• Adams Diversified Equity Fund Announces 2022 Performance

    ソース: Nasdaq GlobeNewswire / 19 1 2023 16:34:42   America/Chicago

    BALTIMORE, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2022.

    The total return on the Fund’s net asset value for 2022 was -17.3%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were -18.1% and -18.2%, respectively. The total return on the Fund’s market price for the period was -19.8%. “In a difficult year for the market, our Fund modestly outperformed our benchmark and our peer group,” said Mark Stoeckle, CEO of Adams Funds.

    The Fund paid $1.07 per share in income dividends and realized capital gain distributions to shareholders in 2022, producing an annual distribution rate of 6.3%, exceeding the Fund’s annual 6.0% minimum distribution rate commitment. Details regarding the annual 6.0% minimum distribution rate commitment can be found at adamsfunds.com.

    The 2022 Annual Report is expected to be released on or about February 15, 2023.

    ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/22)

     1 Year3 Year5 Year
    Adams Diversified Equity Fund (NAV)-17.3%8.4%10.3%
    Adams Diversified Equity Fund (market price)-19.8%6.6%9.8%
    Morningstar U.S. Large Blend Category-18.2%7.2%8.8%
    S&P 500-18.1%7.7%9.4%


    NET ASSET VALUE ANNOUNCED

    The Fund’s net asset value at the end of 2022, compared with the year earlier, was:

     12/31/2212/31/21
    Net assets$2,100,737,733$2,652,527,878
    Shares outstanding120,900,484117,872,178
    Net asset value per share$17.38$22.50


    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/22)

     % of Net Assets
    Microsoft Corporation6.8%
    Apple Inc.5.9%
    Alphabet Inc. Class A3.1%
    UnitedHealth Group Incorporated2.5%
    Adams Natural Resources Fund, Inc.*2.3%
    Amazon.com, Inc.2.2%
    Mastercard Incorporated Class A2.0%
    Thermo Fisher Scientific Inc.2.0%
    Visa Inc. Class A1.8%
    Berkshire Hathaway Inc. Class B1.7%
    Total30.3%
      
    * Non-controlled affiliated closed-end fund.


    SECTOR WEIGHTINGS (12/31/22)

     % of Net Assets
    Information Technology25.4%
    Health Care15.7%
    Financials11.9%
    Consumer Discretionary10.4%
    Industrials8.5%
    Communication Services7.3%
    Consumer Staples6.8%
    Energy5.2%
    Utilities3.0%
    Materials2.6%
    Real Estate2.5%


    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

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