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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 | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 21.98 | 0 | 09:05:05 |
FIRST HALF PERFORMANCE
For the six months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 10.2%. This compares to a total return of 9.6% 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 15.5%.
For the twelve months ended June 30th, the total return on Adams Natural Resources’ net asset value, with dividends and capital gains reinvested, was 16.5%. This compares to a total return of 14.4% for the Fund’s benchmark over the same period. The total return on the market price of the Fund’s shares for the period was 20.9%.
The Semi-Annual Report to Shareholders is expected to be available on or about July 24, 2024.
ANNUALIZED COMPARATIVE RETURNS (6/30/2024) | |||
1 Year | 3 Year | 5 Year | |
Adams Natural Resources Fund (NAV) | 16.5% | 21.0% | 13.5% |
Adams Natural Resources Fund (market price) | 20.9% | 20.8% | 14.5% |
S&P 500 Energy Sector | 15.9% | 24.4% | 13.0% |
S&P 500 Materials Sector | 8.7% | 4.5% | 10.9% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at June 30, 2024, compared with the year earlier, was:
6/30/2024 | 6/30/2023 | |
Net assets | $689,986,546 | $620,953,602 |
Shares outstanding | 25,453,641 | 25,033,377 |
Net asset value per share | $27.11 | $24.81 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS (6/30/2024) | |
% of Net Assets | |
Exxon Mobil Corporation | 24.7% |
Chevron Corporation | 11.9% |
ConocoPhilips | 5.7% |
Linde plc | 4.4% |
Marathon Petroleum Corporation | 4.2% |
EOG Resources, Inc. | 4.0% |
Phillips 66 | 3.2% |
Hess Corporation | 3.0% |
Diamondback Energy, Inc. | 2.8% |
Williams Companies, Inc. | 2.8% |
Total | 66.7% |
INDUSTRY WEIGHTINGS (6/30/2024) | |
% of Net Assets | |
Energy | 80.5% |
Integrated Oil & Gas | 37.4% |
Exploration & Production | 20.9% |
Refining & Marketing | 9.3% |
Storage & Transportation | 7.3% |
Equipment & Services | 5.6% |
Materials | 18.8% |
Chemicals | 12.3% |
Metals & Mining | 3.6% |
Construction Materials | 1.5% |
Containers & Packaging | 1.4% |
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 a minimum annual distribution rate of 8% of NAV 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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