As the unit price is struck on the last business day of each month, you will not know the exact ‘price’ you paid for your units until after month end, although the previous month’s unit price is a good starting guide.
To avoid large numbers of applications received towards month end, investors are offered an interest incentive to complete and submit their application form before the 20th calendar day of each month.
In such instances, investors receive interest at RBA cash rate plus 2% per annum, pro rata interest from the day they submit a completed application until the date that units are issued.
More information about this offer is included on page 20 of the Product Disclosure Statement.
