How unit prices work

Units work in a similar way to shares. You can see how much your super is worth on any day by looking up the unit price for your chosen investment option and multiplying the number of units you hold by the unit price.*

   Number of units held
 x  Daily unit price
 =  Your super's value
* Unitisation applies to accumulation style arrangements and Telstra Super RetireAccess®. It does not apply to Defined Benefit arrangements.
† Your super’s value is calculated after deducting where applicable, any insurance costs, contribution taxes and administration fee.

The value of your units can go up or down from day to day as it reflects returns on the investments in your chosen investment option. A new unit price will be set daily as the value of the underlying assets in the investment option(s) changes.

Contributions made by your employer and yourself buy units in the investment options you have chosen. Any money withdrawn from your account reduces the number of units held.

Units make understanding your super easier because you can track the value of your super using the number of units you have and the daily unit prices.

How unit prices are set

Unit prices reflect earnings on the investments of your chosen investment option. A new unit prices is set each Victorian Business Day. The unit prices take into consideration the earnings of each of Telstra Super’s options and the Fund’s total value of assets.

We use 'forward pricing' when we calculate the daily movement in the value of the Fund's assets. Forward pricing means that the declared unit price for, say, Monday, will be based on the value of the Fund's assets at the close of business on Monday. The unit price will then be released and applied to Monday's transactions (i.e. purchase and disposal of units) from 12 noon on Tuesday. A similar approach will apply to every other Victorian Business Day.

When determining the value of the Fund's assets at the close of business on any particular day:

  • Australian assets will be valued at their closing market value on that day
  • overseas assets will be valued at the closing market value on the previous business day.

Unit prices are net of investment management fees, taxes and administration fees, but before any fee rebates or insurance costs are applied for Telstra Super Personal Plus members. Unit prices for Telstra Group employees are net of investment management fees and taxes but before deducting the $1 per week administration fee and any insurance costs. Telstra Super RetireAccess® unit prices are net of investment management fees and the administration fee but before any applicable insurance costs or fee rebate are applied. Telstra Super RetireAccess unit prices exclude taxes, as investment earnings are not taxed in this arrangement.

Our unit price page details the most recent unit price for all investment options.

Investment performance

Another way to track your super’s progress is through investment returns. Telstra Super’s investment returns are updated monthly and show you the return for your chosen investment option(s) over a 12 month, 3 year, 5 year, 7 year and 10 year period. Investment returns are applied to your accumulation account daily in the calculation of the daily unit prices.

Our monthly market updates also provide a handy overview of how investment markets world-wide have performed each month.