Unit prices & earning rates
What’s important to you is also what’s most important to us. When our investments grow, your super does too. That’s why we’re keeping track of it all, so you can feel at ease.
General information only: The following information is provided to members as general information only. Read earning rates and performance below to understand the context of this information.
Unit prices and performance
Unit prices are needed for daily member transactions and will determine the actual performance a member achieves based on the timing of their individual transactions. The unit prices are determined based on the best available information at the time they are declared. Valuations are fed into the unit price calculations as soon as practical after they are received.
Investment performance for each investment option is calculated after fees and taxes. Past performance is no indication of future performance. Investment performance is calculated based on the actual value of investment option assets as at the end of the quoted performance period and is indicative only of the performance that a member achieves on their investment. Performance figures are based on final valuations as at period end. Using unit prices to calculate an investment performance figure for published performance periods will provide similar but not identical rates to the published investment performance figures.
Earning rates and performance
Earning rates are needed for daily member transactions and will determine the actual performance a member achieves based on the timing of their individual transactions. The earning rates are determined based on the best available information at the time they are declared. Valuations are fed into the earning rates calculation as soon as practical after they are received.
Investment performance for each investment option is calculated after fees and taxes. Past performance is no indication of future performance. Investment performance is calculated using the actual value of investment option assets as at the end of the quoted performance period and is indicative only of the performance that a member achieves on their investment, i.e. earning rates are an accumulation of the month to date returns which resets at the beginning of each month. Investment performance is based on final valuations as at period end.
Using earning rates to calculate investment performance will provide similar but not identical rates to the published investment performance figures.
Application of earning rates to benefit payments
Earning rates determined for the dates above reflect close of market valuations on that date. Member benefit payments are generally calculated and processed using the earning rate applicable on the date of processing. Usually, the earning rate applicable on the date of processing is based on valuation information for the day two business days prior to the processing date. This timing reflects when the valuation information is available and the time required to calculate and approve the earning rate. As an example, a lump sum benefit payment calculated and processed on 27 March will generally use the earning rate determined for 25 March, which reflects close of market valuations for 25 March.How do performance and earnings affect your benefit?
Fund earnings affect the member and productivity components, as well as any amounts transferred into the CSS (known as accumulation components). The earnings applied to your account will either be positive or negative in line with the investment performance of your chosen option. If you have a productivity component that was accrued prior to 30 June 1990 (commonly referred to as interim or unfunded productivity), it will be credited with earnings based on the performance of your chosen investment option.The impact of Fund earnings on your final benefit will depend on your mode of exit from the CSS:
If you claim your benefit as a contributing member
If you claim your CSS benefit as a contributor on the basis of age, invalidity or involuntary retirement, your indexed pension, the employer financed part of your benefit, will not be affected by investment performance. It will be determined by a formula based on your age, final salary and contributory membership. As your accumulation components are affected by Fund earnings, any lump sum benefit or additional pension you take will be affected.
If you claim your benefit as a deferred benefit member
When you claim your deferred benefit, your indexed pension, the employer financed part of your benefit, will be affected by investment performance as it is based on a percentage of your accumulated basic contributions. As your accumulation components are affected by Fund earnings, any lump sum benefit or additional pension you take will also be affected.
If you claim your benefit as an associate member
If you are an associate member, the most significant part of your benefit will not be affected by investment performance. It will be determined based on the value of the employer (untaxed) financed benefit at the time you became an associate member, adjusted by the long-term Treasury Bond Rate. However, the accumulation components of your benefit, which are refunded as a lump sum, will be affected by Fund earnings
What are unit prices?
When it comes time to withdraw your super, the amount you receive is calculated according to how many units you bought.
Using a simple example, if you have $1,000 when you go into ADF Super, and the unit price is $1.00, that will buy1,000 units. Let's say that over the next year there has been a 10% growth. A year from now, someone wanting to purchase an equivalent share of the fund would need to pay $1.10 per unit.
What does unit pricing mean for you?
By using a unit value, you can calculate how much money you have at any given time. This makes it easy for you to track how your benefit is growing.
Unit prices are used for daily member transactions, as well as determine the actual performance a member achieves, which is based on the timing of their individual transactions. Unit prices also matter when it comes time to receive the benefit payment.
How it works
We calculate Investment performance for each investment option after fees and taxes. Investment performance is calculated at the end of the quoted period, and is based on the actual value of the investment option assets at the end of the quoted performance period. However, it’s important to remember that past performance doesn’t indicate future performance results.
Unit prices and performance
Investment performance for each investment option is calculated after fees and taxes. Past performance is no indication of future performance. Investment performance is calculated based on the actual value of investment option assets as at the end of the quoted performance period and is indicative only of the performance that a member achieves on their investment. Performance figures are based on final valuations as at period end. Using unit prices to calculate an investment performance figure for published performance periods will provide similar but not identical rates to the published investment performance figures.
Unit prices are not available for DFRDB. For more information please see: