The total return on the Fund’s net asset value for 2023 was 27.5%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar
The Fund paid
The 2023 Annual Report is expected to be released on or about
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/23) |
1 Year | 3 Year | 5 Year | |
27.5% | 11.0% | 16.4% | |
31.2% | 11.0% | 16.8% | |
Morningstar | 24.1% | 8.9% | 14.5% |
S&P 500 | 26.3% | 10.0% | 15.7% |
NET ASSET VALUE ANNOUNCED |
The Fund’s net asset value at the end of 2023, compared with the year earlier, was:
Net assets | |||
Shares outstanding | 124,051,639 | 120,900,484 | |
Net asset value per share | |||
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/23) |
% of Net Assets | |
Microsoft Corporation | 7.8% |
Apple Inc. | 6.6% |
Amazon.com, Inc. | 4.1% |
Alphabet Inc. Class A | 3.6% |
NVIDIA Corporation | 3.1% |
JPMorgan Chase & Co. | 2.0% |
Visa Inc. Class A | 2.0% |
Meta Platforms, Inc. Class A | 2.0% |
UnitedHealth Group Incorporated | 1.9% |
1.8% | |
Total | 34.9% |
* Non-controlled affiliated closed-end fund. | |
SECTOR WEIGHTINGS (12/31/23) |
% of Net Assets | |
Information Technology | 28.8% |
Financials | 12.9% |
Health Care | 12.6% |
Consumer Discretionary | 11.2% |
Communication Services | 8.6% |
Industrials | 8.6% |
Consumer Staples | 5.9% |
Energy | 4.0% |
Real Estate | 2.5% |
Materials | 2.3% |
Utilities | 2.0% |
About Adams Funds
Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds,
For further information please contact: adamsfunds.com/about/contact │ 800.638.2479
Source:
2024 GlobeNewswire, Inc., source