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12.01.2017 22:15:00
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Adams Natural Resources Fund Announces 2016 Performance
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.
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