Adams Diversified Equity Fund Announces First Half 2025 Performance

Rhea-AI Summary

Adams Diversified Equity Fund (NYSE: ADX) reported strong performance for the first half of 2025, achieving a 7.8% total return on net asset value, outperforming both the S&P 500 Index (6.2%) and Morningstar U.S. Large Blend category (5.7%). The fund's market price return was even more impressive at 12.4%.

As of June 30, 2025, the fund's net assets stood at $2.80 billion with a net asset value of $23.35 per share. The portfolio is heavily weighted towards Information Technology (32.7%), with top holdings including Microsoft (7.7%), NVIDIA (7.5%), and Apple (6.1%). The fund's long-term performance remains strong, with 10-year annualized returns of 14.3% based on NAV.

Positive

• Outperformed both S&P 500 and Morningstar U.S. Large Blend category in H1 2025
• Strong market price return of 12.4% in H1 2025
• Robust 10-year annualized returns of 14.3% on NAV
• Well-diversified portfolio with focus on high-growth tech sector (32.7% allocation)

Negative

• Net assets decreased from $2.94B to $2.80B year-over-year
• Net asset value per share declined from $23.69 to $23.35 year-over-year
• High concentration in tech sector (32.7%) could increase volatility risk
• Top 10 holdings represent 40.8% of portfolio, indicating concentration risk

BALTIMORE, July 17, 2025 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for the first half of 2025. The total return on the Fund’s net asset value for the first half of 2025 was 7.8%, with dividends and capital gains reinvested. This compared to 6.2% total return for the S&P 500 Index and 5.7% total return for the Morningstar U.S. Large Blend category. The total return on the Fund’s market price for the period was 12.4%.

The Semi-Annual Report to Shareholders is expected to be available on or about July 23, 2025.

ANNUALIZED COMPARATIVE RETURNS (6/30/2025)
	1 Year	3 Year	5 Year	10 Year
Adams Diversified Equity Fund (NAV)	15.1%	20.5%	17.2%	14.3%
Adams Diversified Equity Fund (market price)	18.0%	24.0%	19.2%	15.1%
Morningstar U.S. Large Blend Category	13.6%	18.2%	15.5%	12.3%
S&P 500	15.2%	19.7%	16.6%	13.7%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at June 30, 2025, compared with the year earlier, was:

	6/30/2025	6/30/2024
Net assets	$2,804,959,277	$2,938,344,145
Shares outstanding	120,125,125	124,051,735
Net asset value per share	$23.35	$23.69

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2025)
	% of Net Assets
Microsoft Corporation	7.7	%
NVIDIA Corporation	7.5	%
Apple Inc.	6.1	%
Amazon.com, Inc.	4.1	%
Alphabet Inc. Class A	3.4	%
Meta Platforms, Inc. Class A	3.3	%
Broadcom Inc.	2.6	%
JPMorgan Chase & Co.	2.5	%
Adams Natural Resources Fund, Inc.*	1.9	%
Netflix, Inc.	1.7	%
Total	40.8	%
* Non-controlled affiliated closed-end fund.

SECTOR WEIGHTINGS (6/30/2025)
	% of Net Assets
Information Technology	32.7	%
Financials	13.8	%
Consumer Discretionary	10.7	%
Communication Services	9.8	%
Health Care	9.2	%
Industrials	8.1	%
Consumer Staples	5.8	%
Energy	3.2	%
Utilities	2.4	%
Real Estate	2.1	%
Materials	1.7	%

About Adams Funds

Since 1929, Adams Funds has consistently helped generations of investors reach their investment goals. Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO). The Funds are actively managed by an experienced team with a disciplined approach and have paid dividends for more than 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. Shares can be purchased through our transfer agent or through a broker. For more information about Adams Funds, please visit: adamsfunds.com.

For further information: adamsfunds.com/about/contact or 800.638.2479

FAQ

What was ADX's performance in the first half of 2025?

Adams Diversified Equity Fund achieved a 7.8% total return on NAV and 12.4% return on market price in H1 2025, outperforming both the S&P 500 (6.2%) and its Morningstar category (5.7%).

What are the largest holdings in ADX's portfolio as of June 2025?

The fund's largest holdings are Microsoft (7.7%), NVIDIA (7.5%), and Apple (6.1%), with the top 10 holdings representing 40.8% of net assets.

How has ADX performed over the long term?

ADX has delivered strong long-term returns with 10-year annualized returns of 14.3% on NAV and 15.1% on market price, outperforming its benchmark and peer category.

What is ADX's sector allocation as of June 2025?

The fund's largest sector allocation is Information Technology at 32.7%, followed by Financials (13.8%), Consumer Discretionary (10.7%), and Communication Services (9.8%).

What is ADX's current net asset value and total assets?

As of June 30, 2025, ADX had net assets of $2.80 billion and a net asset value of $23.35 per share.