BALTIMORE, MARYLAND, January 16, 2020 - Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for 2019. “Our Fund benefited from exposure to both the Energy and Materials sectors in 2019. Our investments in Materials rose 25.0% for the year,” said Mark Stoeckle, CEO of Adams Funds.
The total return on the Fund’s net asset value for the year was 13.7%, with dividends and capital gains reinvested. The comparable figures for the Lipper Global Natural Resources Funds Average, the S&P 500 Energy Sector, and the S&P 500 Materials Sector were 15.4%, 11.8%, and 24.6%, respectively. The total return on the Fund’s market price for the same period was 21.1%.
The Fund paid $1.10 per share in income dividends and realized capital gain distributions to shareholders in 2019, producing an annual distribution rate of 6.9%, exceeding the Fund’s annual 6.0% minimum distribution rate commitment. Details regarding the annual 6.0% minimum distribution rate commitment can be found at adamsfunds.com.
The 2019 Annual Report is expected to be released on or about February 24, 2020.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/19)
|1 Year||3 Year||5 Year|
|Adams Natural Resources Fund (NAV)||13.7%||-1.5%||-1.1%|
|Adams Natural Resources Fund (market price)||21.1%||-0.2%||-0.9%|
|Lipper Global Natural Resources Funds Average||15.4%||-0.3%||-1.1%|
|S&P 500 Energy Sector||11.8%||-3.2%||-1.9%|
|S&P 500 Materials Sector||24.6%||9.6%||7.1%|
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2019, compared with the year earlier, was:
|Net asset value per share||$18.79||$17.71|
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/19)
|% of Net Assets|
|Exxon Mobil Corporation||18.4%|
|EOG Resources, Inc.||3.4%|
|Marathon Petroleum Corporation||3.1%|
|Valero Energy Corporation||3.1%|
|Kinder Morgan Inc.||3.0%|
SECTOR WEIGHTINGS (12/31/19)
|% of Net Assets|
|Integrated Oil & Gas||34.4%|
|Exploration & Production||19.4%|
|Refining & Marketing||10.7%|
|Equipment & Services||7.8%|
|Storage & Transportation||7.0%|
|Containers & Packaging||2.2%|
|Metals & Mining||1.6%|
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 please contact:
Director of Shareholder Communications