Adams Natural Resources Fund Announces 2023 Performance
19 1월 2024 - 8:15AM
Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund’s
investment returns for 2023. “In a difficult year for the Energy
market, our Fund’s exposure to the Materials sector offset some of
the weakness. Good stock selection enabled the Fund to outperform
its benchmark,” said Jim Haynie, CEO of Adams Funds.
The total return on the Fund’s net asset value for 2023 was
2.5%, with dividends and capital gains reinvested. The comparable
figures for the S&P 500 Energy Sector and the S&P 500
Materials Sector were -1.3% and 12.6%, respectively. Our benchmark,
which is comprised of the S&P 500 Energy Sector (83%) and the
S&P 500 Materials Sector (17%), returned 1.0%. The total return
on the Fund’s market price for the same period was 1.0%.
The Fund paid $1.35 per share in income dividends and realized
capital gain distributions to shareholders in 2023, producing an
annual distribution rate of 6.2%, exceeding the Fund’s annual 6%
minimum distribution rate commitment. Details regarding the annual
6% minimum distribution rate commitment can be found at
adamsfunds.com.
The 2023 Annual Report is expected to be released on or about
February 15, 2024.
ANNUALIZED ONE, THREE, AND FIVE-YEAR
COMPARATIVE RETURNS (12/31/23)
|
1 Year |
3 Year |
5 Year |
Adams Natural Resources Fund (NAV) |
2.5% |
29.9% |
14.2% |
Adams Natural Resources Fund (market
price) |
1.0% |
30.2% |
14.4% |
S&P 500 Energy Sector |
-1.3% |
36.2% |
13.4% |
S&P 500 Materials Sector |
12.6% |
7.9% |
13.6% |
NET ASSET VALUE ANNOUNCED
The Fund’s net asset value at the end of 2023, compared with the
year earlier, was:
|
12/31/23 |
12/31/22 |
Net assets |
$633,446,941 |
$651,336,441 |
Shares outstanding |
25,514,441 |
25,193,556 |
Net asset value per share |
$24.83 |
$25.85 |
TEN LARGEST EQUITY PORTFOLIO HOLDINGS
(12/31/23)
|
% of Net Assets |
Exxon Mobil Corporation |
18.5% |
Chevron Corporation |
12.4% |
ConocoPhillips |
7.5% |
Linde plc |
4.6% |
Marathon Petroleum Corporation |
3.9% |
EOG Resources, Inc. |
3.6% |
Pioneer Natural Resources Company |
3.6% |
Schlumberger N.V. |
3.5% |
Phillips 66 |
3.2% |
Hess Corporation |
2.9% |
Total |
63.7% |
INDUSTRY WEIGHTINGS
(12/31/23)
|
% of Net Assets |
Energy |
|
Integrated Oil & Gas |
31.5% |
Exploration & Production |
25.3% |
Refining & Marketing |
8.9% |
Equipment & Services |
7.6% |
Storage & Transportation |
6.2% |
Materials |
|
Chemicals |
14.7% |
Metals & Mining |
2.9% |
Construction Materials |
1.6% |
Containers & Packaging |
0.9% |
About Adams FundsSince 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
│800.638.2479
Adams Natural Resources (NYSE:PEO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Adams Natural Resources (NYSE:PEO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024