Adams Diversified Equity Fund Announces 2015 Performance And January 28 Conference Call

14 Jan, 2016, 17:36 ET from Adams Diversified Equity Fund, Inc. (ADX)

BALTIMORE, Jan. 14, 2016 /PRNewswire/ -- Adams Diversified Equity Fund, Inc (ADX). announces the Fund's investment returns for 2015.  The Fund  will be holding a conference call on January 28, 2016 at 10:00 am EST to discuss our 2015 performance.  The dial in number is 1-888-389-5988 and the conference ID code is 6601404.

The total return on the Fund's net asset value for the twelve months ended December 31, 2015 was 1.8%, with dividends and capital gains reinvested. The comparable figures for the Lipper Large-Cap Core Mutual Funds Average and the S&P 500 Index were -0.6% and 1.4%, respectively.  The total return on the Fund's market price for the same period was 0.7%.

The Fund paid $0.93 per share in income dividends and realized capital gain distributions to shareholders in 2015, producing an annual distribution rate of 6.8%,  exceeding the Fund's annual 6% minimum distribution rate commitment. Details regarding the annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.

The 2015 Annual Report is expected to be released on or about February 23, 2016.

ANNUALIZED ONE, THREE AND FIVE-YEAR COMPARATIVE RETURNS (12/31/15)


1 Year

3 Year

5 Year

Adams Diversified Equity Fund  (NAV)

1.8%

14.7%

11.0%

Adams Diversified Equity Fund (market)

0.7%

14.7%

11.1%

Lipper Large-Cap Core Mutual Funds Average

-0.6%

13.4%

10.9%

S&P 500

1.4%

15.1%

12.6%

NET ASSET VALUE ANNOUNCED

The Fund's net asset value at the end of 2015, compared with the year earlier, was:


12/31/15

12/31/14

Net assets

$1,472,144,157

$1,527,772,661

Shares outstanding

97,913,946

96,286,656

Net asset value per share

$15.04

$15.87

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/15)


% of Net Assets

Apple Inc.

4.2%

Alphabet Inc. (Class A & Class C)

3.7%

Microsoft Corp.

3.2%

Wells Fargo & Co.

2.7%

Adams Natural Resources Fund, Inc.*

2.6%

PepsiCo, Inc.

2.3%

Amazon.com, Inc.

2.3%

Allergan plc

2.3%

Facebook, Inc. (Class A)

2.2%

Comcast Corp. (Class A)

2.1%

Total

27.6%

Non-controlled affiliated closed-end fund


SECTOR WEIGHTINGS (12/31/15)


% of Net Assets

Information Technology

21.3%

Financials

17.4%

Health Care

15.0%

Consumer Discretionary

12.4%

Consumer Staples

9.6%

Industrials

9.3%

Energy

7.0%

Utilities

2.6%

Materials

2.2%

Telecommunication Services

1.9%

 

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 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: www.adamsfunds.com.

Contact:
Nancy J. Floyd Prue
Executive Vice President
Director of Shareholder Communications
prue@adamsfunds.com

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SOURCE Adams Diversified Equity Fund, Inc. (ADX)



RELATED LINKS

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