Adams Natural Resources Fund Announces 2021 Performance

Rhea-AI Summary

BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund (NYSE: PEO) reported a robust 47.7% return for 2021, exceeding its benchmark of 46.4%. The Fund's total return on market price was 53.6%. Shareholders received $0.91 per share in dividends, achieving a distribution rate of 6.3%, surpassing the 6.0% minimum commitment. Assets grew to $470.6 million, with a net asset value per share of $19.22. The 2021 Annual Report is anticipated around February 18, 2022.

Positive

• 47.7% return for 2021 outperformed benchmark return of 46.4%.
• Total return on market price was 53.6%.
• $0.91 per share in dividends paid, exceeding the 6.0% distribution commitment.

Negative

• None.

BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s investment returns for 2021. “In a year of strong performance in the Energy and Materials sectors, we were pleased to generate a 47.7% return in 2021, outperforming our benchmark,” said Mark Stoeckle, CEO of Adams Funds.

The total return on the Fund’s net asset value for the year was 47.7%, with dividends and capital gains reinvested. The comparable figures for the S&P 500 Energy Sector and the S&P 500 Materials Sector were 54.6% and 27.3%, respectively. Our benchmark, which is comprised of the S&P 500 Energy Sector (70%) and the S&P 500 Materials Sector (30%), returned 46.4%. The total return on the Fund’s market price for the same period was 53.6%.

The Fund paid $0.91 per share in income dividends and realized capital gain distributions to shareholders in 2021, producing an annual distribution rate of 6.3%, exceeding the Fund’s annual 6.0% minimum distribution rate commitment. Details regarding the annual 6.0% minimum distribution rate commitment can be found at adamsfunds.com.

The 2021 Annual Report is expected to be released on or about February 18, 2022.

ANNUALIZED ONE, THREE, AND FIVE-YEAR COMPARATIVE RETURNS (12/31/21)

	1 Year		3 Year		5 Year
Adams Natural Resources Fund (NAV)	47.7%		9.3%		1.9%
Adams Natural Resources Fund (market price)	53.6%		11.0%		2.4%
S&P 500 Energy Sector	54.6%		4.7%		-1.5%
S&P 500 Materials Sector	27.3%		24.2%		15.1%

NET ASSET VALUE ANNOUNCED

The Fund’s net asset value at the end of 2021, compared with the year earlier, was:

	12/31/21					12/31/20
Net assets	$470,588,987					$331,941,768
Shares outstanding			24,484,588			24,121,714
Net asset value per share	$19.22					$13.76

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/21)

	% of Net Assets
Exxon Mobil Corporation	15.9	%
Chevron Corporation	13.8	%
ConocoPhillips	7.3	%
EOG Resources, Inc.	4.5	%
Linde plc	4.3	%
Marathon Petroleum Corporation	3.7	%
Schlumberger N.V.	3.3	%
Sherwin-Williams Company	2.7	%
Valero Energy Corporation	2.7	%
Devon Energy Corporation	2.4	%
Total	60.6	%

SECTOR WEIGHTINGS (12/31/21)

	% of Net Assets
Energy
Integrated Oil & Gas	30.2	%
Exploration & Production	24.4	%
Refining & Marketing	7.9	%
Storage & Transportation	5.6	%
Equipment & Services	5.0	%
Energy-Related	0.4	%
Materials
Chemicals	15.5	%
Metals & Mining	4.0	%
Construction Materials	3.6	%
Containers & Packaging	2.7	%

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: adamsfunds.com.

Contact:
Shareholder Communications
investorrelations@adamsfunds.com

FAQ

What was the investment return for Adams Natural Resources Fund (PEO) in 2021?

The Adams Natural Resources Fund (PEO) reported a 47.7% return in 2021.

How much did Adams Natural Resources Fund (PEO) pay in dividends for 2021?

Adams Natural Resources Fund (PEO) paid $0.91 per share in dividends for 2021.

What is the net asset value per share for Adams Natural Resources Fund (PEO)?

The net asset value per share for Adams Natural Resources Fund (PEO) is $19.22.

When will the 2021 Annual Report for Adams Natural Resources Fund (PEO) be released?

The 2021 Annual Report for Adams Natural Resources Fund (PEO) is expected to be released on or about February 18, 2022.

How did the return of Adams Natural Resources Fund (PEO) compare to the S&P 500 Energy and Materials sectors?

Adams Natural Resources Fund (PEO) return of 47.7% was lower than the S&P 500 Energy Sector's 54.6% but higher than the S&P 500 Materials Sector's 27.3%.