Financial year-to-date performance
Subject to investment market movements, returns for the full financial year may be higher or lower than the returns for the financial year-to-date period.
The change in unit prices reflects changes in the value of the assets held by each investment option and is used to determine the weekly percentage investment return for each option. In times of poor investment performance, unit prices may fall and rates may therefore be negative.
Where a financial year end (i.e. 30 June) does not occur on a Tuesday (when we normally value assets), investment performance for part weeks will be displayed for both the last week of the financial year and the first week of the new financial year.
HESTA applies returns on a weekly basis, and the rounding of formulae means that the investment performance figures over a longer period of time may not equal the sum of the weekly investment performance figures over the same period.
Historical performance results
In the long term, one of the most significant factors affecting your retirement benefit will be the investment performance after costs, fees and taxes are deducted. When you're looking at a super fund you should check what sort of performance the fund has achieved and whether you have a choice of investment options.
You should also examine the investment objectives of the fund or investment option you will be investing in, both to assess the level of risk involved and to establish whether they have been meeting their goals. However, remember that past performance is not a reliable indicator of future performance.
We generally value our investment options as at the close of business every Tuesday and release corresponding unit prices on Friday. Your account balance will reflect the most recent unit price available.
1 July 2017 changes
Changes to superannuation legislation from 1 July 2017, means that investment earnings in a transition to retirement income stream are now subject to up to 15% tax.
As a result of this recent change, there isn’t sufficient price history to give past performance information for our Transition to Retirement Income Stream investment options.