• Adams Diversified Equity Fund Reports Nine Month Results

    来源: Nasdaq GlobeNewswire / 17 10月 2024 16:05:15   America/New_York

    BALTIMORE, Oct. 17, 2024 (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 21.3%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 22.1% and 20.4%, respectively. The total return on the market price of the Fund’s shares for the period was 24.9%.

    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 37.0%. Comparable figures for the S&P 500 and the Morningstar U.S. Large Blend category were 36.4% and 34.5%, respectively. The total return on the market price of the Fund’s shares for the period was 41.9%.

    The Third Quarter Report to Shareholders is expected to be available on or about October 23, 2024.

     
    ANNUALIZED COMPARATIVE RETURNS (9/30/2024)
         
     1 Year3 Year5 Year10 Year
    Adams Diversified Equity Fund (NAV)37.0%13.1%16.4%14.0%
    Adams Diversified Equity Fund (market price)41.9%13.9%16.4%14.4%
    Morningstar U.S. Large Blend Category34.5%10.6%14.9%12.0%
    S&P 50036.4%11.9%16.0%13.4%
         


    NET ASSET VALUE ANNOUNCED
     

    The Fund’s net asset value at September 30, 2024, compared with the year earlier, was:

       
     9/30/20249/30/2023
    Net assets$2,739,312,275$2,347,175,163
    Shares outstanding112,690,081120,809,873
    Net asset value per share$24.31$19.43
       


    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2024)
      
     % of Net Assets
    Apple Inc.7.7%
    Microsoft Corporation7.4%
    NVIDIA Corporation6.3%
    Amazon.com, Inc.4.1%
    Alphabet Inc. Class A3.5%
    Meta Platforms, Inc. Class A2.8%
    JPMorgan Chase & Co.2.0%
    Adams Natural Resources Fund, Inc.*1.9%
    Broadcom Inc.1.8%
    Eli Lilly and Company1.8%
    Total39.3%
    *Non-controlled affiliated closed-end fund
    		 
      


    SECTOR WEIGHTINGS (9/30/2024)
      
     % of Net Assets
    Information Technology31.0%
    Financials12.5%
    Health Care11.6%
    Consumer Discretionary10.3%
    Communication Services9.0%
    Industrials8.5%
    Consumer Staples6.1%
    Energy3.6%
    Utilities2.4%
    Real Estate2.3%
    Materials2.1%
      

    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 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


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