ADF Super delivers strong returns for military customers

Investment returns during 2018-19 have shown all of Commonwealth Superannuation Corporation’s (CSC) ADF Super investment options continue to exceed their return objectives for our military customers.

01 Dec 2020

CSC is pleased that over the past financial year customers in all three of its ADF Super investment options—MySuper Balanced, Aggressive and Income Focused—received some of the best investment returns across the industry, but the focus continues to be on delivering the long-term outcomes needed for our customers in retirement.

Using recently released SuperRatings data, CSC’s analysis of annual investment returns across the industry shows all three of CSC’s ADF Super options were placed in the top quartile of the industry. ADF Super MySuper Balanced delivered a 7.6 percent return for 2018-19; ADF Super Aggressive a 9.4 percent return; and ADF Super Income Focused a 6.9 percent return.

Australia is moving into a new phase of superannuation, where there are more customers drawing down on their super than those that are contributing.

CSC has long been focused on the importance of understanding our customers’ particular needs in retirement, their different health expenses, risk appetites and capacity to cope with variability in their retirement income.

CSC’s ADF Super MySuper Balanced fund investment objective of CPI plus 3.5 per cent per annum is specifically derived from understanding those needs and is consistent with supporting customers to receive an income in retirement at least equivalent to the Australian Superannuation Fund Association’s (ASFA) “comfortable standard” by the time they reach the age of 65. 

CSC’s investment approach reflects the needs of our customers and is not built to compete with other superannuation funds, who have different customers with different characteristics. CSC’s approach is built to ensure that our customers have the highest probability of achieving a comfortable retirement income, given their particular circumstances. CSC’s investment approach is based on a number of principles, which include:

  • Global best-practice investment governance and investment-risk management to support real-time decision making and innovation;
  • Prudent acquisition of high-quality assets with sustainable growth; and
  • Robust stewardship of our investments as active owners.

These principles have supported CSC’s capacity to successfully invest directly in new opportunities such as wind-farms, data centres, and hospitals.

Given the purpose of ADF Super’s balanced option, we expect that it will outperform peers in volatile and troubled market environments, as it did in the six months to December 2018, but under-perform them when markets are driven by a “herd mentality” rather than fundamentals. 

Over time-frames relevant to our customers, CSC expects this will accumulate to very competitive retirement outcomes.

CSC works to support all of our customers to think beyond investment returns. CSC encourages customers to take appropriate actions to maximise their retirement income by choosing an appropriate investment option, contribution rate, and insurance option, suitable for their specific circumstances. CSC is committed to ensuring every one of our customers has the information they need to retire comfortably.

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