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)