Adams Diversified Equity Fund Reports Nine Month Results
17 Octubre 2024 - 3:05PM
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 Year |
3 Year |
5 Year |
10 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
Category |
34.5% |
10.6% |
14.9% |
12.0% |
S&P 500 |
36.4% |
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:
|
|
|
|
9/30/2024 |
9/30/2023 |
Net assets |
$2,739,312,275 |
$2,347,175,163 |
Shares outstanding |
112,690,081 |
120,809,873 |
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 Corporation |
7.4% |
NVIDIA Corporation |
6.3% |
Amazon.com, Inc. |
4.1% |
Alphabet Inc. Class A |
3.5% |
Meta Platforms, Inc. Class
A |
2.8% |
JPMorgan Chase & Co. |
2.0% |
Adams Natural Resources Fund,
Inc.* |
1.9% |
Broadcom Inc. |
1.8% |
Eli
Lilly and Company |
1.8% |
Total |
39.3% |
*Non-controlled affiliated closed-end fund |
|
|
|
SECTOR WEIGHTINGS (9/30/2024) |
|
|
|
% of Net Assets |
Information Technology |
31.0% |
Financials |
12.5% |
Health Care |
11.6% |
Consumer Discretionary |
10.3% |
Communication Services |
9.0% |
Industrials |
8.5% |
Consumer Staples |
6.1% |
Energy |
3.6% |
Utilities |
2.4% |
Real Estate |
2.3% |
Materials |
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 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
Adams Diversified Equity (NYSE:ADX)
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