daily unit pricing

HESTA will change from providing weekly to daily unit prices for each investment option. This also means investment switching will move from weekly to daily.

 

change to daily unit pricing and investment switching


From Thursday 21 October 2021 HESTA will change from providing weekly to daily unit prices for each investment option.

This also means investment switching will move from weekly to daily.

Why is HESTA moving to daily unit pricing?

Daily unit prices will provide our members with more up to date valuations of their investments. This will enable our members to make more informed decisions about their investment strategy. As always, we recommend speaking to a financial adviser before making any changes to your investment strategy.

What do I need to do?

The change will happen automatically, so there’s no action for you to take.

What do I need to know?

There may be interruptions to unit pricing and investment switching between 19 October 2021 and 23 October as we make this change.

See the table below for a snapshot of the changes.

How will daily unit pricing work?

For full details of the change, please read the Significant Event Notice.

 

 

transition period and key dates


Unit pricing

 Unit price Valued at Applied to accounts
Last weekly unit price Tuesday 19 October 2021 close of business Friday 22 October 2021
First daily unit price Thursday 21 October 2021 Saturday 23 October 2021

 

Investment switch pause

Investment switching will pause from 11:59pm (AEST/AEDT) Tuesday 19 October until 4pm (AEST/AEDT) Wednesday 20 October.
 

What does that mean?

This means you won’t be able to complete any switching requests online during this time.

Any switching requests via the paper form on Wednesday 20 October will be treated as if they were received the next business day (Thursday 21 October).
 

Investment switching before 11:59pm (AEST/AEDT) Tuesday 19 October 2021

Any switch requests received before 11:59pm (AEST/AEDT) Tuesday 19 October will follow the existing weekly process and be applied to your account Friday 22 October.
 

Investment switching after 4pm (AEST/AEDT) Wednesday 20 October 2021

Switch requests received after 4pm (AEST/AEDT) Wednesday 20 October until 4pm (AEST/AEDT) Thursday 21 October will receive the first daily unit price calculated on Thursday 21 October. The switch will be applied to your account two business days later on Monday 25 October.

 

Where can I see current unit prices?

You can see unit prices on our performance page.

You can check the value of your account anytime - just log in to your online account

 

 

 

find out more

Read the Significant Event Notice for full details of the change from weekly to daily unit pricing.

Log in to your online account