Source: In a rising interest rate world, ... own bonds or bond funds?, by Gail Bebee, 2013 Jul 2
Managing a bond portfolio takes work and is not feasible for smaller accounts. Consequently, many investors buy bond mutual funds or bond exchange-traded funds. These funds pay regular distributions.  When interest rates rise, fund net asset values fall to reflect the current value of the bond holdings.  Investors may never recover these losses because there is no maturity date when the holder is paid the bond’s face value.
Question 1:  is true exactly due to the inverse between bond prices and interest rates, right?
Question 2: Please explain ? Does it refer to bonds? If so, how can a bond lack a maturity ?