We have identified an accounting provision error that has caused the value of investment options with a high asset allocation to the Fund’s CASH portfolio to be overvalued, resulting in incorrect unit price calculations for those options.
We corrected this provision on 25/3/21 which caused unit prices to fall as indicated below.
| Option | % |
|---|---|
| Cash | 0.67% |
| Defensive Index | 0.15% |
| Defensive Active | 0.15% |
All affected member transactions will be corrected and reprocessed using the correct unit price to attribute the correct earnings and restore the member accounts to their correct values.
The review process is complicated and will take some time but will be completed as soon as possible.
Please contact us if you have any questions about this error:
For smartMonday PENSION accounts ph: 1300 112 03
For smartMonday TESF accounts ph 130 614 644
For smartMonday accounts ph: 1300 880 588
For smartMonday Enterprise accounts ph: 1800 816 575
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