HESTA provides daily unit pricing for all investment options. This means investment switching and other transactions can be completed using the applied daily unit price.
Unit pricing is one of the ways super funds can measure the performance of your investments. Much like shares, the change in unit prices (up or down) reflects the change in value of each investment option.
Daily unit prices provide our members with more up-to-date valuations of their investments. This enables 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.
Each investment option is invested in different assets, such as Australian shares, government bonds, and property. Each investment option is divided into individual units, which represent an equal portion of the investment option’s value. As the different assets within the investment option change in value, the unit price will change in value.
When you choose an investment option, you’re allocated a number of units. The number of units you’re allocated depends on how much money you invest, relative to the current unit price of that investment option.
If your investment strategy was to invest into Balanced Growth, and the current unit price is $1.50 — a contribution of $300 would give you an allocation of 200 units in Balanced Growth. This is what we call ‘buying units’.
When you make a withdrawal from your account, you will need to sell units. Similarly when fees and costs, and other payments, are deducted from your account, HESTA is required to sell units.
Unit prices for each investment option are calculated each business day (excluding public holiday), taking into account:
You can see unit prices on our performance page.
You can check the value of your account anytime – just log into your online account.
Unit prices will be calculated at the close of business (COB) every business day*and applied to accounts two business days later on a continuous daily cycle. For example, the unit price calculated at COB on Monday will be applied to investment options (and your account) on Wednesday. Please note, unit prices calculated Thursday will apply from the immediate Saturday and will continue to apply Sunday and Monday until Friday’s valuation is applied Tuesday.
* Weekends and weekdays that fall on a National public holiday and the King’s birthday (VIC/NSW) when the Australian Stock Exchange (ASX) is closed are non-business days.
You can switch the investment option(s) for your current account balance or future contributions at any time, at no extra cost.
Valid investment switches received by 4pm AEST/AEDT on a business day*, in most cases, will be applied to your account 2 business days after we received your request.
Any valid investment switch request received after 4pm AEST/AEDT or on a non-business day will be treated as being received the next business day.
For further details about daily unit pricing, please refer to Investment Choices (pdf).
*Weekends and weekdays that fall on a National public holiday and the King’s birthday (VIC/NSW) when the Australian Stock Exchange (ASX) is closed are non-business days.
From Thursday 21 October 2021 HESTA changed from providing weekly to daily unit prices for each investment option. This also means investment switching moved from weekly to daily.
Previously, HESTA provided weekly unit prices, which meant each investment option had a price applied once per week.
This change took place automatically. There is no action for our existing members or new members to take.