Oklahoma Law Enforcement Retirement System, Oklahoma City, posted a preliminary net return of 6.6% for the fiscal year ended June 30, according to an investment report posted on the pension fund's website.
The investment return fell short of the policy benchmark of 8.9%.
The $1.1 billion pension fund also missed its benchmark on a three-, five- and 10-year basis, earning an annualized net of 7.2%, 5.6% and 6.9%, respectively. The benchmark returns for the respective periods were 7.7%, 6.8% and 7.5%.
The pension fund returned a net -10.1% for the fiscal year ended June 30, 2022.