• Adams Natural Resources Fund Reports Nine Month Results

    Источник: Nasdaq GlobeNewswire / 20 окт 2022 16:56:32   America/New_York

    BALTIMORE, Oct. 20, 2022 (GLOBE NEWSWIRE) -- 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 Year3 Year5 Year10 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 Sector45.7%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:

     09/30/202209/30/2021
    Net assets$552,664,703$434,783,848
    Shares outstanding 24,485,314 24,084,964
    Net asset value per share$22.57$18.05

    TEN LARGEST EQUITY PORTFOLIO HOLDINGS (09/30/2022)

     % of Net Assets
    Exxon Mobil Corporation20.9%
    Chevron Corporation14.5%
    ConocoPhillips9.1%
    Marathon Petroleum Corporation4.2%
    Pioneer Natural Resources Corporation3.8%
    Occidental Petroleum Corporation3.6%
    Linde plc3.2%
    Valero Energy Corporation3.0%
    EOG Resources, Inc.2.9%
    Schlumberger N.V.2.8%
          Total68.0%

    SECTOR WEIGHTINGS (09/30/2022)

     % of Net Assets
    Energy 
    Integrated Oil & Gas36.2%
    Exploration & Production29.2%
    Refining & Marketing8.8%
    Equipment & Services5.2%
    Storage & Transportation3.6%
      
    Materials 
    Chemicals10.7%
    Metals & Mining2.5%
    Construction Materials1.9%
    Containers & Packaging1.1%


    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


    Primary Logo

Опубликовать