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Adams Diversified Equity Fund Reports Nine Month Results

BALTIMORE, Oct. 15, 2020 /PRNewswire/ -- Adams Diversified Equity Fund, Inc. (NYSE: ADX) today announced the Fund's results for the nine months ended September 30th. The total return on Adams Diversified Equity's net asset value, with dividends and capital gains reinvested, was 6.4%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 5.6% and 4.0%, respectively.A  The total return on the market price of the Fund's shares for the period was 3.8%.
Adams Diversified Equity Fund Reports Nine Month Results
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 15.2%. Comparable figures for the S&P 500 and the Lipper Large-Cap Core Funds Average were 15.2% and 13.0%, respectively. The total return on the market price of the Fund's shares for the period was 11.8%. "We are pleased that our returns exceeded both the S&P 500 and our Lipper peer group for the first nine months of 2020," said Mark Stoeckle, CEO of Adams Funds. "Our Consumer Discretionary investments were the primary driver of our relative performance."

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