Adams Natural Resources Fund Reports Nine Month Results

Rhea-AI Summary

Adams Natural Resources Fund, Inc. (NYSE: PEO) reported a total return of 33.8% on net asset value for the nine months ended September 30, 2021, outperforming its benchmark's 33.4%. The market price return was 40.8%. For the twelve-month period, total return was 64.8%, slightly ahead of the benchmark's 64.5%, with a market price return of 69.6%. The fund's net assets increased to $434.8 million from $275.8 million year-over-year, and the net asset value per share rose to $18.05 from $11.58.

Positive

• Total return on net asset value increased to 33.8% for nine months, outperforming benchmark.
• Market price return of shares rose to 40.8% over the same period.
• For twelve months, total return on net asset value was 64.8%, exceeding benchmark.
• Substantial increase in net assets to $434.8 million from $275.8 million year-over-year.
• Net asset value per share increased to $18.05 from $11.58.

Negative

• None.

BALTIMORE, Oct. 21, 2021 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced the Fund's results for the nine months ended September 30^th. The total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 33.8%. This compares to a total return of 33.4% for the Fund's benchmark, which is comprised of the S&P 500 Energy Sector (70% weight) and the S&P 500 Materials Sector (30% weight), over the same period. The total return on the market price of the Fund's shares for the period was 40.8%.

For the twelve months ended September 30^th, the total return on Adams Natural Resources' net asset value, with dividends and capital gains reinvested, was 64.8%. Comparable return for the Fund's benchmark was 64.5%. The total return on the market price of the Fund's shares for the period was 69.6%.

"Our Fund's performance of 33.8% exceeded our benchmark for the first nine months of 2021," said Mark Stoeckle, CEO of Adams Funds. "Our investments in the Exploration and Production group were the strongest contributors to overall performance."

NET ASSET VALUE
	9/30/2021	9/30/2020
Net assets	$434,783,848	$275,792,627
Shares outstanding	24,084,964	23,822,808
Net asset value per share	$18.05	$11.58

The Third Quarter Report to Shareholders is expected to be available on or about October 27, 2021.

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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: adamsfunds.com.

Contact:
Investor Relations
800.638.2479
investorrelations@adamsfunds.com

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SOURCE Adams Funds

FAQ

What was the total return on Adams Natural Resources Fund for the nine months ending September 30, 2021?

The total return was 33.8%, exceeding the benchmark of 33.4%.

How did the market price return of Adams Natural Resources Fund perform in 2021?

The market price return was 40.8% for the nine-month period.

What was the net asset value per share for Adams Natural Resources Fund as of September 30, 2021?

The net asset value per share was $18.05.

How much did the net assets of Adams Natural Resources Fund increase from September 2020 to September 2021?

Net assets increased from $275.8 million to $434.8 million.

What was the total return for the twelve months ending September 30, 2021, for Adams Natural Resources Fund?

The total return was 64.8%, slightly above the benchmark's 64.5%.