Investments

Investment Options

Catholic Super offers 5 diversified options (Managed Choice Options) and 5 asset specific options (Build Your Own Options).

You can invest in one option or a combination of options. A change of option can be made as your investment needs change.

For more information about the Investment options available visit the Investment section of this website.

How are earnings allocated to your account?

Each of our investment options is assigned a unit price. Our independent master custodian* values the Fund ’s assets on a weekly basis and then calculates a unit price for each option based on this valuation.

Unitisation helps us to monitor and report on the value of Fund investments quickly and accurately.

The weekly unit price moves up and down depending on the investment performance of underlying assets.

What is unitisation?
Unitisation means that your Account Balance will be expressed in units as well as dollars for each investment option you have chosen.

How is my Account Balance determined?
When a deposit is made to your account (a contribution or rollover), units are allocated by dividing the dollar value of the transaction by the buy unit price applicable at the date of receipt of those monies for that particular investment option(s).

When amounts are withdrawn, units are redeemed from your account by dividing the dollar value of the amount being withdrawn by the sell unit price applicable at the date of processing for that particular investment option(s).

The current value of your Account Balance can be calculated by multiplying the number of units held by the latest sell unit price applicable for that investment option.

Please Note: Catholic Super does not apply a buy/sell spread to its unit prices. 

There is only a single unit price issued weekly - the buy and sell unit prices are the same.

How are unit prices determined?
The unit price for each investment option is calculated by dividing the market value of the Fund ’s assets comprising each investment option by the number of units on issue for the investment option, after allowing for non-member specific fees, taxes and buy/sell spreads. Specific fees include investment manager fees and custodian fees.

For more information visit the fees and charges section of this web site.

Switching investment options
You can switch between investment options on a weekly basis. A completed and signed Application to Change Investment Mix received during a Monday to Friday period will receive the price declared on the Tuesday of the following week. 

Your balance in the existing investment option(s) is calculated using the appropriate unit price(s) and is then reinvested in the new investment option(s) using that option(s) unit price(s).

The Application to Change Investment Mix can also be obtain by contacting us.

*Master Custodian
Catholic Super has appointed National Custodian Services as its Master Custodian.

A Master Custodian is an independent organisation appointed to safeguard and monitor the Fund ’s assets – your superannuation savings.

The main tasks of a Custodian include:

• the settlement of all transactions undertaken by Catholic Super ’s Investment Managers
• tracking and reconciliation of each transaction to ensure everything is properly accounted for
• the provision of comprehensive tax and accounting reports
• reporting on the performance of each of the Investment Managers.

National Custodian Services have a Unit Pricing division that calculates the weekly unit prices for each of Catholic Super ’s investment options.