Oklahoma Public Employees Retirement System, Oklahoma City, posted a gross return of 10.9% for the fiscal year ended June 30, according to an investment report prepared by Verus Advisory, the pension fund's investment consultant.
The one-year return edged past the policy benchmark of 10.5%.
The $11.1 billion pension fund also outperformed its policy benchmarks on a three-, five- and 10-year basis, earning gross returns of 6.7%, 6.2% and 7.3%, respectively. The benchmark returns for the respective periods were 6.2%, 6% and 7.1%.
The fund earned a gross return of -14.5% for the fiscal year ended June 30, 2022.
The report did not provide investment returns by asset class.
As of June 30, the actual allocation was 41.8% U.S. equity, 29.6% U.S. fixed income, 28.2% international equity, 0.3% cash and 0.1% real estate. The target allocation is 40% U.S. equity, 32% U.S. fixed income and 28% international equity.
