Valuation of Assets

MTAA Super’s policy is to value the Fund’s investments regularly so that it can process transactions at values that are materially fair and equitable.

For valuation purposes, MTAA Super’s investments and financial exposures are divided into four categories- depending on whether the asset is listed or unlisted and whether it is held directly or indirectly (through a pooled vehicle). The valuation framework differs for each category. For example, listed assets held directly are generally valued at their closing price on the relevant market, while unlisted assets held directly are valued according to an approved methodology.

MTAA Super’s Valuation policy is designed to provide the framework for the Fund’s investment valuation process, which is central to the Fund’s investment strategy and operations, and is a key component to the Fund’s crediting rate process and financial statements. This policy outlines the Trustee’s approach to valuation issues such as instruction, frequency and review.

Information regarding the valuation frequency of MTAA Super’s assets are outlined in the MTAA Super Valuation Policy.

There is a risk that assets, especially unlisted assets, may not be able to be sold in a relatively short period without affecting the price of the asset. MTAA Super monitors liquidity risk constantly and has a policy for managing it. Download the Liquidity Policy.