What is daily forward unit pricing?

Forward unit pricing means that the unit price we declare for any given day is based on the value of our assets at the close of business that day.

We work out the unit price for Monday, for example, based on the value of our assets at the close of business on Monday. We then release and apply the unit price to Monday’s transactions (buying and selling units) on Tuesday. After that, Monday’s unit price will be available on our website.

We take the same approach for every transaction in your account, including contributions, rollovers and switches between investment plans. The unit price determines how many units we buy or sell to process your transaction.

Our Board has the discretion to depart from our unit pricing policy when necessary. If the Board uses this discretion, we will provide details on this website, including the date it occurred, what discretion was used and why.