Unit pricing

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Get up to date information about your account balance

CareSuper uses unit prices to calculate members’ superannuation balances and report investment performance.

Unit pricing

Unit pricing gives members up to date information about their account balance, allowing you to see the change in your account balance from week to week.

How do unit prices work?

When you invest in one of CareSuper’s 7 Managed or 5 Asset Class options you are allocated a number of units in that option.

The number of units allocated to you will depend on how much money you have invested and the option’s buy price. For instance, if you invest $10,000 and the buy price is $1 per unit you will have 10,000 units in that option.

The unit price changes over time depending on the investment performance of the option. Positive net investment returns mean the unit price goes up. If net investment performance is negative, the unit price goes down.

Fees, contribution taxes, insurance premiums or other payments are deducted from your account by selling units.

When you withdraw your money from an option the sell price applies. The sell price reflects how much each unit you hold in an option is worth at that time.

  • Any money that goes into your account buys a number of units in your selected option(s)
  • Any deductions from your account involve the sale of units from your selected option(s)
  • Any fees, taxes, insurance premiums, pension payments or other costs that are deducted from your account involve the sale of units from your selected option(s), and
  • All net investment returns are reflected in the unit price of each option. Unit prices are calculated net of investment fees and investment taxes.

Buy prices and sell prices

Buy price Sell price
A buy price is the price applied when you invest in an investment option. For example, when your employer makes a contribution to your account you will be allocated units at the buy price. A sell price is the price applied when money is withdrawn from an investment option, including withdrawals from your account for investment switches and payments, direct fees, insurance premiums and tax deducted directly from your account.

How often are prices calculated?

CareSuper’s standard process is to calculate prices on a weekly basis. This will allow you to see the change in your account balance from week to week. We’ll generally value our investment options as at the close of business every Friday and release corresponding unit prices the following Wednesday. Your account balance will reflect the most recent unit price available.

Why might CareSuper’s financial year to date (FYTD) returns differ from official annual returns?

You may notice a difference between the FYTD return available on our website in early July, and the official annual return on your annual statement.

When we calculate our weekly unit prices, we use the most recent valuations available for all the assets in which each of our options is invested.

Valuations for listed assets such as shares and fixed interest are generally received one or two business days after markets close on Friday, allowing them to be included in weekly prices, which are generally released on Wednesday.
 
However valuations for unlisted assets such as property or infrastructure, are not always available as early or as frequently as listed assets, so the most recent valuation is used.

When we calculate our monthly and annual returns, our investment managers provide their end of month valuations a few days after the end of the month, which means returns are a more reflective of the month or year’s market movements.

In the event that allowing additional time for monthly and annual valuations has a positive or negative impact on returns, CareSuper will carry forward the difference, and adjust the following week’s unit price accordingly.

Which investment options do unit prices apply to?

Unit prices apply to CareSuper’s 7 Managed and 5 Asset Class options. Unit prices do not apply to the Direct Investment option.

What unit prices does CareSuper apply to the different account transactions?

Type of transaction Unit price used
Contribution into a member’s account Buy price from the day that we receive the member’s money
Withdrawals Sell price from the day that we process the member’s request
Switches out of an investment option Sell price from the Wednesday after we receive the member’s switch request. Please see below for more information about switching timeframes
Switches into an investment option Sell price from the Wednesday after we receive the member’s switch request. Please see below for more information about switching timeframes
Fees, taxes, insurance premiums and other costs Sell price from the day that we deduct the money from the member’s account