Whitefield Income Delivers 7.4% Fully Franked Yield Amid Rising NTA

Steady Asset Backing and Premium Valuation

Whitefield Income Limited has released its June 2025 monthly update, revealing a net tangible asset (NTA) backing of $1.26 per share, unchanged from the prior month. The company’s shares are trading at $1.345, representing a 7% premium to the NTA, signaling investor confidence in the fund’s underlying portfolio and income strategy.

The premium to NTA suggests that the market values Whitefield’s income stream and portfolio quality above its net asset value, a positive indicator for current and prospective shareholders.

Attractive Fully Franked Dividend Yield

Whitefield continues to deliver a fully franked dividend yield of 7.4%, an attractive feature for investors seeking tax-efficient income. The company declared monthly dividends of 0.583 cents per share for July, August, and September 2025, maintaining a consistent payout rhythm that supports investor income expectations.

This steady dividend stream, combined with franking credits, enhances the total return potential for shareholders, particularly in a low-interest-rate environment where reliable income is prized.

Portfolio Composition and Sector Exposure

The fund’s portfolio remains diversified, with gross assets valued at $202 million. The top 10 investments include well-known Australian companies such as Metcash Ltd, Charter Hall Group, and Graincorp Ltd, reflecting a balanced exposure across materials, consumer staples, and real estate sectors.

Sector-wise, materials constitute the largest allocation at 32.5%, followed by consumer staples at 14.9% and real estate at 12.6%. This mix underscores Whitefield’s focus on stable, income-generating assets with defensive characteristics.

Performance Since Listing

Since its listing in December 2024, Whitefield Income has delivered a total return of 12.93% per annum, including franking credits, with portfolio returns after costs at 8.77% per annum. These figures highlight the fund’s ability to generate consistent income and capital growth, aligning with its stated strategy of systematic equity income.

Investors should note that the fund’s returns have outpaced the benchmark S&P/ASX300 Equally Weighted Franking Credit Adjusted Total Return Index over the same period, reflecting effective portfolio management.