BALTIMORE, MARYLAND – January 14, 2016 – 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%|
Net Asset Value Announced
The Fund’s net asset value at the end of 2015, compared with the year earlier, was:
|Net asset value per share||$15.04||$15.87|
Ten Largest Equity Portfolio Holdings (12/31/15)
|% of Net Assets|
|Alphabet Inc. (Class A & Class C)||3.7%|
|Wells Fargo & Co.||2.7%|
|Adams Natural Resources Fund, Inc.*||2.6%|
|Facebook, Inc. (Class A)||2.2%|
|Comcast Corp. (Class A)||2.1%|
* Non-controlled affiliated closed-end fund
Sector Weightings (12/31/15)
|% of Net Assets|
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479