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:

12/31/21 12/31/20
Net assets $470,588,987 $331,941,768
Shares outstanding 24,484,588 24,121,714
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%
Chevron Corporation 13.8%
ConocoPhillips 7.3%
EOG Resources, Inc. 4.5%
Linde plc 4.3%
Marathon Petroleum Corporation 3.7%
Schlumberger N.V. 3.3%
Sherwin-Williams Company 2.7%
Valero Energy Corporation 2.7%
Devon Energy Corporation 2.4%
     Total 60.6%

 

SECTOR WEIGHTINGS (12/31/21)

% of Net Assets
Energy
Integrated Oil & Gas 30.2%
Exploration & Production 24.4%
Refining & Marketing 7.9%
Storage & Transportation 5.6%
Equipment & Services 5.0%
Energy-Related 0.4%
Materials
Chemicals 15.5%
Metals & Mining 4.0%
Construction Materials 3.6%
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.

 


For further information please contact:

Shareholder Communications
800.638.2479
investorrelations@adamsfunds.com