• Adams Diversified Equity Fund Declares Distribution and Announces First Half Performance

    المصدر: Nasdaq GlobeNewswire / 20 يوليو 2023 16:10:21   America/New_York

    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 6% minimum distribution rate commitment, which can be found at adamsfunds.com.

    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 15.8%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 16.9% and 15.1%, respectively. The total return on the market price of the Fund’s shares for the period was 16.4%.

    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 19.2%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 19.6% and 18.4%, respectively. The total return on the market price of the Fund’s shares for the period was 17.4%.

    The Semi-Annual Report to Shareholders is expected to be available on or about July 27, 2023.

    ANNUALIZED COMPARATIVE RETURNS (6/30/2023)

     1 Year3 Year5 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 Category18.4%14.0%12.3%
    S&P 50019.6%14.6%11.2%


    NET ASSET VALUE ANNOUNCED

    The Fund’s net asset value at June 30, 2023, compared with the year earlier, was:

     6/30/20236/30/2022
    Net assets$2,415,114,408$2,118,629,378
    Shares outstanding 120,813,797 117,873,571
    Net asset value per share$19.99$17.97


    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (06/30/2023)

     % of Net Assets
    Apple Inc.7.7%
    Microsoft Corporation7.3%
    Alphabet Inc. Class A3.6%
    NVIDIA Corporation2.9%
    Amazon.com, Inc.2.9%
    Visa Inc. Class A1.9%
    JPMorgan Chase & Co.1.9%
    Adams Natural Resources Fund, Inc.*1.9%
    UnitedHealth Group Incorporated1.8%
    Meta Platforms, Inc. Class A1.7%
    Total33.6%
      

    * Non-controlled affiliated closed-end fund.


    SECTOR WEIGHTINGS (6/30/2023)

     % of Net Assets
    Information Technology28.2%
    Health Care13.1%
    Financials12.4%
    Consumer Discretionary10.9%
    Industrials8.6%
    Communication Services8.3%
    Consumer Staples6.6%
    Energy4.3%
    Materials2.4%
    Real Estate2.4%
    Utilities2.3%


    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 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 or 800.638.2479


    Primary Logo

شارك على،