Pricing as of 01/13/25
$25.25
NAV
(NASDAQ: XPEOX)
$23.09
Market Price
(NYSE: PEO)
-8.6%
Discount
At A Glance
Adams Natural Resources Funds seeks to deliver superior returns over time by capitalizing on the long-term demand for energy and materials. The Fund invests in energy and natural resources stocks and seeks to generate returns that exceed its benchmark as well as consistently distribute dividend income and capital gains to shareholders.
AS OF 09/30/24
1929
Inception Date
85+
Years of Distributions
2%
Quarterly Distribution Rate1
6.2%
2023 Annual Distribution Rate2
87.7%
Domestic
$681.4M
Net Assets
$72.6B
Portfolio Weighted
Median Market Cap
57
Number of Holdings
PEO0.63%
Ind Avg1.27%3
Expense Ratio
1 The quarterly distribution rate is the total distributions per share for the quarter divided by the average net asset value per share for the prior four quarter-ends.
2 The annual distribution rate is the total income dividends and non-income distributions divided by the average month-end market price of the Fund’s Common Stock for the twelve months ended October 31.
3 Ratio as of December 31, 2023 and includes mutual funds that invest primarily in other mutual funds. Ninety-seven percent of target date mutual funds invest primarily in other mutual funds. Note: Each fundʼs share class is weighted equally. (Sources: Investment Company Institute and Morningstar)
Performance Back to top
Investment Returns - 12/31/24
Total Return on Net Asset Value
| YTD | 1YR | 3YR* | 5YR* | 10YR* |
|---|---|---|---|---|
| 5.3% | 5.3% | 16.1% | 12.5% | 5.5% |
Total Return on Market Price
| YTD | 1YR | 3YR* | 5YR* | 10YR* |
|---|---|---|---|---|
| 13.8% | 13.8% | 17.8% | 13.0% | 5.8% |
*Annualized
Total returns are presented before taxes and reflect reinvestment of all distributions at reinvestment price. Investment returns, market price, and net asset value will fluctuate. Shares, if sold, may be worth more or less than their original cost. Presented performance reflects past performance and is no guarantee of future investment results.
ILLUSTRATION OF AN ASSUMED 10 YEAR INVESTMENT OF $10,000
The following shows the value of a hypothetical $10,000 investment in the Fund at market price over the past 10 calendar years with dividend and distributions reinvested. All Fund distributions are reinvested at the price received in the Fund’s dividend reinvestment plan. Amounts do not reflect taxes paid by shareholders on distributions or the sale of shares. Past performance does not predict future performance.
Portfolio Composition Back to top
Ten Largest Equity Portfolio Holdings - 09/30/24
| Market Value | Percent of Net Assets | |
|---|---|---|
| Exxon Mobil Corporation | $174,652,525 | 25.6% |
| Chevron Corporation | $76,296,316 | 11.2% |
| ConocoPhillips | $36,803,361 | 5.4% |
| Linde plc | $32,235,736 | 4.7% |
| EOG Resources, Inc. | $26,757,804 | 3.9% |
| Marathon Petroleum Corporation | $22,695,318 | 3.3% |
| Williams Companies, Inc. | $20,330,227 | 3% |
| Hess Corporation | $19,037,666 | 2.8% |
| ONEOK, Inc. | $17,114,214 | 2.5% |
| Valero Energy Corporation | $16,352,133 | 2.4% |
| Total | $442,275,300 | 64.8% |
Industry Weightings - 09/30/24
DistributionsBack to top
Five Year Distribution History
| Year | Income Dividends per Share ($) | Short-Term Capital Gains per Share ($) | Long-Term Capital Gains per Share ($) | Return of Capital per share ($) | Total Distribution per Share ($) | Annual Distribution Rate* (%) |
|---|---|---|---|---|---|---|
| 2020 | 0.47 | 0.00 | 0.26 | 0.00 | 0.73 | 0.0 |
| 2021 | 0.56 | 0.29 | 0.06 | 0.00 | 0.91 | 0.0 |
| 2022 | 0.79 | 0.18 | 0.66 | 0.00 | 1.63 | 0.0 |
| 2023 | 0.65 | 0.03 | 0.67 | 0.00 | 1.35 | 0.0 |
| 2024 | 0.65 | 0.00 | 1.12 | 0.00 | 1.77 | 0.0 |
2024 Quarterly Distributions
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2024 | 0.10 | 0.10 | 0.54 | 1.03 |
Disclosure Reports
| Section 19(a) of the Investment Company Act | 12/19/2024 | |
| Date | Report | |
|---|---|---|
| 12/19/2024 |  | |
| 08/30/2024 | | |
| 03/01/2024 | | |
| 12/15/2023 | | |
| 03/01/2023 | | |
| 12/16/2022 | | |
| 03/01/2022 | | |
| 12/22/2021 | | |
| 02/26/2021 | | |
| 01/05/2021 | | |
| Past Reports | ||
| 3/1/2020 | | |
| 12/21/2018 | | |
| 03/01/2018 | | |
| 12/31/2017 | | |
| 03/31/2017 | | |
| 12/23/2016 | | |
| 03/01/2016 | | |
| 12/22/2015 | | |
| 03/02/2015 | | |
| 12/23/2014 | | |
| 03/03/2014 | | |
| 12/27/2013 | | |
| 03/01/2013 | | |
Distribution Information
Year-End Distribution Press Release
* For 2024, the annual distribution rate is calculated as the total dividends and distributions per share for the year divided by the average of the Fund’s net asset value per share for the four quarter-end periods ending September 30, in accordance with the Managed Distribution Policy adopted in May 2024. Prior to that, the calculation was based on the Fund’s average month-end stock price for the twelve months ended October 31, in accordance with the annual 6% minimum distribution rate commitment then in effect.
ReportsBack to top
| Financial Reports | 09/30/2024 | |||
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| Tax Information | 12/31/2024 | |||
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| Form 8937 | 12/31/2018 | |||
| Quarterly Changes in Portfolio Securities | 09/30/2024 | |||
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| Proxy Statements | 02/12/2024 | |||
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Proxy Voting
Proxy Voting Record: Form N-PX for the period ended June 30, 2024
SEC Filings