The Oklahoma Firefighters Pension & Retirement System, Oklahoma City, posted a 7.7% return on investment for the fiscal year ended June 30, Troy Brown, executive director of the fund, said in an email. The pension fund's assumed rate of return was 7.5%.
"We are all very pleased with the fiscal year results," Mr. Brown said.
The system's annualized three-, five and 10-year returns as of June 30 were 11.3%, 8.1% and 10.3%, respectively, according to Mr. Troy.
The results compare with one-, three-, five-, and 10-year returns of 7.1%, 10%, 7.1% and 10.5%, respectively, for its benchmark, which Mr. Troy described as a "proxied blend of the target asset allocation."
The system returned 11.8% in the previous fiscal year.
The fund's target asset allocation is domestic equity (42%), international equity (15%), other equity (5%), domestic fixed (8%), international fixed (7%), other fixed (5%), real estate (10%) and other assets (8%).
Mr. Troy declined to provide results on individual asset categories given the number of private investments within various components of the investment structure. "We think it would be misleading to report segment results," he said in the email.
The pension fund's estimated asset value as of June 30 was $2.8 billion, according to Mr. Troy.