Adams Natural Resources Fund Announces 2015 Performance

14 Jan, 2016, 17:12 ET from Adams Natural Resources Fund, Inc. (PEO)

BALTIMORE, Jan. 14, 2016 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (PEO) announces the Fund's investment returns for 2015.  The total return on the Fund's net asset value for the twelve months ended December 31, 2015 was -19.1%, with dividends and capital gains reinvested. The comparable figures for the Lipper Global Natural Resources Funds Index, the Dow Jones U.S. Oil & Gas Index, and the Dow Jones U.S. Basic Materials Index were -22.2%, -22.0%, and -12.4%, respectively.  The total return on the Fund's market price for the same period was -20.0%.

The Fund paid $1.38 per share in income dividends and realized capital gain distributions to shareholders in 2015, 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 www.adamsfunds.com.

The 2015 Annual Report is expected to be released on or about February 23, 2016.

 

ANNUALIZED ONE, THREE AND FIVE-YEAR COMPARATIVE RETURNS (12/31/15)


1 Year

3 Year

5 Year

Adams Natural Resources Fund  (NAV)

-19.1%

-2.6%

-0.7%

Adams Natural Resources Fund (market)

-20.0%

-2.8%

-1.3%

Lipper Global Natural Resources Funds Index

-22.2%

-9.2%

-8.5%

DJ U.S. Oil & Gas Index

-22.0%

-3.7%

-0.6%

DJ U.S. Basic Materials Index

-12.4%

2.9%

0.5%

NET ASSET VALUE ANNOUNCED

The Fund's net asset value at the end of 2015, compared with the year earlier, was:



12/31/15

12/31/14

Net assets

$582,676,811

$754,505,739

Shares outstanding

28,096,651

27,380,920

Net asset value per share

$20.74

$27.56

TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/15)


% of Net Assets

Exxon Mobil Corp.

19.8%

Chevron Corp.

9.6%

Schlumberger Ltd.

6.7%

Phillips 66

4.4%

Dow Chemical Co.

4.0%

EOG Resources, Inc.

3.9%

LyondellBasell Industries N.V. (Class A)

3.9%

Occidental Petroleum Corp.

3.7%

Monsanto Co.

3.3%

Halliburton Co.

3.0%

Total

62.3%

SECTOR WEIGHTINGS (12/31/15)


% of Net Assets

Energy


Integrated Oil & Gas

29.4%

Exploration & Production

22.3%

Oil Equipment & Services

13.5%

Refiners

7.7%

Pipelines

4.3%

Renewable Energy Equipment

0.8%

Basic Materials


Chemicals

17.2%

General Industrials

1.7%

Industrial Metals

1.3%

Gold & Precious Metals

0.8%

 

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
prue@adamsfunds.com

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SOURCE Adams Natural Resources Fund, Inc. (PEO)