ADX - Adams Diversified Equity Fund: Narrowing Discount To NAV Is A Sign Of Quality

Adams Diversified Equity Fund (NYSE:ADX), with an inception date of 1929, is celebrating a 90-year history. The equity closed-end fund has current assets under management of $1.9 billion with its investment team based out of Baltimore, Maryland. As the name suggests, ADX invests in a broadly diversified group of large-cap U.S. equities. The fund targets a distribution yield of 6% which makes it an attractive income vehicle. The returns here have been impressive as the fund has outperformed its S&P 500 Index benchmark in recent years. The fund is up 26.4% year to

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