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Adams Natural Resources Fund Announces 2016 Performance

Donnerstag, 12.01.2017 22:20 von PR Newswire

PR Newswire

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

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/adams-natural-resources-fund-announces-2016-performance-300390564.html

SOURCE Adams Natural Resources Fund, Inc.