Ainslie Bitcoin & Bullion Fund.

The Ainslie Bitcoin & Bullion Fund is an unregistered wholesale managed investment scheme aiming to preserve and grow capital by strategically allocating assets across Bitcoin, Gold, and Silver, with the objective of outperforming the Reserve Bank of Australia Cash Rate plus four per cent per annum.

The Fund's philosophy centres on these assets' potential to outperform monetary debasement and preserve wealth. The Investment Manager employs a disciplined strategy, actively adjusting the portfolio based on macroeconomic trends and global liquidity conditions.

This involves increasing Bitcoin exposure early in the economic cycle, shifting towards Silver while maintaining Bitcoin mid-cycle, and prioritising Gold during economic tightening to optimise performance across dynamic market phases.

The Fund is a wholesale fund, or an unregistered managed investment scheme structured as a unit trust. In this structure, money invested in the scheme by all Investors is pooled and used to buy investments, which are managed on behalf of all Investors by the Investment Manager. The Trustee has day-to-day control over the operation of the Fund. By investing in the Fund, Investors access Ainslie Wealth's specialist knowledge and investment strategies.

Investment Objective

The investment objective is to preserve and grow capital by strategically allocating assets to Bitcoin, Gold, and Silver with the aim of outperforming the RBA Cash Rate plus 4% p.a. The Investment Manager intends to implement a strategy that monitors macroeconomic trends and global liquidity conditions to inform its investment decisions.

Depending on the economic phase, the portfolio adjustments will be as follows:

• At the onset of the cycle's recovery phase, the Investment Manager will increase its investment in Bitcoin, while reducing exposure to Gold and Silver.
• During the transition from mid to late cycle, the Investment Manager will adjust its allocation towards Silver, based on the Gold to Silver ratio (GSR) and market indicators, reducing Gold allocation but maintaining a significant position in Bitcoin.
• As the cycle tightens, Gold is prioritised, with Bitcoin and Silver receiving significantly smaller allocations.

Investment Philosophy

The Fund's investment philosophy is centred around the belief that Bitcoin, Gold, and Silver are assets that can outperform monetary debasement and preserve wealth during periods of economic uncertainty. It seeks to capture the historically large increases in Bitcoin prices at certain periods and to protect investments by holding Gold before large historical retracements and during periods of economic uncertainty that favour Gold.

The Fund actively invests in Gold, Silver, and Bitcoin, with investment decisions driven by monitoring macroeconomic trends and global liquidity conditions.

The Fund's investment strategy is designed to respond to economic cycles and adjust allocations accordingly. In response to economic cycle stages, the Investment Manager will increase Bitcoin exposure in the early recovery phase, shift to Silver but maintain a significant Bitcoin position in the mid to late cycles, and prioritise Gold during downturns.

The Investment Manager will prudently manage inflows and outflows to maintain its strategic outlook and weighting targets, with a view to minimising spread costs.

The Investment Manager is focused on applying a methodical and highly structured approach to the investment process and investment decision making. The Investment Committee convenes weekly to discuss and refine the macroeconomic framework under which the manager operates.

Each of these meetings is guided by a pre-prepared report that includes critical economic indicators essential for their strategic deliberations. The Investment Committee assesses the current economic landscape and determines the prevailing liquidity phase. This analysis forms the basis for adjusting the Investment Manager's investment strategies for the subsequent week, aligning them with the observed economic conditions.

This structured approach ensures that the Investment Manager's investment decisions are continuously updated, responsive, and strategically informed, thereby optimising performance in a dynamically changing economic environment. The investment process is thorough and disciplined. It provides for various checkpoints for the Investment team to decide on whether to progress the Fund to the next stage of the investment process.

• Strategic Asset Mix: Access a curated portfolio of Gold, Silver, and Bitcoin, precisely and strategically allocated for resilience and growth in a fluctuating economy.
• Dual-Advantage Investments: Benefit from assets with a proven track record of not just safeguarding but also increasing profitability.
• Secure, Direct Redemption: Take additional comfort in the assurance of physical, in-specie redemption of assets, securely stored by an Australian custodian.
• High Liquidity: Weekly cash and in-specie redemptions with highly liquid assets, ensuring accessibility.
• Expert-Led Growth Strategy: Trust in our macroeconomic analysis and global liquidity insights, employed to dynamically optimise portfolio performance amidst evolving market conditions.

2008 marked a pivotal shift in the global financial landscape, coinciding with the birth of Bitcoin. This period witnessed the onset of an unprecedented monetary expansion regime from central banks in response to the Global Financial Crisis. This shift has had profound implications for investors and asset management strategies as liquidity expansion has rewritten traditional metrics and drivers.

The Ainslie Bitcoin & Bullion Fund recognises that the monetary and fiscal expansion regime demands a new approach to portfolio construction.

Bitcoin's unique status and potential for long-term growth stems from its decentralised nature, limited supply, and expanding adoption. This combination positions Bitcoin to capitalise on network effects as described by Metcalfe's Law, which posits that a network's value increases exponentially with the number of users.

By combining Gold, Silver, and Bitcoin, the Ainslie Bitcoin & Bullion Fund offers investors exposure to an asset class that can weather the storms to provide long-term capital appreciation and protection. These assets have demonstrated resilience and growth potential in various economic environments, making them valuable components for any investor's portfolio.

The information in this website has been prepared by Ainslie Wealth Holdings Pty Ltd (ABN 75 647 626 784) as the Trustee of the Ainslie B & B Fund. The Trustee is a corporate authorised representative (CAR No. 1315240) of Ainslie Group Holdings Pty Limited (ABN 94 676 163 974, AFSL 560644) and appoints Ainslie Group Holdings as its AFS licensed intermediary under s911A(2)(b) of the Corporations Act 2001 (Cth) to arrange for the offer to issue, vary or dispose of units in the Fund.

The material is for general information only and is not an offer for the purchase or sale of any financial product or service. The material has been prepared for investors who qualify as wholesale clients under sections 761G of the Corporations Act or to any other person who is not required to be given a regulated disclosure document under the Corporations Act. The material is not intended to provide you with financial or tax advice and does not take into account your objectives, financial situation or needs.

Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Past performance may not be indicative of future performance and no guarantee of performance, return of capital or a particular rate of return is given by Ainslie Group Holdings, the Trustee or any other person. To the maximum extent possible, Ainslie Group Holdings, the Trustee or any other person do not accept any liability for any statement in this material.