Adams Natural Resources Fund Announces 2024 Performance
Adams Natural Resources Fund (NYSE: PEO) reported its 2024 investment performance with a 5.3% total return on net asset value, outperforming its benchmark's 4.6% return. The Fund's market price achieved a 13.8% total return.
The Fund distributed $1.77 per share in income dividends and capital gains, representing a 6.7% annual distribution rate. Net assets reached $636,334,398 by year-end 2024, with a net asset value per share of $24.21.
The portfolio maintains significant exposure to energy sector leaders, with Exxon Mobil (24.2%) and Chevron (11.6%) as top holdings. Industry weightings show a strong focus on Integrated Oil & Gas (35.8%) and Exploration & Production (20.7%), followed by Materials sectors.
Adams Natural Resources Fund (NYSE: PEO) ha riportato le sue performance d'investimento per il 2024, registrando un ritorno totale del 5,3% sul valore netto degli attivi, superando il ritorno del benchmark pari al 4,6%. Il prezzo di mercato del Fondo ha raggiunto un ritorno totale del 13,8%.
Il Fondo ha distribuito $1,77 per azione in dividendi di reddito e guadagni in conto capitale, rappresentando un tasso di distribuzione annuale del 6,7%. Gli attivi netti hanno raggiunto $636.334.398 entro la fine del 2024, con un valore netto per azione di $24,21.
Il portafoglio mantiene un'esposizione significativa ai leader del settore energetico, con Exxon Mobil (24,2%) e Chevron (11,6%) come principali partecipazioni. I pesi settoriali mostrano un forte focus su Oil & Gas Integrati (35,8%) e Esplorazione & Produzione (20,7%), seguiti dai settori dei Materiali.
Adams Natural Resources Fund (NYSE: PEO) report贸 su rendimiento de inversi贸n para 2024 con un retorno total del 5.3% sobre el valor neto de los activos, superando el retorno de su 铆ndice de referencia del 4.6%. El precio de mercado del Fondo alcanz贸 un retorno total del 13.8%.
El Fondo distribuy贸 $1.77 por acci贸n en dividendos de ingreso y ganancias de capital, lo que representa una tasa de distribuci贸n anual del 6.7%. Los activos netos alcanzaron $636,334,398 a finales del 2024, con un valor neto por acci贸n de $24.21.
El portafolio mantiene una exposici贸n significativa a los l铆deres del sector energ茅tico, con Exxon Mobil (24.2%) y Chevron (11.6%) como principales participaciones. Los pesos industriales muestran un fuerte enfoque en Petr贸leo y Gas Integrados (35.8%) y Exploraci贸n y Producci贸n (20.7%), seguidos por los sectores de Materiales.
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Adams Natural Resources Fund (NYSE: PEO) a annonc茅 ses performances d'investissement pour 2024, avec un rendement total de 5,3% sur la valeur nette des actifs, d茅passant le rendement de son indice de r茅f茅rence de 4,6%. Le prix du march茅 du Fonds a atteint un rendement total de 13,8%.
Le Fonds a distribu茅 $1,77 par action en dividendes de revenus et en gains en capital, repr茅sentant un taux de distribution annuel de 6,7%. Les actifs nets ont atteint $636.334.398 脿 la fin de 2024, avec une valeur nette par action de $24,21.
Le portefeuille maintient une exposition significative aux leaders du secteur de l'茅nergie, avec Exxon Mobil (24,2%) et Chevron (11,6%) comme principales participations. Les poids sectoriels montrent un fort accent sur le p茅trole et le gaz int茅gr茅s (35,8%) et l'exploration et la production (20,7%), suivis par les mat茅riaux.
Adams Natural Resources Fund (NYSE: PEO) hat seine Investitionsleistung f眉r 2024 mit einer Gesamtrendite von 5,3% auf den Nettoverm枚genswert bekannt gegeben und lag damit 眉ber der Benchmark-Rendite von 4,6%. Der Marktpreis des Fonds erzielte eine Gesamtrendite von 13,8%.
Der Fonds verteilte $1,77 pro Aktie in Einkommensdividenden und Kapitalgewinnen, was einer j盲hrlichen Aussch眉ttungsquote von 6,7% entspricht. Die Nettoverm枚genswerte erreichten zum Jahresende 2024 $636.334.398, mit einem Nettoverm枚genswert pro Aktie von $24,21.
Das Portfolio hat eine erhebliche Exponierung gegen眉ber f眉hrenden Unternehmen im Energiesektor, mit Exxon Mobil (24,2%) und Chevron (11,6%) als Hauptbeteiligungen. Die Branchengewichtungen zeigen einen starken Fokus auf integrierte 脰l- und Gasunternehmen (35,8%) und Exploration und Produktion (20,7%), gefolgt von den Materialien.
- Outperformed benchmark return (5.3% vs 4.6%)
- Strong market price return of 13.8%
- Healthy distribution rate of 6.7%
- Solid 3-year and 5-year performance metrics (16.1% and 12.5% respectively)
- Net asset value per share decreased from $24.83 to $24.21 year-over-year
- Underperformed S&P 500 Energy Sector's 3-year return (16.1% vs 20.0%)
Insights
The Adams Natural Resources Fund's 2024 performance reveals several notable insights. The fund's 5.3% NAV return outperformed its benchmark by 70 basis points, while delivering an impressive 13.8% market price return. The significant disparity between NAV and market price returns indicates a substantial reduction in the fund's discount to NAV during 2024.
The fund's 6.7% distribution rate stands out in the current market environment, supported by
The fund's three-year annualized return of 16.1% demonstrates strong medium-term performance, though it lags the S&P 500 Energy Sector's 20.0%. This underperformance is partly offset by the fund's materials sector exposure, which has acted as a diversification buffer in a volatile energy market.
The portfolio's sector allocation tells a compelling story about positioning for 2024's market conditions. The dominant 35.8% weighting in integrated oil & gas companies, combined with 20.7% in exploration & production, shows a strategic focus on upstream operations that benefit from stable oil prices. The 13.0% allocation to chemicals provides important diversification from pure energy exposure.
The fund's market price outperformance suggests growing investor confidence in natural resources, particularly in high-quality, dividend-paying companies. The increase in shares outstanding from 25.5M to 26.3M indicates demand for the fund's shares, while the slight decline in NAV per share from
BALTIMORE, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund鈥檚 investment returns for 2024. The total return on the Fund鈥檚 net asset value for 2024 was
The Fund paid
鈥淭he Energy market presented challenges in 2024. Our disciplined approach supported good stock selection that enabled the Fund to outperform its benchmark,鈥� said Jim Haynie, CEO of Adams Funds.听
The 2024 Annual Report is expected to be released on or about February 19, 2025.
| ANNUALIZED ONE, THREE, FIVE, AND TEN-YEAR COMPARATIVE RETURNS (12/31/24) | ||||
| 听 | 听 | 听 | 听 | 听 |
| 听 | 1 Year | 3 Year | 5 Year | 10 Year |
| Adams Natural Resources Fund (NAV) | ||||
| Adams Natural Resources Fund (market price) | ||||
| S&P 500 Energy Sector | ||||
| S&P 500 Materials Sector | - | |||
| 听 | 听 | 听 | 听 | 听 |
NET ASSET VALUE ANNOUNCED
The Fund鈥檚 net asset value at the end of 2024, compared with the year earlier, was:
| 听 | 12/31/24 | 12/31/23 |
| Net assets | ||
| Shares outstanding | 26,284,550 | 25,514,441 |
| Net asset value per share | ||
| 听 | 听 | 听 |
| 听TEN LARGEST EQUITY PORTFOLIO HOLDINGS (12/31/24) | |
| 听 | 听 |
| 听 | % of Net Assets |
| Exxon Mobil Corporation | |
| Chevron Corporation | |
| ConocoPhillips | |
| Linde plc | |
| EOG Resources, Inc. | |
| Williams Companies, Inc.. | |
| ONEOK, Inc. | |
| Hess Corporation | |
| Baker Hughes Company | |
| Phillips 66 | |
| 听听听听 Total | |
| 听 | 听 |
| INDUSTRY WEIGHTINGS (12/31/24) | |
| 听 | 听 |
| 听 | % of Net Assets |
| Energy | 听 |
| Integrated Oil & Gas | |
| Exploration & Production | |
| Storage & Transportation | |
| Refining & Marketing | |
| Equipment & Services | |
| Energy Related | |
| Materials | 听 |
| Chemicals | |
| Metals & Mining 听 | |
| Containers & Packaging | |
| Construction Materials | |
| 听 | 听 |
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 90 years across many market cycles. The Funds are committed to paying a minimum annual distribution rate of
For further information please contact: adamsfunds.com/about/contact 鈹�800.638.2479听
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