Adams Natural Resources Fund Reports Nine Month Results
Adams Natural Resources Fund reports 6.3% total return on net asset value for the nine months ended September 30th
Positive
The total return on Adams Natural Resources' net asset value for the nine months ended September 30th was 6.3%
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 was 29.3%
The total return on the market price of the Fund's shares for the period was 28.0%
The Fund's net asset value at September 30, 2023, compared with the year earlier, increased from $552,664,703 to $678,249,981
10/19/2023 - 06:00 PM
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 Year 3 Year 5 Year 10 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 Sector 30.2 % 51.4 % 9.0 % 5.1 % S&P 500 Materials Sector 18.1 % 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:
9/30/2023 9/30/2022 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 Corporation 23.3 % Chevron Corporation 13.5 % ConocoPhillips 7.4 % Schlumberger N.V. 4.1 % Marathon Petroleum Corporation 3.9 % Linde plc 3.7 % Pioneer Natural Resources Company 3.3 % Phillips 66 3.2 % Hess Corporation 2.8 % EOG Resources, Inc. 2.5 % Total 67.7 %
INDUSTRY WEIGHTINGS (9/30/2023)
% of Net Assets Energy Integrated Oil & Gas 37.6 % Exploration & Production 23.8 % Refining & Marketing 8.9 % Equipment & Services 7.6 % Storage & Transportation 5.1 % Materials Chemicals 12.0 % Metals & Mining 2.1 % Construction Materials 1.2 % Containers & Packaging 0.9 %
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
What was the total return on Adams Natural Resources' net asset value for the nine months ended September 30th?
The total return on Adams Natural Resources' net asset value for the nine months ended September 30th was 6.3%.
What was the total return on the market price of the Fund's shares for the same period?
The total return on the market price of the Fund's shares for the period was 7.5%.
What was the total return on Adams Natural Resources' net asset value for the twelve months ended September 30th?
For the twelve months ended September 30th, the total return on Adams Natural Resources' net asset value was 29.3%.
What was the total return on the market price of the Fund's shares for the same period?
The total return on the market price of the Fund's shares for the period was 28.0%.
What was the change in the Fund's net asset value from September 30, 2022 to September 30, 2023?
The Fund's net asset value increased from $552,664,703 to $678,249,981.
Adams Natural Resources Fund Inc
PEO Rankings
#2625 Ranked by Stock Gains
PEO Stock Data
Industry
Securities and Commodity Exchanges
Sector
Finance and Insurance
Tags
Miscellaneous, Investment Trusts/Mutual Funds
Country
US
City
Baltimore
About PEO
adams funds is composed of two of the country’s oldest closed-end equity funds - adams diversified equity fund, inc. (nyse:adx) and adams natural resources fund, inc. (nyse:peo). as closed-end funds, shares of each fund’s common stock are listed and trade on the new york stock exchange. for over 85 years, both funds have been internally managed and have generated capital growth and income through portfolio performance, dividends, and distributions. the funds are managed by an experienced team employing a disciplined approach to identify investment opportunities and carefully manage risk. our funds have paid dividends for over 80 years and are committed to an annual distribution rate of at least 6%.