BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- 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 | % | |
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.
Contact:
Shareholder Communications
investorrelations@adamsfunds.com
