Understanding the published crediting rates

The following crediting rates are published on this website every day:

1. Daily rate

A daily crediting rate is determined for each investment option. The Daily rate is the investment return for the day to be allocated to members’ accounts. It is determined after deducting all investment fees, expenses and providing for appropriate provisions such as tax. The rate is the last available rate. This may be up to three business days old.

2. Monthly rate

The Monthly rate is the investment return for the month after all investment fees and taxes. The rate is calculated from the daily rates on a compounding basis. This calculation is (1 + day) x (1 +day₂) x … (1 + day₅) – 1 where d_n is the daily (%) divided by 100 for the nth day of the month.


3. Year-to-date rate

The Year-to-date rate is the rate calculated from 1 July each year through to the most recent completed month. This rate is calculated by compounding the Monthly rates that are available and the latest available daily rates for the current month.

This rate will change every month depending on market fluctuations.

The crediting rates declared can be positive or negative depending on investment performance. A negative crediting rate can result in a reduction in your account balance.

When are crediting rates published

Daily rates and Year-to-date rates will be published each Melbourne business day. Updates of the Monthly rates are published every month.

A daily crediting rate is determined each Melbourne business day for each investment option (excluding ASX 200 Shares Investment Option). No daily crediting rates are determined for Saturdays, Sundays and Melbourne public holidays.

The timing each day for the reporting on investment performance is as follows:

The portfolios are valued each business day for each of the investment options.

• Trades executed and prices for securities held in global markets, ie. Europe and US, are received the next business morning.
• The portfolios are valued and checked for accuracy. 
• The custodian (JP Morgan) then takes this information and calculates the crediting rates effective the preceding day.
• AustralianSuper receives the rates from JP Morgan that afternoon. Further checks and balances are performed.
• The rates are then distributed by the next business morning.

Crediting rates for Saturday, Sunday and Melbourne public holidays are set at zero.

Since inception, quarterly, half-yearly and annual performance rates are generally available as follows:

AustralianSuper’s reserving policy

A reserve is the part of the Fund's assets that is not allocated to members' accounts when interest is credited. AustralianSuper maintains an investment contingency reserve which is funded by retaining a small part of investment earnings that would otherwise be allocated to members accounts via crediting rates.