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.
From 4pm 21 October 2021, 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 Queen’s birthday (VIC/NSW) when the Australian Stock Exchange (ASX) is closed are non-business days.
Find out more about unit pricing.
Initial change to unit pricing
HESTA changed from crediting rates to unit pricing in December 2016.
Investment performance figures for the week 30 November – 6 December 2016 is a combination of a crediting rate and unit prices that applied over that period.
Prior to the week 30 November – 6 December 2016, investment performance figures are the historical crediting rates. There are no unit prices for these prior periods.