Pricing as of 08/11/22
$19.89
NAV
(NASDAQ: XADEX)
$16.97
Market Price
(NYSE: ADX)
-14.7%
Discount
At A Glance
Adams Diversified Equity Fund seeks to deliver superior returns over time by investing in a broadly-diversified equity portfolio. The Fund invests in a blend of high-quality, large-cap companies. The Fund seeks to generate returns that exceed its benchmark as well as consistently distribute dividend income and capital gains to shareholders.
AS OF 06/30/22
1929
Inception Date
80+
Years of Distributions
6%
Min Annual Distribution Rate1
15.7%
2021 Annual Distribution Rate1
97.9%
Domestic
$2.1B
Net Assets
$153.1B
Portfolio Weighted
Median Market Cap
92
Number of Holdings
ADX0.58%
Ind Avg1.13%2
Expense Ratio
1The annual distribution rate is the total dividends and capital gain distributions divided by the average month-end market price of the Fund’s Common Stock for the twelve months ended October 31.
2Simple average of all equity sector mutual funds (Source: Investment Company Institute, year ended 2021).
Performance Back to top
Investment Returns - 07/31/22
Total Return on Net Asset Value
| YTD | 1YR | 3YR* | 5YR* | 10YR* |
|---|---|---|---|---|
| -12.69% | -3.61% | 13.21% | 13.75% | 14.16% |
Total Return on Market Price
| YTD | 1YR | 3YR* | 5YR* | 10YR* |
|---|---|---|---|---|
| -13.77% | -4.14% | 11.77% | 13.65% | 13.99% |
*Annualized
Total returns are presented before taxes and reflect reinvestment of all distributions at reinvestment price. Investment returns, market price, and net asset value will fluctuate. Shares, if sold, may be worth more or less than their original cost. Presented performance reflects past performance and is no guarantee of future investment results.
ILLUSTRATION OF AN ASSUMED 10 YEAR INVESTMENT OF $10,000
The following shows the value of a hypothetical $10,000 investment in the Fund at market price over the past 10 calendar years with dividend and distributions reinvested. All Fund distributions are reinvested at the price received in the Fund’s dividend reinvestment plan. Amounts do not reflect taxes paid by shareholders on distributions or the sale of shares. Past performance does not predict future performance.
Portfolio Composition Back to top
Ten Largest Equity Portfolio Holdings - 06/30/22
| Market Value | Percent of Net Assets | |
|---|---|---|
| Microsoft Corporation | $158,746,623 | 7.5% |
| Apple Inc. | $134,491,464 | 6.3% |
| Alphabet Inc. Class A | $97,630,848 | 4.6% |
| Amazon.com, Inc. | $58,404,879 | 2.8% |
| UnitedHealth Group Incorporated | $51,003,459 | 2.4% |
| Adams Natural Resources Fund, Inc.* | $42,576,490 | 2.0% |
| Eli Lilly and Company | $41,566,286 | 2.0% |
| Mastercard Incorporated Class A | $37,699,860 | 1.8% |
| Thermo Fisher Scientific Inc. | $37,269,008 | 1.8% |
| Bank of America Corp. | $35,749,692 | 1.7% |
| Total | $695,138,609 | 32.9% |
*Adams Natural Resources Fund, Inc. is a non-controlled affiliated closed-end fund.
Sector Weightings - 06/30/22
DistributionsBack to top
Five Year Distribution History
| Year | Income Dividends per Share ($) | Short-Term Capital Gains per Share ($) | Long-Term Capital Gains per Share ($) | Total Distribution per Share ($) | Annual Distribution Rate* (%) |
|---|---|---|---|---|---|
| 2017 | 0.22 | 0.06 | 1.10 | 1.38 | 9.8 |
| 2018 | 0.21 | 0.00 | 1.79 | 2.00 | 12.9 |
| 2019 | 0.22 | 0.00 | 1.20 | 1.42 | 9.6 |
| 2020 | 0.19 | 0.00 | 0.84 | 1.03 | 6.8 |
| 2021 | 0.20 | 0.35 | 2.43 | 2.98 | 15.7 |
2022 Quarterly Distributions
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2022 | 0.05 | 0.05 | 0.05 |
Disclosure Reports
| Section 19(a) of the Investment Company Act | 03/01/2022 | |
| Date | Report | |
|---|---|---|
| 03/01/2022 |  | |
| 12/22/2021 | | |
| 02/26/2021 | | |
| 01/05/2021 | | |
| 3/1/2020 | | |
| 03/01/2019 | | |
| 12/26/2018 | | |
| 03/01/2018 | | |
| 12/31/2017 | | |
| 03/31/2017 | | |
| Past Reports | ||
| 12/29/2016 | | |
| 03/01/2016 | | |
| 12/28/2015 | | |
| 03/02/2015 | | |
| 12/29/2014 | | |
| 03/03/2014 | | |
| 12/27/2013 | | |
| 03/01/2013 | | |
Distribution Information
Year-End Distribution Press Release
*The annual distribution rate is the total dividends and capital gain distributions per share divided by the average month-end market price of the Fund’s Common Stock for the twelve months ended October 31.
ReportsBack to top
| Financial Reports | 06/30/2022 | |||
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| Tax Information | 12/31/2021 | |||
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| Form 8937 | 12/01/2018 | |||
| Quarterly Changes in Portfolio Securities | 06/30/2022 | |||
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| Proxy Statements | 02/16/2022 | |||
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Proxy Voting
Proxy Voting Record: Form N-PX for the period ended June 30, 2022
SEC Filings