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
[e-mail]

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SOURCE Adams Natural Resources Fund, Inc.

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