WHITEFIELD INDUSTRIALS LIMITED — Net Asset Value 2021

Nov 10, 2021

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NTA and Monthly Snapshot

October 2021

NET TANGIBLE ASSET BACKING

Whitefield advises that its Net Tangible Asset Backing [NTA] at the latest month-end was as follows.

		Prior
NTA [PER ORDINARY SHARE]	31 Oct 2021	Month
NTA (Before Deferred Tax)	$5.79	$5.80
NTA (After Deferred Tax)	$5.21	$5.21

Deferred tax, includes a provision for tax which would be payable if the company disposed of its entire investment portfolio at the relevant month end. However, as a long term investor, the company neither intends nor expects to sell its entire investment portfolio.

OTHER DETAILS

OTHER DETAILS
	31 Oct 2021
Net Tangible Asset Backing (Post Def Tax)	$574.6m
WHF Ordinary Shares on Issue	110,321,833
Convertible Resettable Pref Shares WHFPB	321,386
WHF Share Price	$5.79
Premium (Discount) to Pre Tax NTA	-0.04%
Premium (Discount) to Post Tax NTA	11.16%

PERFORMANCE SUMMARY

INVESTMENT RETURN	1 Qtr	1 Yr	3 Yr	10 Yr
Before Tax Returns (Portfolio return before costs &			tax)
WHF Portfolio	4.23%	28.30%	12.23%	11.98%
S&P/ASX 200 Industrials	4.92%	30.30%	12.36%	12.05%
After Tax Returns (Company return after costs & company tax)
Net Asset Backing (Pre-Def Tax)	4.01%	27.89%	11.26%	11.44%
Net Asset Backing (Post-Def Tax)	3.85%	23.83%	10.24%	9.65%
WHF Share Price	4.14%	26.55%	13.28%	12.89%

TOP 20 INVESTMENTS

	At 31 Oct	2021	%
	CBA	COMMONWEALTH BANK OF AUSTRALIA	9.77%
	CSL	CSL LIMITED	7.99%
	NAB	NATIONAL AUSTRALIA BANK LIMITED	5.69%
	WBC	WESTPAC BANKING CORPORATION	5.48%
	ANZ	ANZ BANKING GROUP LIMITED	5.10%
	MQG	MACQUARIE GROUP LIMITED	3.59%
	WES	WESFARMERS LIMITED	3.39%
	WOW	WOOLWORTHS GROUP LIMITED	2.52%
	TLS	TELSTRA CORPORATION LIMITED	2.38%
	TCL	TRANSURBAN GROUP	2.14%
	GMG	GOODMAN GROUP	1.97%
	ALL	ARISTOCRAT LEISURE LIMITED	1.69%
	APT JHX	AFTERPAY LIMITED JAMES HARDIE INDUSTRIES PLC	1.68% 1.41%
	SYD	SYDNEY AIRPORT	1.23%
	SHL	SONIC HEALTHCARE LIMITED	1.21%
	COL	COLES GROUP LIMITED	1.20%
	XRO	XERO LIMITED	1.01%
	QBE	QBE INSURANCE GROUP LIMITED	0.91%
	RMD	RESMED INC	0.88%
	Cash	CASH & CASH EQUIVALENTS	1.52%

SECTOR BREAKDOWN

	At 31 Oct 2021	%
	Financials	37.30%
	Health Care	13.05%
	Consumer Discretionary	10.18%
	Industrials	8.14%
	Real Estate	8.03%
	Consumer Staples	5.98%
	Information Technology	5.33%
	Communication Services	5.05%
	Materials	3.62%
	Utilities	1.79%
	Cash	1.52%
		100.00%

_Contact Details

Suite 16.01 Level 16, 68 Pitt Street Sydney NSW 2000

Phone +61 2 8215 7900 Email mail@whitefield.com.au

Reliable. Efficient. Consistent.

Whitefield Limited ABN 50 000 012 895

whitefield.com.au