I understand the value of typical bonds are inversely linked to interest rates - the bond value drops as rates rise.

I'm wondering if this particular fund works the same way or would it rise with interest rates?

E.g. as new money enters the fund it regularly resets/refreshes by averaging into new bonds at higher rates. I think it also holds some inflation linked bonds that reset...

Or is it more 'locked in' than this so that any interest rate rise would lower the value of the fund?

It's price history doesn't go back far enough to see how it performs in different interest rate environments.