In plain terms — Adams Diversified Equity Fund
Shares currently cost about 4.1% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 4.3% discount, so today's level is not high for this fund (Z-score +0.7). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 7.8% a year of the share price (7.4% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.04 of assets — a ReinvestCapture™ rate of 8.1%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 18.5% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -1.79% | 0.81% | -1.28 | 55 |
| 6 months | -2.73% | 1.30% | -0.07 | 107 |
| 1 year | -4.35% | 2.20% | +0.69 | 209 |
| 3 years | -9.10% | — | — | — |
| 5 years | -11.49% | — | — | — |
Current contemporaneous premium/discount -2.83% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -9.20% to -0.04%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | 0.00% | -1.76% | +9.99% | +14.05% | +15.36% | +4.82% |
| Market price total return | 0.00% | +0.18% | +16.68% | +23.42% | +28.84% | +16.92% |
| NAV return | +2.67% | +1.32% | +8.74% | +9.85% | +11.04% | +2.65% |
| NAV total return | +2.67% | +3.31% | +15.16% | +18.55% | +22.53% | +13.01% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
Adams Diversified Equity Fund, Inc. (ADX) operates as a publicly traded investment management firm, offering its services to other investment companies. It primarily focuses on the United States' public equity markets, investing in large-capitalization companies across various sectors. The firm employs a comprehensive, bottom-up stock selection process, which combines fundamental, technical, and quantitative analysis. Their investment decisions are heavily influenced by a deep dive into factors such as earnings growth potential, financial health, cash flow generation, broader macroeconomic trends, capital management strategies, market competition, and overall profitability. ADX enhances its proprietary in-house research with external insights to inform its investment choices. To measure its effectiveness, the firm benchmarks the performance of its portfolios against the S&P 500 Index. Founded in Baltimore, Maryland, in 1840, the company was historically known as The Adams Express Company.
CEF Explorer research page for Adams Diversified Equity Fund, Inc.. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.