BALTIMORE, MARYLAND, April 17, 2025 — Adams Diversified Equity Fund, Inc. (NYSE: ADX) announces the Fund’s investment returns for the first quarter of 2025. The total return on the Fund’s net asset value for the first quarter of 2025 was -3.9%, with dividends and capital gains reinvested. This compared to -4.3% total return for both the S&P 500 Index and the Morningstar U.S. Large Blend category. The total return on the Fund’s market price for the period was -3.9%.
The First Quarter Report to Shareholders is expected to be released on or about April 23, 2025.
ANNUALIZED COMPARATIVE RETURNS (3/31/2025)
| 1 Year | 3 Year | 5 Year | 10 Year | |
| Adams Diversified Equity Fund (NAV) | 6.8% | 9.4% | 18.7% | 13.0% |
| Adams Diversified Equity Fund (market price) | 11.4% | 10.8% | 19.6% | 13.4% |
| Morningstar U.S. Large Blend Category | 6.4% | 8.1% | 17.6% | 11.2% |
| S&P 500 | 8.3% | 9.1% | 18.6% | 12.5% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at March 31, 2025, compared with the year earlier, was:
| 3/31/2025 | 3/31/2024 | |
| Net assets | $2,529,977,563 | $2,829,484,494 |
| Shares outstanding | 118,862,758 | 124,051,688 |
| Net asset value per share | $21.28 | $22.81 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/25)
| % of Net Assets | |
| Apple Inc. | 7.4% |
| Microsoft Corporation | 6.5% |
| NVIDIA Corporation | 5.7% |
| Amazon.com, Inc. | 4.3% |
| Alphabet Inc. Class A | 3.3% |
| Meta Platforms, Inc. Class A | 2.9% |
| JP Morgan Chase & Co. | 2.3% |
| Adams Natural Resources Fund, Inc.* | 2.2% |
| Visa Inc. Class A | 1.9% |
| Broadcom Inc. | 1.8% |
| Total | 38.3% |
SECTOR WEIGHTINGS (3/31/2025)
| % of Net Assets | |
| Information Technology | 29.5% |
| Financials | 14.3% |
| Health Care | 11.3% |
| Consumer Discretionary | 10.7% |
| Communication Services | 9.1% |
| Industrials | 7.7% |
| Consumer Staples | 6.4% |
| Energy | 3.9% |
| Utilities | 2.4% |
| Real Estate | 2.2% |
| Materials | 1.8% |
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 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. 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: adamsfunds.com/about/contact │800.638.2479