BALTIMORE, Jan. 18, 2018 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE:ADX) announces the Fund's investment returns for 2017. "We are pleased to report our 2017 results which significantly exceeded the returns of our benchmark and our peer group," said Mark Stoeckle, CEO of Adams Funds.

Adams Funds (PRNewsFoto/Adams Funds)

The total return on the Fund's net asset value for 2017 was 26.2%, with dividends and capital gains reinvested. The comparable figures for the Lipper Large-Cap Core Funds Average and the S&P 500 Index were 20.7% and 21.8%, respectively.  The total return on the Fund's market price for the period was 29.4%.

The Fund paid $1.38 per share in income dividends and realized capital gain distributions to shareholders in 2017, producing an annual distribution rate of 9.8%, 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 Fund will be holding a conference call on January 31, 2018 at 2:00 pm EST to discuss 2017 performance.  The call may be accessed at www.adamsfunds.com or by calling 1-877-270-2148 and requesting the Adams Funds conference call.  A replay of the call is available through February 21, 2018 by dialing 1-877-344-7529. The access code is 10112238.

The 2017 Annual Report is expected to be released on or about February 26, 2018.

ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/17)


1 Year

3 Year

5 Year

Adams Diversified Equity Fund  (NAV)

26.2%

11.9%

15.8%

Adams Diversified Equity Fund (market price)

29.4%

11.7%

15.9%

Lipper Large-Cap Core Funds Average

20.7%

9.8%

14.3%

S&P 500

21.8%

11.4%

15.8%

NET ASSET VALUE ANNOUNCED

The Fund's net asset value at the end of 2017, compared with the year earlier, was:  



12/31/17

12/31/16

Net assets

$1,785,771,890

$1,513,497,727

Shares outstanding

101,735,657

99,436,824

Net asset value per share

$17.55

$15.22


TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/17) 


% of Net Assets

Apple Inc.

4.5%

Microsoft Corporation

4.0%

Alphabet Inc. Class A & Class C

3.5%

Amazon.com, Inc.

2.9%

Facebook, Inc. Class A

2.7%

Adams Natural Resources Fund, Inc.*

2.4%

Bank of America Corporation

2.3%

Comcast Corporation Class A

2.3%

Wells Fargo & Company

2.1%

American Express Company

2.1%

     Total

28.8%

Non-controlled affiliated closed-end fund


SECTOR WEIGHTINGS (12/31/17)  


% of Net Assets

Information Technology

24.1%

Financials

15.0%

Health Care

13.5%

Consumer Discretionary

12.3%

Industrials

10.0%

Consumer Staples

8.2%

Energy

6.4%

Real Estate

2.9%

Utilities

2.7%

Materials

2.0%

Telecommunication Services

1.1%

During the fourth quarter, we initiated new positions in Carnival, Celgene, Colgate-Palmolive, TJX Companies, and UnitedHealth Group.

About Adams Funds
Since 1929, Adams Funds have 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: 
Lyn Walther
Director of Shareholder Communications
walther@adamsfunds.com

500 East Pratt Street, Suite 1300, Baltimore, MD 21202 │ 410.752.5900 │ 800.638.2479 │ adamsfunds.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/adams-diversified-equity-fund-announces-2017-performance-and-january-31-conference-call-300584949.html

SOURCE Adams Diversified Equity Fund, Inc.

Copyright 2018 PR Newswire

Adams Diversified Equity (NYSE:ADX)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Adams Diversified Equity Charts.
Adams Diversified Equity (NYSE:ADX)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Adams Diversified Equity Charts.