Click here to close now.

Welcome!

Wireless Authors: Liz McMillan, Yeshim Deniz, Carmen Gonzalez, Pat Romanski, Elizabeth White

News Feed Item

Adams Express Announces 2012 Performance: NAV Up 14.7%, Market Value Up 16.9%

BALTIMORE, Jan. 14, 2013 /PRNewswire/ -- The Adams Express Company (NYSE: ADX) announces the Fund's investment returns for 2012.  

2012 INVESTMENT RETURNS

On net asset value, the total return on Adams Express was 14.7%, with dividends and capital gains reinvested, for the twelve months ended December 31, 2012. Comparable figures for the Lipper Large-Cap Core Mutual Funds Average ("Lipper Peer Group") and the S&P 500 Composite Stock Index ("S&P 500") were 15.0% and 16.0%, respectively.

On market value, the total return on Adams Express was 16.9% for 2012, significantly outperforming both the Lipper Peer Group and the S&P 500.

The Fund paid $0.67 per share in income dividends and realized capital gains to shareholders in 2012, producing an annual distribution rate of 6.3%, exceeding the 6% minimum annual distribution rate commitment that the Fund made in 2011. Details regarding the 6% minimum annual distribution rate can be found at www.adamsexpress.com.

NET ASSET VALUE ANNOUNCED

The net assets, shares outstanding, and net asset value per share of Adams Express at the end of 2012 compared with the end of 2011 were:     


12/31/12

 12/31/11

Net assets                  

$1,155,997,037

$1,050,733,678

Shares outstanding           

93,029,724

91,073,899

Net asset value per share      

$              12.43

$              11.54

 

SECURITIES TRANSACTIONS DURING THE FOURTH QUARTER

During the fourth quarter, Adams Express added nine new names to its investment list with the purchases of Bed Bath & Beyond, Inc., Calpine Corp., Covidien plc, Hologic, Inc., LyondellBasell Industries N.V. (Class A), MasterCard, Inc., MEDNAX, Inc., and WellCare Health Plans, Inc., and the receipt of shares of Eaton Corp. plc via merger. The Fund added to its holdings in Apple, Catamaran, Coach, Digital Realty Trust, Fifth Third Bancorp, General Mills, Google, HCP, IDACORP, International Business Machines, Intuitive Surgical, Kansas City Southern, Kinder Morgan, MetLife, Philip Morris International, PNC Financial, QUALCOMM, and UnitedHealth Group.

Seven holdings were eliminated from the investment list with the sales of ADTRAN, Inc., Air Products & Chemicals, Inc., Amerigroup Corp., Life Technologies Corp., MDU Resources Group, Inc., and Prudential Financial, Inc., and the merger of Eaton Corp. The Fund reduced its holdings in Bunge, Cisco, Emerson Electric, FedEx, Gilead Sciences, McDonald's, Medtronic, NetApp, Norfolk Southern, Pfizer, Procter & Gamble, Spectra Energy, and Wells Fargo.

OTHER SUMMARY FINANCIAL INFORMATION


12/31/12

12/31/11

Unrealized appreciation   

$143,061,370

$62,511,196

Net investment income  

$  17,547,510

$13,858,578

Net realized gain   

$  47,997,411

$45,998,641




Key Ratios

Net investment income to average net assets 

1.54%

1.25%

Expense ratio (to average net assets)   

0.65%

0.55%

Portfolio turnover   

27.4%

21.5%

Net cash & short-term investments to net assets 

0.2%

4.5%

 

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/12)


% of Net Assets

Petroleum & Resources Corp.*  

4.5

Apple  

4.3

JPMorgan Chase  

2.3

QUALCOMM   

2.2

Lowe's   

1.8

International Business Machines 

1.7

Wells Fargo  

1.7

Microsoft  

1.6

AT&T   

1.6

Google  

1.6

     Total  

23.3%

*Non-controlled affiliate

                       

SECTOR WEIGHTINGS (12/31/12)


% of Net Assets

Consumer Discretionary  

10.9

Consumer Staples  

10.0

Energy  

10.4

Financials

14.9

Health Care  

13.0

Industrials 

10.8

Information Technology 

19.3

Materials 

3.9

Telecom Services 

4.0

Utilities  

2.6

Short-Term Investments  

0.0

ANNUALIZED ONE, THREE AND FIVE YEAR COMPARATIVE RETURNS (12/31/12)    


1 Year

3 Year

5 Year

Adams Express (NAV)   

14.7%

7.4%

1.2%

Lipper Peer Group  

15.0%

8.9%

0.7%

S&P 500  

16.0%

10.9%

1.7%

 

The Adams Express Company is a diversified equity fund based in Baltimore. Its stock trades on the New York Stock Exchange under the ticker symbol ADX.

For further information please contact:
Lawrence L. Hooper, Jr., Vice President, General Counsel and Secretary
410-752-5900 or 800-638-2479
E-mail: [email protected]
Website: www.adamsexpress.com  

For your convenience, all press releases are posted to our website.  If you would like to receive future press releases by fax or e-mail, please contact us.

 

SOURCE The Adams Express Company

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
“In the past year we've seen a lot of stabilization of WebRTC. You can now use it in production with a far greater degree of certainty. A lot of the real developments in the past year have been in things like the data channel, which will enable a whole new type of application," explained Peter Dunkley, Technical Director at Acision, in this SYS-CON.tv interview at @ThingsExpo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Ciqada will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Ciqada™ makes it easy to connect your products to the Internet. By integrating key components - hardware, servers, dashboards, and mobile apps - into an easy-to-use, configurable system, your products can quickly and securely join the internet of things. With remote monitoring, control, and alert messaging capability, you will meet your customers' needs of tomorrow - today! Ciqada. Let your products take flight. For more inform...
WebRTC is an up-and-coming standard that enables real-time voice and video to be directly embedded into browsers making the browser a primary user interface for communications and collaboration. WebRTC runs in a number of browsers today and is currently supported in over a billion installed browsers globally, across a range of platform OS and devices. Today, organizations that choose to deploy WebRTC applications and use a host machine that supports audio through USB or Bluetooth can use Plantronics products to connect and transit or receive the audio associated with the WebRTC session.
The best mobile applications are augmented by dedicated servers, the Internet and Cloud services. Mobile developers should focus on one thing: writing the next socially disruptive viral app. Thanks to the cloud, they can focus on the overall solution, not the underlying plumbing. From iOS to Android and Windows, developers can leverage cloud services to create a common cross-platform backend to persist user settings, app data, broadcast notifications, run jobs, etc. This session provides a high level technical overview of many cloud services available to mobile app developers, includi...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
There are lots of challenges in IoT around secure, scalable and business friendly infrastructure for enterprises. For large corporations, IoT implementations are one of the top priorities of the decade. All industries are seeing a competitive need to sustain by investing in IoT initiatives. The value addition comes from improved customer service, innovative product and additional revenue streams. The data from these IP-connected devices can be leveraged for a variety of business applications as well as responsive action controls. The various architectural building blocks of an IoT ...
Health care systems across the globe are under enormous strain, as facilities reach capacity and costs continue to rise. M2M and the Internet of Things have the potential to transform the industry through connected health solutions that can make care more efficient while reducing costs. In fact, Vodafone's annual M2M Barometer Report forecasts M2M applications rising to 57 percent in health care and life sciences by 2016. Lively is one of Vodafone's health care partners, whose solutions enable older adults to live independent lives while staying connected to loved ones. M2M will continue to gr...
Chuck Piluso will present a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Speaker Bio: Prior to Data Storage Corporation (DSC), Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Telecommunications Corporation, a facilities-based international carrier licensed by t...
Dave will share his insights on how Internet of Things for Enterprises are transforming and making more productive and efficient operations and maintenance (O&M) procedures in the cleantech industry and beyond. Speaker Bio: Dave Landa is chief operating officer of Cybozu Corp (kintone US). Based in the San Francisco Bay Area, Dave has been on the forefront of the Cloud revolution driving strategic business development on the executive teams of multiple leading Software as a Services (SaaS) application providers dating back to 2004. Cybozu's kintone.com is a leading global BYOA (Build Your O...
As enterprises move to all-IP networks and cloud-based applications, communications service providers (CSPs) – facing increased competition from over-the-top providers delivering content via the Internet and independently of CSPs – must be able to offer seamless cloud-based communication and collaboration solutions that can scale for small, midsize, and large enterprises, as well as public sector organizations, in order to keep and grow market share. The latest version of Oracle Communications Unified Communications Suite gives CSPs the capability to do just that. In addition, its integration ...
The IoT Bootcamp is coming to Cloud Expo | @ThingsExpo on June 9-10 at the Javits Center in New York. Instructor. Registration is now available at http://iotbootcamp.sys-con.com/ Instructor Janakiram MSV previously taught the famously successful Multi-Cloud Bootcamp at Cloud Expo | @ThingsExpo in November in Santa Clara. Now he is expanding the focus to Janakiram is the founder and CTO of Get Cloud Ready Consulting, a niche Cloud Migration and Cloud Operations firm that recently got acquired by Aditi Technologies. He is a Microsoft Regional Director for Hyderabad, India, and one of the f...
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal today!
While not quite mainstream yet, WebRTC is starting to gain ground with Carriers, Enterprises and Independent Software Vendors (ISV’s) alike. WebRTC makes it easy for developers to add audio and video communications into their applications by using Web browsers as their platform. But like any market, every customer engagement has unique requirements, as well as constraints. And of course, one size does not fit all. In her session at WebRTC Summit, Dr. Natasha Tamaskar, Vice President, Head of Cloud and Mobile Strategy at GENBAND, will explore what is needed to take a real time communications ...
SYS-CON Media announced today that @ThingsExpo Blog launched with 7,788 original stories. @ThingsExpo Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @ThingsExpo Blog can be bookmarked. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago.
The world's leading Cloud event, Cloud Expo has launched Microservices Journal on the SYS-CON.com portal, featuring over 19,000 original articles, news stories, features, and blog entries. DevOps Journal is focused on this critical enterprise IT topic in the world of cloud computing. Microservices Journal offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. Follow new article posts on Twitter at @MicroservicesE
SYS-CON Events announced today that robomq.io will exhibit at SYS-CON's @ThingsExpo, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. robomq.io is an interoperable and composable platform that connects any device to any application. It helps systems integrators and the solution providers build new and innovative products and service for industries requiring monitoring or intelligence from devices and sensors.
Containers and microservices have become topics of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 16th Cloud Expo at the Javits Center in New York June 9-11 will find fresh new content in a new track called PaaS | Containers & Microservices Containers are not being considered for the first time by the cloud community, but a current era of re-consideration has pushed them to the top of the cloud agenda. With the launch of Docker's initial release in March of 2013, interest was revved up several notches. Then late last...
Wearable technology was dominant at this year’s International Consumer Electronics Show (CES) , and MWC was no exception to this trend. New versions of favorites, such as the Samsung Gear (three new products were released: the Gear 2, the Gear 2 Neo and the Gear Fit), shared the limelight with new wearables like Pebble Time Steel (the new premium version of the company’s previously released smartwatch) and the LG Watch Urbane. The most dramatic difference at MWC was an emphasis on presenting wearables as fashion accessories and moving away from the original clunky technology associated with t...
SYS-CON Events announced today that Litmus Automation will exhibit at SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Litmus Automation’s vision is to provide a solution for companies that are in a rush to embrace the disruptive Internet of Things technology and leverage it for real business challenges. Litmus Automation simplifies the complexity of connected devices applications with Loop, a secure and scalable cloud platform.
In 2015, 4.9 billion connected "things" will be in use. By 2020, Gartner forecasts this amount to be 25 billion, a 410 percent increase in just five years. How will businesses handle this rapid growth of data? Hadoop will continue to improve its technology to meet business demands, by enabling businesses to access/analyze data in real time, when and where they need it. Cloudera's Chief Technologist, Eli Collins, will discuss how Big Data is keeping up with today's data demands and how in the future, data and analytics will be pervasive, embedded into every workflow, application and infra...