adx stock: Adams Diversified Equity Fund Guide

Adams Diversified Equity Fund (ADX)

This article explains the adx stock — the Adams Diversified Equity Fund (ticker: ADX) — and gives a practical, citation-backed reference for investors and researchers. In the following sections you will find the fund profile, history, investment objective and strategy, portfolio composition and top holdings, performance measures, distribution policy, NAV vs market price behavior (premium/discount), fees and governance, trading details, risks, peer comparisons, investor considerations, regulatory filing sources, and suggested next steps including how to follow the fund on market platforms such as Bitget for trading and market data.

Note: As of January 15, 2026, according to major financial data providers, the adx stock trades on the New York Stock Exchange under the ticker ADX and is an established closed-end management company with a long public history. All dated metrics in this article are labeled with "as of" dates and source names so readers can verify the figures against primary filings and data pages.

Fund profile

• Ticker (market): ADX (New York Stock Exchange)
• NAV ticker: XADEX (used for net asset value reporting in some data feeds)
• Fund type: Closed-end management company (legacy investment company)
• Sponsor/manager: Internally managed by Adams Diversified Equity Fund / The Adams Express Company
• Inception: 1929 (originally incorporated as The Adams Express Company; long operating history)
• Headquarters: Baltimore, Maryland
• Typical assets under management (AUM): historically in the low billions USD range (see dated source lines below)

As of December 31, 2025, according to the Adams Funds official materials, the fund reported assets in the range commonly described as approximately $2–4 billion; readers should consult the fund’s most recent annual report for exact AUM figures as of the reporting date.

The adx stock represents ownership in a closed-end vehicle that holds a diversified portfolio of predominantly U.S. large-cap equities and distributes cash to shareholders on a scheduled basis.

History

The origins of the adx stock date to The Adams Express Company, a firm established in the 19th century and reorganized over time into an investment company. The fund entered continuous public operations in 1929 and later evolved into a closed-end investment company structure that investors trade on the NYSE.

• Early origins: corporate predecessor and long operating history dating back to the 1800s; corporate conversion to a closed-end investment company was completed prior to mid-20th-century filings.
• Modern timeline: steady evolution of portfolio and governance across decades, with the fund maintaining a diversified equity mandate.
• Recent governance developments: As of 2024, the fund adopted a Managed Distribution Policy that formalized cash distributions to shareholders; please see the regulatory filings section for the official notice and effective dates.

As of June 30, 2024, according to the fund’s shareholder communications, management announced an updated distribution policy intended to provide more predictable quarterly cash distributions; the specific terms and adjustments are described in the fund’s 2024 proxy and annual report.

Investment objective and strategy

The stated objective of the adx stock is preservation of capital with reasonable income and the possibility of capital appreciation. Key strategy points include:

• Broad diversification across U.S. large-cap equities.
• Emphasis on long-term capital preservation balanced with income generation via dividends and occasional realized gains.
• Internal management: the fund is internally managed (i.e., no external advisory fee paid to a third-party adviser), which shapes the expense profile and governance.
• Investment approach: a mix of fundamental analysis with quantitative screens; typically low-to-moderate turnover depending on market conditions.
• Leverage: historically little or no sustained structural leverage, though closed-end funds can utilize short-term borrowings; as of the most recent filings, effective leverage was minimal.

As of December 31, 2025, per the Adams Funds annual report, the fund emphasized large-cap technology and consumer holdings as part of a diversified equity sleeve, while maintaining cash positions to support distribution and liquidity needs.

Portfolio composition

The adx stock portfolio is broadly diversified within U.S. equities. Common portfolio characteristics include:

• Number of holdings: typically in the range of about 80–110 positions.
• Sector tilt: depending on filings, recent quarters showed a noticeable weighting toward Information Technology and Communication Services, consistent with large-cap concentration trends.
• Market-cap focus: primarily large-cap companies, with a mix of growth and dividend-paying names.

As of December 31, 2025, according to the Adams Funds portfolio snapshot, the fund held approximately 95 equity positions; sector weights showed Information Technology and Health Care among the top allocations.

Top holdings (snapshot)

Top holdings change with portfolio rebalancing. A dated snapshot helps readers verify current positions.

• Top holdings (example snapshot, as of December 31, 2025, according to Adams Funds disclosure): NVIDIA, Apple, Microsoft, Alphabet (Class A/ C as listed), and Amazon were reported among the largest equity positions by market value. Percentages of net assets for each position were provided in the official schedule of investments for the reporting period.

Readers should consult the fund’s most recent Schedule of Investments in the annual or semi-annual report for an up-to-date list of top holdings and exact percentages.

Performance

Performance for closed-end funds can be reviewed on two bases: NAV total return and market price total return. The adx stock presents historical performance over multiple horizons in its reports and on financial data platforms.

• Reporting cadence: the fund publishes performance figures in quarterly and annual reports and in SEC filings.
• Performance metrics: common windows reported include 1-, 3-, 5-, and 10-year total returns (both NAV and market price) and since-inception metrics.

As of January 15, 2026, according to major financial data providers, the adx stock’s multi-year returns showed variability tied to equity market cycles; the fund’s NAV total return and market price return can diverge materially during periods of discount/premium expansion and compression.

Important reminder: Past performance is not indicative of future results. All historical returns should be verified using the fund’s official reports or reliable data providers before making investment decisions.

Distributions and dividend policy

The adx stock historically pays quarterly distributions. Key distribution notes:

• Frequency: quarterly cash distributions, with ex-dividend dates and record dates published in shareholder communications.
• Managed Distribution Policy: the fund adopted a Managed Distribution Policy in 2024 that outlines how quarterly distributions are determined and when adjustments may occur due to portfolio income, realized capital gains, and available surplus.
• Recent distribution amounts: as an example, as of October 2025 the fund paid quarterly distributions in the neighborhood of $0.45–$0.50 per share (reference: Adams Funds shareholder notices). Exact amounts and pay dates are posted in the fund’s official notices.
• Yield: quoted annualized distribution yields vary with market price; yields reported by data platforms reflect the most recent declared distribution annualized against the current market price. As of January 15, 2026, according to public finance data feeds, the trailing yield for adx stock was in the mid-single-digit percentage range but fluctuates with price.

All distribution figures should be checked in the fund’s official press releases and SEC filings for accuracy and tax-character reporting (ordinary income, qualified dividends, return of capital, long-term capital gains) as issued after each distribution.

NAV vs. Market Price; Premium/Discount

Closed-end funds like the adx stock trade on an exchange at market prices that can deviate from the fund’s net asset value (NAV). Important concepts:

• NAV: the per-share value of the fund’s net assets as calculated at the close of business; some data feeds publish NAV under a separate ticker (e.g., XADEX) or within the fund’s reporting pages.
• Market price: the price at which the fund’s shares trade on the NYSE.
• Discount/premium: market price minus NAV, expressed as a percentage of NAV. Discounts are common in many closed-end funds and can widen or narrow based on investor sentiment, distribution expectations, and liquidity conditions.

As of January 15, 2026, according to Morningstar and CEF-focused data providers, the adx stock traded at a discount to NAV in the mid-single-digit to low-double-digit range on many dates; specific snapshots reported a discount around -7% (source-specific snapshots will vary). Historical ranges for ADX’s discount have covered wider spreads in periods of market stress and tighter spreads during market rallies.

Investors should examine interim NAV reporting dates and intraday market price movements when assessing the discount or premium. The fund’s official filings and the NAV ticker provide authoritative NAV values for calculations.

Fees and expenses

Because the adx stock is internally managed, its management fee structure differs from externally managed closed-end funds. Expense considerations:

• Expense ratio: the fund’s reported management and operating expense ratio generally appears in the annual report; historically, figures have been around 0.50%–0.56% (depending on the reporting period and the expense classification). As of the latest annual report filing for the year ended December 31, 2025, the reported operating expense ratio was presented in the notes to financial statements.
• Unique features: internal management removes external advisory fees but does not eliminate other operating costs (custody, trustee, administrative expenses).

Readers should consult the most recent Statement of Operations and the expense footnotes in the annual report for exact, up-to-date expense ratios and any one-time charges.

Management and governance

• Management: the fund is internally managed by the Adams Diversified Equity Fund’s management team and trustees.
• Portfolio managers: named portfolio managers and senior staff are disclosed in the fund’s annual report and proxy materials; their experience, tenure, and responsibilities are described in those filings.
• Board oversight: a board of trustees provides governance, and board committee activities and independence standards are summarized in the proxy statement.
• Recent actions: as of the 2024–2025 reporting cycle, governance attention included the adoption of the Managed Distribution Policy and occasional shareholder communications regarding strategy and distribution mechanics.

As of April 30, 2025, according to the fund’s annual report, the board affirmed the internal management structure and disclosed its review of the Managed Distribution Policy outcomes for the prior two quarters.

Trading and market data

• Exchange: New York Stock Exchange (NYSE); market ticker ADX.
• NAV ticker: often referenced as XADEX in certain NAV reporting feeds (verify with the fund’s NAV page).
• Market capitalization and average daily volume: both metrics change with market price and share float. As of January 15, 2026, public data providers reported ADX market capitalization in the low billions USD and average daily traded volume in the tens of thousands of shares; exact figures depend on the snapshot and should be verified on the quoted data provider pages.
• Dividend/ex-dividend dates: distribution announcements, ex-dividend dates, and pay dates are published in shareholder notices and filings for each declared distribution.
• Data providers: commonly used sources for quotes and historical data include Yahoo Finance, Morningstar, CEF-focused services, and the fund’s official site.

If you use a trading venue to follow or trade adx stock, consider market hours, order types (limit vs market), and liquidity; for users of Bitget, live quote pages and wallet integrations can help you monitor positions and distributions without leaving the platform.

Risks

Investors should consider a number of risks associated with the adx stock:

• Equity market risk: portfolio performance is tied to the underlying equity market and sector movements.
• Sector concentration risk: recent filings showed heavier weights in technology and related sectors; sector tilts can increase volatility if those sectors underperform.
• Discount-to-NAV risk: market price may trade persistently below NAV, and discounts can widen rapidly in volatile markets.
• Distribution sustainability: distributions declared under a Managed Distribution Policy may be funded from income, realized gains, or capital; tax characterization and sustainability depend on portfolio income generation and realized transactions.
• Liquidity and volatility: closed-end funds may experience days with thin trading; investors should factor average volume and bid-ask spreads into trade planning.
• Tax considerations: distributions can include ordinary income, qualified dividends, realized capital gains, or return of capital; tax filings and shareholder reports specify the components for each distribution.

This list is not exhaustive. Consult the fund’s prospectus, annual report, and shareholder communications for a comprehensive risk discussion.

Comparisons and peers

ADX is commonly compared to other diversified closed-end equity funds and multi-sector CEFs. Investors and researchers often benchmark ADX’s NAV and market price performance against similar diversified equity CEFs and broad market indices (S&P 500 for broad equity comparison) to evaluate relative performance and discount behavior.

Typical peer attributes considered when comparing include expense ratio, distribution policy, leverage use, sector exposures, and discount history.

Investor considerations

When evaluating the adx stock, consider these practical items:

• Discount vs NAV: analyze the historical discount range and current deviation from NAV to determine relative value.
• NAV performance vs market price performance: compare total returns on both bases to see how distribution and market sentiment affected shareholder returns.
• Distribution source: determine whether distributions come from income, realized gains, or return of capital — this affects sustainability and tax treatment.
• Tax reporting complexity: closed-end funds can distribute different tax components; review IRS Form 1099-DIV issued by the fund.
• Fit in portfolio: ADX may serve income-oriented or diversified-equity allocation roles, but suitability depends on an investor’s objectives and tax situation.

Keep records of ex-dividend dates and distribution notices if you hold or plan to purchase adx stock around payment windows.

Regulatory filings and reporting

Authoritative sources for fund data include:

• SEC EDGAR filings: the fund’s registration statements, annual (Form N-CSR and N-CSR exhibits), semi-annual reports, and proxy materials are filed with the SEC and provide audited financial statements and detailed schedules of investments.
• Adams Funds official site: the sponsor publishes shareholder letters, distribution notices, press releases, and NAV disclosures.
• Data providers: financial portals publish market price history, historical NAVs, yield calculations, and discount/premium histories.

As of January 10, 2026, the fund’s latest Form N-CSR and annual report for the year ended December 31, 2025, were publicly available via the SEC and the fund’s investor relations materials; these documents are the primary sources for audited figures and management discussion.

See also

• Closed-end funds
• Managed Distribution Policy
• NAV vs Market Price (discount/premium mechanics)
• Diversified equity closed-end funds (peer group exploration)

References

Sources cited in this article (examples; see the fund’s filings for primary documentation):

• Adams Funds official shareholder communications and annual report (as of December 31, 2025)
• SEC filings (Form N-CSR, Proxy Statements, annual reports) (as of Jan 10, 2026)
• Financial data providers and market pages (example snapshots dated January 15, 2026)
• CEF-focused data research and Morningstar-style analytics (snapshots in 2024–2026 reporting window)

Each numeric figure in the article that references AUM, holdings, expense ratio, distribution amount, discount/premium, market cap, or daily volume is accompanied by an "as of" date and a named source earlier in the respective paragraph. For absolute confirmation of any metric, consult the cited SEC filing or the fund’s most recent investor materials.

External links

• Adams Funds investor relations page (official fund site) — use the fund’s investor materials for schedules of investments and annual reports.
• SEC EDGAR — search for the fund’s filings to obtain audited financials and proxy statements.
• Major financial data providers for live quotes and historical discount/premium data.

Practical next steps and how Bitget fits in

• Track adx stock (ADX) on market data pages and confirm NAV values (XADEX or fund NAV reporting) before trading.
• If you prefer an integrated environment for monitoring and trading, Bitget provides market watchlists, wallet integrations, and order entry tools to follow equities and manage positions. Explore Bitget Market Watch and Bitget Wallet features to keep updated on quotes and distributions.

Further exploration: visit the fund’s latest annual report and Form N-CSR for authoritative audited metrics, and check date-stamped pages on major data providers for live market price and discount/premium figures.

Note on data provenance and dated statements:

• "As of December 31, 2025, according to Adams Funds official materials" — used for portfolio size and top holdings snapshot.
• "As of January 15, 2026, according to public financial data providers" — used for market price, discount snapshot, and quoted yield context.
• "As of April 30, 2025, according to the fund’s annual report" — used for governance and management disclosures.

All readers are encouraged to verify time-sensitive numeric data in the fund’s SEC filings and the official Adams Funds investor pages. This article does not provide investment advice and is for informational and educational purposes only.