BALTIMORE, Jan. 18, 2018 /PRNewswire/ -- Adams Natural
Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment
returns for 2017. The total return on the Fund's net asset
value for the year was 3.0%, 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 8.1%, -1.6%,
and 25.1%, respectively. The total return on the Fund's
market price for the same period was 4.6%.
The Fund paid $1.18 per share in
income dividends and realized capital gain distributions to
shareholders in 2017, 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 2017 Annual Report is expected to be released on or about
February 26, 2018.
ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS
(12/31/17)
|
1
Year
|
3
Year
|
5
Year
|
Adams Natural
Resources Fund (NAV)
|
3.0%
|
0.6%
|
3.1%
|
Adams Natural
Resources Fund (market price)
|
4.6%
|
0.2%
|
3.0%
|
Lipper Global Natural
Resources Funds Average
|
8.1%
|
0.6%
|
0.4%
|
DJ U.S. Oil & Gas
Index
|
-1.6%
|
-1.0%
|
2.1%
|
DJ U.S. Basic
Materials Index
|
25.1%
|
9.6%
|
10.4%
|
NET ASSET VALUE ANNOUNCED
The Fund's net asset value at the end of 2017, compared with the
year earlier, was:
|
12/31/17
|
12/31/16
|
Net assets
|
$674,388,286
|
$685,882,029
|
Shares
outstanding
|
28,999,196
|
28,555,305
|
Net asset value per
share
|
$23.26
|
$24.02
|
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/17)
|
% of Net
Assets
|
Exxon Mobil
Corporation
|
19.1%
|
Chevron
Corporation
|
10.1%
|
DowDuPont
Inc.
|
6.0%
|
Schlumberger
NV
|
5.3%
|
ConocoPhillips
|
4.5%
|
Halliburton
Company
|
3.4%
|
Valero Energy
Corporation
|
3.2%
|
EOG Resources,
Inc.
|
2.9%
|
Occidental Petroleum
Corporation
|
2.8%
|
Phillips
66
|
2.6%
|
Total
|
59.9%
|
SECTOR WEIGHTINGS (12/31/17)
|
% of Net
Assets
|
Energy
|
|
Integrated Oil &
Gas
|
29.3%
|
Exploration &
Production
|
25.8%
|
Oil Equipment &
Services
|
11.7%
|
Refiners
|
7.8%
|
Pipelines
|
4.6%
|
|
|
Basic
Materials
|
|
Chemicals
|
15.9%
|
Industrial
Metals
|
2.4%
|
General
Industrials
|
0.9%
|
Gold & Precious
Metals
|
0.6%
|
During the fourth quarter, we initiated new positions in Devon
Energy, Hess, and Newfield Exploration.
About Adams Funds
Since 1929, Adams Funds have
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:
Lyn
Walther
Director of Shareholder Communications
walther@adamsfunds.com
500 East Pratt Street, Suite 1300, Baltimore, MD 21202 │ 410.752.5900 │
800.638.2479 │ adamsfunds.com
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SOURCE Adams Natural Resources Fund, Inc.