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CSC

PRI reporting framework 2017

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Basic Information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

01.2. Additional information. [Optional]

Commonwealth Superannuation Corporation (CSC) is the trustee of eleven superannuation schemes. CSC manages the investments of five of these schemes - (i) Commonwealth Superannuation Scheme; (ii) Public Sector Superannuation Scheme; (iii) Public Sector Superannuation Accumulation Plan; (iv) Military Superannuation and Benefits Scheme; and (v) Australian Defence Force Superannuation Scheme. The remaining six schemes are unregulated/exempt schemes which CSC administers, but does not manage the investments. The five regulated/non-exempt schemes exist to meet the superannuation needs of past, present and future Australian Government employees and members of the Australian Defence Forces. Our vision is to build, support and protect better retirement outcomes for all our members and their families.

We are appointed by the Australian Government to "maximise members’ benefits", subject to risk limits, and "act in members’ best interests" - responsibilities which are protected by law. We achieve this via disciplined and active investment of our schemes using a pooled investment trust. We aim to offer investment options and services appropriate to member needs, delivering targeted real return objectives within defined risk limits. We also provide useful education and financial advice services to help our members develop the knowledge and skills to confidently manage their superannuation. Management of our business is aligned with Australian Government best-practice corporate governance principles. We value our legislated responsibilities as outlined in the Governance of Australian Government Superannuation Schemes Act 2011.


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

439 FTE

02.4. Additional information. [Optional]

CSC's headquarters are in Canberra, Australia, with an office in Sydney where the investment team is based.


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 10-50% 40
Fixed income 0 0 10-50% 14
Private equity 0 0 <10% 6
Property 0 0 10-50% 11
Infrastructure 0 0 <10% 2
Commodities 0 0 0 0
Hedge funds 0 0 10-50% 15
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 10-50% 12
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

CSC manages its asset allocation within broader categories that consolidate several of the individual asset breakdowns at OO 06.1. These are: Equities (listed and unlisted) within a range of 35-55%; Credit (incl. Emerging Market Sovereign Bonds and Private Debt) within a range of 0-20%; Real Assets (unlisted Property and Infrastructure) within a range of 1-21%; Sovereign Assets (Nominal and Inflation-Linked Bonds and Cash) within a range of 9-29%; and Hedge Funds (Market Neutral and Target Return) within a range of 5-25%.


OO 07. Fixed income AUM breakdown (Private)


OO 08. Segregated mandates or pooled funds (Private)


OO 09. Breakdown of AUM by market (Private)


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