Adams Diversified Equity Fund Announces 2021 Performance
Adams Diversified Equity Fund (NYSE: ADX) reported a 29.8% return for 2021, surpassing its benchmark and outperforming peers by three percentage points. The Fund's total return on market price was 29.9%, with dividends and capital gains reinvested. Shareholders received $2.98 per share in dividends, resulting in a 15.7% annual distribution rate, exceeding the minimum 6.0% commitment. The Fund’s net assets rose to $2.65 billion from $2.23 billion the previous year, indicating strong growth.
- 29.8% return in 2021, outperforming S&P 500's 28.7% and Morningstar's 26.7%.
- $2.98 per share paid in dividends, achieving a 15.7% annual distribution rate.
- Net assets increased to $2.65 billion from $2.23 billion year-over-year.
- None.
BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2021. “We were pleased to generate a
The total return on the Fund’s net asset value for 2021 was
The Fund paid
The 2021 Annual Report is expected to be released on or about February 18, 2022.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/21)
| 1 Year | 3 Year | 5 Year | ||||
| Adams Diversified Equity Fund (NAV) | 29.8 | % | 26.6 | % | 20.0 | % |
| Adams Diversified Equity Fund (market price) | 29.9 | % | 27.3 | % | 20.8 | % |
| Morningstar U.S. Large Blend Category | 26.7 | % | 24.6 | % | 17.1 | % |
| S&P 500 | 28.7 | % | 26.1 | % | 18.5 | % |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2021, compared with the year earlier, was:
| 12/31/21 | 12/31/20 | |||
| Net assets | $ | 2,652,527,878 | $ | 2,227,273,138 |
| Shares outstanding | 117,872,178 | 111,027,460 | ||
| Net asset value per share | $ | 22.50 | $ | 20.06 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/21)
| % of Net Assets | ||
| Microsoft Corporation | 7.8 | % |
| Apple Inc. | 6.6 | % |
| Alphabet Inc. Class A | 4.5 | % |
| Amazon.com, Inc. | 4.0 | % |
| Facebook, Inc. Class A | 2.5 | % |
| UnitedHealth Group Incorporated | 2.5 | % |
| NVIDIA Corporation | 2.3 | % |
| Bank of America Corp. | 1.9 | % |
| Berkshire Hathaway Inc. Class B | 1.7 | % |
| Thermo Fisher Scientific Inc. | 1.7 | % |
| Total | 35.5 | % |
SECTOR WEIGHTINGS (12/31/21)
| % of Net Assets | ||
| Information Technology | 29.0 | % |
| Health Care | 13.4 | % |
| Consumer Discretionary | 12.1 | % |
| Financials | 10.6 | % |
| Communication Services | 10.2 | % |
| Industrials | 7.7 | % |
| Consumer Staples | 5.8 | % |
| Energy | 3.0 | % |
| Real Estate | 2.9 | % |
| Utilities | 2.5 | % |
| Materials | 2.2 | % |
During the fourth quarter, we initiated new positions in American International Group, Inc., Capri Holdings Limited, Laboratory Corporation of America Holdings, General Dynamics Corporation, and Lululemon Athletica Inc.
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO).The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 80 years across many market cycles. The Funds are committed to paying an annual distribution rate of
Contact: Shareholder Communications │ investorrelations@adamsfunds.com
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