Adams Diversified Equity Fund Announces 2024 Performance
Adams Diversified Equity Fund (NYSE: ADX) reported strong performance for 2024, achieving a 23.6% total return on net asset value, slightly below the S&P 500's 25.0% but outperforming the Morningstar U.S. Large Blend Category's 22.7%. The fund's market price return was notably higher at 28.1%.
The Fund distributed $2.50 per share in dividends and capital gains, representing a 10.9% distribution rate on NAV, exceeding their new 8% NAV distribution commitment. Net assets increased to $2.66 billion by year-end, with a NAV per share of $22.64.
The portfolio maintains significant exposure to technology sector (32.4%), with top holdings including Apple (8.0%), Microsoft (7.1%), and NVIDIA (6.9%). Other major sectors include Financials (13.4%) and Consumer Discretionary (11.4%).
Adams Diversified Equity Fund (NYSE: ADX) ha riportato una forte performance per il 2024, conseguendo un ritorno totale del 23,6% sul valore dell'attivo netto, leggermente inferiore al 25,0% dell'S&P 500 ma superiore al 22,7% della categoria Morningstar U.S. Large Blend. Il ritorno sul prezzo di mercato del fondo è stato notevolmente più alto, raggiungendo un 28,1%.
Il fondo ha distribuito $2,50 per azione in dividendi e guadagni in conto capitale, rappresentando un 10,9% di tasso di distribuzione sul NAV, superando il loro nuovo impegno di distribuzione del 8% sul NAV. Gli attivi netti sono aumentati a $2,66 miliardi entro la fine dell'anno, con un NAV per azione di $22,64.
Il portafoglio mantiene un'esposizione significativa al settore tecnologico (32,4%), con le principali partecipazioni che includono Apple (8,0%), Microsoft (7,1%) e NVIDIA (6,9%). Altri settori principali includono i finanziari (13,4%) e i beni di consumo discrezionali (11,4%).
Adams Diversified Equity Fund (NYSE: ADX) reportó un fuerte desempeño para 2024, logrando un retorno total del 23.6% sobre el valor neto de los activos, ligeramente por debajo del 25.0% del S&P 500, pero superando el 22.7% de la categoría Morningstar U.S. Large Blend. El retorno del precio de mercado del fondo fue notablemente más alto en 28.1%.
El fondo distribuyó $2.50 por acción en dividendos y ganancias de capital, representando una tasa de distribución del 10.9% sobre el NAV, superando su nuevo compromiso de distribución del 8% del NAV. Los activos netos aumentaron a $2.66 mil millones al final del año, con un NAV por acción de $22.64.
La cartera mantiene una exposición significativa al sector tecnológico (32.4%), con las principales participaciones que incluyen Apple (8.0%), Microsoft (7.1%) y NVIDIA (6.9%). Otros sectores importantes incluyen Finanzas (13.4%) y Consumo Discrecional (11.4%).
아담스 다양화 주식 펀드(NYSE: ADX)는 2024년에 강력한 성과를 보고했으며, 순자산 가치 대비 23.6%의 총 수익률을 달성했습니다. 이는 S&P 500의 25.0%보다는 약간 낮지만, 모닝스타 미국 대형 혼합 카테고리의 22.7%를 웃도는 수치입니다. 펀드의 시장 가격 수익률은 28.1%로 현저히 높았습니다.
이 펀드는 배당금 및 자본 이익으로 주당 $2.50를 분배했으며, 이는 NAV 대비 10.9%의 배당률을 나타내며, 새로운 8% NAV 배당 약속을 초과했습니다. 순자산은 연말까지 $2.66억으로 증가했으며, 주당 NAV는 $22.64입니다.
포트폴리오는 기술 부문에 대한 상당한 노출(32.4%)을 유지하고 있으며, 주요 보유 주식으로는 애플(8.0%), 마이크로소프트(7.1%) 및 NVIDIA(6.9%)가 포함됩니다. 다른 주요 부문으로는 금융(13.4%) 및 소비재(11.4%)가 있습니다.
Adams Diversified Equity Fund (NYSE: ADX) a rapporté une forte performance pour 2024, atteignant un rendement total de 23,6% sur la valeur nette d'actif, légèrement en dessous des 25,0% du S&P 500 mais surpassant les 22,7% de la catégorie Morningstar U.S. Large Blend. Le rendement du prix de marché du fonds a été remarquablement plus élevé à 28,1%.
Le fonds a distribué $2,50 par action en dividendes et gains en capital, représentant un taux de distribution de 10,9% sur le NAV, dépassant leur nouvel engagement de distribution de 8% sur le NAV. Les actifs nets ont augmenté à $2,66 milliards d'ici la fin de l'année, avec un NAV par action de $22,64.
Le portefeuille maintient une exposition significative au secteur technologique (32,4%), avec les principales participations comprenant Apple (8,0%), Microsoft (7,1%) et NVIDIA (6,9%). D'autres secteurs majeurs incluent les Finances (13,4%) et les Biens de consommation discrétionnaires (11,4%).
Adams Diversified Equity Fund (NYSE: ADX) meldete eine starke Leistung für 2024, mit einer 23,6%igen Gesamtverzinsung des Nettovermögenswertes, die leicht unter den 25,0% des S&P 500 liegt, aber die 22,7% der Morningstar U.S. Large Blend Kategorie übertrifft. Die Rendite des Marktpreises des Fonds war mit 28,1% bemerkenswert höher.
Der Fonds verteilte $2,50 pro Aktie an Dividenden und Kapitalgewinnen, was eine 10,9%ige Ausschüttungsquote auf den NAV darstellt und ihre neue Verpflichtung zur 8%igen Ausschüttung auf den NAV übertrifft. Die Nettounde wurden bis Ende des Jahres auf $2,66 Milliarden erhöht, mit einem NAV pro Aktie von $22,64.
Das Portfolio weist eine erhebliche Exponierung im Technologiesektor (32,4%) auf, wobei die größten Positionen Apple (8,0%), Microsoft (7,1%) und NVIDIA (6,9%) umfassen. Weitere wichtige Sektoren sind Finanzdienstleistungen (13,4%) und zyklische Konsumgüter (11,4%).
- Outperformed Morningstar U.S. Large Blend Category (23.6% vs 22.7%)
- Strong market price return of 28.1%
- High distribution rate of 10.9%, exceeding 8% commitment
- Net assets increased to $2.66 billion from $2.55 billion
- NAV per share increased to $22.64 from $20.56
- Underperformed S&P 500 benchmark (23.6% vs 25.0%)
- High concentration risk with 41.6% of assets in top 10 holdings
- Significant tech sector exposure (32.4%) could increase volatility
Insights
The 2024 performance report reveals several critical insights. ADX delivered a 23.6% NAV return and an impressive 28.1% market price return, demonstrating strong execution in a volatile election year. The
Portfolio composition shows heavy tech concentration with
The fund's long-term track record is solid, outperforming the Morningstar Large Blend category across all measured periods. The
The fund's strategic positioning in 2024 reflects broader market trends. The overweight in technology and communication services (
Notable is the relatively modest
The fund's ability to outperform peers while maintaining an elevated distribution rate positions it favorably for income-focused investors in 2025, particularly given the uncertain interest rate environment and election-year dynamics.
BALTIMORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for 2024. The total return on the Fund’s net asset value for 2024 was
The Fund paid
“In a year of increased volatility related to the presidential election, we were pleased to outperform our peers in 2024 and distribute
The 2024 Annual Report is expected to be released on or about February 19, 2025.
| ANNUALIZED ONE, THREE, FIVE, AND TEN-YEAR COMPARATIVE RETURNS (12/31/24) | ||||||||
| 1 Year | 3 Year | 5 Year | 10 Year | |||||
| Adams Diversified Equity Fund (NAV) | 23.6 | % | 9.2 | % | 15.0 | % | 13.7 | % |
| Adams Diversified Equity Fund (market price) | 28.1 | % | 10.5 | % | 15.3 | % | 14.1 | % |
| Morningstar U.S. Large Blend Category | 22.7 | % | 7.8 | % | 13.3 | % | 11.8 | % |
| S&P 500 | 25.0 | % | 8.9 | % | 14.5 | % | 13.1 | % |
| NET ASSET VALUE ANNOUNCED |
The Fund’s net asset value at the end of 2024, compared with the year earlier, was:
| 12/31/24 | 12/31/23 | |||
| Net assets | $ | 2,662,523,552 | $ | 2,550,393,350 |
| Shares outstanding | 117,585,976 | 124,051,639 | ||
| Net asset value per share | $ | 22.64 | $ | 20.56 |
| TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/24) | ||
| % of Net Assets | ||
| Apple Inc. | 8.0 | % |
| Microsoft Corporation. | 7.1 | % |
| NVIDIA Corporation | 6.9 | % |
| Amazon.com, Inc. | 4.8 | % |
| Alphabet Inc. Class A | 3.9 | % |
| Meta Platforms, Inc. Class A | 2.8 | % |
| Broadcom Inc. | 2.5 | % |
| Adams Natural Resources Fund, Inc.* | 1.9 | % |
| JP Morgan Chase & Co. | 1.9 | % |
| Tesla, Inc. | 1.8 | % |
| Total | 41.6 | % |
| * Non-controlled affiliated closed-end fund. | ||
| SECTOR WEIGHTINGS (12/31/24) | ||
| % of Net Assets | ||
| Information Technology | 32.4 | % |
| Financials | 13.4 | % |
| Consumer Discretionary | 11.4 | % |
| Health Care | 9.9 | % |
| Communication Services | 9.3 | % |
| Industrials | 7.8 | % |
| Consumer Staples | 5.7 | % |
| Energy | 3.5 | % |
| Utilities | 2.2 | % |
| Real Estate | 2.0 | % |
| Materials | 1.7 | % |
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 90 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 │800.638.2479
FAQ
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