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Oklahoma State
Pension Commission
Fee Analysis for Calendar Year 2010
June 8, 2011
Allan Martin, Managing Partner
Don Stracke, CFA, Senior Consultant
Anthony Ferrara, Senior Analyst
Fee Comparison from 2009 to 2010 – Periods Ending Dec. 31
2009 FEES
2010 FEES
Asset Growth
& Fee Growth
TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL
12/31/09 Asset Market Value
($ in 000's) $8,391,475 $5,966,443 $1,526,688 $1,590,219 $612,167 $219,298 $63,747 $18,370,037
Custody Fee $0 $36,194 $284,538 $94,873 $160,000 $1,305 $17,439 $594,349
Securities Lending Income ($5,406,014) ($2,460,711) ($233,175) ($143,737) ($63,093) ($8,306,730)
Commission Recapture ($842,319) $0 ($215,773) $0 ($41,053) ($1,099,145)
Sub-Total (Custody - Net) $0 $36,194 $284,538 $94,873 $160,000 $1,305 $17,439 $594,349
Investment Manager Fees $27,153,673 $5,429,003 $3,300,881 $10,697,098 $1,965,765 $89,925 $103,150 $48,739,495
Average Basis Points 32 9 22 67 32 4 16 27
Percent Passively Managed 0.0 45.7 30.4 20.7 28.0 67.1 0.0 20.9
Total Investment Return 24.9% 20.7% 15.4% 17.4% 16.7% 20.5% 16.1% 21.6%
Investment Consultant $747,580 $241,137 $170,000 $548,277 $110,000 $8,863 N/A $1,825,857
Investment Consultant (bps) 1 1 1 3 1 0 - 1
TOTAL FEES FOR 2009 $27,901,253 $5,706,334 $3,755,419 $11,340,248 $2,235,765 $100,093 $120,589 $51,159,701
Average Basis Points 33 10 25 71 37 5 19 28
TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL
Growth in Assets from 2009 to 2010 14.2% 10.0% 9.2% 9.1% 11.3% 10.0% 11.9% 11.8%
Growth in Fees from 2009 to 2010 30.5% 15.1% 136.7% -4.8% 9.9% 41.1% 9.6% 27.8%
TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL
12/31/10 Asset Market Value
($ in 000's)
$9,582,234 $6,563,052 $1,666,384 $1,735,043 $681,546 $241,192 $71,363 $20,540,814
Custody Fee $1,260,549 $28,938 $294,372 $98,285 $101,000 $1,062 $13,066 $1,797,272
Securities Lending Income ($7,143,113) ($1,408,961) ($707,905) ($86,541) ($93,107) ($25,518) $0 ($9,465,145)
Commission Recapture ($393,350) ($100,149) ($167,362) $0 ($59,057) $0 $0 ($719,917)
Sub-Total (Custody - Net) $1,260,549 $28,938 $294,372 $98,285 $101,000 $1,062 $13,066 $1,797,272
Investment Manager Fees $34,417,470 $6,306,177 $8,424,579 $10,109,747 $2,245,580 $134,381 $119,102 $61,757,036
Average Basis Points 49 11 51 157 53 8 16 30
Percent Passively Managed 0.0 43.8 24.4 19.7 23.2 70.1 0.0 20.9
Total Investment Return 15.9% 12.5% 12.7% 11.7% 15.1% 13.2% 10.6% 21.6%
Investment Consultant $723,327 $230,851 $170,000 $586,319 $110,000 $5,836 N/A $1,826,333
Investment Consultant (bps) 1 1 1 3 2 0 - 1
TOTAL FEES FOR 2010 $36,401,346 $6,565,966 $8,888,951 $10,794,351 $2,456,580 $141,279 $132,168 $65,380,641
Average Basis Points 38 10 53 62 36 6 19 32
2
Individual Retirement System Fee
Analysis
Teachers Retirement System
2009 2010
CUSTODY FEES:
Custodian: Northern Trust
Custody Fee $ - $ 1,260,549
Securities Lending Income $ ( 5,406,014) $ (7,143,113)
Commission Recapture $ (842,319) $ (393,530)
INVESTMENT MANAGERS: BPS BPS
Assets as of
12/31/2010
(000's)
Aletheia Large Cap Core $ 2 20,890 - - - -
Chase Large Cap Core $ 8 50,463 - - - -
Goldman Sachs Large Cap Growth $ 8 05,318 15 $ 1,353,326 25 $ 546,187
Sawgrass Large Cap Core $ 1,112,764 20 $ 1,770,056 32 $ 546,187
Hotchkis & Wiley Large Cap Value $ 1,062,742 28 $ 1,190,695 32 $ 373,707
Advisory Research All Cap $ 9 39,294 26 $ 1,155,326 33 $ 354,543
Epoch All Cap $ 1,447,090 35 $ 1,698,219 41 $ 412,036
Aronson & Partners Mid Cap Value $ 4 38,089 13 $ 346,958 10 $ 335,378
Hotchkis & Wiley Mid Cap Value $ 9 38,119 26 $ 1,576,143 43 $ 364,125
Frontier Capital Mid Cap Core $ 1,618,131 41 $ 1,947,037 50 $ 392,872
Wellington Management Mid Cap Growth $ 1,024,641 30 $ 1,348,447 39 $ 344,960
Shapiro Capital Small Cap Value $ 2,385,336 47 $ 3,345,230 66 $ 507,858
Tocqueville Small Cap Value $ 2,235,704 48 $ 2,751,446 59 $ 469,529
Brandes International Value Equity $ 1,591,608 35 $ 1,749,095 38 $ 459,947
Capital Guardian International Equity $ 1,287,565 33 $ 1,568,472 40 $ 392,872
Causeway International Value Equity $ 9 65,950 32 $ 1,117,268 36 $ 306,631
Thornburg International Equity $ 1,168,642 38 $ 1,425,300 46 $ 306,631
Hoisington Long Bonds $ 4 73,917 15 $ 457,315 14 $ 316,214
Stephens Capital Core Fixed $ 2 79,049 9 $ 394,026 13 $ 297,049
Loomis Sayles Core Fixed $ 1,056,417 17 $ 8 10,374 13 $ 613,263
Lord Abbett Core Fixed $ 9 91,645 16 $ 992,653 16 $ 603,681
Mackay Shields Core Fixed $ 1,021,689 17 $ 1,613,925 27 $ 603,681
PIMCO Core Fixed $ 1,081,496 113 $ 4 63,936 48 $ 95,822
Loomis Sayles High Yield $ 7 39,205 27 $ 1,366,293 49 $ 277,885
Lord Abbett High Yield $ 7 16,054 26 $ 1,032,411 37 $ 277,885
Mackay Shields High Yield $ 7 01,855 24 $ 1,204,832 42 $ 287,467
Franklin Park Private Equity $ - - $ 1,738,686 363 $ 47,911
Cash $ - - $ - - $ 47,911
Sub-Total $ 27,153,673 32 $ 34,417,470 36 $ 9,582,234
INVESTMENT CONSULTANT:
gregory.w.group $ 747,580 $ 723,327
TOTAL INVESTMENT FEES: $ 2 7,901,253 33 $ 36,401,346 38
OKLAHOMA TEACHERS' RETIREMENT SYSTEM
*Teacher’s also paid a fee of $23,087 to Bloomberg Financial Information Services in 2009
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 46.4% 48.5%
% Active 46.4% 48.5%
% Passive 0.0% 0.0%
Domestic Fixed 36.2% 34.2%
% Active 36.2% 34.2%
% Passive 0.0% 100.0%
International Eq 15.8% 15.3%
% Active 15.8% 15.3%
% Passive 0.0% 0.0%
Global Fixed 0.0% 0.0%
% Active 0.0% 0.0%
% Passive 0.0% 0.0%
Other 1.6% 2.0%
Calendar Year Return 24.9% 15.9%
Asset Allocation Breakdown
4
Public Employees Retirement System
2009 2010
CUSTODY FEES:
Bankers Trust + Northern Trust
Custody Fee* $ 3 6,194 $ 28,938
Securities Lending Income ($2,460,711) ($1,408,961)
Commission Recapture -- ($100,149)
INVESTMENT MANAGERS: BPS BPS
Assets as of
12/31/2010 (000's)
Aronson & Partners$ Large Cap Value $ 4 22,209 - $ - 0 $ 144,387
BlackRock Russell 1000 Index Large Cap Index - - $ 2 7,987 0 $ 1,481,937
BlackRock Russell 2000 Value Index Small Cap Value Index - - $ 1 4,074 1 $ 118,135
BlackRock Russell 3000 Index All Cap Index $ 1 37,665 1 $ 9 1,596 - -
Franklin/Mellon Large Cap Core $ 1 08,153 4 $ 125,000 4 $ 311,423
State Street$ Large Cap Core $ 7 9,065 3 $ 8 1,140 3 $ 308,463
Turner Large Cap Growth $ 2 19,477 16 $ 2 58,093 16 $ 157,513
Barrow Hanley Small Cap Value $ 4 14,377 42 $ 5 20,114 42 $ 124,698
UBS Global$ Small Cap Growth $ 1 55,850 20 $ 2 18,195 17 $ 131,261
BlackRock EAFE Index International Equity $ 6 6,418 - - - -
BlackRock EAFE Growth Index International Equity $ 6 5,618 - - - -
Barclays Emerging Mkt Index Emerging Market $ 2 83,305 - - - -
BlackRock ACWI ex-US Global Equity $ 5 6,287 1 $ 229,307 4 $ 525,044
BlackRock ACWI ex-US Growth Global Equity $ 5 9,974 1 $ 245,022 4 $ 544,733
BlackRock US TIPs TIPS - - $ 2 0,067 1 $ 203,455
Mondrian (Delaware) International Equity $ 1 ,548,958 30 $ 1 ,799,154 33 $ 538,170
Blackrock Enhanced Core Bond $ 1 ,126,466 9 $ 1,081,400 10 $ 1,134,095
Hoisington Long Bond $ 4 97,151 13 $ 3 78,872 18 $ 210,018
Metwest$ Core Bond $ 1 88,030 5 $ 1,216,156 20 $ 623,490
Cash Account Cash $ - - $ - 0 $ 6,228
Sub-Total $ 5 ,429,003 8 $ 6,306,177 10 $ 6,563,052
INVESTMENT CONSULTANT:
Strategic Investment Solutions* $ 2 41,137 $ 230,851
TOTAL INVESTMENT FEES: $ 5,706,334 9 $ 6,565,966 10
$ Performance-based fee
* Custody and Investment Consultant fees are shared with URSJJ plan. Fees per plan are proportioned according to total plan assets.
OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 41.7% 42.3%
% Active 11.8% 17.9%
% Passive 29.9% 24.4%
Domestic Fixed 33.4% 33.1%
% Active 33.4% 33.1%
% Passive 0.0% 0.0%
International Eq 24.4% 24.5%
% Active 8.6% 8.2%
% Passive 15.8% 16.3%
Other 0.5% 0.1%
Calendar Year Return 20.7% 12.5%
Asset Allocation Breakdown
5
Firefighters Retirement System
2009 2010
CUSTODY FEES:
State Street Bank
Custody Fee $ 284,538 $ 294,372
Securities Lending (233,175) (707,905)
Commission Recapture (215,773) (167,362)
INVESTMENT MANAGERS: BPS BPS
Assets as of
12/31/2010 (000's)
Aronson & Partners Large Cap Value $ 137,027 28 $ 133,298 24 $ 5 6,657
Brandywine Large Cap Value $ 205,475 68 $ 270,125 46 $ 5 8,323
Chase Investment Large Cap Growth $ 488,666 52 $ 230,763 - $ -
Fred Alger Large Cap Growth $ - - $ 276,497 25 $ 1 09,981
Intech Large Cap Core $ 382,847 29 $ 458,783 30 $ 1 53,641
Earnest Partners Small Cap Value $ 259,191 65 $ 322,821 65 $ 4 9,992
River Road Small Cap Value $ 301,707 81 $ 357,159 79 $ 4 4,992
Waddell & Reed Small Cap Growth $ 548,061 62 $ 705,120 64 $ 1 09,981
Grosvenor Long/Short Equity $ - - $ 652,484 80 $ 8 1,653
Attalus Long/Short Equity $ - $ 498,227 96 $ 5 1,658
Artio (Julius Baer) International Equity $ 463,131 46 $ 514,470 47 $ 1 09,981
Thornburg International Equity $ 425,671 45 $ 591,560 54 $ 1 09,981
State Street Index Funds $ - - $ 165,113 4 $ 407,098
Brandywine Global Fixed Income $ 89,105 18 $ 830,176 70 $ 1 18,647
JP Morgan Real Estate $ - - $ 449,010 93 $ 4 8,325
TA Associates Real Estate $ - - $ 448,348 207 $ 2 1,663
Portfolio Advisors Real Estate $ - - $ 84,375 101 $ 8 ,332
Pequot Long/Short Equity $ - - $ - - $ 1,666
Private Advisors Hedge Fund $ - - $ 1,436,249 118 $ 1 21,813
Cash Account Cash $ - - $ - - $ 2,000
Sub-Total $ 3,300,881 22 $ 8,424,579 51 $ 1 ,666,384
INVESTMENT CONSULTANT:
Asset Consulting Group $ 170,000 $ 170,000
TOTAL INVESTMENT FEES: $ 3,755,419 25 $ 8,888,951 53
Fees for alternative managers were not provided
Securities Lending and Commission Recapture values were not provided for 2009. Therefore, values are the same as the 2008 values
OKLAHOMA FIREFIGHTERS PENSION AND RETIREMENT SYSTEM
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 43.5% 55.6%
% Active 32.0% 43.1%
% Passive 11.5% 12.5%
Domestic Fixed 18.9% 11.9%
% Active 0.0% 0.0%
% Passive 18.9% 11.9%
International Eq 12.9% 13.2%
% Active 12.9% 13.2%
% Passive 0.0% 0.0%
International Fixed 2.0% 7.1%
% Active 2.0% 7.1%
% Passive 0.0% 0.0%
Other* 22.7% 12.2%
Calendar Year Return 15.4% 12.7%
Asset Allocation Breakdown
*Includes L/S Equity
6
Police Retirement System
2009 2010
CUSTODY FEES:
Custodian: Mellon Trust
Custody Fee $ 94,873 $ 98,285
Securities Lending Income $ ( 143,737) $ ( 86,541)
Commission Recapture $ - $ -
BPS BPS
Assets as of
12/31/2010 (000's)
Mellon Capital Large Cap Index $ 69,059 2 $ 83,168 2 $ 342,497
State Street Large Cap Index Plus $ - - - - $ -
Boston Partners Small Cap Value $ 395,494 50 $ 623,691 66 $ 94,386
Martingale Small Cap Growth $ 266,196 48 $ 432,495 62 $ 70,096
Mondrian (Delaware) International Equity $ 393,999 45 $ 429,152 47 $ 90,916
Artio (Julius Baer) International Equity $ 433,374 54 $ 469,393 54 $ 87,446
Agincourt Core Bond $ 270,066 20 $ 280,598 19 $ 148,173
Oaktree Capital Fixed Income $ 481,531 53 $ 351,356 34 $ 104,797
Fischer Francis Global Fixed $ - - $ 27,433 - $ 5,324
Loomis Sayles Global Fixed $ 254,192 33 $ 283,793 33 $ 85,711
Cash Account Cash $ - - $ - - $ 51,238
Sub-Total $ 2,563,911 27 $ 2,981,078 28 $ 1,080,584
Special Strategies
Columbus Square Real Estate $ 17,677 51 $ 17,542 51 $ 3,470
JP Morgan Real Estate $ 369,743 109 $ 357,898 94 $ 38,171
Attalus Long/Short Equity $ 715,604 96 $ 739,326 97 $ 76,342
Grosvenor Long/Short Equity $ 1,282,756 80 $ 1,351,102 79 $ 171,769
Pequot Long/Short Equity $ 1,282,756 1118 - - $ 12,145
Mount Lucas Peak Partners Hedge Fund $ 295,589 98 $ 301,797 92 $ 32,966
PAAMCO Hedge Fund $ 1,227,435 84 $ 1,359,383 87 $ 156,154
Arsenal I & II Private Equity $ 174,903 190 $ 167,249 103 $ 16,309
Calera Partners (Fremont) III & IV Private Equity $ 127,663 162 $ 123,113 229 $ 5,379
Hicks, Muse, Tate & Furst Private Equity $ - - - - $ 1,215
Lightspeed Venture Partners VI Private Equity $ 121,530 269 $ 95,519 - $ -
Knightsbridge Private Equity $ 84,000 125 $ 84,000 108 $ 7,808
Lexington Private Equity $ 130,351 118 $ 118,146 86 $ 13,707
Marathon Fund IV & V (Goldner Hawn) Private Equity $ 13,609 12 $ 200,000 177 $ 11,278
First Mark II, III, & IV Private Equity $ 264,659 - $ 225,638 - $ -
TCW/Crescent Mezzanine III & IV Private Equity $ 273,572 254 $ 233,503 286 $ 8,155
Weiss, Peck & Greer V & VI Private Equity $ 28,895 171 $ 16,088 27 $ 5,899
Accel Europe Private Equity $ 59,735 89 $ 50,532 61 $ 8,328
Levine Leichtman III & IV Private Equity $ 128,860 150 $ 264,691 391 $ 6,767
Oaktree Funds II, III, IV, V, VI, VIIA & VIIB Private Equity $ 331,223 160 $ 378,470 364 $ 10,410
Siguler Guff I, II & III Private Equity $ 438,615 96 $ 424,818 153 $ 27,761
Venture Lending & Leasing III Private Equity $ 17,772 246 $ 14,568 280 $ 521
Newstone Partners Private Equity $ 62,110 164 $ 42,044 101 $ 4,164
Warburg Pincus Private Equity $ 224,972 435 $ 182,504 195 $ 9,369
Thompson Street Private Equity $ 210,277 460 $ 153,693 167 $ 9,196
Sun Capital V Private Equity $ - - - - $ 5,379
Weathergage Private Equity $ 75,000 412 $ 75,000 240 $ 3,123
HM Sector Performance $ 173,882 253 $ 152,044 175 $ 8,675
Sub-Total $ 8,133,187 128 $ 7,128,669 109 $ 654,458
Total $ 10,697,097 $ 10,109,747 $ 1,735,043
INVESTMENT CONSULTANT:
Asset Consulting Group $ 548,277 $ 586,319
TOTAL INVESTMENT FEES: $ 11,340,248 71 $ 10,794,351 62
OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 29.2% 43.3%
% Active 8.5% 23.6%
% Passive 20.7% 19.7%
Domestic Fixed 14.3% 14.6%
% Active 14.3% 14.6%
% Passive 0.0% 0.0%
International Eq 10.5% 10.3%
% Active 10.5% 10.3%
% Passive 0.0% 0.0%
International Fxd 4.8% 4.9%
% Active 4.8% 4.9%
% Passive 0.0% 0.0%
Other* 41.2% 27.1%
Calendar Year Return 17.4% 11.7%
*Includes L/S Equity
Asset Allocation Breakdown
7
Law Enforcement Retirement System
2009 2010
CUSTODY FEES:
Northern Trust
Custody Fee $ 160,000 $ 101,000
Securities Lending $ ( 63,093) $ (93,107)
Commission Recapture $ ( 41,053) $ (59,057)
INVESTMENT MANAGERS: BPS BPS
Assets as of
12/31/2010 (000's)
Hotchkis & Wiley Large Cap Value $ 119,919 25 $ 144,809 27 $ 54,524
NTGI Large Cap Core & Bond Index $ 18,894 3 $ 49,814 3 $ 158,391
Chase/Waddell & Reed Large Cap Growth $ 191,225 45 $ 207,048 44 $ 47,027
Columbus Circle Small Cap Growth $ 62,621 13 $ 354,091 54 $ 65,701
Kennedy Capital Small Cap Value $ 424,184 76 $ 509,359 82 $ 62,021
Mondrian (Delaware) International Equity $ 149,453 56 $ 177,411 55 $ 32,033
Artio (Julius Baer) International Equity $ 126,775 54 $ 223,155 65 $ 34,077
TCW Core Bond $ 250,534 29 $ 261,606 25 $ 106,594
Grosvenor Hedge Fund $ - - - - $ 66,383
RREEF Real Estate $ 156,668 59 $ 293,159 96 $ 30,670
Colcord Center Real Estate $ - - $ 25,128 74 $ 3,408
American I & II Private Equity $ - - - $ 8,860
Knightsbridge VI & VII Private Equity $ - - - $ 10,905
Cash Account Cash $ - - $ 954
Sub-Total $ 1,965,765 32 $ 2,245,580 33 $ 681,546
INVESTMENT CONSULTANT:
Asset Consulting Group $ 110,000 $ 110,000
TOTAL INVESTMENT FEES: $ 2,235,765 37 $ 2,456,580 36
OKLAHOMA LAW ENFORCEMENT RETIREMENT SYSTEM
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 42.7% 43.3%
% Active 31.7% 33.7%
% Passive 11.0% 9.6%
Domestic Fixed 31.3% 29.3%
% Active 14.3% 15.7%
% Passive 17.0% 13.6%
International Eq 8.3% 9.7%
% Active 8.3% 9.7%
% Passive 0.0% 0.0%
Other 17.7% 17.7%
Calendar Year Return 16.7% 15.1%
Asset Allocation Breakdown
8
Judges & Justices Retirement System
2009 2010
CUSTODY FEES:
Bankers Trust + Northern Trust
Custody Fee* $ 1,305 $ 1 ,062
INVESTMENT MANAGERS: BPS BPS
Assets as of
12/31/2010 (000's)
BlackRock Russell 3000 Index All Cap Equity $ 4,573 - - - $ -
BlackRock Russell 1000 Index Large Cap Equity $ 2,131 0 $ 5 ,530 1 $ 86,853
BlackRock Russell 2000 Index Small Cap Equity $ 1,902 1 $ 4 ,920 3 $ 15,943
BlackRock EAFE EAFE Index Provisional $ 9,585 - - - $ -
Blackrock ACWI ex U.S. International Equity $ 6,745 1 $ 25,827 4 $ 58,634
Blackrock Core Bond $ 39,635 9 $ 3 8,324 10 $ 40,303
BlackRock US TIPs TIPs - - $ 7 63 - $ 7,742
Hoisington Long Bond $ 18,496 13 $ 1 4,667 17 $ 8,707
Metwest$ Core Bond $ 6,858 5 $ 44,349 20 $ 22,696
Cash Account Cash $ - - $ - 0 $ 314
Sub-Total $ 89,925 4 $ 1 34,381 6 $ 241,192
INVESTMENT CONSULTANT:
Strategic Investment Solutions* $ 8,863 $ 5 ,836
TOTAL INVESTMENT FEES: $ 1 00,093 5 $ 141,279 6
$ Performance-based fee
* Custody and Investment Consultant fees are shared with OPERS plan. Fees per plan are proportioned according to total plan assets.
OKLAHOMA RETIREMENT SYSTEM FOR JUDGES AND JUSTICES
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 41.5% 42.7%
% Active 0.0% 0.0%
% Passive 41.5% 42.7%
Domestic Fixed 32.6% 32.9%
% Active 32.6% 32.9%
% Passive 0.0% 0.0%
International Eq 25.6% 24.3%
% Active 0.0% 0.0%
% Passive 25.6% 24.3%
Other 0.3% 0.1%
Calendar Year Return 20.5% 13.2%
Asset Allocation Breakdown
9
Wildlife Retirement System
2009 2010
CUSTODY FEES:
Bank of Oklahoma
Custody Fee $ 6 ,664 $ 7,090
General Account Charges (Aetna) $ 1 0,775 $ 5,976
Sub-Total $ 1 7,439 $ 13,066
INVESTMENT MANAGER FEES Assets as of
Bank of Oklahoma* BPS BPS 12/31/2010 (000's)
Growth Equity $ 1 3,444 15 $ 14,454 15 $ 9 ,349
Core Equity $ 9 ,588 15 $ 12,060 16 $ 7 ,350
Value Equity $ 9 ,625 15 $ 13,810 17 $ 8,135
Small/Mid Cap Equity $ 8 ,808 18 $ 11,381 19 $ 5,994
International Equity $ 9 ,277 18 $ 10,772 25 $ 4,282
Core Fixed Income $ 5 2,408 18 $ 54,765 17 $ 3 1,471
MSCI BRIC - $ 1 85
International Emerging - $ 9 13
Multi-Cap $ 289 10 $ 2 86
Alternatives $ 1,572 8 $ 1 ,927
Cash Management $ - - $ - - $ 1,470
Sub-Total $ 1 03,150 16 $ 119,102 17 $ 71,363
TOTAL INVESTMENT FEES: $ 1 20,589 19 $ 132,168 19
*Effective 12/1/2005 Aeltus/ING was replaced by Bank of Oklahoma as the Investment Manager
OKLAHOMA DEPARTMENT OF WILDLIFE
2009 % of
Total Fund
2010 % of
Total Fund
Domestic Equity 42.3% 43.5%
% Active 42.3% 43.5%
% Passive 0.0% 0.0%
Domestic Fixed 46.0% 44.1%
% Active 46.0% 44.1%
% Passive 0.0% 0.0%
International Eq 7.9% 7.6%
% Active 7.9% 7.6%
% Passive 0.0% 0.0%
Other 3.8% 4.8%
Calendar Year Return 16.1% 10.6%
Asset Allocation Breakdown
10
Object Description
| Okla State Agency |
Pension Commission, Oklahoma State |
| Okla Agency Code | 'PEN' |
| Title | Fee analysis for calendar year.... |
| Authors |
New England Pension Consultants. Oklahoma State Pension Commission. |
| Publisher | Oklahoma State Pension Commission |
| Publication Date | 2006; 2007; 2008; 2009; 2010 |
| Publication type | Financial Report |
| Serial holdings | Electronic holdings: 2006-2010 |
| Subject |
Investment of public funds--Oklahoma--Periodicals. Pension trusts--Oklahoma--Periodicals. |
| Contents | Based on 2006 issue;Fee Comparison from [year] to [year];Individual Retirement system Fee Analysis |
| Notes | issues through 2010; Powerpoint presentation |
| OkDocs Class# | P920.8 F295 |
| Digital Format | Powerpoint |
| ODL electronic copy | Downloaded from agency website: http://www.ok-pension.state.ok.us/reports.htm |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Date created | 2008-06-11 |
| Date modified | 2013-01-14 |
Description
| Title | Fee Analysis Report 2011 |
| OkDocs Class# | P920.8 F295 2010 |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Downloaded from agency website: www.ok.gov/~ok-pension/reports/fees/2011_fee_analysis_report%5B1%5D.pdf |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Full text | Oklahoma State Pension Commission Fee Analysis for Calendar Year 2010 June 8, 2011 Allan Martin, Managing Partner Don Stracke, CFA, Senior Consultant Anthony Ferrara, Senior Analyst Fee Comparison from 2009 to 2010 – Periods Ending Dec. 31 2009 FEES 2010 FEES Asset Growth & Fee Growth TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL 12/31/09 Asset Market Value ($ in 000's) $8,391,475 $5,966,443 $1,526,688 $1,590,219 $612,167 $219,298 $63,747 $18,370,037 Custody Fee $0 $36,194 $284,538 $94,873 $160,000 $1,305 $17,439 $594,349 Securities Lending Income ($5,406,014) ($2,460,711) ($233,175) ($143,737) ($63,093) ($8,306,730) Commission Recapture ($842,319) $0 ($215,773) $0 ($41,053) ($1,099,145) Sub-Total (Custody - Net) $0 $36,194 $284,538 $94,873 $160,000 $1,305 $17,439 $594,349 Investment Manager Fees $27,153,673 $5,429,003 $3,300,881 $10,697,098 $1,965,765 $89,925 $103,150 $48,739,495 Average Basis Points 32 9 22 67 32 4 16 27 Percent Passively Managed 0.0 45.7 30.4 20.7 28.0 67.1 0.0 20.9 Total Investment Return 24.9% 20.7% 15.4% 17.4% 16.7% 20.5% 16.1% 21.6% Investment Consultant $747,580 $241,137 $170,000 $548,277 $110,000 $8,863 N/A $1,825,857 Investment Consultant (bps) 1 1 1 3 1 0 - 1 TOTAL FEES FOR 2009 $27,901,253 $5,706,334 $3,755,419 $11,340,248 $2,235,765 $100,093 $120,589 $51,159,701 Average Basis Points 33 10 25 71 37 5 19 28 TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL Growth in Assets from 2009 to 2010 14.2% 10.0% 9.2% 9.1% 11.3% 10.0% 11.9% 11.8% Growth in Fees from 2009 to 2010 30.5% 15.1% 136.7% -4.8% 9.9% 41.1% 9.6% 27.8% TEACHERS PERS FIRE POLICE LAW JUDGES WILDLIFE TOTAL 12/31/10 Asset Market Value ($ in 000's) $9,582,234 $6,563,052 $1,666,384 $1,735,043 $681,546 $241,192 $71,363 $20,540,814 Custody Fee $1,260,549 $28,938 $294,372 $98,285 $101,000 $1,062 $13,066 $1,797,272 Securities Lending Income ($7,143,113) ($1,408,961) ($707,905) ($86,541) ($93,107) ($25,518) $0 ($9,465,145) Commission Recapture ($393,350) ($100,149) ($167,362) $0 ($59,057) $0 $0 ($719,917) Sub-Total (Custody - Net) $1,260,549 $28,938 $294,372 $98,285 $101,000 $1,062 $13,066 $1,797,272 Investment Manager Fees $34,417,470 $6,306,177 $8,424,579 $10,109,747 $2,245,580 $134,381 $119,102 $61,757,036 Average Basis Points 49 11 51 157 53 8 16 30 Percent Passively Managed 0.0 43.8 24.4 19.7 23.2 70.1 0.0 20.9 Total Investment Return 15.9% 12.5% 12.7% 11.7% 15.1% 13.2% 10.6% 21.6% Investment Consultant $723,327 $230,851 $170,000 $586,319 $110,000 $5,836 N/A $1,826,333 Investment Consultant (bps) 1 1 1 3 2 0 - 1 TOTAL FEES FOR 2010 $36,401,346 $6,565,966 $8,888,951 $10,794,351 $2,456,580 $141,279 $132,168 $65,380,641 Average Basis Points 38 10 53 62 36 6 19 32 2 Individual Retirement System Fee Analysis Teachers Retirement System 2009 2010 CUSTODY FEES: Custodian: Northern Trust Custody Fee $ - $ 1,260,549 Securities Lending Income $ ( 5,406,014) $ (7,143,113) Commission Recapture $ (842,319) $ (393,530) INVESTMENT MANAGERS: BPS BPS Assets as of 12/31/2010 (000's) Aletheia Large Cap Core $ 2 20,890 - - - - Chase Large Cap Core $ 8 50,463 - - - - Goldman Sachs Large Cap Growth $ 8 05,318 15 $ 1,353,326 25 $ 546,187 Sawgrass Large Cap Core $ 1,112,764 20 $ 1,770,056 32 $ 546,187 Hotchkis & Wiley Large Cap Value $ 1,062,742 28 $ 1,190,695 32 $ 373,707 Advisory Research All Cap $ 9 39,294 26 $ 1,155,326 33 $ 354,543 Epoch All Cap $ 1,447,090 35 $ 1,698,219 41 $ 412,036 Aronson & Partners Mid Cap Value $ 4 38,089 13 $ 346,958 10 $ 335,378 Hotchkis & Wiley Mid Cap Value $ 9 38,119 26 $ 1,576,143 43 $ 364,125 Frontier Capital Mid Cap Core $ 1,618,131 41 $ 1,947,037 50 $ 392,872 Wellington Management Mid Cap Growth $ 1,024,641 30 $ 1,348,447 39 $ 344,960 Shapiro Capital Small Cap Value $ 2,385,336 47 $ 3,345,230 66 $ 507,858 Tocqueville Small Cap Value $ 2,235,704 48 $ 2,751,446 59 $ 469,529 Brandes International Value Equity $ 1,591,608 35 $ 1,749,095 38 $ 459,947 Capital Guardian International Equity $ 1,287,565 33 $ 1,568,472 40 $ 392,872 Causeway International Value Equity $ 9 65,950 32 $ 1,117,268 36 $ 306,631 Thornburg International Equity $ 1,168,642 38 $ 1,425,300 46 $ 306,631 Hoisington Long Bonds $ 4 73,917 15 $ 457,315 14 $ 316,214 Stephens Capital Core Fixed $ 2 79,049 9 $ 394,026 13 $ 297,049 Loomis Sayles Core Fixed $ 1,056,417 17 $ 8 10,374 13 $ 613,263 Lord Abbett Core Fixed $ 9 91,645 16 $ 992,653 16 $ 603,681 Mackay Shields Core Fixed $ 1,021,689 17 $ 1,613,925 27 $ 603,681 PIMCO Core Fixed $ 1,081,496 113 $ 4 63,936 48 $ 95,822 Loomis Sayles High Yield $ 7 39,205 27 $ 1,366,293 49 $ 277,885 Lord Abbett High Yield $ 7 16,054 26 $ 1,032,411 37 $ 277,885 Mackay Shields High Yield $ 7 01,855 24 $ 1,204,832 42 $ 287,467 Franklin Park Private Equity $ - - $ 1,738,686 363 $ 47,911 Cash $ - - $ - - $ 47,911 Sub-Total $ 27,153,673 32 $ 34,417,470 36 $ 9,582,234 INVESTMENT CONSULTANT: gregory.w.group $ 747,580 $ 723,327 TOTAL INVESTMENT FEES: $ 2 7,901,253 33 $ 36,401,346 38 OKLAHOMA TEACHERS' RETIREMENT SYSTEM *Teacher’s also paid a fee of $23,087 to Bloomberg Financial Information Services in 2009 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 46.4% 48.5% % Active 46.4% 48.5% % Passive 0.0% 0.0% Domestic Fixed 36.2% 34.2% % Active 36.2% 34.2% % Passive 0.0% 100.0% International Eq 15.8% 15.3% % Active 15.8% 15.3% % Passive 0.0% 0.0% Global Fixed 0.0% 0.0% % Active 0.0% 0.0% % Passive 0.0% 0.0% Other 1.6% 2.0% Calendar Year Return 24.9% 15.9% Asset Allocation Breakdown 4 Public Employees Retirement System 2009 2010 CUSTODY FEES: Bankers Trust + Northern Trust Custody Fee* $ 3 6,194 $ 28,938 Securities Lending Income ($2,460,711) ($1,408,961) Commission Recapture -- ($100,149) INVESTMENT MANAGERS: BPS BPS Assets as of 12/31/2010 (000's) Aronson & Partners$ Large Cap Value $ 4 22,209 - $ - 0 $ 144,387 BlackRock Russell 1000 Index Large Cap Index - - $ 2 7,987 0 $ 1,481,937 BlackRock Russell 2000 Value Index Small Cap Value Index - - $ 1 4,074 1 $ 118,135 BlackRock Russell 3000 Index All Cap Index $ 1 37,665 1 $ 9 1,596 - - Franklin/Mellon Large Cap Core $ 1 08,153 4 $ 125,000 4 $ 311,423 State Street$ Large Cap Core $ 7 9,065 3 $ 8 1,140 3 $ 308,463 Turner Large Cap Growth $ 2 19,477 16 $ 2 58,093 16 $ 157,513 Barrow Hanley Small Cap Value $ 4 14,377 42 $ 5 20,114 42 $ 124,698 UBS Global$ Small Cap Growth $ 1 55,850 20 $ 2 18,195 17 $ 131,261 BlackRock EAFE Index International Equity $ 6 6,418 - - - - BlackRock EAFE Growth Index International Equity $ 6 5,618 - - - - Barclays Emerging Mkt Index Emerging Market $ 2 83,305 - - - - BlackRock ACWI ex-US Global Equity $ 5 6,287 1 $ 229,307 4 $ 525,044 BlackRock ACWI ex-US Growth Global Equity $ 5 9,974 1 $ 245,022 4 $ 544,733 BlackRock US TIPs TIPS - - $ 2 0,067 1 $ 203,455 Mondrian (Delaware) International Equity $ 1 ,548,958 30 $ 1 ,799,154 33 $ 538,170 Blackrock Enhanced Core Bond $ 1 ,126,466 9 $ 1,081,400 10 $ 1,134,095 Hoisington Long Bond $ 4 97,151 13 $ 3 78,872 18 $ 210,018 Metwest$ Core Bond $ 1 88,030 5 $ 1,216,156 20 $ 623,490 Cash Account Cash $ - - $ - 0 $ 6,228 Sub-Total $ 5 ,429,003 8 $ 6,306,177 10 $ 6,563,052 INVESTMENT CONSULTANT: Strategic Investment Solutions* $ 2 41,137 $ 230,851 TOTAL INVESTMENT FEES: $ 5,706,334 9 $ 6,565,966 10 $ Performance-based fee * Custody and Investment Consultant fees are shared with URSJJ plan. Fees per plan are proportioned according to total plan assets. OKLAHOMA PUBLIC EMPLOYEES RETIREMENT SYSTEM 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 41.7% 42.3% % Active 11.8% 17.9% % Passive 29.9% 24.4% Domestic Fixed 33.4% 33.1% % Active 33.4% 33.1% % Passive 0.0% 0.0% International Eq 24.4% 24.5% % Active 8.6% 8.2% % Passive 15.8% 16.3% Other 0.5% 0.1% Calendar Year Return 20.7% 12.5% Asset Allocation Breakdown 5 Firefighters Retirement System 2009 2010 CUSTODY FEES: State Street Bank Custody Fee $ 284,538 $ 294,372 Securities Lending (233,175) (707,905) Commission Recapture (215,773) (167,362) INVESTMENT MANAGERS: BPS BPS Assets as of 12/31/2010 (000's) Aronson & Partners Large Cap Value $ 137,027 28 $ 133,298 24 $ 5 6,657 Brandywine Large Cap Value $ 205,475 68 $ 270,125 46 $ 5 8,323 Chase Investment Large Cap Growth $ 488,666 52 $ 230,763 - $ - Fred Alger Large Cap Growth $ - - $ 276,497 25 $ 1 09,981 Intech Large Cap Core $ 382,847 29 $ 458,783 30 $ 1 53,641 Earnest Partners Small Cap Value $ 259,191 65 $ 322,821 65 $ 4 9,992 River Road Small Cap Value $ 301,707 81 $ 357,159 79 $ 4 4,992 Waddell & Reed Small Cap Growth $ 548,061 62 $ 705,120 64 $ 1 09,981 Grosvenor Long/Short Equity $ - - $ 652,484 80 $ 8 1,653 Attalus Long/Short Equity $ - $ 498,227 96 $ 5 1,658 Artio (Julius Baer) International Equity $ 463,131 46 $ 514,470 47 $ 1 09,981 Thornburg International Equity $ 425,671 45 $ 591,560 54 $ 1 09,981 State Street Index Funds $ - - $ 165,113 4 $ 407,098 Brandywine Global Fixed Income $ 89,105 18 $ 830,176 70 $ 1 18,647 JP Morgan Real Estate $ - - $ 449,010 93 $ 4 8,325 TA Associates Real Estate $ - - $ 448,348 207 $ 2 1,663 Portfolio Advisors Real Estate $ - - $ 84,375 101 $ 8 ,332 Pequot Long/Short Equity $ - - $ - - $ 1,666 Private Advisors Hedge Fund $ - - $ 1,436,249 118 $ 1 21,813 Cash Account Cash $ - - $ - - $ 2,000 Sub-Total $ 3,300,881 22 $ 8,424,579 51 $ 1 ,666,384 INVESTMENT CONSULTANT: Asset Consulting Group $ 170,000 $ 170,000 TOTAL INVESTMENT FEES: $ 3,755,419 25 $ 8,888,951 53 Fees for alternative managers were not provided Securities Lending and Commission Recapture values were not provided for 2009. Therefore, values are the same as the 2008 values OKLAHOMA FIREFIGHTERS PENSION AND RETIREMENT SYSTEM 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 43.5% 55.6% % Active 32.0% 43.1% % Passive 11.5% 12.5% Domestic Fixed 18.9% 11.9% % Active 0.0% 0.0% % Passive 18.9% 11.9% International Eq 12.9% 13.2% % Active 12.9% 13.2% % Passive 0.0% 0.0% International Fixed 2.0% 7.1% % Active 2.0% 7.1% % Passive 0.0% 0.0% Other* 22.7% 12.2% Calendar Year Return 15.4% 12.7% Asset Allocation Breakdown *Includes L/S Equity 6 Police Retirement System 2009 2010 CUSTODY FEES: Custodian: Mellon Trust Custody Fee $ 94,873 $ 98,285 Securities Lending Income $ ( 143,737) $ ( 86,541) Commission Recapture $ - $ - BPS BPS Assets as of 12/31/2010 (000's) Mellon Capital Large Cap Index $ 69,059 2 $ 83,168 2 $ 342,497 State Street Large Cap Index Plus $ - - - - $ - Boston Partners Small Cap Value $ 395,494 50 $ 623,691 66 $ 94,386 Martingale Small Cap Growth $ 266,196 48 $ 432,495 62 $ 70,096 Mondrian (Delaware) International Equity $ 393,999 45 $ 429,152 47 $ 90,916 Artio (Julius Baer) International Equity $ 433,374 54 $ 469,393 54 $ 87,446 Agincourt Core Bond $ 270,066 20 $ 280,598 19 $ 148,173 Oaktree Capital Fixed Income $ 481,531 53 $ 351,356 34 $ 104,797 Fischer Francis Global Fixed $ - - $ 27,433 - $ 5,324 Loomis Sayles Global Fixed $ 254,192 33 $ 283,793 33 $ 85,711 Cash Account Cash $ - - $ - - $ 51,238 Sub-Total $ 2,563,911 27 $ 2,981,078 28 $ 1,080,584 Special Strategies Columbus Square Real Estate $ 17,677 51 $ 17,542 51 $ 3,470 JP Morgan Real Estate $ 369,743 109 $ 357,898 94 $ 38,171 Attalus Long/Short Equity $ 715,604 96 $ 739,326 97 $ 76,342 Grosvenor Long/Short Equity $ 1,282,756 80 $ 1,351,102 79 $ 171,769 Pequot Long/Short Equity $ 1,282,756 1118 - - $ 12,145 Mount Lucas Peak Partners Hedge Fund $ 295,589 98 $ 301,797 92 $ 32,966 PAAMCO Hedge Fund $ 1,227,435 84 $ 1,359,383 87 $ 156,154 Arsenal I & II Private Equity $ 174,903 190 $ 167,249 103 $ 16,309 Calera Partners (Fremont) III & IV Private Equity $ 127,663 162 $ 123,113 229 $ 5,379 Hicks, Muse, Tate & Furst Private Equity $ - - - - $ 1,215 Lightspeed Venture Partners VI Private Equity $ 121,530 269 $ 95,519 - $ - Knightsbridge Private Equity $ 84,000 125 $ 84,000 108 $ 7,808 Lexington Private Equity $ 130,351 118 $ 118,146 86 $ 13,707 Marathon Fund IV & V (Goldner Hawn) Private Equity $ 13,609 12 $ 200,000 177 $ 11,278 First Mark II, III, & IV Private Equity $ 264,659 - $ 225,638 - $ - TCW/Crescent Mezzanine III & IV Private Equity $ 273,572 254 $ 233,503 286 $ 8,155 Weiss, Peck & Greer V & VI Private Equity $ 28,895 171 $ 16,088 27 $ 5,899 Accel Europe Private Equity $ 59,735 89 $ 50,532 61 $ 8,328 Levine Leichtman III & IV Private Equity $ 128,860 150 $ 264,691 391 $ 6,767 Oaktree Funds II, III, IV, V, VI, VIIA & VIIB Private Equity $ 331,223 160 $ 378,470 364 $ 10,410 Siguler Guff I, II & III Private Equity $ 438,615 96 $ 424,818 153 $ 27,761 Venture Lending & Leasing III Private Equity $ 17,772 246 $ 14,568 280 $ 521 Newstone Partners Private Equity $ 62,110 164 $ 42,044 101 $ 4,164 Warburg Pincus Private Equity $ 224,972 435 $ 182,504 195 $ 9,369 Thompson Street Private Equity $ 210,277 460 $ 153,693 167 $ 9,196 Sun Capital V Private Equity $ - - - - $ 5,379 Weathergage Private Equity $ 75,000 412 $ 75,000 240 $ 3,123 HM Sector Performance $ 173,882 253 $ 152,044 175 $ 8,675 Sub-Total $ 8,133,187 128 $ 7,128,669 109 $ 654,458 Total $ 10,697,097 $ 10,109,747 $ 1,735,043 INVESTMENT CONSULTANT: Asset Consulting Group $ 548,277 $ 586,319 TOTAL INVESTMENT FEES: $ 11,340,248 71 $ 10,794,351 62 OKLAHOMA POLICE PENSION & RETIREMENT SYSTEM 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 29.2% 43.3% % Active 8.5% 23.6% % Passive 20.7% 19.7% Domestic Fixed 14.3% 14.6% % Active 14.3% 14.6% % Passive 0.0% 0.0% International Eq 10.5% 10.3% % Active 10.5% 10.3% % Passive 0.0% 0.0% International Fxd 4.8% 4.9% % Active 4.8% 4.9% % Passive 0.0% 0.0% Other* 41.2% 27.1% Calendar Year Return 17.4% 11.7% *Includes L/S Equity Asset Allocation Breakdown 7 Law Enforcement Retirement System 2009 2010 CUSTODY FEES: Northern Trust Custody Fee $ 160,000 $ 101,000 Securities Lending $ ( 63,093) $ (93,107) Commission Recapture $ ( 41,053) $ (59,057) INVESTMENT MANAGERS: BPS BPS Assets as of 12/31/2010 (000's) Hotchkis & Wiley Large Cap Value $ 119,919 25 $ 144,809 27 $ 54,524 NTGI Large Cap Core & Bond Index $ 18,894 3 $ 49,814 3 $ 158,391 Chase/Waddell & Reed Large Cap Growth $ 191,225 45 $ 207,048 44 $ 47,027 Columbus Circle Small Cap Growth $ 62,621 13 $ 354,091 54 $ 65,701 Kennedy Capital Small Cap Value $ 424,184 76 $ 509,359 82 $ 62,021 Mondrian (Delaware) International Equity $ 149,453 56 $ 177,411 55 $ 32,033 Artio (Julius Baer) International Equity $ 126,775 54 $ 223,155 65 $ 34,077 TCW Core Bond $ 250,534 29 $ 261,606 25 $ 106,594 Grosvenor Hedge Fund $ - - - - $ 66,383 RREEF Real Estate $ 156,668 59 $ 293,159 96 $ 30,670 Colcord Center Real Estate $ - - $ 25,128 74 $ 3,408 American I & II Private Equity $ - - - $ 8,860 Knightsbridge VI & VII Private Equity $ - - - $ 10,905 Cash Account Cash $ - - $ 954 Sub-Total $ 1,965,765 32 $ 2,245,580 33 $ 681,546 INVESTMENT CONSULTANT: Asset Consulting Group $ 110,000 $ 110,000 TOTAL INVESTMENT FEES: $ 2,235,765 37 $ 2,456,580 36 OKLAHOMA LAW ENFORCEMENT RETIREMENT SYSTEM 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 42.7% 43.3% % Active 31.7% 33.7% % Passive 11.0% 9.6% Domestic Fixed 31.3% 29.3% % Active 14.3% 15.7% % Passive 17.0% 13.6% International Eq 8.3% 9.7% % Active 8.3% 9.7% % Passive 0.0% 0.0% Other 17.7% 17.7% Calendar Year Return 16.7% 15.1% Asset Allocation Breakdown 8 Judges & Justices Retirement System 2009 2010 CUSTODY FEES: Bankers Trust + Northern Trust Custody Fee* $ 1,305 $ 1 ,062 INVESTMENT MANAGERS: BPS BPS Assets as of 12/31/2010 (000's) BlackRock Russell 3000 Index All Cap Equity $ 4,573 - - - $ - BlackRock Russell 1000 Index Large Cap Equity $ 2,131 0 $ 5 ,530 1 $ 86,853 BlackRock Russell 2000 Index Small Cap Equity $ 1,902 1 $ 4 ,920 3 $ 15,943 BlackRock EAFE EAFE Index Provisional $ 9,585 - - - $ - Blackrock ACWI ex U.S. International Equity $ 6,745 1 $ 25,827 4 $ 58,634 Blackrock Core Bond $ 39,635 9 $ 3 8,324 10 $ 40,303 BlackRock US TIPs TIPs - - $ 7 63 - $ 7,742 Hoisington Long Bond $ 18,496 13 $ 1 4,667 17 $ 8,707 Metwest$ Core Bond $ 6,858 5 $ 44,349 20 $ 22,696 Cash Account Cash $ - - $ - 0 $ 314 Sub-Total $ 89,925 4 $ 1 34,381 6 $ 241,192 INVESTMENT CONSULTANT: Strategic Investment Solutions* $ 8,863 $ 5 ,836 TOTAL INVESTMENT FEES: $ 1 00,093 5 $ 141,279 6 $ Performance-based fee * Custody and Investment Consultant fees are shared with OPERS plan. Fees per plan are proportioned according to total plan assets. OKLAHOMA RETIREMENT SYSTEM FOR JUDGES AND JUSTICES 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 41.5% 42.7% % Active 0.0% 0.0% % Passive 41.5% 42.7% Domestic Fixed 32.6% 32.9% % Active 32.6% 32.9% % Passive 0.0% 0.0% International Eq 25.6% 24.3% % Active 0.0% 0.0% % Passive 25.6% 24.3% Other 0.3% 0.1% Calendar Year Return 20.5% 13.2% Asset Allocation Breakdown 9 Wildlife Retirement System 2009 2010 CUSTODY FEES: Bank of Oklahoma Custody Fee $ 6 ,664 $ 7,090 General Account Charges (Aetna) $ 1 0,775 $ 5,976 Sub-Total $ 1 7,439 $ 13,066 INVESTMENT MANAGER FEES Assets as of Bank of Oklahoma* BPS BPS 12/31/2010 (000's) Growth Equity $ 1 3,444 15 $ 14,454 15 $ 9 ,349 Core Equity $ 9 ,588 15 $ 12,060 16 $ 7 ,350 Value Equity $ 9 ,625 15 $ 13,810 17 $ 8,135 Small/Mid Cap Equity $ 8 ,808 18 $ 11,381 19 $ 5,994 International Equity $ 9 ,277 18 $ 10,772 25 $ 4,282 Core Fixed Income $ 5 2,408 18 $ 54,765 17 $ 3 1,471 MSCI BRIC - $ 1 85 International Emerging - $ 9 13 Multi-Cap $ 289 10 $ 2 86 Alternatives $ 1,572 8 $ 1 ,927 Cash Management $ - - $ - - $ 1,470 Sub-Total $ 1 03,150 16 $ 119,102 17 $ 71,363 TOTAL INVESTMENT FEES: $ 1 20,589 19 $ 132,168 19 *Effective 12/1/2005 Aeltus/ING was replaced by Bank of Oklahoma as the Investment Manager OKLAHOMA DEPARTMENT OF WILDLIFE 2009 % of Total Fund 2010 % of Total Fund Domestic Equity 42.3% 43.5% % Active 42.3% 43.5% % Passive 0.0% 0.0% Domestic Fixed 46.0% 44.1% % Active 46.0% 44.1% % Passive 0.0% 0.0% International Eq 7.9% 7.6% % Active 7.9% 7.6% % Passive 0.0% 0.0% Other 3.8% 4.8% Calendar Year Return 16.1% 10.6% Asset Allocation Breakdown 10 |
| Date created | 2011-06-29 |
| Date modified | 2011-10-27 |
