Whitefield Ltd is
an ASX listed investment
company which invests
in a diversified portfolio
of listed Australian
Industrial Shares.

Investment Characteristics

CONCENTRATING ON INDUSTRIALS

Whitefield invests in ASX listed industrial shares, being all sectors of the ASX other than resources. This approach seeks to benefit from exposure to the long term growth of the Australian economy, the historically lower volatility of companies operating in non-resource industries and has the incidental benefit of lowering exposure to fossil fuel producers and emitters.

A STREAM OF FRANKED DIVIDENDS

Our Ordinary and Preference shares provide investors with a regular stream of franked dividends. Ordinary shareholders are also exposed to the potential for growth in both the dividend and capital value of their shares over time.

INDEX PLUS RETURNS

Our enhanced index portfolio structure seeks to provide investors with returns from exposure to the ASX200 Industrials, potential outperformance from our strategic overweight and underweight positions, while limiting the potential for relative underperformance.

NET ASSET BACKING PRE-DEFERRED TAX 2,3

WHF$5.40

FULLY FRANKED ANNUAL DIVIDEND 4,5

WHF20.5c

WHFPB402.5c

GROSS ANNUAL DIVIDEND YIELD INCLUDING FRANKING 4,5,6

WHF0%

WHFPB0%

GROSS ASSETS 3

$554m

1 Delayed by 20 minutes
2 Per ORD share
3 At 30 Apr 2021
4 Dividends are paid at the discretion of the company and are not guaranteed
5 Dividends are those paid for the last financial year
6 As a percentage of current share price

PERFORMANCE SUMMARY As at 30 Apr 2021

BEFORE TAX RETURNS 1
1 YEAR PA
3 YEARS PA
5 YEARS PA
10 YEARS PA
20 YEARS PA
Portfolio return
1 YR
3 YR
5 YR
10 YR
20 YR
26.00%
8.51%
8.40%
9.89%
7.93%
Benchmark return 2
1 YR
3 YR
5 YR
10 YR
20 YR
28.56%
8.57%
8.61%
10.36%
8.10%
Performance differential from benchmark
1 YR
3 YR
5 YR
10 YR
20 YR
(2.55%)
(0.05%)
(0.22%)
(0.47%)
(0.17%)
Share price & dividends return
1 YR
3 YR
5 YR
10 YR
20 YR
30.69%
12.65%
10.32%
11.80%
7.99%
Pre-deferred tax net asset backing & dividends return 4
1 YR
3 YR
5 YR
10 YR
20 YR
25.44%
7.26%
7.28%
9.33%
6.78%
Post-deferred tax net asset backing & dividends return 4
1 YR
3 YR
5 YR
10 YR
20 YR
19.76%
6.82%
6.80%
8.09%
6.88%
1 Both Portfolio and Benchmark returns are before expenses and Whitefield company tax 1 Both Portfolio and Benchmark returns are per annum and before expenses and Whitefield company tax
2 Benchmark is S&P / ASX 200 Industrials Accumulation Index
3 Returns are after all expenses and after the payment or provision of company tax by Whitefield 3 Returns are per annum and are after all expenses and after the payment or provision of company tax by Whitefield
4 Deferred Tax includes company tax on capital gains which would be payable if the company realised its entire investment portfolio

WHF share capital

ORDINARY SHARES (WHF)

Ordinary Shares provide an investor with exposure to changes in the underlying capital value of the company as well as an entitlement to receive ordinary share dividends as declared by the directors from time to time.

Ordinary Shares carry a right to vote on Company matters.

CONVERTIBLE RESETTABLE PREFERENCE SHARES (WHFPB)

The WHFPBs are non-cumulative, convertible, resettable, preference shares in the capital of Whitefield. They provide an investor with an entitlement to a fixed dividend until the stated reset date, at which time the company may elect to
convert, redeem or offer a reset on the preference share. Details on the WHFPBs are provided in the WHFPB Prospectus and Reset Notice.

WHFPB Prospectus
WHFPB Reset Notice

THE KEY TERMS

FACE VALUE

$100
PER WHFPB

DIVIDEND RATE

5.75% x
(1-TAX RATE) PA

CONVERSION DISCOUNT

2%

EXPECTED FRANKING

100%

NEXT RESET DATE

30-Nov-21

Dividend plans

Whitefield offers two dividend plans as an alternative to receiving cash: the Dividend Reinvestment Plan and the Bonus Share Plan. Details on each can be found in each Plan’s explanatory booklet.

Dividend Reinvestment Plan
Bonus Share Plan

Corporate governance

Corporate governance statement
Board Charter
Remuneration committee charter
Nomination committee charter
Code of conduct & ethics
Disclosure policy
Risk management policy
Diversity policy
Securities trading policy
Privacy policy