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 2019.

CSS Default's exposure by investment category is as follows:

Investment Categories Exposure ($m) Actual Target Range
Corporate Assets $1,217.1 56.0% (30-75%)
Inflation-Protected Assets $254.5 11.8% (5-25%)
Other Growth Assets $337.9 15.6% (0-30%)
Defensive Assets $363.5 16.6% (5-65%)
Total $2,173.0 100.0%

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

Exposure by Asset Class

CSS Default's exposure to various asset classes are as follows:

Asset Class Exposure ($m) Actual
Corporate Assets
Domestic Equities $470.4 21.6%
International Equities $498.0 22.9%
Private Capital $132.0 6.1%
Corporate Bonds $116.7 5.4%
Inflation-Protected Assets
Real Assets - Property $170.6 7.9%
Real Assets - Infrastructure $83.9 3.9%
Other Growth Assets
Absolute Return $337.9 15.6%
Defensive Assets
Cash and Sovereign Bonds $363.5 16.6%
Total $2,173.0 100.0%

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

Exposure by Sector

Domestic Equities by Sector

CSS Default's Domestic Equities exposure by sector is as follows:

Sector % Sector Exposure
Financials 33.8%
Materials 19.0%
Industrials 8.9%
Consumer Discretionary 7.3%
Health Care 7.0%
Energy 6.0%
Real Estate 5.9%
Consumer Staples 4.9%
Communication Services 3.9%
Information Technology 1.8%
Utilities 1.5%
Total 100.0%

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

Largest Domestic Equities Holdings

CSS Default's largest domestic equities holdings are as follows:

Company Sector Exposure ($m) % of Asset Class
COMMONWEALTH BANK OF AUSTRALIA Financials $41.8 8.9%
BHP GROUP LTD Materials $39.2 8.3%
WESTPAC BANKING CORPORATION Financials $35.4 7.5%
AUSTRALIA & NEW ZEALAND BANK GROUP Financials $29.2 6.2%
CSL Health Care $25.8 5.5%
NATIONAL AUSTRALIA BANK Financials $20.7 4.4%
WESFARMERS LTD Consumer Discretionary $14.8 3.1%
MACQUARIE GROUP LIMITED Financials $14.7 3.1%
RIO TINTO LIMITED Materials $14.5 3.1%
TELSTRA CORPORATION LTD Communication Services $13.4 2.8%
WOOLWORTHS GROUP LIMITED Consumer Staples $11.7 2.5%
WOODSIDE PETE LTD Energy $10.0 2.1%
SUNCORP GROUP LIMITED Financials $8.8 1.9%
TRANSURBAN GROUP Industrials $7.9 1.7%
COLES GROUP LTD Consumer Staples $6.0 1.3%
BRAMBLES LTD Industrials $5.9 1.3%
ORIGIN ENERGY LTD Energy $5.9 1.2%
ARISTOCRAT LEISURE Consumer Discretionary $5.8 1.2%
QBE INSURANCE GROUP Financials $5.6 1.2%
NEWCREST MINING Materials $5.6 1.2%
CALTEX AUSTRALIA Energy $5.6 1.2%
SCENTRE GROUP LIMITED Real Estate $5.4 1.1%
QANTAS AIRWAYS Industrials $5.3 1.1%
VICINITY CENTRES Real Estate $4.9 1.0%
SOUTH32 LTD Materials $4.8 1.0%
INSURANCE AUSTRALIA GROUP Financials $4.5 1.0%
AMCOR LIMITED Materials $3.7 0.8%
JAMES HARDIE INDUSTRIES PLC Materials $3.6 0.8%
CLEANAWAY WASTE MANAGEMENT LTD Industrials $3.6 0.8%
AGL ENERGY Utilities $3.5 0.7%
ASX LTD Financials $3.4 0.7%
AURIZON HOLDINGS LIMITED Industrials $3.3 0.7%
JB HI-FI Consumer Discretionary $3.3 0.7%
LENDLEASE CORPORATION LIMITED Real Estate $3.3 0.7%
FORTESCUE METALS GROUP LTD Materials $3.2 0.7%
GOODMAN GROUP Real Estate $3.1 0.7%
SANTOS LIMITED Energy $3.1 0.7%
APA GROUP Utilities $3.1 0.7%
SYDNEY AIRPORT CORPORATION LTD Industrials $3.0 0.6%
FLIGHT CENTRE TRAVEL GROUP LIMITED Consumer Discretionary $2.7 0.6%
RESMED INC Health Care $2.7 0.6%
ATLAS ARTERIA Industrials $2.6 0.6%
PREMIER INVESTMENTS Consumer Discretionary $2.5 0.5%
CHARTER HALL GROUP Real Estate $2.4 0.5%
THE A2 MILK COMPANY LTD Consumer Staples $2.4 0.5%
NORTHERN STAR RESOURCES LTD Materials $2.3 0.5%
JANUS HENDERSON GROUP PLC Financials $2.3 0.5%
SONIC HEALTHCARE Health Care $2.3 0.5%
OIL SEARCH LTD Energy $2.2 0.5%
STOCKLAND Real Estate $2.2 0.5%
WORLEYPARSONS LTD Energy $2.1 0.5%
ORORA LTD Materials $2.1 0.4%
TREASURY WINE ESTATES LTD Consumer Staples $2.1 0.4%
DOWNER EDI LTD Industrials $2.0 0.4%
TABCORP HOLDINGS LIMITED Consumer Discretionary $2.0 0.4%
RAMSAY HEALTH CARE Health Care $2.0 0.4%
MEDIBANK PRIVATE LIMITED Financials $1.9 0.4%
COMPUTERSHARE LTD Information Technology $1.9 0.4%
ORICA Materials $1.8 0.4%
XERO LIMITED Information Technology $1.8 0.4%
DEXUS PROPERTY GROUP Real Estate $1.8 0.4%
GPT GROUP Real Estate $1.8 0.4%
COCHLEAR LTD Health Care $1.8 0.4%
NINE ENTERTAINMENT CO HOLDINGS LTD Communication Services $1.6 0.3%
MIRVAC GROUP Real Estate $1.6 0.3%
COCA-COLA AMATIL LTD Consumer Staples $1.6 0.3%
AMP LIMITED Financials $1.5 0.3%
BENDIGO & ADELAIDE BANK LIMITED Financials $1.5 0.3%
EVOLUTION MINING LTD Materials $1.5 0.3%
SEEK LIMITED Industrials $1.5 0.3%
MAGELLAN FINANCIAL GROUP LTD Financials $1.5 0.3%
REECE LIMITED Industrials $1.4 0.3%
MINERAL RESOURCES LTD Materials $1.4 0.3%
ALS LIMITED Industrials $1.4 0.3%
ILUKA RESOURCES Materials $1.4 0.3%
QUBE HOLDINGS LIMITED Industrials $1.4 0.3%
BLUESCOPE STEEL LTD Materials $1.3 0.3%
RELIANCE WORLDWIDE CORPORATION LTD Industrials $1.3 0.3%
IPH LTD Industrials $1.3 0.3%
INDEPENDENCE GROUP NL Materials $1.3 0.3%
BORAL LTD Materials $1.3 0.3%
ST BARBARA LIMITED Materials $1.2 0.3%
AFTERPAY TOUCH GROUP LTD Information Technology $1.2 0.3%
ALUMINA LIMITED Materials $1.2 0.3%
CIMIC GROUP LTD Industrials $1.2 0.3%
THE STAR ENTERTAINMENT GROUP LTD Consumer Discretionary $1.2 0.3%
STEADFAST GROUP LIMITED Financials $1.2 0.3%
IRESS LIMITED Information Technology $1.2 0.3%
CHORUS LTD Communication Services $1.2 0.2%
INCITEC PIVOT Materials $1.2 0.2%
VOCUS GROUP LTD Communication Services $1.1 0.2%
CYBG PLC Financials $1.1 0.2%
SEVEN GROUP HLDGS LTD Industrials $1.1 0.2%
CROWN RESORTS LIMITED Consumer Discretionary $1.1 0.2%
SARACEN MINERAL HOLDINGS Materials $1.1 0.2%
BEACH ENERGY LTD Energy $1.1 0.2%
ANSELL Health Care $1.0 0.2%
OZ MINERALS LTD Materials $1.0 0.2%
FISHER & PAYKEL HEALTHCARE CORP Health Care $1.0 0.2%
SPARK NEW ZEALAND LTD Communication Services $0.9 0.2%

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

International Equities by Sector

CSS Default's International Equities exposure by sector is as follows:

Sector % Sector Exposure
Information Technology 18.5%
Financials 17.1%
Consumer Discretionary 13.4%
Communication Services 10.8%
Health Care 9.4%
Industrials 9.2%
Consumer Staples 6.8%
Materials 4.7%
Energy 4.5%
Real Estate 3.5%
Utilities 2.1%
Total 100.0%

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

International Equities by Region

CSS Default's International Equities exposure by region is as follows:

Region % Sector Exposure
United States 54.3%
Europe 15.5%
Asia Excluding Japan 14.8%
Japan 7.4%
United Kingdom 5.2%
Emerging Markets Ex-Asia 2.8%
Australia 0.0%
Total 100.0%

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

Largest International Equities Holdings

CSS Default's largest international equities holdings are as follows:

Company Sector Region Exposure ($m) % of Asset Class
MICROSOFT CORP Information Technology United States $12.6 2.5%
FACEBOOK INC Communication Services United States $10.4 2.1%
ALPHABET INC Communication Services United States $9.8 2.0%
APPLE INC Information Technology United States $9.0 1.8%
SAMSUNG ELECTRONICS CO Information Technology Asia Excluding Japan $6.6 1.3%
VISA INC Information Technology United States $6.1 1.2%
SAP SE Information Technology Europe $5.9 1.2%
STARBUCKS CORP Consumer Discretionary United States $5.0 1.0%
NOVARTIS AG Health Care Europe $5.0 1.0%
MASTERCARD INC Information Technology United States $4.6 0.9%
NESTLE SA Consumer Staples Europe $4.4 0.9%
AMAZON COM INC Consumer Discretionary United States $4.1 0.8%
ORACLE CORP Information Technology United States $3.9 0.8%
AIA GROUP LIMITED Financials Asia Excluding Japan $3.9 0.8%
ROCHE HOLDINGS AG Health Care Europe $3.9 0.8%
ICICI BANK LIMITED Financials Asia Excluding Japan $3.8 0.8%
TENCENT HOLDINGS LIMITED Communication Services Asia Excluding Japan $3.8 0.8%
HCA HEALTHCARE INC Health Care United States $3.7 0.8%
KB FINANCIAL GROUP INC Financials Asia Excluding Japan $3.3 0.7%
YUM BRANDS INC Consumer Discretionary United States $3.2 0.6%
CITIGROUP GLOBAL MARKETS HLDGS INC Financials United Kingdom $3.2 0.6%
ALIBABA GROUP HOLDING LTD Consumer Discretionary United States $3.1 0.6%
BERKSHIRE HATHAWAY INC DEL Financials United States $3.1 0.6%
TECHNI CN Energy United States $3.1 0.6%
CISCO SYS INC Information Technology United States $3.1 0.6%
RECKITT BENCKISER GROUP PLC Consumer Staples United Kingdom $3.0 0.6%
PEPSICO INC Consumer Staples United States $2.9 0.6%
CHINA OVERSEAS LAND & INVESTMNTS Real Estate Asia Excluding Japan $2.9 0.6%
GENERAL ELEC CO Industrials United States $2.9 0.6%
INTEL CORP Information Technology United States $2.9 0.6%
BHARTI AIRTEL LTD Communication Services Asia Excluding Japan $2.9 0.6%
GILEAD SCIENCES INC Health Care United States $2.7 0.5%
CROWN CASTLE INTL CORP NEW Real Estate United States $2.7 0.5%
MERCK & CO INC NEW Health Care United States $2.6 0.5%
PING AN INSURANCE(GROUP)CO.OF CHINA Financials Asia Excluding Japan $2.5 0.5%
AMERICAN EXPRESS CO Financials United States $2.5 0.5%
SIEMENS AG Industrials Europe $2.4 0.5%
GLENCORE PLC Materials United Kingdom $2.4 0.5%
QUALCOMM INC Information Technology United States $2.3 0.5%
AXIS BANK Financials Asia Excluding Japan $2.3 0.5%
PICC PROPERTY & CASUALTY CO Financials Asia Excluding Japan $2.2 0.5%
LOWES COS INC Consumer Discretionary United States $2.2 0.4%
LVMH MOET HENNESSY VUITTON SE Consumer Discretionary Europe $2.2 0.4%
MCDONALDS CORP Consumer Discretionary United States $2.1 0.4%
SONY CORP Consumer Discretionary Japan $2.0 0.4%
ANTA SPORTS PRODUCTS Consumer Discretionary Asia Excluding Japan $2.0 0.4%
JPMORGAN CHASE & CO Financials United States $2.0 0.4%
YUM CHINA HLDGS INC Consumer Discretionary United States $1.9 0.4%
SANOFI Health Care Europe $1.9 0.4%
JOHNSON & JOHNSON Health Care United States $1.9 0.4%
TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD Information Technology Asia Excluding Japan $1.8 0.4%
HONDA MOTOR CO Consumer Discretionary Japan $1.8 0.4%
ING GROEP N.V. Financials Europe $1.8 0.4%
MICRON TECHNOLOGY INC Information Technology United States $1.8 0.4%
EXXON MOBIL CORP Energy United States $1.7 0.3%
TAPESTRY INC Consumer Discretionary United States $1.7 0.3%
KT CORPORATION Communication Services Asia Excluding Japan $1.7 0.3%
BOOKING HLDGS INC Consumer Discretionary United States $1.7 0.3%
UNICREDIT SPA Financials Europe $1.7 0.3%
CREDIT SUISSE NASSAU MISCELLANEOUS Europe $1.6 0.3%
ITOCHU CORP Industrials Japan $1.6 0.3%
VALEO Consumer Discretionary Europe $1.5 0.3%
LIXIL GROUP CORPORATION Industrials Japan $1.5 0.3%
SUMITOMO METAL MINING CO Materials Japan $1.5 0.3%
PROCTER & GAMBLE CO Consumer Staples United States $1.5 0.3%
SKYWORKS SOLUTIONS INC Information Technology United States $1.5 0.3%
BANK AMER CORP Financials United States $1.5 0.3%
ENI SPA Energy Europe $1.5 0.3%
EXPEDIA GROUP INC FORMERLY EXPEDIA INC Consumer Discretionary United States $1.4 0.3%
ZTO EXPRESS CAYMAN INC Industrials United States $1.4 0.3%
ROYAL DUTCH SHELL Energy United Kingdom $1.4 0.3%
MICROCHIP TECHNOLOGY INC Information Technology United States $1.4 0.3%
BARRICK GOLD CORP Materials United States $1.4 0.3%
DISNEY WALT CO Communication Services United States $1.4 0.3%
MINEBEA CO Industrials Japan $1.4 0.3%
MEITUAN DIANPING Consumer Discretionary Asia Excluding Japan $1.4 0.3%
KOMATSU Industrials Japan $1.3 0.3%
PING AN INSURANCE GRP CO - A SHARE Financials Asia Excluding Japan $1.3 0.3%
PFIZER INC Health Care United States $1.3 0.3%
AT&T INC Communication Services United States $1.3 0.3%
TOYOTA INDUSTRIES CORP Consumer Discretionary Japan $1.3 0.3%
HOME DEPOT INC Consumer Discretionary United States $1.3 0.3%
SUN HUNG KAI PROPERTIES LTD Real Estate Asia Excluding Japan $1.3 0.3%
CAPITAL ONE FINL CORP Financials United States $1.2 0.3%
FEDEX CORP Industrials United States $1.2 0.2%
WEIBO CORP Communication Services United States $1.2 0.2%
CHEVRON CORP NEW Energy United States $1.2 0.2%
UNITEDHEALTH GROUP INC Health Care United States $1.2 0.2%
VERIZON COMMUNICATIONS INC Communication Services United States $1.2 0.2%
EQUIFAX INC Industrials United States $1.2 0.2%
AUTOHOME INC ADR Communication Services United States $1.2 0.2%
BAYERISCHE MOTOREN WERKE AG Consumer Discretionary Europe $1.2 0.2%
KASIKORNBANK PCL FOREIGN Financials Asia Excluding Japan $1.2 0.2%
CONTINENTAL AG Consumer Discretionary Europe $1.1 0.2%
ANHEUSER-BUSCH INBEV SA/NV Consumer Staples Europe $1.1 0.2%
SUMCO CORPORATION Information Technology Japan $1.1 0.2%
WELLS FARGO & CO NEW Financials United States $1.1 0.2%
CHINA UNICOM (HONG KONG) LIMITED Communication Services Asia Excluding Japan $1.1 0.2%
NITTO DENKO CORP Materials Japan $1.1 0.2%
COCA COLA CO Consumer Staples United States $1.1 0.2%

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

Private Capital by Strategy

CSS Default's Private Capital exposure by strategy is as follows:

Strategy % Sector Exposure
Buyout 51.4%
Long/Short - High Conviction 17.8%
Venture Capital 17.4%
Real Assets 8.0%
Special Situations 2.7%
Debt 1.4%
Co-Investment 1.3%
Total 100.0%

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

Private Capital by Region

CSS Default's Private Capital exposure by region is as follows:

Region % Sector Exposure
Global 33.7%
United States 31.3%
Asia 21.8%
Europe 7.4%
Australia 5.8%
Total 100.0%

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

Private Capital Investments by Strategy and Region

CSS Default's private capital exposures are as follows:

Strategy Global United States Asia Europe Australia Total ($m) % of Asset Class
Buyout $9.1 $19.2 $25.7 $7.7 $6.1 $67.8 51.4%
Long/Short - High Conviction $23.5 - - - - $23.5 17.8%
Venture Capital $2.2 $19.8 $1.0 - - $23.0 17.4%
Real Assets $9.8 $0.1 $0.1 $0.5 - $10.5 8.0%
Special Situations - $2.1 - - $1.5 $3.6 2.7%
Debt - - $0.3 $1.6 - $1.9 1.4%
Co-Investment - - $1.7 - - $1.7 1.3%
Total Exposure ($m) $44.6 $41.2 $28.8 $9.8 $7.6 $132.0 100.0%
Total (% of Sector) 33.7% 31.3% 21.8% 7.4% 5.8% 100.0%

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

Corporate Bonds by Region

CSS Default's Corporate Bonds exposure by region is as follows:

Region % Sector Exposure
United States 63.7%
Europe 19.5%
Emerging Markets Ex-Asia 6.9%
United Kingdom 6.1%
Asia Excluding Japan 3.4%
Japan 0.3%
Australia 0.1%
Total 100.0%

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

Largest Corporate Bonds Holdings

CSS Default's largest corporate bond holdings are as follows:

Company Region Exposure ($m) % of Asset Class
UNITED STATES OF AMER TREAS NOTES United States $3.3 2.8%
VW CR INC DISC COML PAPER 4/2 YRS 2&4 United States $2.9 2.5%
MORGAN STANLEY United States $2.4 2.0%
AT&T INC United States $2.3 2.0%
BANK AMER CORP United States $2.2 1.9%
ANHEUSER-BUSCH INBEV WORLDWIDE INC DISC United States $2.0 1.7%
AT&T INC DISC COML PAPER 4/2 YRS 3&4 United States $2.0 1.7%
GOLDMAN SACHS GROUP INC United States $1.7 1.5%
TELEFONICA EMISIONES SAU Europe $1.6 1.4%
JPMORGAN CHASE & CO United States $1.6 1.4%
VODAFONE GROUP United Kingdom $1.5 1.3%
ANHEUSER-BUSCH INBEV WORLDWIDE INC Europe $1.4 1.2%
HALFMOON PARENT INC United States $1.2 1.1%
TYSON FOOD INC DISC COML PAPER 4/A2 YRS United States $1.1 1.0%
VERIZON COMMUNICATIONS INC United States $1.1 0.9%
MEDTRONIC GLOBAL HLDGS S C A United States $1.0 0.9%
CARMAX AUTO OWNER TR 2019-1 United States $1.0 0.8%
ABBOTT IRE FIN DAC United States $1.0 0.8%
WORLD OMNI AUTO TRUST United States $0.9 0.8%
CAIXABANK SA Europe $0.9 0.8%
CITIGROUP INC United States $0.9 0.8%
CAPITAL ONE FINL CORP United States $0.9 0.8%
ABN AMRO BANK NV Europe $0.9 0.7%
IM CEDULAS 7 FTA Europe $0.9 0.7%
UNION PAC CORP United States $0.9 0.7%
HYUNDAI AUTO RECEIVABLES TR 2017-A United States $0.8 0.7%
FISERV INC United States $0.8 0.7%
CREDIT AGRICOLE HOME LOAN SFH Europe $0.8 0.7%
MOLSON COORS BREWING CO United States $0.8 0.7%
WELLS FARGO & CO MEDIUM TERM SR NTS BOOK United States $0.7 0.6%
ONCOR ELEC DELIVERY CO LLC DISC COML PAP United States $0.7 0.6%
ANTHEM INC United States $0.7 0.6%
COMCAST CORP NEW United States $0.7 0.6%
COMCAST CORP United States $0.7 0.6%
HSBC HLDGS PLC United Kingdom $0.7 0.6%
HCA INC United States $0.7 0.6%
GM FINL CONSUMER AUTOMOBILE RECEIVABLES United States $0.7 0.6%
FIDELITY NATL INFORMATION SVCS INC United States $0.7 0.6%
AMERICAN CR ACCEP RECEIVABLES TR 2018-1 United States $0.7 0.6%
FOX CORP United States $0.7 0.6%
DUKE ENERGY CORP NEW United States $0.6 0.5%
HSBC HOLDINGS PLC United Kingdom $0.6 0.5%
NOBLE ENERGY INC United States $0.6 0.5%
BARCLAYS PLC United Kingdom $0.6 0.5%
DISNEY WALT CO NEW MEDIUM TERM NTS BOOK United States $0.6 0.5%
UNICREDIT SPA Europe $0.6 0.5%
UNITED TECHNOLOGIES CORP United States $0.6 0.5%
METROPOLITAN LIFE GLOBAL FDG I MEDIUM TE United States $0.6 0.5%
CREDIT SUISSE GROUP Europe $0.6 0.5%
AMERADA HESS CORP United States $0.6 0.5%
FCA BANK S.P.A. IRISH BRANCH Europe $0.6 0.5%
DISCOVERY COMMUNICATIONS LLC United States $0.6 0.5%
CANADA GOVT United States $0.6 0.5%
QATAR(STATE OF) Emerging Markets Ex-Asia $0.5 0.5%
DEERE JOHN CAP CORP MEDIUM TERM NTS-BOOK United States $0.5 0.4%
GLAXOSMITHKLINE CAPITAL United Kingdom $0.5 0.4%
VIVENDI SA Europe $0.5 0.4%
TOYOTA MOTOR CREDIT CORP United States $0.5 0.4%
CM-CIC HOME LOAN SFH Europe $0.5 0.4%
COX COMMUNICATIONS INC NEW United States $0.5 0.4%
MASSMUTUAL GLOBAL FDG II MEDIUM TERM NTS United States $0.5 0.4%
RCI BANQUE Europe $0.5 0.4%
DOWDUPONT INC United States $0.5 0.4%
EQUINIX INC United States $0.5 0.4%
AIR LEASE CORP MED TERM NTS BOOK ENTRY United States $0.5 0.4%
ANGLO AMERICAN CAPITAL Emerging Markets Ex-Asia $0.5 0.4%
TELEFONICA EMISIONES S A U Europe $0.5 0.4%
WESTERN GAS PARTNERS LP United States $0.5 0.4%
REPSOL INTERNATIONAL FINANCE BV Europe $0.4 0.4%
ONEMAIN FINL ISSUANCE TR 2018-1 United States $0.4 0.4%
CVS HEALTH CORP United States $0.4 0.4%
ORANGE Europe $0.4 0.4%
BANCO DE SABADELL SA Europe $0.4 0.4%
VOLKSWAGEN LEASING GMBH Europe $0.4 0.4%
INTERNATIONAL BUSINESS MACHS CORP United States $0.4 0.4%
WELLS FARGO CO United States $0.4 0.3%
BOSTON SCIENTIFIC CORP United States $0.4 0.3%
ENTERPRISE FLEET FING 2018-1 LLC United States $0.4 0.3%
E.ON INTERNATIONAL FINANCE B.V. Europe $0.4 0.3%
TRILLIUM CR CARD TR II United States $0.4 0.3%
AVIVA United Kingdom $0.4 0.3%
AEROPORTS DE PARIS Europe $0.4 0.3%
FORD MTR CR CO LLC United States $0.4 0.3%
NOKIA OYJ Europe $0.4 0.3%
AON CORP United States $0.4 0.3%
SPRINT SPECTRUM CO LLC / SPRINT SPECTRUM United States $0.4 0.3%
COMPAGNIE DE FINANCEMENT FONCIER Europe $0.4 0.3%
NEW JERSEY ST TPK AUTH TPK REV United States $0.4 0.3%
SAUDI INTERNATIONAL BOND Emerging Markets Ex-Asia $0.4 0.3%
GENERAL MTRS FINL CO INC United States $0.4 0.3%
DEUTSCHE TELEKOM INTL FINANCE B.V. Europe $0.4 0.3%
BNP PARIBAS HOME LOAN SFH Europe $0.3 0.3%
BPCE SR NON PFD MED TERM NTS BOOK ENTRY Europe $0.3 0.3%
DEUTSCHE BANK AG Europe $0.3 0.3%
IBM CR LLC United States $0.3 0.3%
TRANSCANADA PIPELINES LTD United States $0.3 0.3%
ONGC VIDESH VANKORNEFT PTE. LTD. Asia Excluding Japan $0.3 0.3%
TOYOTA MOTOR FINANCE(NETHERLANDS)BV Japan $0.3 0.3%
DUN & BRADSTREET CORP DEL NEW United States $0.3 0.3%
CIE FINANCEMENT FONCIER Europe $0.3 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

CSS Default's Property exposure by sector is as follows:

Sector % Sector Exposure
Office 65.0%
Retail 31.4%
Industrial 3.6%
Total 100.0%

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

Property Assets

CSS Default's property holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 500m $92.4 54.2%
Indooroopilly Shopping Centre, Brisbane Retail
101 Collins Street, Melbourne Office
Between AUD 100m to AUD 500m $72.5 42.5%
QV.1, Perth Office
Grosvenor Place, Sydney Office
1 Chifley Square, Sydney Office
Pooled Investment Vehicles Diversified
Under AUD 100m $5.7 3.3%
City Close Industrial Estate, Alexandria Industrial
Riverside Centre, Rosehill Industrial
Eaglegate Industrial Park, Pinkenba Industrial

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

Real Assets - Infrastructure by Sector

CSS Default's Infrastructure exposure by sector is as follows:

Sector % Sector Exposure
Telecommunications 45.7%
Energy and Renewables 25.6%
Transport 16.1%
Diversified 7.1%
Social 5.5%
Total 100.0%

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

Infrastructure Assets

CSS Default's infrastructure holdings are as follows:

Asset / Company Sector / Strategy Exposure ($m) % of Asset Class
Greater Than AUD 100m $58.2 69.4%
Canberra Data Centre Telecommunications
Pooled Investment Vehicles Energy and Renewables
Pooled Investment Vehicle Diversified
Under AUD 100m $25.7 30.6%
UOW Student Accommodation Social
Macarthur Windfarm Energy and Renewables
Mater Hospital Social
Northwest Rail Transport
Enbridge Energy and Renewables
Zurich Airport Transport
Orsted Energy and Renewables
Eurotunnel Transport
Malaysia Airport Transport
PG&E Corporation Energy and Renewables
Broookdale Senior Living Social
Williams Companies Energy and Renewables
Ferrovial Transport
DP World Transport
Pooled Investment Vehicle Transport

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

Absolute Return by Strategy

CSS Default's Absolute Return exposure by strategy is as follows:

Strategy % Sector Exposure
Macro 37.7%
Multi-Strategy 29.2%
Equity Long Short 17.7%
Event Driven 8.2%
Credit 7.2%
Total 100.0%

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

Absolute Return by Region

CSS Default's Absolute Return exposure by region is as follows:

Region % Sector Exposure
Global 89.5%
Emerging Markets 10.5%
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

CSS Default's absolute return exposures are as follows:

Strategy Global Emerging Markets United States Total ($m) % of Asset Class
Macro $92.0 $35.4 - $127.4 37.7%
Multi-Strategy $98.8 - - $98.8 29.2%
Equity Long Short $59.8 - - $59.8 17.7%
Event Driven $27.7 - - $27.7 8.2%
Credit $24.2 - - $24.2 7.2%
Total Exposure ($m) $302.5 $35.4 - $337.9 100.0%
Total (% of Sector) 89.5% 10.5% 0.0% 100.0%

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

Cash holdings

CSS Default's cash held is as follows:

Cash Holdings % Sector Exposure
Bank Deposits 47.5%
Cash At Call 38.7%
Other Short Term Investments 13.8%
Total 100.0%

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

Sovereign Bonds by Region

CSS Default's Sovereign Bonds exposure by region is as follows:

Region % Sector Exposure
Australia 33.5%
United States 24.2%
United Kingdom 14.8%
Emerging Markets Ex-Asia 11.2%
Europe 10.8%
Asia Excluding Japan 3.9%
Japan 1.6%
Total 100.0%

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

Largest Sovereign Bond Holdings

CSS Default's largest sovereign bond holdings are as follows:

Sovereign issues Region Exposure ($m) % of Asset Class
AUSTRALIA(COMMONWEALTH OF) Australia $24.9 6.8%
UNITED KINGDOM(GOVERNMENT OF) United Kingdom $22.2 6.1%
UNITED STATES TREAS NTS United States $16.0 4.4%
UNITED STATES TREAS BDS United States $9.7 2.7%
FRANCE(GOVT OF) Europe $7.3 2.0%
TSY INFL IX N/B United States $6.1 1.7%
AUSTRALIAN GOVT Australia $4.5 1.2%
ITALY(REPUBLIC OF) Europe $4.3 1.2%
QUEENSLAND TREASURY CORP Australia $4.1 1.1%
AUSTRALIAN GOVERNMENT Australia $3.8 1.1%
NEW SOUTH WALES TREASURY CORP Australia $3.3 0.9%
TREASURY CORP OF VICTORIA Australia $2.8 0.8%
UNITED STATES OF AMER TREAS NOTES United States $2.0 0.6%
JAPAN Japan $2.0 0.6%
GERMANY(FEDERAL REPUBLIC) Europe $1.9 0.5%
RUSSIAN FEDERATION MINISTRY FINANCE Emerging Markets Ex-Asia $1.8 0.5%
SOUTH AFRICA(REPUBLIC OF) Emerging Markets Ex-Asia $1.7 0.5%
SPAIN(KINGDOM OF) Europe $1.6 0.4%
WESTERN AUSTRALIA TREASURY CORP Australia $1.5 0.4%
INDONESIA(REPUBLIC OF) Asia Excluding Japan $1.5 0.4%
THAILAND (KINGDOM OF) Asia Excluding Japan $1.4 0.4%
CANADA GOVT United States $1.4 0.4%
SOUTH AUSTRALIAN GOVT FIN AUTH Australia $1.2 0.3%
QUEENSLAND TREAS CORP Australia $1.1 0.3%
POLAND(REPUBLIC OF) Emerging Markets Ex-Asia $1.0 0.3%
COLOMBIA(REPUBLIC OF) Emerging Markets Ex-Asia $1.0 0.3%
UNITED STATES OF AMER TREAS BONDS United States $1.0 0.3%
WESTERN AUST TREASU Australia $1.0 0.3%
MALAYSIA (GOVERNMENT OF) Asia Excluding Japan $0.8 0.2%
TURKEY(REPUBLIC OF) Emerging Markets Ex-Asia $0.7 0.2%
SWEDEN(KINGDOM OF) Europe $0.6 0.2%
MEXICO(UNITED MEXICAN STATES) Emerging Markets Ex-Asia $0.6 0.2%
NEW S WALES TREAS CORP Australia $0.5 0.1%
BRAZIL(FEDERATIVE REPUBLIC OF) Emerging Markets Ex-Asia $0.5 0.1%
PERU REP Emerging Markets Ex-Asia $0.5 0.1%
AUSTRALIA GOVERNMENT Australia $0.5 0.1%
INDONESIA(REP OF) Asia Excluding Japan $0.4 0.1%
CHILE(REPUBLIC OF) Emerging Markets Ex-Asia $0.4 0.1%
MEX BONOS DE DESARROLLO GOVT NATL Emerging Markets Ex-Asia $0.4 0.1%
JAPAN GOVT CPI LINKED Japan $0.4 0.1%
NEW S WALES TREASURY CRP Australia $0.4 0.1%
NOTA DO TESOURO NACIONAL Emerging Markets Ex-Asia $0.4 0.1%
ROMANIA(REPUBLIC OF) Emerging Markets Ex-Asia $0.4 0.1%
NEW ZEALAND (GOVT) Asia Excluding Japan $0.4 0.1%
NSW (NEW SOUTH WALES) TREASURY CORP Australia $0.3 0.1%
SECRETARIA TESOURO NACIONAL Emerging Markets Ex-Asia $0.3 0.1%
NORTHERN TERRITORY TREASURY CORP Australia $0.3 0.1%
UKRAINE (REPUBLIC OF) Emerging Markets Ex-Asia $0.3 0.1%
HUNGARY (REPUBLIC OF) Emerging Markets Ex-Asia $0.3 0.1%
TASMANIAN PUBLIC FINANCE CORP Australia $0.2 0.1%
CZECH REPUBLIC Emerging Markets Ex-Asia $0.2 0.1%
EGYPT(ARAB REPUBLIC OF) Emerging Markets Ex-Asia $0.2 0.1%
MEX BONOS DESARR FIX RT Emerging Markets Ex-Asia $0.2 0.1%
GOVERNMENT OF CANADA United States $0.2 0.1%
REPUBLIC OF SRI LANKA Emerging Markets Ex-Asia $0.2 0.1%
TURKEY REP Emerging Markets Ex-Asia $0.2 0.1%
ECUADOR(REPUBLIC OF) Emerging Markets Ex-Asia $0.2 0.1%
DENMARK(KINGDOM OF) Europe $0.2 0.1%
INDONESIA GOVERNMENT Asia Excluding Japan $0.2 0.0%
DOMINICAN REPUBLIC Emerging Markets Ex-Asia $0.2 0.0%
MALAYSIAN GOVERNMENT Asia Excluding Japan $0.2 0.0%
PETROLEOS MEXICANOS Emerging Markets Ex-Asia $0.2 0.0%
ARGENTINA REP Emerging Markets Ex-Asia $0.2 0.0%
BRAZIL FEDERATIVE REP Emerging Markets Ex-Asia $0.2 0.0%
REPUBLIC OF GHANA Emerging Markets Ex-Asia $0.2 0.0%
SAUDI ARABIA (KINGDOM OF) Emerging Markets Ex-Asia $0.2 0.0%
GAZ CAPITAL SA Emerging Markets Ex-Asia $0.1 0.0%
CNAC (HK) FINBRIDGE CO.LTD Asia Excluding Japan $0.1 0.0%
FEDERAL REPUBLIC OF NIGERIA Emerging Markets Ex-Asia $0.1 0.0%
PAKISTAN(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
1MDB GLOBAL INVESTMENTS LIMITED Asia Excluding Japan $0.1 0.0%
PHILIPPINES(REPUBLIC OF) Asia Excluding Japan $0.1 0.0%
IRAQ (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
GREECE (REPUBLIC OF) Europe $0.1 0.0%
KENYA (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
ARGENTINA(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
PERU(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
UKRAINE(REP OF) Emerging Markets Ex-Asia $0.1 0.0%
COTE D'IVOIRE Emerging Markets Ex-Asia $0.1 0.0%
EL SALVADOR(REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
CENTRAL BANK OF TUNISIA Emerging Markets Ex-Asia $0.1 0.0%
EXPORT CREDIT BANK OF TURKEY INC Emerging Markets Ex-Asia $0.1 0.0%
SOUTH AFRICA REP Emerging Markets Ex-Asia $0.1 0.0%
REPUBLICA ORIENTAL DEL URUGUAY Emerging Markets Ex-Asia $0.1 0.0%
OMAN (SULTANATE OF) Emerging Markets Ex-Asia $0.1 0.0%
BRAZIL MINAS SPE VIA STATE OF M.G. Emerging Markets Ex-Asia $0.1 0.0%
ESKOM HOLDINGS LTD Emerging Markets Ex-Asia $0.1 0.0%
JAMAICA GOVT Emerging Markets Ex-Asia $0.1 0.0%
PETROLEOS DE VENEZUELA SA Emerging Markets Ex-Asia $0.1 0.0%
QATAR(STATE OF) Emerging Markets Ex-Asia $0.1 0.0%
COLOMBIA REP Emerging Markets Ex-Asia $0.1 0.0%
ESKOM HOLDINGS SOC LIMITED Emerging Markets Ex-Asia $0.1 0.0%
RZD CAPITAL PLC Emerging Markets Ex-Asia $0.1 0.0%
INDONESIA ASAHAN ALUMINI Asia Excluding Japan $0.1 0.0%
PT SAKA ENERGI INDONESIA Asia Excluding Japan $0.1 0.0%
GABONESE (REPUBLIC OF) Emerging Markets Ex-Asia $0.1 0.0%
LYXOR INTL ASSET MANAGEMENT Europe $0.1 0.0%
BAHRAIN(KINGDOM OF) Emerging Markets Ex-Asia $0.1 0.0%
PELABUHAN INDONESIA III Asia Excluding Japan $0.1 0.0%
COLOMBIA(REP OF) Emerging Markets Ex-Asia $0.1 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 2019.

CSS Cash's exposure by investment category is as follows:

Investment Categories Exposure ($m) Actual Target Range
Corporate Assets $0.0 0.0% -
Inflation-Protected Assets $0.0 0.0% -
Other Growth Assets $0.0 0.0% -
Defensive Assets $212.0 100.0% 100%
Total $212.0 100.0%

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

Exposure by Asset Class

CSS Cash's exposure to various asset classes are as follows:

Asset Class Exposure ($m) Actual
Corporate Assets
Domestic Equities $0.0 0.0%
International Equities $0.0 0.0%
Private Capital $0.0 0.0%
Corporate Bonds $0.0 0.0%
Inflation-Protected Assets
Real Assets - Property $0.0 0.0%
Real Assets - Infrastructure $0.0 0.0%
Other Growth Assets
Absolute Return $0.0 0.0%
Defensive Assets
Cash and Sovereign Bonds $212.0 100.0%
Total $212.0 100.0%

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

Exposure by Sector

Cash holdings

CSS Cash's cash held is as follows:

Cash Holdings % Sector Exposure
Bank Deposits 85.5%
Other Short Term Investments 13.7%
Cash At Call 0.8%
Total 100.0%

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

Next, I'd like to know more about...

Financial planning

Step by step advice to help you get to your financial goals

Learn more

How do we perform

How we achieve high investment performance and secure the retirement you deserve.

Learn more

Your investment options

Learn the nuts and bolts of how your super scheme is designed and how it’s performing.

Learn more

We value your feedback.

How was your visit to our website today?