Adams Diversified Equity Fund Announces 2020 Performance and January 27 Conference Call
January 21, 2021 at 16:13 PM EST
BALTIMORE, Jan. 21, 2021 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund's investment returns for 2020. "We were pleased to generate an 18.8% return in 2020, in line with our benchmark and two 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 2020 was 18.8%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and the Lipper Large-Cap Core Funds Average were 18.4% and 16.8%, respectively. The total return on the Fund's market price for the period was 16.4%.
The Fund paid $1.03 per share in income dividends and realized capital gain distributions to shareholders in 2020, producing an annual distribution rate of 6.8%, 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 Fund will be holding a conference call on January 27, 2021 at 2:00 pm EST to discuss our 2020 performance. We invite shareholders to submit questions to email@example.com. The call may be accessed at adamsfunds.com or by calling 1-844-707-6796 and requesting the Adams Funds conference call. A replay of the call will be available through February 27, 2021 by dialing 1-877-344-7529. The access code is 10149978.
The 2020 Annual Report is expected to be released on or about February 23, 2021.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/20)
NET ASSET VALUE ANNOUNCED
The Fund's net asset value at the end of 2020, compared with the year earlier, was:
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/20)
SECTOR WEIGHTINGS (12/31/20)
During the fourth quarter, we initiated new positions in Carrier Global, Intuit, Lamb Weston Holdings, Liberty SiriusXM Group, Microchip Technology, Public Service Enterprise Group, T-Mobile US, Tesla Motors, and TJX Companies.
About Adams Funds
Contact: Lyn Walther | Director of Shareholder Communications | firstname.lastname@example.org
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SOURCE Adams Diversified Equity Fund, Inc.