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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adams Diversified Equity Fund Inc | NYSE:ADX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.19 | 0.96% | 19.99 | 20.00 | 19.90 | 19.90 | 134,067 | 20:08:40 |
FIRST QUARTER PERFORMANCE
For the three months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 13.1%. This compares to a total return of 12.7% for the Fund’s benchmark, which is comprised of the S&P 500 Energy Sector (80% weight) and the S&P 500 Materials Sector (20% weight), over the same period. The total return on the market price of the Fund’s shares for the period was 12.3%.
For the twelve months ended March 31st, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 19.3%. Comparable return for the Fund’s benchmark was 17.6%. The total return on the market price of the Fund’s shares for the period was 19.7%.
The First Quarter Report to Shareholders is expected to be available on or about April 24, 2024.
ANNUALIZED COMPARATIVE RETURNS (3/31/2024)
1 Year | 3 Year | 5 Year | |
Adams Natural Resources Fund (NAV) | 19.3% | 26.0% | 13.9% |
Adams Natural Resources Fund (market price) | 19.7% | 23.9% | 13.7% |
S&P 500 Energy Sector | 17.7% | 30.0% | 12.9% |
S&P 500 Materials Sector | 17.6% | 7.9% | 13.3% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at March 31, 2024, compared with the year earlier, was:
3/31/2024 | 3/31/2023 | |
Net assets | $712,708,809 | $627,152,193 |
Shares outstanding | 25,506,011 | 25,082,799 |
Net asset value per share | $27.94 | $25.00 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (3/31/2024)
% of Net Assets | |
Exxon Mobil Corporation | 19.1% |
Chevron Corporation | 12.0% |
ConocoPhillips | 6.1% |
Marathon Petroleum Corporation | 4.7% |
Linde plc | 4.6% |
EOG Resources, Inc. | 4.0% |
Pioneer Natural Resources Company | 3.7% |
Phillips 66 | 3.5% |
Hess Corporation | 3.0% |
Schlumberger N.V. | 2.9% |
Total | 63.6% |
INDUSTRY WEIGHTINGS (3/31/2024)
% of Net Assets | |
Energy | 80.3% |
Integrated Oil & Gas | 32.0% |
Exploration & Production | 24.9% |
Refining & Marketing | 10.3% |
Storage & Transportation | 7.2% |
Equipment & Services | 5.9% |
Materials | 19.2% |
Chemicals | 13.5% |
Metals & Mining | 3.1% |
Construction Materials | 1.7% |
Containers & Packaging | 0.9% |
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 85 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.
For further information please contact: adamsfunds.com/about/contact or 800.638.2479
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