Adams Diversified Equity Fund Reports Nine Month Results
Adams Diversified Equity Fund (NYSE: ADX) reported its nine-month results ending September 30, 2024. The fund's total return on net asset value was 21.3%, slightly underperforming the S&P 500 (22.1%) but outperforming the Morningstar U.S. Large Blend category (20.4%). The market price return was 24.9%. For the 12-month period, ADX's NAV return was 37.0%, outperforming both benchmarks. The fund's net assets increased to $2.74 billion from $2.35 billion a year earlier, with a net asset value per share of $24.31. The top holdings include Apple (7.7%), Microsoft (7.4%), and NVIDIA (6.3%), with Information Technology being the largest sector weighting at 31.0%.
Il Adams Diversified Equity Fund (NYSE: ADX) ha riportato i risultati dei nove mesi terminanti il 30 settembre 2024. Il rendimento totale sul valore netto degli attivi 猫 stato del 21,3%, leggermente al di sotto rispetto all'S&P 500 (22,1%), ma superiore alla categoria Morningstar U.S. Large Blend (20,4%). Il rendimento del prezzo di mercato 猫 stato del 24,9%. Nel periodo di 12 mesi, il rendimento NAV di ADX 猫 stato del 37,0%, superando entrambi i parametri di riferimento. Gli attivi netti del fondo sono aumentati a 2,74 miliardi di dollari, rispetto ai 2,35 miliardi di dollari di un anno prima, con un valore netto degli attivi per azione di 24,31 dollari. Le principali partecipazioni includono Apple (7,7%), Microsoft (7,4%) e NVIDIA (6,3%), con la Tecnologia dell'Informazione che rappresenta il settore di maggior peso con il 31,0%.
El Adams Diversified Equity Fund (NYSE: ADX) inform贸 sus resultados de nueve meses que finalizaron el 30 de septiembre de 2024. El retorno total sobre el valor neto de los activos fue del 21.3%, ligeramente por debajo del S&P 500 (22.1%), pero superando la categor铆a Morningstar U.S. Large Blend (20.4%). El retorno del precio de mercado fue del 24.9%. Para el periodo de 12 meses, el retorno NAV de ADX fue del 37.0%, superando ambos puntos de referencia. Los activos netos del fondo aumentaron a 2.74 mil millones de d贸lares desde 2.35 mil millones un a帽o antes, con un valor neto de activos por acci贸n de 24.31 d贸lares. Las principales participaciones incluyen Apple (7.7%), Microsoft (7.4%) y NVIDIA (6.3%), siendo Tecnolog铆a de la Informaci贸n el sector con mayor ponderaci贸n, representando el 31.0%.
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Le Adams Diversified Equity Fund (NYSE: ADX) a annonc茅 ses r茅sultats des neuf mois se terminant le 30 septembre 2024. Le rendement total sur la valeur nette des actifs 茅tait de 21,3%, l茅g猫rement en de莽脿 du S&P 500 (22,1%), mais sup茅rieur 脿 la cat茅gorie Morningstar U.S. Large Blend (20,4%). Le rendement du prix du march茅 茅tait de 24,9%. Pour la p茅riode de 12 mois, le rendement NAV d'ADX 茅tait de 37,0%, surpassant les deux rep猫res. Les actifs nets du fonds ont augment茅 脿 2,74 milliards de dollars contre 2,35 milliards de dollars l'ann茅e pr茅c茅dente, avec une valeur nette par action de 24,31 dollars. Les principales participations comprennent Apple (7,7%), Microsoft (7,4%) et NVIDIA (6,3%), le secteur des technologies de l'information ayant la plus grande pond茅ration 脿 31,0%.
Der Adams Diversified Equity Fund (NYSE: ADX) hat seine Ergebnisse f眉r die neun Monate bis zum 30. September 2024 ver枚ffentlicht. Die Gesamtrendite auf das Nettoverm枚gen betrug 21,3%, was leicht hinter dem S&P 500 (22,1%) zur眉ckblieb, aber besser abschneidet als die Morningstar U.S. Large Blend-Kategorie (20,4%). Die Marktrendite lag bei 24,9%. Im 12-Monats-Zeitraum betrug die NAV-Rendite von ADX 37,0%, was beide Benchmarks 眉bertraf. Die Nettoverm枚gen des Fonds stiegen auf 2,74 Milliarden Dollar im Vergleich zu 2,35 Milliarden Dollar im Vorjahr, mit einem Nettoverm枚genswert pro Aktie von 24,31 Dollar. Die wichtigsten Positionen umfassen Apple (7,7%), Microsoft (7,4%) und NVIDIA (6,3%), wobei der Technologiesektor mit 31,0% das gr枚脽te Gewicht hat.
- Total return on net asset value for 12 months (37.0%) outperformed both S&P 500 (36.4%) and Morningstar U.S. Large Blend category (34.5%)
- Market price return for 12 months was 41.9%, significantly higher than NAV return
- Net assets increased from $2.35 billion to $2.74 billion year-over-year
- Net asset value per share grew from $19.43 to $24.31 over the past year
- Nine-month total return on net asset value (21.3%) underperformed the S&P 500 (22.1%)
Insights
Adams Diversified Equity Fund's performance for the nine months ended September 30, 2024, shows strong results, with a
Over a 12-month period, ADX outperformed both benchmarks with a
The fund's
The fund's slight underperformance compared to the S&P 500 in the 9-month period might be attributed to its diversification strategy. While this may have tempered short-term gains, it's important for long-term risk management. The overweight position in tech stocks has paid off, but investors should monitor this concentration risk.
The reduction in shares outstanding from 120.8 million to 112.7 million suggests share buybacks or a tender offer, which can be positive for remaining shareholders. The fund's investment in its sister fund, Adams Natural Resources Fund (
The fund's sector weightings show a balanced approach beyond tech, with significant allocations to Financials (
BALTIMORE, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund鈥檚 results for the nine months ended September 30th. The total return on Adams Diversified Equity鈥檚 net asset value, with dividends and capital gains reinvested, was
For the twelve months ended September 30th, the total return on Adams Diversified Equity鈥檚 net asset value, with dividends and capital gains reinvested, was
The Third Quarter Report to Shareholders is expected to be available on or about October 23, 2024.
| 听 | ||||
| ANNUALIZED COMPARATIVE RETURNS (9/30/2024) | ||||
| 听 | 听 | 听 | 听 | 听 |
| 听 | 1 Year | 3 Year | 5 Year | 10 Year |
| Adams Diversified Equity Fund (NAV) | ||||
| Adams Diversified Equity Fund (market price) | ||||
| Morningstar U.S. Large Blend Category | ||||
| S&P 500 | ||||
| 听 | 听 | 听 | 听 | 听 |
| NET ASSET VALUE ANNOUNCED |
| 听 |
The Fund鈥檚 net asset value at September 30, 2024, compared with the year earlier, was:
| 听 | 听 | 听 |
| 听 | 9/30/2024 | 9/30/2023 |
| Net assets | ||
| Shares outstanding | 112,690,081 | 120,809,873 |
| Net asset value per share | ||
| 听 | 听 | 听 |
| TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2024) | |
| 听 | 听 |
| 听 | % of Net Assets |
| Apple Inc. | |
| Microsoft Corporation | |
| NVIDIA Corporation | |
| Amazon.com, Inc. | |
| Alphabet Inc. Class A | |
| Meta Platforms, Inc. Class A | |
| JPMorgan Chase & Co. | |
| Adams Natural Resources Fund, Inc.* | |
| Broadcom Inc. | |
| Eli Lilly and Company | |
| Total | 39.3% |
| *Non-controlled affiliated closed-end fund | 听 |
| 听 | 听 |
| SECTOR WEIGHTINGS (9/30/2024) | |
| 听 | 听 |
| 听 | % of Net Assets |
| Information Technology | |
| Financials | |
| Health Care | |
| Consumer Discretionary | |
| Communication Services | |
| Industrials | |
| Consumer Staples | |
| Energy | |
| Utilities | |
| Real Estate | |
| Materials | |
| 听 | 听 |
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
For further information please contact: adamsfunds.com/about/contact 鈹�800.638.2479
FAQ
What was Adams Diversified Equity Fund's (ADX) total return on net asset value for the nine months ended September 30, 2024?
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