Unit prices
| Strategy | Buy | NAV | Sell | Effective Date | Past prices |
|---|---|---|---|---|---|
| Balanced Trust | $1.0539 | $1.0444 | $1.041 | 29 July 2010 | Price History |
| Smaller Companies Trust | $1.5483 | $1.5455 | $1.5427 | 29 July 2010 | Price History |
| Larger Companies Trust | $1.4158 | $1.4131 | $1.4104 | 29 July 2010 | Price History |
| Income Trust | $0.9655 | $0.9655 | $0.9655 | 29 July 2010 | Price History |
| International Equities Trust | $0.7203 | $0.7188 | $0.7173 | 29 July 2010 | Price History |
| Property Trust | $1.0635 | $0.9957 | $0.9759 | 29 July 2010 | Price History |
Introduction of buy-sell spreads
A buy-sell spread was introduced for the managed funds on 1 October 2009. The buy-sell spread is an adjustment to the unit price so that there is a difference between the entry and exit price for each managed fund. The buy-sell spread is retained within the managed fund. It is not a fee paid to us. The buy-sell spread is built into the unit price and therefore will not appear on investor statements.
How unit prices are calculated
Unit price = net assets of the managed funds investment choice / total number of units on issue for that investment choice
The close of business price will be used for investment applications or redemption (withdrawal) requests received before or at 3.00pm Canberra time on a business day. Applications or redemptions received after 3.00pm or on a non-business day are processed using the close of business price for the next business day.