Oklahoma Public Employees Retirement System, Oklahoma City, returned a net 12.65% for the fiscal year ended June 30, slightly below its policy benchmark of 12.79%, said Joseph A. Fox, executive director, in an email.
The $9.2 billion pension fund's domestic equity portfolio returned 19.41%; international equity, 19.15%; and fixed income, -0.64%.
As of June 30, the asset allocation was 40.81% U.S. equity, 31.29% fixed income, 27.54% international equity, and the remainder in cash.
For the three, five and 10 years ended June 30, the pension fund returned an annualized 5.18%, 8.95% and 5.76%, respectively, vs. its policy benchmarks of 5.32%, 8.74% and 5.58% in each of those periods.