QUARTERLY FACT SHEET I SEPTEMBER 30, 2020
ADAMS DIVERSIFIED EQUITY FUND (NYSE: ADX)
GOAL AND STRATEGY
Long-term capital appreciation by investing primarily in large U.S. companies
DISTINGUISHING CHARACTERISTICS
Internally managed closed-end equity fund with exposure to a broadly- diversified, sector-neutral,large-cap equity portfolio. Committed to an annual distribution rate of at least 6%.
FUND SNAPSHOT | |
NYSE Symbol .................... | ADX |
Market Price....................... | $16.21 |
52 Week Range.................. | $10.16-$17.26 |
NAV Per Share................... | $18.89 |
Discount............................. | 14.2% |
Shares Outstanding............ | 108,731,167 |
2019 Annual Distribution..... | 9.6% |
Rate | |
FUND INFORMATION | |
Net Assets.......................... | $2.05B |
Expense Ratio.................... | 0.62% |
Inception Date ................... | 1929 |
Dividend Frequency............ | Quarterly |
Annual Distribution ............ | 6.0% |
Commitment1 | |
Number of Holdings............ | 101 |
Wtd Median Market Cap..... | $174.7B |
1 The annual distribution rate is the total dividends and distributions divided by the average month-end market price of the Fund's
Common Stock for the twelve months ended October 31.
PORTFOLIO MANAGEMENT TEAM
Start Date | |
Industry/Company | |
Mark Stoeckle..................... | 1981/2013 |
James Haynie..................... | 1987/2013 |
Cotton Swindell................... | 1992/2002 |
INVESTMENT OBJECTIVE
ADX seeks to deliver superior returns over time by investing in a broadly-diversified equity portfolio. The Fund invests in a blend of high-quality,large-cap companies. The fund seeks to generate returns that exceed its benchmark and consistently distribute dividend income and capital gains to shareholders.
Performance Comparison
16%
14%
12%
10%
8%
6%
4%
2%
0%
1 Year | 3 Years | 5 Years | 10 Years | ||
ADX (Market) | S&P 500 | Lipper Large-Cap Core Funds Average | |||
PERFORMANCE (%)
YTD | 1 YEAR | 3 YEAR* | 5 YEAR* | 10 YEAR* | |
ADX Market Price | 3.8% | 11.8% | 13.5% | 15.1% | 13.5% |
ADX NAV | 6.4% | 15.2% | 13.6% | 15.0% | 13.4% |
S&P 500 | 5.6% | 15.2% | 12.3% | 14.2% | 13.7% |
Lipper Large-Cap Core | 4.0% | 13.0% | 10.8% | 12.5% | 12.3% |
Funds Average | |||||
*Annualized. Total returns are presented before taxes and reflect reinvestment of all distributions at reinvestment price. Investment returns, market price, and net asset value will fluctuate. Shares, if sold, may be worth more or less than their original cost. Presented performance reflects past performance and is no guarantee of future investment results.
Growth of Hypothetical $10,000 Investment
$40,000
$35,000
$30,000
$25,000
$20,000
$15,000
$10,000
$5,000
$0
04 | 05 | 06 | 07 | 08 | 09 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 |
ADX | Lipper Large-Cap Core Funds Average | ||||||||||||||
This chart shows the value of a hypothetical $10,000 investment in the Fund at market price over the past 15 calendar years compared to its Lipper peer group. All Fund distributions are reinvested at the price received in the Fund's dividend reinvestment plan. Returns do not reflect taxes paid by shareholders on distributions or the sale of shares.
500 East Pratt Street, Suite 1300, Baltimore, MD 21202 | 410.752.5900 | 800.638.2479 | adamsfunds.com
QUARTERLY FACT SHEET I SEPTEMBER 30, 2020
ADAMS DIVERSIFIED EQUITY FUND (NYSE: ADX)
LIPPER RANKINGS
Lipper Large-Cap Core Funds Average | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR |
ADX (NAV) | 72/179 | 28/169 | 15/157 | 36/134 |
Percentile | 41% | 17% | 10% | 27% |
Source: Thomson Reuters, as of June 30, 2020
INDUSTRY WEIGHTINGS | TEN LARGEST EQUITY HOLDINGS | ||||||||||
Materials, 1.9% | Energy, 2.2% | PERCENT OF | |||||||||
NET ASSETS | |||||||||||
Utilities, 3.3% | Microsoft Corporation | 6.9% | |||||||||
Information | Real Estate, 2.8% | ||||||||||
Technology, 28.0% | Consumer Staples, | Apple Inc. | 6.3% | ||||||||
7.1% | |||||||||||
Amazon.com, Inc. | 5.2% | ||||||||||
Industrials, 8.2% | Alphabet Inc. Class A | 2.9% | |||||||||
Facebook, Inc. Class A | 2.5% | ||||||||||
UnitedHealth Group Incorporated | 2.1% | ||||||||||
Financials, 9.8% | Visa Inc. Class A | 2.1% | |||||||||
Thermo Fisher Scientific Inc. | 2.0% | ||||||||||
Health Care, 14.1% | Home Depot, Inc. | 1.6% | |||||||||
Communication | |||||||||||
Services, 10.3% | Mastercard Incorporated Class A | 1.6% | |||||||||
Consumer | Total | 33.2% | |||||||||
Discretionary, 12.0% | |||||||||||
DISTRIBUTION HISTORY, TRAILING 10 YEARS | |||||||||||
PAYABLE DATE | ORDINARY INCOME DIVIDENDS | CAPITAL GAIN DISTRIBUTIONS | TOTAL DIVIDENDS AND | ANNUAL DISTRIBUTION RATE* | |||||||
PER SHARE | PER SHARE | DISTRIBUTIONS PER SHARE | |||||||||
2019 | $0.22 | $1.20 | $1.42 | 9.6% | |||||||
2018 | $0.21 | $1.79 | $2.00 | 12.9% | |||||||
2017 | $0.22 | $1.16 | $1.38 | 9.8% | |||||||
2016 | $0.18 | $0.81 | $0.99 | 7.8% | |||||||
2015 | $0.14 | $0.79 | $0.93 | 6.8% | |||||||
2014 | $0.20 | $0.98 | $1.18 | 8.8% | |||||||
2013 | $0.22 | $0.62 | $0.84 | 7.1% | |||||||
2012 | $0.18 | $0.49 | $0.67 | 6.3% | |||||||
2011 | $0.15 | $0.50 | $0.65 | 6.1% | |||||||
2010 | $0.14 | $0.37 | $0.51 | 5.1% | |||||||
2009 | $0.15 | $0.30 | $0.45 | 5.2% |
- The annual distribution rate is the total dividends and distributions per share divided by the Fund's average month-end stock price. For years prior to 2011, the average month-end stock price is determined for the calendar year. For 2011 and later, the average month-end stock price is determined for the twelve months ended October 31, which is consistent with the calculation used for the annual 6% minimum distribution rate commitment adopted in September 2011.
500 East Pratt Street, Suite 1300, Baltimore, MD 21202 | 410.752.5900 | 800.638.2479 | adamsfunds.com
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Adams Diversified Equity Fund Inc. published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 21:09:08 UTC