The total return on the Fund’s net asset value for 2023 was 2.5%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were -1.3% and 12.6%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (83%) and the S&P 500 Materials Sector (17%), returned 1.0%. The total return on the Fund’s market price for the same period was 1.0%.
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 | |
2.5% | 29.9% | 14.2% | |
1.0% | 30.2% | 14.4% | |
S&P 500 Energy Sector | -1.3% | 36.2% | 13.4% |
S&P 500 Materials Sector | 12.6% | 7.9% | 13.6% |
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 | 25,514,441 | 25,193,556 |
Net asset value per share |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/23)
% of Net Assets | |
Exxon Mobil Corporation | 18.5% |
Chevron Corporation | 12.4% |
ConocoPhillips | 7.5% |
Linde plc | 4.6% |
Marathon Petroleum Corporation | 3.9% |
EOG Resources, Inc. | 3.6% |
Pioneer Natural Resources Company | 3.6% |
3.5% | |
Phillips 66 | 3.2% |
Hess Corporation | 2.9% |
Total | 63.7% |
INDUSTRY WEIGHTINGS (12/31/23)
% of Net Assets | |
Energy | |
31.5% | |
Exploration & Production | 25.3% |
Refining & Marketing | 8.9% |
Equipment & Services | 7.6% |
Storage & Transportation | 6.2% |
Materials | |
Chemicals | 14.7% |
Metals & Mining | 2.9% |
Construction Materials | 1.6% |
0.9% |
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, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and
For further information please contact:
adamsfunds.com/about/contact │800.638.2479
Source:
2024 GlobeNewswire, Inc., source