ADX - ADX: A FAAMG Heavy Portfolio At A 14% Discount

August, 09 2021 07:45 AM Adams Diversified Equity Fund Inc.

ADX, a domestic equity CEF, is among the oldest closed-end funds having been in existence since 1929.
The fund's portfolio is heavily weighted to the tech giants that top the S&P 500: MSFT, AAPL, AMZN, GOOGL and FB. These comprise about a quarter of its portfolio.
The fund's -14% discount, also its average discount over the last five years, makes it an alpha machine.
With that consistent -14% discount on an NAV that has matched the domestic equity market (SPY), the fund has been outperforming the market over the last five years.

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Company Name:	Adams Diversified Equity Fund Inc.
Stock Symbol:	ADX
Market:	NYSE