Oklahoma Teachers’ Retirement System, Oklahoma City, returned a preliminary 3% net of fees for the fiscal year ended June 30, surpassing its 2.6% custom benchmark return, said documents on the pension fund’s website.
The top-performing asset class was active duration fixed income, which returned 8.5%, followed by total domestic equity at 6.5%; high-yield bonds, 0.7%; core bonds, 0.6%; and master limited partnerships, -9.4%.
Real estate and private equity returns were not provided.
For the three-, five- and 10-year periods ended June 30, the pension fund returned an annualized 13.9%, 13% and 7.9%, respectively.
As of June 30, OTRS had an actual asset allocation of 45.7% domestic equity, 16.2% international equity, 12.8% core bonds, 7.6% MLPs, 5.5% high-yield bonds, 4.7% core real estate, 3.7% private equity, 2.2% active duration fixed-income, 1.1% opportunistic fixed income and the rest in non-core real estate.