Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance
- Distribution of $.05 per share from net investment income
- First half performance with a total return of 15.8% on net asset value
- None.
BALTIMORE, July 20, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Diversified Equity Fund, Inc. (NYSE: ADX) today declared a distribution of $.05 per share from net investment income, payable September 1, 2023, to shareholders of record August 18, 2023. This distribution represents the third payment this year toward the Fund’s annual
FIRST HALF PERFORMANCE
For the six months ended June 30th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was
For the twelve months ended June 30th, the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was
The Semi-Annual Report to Shareholders is expected to be available on or about July 27, 2023.
ANNUALIZED COMPARATIVE RETURNS (6/30/2023)
1 Year | 3 Year | 5 Year | ||||
Adams Diversified Equity Fund (NAV) | 19.2 | % | 14.6 | % | 13.0 | % |
Adams Diversified Equity Fund (market price) | 17.4 | % | 14.0 | % | 12.5 | % |
Morningstar U.S. Large Blend Category | 18.4 | % | 14.0 | % | 12.3 | % |
S&P 500 | 19.6 | % | 14.6 | % | 11.2 | % |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at June 30, 2023, compared with the year earlier, was:
6/30/2023 | 6/30/2022 | |||
Net assets | ||||
Shares outstanding | 120,813,797 | 117,873,571 | ||
Net asset value per share |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (06/30/2023)
% of Net Assets | ||
Apple Inc. | 7.7 | % |
Microsoft Corporation | 7.3 | % |
Alphabet Inc. Class A | 3.6 | % |
NVIDIA Corporation | 2.9 | % |
Amazon.com, Inc. | 2.9 | % |
Visa Inc. Class A | 1.9 | % |
JPMorgan Chase & Co. | 1.9 | % |
Adams Natural Resources Fund, Inc.* | 1.9 | % |
UnitedHealth Group Incorporated | 1.8 | % |
Meta Platforms, Inc. Class A | 1.7 | % |
Total | 33.6 | % |
* Non-controlled affiliated closed-end fund.
SECTOR WEIGHTINGS (6/30/2023)
% of Net Assets | ||
Information Technology | 28.2 | % |
Health Care | 13.1 | % |
Financials | 12.4 | % |
Consumer Discretionary | 10.9 | % |
Industrials | 8.6 | % |
Communication Services | 8.3 | % |
Consumer Staples | 6.6 | % |
Energy | 4.3 | % |
Materials | 2.4 | % |
Real Estate | 2.4 | % |
Utilities | 2.3 | % |
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 85 years across many market cycles. The Funds are committed to paying an annual distribution rate of
For further information please contact: adamsfunds.com/about/contact or 800.638.2479
FAQ
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