The review of the JSE CILI Government Bond Index (IGOV) in the last quarter saw no additions or deletions from the index. The fund performed in line with the Index. The R197 Government bond remained the largest bond in the fund and its yield increased from 2.81% as at end of June to 2.85% as at end of September. The modified duration of the bond decreased from 3.96 as at end of June to 3.71 as at end of September. The yield of the fund increased from 3.12% to 3.31% over the quarter. The modified duration of the fund decreased from 9.99 to 9.80 over the quarter