Adams Diversified Equity Fund Reports Nine Month Results
20 Oktober 2023 - 12:00AM
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
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