investment Information Factsheet

Unit prices and how they work

March 2020

Your investment in AvSuper’s accumulation and/or income stream divisions is unitised.

You can see how many units you have in each investment option by logging into Member Online or reviewing your annual member statement. The degree of fluctuation in unit prices for your super will depend on the investment option(s) you select and each option’s investment performance.

What is unitisation?

Unitisation is similar to buying and selling stocks, with unit prices (or the value or your investment) changing frequently.

You are allocated a number of units depending on your account balance and your investment option(s). Units are allocated to you each time we receive a contribution for you, or if you rollover money from another super fund. Your unit holding reduces when you make a withdrawal, leave AvSuper or when we deduct fees, taxes and insurance premiums from your account.

Unit prices rise and fall depending on your investment option and the performance of the investments. Unit prices are based on the value of the investment option’s assets minus any liabilities divided by the number of units held by investors in that option.

An allocation (buying price) applies when we receive your contributions and rollovers, and a selling price applies when you withdraw from your account. For members, the buying and selling price for units is the same each week as AvSuper doesn’t charge a buy-sell spread.

How does AvSuper unitisation work?

AvSuper’s unit prices are usually set each week and apply from the close of business each Friday, generally being posted to www.avsuper.com.au/unit-prices-chart/ the following Tuesday.

When money moves in or out of your account, it will be converted to units based on the unit price set on the previous Friday. Therefore, even regular contributions will probably convert to a different number of units each time.

The table below shows the effect on an account as the balance and unit price change. The value of your account is calculated by multiplying the number of units you hold by the unit price. The number of units that each contribution buys or each deduction sells is calculated by dividing the amount of the contribution or deduction by the unit price.

We take out investment management fees, indirect costs, tax and a percentage based administration fee before setting our unit prices. You can find current and historical unit price information on our website for each of our investment options.

The AvSuper Trustee, together with our external investment advisers, regularly reviews the medium and long term outlook for all of the Fund’s investments and the impact on each of our investment options.

Unit price restrictions

The Trustee may suspend transactions due to extreme or sudden material market movements, or where the risk of material arbitrage is identified. Suspending unit pricing and the processing of transactions during extreme market movements ensures that members are not unfairly advantaged (or disadvantaged) by redeeming (or purchasing) units at artificially high (or low) unit prices.

Money

Email: avsinfo@avsuper.com.au  | Local call: 1300 128 751 |  Phone: 02 6109 6888  |  www.avsuper.com.au

This information is of a general nature only and does not take into account your personal objectives, situation or needs. Before making a decision about the AvSuper Fund, or any of its products, you should consider your own requirements, our Financial Services Guide, our Privacy Notice and the relevant Product Disclosure Statement (PDS). For a copy call us or visit the AvSuper website, www.avsuper.com.au. AvSuper Pty Ltd (ABN 46 050 431 797, AFSL 239078) is the Trustee of the AvSuper Fund (ABN 84 421 446 069). FS0050.2 03.2020

Phone 1300 128 751 (Local call)
Email:
avsinfo@avsuper.com.au