will behave like an intermediate fund. That means it will gain or lose less than a long fund and more than a short term fund as relevant interest rates change.

If you want to play the market, you will get the biggest gain playing a long fund, not an intermediate fund. But you are also taking more of a chance if you guess wrong.
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