Adams Natural Resources Fund - PEO STOCK NEWS

Adams Natural Resources Fund (NYSE: PEO) has announced the election of Gregory W. Buckley as President. Buckley, who has been serving as Executive Vice President and portfolio manager since April 2023, will continue his role on the portfolio management team led by CEO James P. Haynie.

Buckley's journey with PEO began in September 2013 as a senior equity analyst focusing on energy and utilities sectors. His career progression includes promotion to Vice President-Research in 2015 and serving as Vice President-Research of Adams Diversified Equity Fund since 2019.

Prior to joining Adams Funds, Buckley's extensive experience includes positions at BNP Paribas, managing an Energy fund at Citadel , and working as an Energy Analyst at Pioneer Investments. He holds a BS in Finance from Villanova University and an MBA from UNC's Kenan-Flagler Business School.

Adams Natural Resources Fund (NYSE: PEO) reported its Q1 2025 performance with a total return of 8.8% on net asset value (NAV), slightly outperforming its benchmark return of 8.7%. The Fund's market price return was 7.4% for the quarter.

The Fund's net assets decreased to $684.02 million as of March 31, 2025, compared to $712.71 million year-over-year, with NAV per share declining from $27.94 to $25.74. The portfolio maintains strong energy sector focus with Exxon Mobil (23.5%) and Chevron (12.9%) as top holdings.

Long-term performance shows 5-year annualized returns of 29.1% on NAV and 31.3% on market price. Industry weightings reveal significant exposure to Integrated Oil & Gas (36.4%) and Exploration & Production (21.4%), with Materials sector diversification through Chemicals (12.7%).

Adams Natural Resources Fund (NYSE: PEO) has announced a distribution of $0.53 per share, payable on February 26, 2025, to shareholders of record as of January 27, 2025. The distribution comprises $0.03 net investment income, $0.06 long-term capital gain from 2024, and $0.44 from 2025 sources.

Shareholders can receive the distribution in additional common stock (default option) or cash by election before 4 p.m. ET on February 14, 2025. The stock issue price will be determined by the Fund's closing NYSE market price on the valuation date.

The Fund's performance metrics show an average annual total return on NAV of 12.5% for the 5-year period ended December 31, 2024, with an annualized current distribution rate of 8.8%. The cumulative total return on NAV for the fiscal year through December 31, 2024, stands at 5.3%, with a cumulative fiscal year distribution rate of 2.2%.

Adams Natural Resources Fund (NYSE: PEO) reported its 2024 investment performance with a 5.3% total return on net asset value, outperforming its benchmark's 4.6% return. The Fund's market price achieved a 13.8% total return.

The Fund distributed $1.77 per share in income dividends and capital gains, representing a 6.7% annual distribution rate. Net assets reached $636,334,398 by year-end 2024, with a net asset value per share of $24.21.

The portfolio maintains significant exposure to energy sector leaders, with Exxon Mobil (24.2%) and Chevron (11.6%) as top holdings. Industry weightings show a strong focus on Integrated Oil & Gas (35.8%) and Exploration & Production (20.7%), followed by Materials sectors.

Adams Natural Resources Fund announced a year-end distribution of $1.03 per share, bringing total 2024 distributions to $1.77 per share, representing a 6.7% annual distribution rate. The December distribution comprises 14% from net investment income and 86% from net realized long-term gains. The Fund reported a 15.0% average annual total return on NAV for the 5-year period ended October 31, 2024, with a 9.8% cumulative total return for the fiscal year. This marks the Fund's 73rd consecutive year of paying capital gains and 90th year of dividend payments.

Adams Natural Resources Fund (NYSE: PEO) reported its nine-month results ending September 30, 2024. The fund's net asset value total return was 10.2%, outperforming its benchmark's 9.5% return. The fund's market price total return was 16.3% for the same period. For the 12 months ended September 30, the fund's NAV total return was 6.2%, surpassing the benchmark's 4.9%, while the market price total return reached 9.2%.

The fund's net asset value as of September 30, 2024, was $681,420,546 with 25,728,942 shares outstanding, resulting in a NAV per share of $26.48. The top holdings include Exxon Mobil (25.6%) and Chevron (11.2%). The fund's portfolio is heavily weighted towards the Energy sector, with Integrated Oil & Gas (37.4%) and Exploration & Production (18.3%) being the largest industry weightings.

Adams Natural Resources Fund (NYSE: PEO) has announced its third quarter distribution details. The Fund set the issue price at $22.75 per share for the $0.54 distribution payable on August 30, 2024. This is part of the Fund's new managed distribution policy, which commits to an 8% annual rate of average net asset value (NAV) distributed quarterly.

The distribution sources are: 59% from net investment income and 41% from net realized long-term gains. The Fund's 5-year average annual total return on NAV is 14.4%, with a current annualized distribution rate of 7.8%. Adams Natural Resources Fund has maintained a consistent record of paying dividends for over 90 years and capital gains for more than 73 consecutive years.

Adams Natural Resources Fund (NYSE: PEO) has declared a distribution of $0.54 per share, payable on August 30, 2024, to shareholders of record on August 5, 2024. This distribution is part of the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter.

For the first half of 2024, PEO reported a total return of 10.2% on its net asset value, outperforming its benchmark's 9.6% return. The Fund's market price total return was 15.5% for the same period. Over the 12 months ended June 30, 2024, PEO's net asset value total return was 16.5%, compared to the benchmark's 14.4%.

As of June 30, 2024, PEO's net assets were $689,986,546, with a net asset value per share of $27.11. The Fund's portfolio is heavily weighted towards the Energy sector (80.5%), with top holdings including Exxon Mobil, Chevron, and ConocoPhillips.

Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) announced several governance updates approved by their Boards of Directors. These include the election of a classified board structure and adoption of specific bylaws amendments. The classified board structure will have three director classes with three-year terms each, as per Maryland Corporations Code Section 3-803. These changes aim to enhance the stability of fund oversight and operations, serving the long-term interests of shareholders. The governance updates were made after a thorough review to safeguard the best interests of the funds and their shareholders.