Adams Natural Resources Fund Announces 2021 Performance
20 Janvier 2022 - 10:45PM
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 FundsSince 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
Communicationsinvestorrelations@adamsfunds.com
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