ADX Adams Diversified Equity Fund Inc

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 23.6%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Index and Morningstar U.S. Large Blend Category were 25.0% and 22.7%, respectively. The total return on the Fund’s market price for the period was 28.1%.

The Fund paid $2.50 per share in income dividends and realized capital gain distributions to shareholders in 2024, producing an annual distribution rate of 10.9% on net asset value.

“In a year of increased volatility related to the presidential election, we were pleased to outperform our peers in 2024 and distribute 10.9% of NAV to shareholders, significantly more than our new commitment adopted mid-year to annually distribute 8% of NAV,” said Jim Haynie, CEO of Adams Funds.

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 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 please contact: adamsfunds.com/about/contact │800.638.2479