The overall PIPER median commingled bond fund bested the index for the quarter and year ended June 30, returning -0.7% and 3.5%, respectively. The top-performing bond group was limited duration, where the median fund returned 0.6% for the quarter and 5.2% for the year. In comparison, the Salomon Smith Barney Broad Investment Grade Bond index returned -0.9% and 3.1%, respectively. The median broad market fixed-income fund matched the index for both periods.
The overall PIPER median commingled bond fund bested the index for the...
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