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Unit Prices

Local Government Super uses unit prices to calculate members’ account balances and apply investment earnings. You can keep track of our unit prices here.

Click on the links below to see our daily unit prices or to compare past and present unit prices, simply specify which time period you would like to view.


Accumulation Scheme
Account-Based Pension Plan
Defined Benefit Scheme
Retirement Scheme

 

  • What is unit pricing?

    Each investment option is divided into units. When you go into an investment option you buy units and when you leave an option you sell units.

    Units work in a similar way to shares. The value of a unit is called a unit price, which is set daily, reflecting the value of the underlying assets and liabilities in that option. You can see how much your super is worth on any day by multiplying the unit price by the number of units you hold in that option.

     

  • What will unit pricing mean to my benefit account?

    When a contribution is made to your account, you will be allocated a certain number of units. The number of units allocated to your account for contributions received are calculated using the applicable unit price for your investment strategy at the date your contribution is allocated to your account.

     

  • Striking of unit prices

    In normal* circumstances unit prices are calculated for each investment option at the end of each day. The total value of each of the Scheme investment option is valued based on the market value of the investments in the strategy, including cash and income earnings of the investments. We then calculate a net asset value by deducting from the total value an allowance for income and capital gains taxes and other allowances such as investment expenses. Investment expenses include any fees payable to investment managers, the asset consultant, the custodian, as well as any other direct investment expenses.

    The daily unit price for a given investment option is calculated by dividing the net asset value by the number of units of the strategy. As such, the movement in the unit price will reflect the receipt of investment income, the payment of expenses and taxes and the movement in the market values of the underlying assets making up the strategy.

    *There may be times when the calculation of unit prices and the processing of transactions may be deferred. This will only occur in circumstances where there is a major disruption to the market trading activity which makes it difficult to determine the market value of the investment options.