Whitefield Income

What Whitefield Income does

Whitefield Income Ltd (ASX: WHI) is an Australian listed investment company (LIC) that invests in a diversified, actively managed portfolio of 70–100 equity securities primarily drawn from the S&P/ASX300 universe, with a deliberate focus on industrial (non-resource) shares. Listed in December 2024, the vehicle is part of the broader Whitefield Group, which traces its origins to Australia's first listed investment company (Whitefield Industrials Ltd, founded 1923), and it is externally managed by Whitefield Capital Management Pty Ltd. The investment process is built on a proprietary, systematic, quantitatively based framework that combines multi-year historical financial and operating data with the full spectrum of IBES analyst forecasts to produce rules-based portfolio decisions, with the company emphasising consistency, low turnover, cost efficiency and risk control as core design objectives.

The core product is a single ASX-listed investment vehicle that distributes the majority of its total return to shareholders in the form of monthly franked dividends, supported by an in-house quantitative investment infrastructure rather than external active management or third-party funds. Reported portfolio outcomes as of June 2026 include 7.67% (1-year), 13.36% (3-year) and 8.64% (5-year) returns, a gross annual dividend yield of 8.29% inclusive of franking credits, and a portfolio CO2 emissions intensity approximately 65% lower than the S&P/ASX200. Gross assets stood at approximately A$374 million as of July 2026.

Whitefield Income does not charge fees directly to retail shareholders; instead, Whitefield Capital Management Pty Ltd earns management fees (and performance fees where applicable) from the LIC and from separately managed institutional and wholesale portfolios under fund management agreements, on a managed-services basis. Shares are distributed exclusively through the ASX secondary market via online and full-service stockbrokers, with investor communications, education and marketing delivered through ASX announcements, the Whitefield website, video and podcast content (including ASX The Ideas Exchange and Shares for Beginners), an email newsletter and a Twitter/X and LinkedIn presence.

Name

Whitefield Income

Legal name

Whitefield Income Limited

Website

https://whitefield.com.au

Company type

Public

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Whitefield Income Ltd (ASX: WHI) is an Australian listed investment company that systematically invests in 70–100 S&P/ASX300 industrial equities and distributes monthly franked dividends to retail and institutional shareholders, externally managed by Whitefield Capital Management.

Ownership category

akta.pro rank

Product category

Listed Investment Company (Australian Equities)

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Large-Cap Equity (Active) (FSAAAIAA)

Keywords

• Listed investment company
• Equity portfolio management
• Quantitative investment strategy
• Franked dividend income
• Australian equities investing

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management Fees: Whitefield Capital Management Pty Ltd receives management fees paid by the Funds under management agreements based on the value and performance of the portfolios.
2. Performance Fees: Whitefield Capital Management receives fees based on performance of investment portfolios managed for the funds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

Whitefield Income Limited (ASX: WHI) is an Australian listed investment company that invests in a diverse, actively managed portfolio of 70-100 equity securities primarily drawn from the S&P/ASX300 universe. The company applies a systematic, dividend-focused strategy that invests around income recognition and dividend payment periods, and distributes the majority of its total return to shareholders through monthly franked dividends. Investment management is performed by Whitefield Capital Management Pty Ltd using a proprietary systematic quantitative framework.

Product overview

Whitefield Income operates as a single core product offering: Whitefield Income Ltd (WHI), an ASX-listed investment company that provides investors with exposure to Australian shares through a systematic, dividend-focused investment strategy. The company invests in 70-100 equity securities primarily from the S&P/ASX300 universe and distributes monthly franked dividends to shareholders. The investment approach is quantitative and systematic, focusing on generating returns over income recognition and dividend payment periods rather than relying on traditional stock selection. Whitefield Income does not offer additional modules, sub-products, or add-on services - it is a focused investment vehicle with a single stated strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Whitefield Income Ltd (ASX: WHI) Whitefield Income Ltd (WHI) is an ASX-listed investment company that invests in a diversified, actively managed portfolio of 70-100 equity securities primarily drawn from the S&P/ASX300 universe. It employs a systematic, dividend-focused investment strategy managed by Whitefield Capital Management Pty Ltd and distributes the majority of its total return as monthly franked dividends to shareholders. The product is targeted at retail investors seeking franked dividend income and long-term capital growth from Australian industrial equities.

Quantifiable outcome

• Portfolio return of 7.67% (1yr), 13.36% (3yr), 8.64% (5yr) as of June 2026
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• BKI Investment Company (ASX:BKI): ASX LIC with a diversified portfolio of Australian equities and a long-running dividend track record. Comparable structure, retail investor base, and franked dividend proposition.
• Plato Income Maximiser (ASX:PL8): ASX LIC run by Plato Investment Management with a focus on Australian dividend-paying equities and enhanced franked income. Direct peer in dividend-focused LIC strategy.
• Australian Foundation Investment Company (AFIC, ASX:AFI): Australia's largest LIC, focused on a diversified portfolio of Australian listed equities with a long-term, dividend-oriented approach. Closest comparable large-cap diversified LIC and benchmark for the segment.
• Whitefield Industrials (ASX:WHF): Sister LIC managed by the same Whitefield Capital Management team, applying a related systematic framework to Australian industrial equities with A$741M gross assets. Direct peer in strategy, governance, and product structure.
• Djerriwarrh Investments (ASX:DJH): ASX LIC focused on Australian equities with an options overlay strategy to enhance income. Comparable LIC structure and Australian equity mandate with income orientation.
• Perpetual Equity Investment Company (ASX:PIC): ASX LIC managed by Perpetual, applying active, value-oriented investment across Australian equities. Comparable LIC structure with active management and dividend distribution focus.
• Milton Corporation (ASX:MLT): Established ASX LIC with diversified Australian equity portfolio and dividend focus. Similar investor base of retail and yield-seeking shareholders.
• WAM Leaders (ASX:WLE): ASX LIC managed by Wilson Asset Management, focused on large-cap Australian equities with an active, research-driven approach. Comparable LIC structure, large-cap focus, and active management philosophy.
• Argo Investments (ASX:ARG): Long-established ASX LIC applying a conservative, long-term investment approach to Australian equities. Comparable mandate of diversified Australian equities with franked dividend focus.
• Magellan Global Fund (ASX:MGF): Closed-end ASX-listed fund applying active, fundamental investment management to a concentrated equity portfolio. Comparable active-management LIC structure, though investing globally rather than in Australia.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/Whitefield_LICs
• LinkedInlinkedin.com/company/whitefield-group

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Whitefield Income