• Adams Diversified Equity Fund Reports Nine Month Results

    Источник: Nasdaq GlobeNewswire / 19 окт 2023 17:00:24   America/Chicago

    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 Year3 Year5 Year10 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 Category20.6%9.5%9.0%10.7%
    S&P 50021.6%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:

     9/30/20239/30/2022
    Net assets$2,347,175,163$2,018,853,995
    Shares outstanding120,809,873117,873,650
    Net asset value per share$19.43$17.13
         

    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2023)

     % of Net Assets
    Microsoft Corporation7.4%
    Apple Inc.6.6%
    Alphabet Inc. Class A4.1%
    NVIDIA Corporation3.1%
    Amazon.com, Inc.3.0%
    Adams Natural Resources Fund, Inc.*2.2%
    JPMorgan Chase & Co.2.0%
    Visa Inc. Class A2.0%
    UnitedHealth Group Incorporated1.9%
    Meta Platforms, Inc. Class A1.8%
    Total34.1%
    *Non-controlled affiliated closed-end fund
     

    SECTOR WEIGHTINGS (9/30/2023)

     % of Net Assets
    Information Technology27.6%
    Health Care13.1%
    Consumer Discretionary11.0%
    Financials12.6%
    Communication Services8.8%
    Industrials8.2%
    Consumer Staples6.5%
    Energy5.0%
    Materials2.5%
    Real Estate2.3%
    Utilities2.1%
      

    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


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