Unit Prices

Catholic Super uses a ‘unitised’ system which was introduced on 1 July 2003. This means that each member is assigned a number of units corresponding to the value of their account.

The value of those units, called ‘unit price’, is updated weekly. The unit price goes up or down depending on the investment performance of each investment option.

As contributions are added to a member’s account, units are purchased at the latest unit price. When a member leaves the Fund or withdraws money, units are redeemed (sold) at the latest unit price.

Unit prices for each investment option are derived by dividing the market value of the Fund’s assets comprising each investment option by the number of units on issue for the investment option, after allowing for non-member specific fees and taxes. Such fees include investment manager fees and custodian fees.

To work out your account balance, you simply multiply the number of units you have by the latest unit price.
At the end of each financial year, Catholic Super takes the final unit prices and translate this into an annual return. A member’s statement shows the unit prices that apply to their chosen investment options, and also the returns earned over the financial year as a percentage.

Each member’s return is influenced by the timing of contributions received, any withdrawals made and any switches between investment options that may taken place during the last financial year.