• Adams Natural Resources Fund Reports Nine Month Results

    ソース: Nasdaq GlobeNewswire / 17 10 2024 15:05:12   America/Chicago

    BALTIMORE, Oct. 17, 2024 (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 10.2%. This compares to a total return of 9.5% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (80% weight) and the S&P 500 Materials Sector (20% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 16.3%.

    For the twelve months ended September 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 6.2%. Comparable return for the Fund’s benchmark was 4.9%. The total return on the market price of the Fund’s shares for the period was 9.2%.

    The Third Quarter Report to Shareholders is expected to be available on or about October 23, 2024.

     
    ANNUALIZED COMPARATIVE RETURNS (9/30/2024)
     
     1 Year3 Year5 Year10 Year
    Adams Natural Resources Fund (NAV)6.2%21.8%14.6%4.4%
    Adams Natural Resources Fund (market price)9.2%22.1%15.5%4.8%
    S&P 500 Energy Sector0.9%24.1%13.9%4.0%
    S&P 500 Materials Sector25.2%9.1%13.0%9.1%
         


    NET ASSET VALUE ANNOUNCED
     
    The Fund’s net asset value at September 30, 2024, compared with the year earlier, was:
     
     9/30/20249/30/2023
    Net assets$681,420,546$678,249,981
    Shares outstanding25,728,94225,024,860
    Net asset value per share$26.48$27.10
       


    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (9/30/2024)
     
     % of Net Assets
    Exxon Mobil Corporation25.6%
    Chevron Corporation11.2%
    ConocoPhillips5.4%
    Linde plc4.7%
    EOG Resources, Inc.3.9%
    Marathon Petroleum Corporation3.3%
    Williams Companies, Inc.3.0%
    Hess Corporation2.8%
    ONEOK, Inc.2.5%
    Valero Energy Corporation2.4%
    Total64.8%
      


    INDUSTRY WEIGHTINGS (9/30/2024)
     
     % of Net Assets
    Energy 
    Integrated Oil & Gas37.4%
    Exploration & Production18.3%
    Storage & Transportation8.2%
    Refining & Marketing7.6%
    Equipment & Services5.9%
    Energy Related1.0%
    Materials 
    Chemicals14.2%
    Metals & Mining4.0%
    Construction Materials1.3%
    Containers & Packaging1.2%
      

    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 a minimum annual distribution rate of 8% of NAV paid evenly each quarter throughout the year, providing reliability for long-term shareholders. A portion of any distribution may be treated as paid from sources other than net income, including but not limited to short-term capital gain, long-term capital gain, and return of capital. The final determination of the source of all distributions for tax reporting purposes in a calendar year, including the percentage of qualified dividend income, will be made after year-end. 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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