ADX: Nearly 10% Yield, Good Discount, And Solid Past Performance

2025-05-04 08:10:00 ET

Summary

• Adams Diversified Equity Fund (ADX) is a closed-end fund that invests in a diversified portfolio of equities of large-cap U.S.-listed stocks, with nearly 30% weighting to technology stocks.
• ADX uses no leverage and does not employ derivative strategies.
• ADX's past performance is solid, especially its long-term performance. In some ways, this fund is a proxy for the S&P500 in terms of capital appreciation, with the benefit of nearly 10% income.

Introduction:

Adams Diversified Equity Fund ( ADX ) is a closed-end fund that was incepted in Oct. 1929. In other words, the fund has seen nearly a century of market conditions and has still survived both the good times and the bad. That is something where some credit is due to the management for steering the fund through the Great Depression, the Second World War, and many other recessions and panic situations. There are only a few funds with that kind of history. However, we should still evaluate on the basis of recent history, current strengths, and prospects....

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