WHF

 WHF Whitefield

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Whitefield Industrials (ASX:WHF) is a long-standing listed investment company (LIC) focused exclusively on Australian industrial and non-resource shares. Compared to Argo Investments Limited (ASX:ARG), WHF is much smaller and purely industrial-focused, whereas ARG is a large-cap diversified blue-chip LIC. [1, 2, 3, 4]

Overview of ASX:WHF

Focus: Specializes in Australian industrial, financial, and services stocks while strictly excluding resources and mining companies.
Scale: Smaller mid-cap LIC with a market capitalization around $567 million.
Share Price & Yield: Trades around $4.68 with a dividend yield near 4.49%.
History: Founded in 1923, making it one of Australia's oldest operating LICs. [1, 2, 3]

Comparison: WHF vs. ARGO (ASX:ARG)

Metric	Whitefield Industrials (WHF)	Argo Investments (ARG)
Market Cap	~$567 million	~$6.84 billion
Share Price	~$4.68	~$9.14
Dividend Yield	~4.49%	~4.23%
Investment Mandate	Purely industrial / non-resource companies (~160 stocks)	Broadly diversified across the entire ASX, including resources and banks
Scale & Cost Advantage	Smaller size, externally managed structure	Massive scale with very low internal management costs (approx. 0.14%–0.15%)

Key Takeaways

Portfolio Scope: If you want to avoid exposure to mining and resources cycles, WHF offers a targeted industrial and financial filter. ARGO provides a more traditional, all-market blue-chip mix. [1, 2, 3]
Size & Liquidity: ARG is over ten times larger than WHF, providing greater market liquidity and a larger scale of operations. [1, 2]
Dividends: Both have a strong history of paying steady, franked dividends to long-term investors, though individual yields fluctuate slightly with market conditions

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