Adams Diversified Equity Fund Announces 2021 Performance
20 Janvier 2022 - 11:01PM
Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the
Fund’s investment returns for 2021. “We were pleased to generate a
29.8% return in 2021, outperforming our benchmark and three
percentage points ahead of our peer group,” said Mark Stoeckle, CEO
of Adams Funds.
The total return on the Fund’s net asset value for 2021 was
29.8%, with dividends and capital gains reinvested. The comparable
figures for the S&P 500 Index and Morningstar U.S. Large Blend
Category were 28.7% and 26.7%, respectively. The total return on
the Fund’s market price for the period was 29.9%.
The Fund paid $2.98 per share in income dividends and realized
capital gain distributions to shareholders in 2021, producing an
annual distribution rate of 15.7%, exceeding the Fund’s annual 6.0%
minimum distribution rate commitment. Details regarding the annual
6.0% minimum distribution rate commitment can be found at
adamsfunds.com.
The 2021 Annual Report is expected to be released on or about
February 18, 2022.
ANNUALIZED ONE, THREE, AND FIVE-YEAR
COMPARATIVE RETURNS (12/31/21)
|
1 Year |
|
3 Year |
|
5 Year |
|
Adams Diversified Equity Fund (NAV) |
29.8 |
% |
26.6 |
% |
20.0 |
% |
Adams Diversified Equity Fund (market price) |
29.9 |
% |
27.3 |
% |
20.8 |
% |
Morningstar U.S. Large Blend Category |
26.7 |
% |
24.6 |
% |
17.1 |
% |
S&P 500 |
28.7 |
% |
26.1 |
% |
18.5 |
% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2021, compared with the
year earlier, was:
|
12/31/21 |
12/31/20 |
Net assets |
$ |
2,652,527,878 |
$ |
2,227,273,138 |
Shares outstanding |
|
117,872,178 |
|
111,027,460 |
Net asset value per share |
$ |
22.50 |
$ |
20.06 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS
(12/31/21)
|
% of Net Assets |
|
Microsoft Corporation |
7.8 |
% |
Apple Inc. |
6.6 |
% |
Alphabet Inc. Class A |
4.5 |
% |
Amazon.com, Inc. |
4.0 |
% |
Facebook, Inc. Class A |
2.5 |
% |
UnitedHealth Group Incorporated |
2.5 |
% |
NVIDIA Corporation |
2.3 |
% |
Bank of America Corp. |
1.9 |
% |
Berkshire Hathaway Inc. Class B |
1.7 |
% |
Thermo Fisher Scientific Inc. |
1.7 |
% |
Total |
35.5 |
% |
|
|
SECTOR WEIGHTINGS (12/31/21)
|
% of Net Assets |
|
Information Technology |
29.0 |
% |
Health Care |
13.4 |
% |
Consumer Discretionary |
12.1 |
% |
Financials |
10.6 |
% |
Communication Services |
10.2 |
% |
Industrials |
7.7 |
% |
Consumer Staples |
5.8 |
% |
Energy |
3.0 |
% |
Real Estate |
2.9 |
% |
Utilities |
2.5 |
% |
Materials |
2.2 |
% |
During the fourth quarter, we initiated new positions in
American International Group, Inc., Capri Holdings Limited,
Laboratory Corporation of America Holdings, General Dynamics
Corporation, and Lululemon Athletica Inc.
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. (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:
adamsfunds.com.
Contact: Shareholder Communications │
investorrelations@adamsfunds.com
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