1NVEST ALBI (Non-Tr) index Tracker Fund - Dec 19 - Fund Manager Comment02 Mar 2020
The review of the JSE All Bond Index in the last quarter saw TN20 and E170 being deleted from the index. The fund performed in line with the Index. The R186 Government bond remained the largest bond in the fund and its yield increased from 8.09% (as at end of June) to 8.32%, as at end of September. The modified duration of the bond moved from 5.28 in June to 5.02 in September. The yield of the fund increased from 8.98% to 9.18% over the quarter. The modified duration of the fund decreased from 7.13 to 7.06 over the quarter.