• Adams Natural Resources Fund Reports Nine Month Results

    来源: Nasdaq GlobeNewswire / 19 10月 2023 17:00:58   America/Chicago

    BALTIMORE, Oct. 19, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s results for the nine months ended September 30th. The total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 6.3%. This compares to a total return of 5.5% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (83% weight) and the S&P 500 Materials Sector (17% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 7.5%.

    For the twelve months ended September 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 29.3%. Comparable return for the Fund’s benchmark was 28.2%. The total return on the market price of the Fund’s shares for the period was 28.0%.

    The Third Quarter Report to Shareholders is expected to be available on or about October 25, 2023.

    ANNUALIZED COMPARATIVE RETURNS (9/30/2023)

     1 Year3 Year5 Year10 Year
    Adams Natural Resources Fund (NAV)29.3%41.0%9.6%5.1%
    Adams Natural Resources Fund (market price)28.0%41.4%10.0%5.2%
    S&P 500 Energy Sector30.2%51.4%9.0%5.1%
    S&P 500 Materials Sector18.1%9.5%8.6%8.7%
             

    NET ASSET VALUE ANNOUNCED

    The Fund’s net asset value at September 30, 2023, compared with the year earlier, was:

     9/30/20239/30/2022
    Net assets$678,249,981$552,664,703
    Shares outstanding 25,024,860 24,485,314
    Net asset value per share$27.10$22.57
         

    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2023)

     % of Net Assets
    Exxon Mobil Corporation23.3%
    Chevron Corporation13.5%
    ConocoPhillips7.4%
    Schlumberger N.V.4.1%
    Marathon Petroleum Corporation3.9%
    Linde plc3.7%
    Pioneer Natural Resources Company3.3%
    Phillips 663.2%
    Hess Corporation2.8%
    EOG Resources, Inc.2.5%
          Total67.7%
       

    INDUSTRY WEIGHTINGS (9/30/2023)

     % of Net Assets
    Energy 
    Integrated Oil & Gas37.6%
    Exploration & Production23.8%
    Refining & Marketing8.9%
    Equipment & Services7.6%
    Storage & Transportation5.1%
      
    Materials 
    Chemicals12.0%
    Metals & Mining2.1%
    Construction Materials1.2%
    Containers & Packaging0.9%
       

    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 85 years across many market cycles. The Funds are committed to paying an annual distribution rate of 6% or more, providing reliable income to long-term investors. 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 


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