Adams Diversified Equity Fund Reports Nine Month Results

Rhea-AI Summary

Adams Diversified Equity Fund (NYSE: ADX) reported a 14.9% total return on its net asset value for the nine months ended September 30, 2021. In comparison, the S&P 500 and Lipper Large-Cap Core Funds Average achieved returns of 15.9% and 14.9%, respectively. Over the twelve-month period, the fund delivered a 28.2% return, while the S&P 500 and Lipper indices had 30.0% and 28.6% returns. As of September 30, 2021, net assets amounted to $2.54 billion with a net asset value per share of $22.86. The Fund aims for an annual distribution rate of 6%.

Positive

• Total return of 14.9% on the net asset value for the nine months ending September 30, 2021.
• Total return of 28.2% over twelve months, demonstrating resilience.
• Net assets increased to $2.54 billion, up from $2.05 billion in 2020.
• Net asset value per share rose to $22.86, improving from $18.89 a year prior.

Negative

• Underperformed the S&P 500 and Lipper averages for both nine and twelve-month periods.

BALTIMORE, Oct. 21, 2021 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund's results for the nine months ended September 30^th. The total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 14.9%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 15.9% and 14.9%, respectively.  The total return on the market price of the Fund's shares for the period was 15.4%.

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 28.2%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 30.0% and 28.6%, respectively. The total return on the market price of the Fund's shares for the period was 29.4%.

NET ASSET VALUE
	9/30/2021	9/30/2020
Net assets	$2,538,318,809	$2,053,552,203
Shares outstanding	111,027,198	108,731,167
Net asset value per share	$22.86	$18.89

The Third Quarter Report to Shareholders is expected to be available on or about October 27, 2021.

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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 80 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.

Contact:
Investor Relations
800.638.2479 │ investorrelations@adamsfunds.com  

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SOURCE Adams Funds

FAQ

What was the total return for Adams Diversified Equity Fund (ADX) for the nine months ending September 30, 2021?

The total return for the nine months ended September 30, 2021, was 14.9%.

How did Adams Diversified Equity Fund (ADX) perform compared to the S&P 500?

The S&P 500 achieved a 15.9% return during the same nine-month period, outperforming ADX.

What were the net assets of Adams Diversified Equity Fund (ADX) as of September 30, 2021?

As of September 30, 2021, net assets were $2.54 billion.

What is the net asset value per share for Adams Diversified Equity Fund (ADX)?

The net asset value per share for Adams Diversified Equity Fund as of September 30, 2021, was $22.86.

What was the total return of the market price of Adams Diversified Equity Fund (ADX) shares for the nine months ending September 30, 2021?

The total return on the market price of the Fund's shares for the period was 15.4%.