Adams Diversified Equity Fund, Inc. Reports Earnings Results for the Half Year Ended June 30, 2023
August 07, 2023 at 03:03 pm EDT
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Adams Diversified Equity Fund, Inc. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported revenue was USD 16.68 million. Net income was USD 327.78 million.
Adams Diversified Equity Fund, Inc. (the Fund) is a diversified, closed-end investment company. The Fund is an internally managed fund whose investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund is an internally managed large-cap United States equity fund. The Fund invests at least 80% of its assets in highly liquid Standard and Poor's 500 (S&P 500) stocks. The Fund may invest up to 20% of assets in commodities (other than physical commodities), including swaps. The Fund invests in various sectors, such as communication services, consumer discretionary, consumer staples, energy, financials, health care, industrials, real estate, utilities, and information technology (IT).