Also, limited duration fixed-income portfolios outperformed the index for the quarter ended March 31, while long duration and broad market portfolios outperformed for the year, the PIPER report shows.
The median limited duration portfolio returned 0.4% for the quarter; the Salomon Broad Bond Index returned -1.74%. For the year, the median limited duration portfolio returned 8%; the index, 10.9%.
The median long duration bond portfolio gained 15% for the year, but lost 4.3% for the quarter. The median broad market bond portfolio returned 11.1% for the year, and lost 1.9% for the quarter.