Date effective: As at 31 December 2013
Performance and unit prices
Investment performance for each investment option is calculated after fees and taxes. Past performance is no indication of future performance. Investment performance published is calculated based on the actual value of investment option assets as at the end of the quarter and is indicative only of the performance that a member achieves on their investment. These performance figures are based on final valuations as at the quarter end.
Unit prices are used 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. Using unit prices to calculate a quarterly investment performance figure will provide similar but not identical rates to the published investment performance figures.