Oklahoma Firefighters tallies 4% annual return

The Oklahoma Firefighters Pension & Retirement System, Oklahoma City, posted a net return of 4% for the fiscal year ended June 30, according to Troy Brown, executive director at AndCo Consulting, the pension fund's investment consultant.

The one-year return fell short of the policy benchmark of 4.7%, Mr. Brown said.

For the three, five and 10 years ended June 30, the $2.9 billion pension fund returned an annualized net 7.8%, 7.7% and 9.7%, respectively, compared with the three-, five- and 10-year respective benchmarks of 7.3%, 7.4% and 9.8%.

The fund returned a net 7.7% for the fiscal year ended June 30, 2019.

Domestic bonds were the fund's top performers, earning 8.6% for the current fiscal year, followed by international equities, domestic equities and real estate, which returned 7.9%, 5.8% and 2.7%, respectively.

As of June 30, the actual allocation was 48.4% domestic equities; 15.2% international equities; 11% real estate; 8.6% domestic fixed income; 6.4% international fixed income; 5.8% other fixed income; 3.8% other assets; and 0.6% other equities.

The target allocation is 48% domestic equities; 15% international equities; 11% domestic fixed income; 10% real estate; 7% international fixed income; 5% other fixed income; and 4% other assets.