Of commingled fixed-income funds tracked by PIPER, the median...

Of commingled fixed-income funds tracked by PIPER, the median limited-duration fund had the best return for the quarter, at 0.7%, and the median long-duration fund came in last, down 2%, compared with the Salomon Smith Barney broad investment grade bond index, which returned -0.5%. For the year ended March 31, the median limited-duration fixed-income fund returned 6.4%; the median commingled long-duration bond fund, 7.1%; and the SSB index, 6.5%.