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 FundsSince 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. (ADX) and Adams Natural Resources Fund, Inc. (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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