That compares to a 10.48 percent return for all world income funds, said Lipper Analytical Services, which tracks mutual funds.
His report, since published elsewhere, attempted to track funds going directly to schools for instruction.
This year, international stock fund managers have beaten their domestic counterparts by four full percentage points, according to Lipper Analytical Services, which tracks mutual funds.
Longer-term government bond funds have an average duration of 8.8 years, according to Morningstar, which tracks mutual funds.
It tracks funds based on price volatility, risk-adjusted returns and how they perform in rising and falling markets.
This year, for instance, Lipper Inc., which tracks mutual funds, expanded from 8 to 14 the number of categories it uses to classify funds.
My father had started tracking their investments and mutual funds in 1985.
In the second quarter, though, only about $1 of every $4 did, according to AMG Data Services, which tracks mutual funds.
In a country where millionaires and billionaires abound, it is extremely difficult to track funds.
Graph tracks the following large, small, and madcap funds: growth, blended, and value.