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high-quality companies through a proprietary research process; employing rigorous analysis to assess company fundamentals; and executing a portfolio management strategy focusing on generating long-term capital appreciation. Both funds make investment decisions with an eye toward protecting investors’ principal and generating dividends and capital gains that can be used as a source of income or reinvested to increase investors’ holdings. Both funds have consistently paid dividends for over 80 years and are committed to paying an annual distribution of at least 6%.
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system. It became an investment company in 1929, just prior to the
October 1929 stock market crash. Adams survived the Great Depression and is now one of the oldest closed-end funds at 91 years old. The firm uses a disciplined investment process consisting of three core tenets: identifying
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Adams
Express was founded in 1854 and is one of the oldest companies listed on the New York Stock Exchange (NYSE: ADX). It is one of only five companies that has continued to operate as a closed-end fund since 1929. The company has paid dividends continuously since 1935. The
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Adams Funds is located in
Baltimore, Maryland, with an office in Boston, Massachusetts. Mark E. Stoeckle has been CEO and Senior Portfolio Manager of Adams Funds since joining the firm in 2013.
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in recognition of the fact that its express activities had long ended; it continues to operate as a closed-end fund traded on the New York Stock
Exchange under its previous symbol.
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Adams
Express was used by abolitionist groups in the 1840s to deliver anti-slavery newspapers from northern publishers to southern states; in 1849, a Richmond, Virginia slave named
217:, the former New York headquarters for Adams Express, was constructed beginning in 1912. In 1976, Adams relocated its headquarters to Baltimore, where it is based today.
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Adams Funds traces its roots to Adams
Express Company, a 19th-century freight and cargo transport business that was part of the
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and other eastern cities. By 1847, he had penetrated deeply into the South, and by 1850 he was shipping by rail and
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shipped himself north to
Philadelphia and freedom via Adams Express. In 1855, the company was reorganized as the
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532:"The Adams Express Company and Petroleum & Resources Corporation Announce Name Changes and New Branding"
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mentions Adams
Express as his preferred form of payment to compensate for his years of unpaid labor, in his
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started in 1861, Adams had operations throughout the
American South, operating as Southern Express, led by
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502:, "Fugitive Mail: The Deliverance of Henry Box Brown." American Studies, 50:1/2 (Spring/Summer 2009): 5-30
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housed at the
University of Kentucky Libraries Special Collections Research Center
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Adams Express Company is referenced in the punchline to a Biblical joke found in
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into the American Railway Express Company, which later became the
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Corporation, Adams Express Company; Petroleum & Resources.
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Digitized images of Adams Express Company Journal, 1855-1863
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problems was a large factor in building up the noted
674:Financial services companies established in 1854
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472:These Ancient Funds Are Still Beating the Market
201:focused on energy and natural resources stocks.
654:Companies listed on the New York Stock Exchange
679:Financial services companies based in Maryland
554:: CS1 maint: multiple names: authors list (
374:Since 1929, Adams Express has operated as a
334:New York, New Haven & Hartford Railroad
256:, Adams rapidly extended his territory to
453:, New York: Charles Scribner's Sons, 1940
301:Child messengers, Norfolk, Virginia, 1911
689:1854 establishments in the United States
659:Logistics companies of the United States
408:Letter from a Freedman to His Old Master
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664:Massachusetts in the American Civil War
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324:and the mid-Atlantic coast to the far
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438:Petroleum & Resources Corporation
361:Pinkerton National Detective Agency
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232:Civil War mail with Adams' postmark
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449:Dictionary of American History by
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433:Adams Express during the Civil War
171:Adams Diversified Equity Fund, Inc
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288:Adams & Company of California
187:Adams Natural Resources Fund Inc.
181:), a publicly traded diversified
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423:A: "For Adams Express Company."
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605:Business data for Adams Funds:
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342:Norfolk & Western Railroad
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392:Adams Diversified Equity Fund
332:and the third largest in the
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320:held a strong position from
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569:Child, Lydia Maria (1869).
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590:. Garden City Publishing.
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250:Worcester, Massachusetts
420:Q: "Why was Eve made?"
684:Railway Express Agency
586:Meyer, Jerome (1940).
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215:Adams Express Building
330:Pennsylvania Railroad
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281:Adams Express Company
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167:Adams Express Company
572:The Freedmen's Book
451:James Truslow Adams
398:Cultural references
388:Baltimore, Maryland
254:Adams & Company
113:Baltimore, Maryland
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536:www.prnewswire.com
517:2007-01-25 at the
344:and other shares.
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155:www.adamsfunds.com
132:Mark E. Stoeckle (
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277:Henry "Box" Brown
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139:James P. Haynie (
16:(Redirected from
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588:The Big Fun Book
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326:Western plains
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539:. Retrieved
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108:Headquarters
42:Company type
625:SEC filings
487:Adams Funds
322:New England
238:Alvin Adams
183:equity fund
165:, formerly
163:Adams Funds
102:Alvin Adams
28:Adams Funds
648:Categories
541:2018-04-24
458:References
349:antebellum
266:stagecoach
125:Key people
74:Investment
610:Bloomberg
307:Civil War
270:St. Louis
236:In 1839,
141:president
54:Traded as
550:cite web
515:Archived
427:See also
410:(1865).
70:Industry
620:Reuters
382::
357:robbery
224:History
193::
177::
151:Website
98:Founder
88: (
80:Founded
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630:Yahoo!
615:Google
246:Boston
185:, and
46:Public
512:About
118:U. S.
556:link
380:NYSE
316:The
248:and
191:NYSE
175:NYSE
90:1854
83:1854
60:NYSE
384:ADX
378:, (
268:to
195:PEO
179:ADX
173:. (
134:CEO
64:ADX
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552:}}
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
