Partner organizations are essential to expand access and to leverage technical and financial resources, but they often have different project and funding durations from the scale-up program.
In recent months, some managers have shortened their funds' duration to reduce their interest rate sensitivity.
His Pimco Total Return Funds duration is 4.7 years, which means that it is as rate-sensitive as a 4.7-year zero coupon bond.
With limited funding and duration, the program needs to be able to efficiently protect the most natural resources for a fixed cost, a situation well suited to a systematic reserve design approach.
Like any investment, he says, knowing the ins and outs--the kinds of funding, the duration, and the requirements--is the best way to insure the best return on your investment.
Otherwise, there was no significant difference between projects for which questionnaires were returned and not returned in terms of the funding award, duration of project, or the type of administering institution (Table 2).
Fidelity and other fund companies list a given bond fund's duration on their Web sites.
Because interest rates next year are likely to be on an upward trend, Ms. Beyer said, she is keeping the fund's duration relatively short.
The fund's duration, a measure of interest-rate sensitivity, is 4.5 years, mirroring the Salomon Smith Barney High Yield Market index, he said, "so it has junk bonds' typical sensitivity to interest rates".
