Adams Diversified Equity Fund Announces 2023 Performance
19 Gennaio 2024 - 12:14AM
Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the
Fund’s investment returns for 2023.
The total return on the Fund’s net asset value for 2023 was
27.5%, with dividends and capital gains reinvested. The comparable
figures for the S&P 500 Index and Morningstar U.S. Large Blend
Category were 26.3% and 24.1%, respectively. The total return on
the Fund’s market price for the period was 31.2%. “We were pleased
to generate a 27.5% return in 2023, outperforming our benchmark and
3.4% ahead of our peer group,” said Jim Haynie, CEO of Adams
Funds.
The Fund paid $1.30 per share in income dividends and realized
capital gain distributions to shareholders in 2023, producing an
annual distribution rate of 8.1%, exceeding the Fund’s annual 6%
minimum distribution rate commitment. Details regarding the annual
6% minimum distribution rate commitment can be found at
adamsfunds.com.
The 2023 Annual Report is expected to be released on or about
February 15, 2024.
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|
|
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS
(12/31/23) |
|
|
1 Year |
3 Year |
5 Year |
| Adams Diversified Equity Fund (NAV) |
27.5% |
11.0% |
16.4% |
| Adams Diversified Equity Fund (market price) |
31.2% |
11.0% |
16.8% |
| Morningstar U.S. Large Blend Category |
24.1% |
8.9% |
14.5% |
| S&P 500 |
26.3% |
10.0% |
15.7% |
| |
|
|
|
|
NET ASSET VALUE ANNOUNCED |
The Fund’s net asset value at the end of 2023,
compared with the year earlier, was:
| |
|
|
|
|
|
12/31/23 |
|
12/31/22 |
| Net assets |
$2,550,393,350 |
|
$2,100,737,733 |
| Shares outstanding |
124,051,639 |
|
120,900,484 |
| Net asset value per share |
$20.56 |
|
$17.38 |
| |
|
|
|
|
TEN LARGEST EQUITY PORTFOLIO HOLDINGS
(12/31/23) |
|
|
% of Net Assets |
|
Microsoft Corporation |
7.8% |
| Apple Inc. |
6.6% |
| Amazon.com, Inc. |
4.1% |
| Alphabet Inc. Class A |
3.6% |
| NVIDIA Corporation |
3.1% |
| JPMorgan Chase & Co. |
2.0% |
| Visa Inc. Class A |
2.0% |
| Meta Platforms, Inc. Class
A |
2.0% |
| UnitedHealth Group
Incorporated |
1.9% |
| Adams Natural Resources Fund,
Inc.* |
1.8% |
|
Total |
34.9% |
|
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|
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* Non-controlled affiliated closed-end fund. |
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SECTOR WEIGHTINGS (12/31/23) |
|
|
% of Net Assets |
| Information Technology |
28.8% |
| Financials |
12.9% |
| Health Care |
12.6% |
| Consumer Discretionary |
11.2% |
| Communication Services |
8.6% |
| Industrials |
8.6% |
| Consumer Staples |
5.9% |
| Energy |
4.0% |
| Real Estate |
2.5% |
| Materials |
2.3% |
| Utilities |
2.0% |
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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 6% or
more, providing reliable income to long-term investors. Shares can
be purchased through our transfer agent or through a broker. For
more information about Adams Funds, please visit:
adamsfunds.com.
For further information please contact:
adamsfunds.com/about/contact │
800.638.2479
Grafico Azioni Adams Diversified Equity (NYSE:ADX)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Adams Diversified Equity (NYSE:ADX)
Storico
Da Dic 2023 a Dic 2024
