Adams Diversified Equity Fund Reports Nine Month Results
Adams Diversified Equity Fund announces results for the nine months ended September 30th
Positive
The total return on Adams Diversified Equity's net asset value was 12.8%
The total return on the market price of the Fund's shares for the period was 15.5%
For the twelve months ended September 30th, the total return on Adams Diversified Equity's net asset value was 21.5%
The total return on the market price of the Fund's shares for the period was 22.3%
The Fund's net asset value at September 30, 2023, was $2,347,175,163
The ten largest equity portfolio holdings accounted for 34.1% of net assets
The Information Technology sector accounted for 27.6% of net assets
10/19/2023 - 06:00 PM
BALTIMORE, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund’s results for the nine months ended September 30th . The total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 12.8% . Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 13.1% and 11.6% , respectively. The total return on the market price of the Fund’s shares for the period was 15.5% .
For the twelve months ended September 30th , the total return on Adams Diversified Equity’s net asset value, with dividends and capital gains reinvested, was 21.5% . Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 21.6% and 20.6% , respectively. The total return on the market price of the Fund’s shares for the period was 22.3% .
The Third Quarter Report to Shareholders is expected to be available on or about October 25, 2023.
ANNUALIZED COMPARATIVE RETURNS (9/30/2023)
1 Year 3 Year 5 Year 10 Year Adams Diversified Equity Fund (NAV) 21.5 % 10.6 % 10.6 % 12.6 % Adams Diversified Equity Fund (market price) 22.3 % 10.5 % 10.5 % 12.5 % Morningstar U.S. Large Blend Category 20.6 % 9.5 % 9.0 % 10.7 % S&P 500 21.6 % 10.2 % 9.9 % 11.9 %
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at September 30, 2023, compared with the year earlier, was:
9/30/2023 9/30/2022 Net assets $ 2,347,175,163 $ 2,018,853,995 Shares outstanding 120,809,873 117,873,650 Net asset value per share $ 19.43 $ 17.13
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2023)
% of Net Assets Microsoft Corporation 7.4% Apple Inc. 6.6% Alphabet Inc. Class A 4.1% NVIDIA Corporation 3.1% Amazon.com, Inc. 3.0% Adams Natural Resources Fund, Inc.* 2.2% JPMorgan Chase & Co. 2.0% Visa Inc. Class A 2.0% UnitedHealth Group Incorporated 1.9% Meta Platforms, Inc. Class A 1.8% Total 34.1 % *Non-controlled affiliated closed-end fund
SECTOR WEIGHTINGS (9/30/2023)
% of Net Assets Information Technology 27.6% Health Care 13.1% Consumer Discretionary 11.0% Financials 12.6% Communication Services 8.8% Industrials 8.2% Consumer Staples 6.5% Energy 5.0% Materials 2.5% Real Estate 2.3% Utilities 2.1%
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 85 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. 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
The total return on Adams Diversified Equity's net asset value was 12.8%.
The total return on the market price of the Fund's shares for the period was 15.5%.
The total return on Adams Diversified Equity's net asset value for the twelve months ended September 30th was 21.5%.
The total return on the market price of the Fund's shares for the twelve months ended September 30th was 22.3%.
The Fund's net asset value at September 30, 2023, was $2,347,175,163.
The ten largest equity portfolio holdings accounted for 34.1% of net assets.
The Information Technology sector accounted for 27.6% of net assets.
Adams Diversified Equity Fund
ADX Rankings
#1919 Ranked by Stock Gains
ADX Stock Data
Industry
Offices of Other Holding Companies
Sector
Management of Companies and Enterprises
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
Baltimore
About ADX
adams funds is composed of two of the country’s oldest closed-end equity funds - adams diversified equity fund, inc. (nyse:adx) and adams natural resources fund, inc. (nyse:peo). as closed-end funds, shares of each fund’s common stock are listed and trade on the new york stock exchange. for over 85 years, both funds have been internally managed and have generated capital growth and income through portfolio performance, dividends, and distributions. the funds are managed by an experienced team employing a disciplined approach to identify investment opportunities and carefully manage risk. our funds have paid dividends for over 80 years and are committed to an annual distribution rate of at least 6%.
