Introduction of daily unit pricing
29 March 2021
BUSSQ will move to daily unit pricing on 1 April 2021.
From this date the unit price for all BUSSQ’s investment options will be calculated daily and the value of your investment(s) will change daily.
This move from weekly to daily unit pricing is a positive change for you. You will see a more up to date account balance in MemberAccess and investment switches you make will be processed faster and effective sooner.
You can see the latest unit price for our investment options on our website and you can also log into MemberAccess to see the total value of your investment(s), the number of units you have and the unit price.
What will happen when I make an investment switch?
If you have a BUSSQ Premium Choice or Income account you can change (switch) your investment option or mix of options, at any time.
With the change to daily unit pricing from 1 April 2021 switch requests received before 6pm (AEST/AEDT*) each business day will be effective two business days later, except where there are public holidays as no unit price is declared on national or NSW public holidays. In times of high volatility, BUSSQ reserves the right to suspend the calculation of unit prices.
For example, if you submit a request to switch investment options on a Tuesday you will see this change on your account in MemberAccess on Thursday, two business days later.
You can change your investment option(s) over the phone by calling 1800 692 877, online in MemberAccess or by submitting the Investment choice form available on our website.
What is unit pricing and how does it work?
A unit is a share in an investment option and the unit price is the value of one unit.
When you invest with BUSSQ or put money into your account you buy a number of units in the investment option(s) of your choice. The value of your investment depends on the number of units that you have and the unit price for the investment option you’re in. Each BUSSQ investment option has a different unit price.
If you have $150,000 to invest in the Balanced Growth option on 1 July when units in that option are valued at $1, you will start your account with:
|Value of units at 1 July||$1|
|Number of units bought||150,000|
The nature of investment markets means that the value of your units can rise or fall. When investment returns are positive the unit price will usually increase and if investment returns are negative the unit price will usually decrease.
With unit prices calculated daily you will see the value of your investment(s) change daily based on whether the unit price has gone up or down.
The value of your investments will also change when money is contributed into your account and money or fees are taken out of your account.
If you would like more information on unit pricing, please give us a call on 1800 692 877.
*AEST = Eastern Standard Time (during winter, e.g. 6pm in QLD) AEDT = Eastern Daylight Time (during summer, e.g. 5pm in QLD).
This information is general advice only and does not take into account or consider your personal objectives, financial situation or needs. Before acting, you should review the relevant Product Disclosure Statement to ensure you have all the information about the BUSSQ product and how it works and consider the appropriateness of the information to your needs or seek independent advice from a properly qualified professional. Prepared by BUSS (Queensland) Pty Ltd (ABN 15 065 081 281, AFSL 237860) as Trustee for BUSSQ (BUSSQ Fund, ABN 85 571 332 201).