Adams Diversified Equity Fund (NYSE: ADX) reported a 10.8% total return on net asset value (NAV), with reinvested distributions, for the first half of 2026, versus 10.2% for the S&P 500 and 9.5% for the Morningstar U.S. Large Blend category. The Fund’s market-price total return was 13.9% for the same period. Annualized NAV returns as of June 30, 2026 were 22.2% (1-year), 21.5% (3-year), 14.1% (5-year), and 16.5% (10-year), with market-price returns even higher. NAV rose to $3.29 billion from $2.80 billion a year earlier, and NAV per share increased to $26.34 from $23.35. Top holdings totaled 40.3% of net assets, led by NVIDIA, Apple, Alphabet, and Microsoft, and information technology represented 37.7% of sector exposure. According to Adams Funds, ADX targets a minimum annual distribution rate of 8% of NAV, paid evenly each quarter.
H1 2026 NAV total return 10.8%, above S&P 500 at 10.2% and category at 9.5%
H1 2026 market-price total return 13.9%, exceeding NAV return of 10.8%
Annualized 3-year NAV return 21.5% vs S&P 500 at 20.6%
Annualized 10-year NAV return 16.5% vs S&P 500 at 15.5%
Net assets up to $3.29B from $2.80B year-over-year
Minimum 8% of NAV annual distribution, paid evenly each quarter
Negative
1-year NAV return 22.2%, slightly below S&P 500 at 22.3%
Shares outstanding increased to 124.9M from 120.1M year-over-year
Market Context
Against a backdrop of consistently positive reactions to prior ADX announcements and relatively low ...
Analysis
Against a backdrop of consistently positive reactions to prior ADX announcements and relatively low short positioning, this performance update fits a pattern of steady execution. Investors may focus on ongoing distribution commitments while monitoring sector exposures for concentration risk.
Key Figures
H1 2026 NAV total return:10.8%H1 2026 market price total return:13.9%H1 2026 S&P 500 total return:10.2%+5 more
8 metrics
H1 2026 NAV total return10.8%First half of 2026, with dividends and capital gains reinvested
H1 2026 market price total return13.9%Fund market price total return for first half of 2026
H1 2026 S&P 500 total return10.2%Benchmark total return for first half of 2026
1-year NAV return22.2%Annualized total return on NAV through 6/30/2026
1-year market price return27.4%Annualized total return on market price through 6/30/2026
Net assets$3,290,082,088Fund net assets at 6/30/2026
NAV per share$26.34Net asset value per share at 6/30/2026
Annual distribution commitment8% of NAVMinimum annual distribution rate paid evenly each quarter
Declared $0.47 per share distribution with detailed source breakdown.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent ADX news events have each been followed by small positive next-day price moves.
Key Terms
net asset value, closed-end funds, return of capital
3 terms
net asset valuefinancial
"The total return on the Fund’s net asset value for the first half of 2026"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
"Adams Funds is comprised of two closed-end funds, Adams Diversified Equity Fund"
A closed-end fund is an investment pool that raises a fixed amount of money by issuing a set number of shares, which then trade on an exchange like stocks. Unlike bank-style mutual funds that buy or sell shares on demand, its market price can sit above or below the fund’s per-share value of holdings (like a used-car market price versus the sticker price), so investors should watch both the traded price and the underlying asset value for potential bargains or risks.
return of capitalfinancial
"may be treated as paid from sources other than net income, including ... return of capital"
Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.
BALTIMORE, July 16, 2026 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund’s investment returns for the first half of 2026. The total return on the Fund’s net asset value for the first half of 2026 was 10.8%, with dividends and capital gains reinvested.This compared to 10.2% and 9.5% total return for the S&P 500 Index and the Morningstar U.S. Large Blend category, respectively.The total return on the Fund’s market price for the period was 13.9%.
The Semi-Annual Report to Shareholders is expected to be released on or about July 22, 2026.
ANNUALIZED COMPARATIVE RETURNS (6/30/2026)
1 Year
3 Year
5 Year
10 Year
Adams Diversified Equity Fund (NAV)
22.2%
21.5%
14.1%
16.5%
Adams Diversified Equity Fund (market price)
27.4%
27.4%
16.9%
18.2%
Morningstar U.S. Large Blend Category
20.2%
19.4%
12.0%
14.4%
S&P 500
22.3%
20.6%
13.4%
15.5%
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at June 30, 2026, compared with the year earlier, was:
6/30/2026
6/30/2025
Net assets
$3,290,082,088
$2,804,959,277
Shares outstanding
124,927,128
120,125,125
Net asset value per share
$26.34
$23.35
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2026)
% of Net Assets
NVIDIA Corporation
7.6%
Apple Inc.
6.7%
Alphabet Inc. Class A
5.8%
Microsoft Corporation
4.6%
Amazon.com
3.8%
Broadcom Inc.
2.9%
Lam Research Corporation
2.6%
Advanced Micro Devices, Inc.
2.3%
JPMorgan Chase & Co.
2.0%
Adams Natural Resources Fund, Inc.*
2.0%
Total
40.3%
* Non-controlled affiliated closed-end fund
SECTOR WEIGHTINGS (6/30/2026)
% of Net Assets
Information Technology
37.7%
Financials
11.9%
Communication Services
9.6%
Consumer Discretionary
9.2%
Health Care
9.1%
Industrials
8.7%
Consumer Staples
4.4%
Energy
3.4%
Utilities
2.1%
Real Estate
1.8%
Materials
1.6%
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, please contact: adamsfunds.com/about/contact │800.638.2479
FAQ
How did Adams Diversified Equity Fund (NYSE: ADX) perform in the first half of 2026?
Adams Diversified Equity Fund delivered a 10.8% total return on NAV in the first half of 2026. According to Adams Funds, this NAV return includes reinvested dividends and capital gains, while the Fund’s market-price total return for the period was a higher 13.9%.
How did ADX’s 2026 first-half performance compare to the S&P 500 and its Morningstar category?
ADX’s 10.8% NAV total return slightly exceeded the S&P 500’s 10.2% and its category’s 9.5% in first-half 2026. According to Adams Funds, the Morningstar U.S. Large Blend category returned 9.5%, indicating ADX outpaced both its primary benchmark and peer group.
What are the annualized long-term returns for Adams Diversified Equity Fund (ADX) as of June 30, 2026?
As of June 30, 2026, ADX’s annualized NAV returns were 22.2% (1-year), 21.5% (3-year), 14.1% (5-year), and 16.5% (10-year). According to Adams Funds, market-price annualized returns were higher still, reaching 27.4% for both 1-year and 3-year and 18.2% over 10 years.
How has Adams Diversified Equity Fund’s NAV and asset size changed year over year through June 30, 2026?
ADX’s net assets increased to $3.29 billion at June 30, 2026, from $2.80 billion a year earlier. According to Adams Funds, NAV per share rose to $26.34 from $23.35, while shares outstanding grew from 120,125,125 to 124,927,128 over the same period.
What are the largest holdings in Adams Diversified Equity Fund (ADX) as of June 30, 2026?
As of June 30, 2026, ADX’s largest holding was NVIDIA at 7.6% of net assets. According to Adams Funds, other major positions included Apple (6.7%), Alphabet Class A (5.8%), Microsoft (4.6%), Amazon (3.8%), and Adams Natural Resources Fund at 2.0%.
What is ADX’s sector allocation and distribution policy as of mid-2026?
As of June 30, 2026, information technology was ADX’s largest sector at 37.7% of net assets. According to Adams Funds, the Fund is committed to a minimum annual distribution rate of 8% of NAV, paid evenly each quarter, with final tax character determined after year-end.
