BALTIMORE, Oct. 20, 2022 (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 19.1%. This compares to a total return of 19.7% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (74% weight) and the S&P 500 Materials Sector (26% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 19.5%.
For the twelve months ended September 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 31.4%. Comparable return for the Fund’s benchmark was 31.4%. The total return on the market price of the Fund’s shares for the period was 30.4%.
The Third Quarter Report to Shareholders is expected to be available on or about October 26, 2022.
ANNUALIZED COMPARATIVE RETURNS (09/30/2022)
|
1 Year |
3 Year |
5 Year |
10 Year |
| Adams Natural Resources Fund (NAV) |
31.4 |
% |
12.9 |
% |
6.2 |
% |
3.8 |
% |
| Adams Natural Resources Fund (market price) |
30.4 |
% |
13.8 |
% |
6.3 |
% |
3.6 |
% |
| S&P 500 Energy Sector |
45.7 |
% |
13.4 |
% |
6.1 |
% |
3.5 |
% |
| S&P 500 Materials Sector |
-12.2 |
% |
7.6 |
% |
5.9 |
% |
8.6 |
% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at September 30, 2022, compared with the year earlier, was:
|
09/30/2022 |
09/30/2021 |
| Net assets |
$ |
552,664,703 |
$ |
434,783,848 |
| Shares outstanding |
|
24,485,314 |
|
24,084,964 |
| Net asset value per share |
$ |
22.57 |
$ |
18.05 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (09/30/2022)
|
% of Net Assets |
| Exxon Mobil Corporation |
20.9 |
% |
| Chevron Corporation |
14.5 |
% |
| ConocoPhillips |
9.1 |
% |
| Marathon Petroleum Corporation |
4.2 |
% |
| Pioneer Natural Resources Corporation |
3.8 |
% |
| Occidental Petroleum Corporation |
3.6 |
% |
| Linde plc |
3.2 |
% |
| Valero Energy Corporation |
3.0 |
% |
| EOG Resources, Inc. |
2.9 |
% |
| Schlumberger N.V. |
2.8 |
% |
| Total |
68.0 |
% |
SECTOR WEIGHTINGS (09/30/2022)
|
% of Net Assets |
| Energy |
|
| Integrated Oil & Gas |
36.2 |
% |
| Exploration & Production |
29.2 |
% |
| Refining & Marketing |
8.8 |
% |
| Equipment & Services |
5.2 |
% |
| Storage & Transportation |
3.6 |
% |
|
|
| Materials |
|
| Chemicals |
10.7 |
% |
| Metals & Mining |
2.5 |
% |
| Construction Materials |
1.9 |
% |
| Containers & Packaging |
1.1 |
% |
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 80 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 contact us: 800-638-2479 │ adamsfunds.com/about/contact
