Overview
Description
Adams Diversified Equity Fund, Inc. is an internally managed, closed-end equity fund focused on achieving long-term capital appreciation for its shareholders. The fund primarily invests in a broadly diversified portfolio of high-quality, large-cap U.S. companies, adopting a sector-neutral approach to provide balanced exposure across the equity market. Its investment strategy seeks to outperform a benchmark index while delivering consistent returns through both dividend income and capital gains distributions. Notably, the fund is committed to a regular quarterly distribution, targeting at least 2% of average net asset value each quarter, with a historical annual distribution rate that has varied year to year. With net assets totaling approximately $2.9 billion and a legacy dating back to its inception in 1929, Adams Diversified Equity Fund plays a significant role in the market for investors seeking diversified equity exposure, stable income streams, and professional internal management without relying on external advisors. The fund is known for its disciplined risk management, low expense ratio, and long track record of navigating various market cycles.
About
CEO
Mr. James Phillip Haynie C.F.A.
Employees
0
Address
500 East Pratt Street
Suite 1300
Baltimore, 21202, MD
United States
Suite 1300
Baltimore, 21202, MD
United States
Phone
410 752 5900
Website
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United States
MIC code
XNAS