ADX: Deep Discount, Keeping Up With The S&P 500 YTD

Summary

  • ADX isn't the usual fund I cover. It is a rather plain equity focused fund.
  • The fund carries a deep discount, and a managed distribution plan of paying a minimum 6%.
  • Though, this minimum is hit by a large year-end special distribution - which frequently goes well over the minimum.
  • This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More »

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Written by Nick Ackerman, co-produced by Stanford Chemist

Adams Diversified Equity Fund (NYSE:ADX) is one of the oldest closed-end funds there are in existence today. Formerly this fund was called The Adams Express

Data by YCharts

Data by YCharts

Data by YCharts

Data by YCharts

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This article was written by

Nick Ackerman profile picture
11.4K Followers
CEF/ETF income and arbitrage strategies, 8%+ portfolio yields
Nick Ackerman is an avid student of the markets and has been investing in his own accounts for over 14 years. He is a former Financial Advisor and has previously qualified for holding Series 7 and Series 66 licenses. These licenses also specifically qualified him for the role of Registered Investment Adviser (RIA), i.e., he was registered as a fiduciary and could manage assets for a fee and give advice. Since then he has continued with his passion for investing through writing for Seeking Alpha, providing his knowledge, opinions, and insights of the investing world. His specific focus is on closed-end funds as an attractive way to achieve income as well as general financial planning strategies towards achieving one’s long term financial goals.

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I provide my work regularly to CEF/ETF Income Laboratory with articles that have an exclusivity period, this is noted in such articles. CEF/ETF Income Laboratory is a Marketplace Service provided by Stanford Chemist, right here on Seeking Alpha.

Disclosure: I am/we are long ADX, HD, JPM, MA, MSFT, UNH. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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