Ohio State Teachers' Retirement System, Columbus, returned 0.92% in the fiscal year ended June 30, 25 basis points above its benchmark, said Nick Treneff, pension fund spokesman, in an e-mail.
The $69.9 billion pension fund's best-performing asset class was real estate, which returned 13.47%, 88 basis points above its benchmark. Fixed income returned 5.62%, 20 basis points above that benchmark; alternative investments returned 1.6%, 54 basis points below its benchmark; domestic equity returned 0.41%, 173 basis points below its benchmark; and international equities returned -7.11%, 274 basis points above its benchmark.
The pension fund's three-, five-, and 10-year annualized returns as of June 30 were 7.53%, 7.66% and 6.06%, respectively.
The actual allocation as of June 30 was 31.2% domestic equities, 26.3% international equities, 15% fixed income, 14.1% alternative investments, 11.7% real estate, and 1.7% liquidity reserves.
Targets are 31% domestic equities, 26% international equities, 18% fixed income, 14% alternative investments, 10% real estate and 1% liquidity reserves.