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
[email protected]
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SOURCE Adams Diversified Equity Fund, Inc. (ADX)
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