BALTIMORE, MARYLAND – January 12, 2017 – Adams Natural Resources Fund, Inc. (NYSE:PEO) announces the Fund’s investment returns for 2016. The total return on the Fund’s net asset value for the twelve months ended December 31, 2016 was 22.5%, with dividends and capital gains reinvested. The comparable figures for the Lipper Global Natural Resources Funds Average, the Dow Jones U.S. Oil & Gas Index, and the Dow Jones U.S. Basic Materials Index were 24.0%, 26.3%, and 20.3%, respectively. The total return on the Fund’s market price for the same period was 20.2%.
The Fund paid $1.14 per share in income dividends and realized capital gain distributions to shareholders in 2016, producing an annual distribution rate of 6.1%, exceeding the Fund’s annual 6% minimum distribution rate commitment. Details regarding the annual 6% minimum distribution rate commitment can be found at www.adamsfunds.com.
The 2016 Annual Report is expected to be released on or about February 24, 2017.
Annualized One, Three and Five-Year Comparative Returns (12/31/16)
| 1 Year | 3 Year | 5 Year | |
|---|---|---|---|
| Adams Natural Resources Fund (NAV) | 22.5% | -3.1% | 3.3% |
| Adams Natural Resources Fund (market price) | 20.2% | -3.4% | 2.9% |
| Lipper Global Natural Resources Funds Average | 24.0% | -7.2% | -1.2% |
| DJ U.S. Oil & Gas Index | 26.3% | -3.7% | 3.4% |
| DJ U.S. Basic Materials Index | 20.3% | 2.9% | 7.7% |
Net Asset Value Announced
The Fund’s net asset value at the end of 2016, compared with the year earlier, was:
| 12/31/16 | 12/31/15 | |
|---|---|---|
| Net assets | $685,882,029 | $582,676,811 |
| Shares outstanding | 28,555,305 | 28,096,651 |
| Net asset value per share | $24.02 | $20.74 |
Ten Largest Equity Portfolio Holdings (12/31/16)
| % of Net Assets | |
|---|---|
| Exxon Mobil Corp. | 18.5% |
| Chevron Corp. | 9.9% |
| Schlumberger Ltd. | 6.4% |
| ConocoPhillips | 4.0% |
| Occidental Petroleum Corp. | 3.9% |
| Dow Chemical Co. | 3.7% |
| Halliburton Co. | 3.7% |
| Valero Energy Corp. | 3.0% |
| EOG Resources, Inc. | 2.9% |
| LyondellBasell Industries N.V. (Class A) | 2.9% |
| Total | 58.9% |
* Non-controlled affiliated closed-end fund
Sector Weightings (12/31/16)
| % of Net Assets | |
|---|---|
| Energy | |
| Integrated Oil & Gas | 28.4% |
| Exploration & Production | 25.6% |
| Oil Equipment & Services | 13.9% |
| Refiners | 6.6% |
| Pipelines | 4.9% |
| Basic Materials | |
| Chemicals | 15.6% |
| Industrial Metals | 1.6% |
| General Industrials | 0.7% |
| Gold & Precious Metals | 0.6% |
For further information, please contact:
Nancy J. Floyd Prue, CFA
Director of Shareholder Communications
410.752.5900 or 800.638.2479
email