BALTIMORE, Jan. 12, 2017 /PRNewswire/ -- Adams Natural
Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment
returns for 2016. The total return on the Fund's net asset
value for the twelve months ended December
31, 2016 was 22.5%, with dividends and capital gains
reinvested. The comparable figures for the Lipper Global Natural
Resources Funds Average, the Dow Jones U.S. Oil & Gas Index,
and the Dow Jones U.S. Basic Materials Index were 24.0%, 26.3%, and
20.3%, respectively. The total return on the Fund's market
price for the same period was 20.2%.
The Fund paid $1.14 per share in
income dividends and realized capital gain distributions to
shareholders in 2016, producing an annual distribution rate of
6.1%, exceeding the Fund's annual 6% minimum distribution rate
commitment. Details regarding the annual 6% minimum distribution
rate commitment can be found at www.adamsfunds.com.
The 2016 Annual Report is expected to be released on or about
February 24, 2017.
ANNUALIZED ONE,
THREE AND FIVE-YEAR COMPARATIVE RETURNS (12/31/16)
|
|
|
1
Year
|
3
Year
|
5
Year
|
Adams Natural
Resources Fund (NAV)
|
22.5%
|
-3.1%
|
3.3%
|
Adams Natural
Resources Fund (market price)
|
20.2%
|
-3.4%
|
2.9%
|
Lipper Global Natural
Resources Funds Average
|
24.0%
|
-7.2%
|
-1.2%
|
DJ U.S. Oil & Gas
Index
|
26.3%
|
-3.7%
|
3.4%
|
DJ U.S. Basic
Materials Index
|
20.3%
|
2.9%
|
7.7%
|
NET ASSET VALUE
ANNOUNCED
|
|
The Fund's net asset
value at the end of 2016, compared with the year earlier,
was:
|
|
|
12/31/16
|
12/31/15
|
Net assets
|
$685,882,029
|
$582,676,811
|
Shares
outstanding
|
28,555,305
|
28,096,651
|
Net asset value per
share
|
$24.02
|
$20.74
|
TEN LARGEST EQUITY
PORTFOLIO HOLDINGS (12/31/16)
|
|
|
% of Net
Assets
|
Exxon Mobil
Corp.
|
18.5%
|
Chevron
Corp.
|
9.9%
|
Schlumberger
Ltd.
|
6.4%
|
ConocoPhillips
|
4.0%
|
Occidental Petroleum
Corp.
|
3.9%
|
Dow Chemical
Co.
|
3.7%
|
Halliburton
Co.
|
3.7%
|
Valero Energy
Corp.
|
3.0%
|
EOG Resources,
Inc.
|
2.9%
|
LyondellBasell
Industries N.V. (Class A)
|
2.9%
|
Total
|
58.9%
|
SECTOR WEIGHTINGS
(12/31/16)
|
|
|
% of Net
Assets
|
Energy
|
|
Integrated Oil &
Gas
|
28.4%
|
Exploration &
Production
|
25.6%
|
Oil Equipment &
Services
|
13.9%
|
Refiners
|
6.6%
|
Pipelines
|
4.9%
|
|
|
Basic
Materials
|
|
Chemicals
|
15.6%
|
Industrial
Metals
|
1.6%
|
General
Industrials
|
0.7%
|
Gold & Precious
Metals
|
0.6%
|
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:
www.adamsfunds.com.
Contact:
Nancy J. Floyd
Prue
Executive Vice President
Director of Shareholder Communications
prue@adamsfunds.com
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visit:http://www.prnewswire.com/news-releases/adams-natural-resources-fund-announces-2016-performance-300390564.html
SOURCE Adams Natural Resources Fund, Inc.