Investment Disclosure

This page provides information on asset exposure.

This page provides information on asset exposure, current as at the below date. This is not the target asset allocation. You can refer to the relevant Investment Options and Risk, part of the PDS, for more information on target asset allocations.

Exposure by Investment Categories

This page provides information on investment exposure, current as at 30 June 2020.

PSSap MySuper Balanced's exposure by investment category is as follows:

Investment Categories Exposure ($m) Actual Target Range
Corporate Assets $7,631.4 61.8% (30-75%)
Inflation-Protected Assets $1,450.3 11.8% (5-25%)
Other Growth Assets $1,285.4 10.4% (0-30%)
Defensive Assets $1,966.8 16.0% (5-65%)
Total $12,333.9 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Exposure by Asset Class

PSSap MySuper Balanced's exposure to various asset classes are as follows:

Asset Class Exposure ($m) Actual
Corporate Assets
Domestic Equities $2,958.1 24.0%
International Equities $3,050.8 24.7%
Private Capital $840.7 6.8%
Corporate Bonds $781.8 6.3%
Inflation-Protected Assets
Real Assets - Property $946.8 7.7%
Real Assets - Infrastructure $503.5 4.1%
Other Growth Assets
Absolute Return $1,285.4 10.4%
Defensive Assets
Cash and Sovereign Bonds $1,966.8 16.0%
Total $12,333.9 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Exposure by Sector

Domestic Equities by Sector

PSSap MySuper Balanced's Domestic Equities exposure by sector is as follows:

Sector % Sector Exposure
Financials 27.8%
Materials 20.3%
Health Care 10.6%
Consumer Discretionary 8.8%
Industrials 7.8%
Real Estate 5.7%
Energy 5.4%
Consumer Staples 5.3%
Communication Services 4.5%
Information Technology 2.6%
Utilities 1.2%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Domestic Equities Holdings

PSSap MySuper Balanced's largest domestic equities holdings are as follows:

Company Sector Exposure ($m) % of Asset Class
BHP GROUP LTD Materials $202.1 6.8%
COMMONWEALTH BANK OF AUSTRALIA Financials $193.0 6.5%
CSL Health Care $190.3 6.4%
WESTPAC BANKING CORPORATION Financials $134.2 4.5%
WESFARMERS LTD Consumer Discretionary $105.7 3.6%
NATIONAL AUSTRALIA BANK Financials $91.9 3.1%
AUSTRALIA & NEW ZEALAND BANK GROUP Financials $88.8 3.0%
MACQUARIE GROUP LIMITED Financials $77.8 2.6%
RIO TINTO LIMITED Materials $77.6 2.6%
WOOLWORTHS GROUP LIMITED Consumer Staples $70.2 2.4%
TELSTRA CORPORATION LTD Communication Services $66.6 2.2%
TRANSURBAN GROUP Industrials $52.5 1.8%
ARISTOCRAT LEISURE Consumer Discretionary $44.9 1.5%
AMPOL LTD Energy $42.3 1.4%
NEWCREST MINING Materials $38.5 1.3%
WOODSIDE PETE LTD Energy $36.6 1.2%
ORIGIN ENERGY LTD Energy $32.7 1.1%
SUNCORP GROUP LIMITED Financials $31.9 1.1%
COLES GROUP LTD Consumer Staples $31.7 1.1%
JB HI-FI Consumer Discretionary $30.3 1.0%
QBE INSURANCE GROUP Financials $28.4 1.0%
BRAMBLES LTD Industrials $27.1 0.9%
QANTAS AIRWAYS Industrials $26.5 0.9%
INSURANCE AUSTRALIA GROUP Financials $25.4 0.9%
MINERAL RESOURCES LTD Materials $25.2 0.9%
ASX LTD Financials $24.7 0.8%
SCENTRE GROUP LIMITED Real Estate $24.6 0.8%
FORTESCUE METALS GROUP LTD Materials $23.4 0.8%
SARACEN MINERAL HOLDINGS Materials $22.1 0.7%
MEDIBANK PRIVATE LIMITED Financials $22.0 0.7%
LENDLEASE CORPORATION LIMITED Real Estate $20.8 0.7%
JAMES HARDIE INDUSTRIES PLC Materials $20.4 0.7%
RESMED INC Health Care $19.8 0.7%
SOUTH32 LTD Materials $19.6 0.7%
JANUS HENDERSON GROUP PLC Financials $19.3 0.7%
GPT GROUP Real Estate $19.1 0.6%
GOODMAN GROUP Real Estate $17.5 0.6%
AGL ENERGY Utilities $16.6 0.6%
AMCOR LIMITED Materials $16.3 0.6%
NORTHERN STAR RESOURCES LTD Materials $16.3 0.6%
SONIC HEALTHCARE Health Care $15.7 0.5%
VICINITY CENTRES Real Estate $15.3 0.5%
ATLAS ARTERIA Industrials $15.2 0.5%
PREMIER INVESTMENTS Consumer Discretionary $15.2 0.5%
APA GROUP Utilities $15.1 0.5%
ANSELL Health Care $15.0 0.5%
FISHER & PAYKEL HEALTHCARE CORP Health Care $14.9 0.5%
SYDNEY AIRPORT CORPORATION LTD Industrials $14.8 0.5%
COCHLEAR LTD Health Care $14.5 0.5%
RAMSAY HEALTH CARE Health Care $14.5 0.5%
CLEANAWAY WASTE MANAGEMENT LTD Industrials $13.8 0.5%
THE A2 MILK COMPANY LTD Consumer Staples $12.8 0.4%
AURIZON HOLDINGS LIMITED Industrials $12.7 0.4%
XERO LIMITED Information Technology $12.1 0.4%
MAGELLAN FINANCIAL GROUP LTD Financials $11.8 0.4%
OIL SEARCH LTD Energy $11.7 0.4%
AFTERPAY LTD Information Technology $11.6 0.4%
STOCKLAND Real Estate $11.1 0.4%
SILVER LAKE RESOURCES LIMITED Materials $10.9 0.4%
TREASURY WINE ESTATES LTD Consumer Staples $10.8 0.4%
CHARTER HALL GROUP Real Estate $10.7 0.4%
ORICA Materials $10.5 0.4%
SANTOS LIMITED Energy $10.4 0.4%
CHORUS LTD Communication Services $10.1 0.3%
MIRVAC GROUP Real Estate $10.0 0.3%
BLUESCOPE STEEL LTD Materials $9.9 0.3%
CARSALES.COM LTD Communication Services $9.5 0.3%
NEXTDC LTD Information Technology $9.3 0.3%
SEVEN GROUP HLDGS LTD Industrials $9.1 0.3%
QUBE HOLDINGS LIMITED Industrials $9.1 0.3%
SEEK LIMITED Communication Services $8.9 0.3%
IRESS LIMITED Information Technology $8.6 0.3%
ILUKA RESOURCES Materials $8.2 0.3%
DEXUS PROPERTY GROUP Real Estate $8.2 0.3%
EVOLUTION MINING LTD Materials $8.0 0.3%
TABCORP HOLDINGS LIMITED Consumer Discretionary $7.9 0.3%
COMPUTERSHARE LTD Information Technology $7.9 0.3%
TPG TELECOM LTD. Communication Services $7.7 0.3%
COCA-COLA AMATIL LTD Consumer Staples $7.5 0.3%
BRICKWORKS Materials $7.5 0.3%
ALS LIMITED Industrials $7.3 0.2%
CHARTER HALL LONG WALE REIT Real Estate $7.1 0.2%
IPH LTD Industrials $7.0 0.2%
ORORA LTD Materials $6.9 0.2%
ALTIUM LTD Information Technology $6.7 0.2%
DOWNER EDI LTD Industrials $6.7 0.2%
DOMINOS PIZZA ENTERPRISES LIMITED Consumer Discretionary $6.7 0.2%
BAPCOR LTD Consumer Discretionary $6.6 0.2%
REA GROUP LIMITED Communication Services $6.6 0.2%
VIVA ENERGY GROUP LTD Energy $6.6 0.2%
OZ MINERALS LTD Materials $6.5 0.2%
VOCUS GROUP LTD Communication Services $6.5 0.2%
WAYPOINT REIT Real Estate $6.4 0.2%
REECE LIMITED Industrials $6.1 0.2%
ALACER GOLD CORPORATION Materials $5.7 0.2%
SPARK NEW ZEALAND LTD Communication Services $5.4 0.2%
THE STAR ENTERTAINMENT GROUP LTD Consumer Discretionary $5.3 0.2%
WORLEY LIMITED Energy $5.3 0.2%
BANK OF QUEENSLAND LIMITED Financials $5.1 0.2%
STEADFAST GROUP LIMITED Financials $5.0 0.2%

Note: All disclosures are based the investment holdings information held by our custodian.

International Equities by Sector

PSSap MySuper Balanced's International Equities exposure by sector is as follows:

Sector % Sector Exposure
Information Technology 22.4%
Consumer Discretionary 21.2%
Communication Services 10.9%
Financials 10.8%
Health Care 7.9%
Consumer Staples 6.9%
Industrials 6.5%
Materials 4.4%
Energy 3.5%
Real Estate 3.1%
Utilities 2.4%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

International Equities by Region

PSSap MySuper Balanced's International Equities exposure by region is as follows:

Region % Sector Exposure
United States 43.6%
Asia Excluding Japan 35.8%
Europe 11.3%
Japan 4.7%
United Kingdom 4.0%
Emerging Markets Ex-Asia 0.6%
Australia 0.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest International Equities Holdings

PSSap MySuper Balanced's largest international equities holdings are as follows:

Company Sector Region Exposure ($m) % of Asset Class
TENCENT HOLDINGS LIMITED Communication Services Asia Excluding Japan $137.3 4.5%
ALIBABA GROUP HOLDING LTD Consumer Discretionary Asia Excluding Japan $118.3 3.9%
SAMSUNG ELECTRONICS CO Information Technology Asia Excluding Japan $96.5 3.2%
MICROSOFT CORP Information Technology United States $88.3 2.9%
TAIWAN SEMICONDUCTOR MANUFACTURING Information Technology Asia Excluding Japan $71.3 2.3%
AIA GROUP LIMITED Financials Asia Excluding Japan $68.4 2.2%
ALPHABET INC Communication Services United States $58.2 1.9%
LG CHEMICAL Materials Asia Excluding Japan $53.5 1.8%
FACEBOOK INC Communication Services United States $51.4 1.7%
CHINA INTERNATIONAL Consumer Discretionary Asia Excluding Japan $51.4 1.7%
RELIANCE INDUSTRIES LTD Energy Asia Excluding Japan $44.8 1.5%
APPLE INC Information Technology United States $38.9 1.3%
AMAZON COM INC Consumer Discretionary United States $36.3 1.2%
MIDEA GROUP Consumer Discretionary Asia Excluding Japan $35.3 1.2%
HUAZHU GROUP ADR Consumer Discretionary United States $34.5 1.1%
SK HYNIX INC Information Technology Asia Excluding Japan $32.6 1.1%
JD COM INC Consumer Discretionary United States $29.4 1.0%
KINGSOFT CORP LTD Information Technology Asia Excluding Japan $29.3 1.0%
YUM CHINA HLDGS INC Consumer Discretionary United States $29.2 1.0%
SUNNY OPTICAL TECH Information Technology Asia Excluding Japan $28.9 0.9%
CP ALL PCL Consumer Staples Asia Excluding Japan $27.5 0.9%
ROCHE HOLDINGS AG Health Care Europe $26.9 0.9%
VIETNAM ENTERPRISE Financials United Kingdom $26.5 0.9%
ANTA SPORTS PRODUCTS Consumer Discretionary Asia Excluding Japan $25.7 0.8%
VISA INC Information Technology United States $25.5 0.8%
LARGAN PRECISION Information Technology Asia Excluding Japan $24.8 0.8%
HANG LUNG PROPERTIES (HLP) Real Estate Asia Excluding Japan $24.7 0.8%
NOVARTIS AG Health Care Europe $24.2 0.8%
FOCUS MEDIA INFO TEC Communication Services Asia Excluding Japan $24.0 0.8%
NESTLE SA Consumer Staples Europe $24.0 0.8%
RECKITT BENCKISER GROUP PLC Consumer Staples United Kingdom $24.0 0.8%
INNER MONGOLIA YILI Consumer Staples Asia Excluding Japan $23.7 0.8%
MARUTI SUZUKI Consumer Discretionary Asia Excluding Japan $23.7 0.8%
MEITUAN DIANPING Consumer Discretionary Asia Excluding Japan $23.1 0.8%
HDFC BANK LTD Financials Asia Excluding Japan $23.0 0.8%
STARBUCKS CORP Consumer Discretionary United States $22.4 0.7%
SANOFI Health Care Europe $22.1 0.7%
SAP SE Information Technology Europe $21.8 0.7%
PEPSICO INC Consumer Staples United States $21.5 0.7%
LI NING CO LTD Consumer Discretionary Asia Excluding Japan $21.5 0.7%
MELCO RESORTS & ENTMT LTD Consumer Discretionary United States $21.2 0.7%
MASTERCARD INC Information Technology United States $20.9 0.7%
CROWN CASTLE INTL CORP NEW Real Estate United States $20.7 0.7%
TRIP COM GROUP LTD Consumer Discretionary United States $20.4 0.7%
ZTO EXPRESS CAYMAN INC Industrials United States $20.0 0.7%
CITIGROUP GLOBAL MARKETS HLDGS INC Financials United Kingdom $19.7 0.6%
CHINA JINMAO HOLDING Real Estate Asia Excluding Japan $19.5 0.6%
XCEL ENERGY INC Utilities United States $18.1 0.6%
KWEICHOW MOUTAI CO Consumer Staples Asia Excluding Japan $17.7 0.6%
EVERSOURCE ENERGY Utilities United States $17.2 0.6%
COUNTRY GARDEN Industrials Asia Excluding Japan $16.5 0.5%
CHENIERE ENERGY INC Energy United States $16.2 0.5%
GENERAL ELEC CO Industrials United States $15.9 0.5%
MERCK & CO INC NEW Health Care United States $15.6 0.5%
PING AN INSURANCE Financials Asia Excluding Japan $14.7 0.5%
WEC ENERGY GROUP INC Utilities United States $14.7 0.5%
AMADEUS IT GROUP SA Information Technology Europe $14.1 0.5%
NEXI SPA Information Technology Europe $14.1 0.5%
YUM BRANDS INC Consumer Discretionary United States $14.0 0.5%
MICRON TECHNOLOGY INC Information Technology United States $13.7 0.4%
INNOVENT BIOLOGICS Health Care Asia Excluding Japan $13.6 0.4%
MCDONALDS CORP Consumer Discretionary United States $13.2 0.4%
SERVICENOW INC Information Technology United States $13.1 0.4%
GILEAD SCIENCES INC Health Care United States $13.0 0.4%
GLENCORE PLC Materials United Kingdom $13.0 0.4%
TOYOTA MOTOR CORP Consumer Discretionary Japan $12.9 0.4%
INTEL CORP Information Technology United States $12.7 0.4%
BOOKING HLDGS INC Consumer Discretionary United States $12.6 0.4%
BARRICK GOLD CORP Materials United States $12.5 0.4%
COCA COLA CO Consumer Staples United States $12.2 0.4%
PING AN INSURANCE(GROUP)CO.OF CHINA Financials Asia Excluding Japan $11.7 0.4%
MOMO INC Communication Services United States $11.4 0.4%
NOAH HOLDINGS LTD Financials United States $11.4 0.4%
GALAXY ENTERTAINMENT GROUP LIMITED Consumer Discretionary Asia Excluding Japan $11.3 0.4%
BAYERISCHE MOTOREN WERKE AG Consumer Discretionary Europe $11.3 0.4%
TAKEDA PHARMACEUTICAL CO LTD Health Care Japan $11.0 0.4%
LVMH MOET HENNESSY VUITTON SE Consumer Discretionary Europe $10.9 0.4%
DUPONT Industrials United States $10.8 0.4%
AUTODESK INC Information Technology United States $10.7 0.4%
MINEBEA CO Industrials Japan $10.7 0.4%
MICROCHIP TECHNOLOGY INC Information Technology United States $10.6 0.3%
KB FINANCIAL GROUP INC Financials Asia Excluding Japan $10.0 0.3%
CAPITAL ONE FINL CORP Financials United States $10.0 0.3%
CHINA OVERSEAS LAND & INVESTMNTS Real Estate Asia Excluding Japan $10.0 0.3%
ESTEE LAUDER COMPANIES INC Consumer Staples United States $9.7 0.3%
ING GROEP N.V. Financials Europe $9.7 0.3%
BAIDU INC Communication Services United States $9.0 0.3%
NITTO DENKO CORP Materials Japan $8.9 0.3%
VOLKSWAGEN AG Consumer Discretionary Europe $8.8 0.3%
TRANSDIGM GROUP INC Industrials United States $8.7 0.3%
LOWES COS INC Consumer Discretionary United States $8.6 0.3%
TECHNI CN Energy United States $8.5 0.3%
HONDA MOTOR CO Consumer Discretionary Japan $8.5 0.3%
SUMCO CORPORATION Information Technology Japan $8.2 0.3%
MEDTRONIC HLDG LTD Health Care United States $8.1 0.3%
ENVESTNET Financials United States $8.1 0.3%
BAYER AG Health Care Europe $8.0 0.3%
JOHNSON & JOHNSON Health Care United States $8.0 0.3%
NETFLIX INC Communication Services United States $7.9 0.3%
KT CORPORATION Communication Services Asia Excluding Japan $7.9 0.3%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital by Strategy

PSSap MySuper Balanced's Private Capital exposure by strategy is as follows:

Strategy % Sector Exposure
Buyout 65.6%
Venture Capital 19.2%
Co-Investment 8.5%
Special Situations 4.7%
Real Assets 1.9%
Debt 0.1%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital by Region

PSSap MySuper Balanced's Private Capital exposure by region is as follows:

Region % Sector Exposure
Asia 27.3%
United States 27.0%
Global 20.4%
Australia 13.8%
Europe 11.5%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital Investments by Strategy and Region

PSSap MySuper Balanced's private capital exposures are as follows:

Strategy Asia United States Global Australia Europe Total ($m) % of Asset Class
Buyout $200.6 $123.5 $67.5 $73.0 $87.2 $551.8 65.6%
Venture Capital $9.7 $89.0 $35.5 $27.2 - $161.4 19.2%
Co-Investment $7.6 - $64.0 - - $71.6 8.5%
Special Situations - $13.8 - $16.0 $9.3 $39.1 4.7%
Real Assets $10.8 $0.5 $4.5 - $0.5 $16.3 1.9%
Debt $0.5 - - - - $0.5 0.1%
Total Exposure ($m) $229.2 $226.8 $171.5 $116.2 $97.0 $840.7 100.0%
Total (% of Sector) 27.3% 27.0% 20.4% 13.8% 11.5% 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Corporate Bonds by Region

PSSap MySuper Balanced's Corporate Bonds exposure by region is as follows:

Region % Sector Exposure
United States 41.0%
Emerging Markets Ex-Asia 20.4%
Europe 17.9%
Asia Excluding Japan 15.3%
United Kingdom 4.9%
Japan 0.4%
Australia 0.1%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Corporate Bonds Holdings

PSSap MySuper Balanced's largest corporate bond holdings are as follows:

Company Region Exposure ($m) % of Asset Class
BANK AMER CORP United States $11.2 1.4%
AT&T INC United States $9.9 1.3%
VERIZON COMMUNICATIONS INC United States $7.8 1.0%
MORGAN STANLEY United States $7.7 1.0%
BANCO SANTANDER SA Europe $6.9 0.9%
CITIGROUP INC United States $6.5 0.8%
GOLDMAN SACHS GROUP INC United States $6.4 0.8%
FIDELITY NATL INFORMATION SVCS INC United States $5.8 0.7%
JPMORGAN CHASE & CO United States $5.6 0.7%
VIACOMCBS INC United States $5.1 0.7%
CREDIT SUISSE GROUP Europe $5.1 0.6%
CVS HEALTH CORP United States $5.0 0.6%
IM CEDULAS 7 FTA Europe $4.8 0.6%
CREDIT AGRICOLE HOME LOAN SFH Europe $4.8 0.6%
ENGIE Europe $4.5 0.6%
COMPAGNIE DE ST-GOBAIN Europe $4.5 0.6%
BANCO DE BOGOTA SA Emerging Markets Ex-Asia $4.4 0.6%
RECKITT BENCKISER TREASURY SERVICES United Kingdom $4.2 0.5%
T-MOBILE USA INC United States $4.0 0.5%
EMIRATE OF ABU DHABI Emerging Markets Ex-Asia $4.0 0.5%
CHARTER COMMUNICATIONS OPER LLC / CHARTE United States $3.9 0.5%
MPLX LP United States $3.8 0.5%
TEVA PHARMACEUTICAL FIN NETH III B V Emerging Markets Ex-Asia $3.8 0.5%
MICROSOFT CORP United States $3.8 0.5%
GLOBO COMMUNICACOES E PARTICIPACOES Emerging Markets Ex-Asia $3.8 0.5%
TIMES CHINA HOLDINGS LTD Asia Excluding Japan $3.8 0.5%
ANGLO AMERN CAP PLC Emerging Markets Ex-Asia $3.8 0.5%
ABERTIS INFRAESTRUCTURAS Europe $3.7 0.5%
SPAIN(KINGDOM OF) Europe $3.7 0.5%
E.ON SE Europe $3.7 0.5%
SHIMAO PROPERTY HOLDINGS LIMITED Asia Excluding Japan $3.7 0.5%
CIFI HOLDINGS GROUP CO LIMITED Asia Excluding Japan $3.6 0.5%
VIRGIN MEDIA VENDOR FING NTS III United Kingdom $3.6 0.5%
BOSTON SCIENTIFIC CORP United States $3.6 0.5%
BECTON DICKINSON & CO United States $3.6 0.5%
COX COMMUNICATIONS INC NEW United States $3.5 0.4%
BANGKOK BANK PUBLIC CO (HONG KONG) Asia Excluding Japan $3.5 0.4%
FIRSTENERGY CORP United States $3.4 0.4%
AMERICAN TOWER CORP NEW United States $3.4 0.4%
ORACLE CORP United States $3.4 0.4%
MONG DUONG FIN HLDGS B V Asia Excluding Japan $3.4 0.4%
EQUINIX INC United States $3.4 0.4%
ICTSI TREASURY B.V. Asia Excluding Japan $3.4 0.4%
QATAR(STATE OF) Emerging Markets Ex-Asia $3.4 0.4%
MONDELEZ INTL INC United States $3.3 0.4%
C&W SENIOR FINANCING DAC United Kingdom $3.3 0.4%
LINDE FINANCE BV United Kingdom $3.3 0.4%
MSCI INC United States $3.3 0.4%
HEINEKEN NV Europe $3.2 0.4%
UNION PAC CORP United States $3.2 0.4%
EGYPT(ARAB REPUBLIC OF) Emerging Markets Ex-Asia $3.2 0.4%
COUNTRY GARDEN HLDGS CO LTD Asia Excluding Japan $3.2 0.4%
FOX CORP United States $3.2 0.4%
SYSCO CORP United States $3.1 0.4%
SOUTHERN CO United States $3.1 0.4%
YANLORD LAND HK CO LTD Asia Excluding Japan $3.1 0.4%
GLOBAL PMTS INC United States $3.1 0.4%
CHINA EVERGRANDE GROUP Asia Excluding Japan $3.1 0.4%
AES GENER S A Emerging Markets Ex-Asia $3.0 0.4%
BANQUE POPULAIRE CAISSE D'EPARGNE Europe $3.0 0.4%
VIVENDI SA Europe $2.9 0.4%
CONTROLADORA MABE S A DE C V Emerging Markets Ex-Asia $2.9 0.4%
CHINA OIL AND GAS GROUP LIMITED Asia Excluding Japan $2.9 0.4%
DISCOVERY COMMUNICATIONS LLC United States $2.9 0.4%
ADANI PORT AND SPECIAL ECONOMIC ZON Asia Excluding Japan $2.8 0.4%
HEALTH & HAPPINESS (H&H) INTL HLDGS Asia Excluding Japan $2.8 0.4%
TAKEDA PHARMACEUTICAL CO LTD Japan $2.8 0.4%
AIRBUS SE Europe $2.8 0.4%
CREDIT MUTUEL HOME LOAN SFH Europe $2.8 0.4%
TELFON CELUAR DEL PARAGUAY Emerging Markets Ex-Asia $2.8 0.4%
ABJA INVESTMENT CO PTE Asia Excluding Japan $2.8 0.4%
ABN AMRO BANK N.V. Europe $2.7 0.4%
CROATIA(REPUBLIC OF) Europe $2.7 0.3%
VEOLIA ENVIRONNEMENT Europe $2.7 0.3%
WELLS FARGO & COMPANY United States $2.7 0.3%
ICL GROUP LTD Emerging Markets Ex-Asia $2.7 0.3%
GOHL CAPITAL LIMITED Asia Excluding Japan $2.7 0.3%
CAPITAL ONE FINL CORP United States $2.7 0.3%
COMCAST CORP NEW United States $2.7 0.3%
ACWA PWR MGMT & INVTS ONE LTD Emerging Markets Ex-Asia $2.7 0.3%
KAISA GROUP HOLDINGS LIMITED Asia Excluding Japan $2.6 0.3%
ONEMAIN FINL ISSUANCE TR 2018-1 United States $2.6 0.3%
ORANGE Europe $2.6 0.3%
STATE OF ISRAEL Emerging Markets Ex-Asia $2.6 0.3%
WTT INVT LTD Asia Excluding Japan $2.6 0.3%
STANDARD BANK (BANGLADESH) Emerging Markets Ex-Asia $2.6 0.3%
AMGEN INC United States $2.5 0.3%
CEMEX SAB DE CV Emerging Markets Ex-Asia $2.5 0.3%
HYUNDAI CAP AMER MEDIUM TERM NTS BOOK EN United States $2.5 0.3%
DANSKE BANK A/S Europe $2.5 0.3%
NOKIA OYJ Europe $2.5 0.3%
TOWER BERSAMA INFRASTRUCTURE TBK Asia Excluding Japan $2.5 0.3%
VOLKSWAGEN LEASING GMBH Europe $2.4 0.3%
BBVA BANCOMER SA Emerging Markets Ex-Asia $2.4 0.3%
EMIRATES NBD BANK PJSC Emerging Markets Ex-Asia $2.4 0.3%
MERCK & CO INC NEW United States $2.4 0.3%
BRASKEM FINANCE LTD Emerging Markets Ex-Asia $2.4 0.3%
VM HOLDING SA Emerging Markets Ex-Asia $2.4 0.3%
RAIL CAPITAL MARKETS PLC Emerging Markets Ex-Asia $2.4 0.3%
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM United States $2.4 0.3%

Note: All disclosures are based the investment holdings information held by our custodian.

Note 2: Corporate Bond mandates may provide the manager with discretion to hold Sovereign Bonds.

Real Assets - Property by Sector

PSSap MySuper Balanced's Property exposure by sector is as follows:

Sector % Sector Exposure
Office 71.2%
Retail 24.5%
Industrial 4.3%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Property Assets

PSSap MySuper Balanced's property holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 500m $526.3 55.6%
Indooroopilly Shopping Centre, Brisbane Retail
101 Collins Street, Melbourne Office
Between AUD 100m to AUD 500m $390.9 41.3%
QV.1, Perth Office
Grosvenor Place, Sydney Office
1 Chifley Square, Sydney Office
Pooled Investment Vehicles Diversified
Under AUD 100m $29.6 3.1%
City Close Industrial Estate, Alexandria Industrial
Riverside Centre, Rosehill Industrial

Note: All disclosures are based the investment holdings information held by our custodian.

Real Assets - Infrastructure by Sector

PSSap MySuper Balanced's Infrastructure exposure by sector is as follows:

Sector % Sector Exposure
Telecommunications 38.4%
Energy and Renewables 27.5%
Diversified 19.2%
Transport 10.1%
Social 4.8%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Infrastructure Assets

PSSap MySuper Balanced's infrastructure holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 100m $355.9 70.7%
Canberra Data Centre Telecommunications
Macarthur Windfarm Energy and Renewables
Pooled Investment Vehicles Energy and Renewables
Pooled Investment Vehicle Diversified
Under AUD 100m $147.6 29.3%
Mater Hospital Social
UOW Student Accommodation Social
Kacific Telecommunications
Flow Systems Energy and Renewables
Enbridge Energy and Renewables
Zurich Airport Transport
Eurotunnel Transport
Malaysia Airport Transport
Williams Companies Energy and Renewables
Ferrovial Transport
Innergex Energy and Renewables
Galileo Energy and Renewables
Pooled Investment Vehicles Diversified
Pooled Investment Vehicle Transport

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Strategy

PSSap MySuper Balanced's Absolute Return exposure by strategy is as follows:

Strategy % Sector Exposure
Equity Long Short 28.8%
Macro 25.4%
Multi-Strategy 20.3%
Credit 14.8%
Event Driven 10.7%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Region

PSSap MySuper Balanced's Absolute Return exposure by region is as follows:

Region % Sector Exposure
Global 84.9%
Emerging Markets 14.9%
United States 0.2%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Strategy and Region

PSSap MySuper Balanced's absolute return exposures are as follows:

Strategy Global Emerging Markets United States Total ($m) % of Asset Class
Equity Long Short $369.6 - - $369.6 28.8%
Macro $135.2 $192.1 - $327.3 25.4%
Multi-Strategy $260.6 - - $260.6 20.3%
Credit $188.3 - $2.0 $190.3 14.8%
Event Driven $137.6 - - $137.6 10.7%
Total Exposure ($m) $1,091.3 $192.1 $2.0 $1,285.4 100.0%
Total (% of Sector) 84.9% 14.9% 0.2% 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Cash holdings

PSSap MySuper Balanced's cash held is as follows:

Cash Holdings % Sector Exposure
Cash At Call 43.3%
Bank Deposits 35.9%
Other Short Term Investments 20.8%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Sovereign Bonds by Region

PSSap MySuper Balanced's Sovereign Bonds exposure by region is as follows:

Region % Sector Exposure
United States 57.4%
United Kingdom 15.7%
Emerging Markets Ex-Asia 12.2%
Europe 10.4%
Asia Excluding Japan 2.2%
Japan 1.6%
Australia 0.5%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Sovereign Bond Holdings

PSSap MySuper Balanced's largest sovereign bond holdings are as follows:

Sovereign issues Region Exposure ($m) % of Asset Class
UNITED STATES TREAS BDS United States $207.0 10.5%
UNITED KINGDOM(GOVERNMENT OF) United Kingdom $94.9 4.8%
UNITED STATES TREAS NTS United States $59.9 3.0%
TSY INFL IX N/B United States $29.0 1.5%
FRANCE(GOVT OF) Europe $25.6 1.3%
ITALY(REPUBLIC OF) Europe $19.0 1.0%
UNITED STATES OF AMER TREAS BONDS United States $18.5 0.9%
US TREASURY N/B United States $11.5 0.6%
UNITED STATES OF AMER TREAS NOTES United States $8.5 0.4%
JAPAN Japan $8.2 0.4%
GERMANY(FEDERAL REPUBLIC) Europe $7.7 0.4%
SPAIN(KINGDOM OF) Europe $6.9 0.4%
CANADA GOVT United States $5.2 0.3%
WI TREASURY SEC United States $4.2 0.2%
UKRAINE (REPUBLIC OF) Emerging Markets Ex-Asia $2.7 0.1%
PETROLEOS MEXICANOS Emerging Markets Ex-Asia $2.5 0.1%
QATAR(STATE OF) Emerging Markets Ex-Asia $2.4 0.1%
AUSTRALIA(COMMONWEALTH OF) Australia $2.3 0.1%
SAUDI ARABIA (KINGDOM OF) Emerging Markets Ex-Asia $2.3 0.1%
DOMINICAN REPUBLIC Emerging Markets Ex-Asia $2.1 0.1%
SWEDEN(KINGDOM OF) Europe $2.0 0.1%
FEDERAL REPUBLIC OF NIGERIA Emerging Markets Ex-Asia $1.8 0.1%
ARGENTINA(REPUBLIC OF) Emerging Markets Ex-Asia $1.7 0.1%
EGYPT(ARAB REPUBLIC OF) Emerging Markets Ex-Asia $1.7 0.1%
TURKEY REP Emerging Markets Ex-Asia $1.6 0.1%
REPUBLIC OF GHANA Emerging Markets Ex-Asia $1.6 0.1%
RUSSIAN FEDERATION MINISTRY FINANCE Emerging Markets Ex-Asia $1.5 0.1%
PANAMA REP Emerging Markets Ex-Asia $1.5 0.1%
REPUBLIC OF SRI LANKA Emerging Markets Ex-Asia $1.5 0.1%
OMAN (SULTANATE OF) Emerging Markets Ex-Asia $1.4 0.1%
NEW ZEALAND (GOVT) Asia Excluding Japan $1.4 0.1%
JAPAN GOVT CPI LINKED Japan $1.4 0.1%
REPUBLICA ORIENTAL DEL URUGUAY Emerging Markets Ex-Asia $1.4 0.1%
PERU REP Emerging Markets Ex-Asia $1.4 0.1%
COLOMBIA REP Emerging Markets Ex-Asia $1.3 0.1%
INDONESIA(REPUBLIC OF) Asia Excluding Japan $1.3 0.1%
COTE D'IVOIRE Emerging Markets Ex-Asia $1.2 0.1%
ECUADOR(REPUBLIC OF) Emerging Markets Ex-Asia $1.2 0.1%
BAHRAIN(KINGDOM OF) Emerging Markets Ex-Asia $1.2 0.1%
ROMANIA Emerging Markets Ex-Asia $1.2 0.1%
GAZ CAPITAL SA Emerging Markets Ex-Asia $1.1 0.1%
SOUTH AFRICA REP Emerging Markets Ex-Asia $1.1 0.1%
ESKOM HOLDINGS SOC LIMITED Emerging Markets Ex-Asia $1.1 0.1%
JAMAICA GOVT Emerging Markets Ex-Asia $1.0 0.0%
PHILIPPINES REP Asia Excluding Japan $1.0 0.0%
INDONESIA(REP OF) Asia Excluding Japan $1.0 0.0%
BRAZIL(FEDERATIVE REPUBLIC OF) Emerging Markets Ex-Asia $0.9 0.0%
IRAQ (REPUBLIC OF) Emerging Markets Ex-Asia $0.9 0.0%
ANGOLA (REPUBLIC OF) Emerging Markets Ex-Asia $0.8 0.0%
BRAZIL FEDERATIVE REP Emerging Markets Ex-Asia $0.8 0.0%
PAKISTAN(REPUBLIC OF) Emerging Markets Ex-Asia $0.8 0.0%
EL SALVADOR REP Emerging Markets Ex-Asia $0.8 0.0%
GOVERNMENT OF CANADA United States $0.8 0.0%
KENYA (REPUBLIC OF) Emerging Markets Ex-Asia $0.8 0.0%
PETRONAS CAPITAL LTD Asia Excluding Japan $0.8 0.0%
EMIRATE OF ABU DHABI Emerging Markets Ex-Asia $0.8 0.0%
1MDB ENERGY LTD Asia Excluding Japan $0.7 0.0%
KAZAKHSTAN(REPUBLIC OF) Emerging Markets Ex-Asia $0.7 0.0%
GABONESE (REPUBLIC OF) Emerging Markets Ex-Asia $0.7 0.0%
STATE OF ISRAEL Emerging Markets Ex-Asia $0.7 0.0%
INDONESIA ASAHAN ALUMINI Asia Excluding Japan $0.7 0.0%
HUNGARY REP Emerging Markets Ex-Asia $0.7 0.0%
COSTA-RICA(REPUBLIC OF) Emerging Markets Ex-Asia $0.7 0.0%
REPUBLIC OF ANGOLA Emerging Markets Ex-Asia $0.6 0.0%
UNITED MEXICAN STS MEDIUM TERM NTS BOOK Emerging Markets Ex-Asia $0.6 0.0%
DENMARK(KINGDOM OF) Europe $0.6 0.0%
AUSTRALIAN GOVT Australia $0.6 0.0%
OIL & GAS HOLDING CO Emerging Markets Ex-Asia $0.6 0.0%
SRI LANKA(REPUBLIC OF) Emerging Markets Ex-Asia $0.6 0.0%
JSC NATIONAL COMPANY KAZMUNAYGAS Emerging Markets Ex-Asia $0.6 0.0%
PERUSAHAAN PERSEROAN PERSERO PT PERUSAHA Asia Excluding Japan $0.6 0.0%
SINOPEC GRP OVERSEAS DEV Asia Excluding Japan $0.6 0.0%
CENTRAL BANK OF TUNISIA Emerging Markets Ex-Asia $0.5 0.0%
CNAC (HK) FINBRIDGE CO.LTD Asia Excluding Japan $0.5 0.0%
JORDAN(KINGDOM OF) Emerging Markets Ex-Asia $0.5 0.0%
KONDOR FINANCE PLC Emerging Markets Ex-Asia $0.5 0.0%
NEW ZEALAND GOVERNMENT Asia Excluding Japan $0.5 0.0%
EXPORT-IMPORT BANK OF INDIA Asia Excluding Japan $0.5 0.0%
CODELCO INC Emerging Markets Ex-Asia $0.5 0.0%
GTLK EUROPE CAPITAL DAC Emerging Markets Ex-Asia $0.5 0.0%
PETROBRAS GLOBAL FIN B V Emerging Markets Ex-Asia $0.5 0.0%
ZAMBIA(REPUBLIC OF) Emerging Markets Ex-Asia $0.5 0.0%
HONDURAS (REPUBLIC OF) Emerging Markets Ex-Asia $0.5 0.0%
SOUTHERN GAS CORRIDOR CJSC Emerging Markets Ex-Asia $0.5 0.0%
GUATEMALA BANCO DE GUATEMALA Emerging Markets Ex-Asia $0.5 0.0%
CROATIA(REPUBLIC OF) Europe $0.5 0.0%
BBVA BANCOMER SA Emerging Markets Ex-Asia $0.5 0.0%
PERTAMINA PT Asia Excluding Japan $0.5 0.0%
JBS INVESTMENTS GMBH United States $0.4 0.0%
SENEGAL (REPUBLIC OF) Emerging Markets Ex-Asia $0.4 0.0%
ARAB REPUBLIC OF EGYPT Emerging Markets Ex-Asia $0.4 0.0%
SERBIA (REPUBLIC) Emerging Markets Ex-Asia $0.4 0.0%
EXPORT CREDIT BANK OF TURKEY INC Emerging Markets Ex-Asia $0.4 0.0%
UKRAINE(REP OF) Emerging Markets Ex-Asia $0.4 0.0%
COLOMBIA(REP OF) Emerging Markets Ex-Asia $0.4 0.0%
HUNGARY (REPUBLIC OF) Emerging Markets Ex-Asia $0.4 0.0%
THE THIRD PAKISTAN INTL SUKUK Emerging Markets Ex-Asia $0.4 0.0%
LEBANON(REPUBLIC OF) Emerging Markets Ex-Asia $0.4 0.0%
AUSTRALIAN GOVERNMENT Australia $0.4 0.0%
PARAGUAY REP Emerging Markets Ex-Asia $0.4 0.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Note 2: Emerging Market Sovereign Bonds are more highly correlated to credit risk than sovereign risk and are therefore managed by the Fund in the context of its credit exposures (included here for completeness).

Note 3: Sovereign Bond mandates may provide the manager with discretion to hold Corporate Bonds.

Note 4: Sovereign Issues with repeated names reflect assets that have different underlying characteristics (e.g. maturity, type, etc.)

Exposure by Investment Categories

This page provides information on investment exposure, current as at 30 June 2020.

PSSap Aggressive's exposure by investment category is as follows:

Investment Categories Exposure ($m) Actual Target Range
Corporate Assets $1,151.1 74.1% (20-95%)
Inflation-Protected Assets $211.5 13.6% (0-50%)
Other Growth Assets $101.9 6.6% (0-70%)
Defensive Assets $89.6 5.7% (0-35%)
Total $1,554.1 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Exposure by Asset Class

PSSap Aggressive's exposure to various asset classes are as follows:

Asset Class Exposure ($m) Actual
Corporate Assets
Domestic Equities $397.1 25.6%
International Equities $465.4 29.9%
Private Capital $251.3 16.2%
Corporate Bonds $37.3 2.4%
Inflation-Protected Assets
Real Assets - Property $125.7 8.1%
Real Assets - Infrastructure $85.8 5.5%
Other Growth Assets
Absolute Return $101.9 6.6%
Defensive Assets
Cash and Sovereign Bonds $89.6 5.7%
Total $1,554.1 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Exposure by Sector

Domestic Equities by Sector

PSSap Aggressive's Domestic Equities exposure by sector is as follows:

Sector % Sector Exposure
Financials 27.8%
Materials 20.4%
Health Care 10.6%
Consumer Discretionary 8.7%
Industrials 7.8%
Real Estate 5.7%
Energy 5.4%
Consumer Staples 5.3%
Communication Services 4.5%
Information Technology 2.6%
Utilities 1.2%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Domestic Equities Holdings

PSSap Aggressive's largest domestic equities holdings are as follows:

Company Sector Exposure ($m) % of Asset Class
BHP GROUP LTD Materials $25.4 6.4%
COMMONWEALTH BANK OF AUSTRALIA Financials $24.3 6.1%
CSL Health Care $23.9 6.0%
WESTPAC BANKING CORPORATION Financials $16.9 4.2%
WESFARMERS LTD Consumer Discretionary $13.3 3.3%
NATIONAL AUSTRALIA BANK Financials $11.6 2.9%
AUSTRALIA & NEW ZEALAND BANK GROUP Financials $11.2 2.8%
MACQUARIE GROUP LIMITED Financials $9.8 2.5%
RIO TINTO LIMITED Materials $9.7 2.5%
WOOLWORTHS GROUP LIMITED Consumer Staples $8.8 2.2%
TELSTRA CORPORATION LTD Communication Services $8.4 2.1%
TRANSURBAN GROUP Industrials $6.6 1.7%
ARISTOCRAT LEISURE Consumer Discretionary $5.6 1.4%
AMPOL LTD Energy $5.3 1.3%
NEWCREST MINING Materials $5.0 1.3%
WOODSIDE PETE LTD Energy $4.6 1.2%
ORIGIN ENERGY LTD Energy $4.1 1.0%
SUNCORP GROUP LIMITED Financials $4.0 1.0%
COLES GROUP LTD Consumer Staples $4.0 1.0%
JB HI-FI Consumer Discretionary $3.8 1.0%
QBE INSURANCE GROUP Financials $3.6 0.9%
BRAMBLES LTD Industrials $3.4 0.9%
QANTAS AIRWAYS Industrials $3.3 0.8%
INSURANCE AUSTRALIA GROUP Financials $3.2 0.8%
MINERAL RESOURCES LTD Materials $3.2 0.8%
ASX LTD Financials $3.1 0.8%
SCENTRE GROUP LIMITED Real Estate $3.1 0.8%
FORTESCUE METALS GROUP LTD Materials $2.9 0.7%
SARACEN MINERAL HOLDINGS Materials $2.8 0.7%
MEDIBANK PRIVATE LIMITED Financials $2.8 0.7%
LENDLEASE CORPORATION LIMITED Real Estate $2.6 0.7%
JAMES HARDIE INDUSTRIES PLC Materials $2.6 0.6%
RESMED INC Health Care $2.5 0.6%
SOUTH32 LTD Materials $2.5 0.6%
JANUS HENDERSON GROUP PLC Financials $2.4 0.6%
GPT GROUP Real Estate $2.4 0.6%
GOODMAN GROUP Real Estate $2.2 0.6%
AGL ENERGY Utilities $2.1 0.5%
AMCOR LIMITED Materials $2.1 0.5%
NORTHERN STAR RESOURCES LTD Materials $2.1 0.5%
SONIC HEALTHCARE Health Care $2.0 0.5%
VICINITY CENTRES Real Estate $1.9 0.5%
ATLAS ARTERIA Industrials $1.9 0.5%
PREMIER INVESTMENTS Consumer Discretionary $1.9 0.5%
APA GROUP Utilities $1.9 0.5%
ANSELL Health Care $1.9 0.5%
FISHER & PAYKEL HEALTHCARE CORP Health Care $1.9 0.5%
SYDNEY AIRPORT CORPORATION LTD Industrials $1.9 0.5%
COCHLEAR LTD Health Care $1.8 0.5%
RAMSAY HEALTH CARE Health Care $1.8 0.5%
CLEANAWAY WASTE MANAGEMENT LTD Industrials $1.7 0.4%
THE A2 MILK COMPANY LTD Consumer Staples $1.6 0.4%
AURIZON HOLDINGS LIMITED Industrials $1.6 0.4%
XERO LIMITED Information Technology $1.5 0.4%
MAGELLAN FINANCIAL GROUP LTD Financials $1.5 0.4%
OIL SEARCH LTD Energy $1.5 0.4%
AFTERPAY LTD Information Technology $1.5 0.4%
STOCKLAND Real Estate $1.4 0.4%
SILVER LAKE RESOURCES LIMITED Materials $1.4 0.3%
TREASURY WINE ESTATES LTD Consumer Staples $1.4 0.3%
CHARTER HALL GROUP Real Estate $1.3 0.3%
ORICA Materials $1.3 0.3%
SANTOS LIMITED Energy $1.3 0.3%
CHORUS LTD Communication Services $1.3 0.3%
MIRVAC GROUP Real Estate $1.3 0.3%
BLUESCOPE STEEL LTD Materials $1.2 0.3%
CARSALES.COM LTD Communication Services $1.2 0.3%
NEXTDC LTD Information Technology $1.2 0.3%
SEVEN GROUP HLDGS LTD Industrials $1.1 0.3%
QUBE HOLDINGS LIMITED Industrials $1.1 0.3%
SEEK LIMITED Communication Services $1.1 0.3%
IRESS LIMITED Information Technology $1.1 0.3%
EVOLUTION MINING LTD Materials $1.1 0.3%
ILUKA RESOURCES Materials $1.0 0.3%
DEXUS PROPERTY GROUP Real Estate $1.0 0.3%
TABCORP HOLDINGS LIMITED Consumer Discretionary $1.0 0.3%
STEADFAST GROUP LIMITED Financials $0.6 0.2%
COMPUTERSHARE LTD Information Technology $1.0 0.2%
TPG TELECOM LTD. Communication Services $1.0 0.2%
COCA-COLA AMATIL LTD Consumer Staples $0.9 0.2%
BRICKWORKS Materials $0.9 0.2%
ALS LIMITED Industrials $0.9 0.2%
CHARTER HALL LONG WALE REIT Real Estate $0.9 0.2%
IPH LTD Industrials $0.9 0.2%
ORORA LTD Materials $0.9 0.2%
ALTIUM LTD Information Technology $0.8 0.2%
DOWNER EDI LTD Industrials $0.8 0.2%
DOMINOS PIZZA ENTERPRISES LIMITED Consumer Discretionary $0.8 0.2%
BAPCOR LTD Consumer Discretionary $0.8 0.2%
REA GROUP LIMITED Communication Services $0.8 0.2%
VIVA ENERGY GROUP LTD Energy $0.8 0.2%
OZ MINERALS LTD Materials $0.8 0.2%
VOCUS GROUP LTD Communication Services $0.8 0.2%
WAYPOINT REIT Real Estate $0.8 0.2%
REECE LIMITED Industrials $0.8 0.2%
ALACER GOLD CORPORATION Materials $0.7 0.2%
SPARK NEW ZEALAND LTD Communication Services $0.7 0.2%
THE STAR ENTERTAINMENT GROUP LTD Consumer Discretionary $0.7 0.2%
WORLEY LIMITED Energy $0.7 0.2%
BANK OF QUEENSLAND LIMITED Financials $0.6 0.2%

Note: All disclosures are based the investment holdings information held by our custodian.

International Equities by Sector

PSSap Aggressive's International Equities exposure by sector is as follows:

Sector % Sector Exposure
Information Technology 22.4%
Consumer Discretionary 21.3%
Communication Services 10.9%
Financials 10.8%
Health Care 7.9%
Consumer Staples 6.9%
Industrials 6.5%
Materials 4.4%
Energy 3.5%
Real Estate 3.1%
Utilities 2.3%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

International Equities by Region

PSSap Aggressive's International Equities exposure by region is as follows:

Region % Sector Exposure
United States 43.6%
Asia Excluding Japan 35.9%
Europe 11.3%
Japan 4.7%
United Kingdom 3.9%
Emerging Markets Ex-Asia 0.6%
Australia 0.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest International Equities Holdings

PSSap Aggressive's largest international equities holdings are as follows:

Company Sector Region Exposure ($m) % of Asset Class
TENCENT HOLDINGS LIMITED Communication Services Asia Excluding Japan $20.8 4.5%
ALIBABA GROUP HOLDING LTD Consumer Discretionary Asia Excluding Japan $18.0 3.9%
SAMSUNG ELECTRONICS CO Information Technology Asia Excluding Japan $14.6 3.1%
MICROSOFT CORP Information Technology United States $13.4 2.9%
TAIWAN SEMICONDUCTOR MANUFACTURING Information Technology Asia Excluding Japan $10.8 2.3%
AIA GROUP LIMITED Financials Asia Excluding Japan $10.4 2.2%
ALPHABET INC Communication Services United States $8.8 1.9%
LG CHEMICAL Materials Asia Excluding Japan $8.1 1.7%
FACEBOOK INC Communication Services United States $7.8 1.7%
CHINA INTERNATIONAL Consumer Discretionary Asia Excluding Japan $7.8 1.7%
RELIANCE INDUSTRIES LTD Energy Asia Excluding Japan $6.8 1.5%
APPLE INC Information Technology United States $5.9 1.3%
AMAZON COM INC Consumer Discretionary United States $5.5 1.2%
MIDEA GROUP Consumer Discretionary Asia Excluding Japan $5.4 1.2%
HUAZHU GROUP ADR Consumer Discretionary United States $5.2 1.1%
SK HYNIX INC Information Technology Asia Excluding Japan $4.9 1.1%
JD COM INC Consumer Discretionary United States $4.5 1.0%
KINGSOFT CORP LTD Information Technology Asia Excluding Japan $4.4 1.0%
YUM CHINA HLDGS INC Consumer Discretionary United States $4.4 1.0%
SUNNY OPTICAL TECH Information Technology Asia Excluding Japan $4.4 0.9%
CP ALL PCL Consumer Staples Asia Excluding Japan $4.2 0.9%
ROCHE HOLDINGS AG Health Care Europe $4.1 0.9%
VIETNAM ENTERPRISE Financials United Kingdom $4.0 0.9%
ANTA SPORTS PRODUCTS Consumer Discretionary Asia Excluding Japan $3.9 0.8%
VISA INC Information Technology United States $3.9 0.8%
LARGAN PRECISION Information Technology Asia Excluding Japan $3.8 0.8%
HANG LUNG PROPERTIES (HLP) Real Estate Asia Excluding Japan $3.8 0.8%
NOVARTIS AG Health Care Europe $3.7 0.8%
FOCUS MEDIA INFO TEC Communication Services Asia Excluding Japan $3.7 0.8%
NESTLE SA Consumer Staples Europe $3.6 0.8%
RECKITT BENCKISER GROUP PLC Consumer Staples United Kingdom $3.6 0.8%
INNER MONGOLIA YILI Consumer Staples Asia Excluding Japan $3.6 0.8%
MARUTI SUZUKI Consumer Discretionary Asia Excluding Japan $3.6 0.8%
MEITUAN DIANPING Consumer Discretionary Asia Excluding Japan $3.5 0.8%
HDFC BANK LTD Financials Asia Excluding Japan $3.5 0.7%
STARBUCKS CORP Consumer Discretionary United States $3.4 0.7%
SANOFI Health Care Europe $3.4 0.7%
SAP SE Information Technology Europe $3.3 0.7%
PEPSICO INC Consumer Staples United States $3.3 0.7%
LI NING CO LTD Consumer Discretionary Asia Excluding Japan $3.3 0.7%
MELCO RESORTS & ENTMT LTD Consumer Discretionary United States $3.2 0.7%
MASTERCARD INC Information Technology United States $3.2 0.7%
CROWN CASTLE INTL CORP NEW Real Estate United States $3.1 0.7%
TRIP COM GROUP LTD Consumer Discretionary United States $3.1 0.7%
ZTO EXPRESS CAYMAN INC Industrials United States $3.0 0.7%
CITIGROUP GLOBAL MARKETS HLDGS INC Financials United Kingdom $3.0 0.6%
CHINA JINMAO HOLDING Real Estate Asia Excluding Japan $3.0 0.6%
XCEL ENERGY INC Utilities United States $2.7 0.6%
KWEICHOW MOUTAI CO Consumer Staples Asia Excluding Japan $2.7 0.6%
EVERSOURCE ENERGY Utilities United States $2.6 0.6%
COUNTRY GARDEN Industrials Asia Excluding Japan $2.5 0.5%
CHENIERE ENERGY INC Energy United States $2.5 0.5%
GENERAL ELEC CO Industrials United States $2.4 0.5%
MERCK & CO INC NEW Health Care United States $2.4 0.5%
PING AN INSURANCE Financials Asia Excluding Japan $2.2 0.5%
WEC ENERGY GROUP INC Utilities United States $2.2 0.5%
AMADEUS IT GROUP SA Information Technology Europe $2.1 0.5%
NEXI SPA Information Technology Europe $2.1 0.5%
YUM BRANDS INC Consumer Discretionary United States $2.1 0.5%
MICRON TECHNOLOGY INC Information Technology United States $2.1 0.4%
INNOVENT BIOLOGICS Health Care Asia Excluding Japan $2.1 0.4%
MCDONALDS CORP Consumer Discretionary United States $2.0 0.4%
SERVICENOW INC Information Technology United States $2.0 0.4%
GILEAD SCIENCES INC Health Care United States $2.0 0.4%
GLENCORE PLC Materials United Kingdom $2.0 0.4%
TOYOTA MOTOR CORP Consumer Discretionary Japan $2.0 0.4%
INTEL CORP Information Technology United States $1.9 0.4%
BOOKING HLDGS INC Consumer Discretionary United States $1.9 0.4%
BARRICK GOLD CORP Materials United States $1.9 0.4%
COCA COLA CO Consumer Staples United States $1.9 0.4%
PING AN INSURANCE(GROUP)CO.OF CHINA Financials Asia Excluding Japan $1.8 0.4%
MOMO INC Communication Services United States $1.7 0.4%
NOAH HOLDINGS LTD Financials United States $1.7 0.4%
GALAXY ENTERTAINMENT GROUP LIMITED Consumer Discretionary Asia Excluding Japan $1.7 0.4%
BAYERISCHE MOTOREN WERKE AG Consumer Discretionary Europe $1.7 0.4%
TAKEDA PHARMACEUTICAL CO LTD Health Care Japan $1.7 0.4%
LVMH MOET HENNESSY VUITTON SE Consumer Discretionary Europe $1.7 0.4%
DUPONT Industrials United States $1.6 0.4%
AUTODESK INC Information Technology United States $1.6 0.4%
MINEBEA CO Industrials Japan $1.6 0.3%
MICROCHIP TECHNOLOGY INC Information Technology United States $1.6 0.3%
KB FINANCIAL GROUP INC Financials Asia Excluding Japan $1.5 0.3%
CAPITAL ONE FINL CORP Financials United States $1.5 0.3%
CHINA OVERSEAS LAND & INVESTMNTS Real Estate Asia Excluding Japan $1.5 0.3%
ESTEE LAUDER COMPANIES INC Consumer Staples United States $1.5 0.3%
ING GROEP N.V. Financials Europe $1.5 0.3%
BAIDU INC Communication Services United States $1.4 0.3%
NITTO DENKO CORP Materials Japan $1.4 0.3%
VOLKSWAGEN AG Consumer Discretionary Europe $1.3 0.3%
TRANSDIGM GROUP INC Industrials United States $1.3 0.3%
LOWES COS INC Consumer Discretionary United States $1.3 0.3%
TECHNI CN Energy United States $1.3 0.3%
HONDA MOTOR CO Consumer Discretionary Japan $1.3 0.3%
SUMCO CORPORATION Information Technology Japan $1.2 0.3%
MEDTRONIC HLDG LTD Health Care United States $1.2 0.3%
ENVESTNET Financials United States $1.2 0.3%
BAYER AG Health Care Europe $1.2 0.3%
JOHNSON & JOHNSON Health Care United States $1.2 0.3%
NETFLIX INC Communication Services United States $1.2 0.3%
KT CORPORATION Communication Services Asia Excluding Japan $1.2 0.3%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital by Strategy

PSSap Aggressive's Private Capital exposure by strategy is as follows:

Strategy % Sector Exposure
Buyout 65.6%
Venture Capital 19.2%
Co-Investment 8.5%
Special Situations 4.7%
Real Assets 1.9%
Debt 0.1%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital by Region

PSSap Aggressive's Private Capital exposure by region is as follows:

Region % Sector Exposure
Asia 27.2%
United States 26.9%
Global 20.4%
Australia 14.0%
Europe 11.5%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Private Capital Investments by Strategy and Region

PSSap Aggressive's private capital exposures are as follows:

Strategy Asia United States Global Australia Europe Total ($m) % of Asset Class
Buyout $59.9 $36.8 $20.2 $22.1 $26.0 $165.0 65.6%
Venture Capital $2.9 $26.6 $10.6 $8.1 - $48.2 19.2%
Co-Investment $2.3 - $19.1 - - $21.4 8.5%
Special Situations - $4.1 - $4.9 $2.8 $11.8 4.7%
Real Assets $3.2 $0.1 $1.3 - $0.1 $4.7 1.9%
Debt $0.2 - - - - $0.2 0.1%
Total Exposure ($m) $68.5 $67.6 $51.2 $35.1 $28.9 $251.3 100.0%
Total (% of Sector) 27.2% 26.9% 20.4% 14.0% 11.5% 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Corporate Bonds by Region

PSSap Aggressive's Corporate Bonds exposure by region is as follows:

Region % Sector Exposure
Emerging Markets Ex-Asia 50.2%
Asia Excluding Japan 43.5%
United States 2.9%
Europe 2.0%
United Kingdom 1.4%
Japan 0.0%
Australia 0.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Corporate Bonds Holdings

PSSap Aggressive's largest corporate bond holdings are as follows:

Company Region Exposure ($m) % of Asset Class
BANCO DE BOGOTA SA Emerging Markets Ex-Asia $0.5 1.4%
TEVA PHARMACEUTICAL FIN NETH III B V Emerging Markets Ex-Asia $0.5 1.3%
GLOBO COMMUNICACOES E PARTICIPACOES Emerging Markets Ex-Asia $0.5 1.3%
TIMES CHINA HOLDINGS LTD Asia Excluding Japan $0.5 1.2%
SHIMAO PROPERTY HOLDINGS LIMITED Asia Excluding Japan $0.4 1.2%
CIFI HOLDINGS GROUP CO LIMITED Asia Excluding Japan $0.4 1.2%
BANGKOK BANK PUBLIC CO (HONG KONG) Asia Excluding Japan $0.4 1.1%
MONG DUONG FIN HLDGS B V Asia Excluding Japan $0.4 1.1%
ICTSI TREASURY B.V. Asia Excluding Japan $0.4 1.1%
C&W SENIOR FINANCING DAC United Kingdom $0.4 1.1%
EGYPT(ARAB REPUBLIC OF) Emerging Markets Ex-Asia $0.4 1.1%
COUNTRY GARDEN HLDGS CO LTD Asia Excluding Japan $0.4 1.1%
YANLORD LAND HK CO LTD Asia Excluding Japan $0.4 1.0%
CHINA EVERGRANDE GROUP Asia Excluding Japan $0.4 1.0%
AES GENER S A Emerging Markets Ex-Asia $0.4 1.0%
CONTROLADORA MABE S A DE C V Emerging Markets Ex-Asia $0.4 1.0%
CHINA OIL AND GAS GROUP LIMITED Asia Excluding Japan $0.4 1.0%
ADANI PORT AND SPECIAL ECONOMIC ZON Asia Excluding Japan $0.3 0.9%
HEALTH & HAPPINESS (H&H) INTL HLDGS Asia Excluding Japan $0.3 0.9%
TELFON CELUAR DEL PARAGUAY Emerging Markets Ex-Asia $0.3 0.9%
ABJA INVESTMENT CO PTE Asia Excluding Japan $0.3 0.9%
ICL GROUP LTD Emerging Markets Ex-Asia $0.3 0.9%
GOHL CAPITAL LIMITED Asia Excluding Japan $0.3 0.9%
ACWA PWR MGMT & INVTS ONE LTD Emerging Markets Ex-Asia $0.3 0.9%
KAISA GROUP HOLDINGS LIMITED Asia Excluding Japan $0.3 0.9%
WTT INVT LTD Asia Excluding Japan $0.3 0.8%
STANDARD BANK (BANGLADESH) Emerging Markets Ex-Asia $0.3 0.8%
CEMEX SAB DE CV Emerging Markets Ex-Asia $0.3 0.8%
HYUNDAI CAP AMER MEDIUM TERM NTS BOOK EN United States $0.3 0.8%
TOWER BERSAMA INFRASTRUCTURE TBK Asia Excluding Japan $0.3 0.8%
BBVA BANCOMER SA Emerging Markets Ex-Asia $0.3 0.8%
EMIRATES NBD BANK PJSC Emerging Markets Ex-Asia $0.3 0.8%
BRASKEM FINANCE LTD Emerging Markets Ex-Asia $0.3 0.8%
VM HOLDING SA Emerging Markets Ex-Asia $0.3 0.8%
RAIL CAPITAL MARKETS PLC Emerging Markets Ex-Asia $0.3 0.8%
SAUDI ARABIAN OIL COMPANY Emerging Markets Ex-Asia $0.3 0.8%
EMIRATES Emerging Markets Ex-Asia $0.3 0.8%
COMETA ENERGIA SA DE CV Emerging Markets Ex-Asia $0.3 0.8%
LENOVO GROUP LIMITED Asia Excluding Japan $0.3 0.8%
LCPR SR SECD FING DESIGNATED ACTIVITY CO United States $0.3 0.8%
PETROBRAS GLOBAL FIN B V Emerging Markets Ex-Asia $0.3 0.8%
KASIKORNBANK PUBLIC COMPANY LIMITED Asia Excluding Japan $0.3 0.8%
INDORAMA VENTURES GLOBAL SERVICES Asia Excluding Japan $0.3 0.7%
TURK TELEKOMUNIKASYON AS Emerging Markets Ex-Asia $0.3 0.7%
21VIANET GROUP INCORPORATED Asia Excluding Japan $0.3 0.7%
VFU FUNDING PLC Emerging Markets Ex-Asia $0.3 0.7%
BANCO BTG PACTUAL SA(CAYMAN) Emerging Markets Ex-Asia $0.3 0.7%
SHINHAN BANK Asia Excluding Japan $0.3 0.7%
AGILE GROUP HOLDING LTD Asia Excluding Japan $0.3 0.7%
ENEL CHILE SA Emerging Markets Ex-Asia $0.3 0.7%
TURKIYE GARANTI BANKASI AS Emerging Markets Ex-Asia $0.3 0.7%
ENTEL TELECOMUNICATION(EMPRESA NAC) Emerging Markets Ex-Asia $0.3 0.7%
YPF SOCIEDAD ANONIMA Emerging Markets Ex-Asia $0.2 0.7%
ENEL AMERICAS S A Emerging Markets Ex-Asia $0.2 0.7%
PERUSAHAAN PERSEROAN PERSERO PT PERUSAHA Asia Excluding Japan $0.2 0.7%
BANCOLOMBIA S A Emerging Markets Ex-Asia $0.2 0.7%
GTLK EUROPE CAPITAL DAC Emerging Markets Ex-Asia $0.2 0.7%
ADANI ELECTRICITY MUMBAI LIMITED Asia Excluding Japan $0.2 0.7%
EMPRESA DE TRANSPORTE ME Emerging Markets Ex-Asia $0.2 0.6%
MAF GLOBAL SECURITIES LTD. Emerging Markets Ex-Asia $0.2 0.6%
GRUPO AVAL LTD Emerging Markets Ex-Asia $0.2 0.6%
BANK TABUNGAN NEGARA PERSERO Asia Excluding Japan $0.2 0.6%
CODELCO INC Emerging Markets Ex-Asia $0.2 0.6%
ADANI TRANSMISSION LTD Asia Excluding Japan $0.2 0.6%
EASY TACTIC LIMITED Asia Excluding Japan $0.2 0.6%
BANCO SANTANDER (MEXICO) SA Emerging Markets Ex-Asia $0.2 0.6%
AC ENERGY FINANCE INTERNATIONAL Asia Excluding Japan $0.2 0.6%
JSW STEEL LTD Asia Excluding Japan $0.2 0.6%
DP WORLD CRESCENT LTD Emerging Markets Ex-Asia $0.2 0.6%
CELULOSA ARAUCO Y CONSTITUCION S A Emerging Markets Ex-Asia $0.2 0.6%
MINEJESA CAP BV Asia Excluding Japan $0.2 0.6%
PT ADARO INDONESIA Asia Excluding Japan $0.2 0.6%
RONSHINE CHINA HOLDINGS LIMITED Asia Excluding Japan $0.2 0.6%
KERNEL HOLDING SA Emerging Markets Ex-Asia $0.2 0.6%
LONGFOR GROUP HLDGS LTD Asia Excluding Japan $0.2 0.6%
FIRSTRAND BANK LIMITED Emerging Markets Ex-Asia $0.2 0.5%
GTLK EUROPE DAC Emerging Markets Ex-Asia $0.2 0.5%
GREENKO DUTCH B V Asia Excluding Japan $0.2 0.5%
ALTICE FINANCING SA Europe $0.2 0.5%
TNB GLOBAL VENTURES CAP Asia Excluding Japan $0.2 0.5%
SHRIRAM TRANSPORT FINANCE CO LTD Asia Excluding Japan $0.2 0.5%
UNITED GROUP B.V. Europe $0.2 0.5%
CSN RESOURCES SA Emerging Markets Ex-Asia $0.2 0.5%
BHARTI AIRTEL INTL (NL) B.V. Europe $0.2 0.5%
BBVA BANCOMER SA TEXAS Emerging Markets Ex-Asia $0.2 0.5%
TATA MOTORS LIMITED Asia Excluding Japan $0.2 0.5%
HPCL MITTAL ENERGY LIMITED Asia Excluding Japan $0.2 0.5%
BANCO DO BRASIL (CAYMAN) Emerging Markets Ex-Asia $0.2 0.5%
SINGTEL GROUP TREASURY PTE Asia Excluding Japan $0.2 0.5%
INTERNATIONAL CONTAINER TER SER INC Asia Excluding Japan $0.2 0.5%
VTR FINANCE NV (CHILE) Emerging Markets Ex-Asia $0.2 0.5%
KOSMOS ENERGY LTD Emerging Markets Ex-Asia $0.2 0.5%
INDONESIA ASAHAN ALUMINI Asia Excluding Japan $0.2 0.5%
THAIOIL TREASURY CENTER CO LTD Asia Excluding Japan $0.2 0.4%
GOLDEN EAGLE RETAIL GROUP LIMITED Asia Excluding Japan $0.2 0.4%
AXTEL SAB DE CV Emerging Markets Ex-Asia $0.2 0.4%
LISTRINDO CAPITAL B.V. Asia Excluding Japan $0.2 0.4%
GRUPO ENERGIA BOGOTA S A E S P Emerging Markets Ex-Asia $0.2 0.4%
KIMBERLY CLARK DE MEXICO S A B DE C V FO Emerging Markets Ex-Asia $0.2 0.4%
OMGRID FUNDING LTD Emerging Markets Ex-Asia $0.2 0.4%

Note: All disclosures are based the investment holdings information held by our custodian.

Note 2: Corporate Bond mandates may provide the manager with discretion to hold Sovereign Bonds.

Real Assets - Property by Sector

PSSap Aggressive's Property exposure by sector is as follows:

Sector % Sector Exposure
Office 71.2%
Retail 24.5%
Industrial 4.3%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Property Assets

PSSap Aggressive's property holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 500m $78.5 62.4%
Indooroopilly Shopping Centre, Brisbane Retail
101 Collins Street, Melbourne Office
Between AUD 100m to AUD 500m $44.1 35.1%
QV.1, Perth Office
Grosvenor Place, Sydney Office
1 Chifley Square, Sydney Office
Pooled Investment Vehicles Diversified
Under AUD 100m $3.1 2.5%
City Close Industrial Estate, Alexandria Industrial
Riverside Centre, Rosehill Industrial

Note: All disclosures are based the investment holdings information held by our custodian.

Real Assets - Infrastructure by Sector

PSSap Aggressive's Infrastructure exposure by sector is as follows:

Sector % Sector Exposure
Telecommunications 39.5%
Energy and Renewables 25.5%
Diversified 19.9%
Transport 10.5%
Social 4.6%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Infrastructure Assets

PSSap Aggressive's infrastructure holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 100m $60.2 70.1%
Canberra Data Centre Telecommunications
Macarthur Windfarm Energy and Renewables
Pooled Investment Vehicles Energy and Renewables
Pooled Investment Vehicle Diversified
Under AUD 100m $25.6 29.9%
Mater Hospital Social
UOW Student Accommodation Social
Kacific Telecommunications
Flow Systems Energy and Renewables
Enbridge Energy and Renewables
Zurich Airport Transport
Eurotunnel Transport
Malaysia Airport Transport
Williams Companies Energy and Renewables
Ferrovial Transport
Innergex Energy and Renewables
Galileo Energy and Renewables
Pooled Investment Vehicles Diversified
Pooled Investment Vehicle Transport

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Strategy

PSSap Aggressive's Absolute Return exposure by strategy is as follows:

Strategy % Sector Exposure
Multi-Strategy 48.9%
Equity Long Short 18.9%
Macro 15.6%
Credit 9.6%
Event Driven 7.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Region

PSSap Aggressive's Absolute Return exposure by region is as follows:

Region % Sector Exposure
Global 90.2%
Emerging Markets 9.8%
United States 0.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Absolute Return by Strategy and Region

PSSap Aggressive's absolute return exposures are as follows:

Strategy Global Emerging Markets United States Total ($m) % of Asset Class
Multi-Strategy $49.8 - - $49.8 48.9%
Equity Long Short $19.3 - - $19.3 18.9%
Macro $5.8 $10.0 - $15.8 15.6%
Credit $9.8 - - $9.8 9.6%
Event Driven $7.2 - - $7.2 7.0%
Total Exposure ($m) $91.9 $10.0 - $101.9 100.0%
Total (% of Sector) 90.2% 9.8% 0.0% 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Cash holdings

PSSap Aggressive's cash held is as follows:

Cash Holdings % Sector Exposure
Cash At Call 57.2%
Bank Deposits 27.1%
Other Short Term Investments 15.7%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Sovereign Bonds by Region

PSSap Aggressive's Sovereign Bonds exposure by region is as follows:

Region % Sector Exposure
United States 56.9%
Emerging Markets Ex-Asia 36.7%
Asia Excluding Japan 5.8%
Europe 0.6%
United Kingdom 0.0%
Japan 0.0%
Australia 0.0%
Total 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Largest Sovereign Bond Holdings

PSSap Aggressive's largest sovereign bond holdings are as follows:

Sovereign issues Region Exposure ($m) % of Asset Class
UNITED STATES TREAS BDS United States $12.1 13.5%
UNITED STATES OF AMER TREAS BONDS United States $1.0 1.1%
US TREASURY N/B United States $0.8 0.9%
UKRAINE (REPUBLIC OF) Emerging Markets Ex-Asia $0.3 0.4%
PETROLEOS MEXICANOS Emerging Markets Ex-Asia $0.3 0.3%
QATAR(STATE OF) Emerging Markets Ex-Asia $0.3 0.3%
SAUDI ARABIA (KINGDOM OF) Emerging Markets Ex-Asia $0.3 0.3%
DOMINICAN REPUBLIC Emerging Markets Ex-Asia $0.3 0.3%
FEDERAL REPUBLIC OF NIGERIA Emerging Markets Ex-Asia $0.2 0.2%
ARGENTINA(REPUBLIC OF) Emerging Markets Ex-Asia $0.2 0.2%
EGYPT(ARAB REPUBLIC OF) Emerging Markets Ex-Asia $0.2 0.2%
TURKEY REP Emerging Markets Ex-Asia $0.2 0.2%
REPUBLIC OF GHANA Emerging Markets Ex-Asia $0.2 0.2%
RUSSIAN FEDERATION MINISTRY FINANCE Emerging Markets Ex-Asia $0.2 0.2%
PANAMA REP Emerging Markets Ex-Asia $0.2 0.2%
REPUBLIC OF SRI LANKA Emerging Markets Ex-Asia $0.2 0.2%
OMAN (SULTANATE OF) Emerging Markets Ex-Asia $0.2 0.2%
REPUBLICA ORIENTAL DEL URUGUAY Emerging Markets Ex-Asia $0.2 0.2%
PERU REP Emerging Markets Ex-Asia $0.2 0.2%
COLOMBIA REP Emerging Markets Ex-Asia $0.2 0.2%
INDONESIA(REPUBLIC OF) Asia Excluding Japan $0.2 0.2%
COTE D'IVOIRE Emerging Markets Ex-Asia $0.1 0.2%
ECUADOR(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.2%
BAHRAIN(KINGDOM OF) Emerging Markets Ex-Asia $0.1 0.2%
ROMANIA Emerging Markets Ex-Asia $0.1 0.2%
GAZ CAPITAL SA Emerging Markets Ex-Asia $0.1 0.2%
SOUTH AFRICA REP Emerging Markets Ex-Asia $0.1 0.1%
ESKOM HOLDINGS SOC LIMITED Emerging Markets Ex-Asia $0.1 0.1%
JAMAICA GOVT Emerging Markets Ex-Asia $0.1 0.1%
PHILIPPINES REP Asia Excluding Japan $0.1 0.1%
INDONESIA(REP OF) Asia Excluding Japan $0.1 0.1%
BRAZIL(FEDERATIVE REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
IRAQ (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
ANGOLA (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
BRAZIL FEDERATIVE REP Emerging Markets Ex-Asia $0.1 0.1%
PAKISTAN(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
EL SALVADOR REP Emerging Markets Ex-Asia $0.1 0.1%
KENYA (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
PETRONAS CAPITAL LTD Asia Excluding Japan $0.1 0.1%
EMIRATE OF ABU DHABI Emerging Markets Ex-Asia $0.1 0.1%
1MDB ENERGY LTD Asia Excluding Japan $0.1 0.1%
KAZAKHSTAN(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
GABONESE (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
STATE OF ISRAEL Emerging Markets Ex-Asia $0.1 0.1%
INDONESIA ASAHAN ALUMINI Asia Excluding Japan $0.1 0.1%
HUNGARY REP Emerging Markets Ex-Asia $0.1 0.1%
COSTA-RICA(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
REPUBLIC OF ANGOLA Emerging Markets Ex-Asia $0.1 0.1%
UNITED MEXICAN STS MEDIUM TERM NTS BOOK Emerging Markets Ex-Asia $0.1 0.1%
OIL & GAS HOLDING CO Emerging Markets Ex-Asia $0.1 0.1%
SRI LANKA(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
JSC NATIONAL COMPANY KAZMUNAYGAS Emerging Markets Ex-Asia $0.1 0.1%
PERUSAHAAN PERSEROAN PERSERO PT PERUSAHA Asia Excluding Japan $0.1 0.1%
SINOPEC GRP OVERSEAS DEV Asia Excluding Japan $0.1 0.1%
CENTRAL BANK OF TUNISIA Emerging Markets Ex-Asia $0.1 0.1%
CNAC (HK) FINBRIDGE CO.LTD Asia Excluding Japan $0.1 0.1%
JORDAN(KINGDOM OF) Emerging Markets Ex-Asia $0.1 0.1%
KONDOR FINANCE PLC Emerging Markets Ex-Asia $0.1 0.1%
EXPORT-IMPORT BANK OF INDIA Asia Excluding Japan $0.1 0.1%
CODELCO INC Emerging Markets Ex-Asia $0.1 0.1%
GTLK EUROPE CAPITAL DAC Emerging Markets Ex-Asia $0.1 0.1%
PETROBRAS GLOBAL FIN B V Emerging Markets Ex-Asia $0.1 0.1%
ZAMBIA(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
HONDURAS (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
SOUTHERN GAS CORRIDOR CJSC Emerging Markets Ex-Asia $0.1 0.1%
GUATEMALA BANCO DE GUATEMALA Emerging Markets Ex-Asia $0.1 0.1%
CROATIA(REPUBLIC OF) Europe $0.1 0.1%
BBVA BANCOMER SA Emerging Markets Ex-Asia $0.1 0.1%
PERTAMINA PT Asia Excluding Japan $0.1 0.1%
JBS INVESTMENTS GMBH United States $0.1 0.1%
SENEGAL (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.1%
ARAB REPUBLIC OF EGYPT Emerging Markets Ex-Asia $0.1 0.1%
SERBIA (REPUBLIC) Emerging Markets Ex-Asia $0.1 0.1%
EXPORT CREDIT BANK OF TURKEY INC Emerging Markets Ex-Asia $0.1 0.1%
UKRAINE(REP OF) Emerging Markets Ex-Asia $0.0 0.1%
COLOMBIA(REP OF) Emerging Markets Ex-Asia $0.0 0.1%
HUNGARY (REPUBLIC OF) Emerging Markets Ex-Asia $0.0 0.1%
THE THIRD PAKISTAN INTL SUKUK Emerging Markets Ex-Asia $0.0 0.1%
LEBANON(REPUBLIC OF) Emerging Markets Ex-Asia $0.0 0.1%
PARAGUAY REP Emerging Markets Ex-Asia $0.0 0.1%
1MDB GLOBAL INVESTMENTS LIMITED Asia Excluding Japan $0.0 0.1%
REPUBLIC OF TURKEY Emerging Markets Ex-Asia $0.0 0.0%
ESKOM HOLDINGS LTD Emerging Markets Ex-Asia $0.0 0.0%
PETROBRAS GLOBAL FINANCE Emerging Markets Ex-Asia $0.0 0.0%
RZD CAPITAL PLC Emerging Markets Ex-Asia $0.0 0.0%
BELARUS (REPUBLIC OF) Emerging Markets Ex-Asia $0.0 0.0%
COUNTRY GARDEN HLDGS CO LTD Asia Excluding Japan $0.0 0.0%
EL SALVADOR(REPUBLIC OF) Emerging Markets Ex-Asia $0.0 0.0%
JSC NATIONAL COMPANY KAZAKH Emerging Markets Ex-Asia $0.0 0.0%
PETRONAS CAP LTD Asia Excluding Japan $0.0 0.0%
NEW ZEALAND GOVERNMENT Asia Excluding Japan $0.0 0.0%
SINOPEC GRP OVERSEA 2013 Asia Excluding Japan $0.0 0.0%
ARGENTINA(REP OF) Emerging Markets Ex-Asia $0.0 0.0%
ROMANIA(REPUBLIC OF) Emerging Markets Ex-Asia $0.0 0.0%
SASOL FING USA LLC Emerging Markets Ex-Asia $0.0 0.0%
BRASKEM AMERICA FINANCE Emerging Markets Ex-Asia $0.0 0.0%
QATAR ST Emerging Markets Ex-Asia $0.0 0.0%
COSTA RICA INVERSIONES. SICAV S. Emerging Markets Ex-Asia $0.0 0.0%
MOROCCO(GOVT OF) Emerging Markets Ex-Asia $0.0 0.0%
MEXICHEM SA DE CV Emerging Markets Ex-Asia $0.0 0.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Note 2: Emerging Market Sovereign Bonds are more highly correlated to credit risk than sovereign risk and are therefore managed by the Fund in the context of its credit exposures (included here for completeness).

Note 3: Sovereign Bond mandates may provide the manager with discretion to hold Corporate Bonds.

Note 4: Sovereign Issues with repeated names reflect assets that have different underlying characteristics (e.g. maturity, type, etc.)

Exposure by Investment Categories

This page provides information on investment exposure, current as at 30 June 2020.

PSSap Income Focused's exposure by investment category is as follows:

Investment Categories Exposure ($m) Actual Target Range
Corporate Assets $110.1 30.2% (0-40%)
Inflation-Protected Assets $86.3 23.7% (0-35%)
Other Growth Assets $36.1 9.9% (0-70%)
Defensive Assets $131.9 36.2% (10-100%)
Total $364.4 100.0%

Note: All disclosures are based the investment holdings information held by our custodian.

Exposure by Asset Class

PSSap Income Focused's exposure to various asset classes are as follows:

Asset Class Exposure ($m) Actual
Corporate Assets
Domestic Equities $32.0 8.8%
International Equities $30.6 8.4%
Private Capital $0.0 0.0%
Corporate Bonds $47.5 13.0%
Inflation-Protected Assets
Real Assets - Property $61.5 16.9%
Real Assets - Infrastructure $24.8 6.8%
Other Growth Assets
Absolute Return $36.1 9.9%
Defensive Assets
Cash and Sovereign Bonds $131.9 36.2%
Total