BALTIMORE, MARYLAND, October 20, 2022 - Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund’s results for the nine months ended September 30th. The total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 19.1%. This compares to a total return of 19.7% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (74% weight) and the S&P 500 Materials Sector (26% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 19.5%.
For the twelve months ended September 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 31.4%. Comparable return for the Fund’s benchmark was 31.4%. The total return on the market price of the Fund’s shares for the period was 30.4%.
The Third Quarter Report to Shareholders is expected to be available on or about October 26, 2022.
ANNUALIZED COMPARATIVE RETURNS (09/30/2022)
|1 Year||3 Year||5 Year||10 Year|
|Adams Natural Resources Fund (NAV)||31.4%||12.9%||6.2%||3.8%|
|Adams Natural Resources Fund (market price)||30.4%||13.8%||6.3%||3.6%|
|S&P 500 Energy Sector||45.7%||13.4%||6.1%||3.5%|
|S&P 500 Materials Sector||-12.2%||7.6%||5.9%||8.6%|
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at September 30, 2022, compared with the year earlier, was:
|Net asset value per share||$22.57||$18.05|
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (09/30/2022)
|% of Net Assets|
|Exxon Mobil Corporation||20.9%|
|Marathon Petroleum Corporation||4.2%|
|Pioneer Natural Resources Corporation||3.8%|
|Occidental Petroleum Corporation||3.6%|
|Valero Energy Corporation||3.0%|
|EOG Resources, Inc.||2.9%|
SECTOR WEIGHTINGS (09/30/2022)
|% of Net Assets|
|Integrated Oil & Gas||36.2%|
|Exploration & Production||29.2%|
|Refining & Marketing||8.8%|
|Equipment & Services||5.2%|
|Storage & Transportation||3.6%|
|Metals & Mining||2.5%|
|Containers & Packaging||1.1%|
About Adams Funds
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 contact us:
800-638-2479 │ adamsfunds.com/about/contact