8.0 KiB
MANNING FAMILY SUPERANNUATION FUND
INVESTMENT STRATEGY — UPDATED VERSION
Original establishment date: 12/02/2026
Updated/reviewed: 17/05/2026
Purpose of update: Reflect actual recorded SMSF holdings, current cash position, and proposed A$20,000 physical precious metals allocation.
1. INVESTMENT OBJECTIVE
The objective of the Fund is to maximise member retirement benefits by achieving long-term growth above inflation over rolling 5-10 year periods. The Trustees accept a High risk profile in pursuit of this objective, including exposure to Bitcoin, growth equities, technology/AI-related businesses, and defensive hard assets.
The Trustees acknowledge that the Fund is growth-oriented and may experience significant volatility over shorter periods.
2. CURRENT / PROPOSED ASSET ALLOCATION
The following table reflects the Fund’s current locally recorded holdings and the proposed physical precious metals purchase of up to A$20,000.
| Asset Class | Current / Proposed Holding | Approx. Amount | Approx. % of Fund | Strategic Role |
|---|---|---|---|---|
| Cryptocurrency — Bitcoin | 1.37685299877 BTC | A$149,990.18 | 64.5% | High-growth / digital store-of-value allocation |
| Australian & International Equities | NDQ, GOOGL, NVDA, TSLA | A$42,470.13 | 18.3% | Growth exposure, technology/AI, global equities diversification |
| Physical Precious Metals — Gold/Silver | Proposed physical allocation | A$20,000.00 | 8.6% | Defensive diversifier / hard-asset store of value |
| Cash / Unallocated | Cash and broker balances | A$20,026.69 | 8.6% | Liquidity, fees, tax, future investment flexibility |
| Total | A$232,487.00 | 100.0% |
Amounts are based on recorded SMSF cost base / available capital records and are not live market valuations. Actual percentages may vary with market movement, FX movement, fees, and future transactions.
3. STRATEGIC ASSET ALLOCATION RANGES
To support the Fund’s objective, the Trustees may invest within the following broad ranges:
| Asset Class | Min % | Max % | Current / Proposed % | Target / Preferred Position |
|---|---|---|---|---|
| Cash & Term Deposits | 0% | 30% | 8.6% | 5-15% |
| Cryptocurrency — Bitcoin | 0% | 70% | 64.5% | 50-65% |
| Physical Precious Metals — Gold/Silver | 0% | 20% | 8.6% | 5-10% |
| Australian & International Equities | 0% | 50% | 18.3% | 15-30% |
| Property / Infrastructure | 0% | 30% | 0.0% | 0-10% |
The Trustees acknowledge that market volatility may cause actual weightings to drift outside preferred positions. Any material drift will be considered at the next Trustee meeting or annual investment strategy review.
4. INVESTMENT RATIONALE
A. Cryptocurrency — Bitcoin
The Trustees have determined that Bitcoin may form a significant part of the Fund’s long-term growth strategy.
- Rationale: Bitcoin is viewed as a scarce digital asset and potential long-term store of value, with potential protection against monetary debasement.
- Risk acknowledgement: Bitcoin is highly volatile and may experience large drawdowns. The Trustees accept this risk as part of the Fund’s high-growth profile.
- Control and custody: The Trustees must maintain appropriate records of acquisition, ownership, custody, wallet/exchange arrangements, and annual valuation evidence.
B. Australian & International Equities
The Fund holds Australian and international equity exposure, including broad Nasdaq exposure and selected direct US technology/growth shares.
- Current recorded holdings: NDQ, GOOGL, NVDA, TSLA.
- Rationale: Equities provide exposure to productive businesses, global technology platforms, AI-related growth, cloud computing, semiconductors, automation, and capital growth opportunities outside cryptocurrency.
- Risk acknowledgement: The Trustees acknowledge equity market risk, valuation risk, concentration risk in technology/growth businesses, and foreign currency risk for US holdings.
C. Physical Precious Metals — Gold/Silver
The Trustees have resolved to allow a physical precious metals allocation of up to A$20,000, primarily gold and silver.
- Rationale: Physical precious metals may provide defensive diversification against equity market risk, currency debasement, inflation, financial-system stress, and concentration in Bitcoin and technology/growth assets.
- Preferred structure: Allocated physical bullion held with a reputable Australian bullion provider/custodian is preferred over tokenised, pooled, or personally held arrangements.
- Gold/Silver weighting: Gold is expected to form the core of the allocation due to its monetary/store-of-value characteristics. Silver may be held as a smaller complementary allocation.
- Records required: Purchase invoices, holding statements, storage/custody evidence, insurance details where available, annual valuations, and evidence of SMSF ownership should be retained.
D. Cash & Liquidity
The Fund will maintain sufficient cash to meet expected expenses, tax obligations, accounting/audit fees, statutory costs, and future investment opportunities.
The Trustees acknowledge that reducing cash to fund the precious metals allocation still leaves a modest cash reserve and will review liquidity as part of ongoing fund management.
5. DIVERSIFICATION AND CONCENTRATION RISK
The Trustees acknowledge that the Fund remains concentrated, particularly in Bitcoin and technology/growth-oriented assets. The Trustees have considered the risks of inadequate diversification and accept them in the context of the members’ objectives, time horizon, risk tolerance, and preference for long-term growth.
The proposed physical precious metals allocation is intended to improve diversification by adding a defensive hard-asset component that is not directly reliant on Bitcoin, equity markets, corporate earnings, or technology-sector valuations.
6. LIQUIDITY & CASH FLOW
The Trustees have reviewed the cash flow requirements of the Fund. As the members are in the accumulation phase and are not currently drawing pensions, the Fund does not require high levels of regular liquidity.
The Trustees will retain sufficient cash or liquid assets to meet expected expenses and statutory obligations. The Trustees acknowledge that Bitcoin, equities, and precious metals can be volatile and that liquidity timing may vary during stressed market conditions.
7. SOLE PURPOSE, OWNERSHIP, AND RECORD KEEPING
All investments must be made and maintained for the sole purpose of providing retirement benefits to members, or death benefits where applicable.
The Trustees confirm that investments must:
- be permitted by the Fund’s trust deed and superannuation law;
- be made on an arm’s-length basis and at market value;
- show clear legal ownership by the Fund;
- be supported by appropriate source documents, transaction records, valuations, custody records, and audit evidence;
- be reviewed regularly against the Fund’s investment strategy, risk profile, liquidity needs, and member retirement objectives.
8. INSURANCE
The Trustees have considered whether the Fund should hold Life, TPD, or other insurance cover for members.
Decision: The Trustees have decided not to hold insurance inside the Fund at this time.
Reason: The Trustees have considered member circumstances, existing arrangements, cost-effectiveness, and the Fund’s objectives. This decision will be reviewed periodically or when member circumstances materially change.
9. REVIEW
The Trustees will review this investment strategy at least annually and when there is a material change to the Fund’s circumstances, member circumstances, asset allocation, liquidity needs, or investment objectives.
10. EXECUTION
SIGNED by the Trustees as being an accurate reflection of the Fund’s updated investment strategy.
Michael Howe Manning
Catherine Jane Manning