67 lines
4.1 KiB
Markdown
Executable File
67 lines
4.1 KiB
Markdown
Executable File
# MANNING FAMILY SUPERANNUATION FUND
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## INVESTMENT STRATEGY
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**ESTABLISHMENT DATE:** 12/02/2026
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### 1. INVESTMENT OBJECTIVE
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The objective of the Fund is to maximize member retirement benefits by achieving a long-term average return that exceeds the Consumer Price Index (CPI) by at least **4% to 5% per annum** over rolling 5-10 year periods. The Trustees accept a **High** risk profile to achieve this growth.
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### 2. ASSET ALLOCATION RANGES
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To achieve the objective, the Fund will invest within the following ranges:
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| Asset Class | Min % | Max % | Target % |
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| :--- | :--- | :--- | :--- |
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| **Cash & Term Deposits** | 0% | 100% | 10% |
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| **Cryptocurrency (Bitcoin)** | 0% | 70% | 60% |
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| **Tokenized Precious Metals (Gold/Silver)** | 0% | 40% | 20% |
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| **Australian & International Equities** | 0% | 50% | 10% |
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| **Property / Infrastructure** | 0% | 50% | 0% |
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*(Note: The Trustees acknowledge that market volatility may cause actual weightings to drift outside these ranges temporarily. Such drift will be addressed at the next Trustee meeting or annual review.)*
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### 3. INVESTMENT RATIONALE
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#### **A. Cryptocurrency (Bitcoin) - High Growth Allocation**
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The Trustees have determined to allocate the majority (approx. 60%) of the Fund to Bitcoin.
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* **Rationale:** The Trustees view Bitcoin as a long-term store of value ("digital gold") and a high-growth asset class that offers protection against monetary debasement.
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* **Risk Mitigation:**
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* The Fund will hold Bitcoin primarily in **cold storage/hardware wallets** (self-custody) to eliminate exchange counterparty risk.
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* The Trustees possess the technical expertise to manage private keys securely.
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#### **B. Tokenized Precious Metals - Inflation Hedge**
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The Fund will invest approximately 20% in Gold and Silver.
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* **Method:** The Fund may utilize tokenized assets (such as **Gold Standard (AUS)** and **Silver Standard (AGS)**) purchased via Australian exchanges (e.g., CoinSpot) and backed by physical metal (e.g., via Ainslie Wealth).
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* **Rationale:** This provides exposure to the stability and inflation-hedging properties of physical metals without the storage costs, insurance complexities, and illiquidity of holding physical bullion bars.
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* **Risk Note:** The Trustees acknowledge this introduces counterparty risk (the issuer holding the metal) and technology risk (smart contract risk), which is accepted in exchange for liquidity.
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#### **C. Equities (Stocks) - Diversified Growth**
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The Fund will invest approximately 10% in Australian or International equities (via platforms like Stake) to provide dividend income and capital growth distinct from the cryptocurrency market.
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#### **D. Cash - Liquidity**
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The Fund will maintain sufficient cash (in the CMA) to cover annual taxes, accounting fees, and statutory levies.
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### 4. DIVERSIFICATION WARNING
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The Trustees acknowledge that the Fund's heavy weighting towards Bitcoin (60%) and Precious Metals (20%) represents a concentrated portfolio. The Trustees have considered the lack of traditional diversification and **accept this risk**, believing that the potential for superior returns in these specific asset classes outweighs the benefits of broad diversification at this stage of the Fund’s lifecycle.
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### 5. LIQUIDITY & CASH FLOW
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The Trustees have reviewed the cash flow requirements of the Fund. As the members are in the accumulation phase and not currently drawing a pension, the Fund does not require high levels of regular liquidity. The Cash allocation is sufficient to meet running costs.
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### 6. INSURANCE
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The Trustees have considered holding Life, TPD, and Trauma insurance for members within the Fund.
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* **Decision:** The Trustees have decided **NOT** to hold insurance inside the Fund at this time.
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* **Reason:** Members hold adequate insurance policies outside the Fund / or have determined insurance is not cost-effective. (The Trustees will review this annually).
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### 7. EXECUTION
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**SIGNED** by the Trustees as being an accurate reflection of the Fund’s investment strategy.
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_________________________
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**Michael Howe Manning**
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_________________________
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**Catherine Jane Manning** |