Unitised investments explained

Media Super investment options operate using a unitised system. You may be familiar with this kind of system if you currently have money in a personal investment product like a managed fund.

Buying and selling units

When you make a contribution, switch your investment option or change your mix of investment options, you are in effect buying and selling units, and as such your investment will be affected by the buy and sell price that applies on the date your switch is made.

Unit prices go up or down depending on the value of the investments within each investment option. Influences include rental receipts, dividends, fixed interest payments and asset values.

What do the unit prices mean?

If you've ever ordered anything from overseas or been on an international holiday, you'll be familiar with how exchange rates move up and down on a daily basis. Global markets affect the relative currency rates and it may cost more to change money one way or another.

Unit prices work in a similar way. The buy price is what it costs to buy one unit of your chosen investment option by making a contribution or switching your investments. The sell price is how much you receive for selling one unit by switching out of the option or withdrawing your balance.

When are unit prices updated?

Unit prices for each of Media Super’s investment options are calculated weekly. Choose your account type in the Fund Performance section for up-to-date prices. 

How can I calculate the value of my super?

You can calculate the current value of your super investment at any time by multiplying the number of units you hold in each investment option by the latest published sell price. You can find out how many units you currently hold by logging into your online account.  Please note that the units shown online do not allow for the exit fee payable if you leave the fund.

The investment return will depend on the investment option selected and the buy price applicable at the time of buying into that investment option (at the time each contribution or switch is made). If you make an enquiry about your account balance, the balance quoted will be based on the sell price.

Example: Unitised Investments

If you have 25,000 units in Media Super’s Balanced option valued at $1.04 per unit and 25,000 units in the Growth option valued at $1.02 per unit, then your total superannuation investment would be valued at:

Balanced Growth Total
25,000 x $1.04 25,000 x $1.02

= $51,500

 

Note: The Direct Investment option does not operate on a unitised basis. For more detailed information on the Direct Investment option, read the Direct Investment Guide.