BALTIMORE, MARYLAND, January 20, 2022 - Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for 2021. “In a year of strong performance in the Energy and Materials sectors, we were pleased to generate a 47.7% return in 2021, outperforming our benchmark,” said Mark Stoeckle, CEO of Adams Funds.
The total return on the Fund’s net asset value for the year was 47.7%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 54.6% and 27.3%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (70%) and the S&P 500 Materials Sector (30%), returned 46.4%. The total return on the Fund’s market price for the same period was 53.6%.
The Fund paid $0.91 per share in income dividends and realized capital gain distributions to shareholders in 2021, producing an annual distribution rate of 6.3%, 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 2021 Annual Report is expected to be released on or about February 18, 2022.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/21)
|1 Year||3 Year||5 Year|
|Adams Natural Resources Fund (NAV)||47.7%||9.3%||1.9%|
|Adams Natural Resources Fund (market price)||53.6%||11.0%||2.4%|
|S&P 500 Energy Sector||54.6%||4.7%||-1.5%|
|S&P 500 Materials Sector||27.3%||24.2%||15.1%|
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2021, compared with the year earlier, was:
|Net asset value per share||$19.22||$13.76|
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/21)
|% of Net Assets|
|Exxon Mobil Corporation||15.9%|
|EOG Resources, Inc.||4.5%|
|Marathon Petroleum Corporation||3.7%|
|Valero Energy Corporation||2.7%|
|Devon Energy Corporation||2.4%|
SECTOR WEIGHTINGS (12/31/21)
|% of Net Assets|
|Integrated Oil & Gas||30.2%|
|Exploration & Production||24.4%|
|Refining & Marketing||7.9%|
|Storage & Transportation||5.6%|
|Equipment & Services||5.0%|
|Metals & Mining||4.0%|
|Containers & Packaging||2.7%|
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.
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